Disgruntled client ordered to pay law firm £25,000 over Trustpilot review February 9, 2021 A man who left an angry review of a legal firm on Trustpilot has been ordered to pay £25,000 in damages after a judge ruled he had committed libel. Philip James Waymouth hired Summerfield Browne to represent him in a dispute concerning the enforcement of a court order, paying a fixed fee of £200. Waymouth [...]
EU weighs up forcing tech giants to pay for news February 9, 2021 The EU is said to be considering laws that would force tech giants to pay for news content, mirroring similar moves in Australia. The bloc is currently drafting two new laws — the Digital Services Act and the Digital Markets Act — which are designed to stamp out harmful material and curb Big Tech’s power. [...]
London facing ‘cultural catastrophe’ due to Covid-19 pandemic February 9, 2021 London’s creative and commercial sectors will have to team up to tackle the “cultural catastrophe” caused by coronavirus, the City of London Corporation has said. In a report published today, the corporation warned of the “devastating” impact of the pandemic and outlined steps needed to restore the capital’s competitive advantage as a cultural and commercial [...]
Reddit’s valuation doubles to $6bn after fresh funding round February 9, 2021 Reddit’s valuation has doubled to $6bn (£4.4bn) following a fresh funding round hot on the heels of a retail trading frenzy fuelled by the social media platform’s users. The company said it had raised more than $250m from new and existing investors in a series E funding round. The cash injection doubled Reddit’s valuation, which [...]
Facebook bans vaccine misinformation in latest platform clean-up February 9, 2021 Facebook has banned misinformation about all vaccines in its latest effort to crack down on harmful material. In December the social media firm began removing claims from Facebook and Instagram about approved Covid-19 vaccines that had been debunked by health experts. The company today said it would extend these measures to include more false claims [...]
The show must go on: How UK film and TV ploughed through the pandemic February 6, 2021 From Tiger King to The Serpent, hit TV shows have become cultural currency in an era defined by lockdowns. With millions of Brits forced to stay at home, film and TV has been one of the few avenues for entertainment over the last year, providing a much-needed dose of escapism during the pandemic. But for [...]
Sunak extends Covid loan relief after BoE says £22bn may never be repaid February 5, 2021 Rishi Sunak to extend Covid loan relief with longer repayment time for small businesses
Don’t bank on it: Is this UBS promo the most cringeworthy video ever? February 5, 2021 Social media was left baffled today after a recruitment video for UBS surfaced online. Anyone who’s ever stepped foot in the business world has, at some point, been subjected to a promotional video. From forced smiles to inane platitudes, the corporate promo shoot is invariably a cringeworthy affair, usually witnessed under duress during some ghastly [...]
US stimulus calls increase as job growth rebound falls short February 5, 2021 US employment growth rebounded less strongly than expected in January, fuelling calls for further government stimulus measures to aid the recovery from Covid-19. Non-farm payrolls increased by 49,000 jobs last month, just shy of the 50,000 additions expected, according to the US Labor Department. Figures for December were also revised to show 227,000 jobs were [...]
UK directors to face fines in major overhaul of audit rules February 5, 2021 UK directors will reportedly face fines for accounting failures at their companies as part of a major overhaul of the audit sector. Long-awaited reforms, set to be published as early as next week, will place a tough new burden on bosses in an effort to improve audit standards. Directors, rather than boards, will be held [...]
