Merkel insists Germany has its own standards after US warning on Huawei March 12, 2019 German Chancellor Angela Merkel has hit back at a warning from the US over the use of Huawei 5G equipment, saying Germany will set its own security standards for the new network. “Security, particularly when it comes to the expansion of the 5G network, but also elsewhere in the digital area, is a very important [...]
Property developer Weston buys Watford Laundry Factory for £85m March 12, 2019 Property developer Weston Homes has bought the historic Watford Laundry Factory for £85m as it begins work on a new residential development. The company will transform the site into a new scheme providing 227 new homes and a new commercial facility. The Watford Laundry Factory was founded in 1907 and has a long history of [...]
EU drops plans for digital tax as pressure builds for global reform March 12, 2019 The EU has scrapped plans to roll out a digital tax on tech giants due to opposition from several member states. Romanian finance minister Eugen Teodorovici today told representatives of EU governments the plan has been axed as no agreement could be reached after months of talks, Reuters reported. Read more: EU digital tax could [...]
US warns Germany it will cut intelligence sharing if it does not block Huawei March 12, 2019 The US has told Germany it will cut back intelligence sharing with its spy agencies if the country does not ban the use of Huawei’s equipment in its 5G network. The warning came in a letter from the US ambassador to Germany dated Friday, the Wall Street Journal reported. Read more: China backs Huawei's bid [...]
Equality regulator launches probe into BBC over equal pay scandal March 12, 2019 The BBC will face a formal investigation by the equality regulator following complaints female employees were not paid as much as men for the same work. The Equality and Human Rights Commission (EHRC) today said it has opened a probe into the broadcaster’s historical policy and pay practices and will look at formal and informal [...]
Ocean Outdoor buys two Dutch digital out-of-home agencies for €51m March 12, 2019 Digital advertising firm Ocean Outdoor has snapped up two Dutch out-of-home firms in a deal worth roughly €51m (£43.5m). Ocean, which manages major outdoor advertising venues such as Piccadilly Lights and Westfield, has acquired the combined portfolio of Interbest and Ngage Media, which operate across the Netherlands. Read more: Firm behind iconic Piccadilly Lights floats [...]
WPP appoints Microsoft chief executive Cindy Rose to the board March 12, 2019 Advertising group WPP has appointed Microsoft UK chief executive Cindy Rose to its board as a non-executive director, the company said today. Rose, who has held a string of high-profile jobs in the media and technology sectors, will join the firm from the beginning of April and will serve as a member of the audit [...]
World Wide Web: Google Doodle marks 30th anniversary of Sir Tim Berners-Lee’s invention March 12, 2019 It’s become such a fundamental part of our daily lives that it’s now almost impossible to imagine a world without the World Wide Web. But on 12 March 1989 the system we've come to rely on across the glove was just an inchoate proposal for an information management system, written by 33-year-old software engineer Tim [...]
Google paid $105m to two executives accused of sexual harassment March 12, 2019 Google paid a total of $105m (£79m) to two executives after they were accused of sexual harassment, according to court documents released last night. The lawsuit, filed by shareholder James Martin, confirms previous reports that Android creator Andy Rubin was paid $90m after he allegedly coerced sex from a colleague. Read more: Fintech superstar Marta [...]
Eve Sleep announces boardroom overhaul as results fall short of expectations March 12, 2019 Eve Sleep has announced sweeping changes to its management team as its full-year results fell short of market expectations. The figures Group revenue grew 25 per cent to £34.8m. Gross profit jumped 15 per cent to £18.4m. Statutory loss before tax deepened from £19m to £20.3m. Net cash dropped more than 20 per cent to [...]