IoT cyberattacks could cost UK economy £1bn per year May 22, 2019 Cyberattacks targeted at Internet of Things (IoT) devices could cost the UK more than £1bn per year, a new report has warned. Research from Dutch software firm Irdeto revealed IoT devices are often considered “low-hanging fruit” by cyber criminals, who are taking advantage of lax security measures to disrupt or extort businesses. Read more: Firms [...]
Health groups urge social media firms to end tobacco influencer marketing May 22, 2019 More than 125 public health groups have called on social media giants to end the promotion of tobacco products on their platforms, including through the use of influencers. In an open letter to the bosses of Facebook, Instagram, Twitter and Snapchat, the organisations called for an end to the “aggressive” advertising of all tobacco products [...]
Arcadia to shut two dozen stores and withdraw from the US in radical rescue plan May 22, 2019 Sir Philip Green’s retail empire Arcadia will shut almost two dozen stores and slash up to 500 jobs as part of a restructuring plan revealed today. The high street stalwart said it has launched seven company voluntary arrangements (CVA) as part of a desperate plan to turn around its ailing fortunes amid torrid trading conditions. [...]
World’s largest cannabis company Canopy Growth snaps up beauty brand This Works for £43m May 22, 2019 Cannabis giant Canopy Growth has bought UK beauty brand This Works for £43m as it looks to roll out CBD-infused skincare and sleep products. Canopy Growth, which is the world’s largest cannabis company by market capitalisation, said it has finalised a sky-high cash transaction to buy the London-headquartered skincare firm. Read more: The green rush? [...]
Apple vows to be more open about iPhone performance after consumer law concerns May 22, 2019 Apple has pledged to be more transparent about the battery health and performance of its iPhones, the competition watchdog said today. The Competition and Markets Authority (CMA) said the US tech firm has vowed to be “clearer and more upfront” with iPhone users following concerns it might be breaching consumer law. Read more: Former Apple [...]
Chip designer Arm suspends business with Huawei after US trade ban May 22, 2019 British chip designer Arm will suspend business with Huawei to comply with new US trade restrictions, the BBC reported, citing internal company documents. In a memo sent to staff, Arm reportedly told employees to halt “all active contracts, support entitlements, and any pending engagements” with the troubled Chinese tech firm and its subsidiaries. Read more: EE [...]
UK productivity: Wandsworth is the most productive area in London May 22, 2019 Wandsworth has been crowned the most productive local area in the UK as London boroughs dominate the top 10, new figures have revealed. The Cisco Productivity Index showed the south London borough had a productivity level 65 per cent higher than its industrial benchmark. Read more: The secret to the productivity puzzle? Work fewer hours [...]
London’s status as headquarter hub threatened by immigration rules, report warns May 22, 2019 London’s status as a leading global destination for multinational headquarters could be under threat from new immigration laws and Brexit chaos, a new report has warned. Research carried out by think tank Centre for London showed the capital is the top-ranked destination globally for foreign direct investment into headquarters, attracting 591 projects between 2003 and [...]
Nokia could benefit from Huawei saga, says chief executive May 21, 2019 Nokia could benefit from the US crackdown on Huawei as global telecoms firms race to roll out 5G, the company’s chief executive has said. “Perhaps there is long term opportunity but more than that, it’s hard to say at this point,” Rajeev Suri told investors, according to Reuters. Read more: Huawei accuses US of bullying [...]
Ofcom expresses concern over reality TV after Jeremy Kyle Show death May 21, 2019 Ofcom has expressed concern about the treatment of reality TV stars, a week after ITV axed the Jeremy Kyle Show following the death of a contestant. Appearing in front of the Digital, Culture, Media and Sport Committee, Ofcom chief executive Sharon White said the regulator is “particularly concerned” about the duty of care broadcasters have [...]
