What the other papers say this morning February 10, 2013 FINANCIAL TIMES Brussels fights US data privacy push Europe’s most senior justice official, Viviane Reding, is adamant she will fight US attempts to water down a proposed EU data protection and privacy law that would force global technology companies to obey European standards across the world. Smaller banks say rules hit lending Homeowners and small [...]
Five die in Thomson Majesty drill February 10, 2013 Five crew members died in an emergency drill on a cruise ship in the Canary Islands yesterday, police and the cruise ship operator said. Cables snapped on a lifeboat and it dropped 20 metres (65 feet) to the ocean and fell upside down, killing the five and injuring three others aboard, during the mock rescue [...]
Royal Dutch Shell amends rules February 10, 2013 Royal Dutch Shell has unilaterally amended the rules of one of the important components of the North Sea Brent market, which sets the basis of billions of dollars of oil trade worldwide in an effort to support trading liquidity. Shell said it would alter its SUKO 90 terms which govern how forward BFOE (Brent, Forties, [...]
Apple developing smart watch February 10, 2013 Apple is developing a smart watch that would run on its iOS platform, according to various reports over the weekend. A blog on the New York Times claimed that Apple is working on a prototype of a curved glass wristwatch, and though few details exist as to which functions of a smartphone the watch might [...]
Pension rules hurt firms and savers, MPs say February 10, 2013 A GROUP of MPs will today call for the government to lift restrictions on a low-cost pension scheme, arguing it will create extra work for businesses and prevent employees from maximising the return on their savings. Dame Anne Begg MP said a failure to lift the current limit on contributions to the National Employment Savings [...]
Romanian firms face lawsuit over 100 per cent horse lasagne February 10, 2013 THE SCANDINAVIAN arm of frozen food giant Findus yesterday said it would sue one of its suppliers after one of its beef lasagnes was found to contain 100 per cent horse meat, unleashing a wave of lawsuits over the growing scandal. Environment secretary Owen Paterson said the substitution of horse meat for beef was “either [...]
Independent Scotland could lose membership of EU and UN February 10, 2013 AN INDEPENDENT Scotland would have to reapply to be a member of major world organisations such as the European Union and the United Nations, according to government legal advice published today. Meanwhile a rival report from the Scottish National Party (SNP), also issued today, says the country should keep sterling as its currency post-independence, even [...]
Research says basis for booze floor is wobbly February 10, 2013 THE DRINKS industry has squared up to the government over a price floor for alcohol, after a study commissioned by a trade body suggested that figures used by the government in setting the policy are slightly squiffy. The average amount of alcohol consumed per person in the UK has fallen by around 12.6 per cent [...]
Bumi chairman calls in City cops over alleged hacking incident February 10, 2013 BOTH sides in the boardroom dispute at Indonesian miner Bumi have separately lodged formal complaints with criminal authorities in London over alleged computer hacking offences. Bumi’s billionaire chairman Samin Tan is understood to have passed a report from a security review team into alleged hacking to the City of London Police, Serious Fraud Office and [...]
Barclays’ tax avoidance unit to close down February 10, 2013 BARCLAYS will tomorrow announce it is shutting down its controversial tax avoidance units as part of a major drive to clean up its operations and its image after a series of scandals. Antony Jenkins became chief executive after Bob Diamond stood down in the wake of the Libor scandal, and tomorrow unveils his plans to [...]
