Amazon shares sink as EU hands down record €746m EU data privacy fine July 30, 2021 Amazon has been hit with a record €746m (£635m) fine for breaking EU rules over how it processed customers’ personal data, the tech giant disclosed today. In a regulatory filing Amazon said the Luxembourg National Commission for Data Protection (CNPD) had issued the ruling against it for breaches of EU data protection rules on 16 [...]
Wall Street dragged down by sinking Amazon shares July 30, 2021 US stocks fell sharply on Friday morning driven by shares in Amazon sinking after the EU slapped the firm with a record fine. The blue-chip S&P 500 dropped 0.51 per cent, while the Dow Jones and the Nasdaq 0.36 per cent and 0.66 per cent respectively. Shares in Amazon sunk as much as 7.1 per [...]
Housing fraud trial: Labour MP Apsana Begum found not guilty July 30, 2021 Jurors today found Apsana Begum, Labour MP for Poplar and Limehouse, not guilty of three charges of dishonestly failing to disclose information relating to her social housing application. Ms Begum, 31, had been accused of withholding her true living conditions from Tower Hamlets council officials in an attempt to secure a social housing flat. The [...]
The unforeseen reputational risks of NFTs and how to avoid them July 30, 2021 A look at the risks everyone should be aware of when entering the fledgling NFT market.
One of two men charged for assaulting Chris Whitty pleads guilty July 30, 2021 One half of a duo that was caught on video in an incident involving England’s chief medical officer (CMO) Chris Whitty has pleaded guilty to assault in court. Lewis Hughes, 24, today pleaded guilty to assault at Westminster Magistrates’ Court in London. It comes after Hughes was charged with common assault at the beginning of [...]
Pound on track for best week since December July 30, 2021 Pound sterling hovered near a one-month high against the dollar on Friday and was set to register its strongest week since December 2020. The reopening of the UK economy has fuelled consumer spending, while a drop in Covid cases over the last week has improved investor sentiment. Read more: Euro 2020 pushes retail sales above [...]
Sports Direct owner Frasers Group set for ‘upbeat’ update after reopening stores July 30, 2021 An “upbeat” trading update is reportedly expected from Mike Ashley’s Frasers Group, which owns Sports Direct, in the hope that the reopening of high street stores have pushed up sales The retail giant was more cautious in its outlook in April despite the reopening of retailers across the UK. It warned it could take a [...]
Jupiter Fund Management’s assets break another record as outflows accelerate July 30, 2021 British fund manager Jupiter reported a rise in interim profit, record inflows and assets under management, offsetting a jump in outflows from the year earlier. Assets under management finished the six months to June 30 at £60.3bn on June 30, exceeding the £60bn mark for the first time and jumping 54 per cent from £39.2bn [...]
Occam receives strategic investment from Cardano early-stage VC fund July 30, 2021 Cardano's innovation fund has announced a strategic early-stage investment into the Occam.fi ecosystem.
Bumble offers employees unlimited paid leave – as long as the work gets done July 30, 2021 Dating app Bumble has said its employees can take unlimited paid leave providing their manager approves it. It is understood that the app, which employs some 700 people, will allow time off so long as the work is still completed. The policy move follows the firm’s decision to shut down its office for a week [...]
