Artificial Intelligence: UK’s Supreme Court to rule on letting robots patent inventions September 4, 2022 The UK’s highest court is set to decide whether artificial intelligence (AI) robots should be allowed to patent their own inventions. Britain’s Supreme Court has agreed to hear a computer scientist’s bid to list his AI machine as the sole inventor of two separate products, in an application to the UK’s patent office. The Supreme [...]
Bain & Co to challenge UK government’s ban via judicial review September 4, 2022 Bain & Co is set to challenge the Cabinet Office’s decision to ban it from competing for government contracts, via a judicial review. The US consultancy has applied for a judicial review of the Cabinet Office’s decision last month to ban the firm from tendering for UK government work, the Financial Times reported. The UK [...]
Accenture snaps up Carbon Intelligence in fifth ESG focused acquisition this year September 4, 2022 Accenture has snapped up London headquartered ESG consultancy Carbon Intelligence, in its fifth sustainability-focused acquisition this year. The acquisition, for an undisclosed sum, will see Carbon Intelligence’s 160 consultants join the New York listed IT consultancy’s more than 700,000 strong workforce. Founded in 2011, Carbon Intelligence helps clients calculate their carbon footprints and sells advice [...]
City Exclusive – SFO’s ‘unique skillset’ will be needed to tackle UK’s worsening fraud epidemic, Lisa Osofsky says September 2, 2022 The director of the UK’s Serious Fraud Office (SFO) has said the agency’s skillset will be needed to combat the mounting levels of increasingly complex and high-value frauds facing the UK’s court system. The letter comes in response to reports in this paper showing the number of fraud cases reaching the UK Crown Courts dropped [...]
UK’s review of remote working holidays sparks tax crackdown fears September 1, 2022 The UK’s Office for Tax Simplification (OTS) has opened a review into those who work abroad remotely, in a sign the government may soon begin to crack down on remote working holidays. The OTS has begun collecting data on people who work for UK companies from abroad, following a major uptick in the numbers of [...]
Art dealers and letting agents drive uptick in anti-money laundering registrations September 1, 2022 Art dealers, letting agents, and estate agents are driving an uptick in the number of UK businesses registering for anti-money laundering (AML) supervision with HMRC. The total number of businesses signing up to HMRC’s AML register increased 0.9 per cent from the financial year 2020-21 to 2021-22, analysis of public available data by AML verification [...]
Meta accused of breaching workers rights over union rep cleaner’s dismissal September 1, 2022 Meta has been accused by Amnesty International of breaching workers’ rights over claims a Bolivian cleaner working at its London offices was fired for being a union rep. The Facebook owner is set to face a protest outside its Brock Street offices on Friday ahead of the start of an unfair dismissal tribunal on Wednesday [...]
EY’s talks on potential split to continue into Autumn September 1, 2022 EY’s talks on whether to separate its audit segment from its consulting arm are set to continue into this Autumn – despite initial suggestions the Big Four firm could reach a decision by the end of summer. The accounting firm’s internal negotiations over plans to split out its advisory business, in an effort to free [...]
Liz Truss or Rishi Sunak to face Whitehall strike on first day as prime minister September 1, 2022 The next prime minister will be forced to face strike action in Whitehall on their first day in office, the public sector workers’ union has warned. Either Liz Truss or Rishi Sunak will face industrial action on the part of Whitehall workers, after members of the Public and Commercial Services (PCS) union voted strike. The [...]
KPMG shakes up UK executive committee in line with £300m growth strategy September 1, 2022 KPMG today set out plans to shake up its UK executive committee in line with efforts to bolster high-growth areas of its business by investing £300m over the next three years. The executive reshuffle will see KPMG’s chief financial officer Chris Hearld take the reins from current chief operating officer Tim Jones from 1 October. [...]
