Coronavirus: Facebook blames pandemic for fall in child abuse moderation August 12, 2020 Facebook has admitted that its efforts to remove child abuse and self-harm images from its platform have been hampered by the coronavirus outbreak. The tech giant said it took action against considerably less material on Facebook and Instagram in the second quarter because it had fewer content moderators working during the pandemic. Facebook removed just [...]
Gold price bounces back after steep sell-off August 12, 2020 The price of gold rebounded this afternoon to £1,485 an ounce after its steepest sell-off in seven years. Spot gold rebounded today after its steepest decline in seven years on Tuesday, with the price rising from a low of £1,438.65 during a turbulent Asian trading session to just shy of £1,486 at the time of [...]
Major incident declared over Scotland train derailment August 12, 2020 A number of people were seriously injured in a passenger train derailment this morning in Scotland, first minister Nicola Sturgeon said, as she declared a major incident. A Scotrail train derailed near Stonehaven in Scotland, just south of Aberdeen, following heavy rain overnight. Twelve people — six passengers and six staff — were on board the four-carriage train. PA [...]
Tui agrees €1.2bn rescue package with German government August 12, 2020 Holiday firm Tui has agreed a €1.2bn (£1.1bn) rescue deal with the German government to give it the cash it needs to keep trading during the coronavirus pandemic. The virus has decimated the holiday market, with widespread travel restrictions and grounded airlines leading to an unprecedented collapse in demand. The majority of the funding will [...]
Coronavirus: Natwest to slash 500 jobs and shut London office August 12, 2020 Natwest today said it will cut at least 500 jobs across its retail business and shutter one of its London offices as it battles to cut costs during the Covid-19 crisis. The bank said it will carry out a voluntary redundancy plan affecting 550 roles in its branches and premier banking service. It will also [...]
Parties lead Germany to biggest spike in coronavirus cases in three months August 12, 2020 Germany today reported its largest daily spike in new cases of coronavirus in more than three months, as authorities blamed people returning from holiday and boozy parties across the country. The number of confirmed coronavirus cases in Germany rose by 1,226 to 218,519 today, data from the Robert Koch Institute (RKI) showed — marking the [...]
Shakespeare: Zara’s customers return as consumers regain confidence August 12, 2020 The real estate arm of high street fashion retailer Zara, Pontegadea, was this week accused of “bullying tactics” to deny rent reduction requests from other high street stores in the UK. An anonymous retail chain reported that Zara’s investment company has tried to add an extra year to one retail chain’s lease for every month [...]
M&G profit crashes as retail investors pull funds August 12, 2020 M&G today posted a sharp fall in first-half profit after retail investors rushed to withdraw funds during the coronavirus crisis and it counted the costs of its demerger. The insurer and asset manager saw its adjusted pre-tax profit slump 59 per cent to £309m in the six months to the end of June, though this [...]
Brand Veep: Kamala Harris could be exactly what Biden needs to secure the White House August 12, 2020 Joe Biden has pulled away from Donald Trump and is now the favourite to win the US presidential election in November, leading nationally by around eight percentage points in most polls. While we are still almost three months away from polling day in possibly the most unpredictable of election years (and we should all remember [...]
France on the verge of being added to UK quarantine list August 12, 2020 High-ranking members of the government will today discuss whether to add France to the UK’s travel quarantine list as soon as next week. France has seen increasing rates of coronavirus in recent weeks, prompting speculation that it could join Belgium and Spain on the quarantine list. Recently published figures show that France had 4,854 new [...]
