UK-US travel slump set to cost British economy £11bn September 21, 2020 The government is facing mounting pressure to roll out large scale coronavirus testing at airports after new research showed reduced travel between the UK and US could cost the British economy upwards of £11bn this year. A new report commissioned by Heathrow Airport, Airlines UK, British Airways owner International Airlines Group (IAG) and aviation services [...]
Businesses voluntarily return £215m in furlough cash September 21, 2020 UK firms have voluntarily returned more than £215m of furlough money to the government either because they did not need it or they took it in error. HM Revenue & Customs (HMRC) figures released today showed that 80,433 employers have so far returned furlough cash totalling more than £215m handed to them to cover staff [...]
Second local lockdown could cost London more than £2bn September 21, 2020 London could face annual costs of more than £2bn if fresh curfew measures are implemented in the capital, according to a new report. Leading think tank the Centre for Economics and Business Research (CEBR) today warned that 10pm curfews introduced elsewhere in the UK could reverse the country’s economic recovery if slapped on London venues. [...]
Rail franchising ‘ended’ as government extends emergency support September 21, 2020 Ministers today announced the end of rail franchising after 24 years by extending support measures introduced in the wake of the coronavirus pandemic. The Department for Transport (DfT) today announced a wide scale shake-up to the UK’s rail network in a bid to create a “simpler and more effective structure” over the coming months. Train [...]
Tory MPs in China Research Group targeted by phishing attacks August 6, 2020 Cybersecurity experts have slammed Parliament’s online security training as “appalling” after members of the Sino-sceptic China Research Group of Conservative MPs have been targeted by phishing attacks. China Research Group Tom Tugendhat, chair of the Foreign Affairs Select Committee and co–founder of the China Research Group, last week revealed he believed Chinese state-sponsored hackers were [...]
Pompeo pushes to ban Tiktok, Wechat and other ‘untrusted’ Chinese apps August 6, 2020 The Trump administration is pushing to purge “untrusted” Chinese apps including Tiktok and Wechat from US app stores, amid increasing tensions across the Pacific. US secretary of state Mike Pompeo yesterday signalled that the US may soon order Apple and Google to remove certain Chinese apps over national security concerns. Pompeo said apps linked to [...]
Wirecard business partner reported dead in Philippines amid investigation August 6, 2020 A German businessman responsible for one of Wirecard’s biggest sources of profit has been reported dead in the Philippines amid ongoing investigations into his involvement with the disgraced payments firm’s collapse in June. Filipino authorities are seeking to confirm whether a recently registered death was that of former Wirecard executive Christopher Bauer, one of several [...]
Government wasted £150m on unusable face masks bought from banker August 6, 2020 The government is facing calls to investigate its procurement of personal protective equipment (PPE) during the pandemic, after it emerged ministers spent at least £150m on unusable face masks from a family investment firm. The face masks, which were part of a £252m government contract with investment firm Ayanda Capital signed in April, were deemed [...]
Twitter hack bail hearing ‘Zoombombed’ with porn August 6, 2020 A virtual bail hearing for the American teenager accused of hacking Twitter in a high-profile bitcoin scam last month was interrupted by participants “Zoombombing” the court with pornography. Graham Ivan Clark, the 17-year-old from Florida who is accused of masterminding the biggest Twitter hack in history, appeared in court via Zoom yesterday to appeal his [...]
ITV profit halves during pandemic amid ‘most challenging period in history’ August 6, 2020 ITV has reported a 50 per cent slump in earnings for the six months to 30 June, as the public service broadcaster warned of the “significant impact” of the pandemic, which it said presented “one of the most challenging times in the history of ITV”. The results Adjusted earnings before tax, amortization and depreciation (Ebitda) [...]
