Yahoo hit by £250,000 fine from UK watchdog over Russian data breach June 12, 2018 Yahoo has been served a fine by the Information Commissioner’s Office (ICO) for £250,000, after a Russian cyber attack in 2014 left the data of some 500m users at risk. The watchdog argued that the worldwide data breach left Yahoo in violation of the Data Protection Act 1998, with around 500,000 British account holders affected [...]
One in five EU consumers have shopped using a voice assistant like Apple’s Siri or Amazon’s Alexa June 4, 2018 While 87 per cent of US consumers are aware of voice and text aides, the European Union is miles ahead on adopting new technology from the likes of Apple, Amazon and Microsoft to carry out their daily buying needs. According to research carried out by Mastercard, 21 per cent of consumers in the EU have [...]
Potash fertiliser producer Emmerson lists on London Stock Exchange June 4, 2018 A company looking to produce a fertiliser called potash listed on the main market of the London Stock Exchange today after raising around £6m in a significantly oversubscribed placing. Emmerson Plc, which has attracted high-net worth investors including billionaire Scot and Stagecoach founder Ann Gloag, said it had acquired a potash project in Morocco which [...]
Brexit breakthrough: Cabinet ministers poised to back modified max fac customs option as Irish border solution breaks Brexit deadlock June 1, 2018 Ministers charged with determining the UK’s position on post-Brexit customs are poised to argue for a modified version of the “max fac” option, after making a breakthrough on the Irish border issue, City A.M. understands. For nearly a month, Cabinet ministers have been analysing the two options – the new customs partnership, or NCP, initially [...]
Exclusive: Cabinet ministers poised to back max fac customs option as Irish border solution breaks Brexit deadlock May 31, 2018 Ministers charged with determining the UK’s position on post-Brexit customs are poised to argue for a modified version of the “max fac” option, after making a breakthrough on the Irish border issue, City A.M. understands. For nearly a month, Cabinet ministers have been analysing the two options – the new customs partnership, or NCP, initially [...]
End of the Roman empire? Abramovich, visas and the sudden halt of Chelsea’s £1bn stadium project May 31, 2018 Roman Abramovich has transformed Chelsea from financially stricken also-rans to serial winners and global behemoth since buying the west London club from Ken Bates in a £140m deal 15 years ago. But questions about the Russian billionaire’s future as owner have resurfaced after the Blues called an abrupt halt to their plans to redevelop their [...]
More turmoil for gold miner Petropavlovsk as it ousts board member May 31, 2018 London-listed Russian gold miner Petropavlovsk is ousting one of its board members as a part of an ongoing struggle over the future leadership of the company. The company announced today that it is serving notice on board member Bektas Mukazhanov. Mukazhanov, who was only appointed in February, is an investment adviser at Cyprus-based Fincraft Holdings. [...]
Brexit in the balance | City A.M. May 31, 2018 The Brexit negotiations are stuck in a stalemate. The EU is playing hardball on everything from the UK’s participation in the Galileo satellite navigation programme and the European Arrest Warrant to the Irish border issue. It scents weakness. Confusion and chaos reign in the UK government, where internal disagreements over Brexit have become paralysing. Read [...]
Exclusive: Putin critic Bill Browder blasts UK over arrest May 30, 2018 Financier and anti-Kremlin campaigner Bill Browder has accused the UK government of failing to protect him after he was arrested in Spain yesterday morning. The Hermitage Capital founder, who was detained in Madrid under a Russian Interpol arrest warrant, told City A.M. Russia was using the system “to track down enemies of the Putin regime”. He added: [...]
Yandex amps up its premium offering with new smart speaker launch and subscription service May 29, 2018 Yandex, also colloquially known as Russia’s answer to Amazon and Google, has today launched a smart speaker and a corresponding premium subscription service, alongside a range of expansions to its artificial intelligence (AI) ecosystem and intelligent assistant Alice. Known as Yandex.Station, the 9,990 roubles (£120) smart speaker is both Yandex’s first hardware product and the [...]