Facebook fails to address ad boycott concerns at ‘disappointing’ summit July 8, 2020 Organisers of an advertising boycott against Facebook called a meeting it held with the firm’s executive team “disappointing”, as companies seek to pressure the tech giant into addressing hate speech on the platform. The groups, which includes the Anti-Defamation League (ADL), Free Press, Color of Change and the NAACP, said they saw “no commitment to [...]
How systemic risk is shaking the market’s foundations July 8, 2020 Adversity, like necessity, is the mother of invention. Firms are seeking novel ways to adapt to the challenges of Covid-19 and the likely increase of remote working even after the pandemic subsides. Some problems are easier to solve than others. In the easier category, new solutions are needed to replicate the spontaneous interactions that arise [...]
Rishi Sunak reveals £2bn unemployment scheme to create hundreds of thousands of jobs July 7, 2020 The government will subsidise hundreds of thousands of new jobs for unemployed young Britons as a part of a new £2bn coronavirus support package. Chancellor Rishi Sunak will announce the launch of the Kickstart Scheme in his summer economic statement tomorrow, which will see the government subsidise jobs for 16 to 24-year-olds receiving Universal Credit [...]
Egypt and Morocco capital markets attract growing international recognition July 7, 2020 Heidi Raubenheimer, PhD, CFA, is head of Journal publications at CFA Institute. Experienced Board Member with a PhD focused in Business Management and Administration from University of Stellenbosch. CFA Institute has examined Africa’s 10 largest capital markets in a major report compiled by Heidi Raubenheimer, CFA, our senior director for journal publications. Here we highlight key [...]
Magnitsky Act: Dominic Raab unveils first foreign citizens facing visa restrictions July 6, 2020 Foreign secretary Dominic Raab has unveiled the first 49 foreign citizens facing sanctions for alleged human rights abuses under the UK’s new Magnitsky Act. Speaking in the Commons today, the foreign secretary said the UK was taking action against the “thugs of despots and henchmen of dictators” and those trying to launder their “blood-stained ill-gotten [...]
‘Serious concerns’ raised over government’s export credit agency July 6, 2020 The government’s export credit agency could be “cutting corners” as it races to finance the post-coronavirus and post-Brexit trade drive, raising “serious concerns” about the UK’s future trading relations, according to a new report. A report released today by anti-corruption campaign group Spotlight on Corruption found that UK Export Finance (UKEF), the UK’s export credit [...]
Hong Kong man charged with terrorism in first use of new security law July 3, 2020 A man carrying a sign reading “Liberate Hong Kong” as he drove a motorbike into police at a protest has become the first person charged with inciting separatism and terrorism under a new security law. Beijing imposed the legislation on the former British colony earlier this week despite protests from Hong Kongers and Western nations, [...]
‘Liberate Hong Kong, revolution of our times’ slogan deemed illegal July 3, 2020 The popular protest slogan “Liberate Hong Kong, revolution of our times” has been deemed illegal by the city’s government. Hong Kong has said the slogan is separatist, becoming a crime covered under the new national security law imposed by Beijing. The saying is plastered over placards at rallies, clothes and accessories and written on post-it [...]
Cracked encryption app leads to hundreds of arrests July 2, 2020 Efforts by police to crack an encrypted messaging app used by criminals has led to the arrests of “iconic” figures of the British underworld. The National Crime Agency (NCA) today said it had “successfully penetrated” Encrochat, a secure smartphone instant messaging app that was used by criminals to coordinate their activities. The move has allowed [...]
Why is linking Israel to George Floyd’s murder an antisemitic conspiracy theory? July 2, 2020 Last week, shadow education secretary Rebecca Long-Bailey tweeted public support for a newspaper interview given by the actor Maxine Peake. The article, in which Peake said that anyone who couldn’t vote for Labour because of Jeremy Corbyn had “voted Tory”, included this line: “The tactics used by the police in America, kneeling on George Floyd’s [...]