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  • Investors balk at Slack’s earnings debut on Wall St

    September 4, 2019

    Shares of workplace technology giant Slack fell more than 15 per cent in after-hours trading tonight, following the company’s first set of quarterly results published since its markets debut in June. Slack, which is the creator of its eponymous workplace messaging app, said it had suffered a significant impact on its revenue due to the [...]

  • Hong Kong leader Carrie Lam expected to withdraw controversial extradition bill

    September 4, 2019

    Hong Kong’s chief executive, Carrie Lam, is reportedly set to announce the withdrawal of a controversial extradition bill that sparked three months of protests in the territory. The South China Morning Post reported that Lam would announce the formal withdrawal of the proposed bill later on Wednesday, citing unnamed sources. Other local media outlets also [...]

  • Allen & Overy’s US merger talks with O’Melveny & Myers collapse

    September 2, 2019

    Magic Circle firm Allen & Overy’s longrunning merger talks with US firm O’Melveny & Myers have collapsed, the firm said today. In a statement, the firm said:  “Allen & Overy and O’Melveny & Myers have held discussions about a possible combination and, despite agreeing that there were some compelling synergies between us and that it [...]

  • Dechra Pharmaceuticals hikes dividend but braces itself for no-deal Brexit

    September 2, 2019

    Veterinary drugs maker Dechra Pharmaceuticals has steeled itself for a possible no-deal Brexit by shifting ownership of UK marketing authorisations to a new arm in the Netherlands. Dechra has also moved all its analytical testing methods for products created at its Skipton site in the UK to a new laboratory in Zagreb, Croatia as well [...]

  • How to limit reputational damage after a data breach

    August 29, 2019

    The General Data Protection Regulation (GDPR) has been with us for over a year. It was greeted with a tremendous fuss, with the threat of fines running into the millions. Organisations ran around like headless chickens while their lawyers drafted privacy notices and policies, and proffered advice on what to do about breaches. The Information [...]

  • IBM and Vodafone’s $550m joint venture secures first deal

    August 28, 2019

    IBM and Vodafone’s $550m partnership has signed its first contract, an eight-year partnership with National Express. The deal is intended to ensure that the UK-based leading transport provider can “adapt to today’s digitally savvy customers”. IBM and Vodafone joined forces in January of this year, bringing together their respective strengths in connectivity and hybrid cloud [...]

  • Hong Kong protests: Police use tear gas to disperse crowds after petrol bombs thrown

    August 24, 2019

    Hong Kong police have fired tear gas to break-up protests against the government on Saturday after activists there petrol bombs and bricks. Four MTR subway stations have been closed around a densely populated area of east Hong Kong called Kwun Tong, as thousands packed the streets to protest. Read more: HSBC urges peace amid Hong [...]

  • Sheffield Hallam MP Jared O’Mara arrested – reports

    August 23, 2019

    The MP for Sheffield Hallam, Jared O’Mara, was arrested last week on suspicion of fraud, according to reports. Police raided his constituency office, taking documents and computers last Friday, the Mirror and the BBC wrote. Read more: Who the heck is Nick Clegg? Seven facts about Facebook’s new spin chief The MPs office manager Gareth [...]

  • BoE advisor Huw van Steenis appointed UBS’s sustainable finance chief

    August 23, 2019

    UBS has appointed Bank of England adviser and former investment banker Huw van Steenis to chair its new sustainable finance committee and take charge of investor relations. Read more: BoE’s Mark Carney cautiously welcomes Facebook’s new currency Libra Van Steenis was appointed as a senior adviser to BoE governor Mark Carney in May 2018, and [...]

  • EU considers giving citizens explicit rights over facial recognition data

    August 22, 2019

    The European Commission is considering introducing strict regulations governing the use of facial recognition technology that would give EU citizens explicit rights over the use of their facial recognition data.  The Commission’s plans, which were first reported in the Financial Times, would be part of a wider overhaul into how the EU regulates artificial intelligence [...]

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