Facebook documents: Four things we learned from 250 pages of confidential emails December 5, 2018 Parliament today published a tranche of confidential Facebook documents it seized as part of an inquiry into fake news. The release of nearly 250 pages of internal documents, seized from a tech firm suing the tech giant, includes emails sent between chief executive Mark Zuckerberg and COO Sheryl Sandberg. Damian Collins, chair of the Digital, [...]
Watchdog to launch in-depth probe into Paypal’s iZettle takeover December 5, 2018 The UK’s competition watchdog plans to launch an in-depth investigation into PayPal’s takeover of iZettle amid fears it could drive up prices for customers. The Competition and Markets Authority (CMA) said it is concerned the deal could negatively impact future competition for mobile payment services, which it said could result in higher prices or lower quality service [...]
BT blocks Huawei hardware from use in 5G network amid global security concerns December 5, 2018 BT has barred Huawei’s equipment from being used in its core 5G mobile network when it goes online in the UK, the company has confirmed, amid security concerns. The British company also confirmed it is removing Huawei’s hardware from use in its existing 3G and 4G networks, first revealed by the Financial Times this morning. BT bought [...]
Deliveroo riders defeated in High Court battle over collective bargaining rights December 5, 2018 A union acting for a group of Deliveroo riders was defeated today in a High Court fight over whether the delivery firm’s drivers were entitled to collective bargaining rights. In a key decision on the future of the gig economy the court ruled that Deliveroo riders are self-employed and therefore would not be allowed to collectively [...]
Zopa to launch digital banking service, becoming latest group to take the fight to traditional high street banks December 4, 2018 Peer-to-peer lender Zopa is to follow through on continued hints that it would launch a bank, this morning announcing that it had acquired a license to do so. The company said it will roll out a range of new banking products next year, including fixed term savings accounts, credit cards and a money management app, [...]
How the UK can work with Japan to make the world a safer and more stable place December 4, 2018 The language of diplomacy can sometimes be very general. Diplomats and politicians invoke the idea of “partnerships” and “strong bilateral relations” without making clear to their citizens why they matter or what the benefits might be. Talk about trading opportunities gives a sense of something practical emerging from these sorts of relationship, but trade and investment is just [...]
AI could be the answer to the four-day week December 4, 2018 Britons are under more pressure at work now than at any other time in the past 25 years. Leaders from the TUC to the shadow chancellor are calling on a four-day working week as the answer. While some businesses have welcomed the idea with open arms, many are still fearful of the impact of reduced [...]
Tencent music arm makes its move on delayed IPO set to raise up to $1.23bn December 3, 2018 Tech giant Tencent Holdings’ music subsidiary has moved forward on a New York Stock Exchange initial public offering (IPO) of up to $1.23bn (£1bn) today. Tencent Music Entertainment is hoping to raise between $1.07bn and $1.23bn, according to a US Securities and Exchange Commission filing, in a delayed offering that was originally planned to launch in [...]
Data literacy is a win-win for businesses and employees December 3, 2018 As the Fourth Industrial Revolution accelerates, in which data and automation are pervasive elements, debates around the impact these technologies will have on our working lives are widespread across the media, academic circles and the government. However, nowhere have these changes sparked more action than in the business world. With uncertainty around Brexit and the [...]
GDPR is now six months old. So where are all the blockbuster fines for data breaches? December 3, 2018 It has been six months since the European Union’s sparkly new privacy rules, the General Data Protection Regulation (GDPR), finally came into effect. There was a flurry of activity in the run-up on 25 May as people received dozens (if not hundreds) of emails from businesses asking for consent to retain their data. But since [...]
