Business

YouTube to pay $170M fine after violating children’s privacy law

Google will pay $170 million to settle allegations its YouTube video service collected personal data on children without their parents’ consent. The company agreed to work with video creators to…

Read More Here

Facial recognition can be legally used by police forces in the UK

Facial recognition can be legally used by police forces in the UK, judges have ruled. As the world's first case against the controversial technology concluded, two leading judges dismissed the…

Read More Here

Survey indicates UK on track for recession within months

Britain's economy looks to be on track for its first recession since the financial crisis, as growth in the important services sector slows. The closely watched IHS Markit/CIPS UK Services…

Read More Here

New system in the UK to ensure safety of self-driving vehicles ahead of their sale

The UK’s position as a world leader in the safe testing and roll-out of self-driving vehicles has been further cemented by a new safety regime, called CAV PASS, being pioneered…

Read More Here

Schiphol hit by delays and cancellations due to KLM ground crews strike

More than 40 flights were delayed, and a dozen cancelled at Amsterdam’s Schiphol airport on Wednesday, as KLM ground crews went on strike. A spokesman for KLM, a subsidiary of…

Read More Here

Express Trailers Inaugurates New Learning Centre

Express Trailers has completed a new state-of-the-art learning centre for the training of its employees. The LOGIC Learning Centre located within Express Trailers’ premises, represents an investment in two interjoined…

Read More Here

Marks and Spencer expected to be expelled on Wednesday from the FTSE 100

Marks and Spencer, a bastion of the UK high street, is expected to be expelled on Wednesday from the FTSE 100, the group of the country's biggest listed companies. M&S'…

Read More Here

Gradual slowdown in Irish services growth continues in August

Ireland’s services sector last month grew at its slowest rate since January, a survey showed on Wednesday, as the impact of rising uncertainty around Brexit was evident across a number…

Read More Here

Facebook brings face recognition to all users

Facebook is opening its face recognition technology to all users with an option to opt out, the social media company said on Tuesday, as it discontinued a related feature called…

Read More Here

Pound falls to lowest levels in three weeks amid election speculation – UPDATED

The pound fell to the lowest level in three weeks amid mounting speculation that a general election is imminent. The pound has plunged below $1.20 for the first time in…

Read More Here

Revolut plans new base in Portugal, increase in headcount to strengthen customer service

Revolut plans to increase its employee headcount by almost a third in an effort to strengthen its customer service and compliance departments, hiring 400 staff at a new base in…

Read More Here

Argentina introduces currency control to prevent capital flight

Argentina slapped currency controls on businesses on Sunday to prevent capital flight after the peso lost more than a quarter of its value since primary elections last month, in its…

Read More Here

Haarlem in the Netherlands to tackle over-tourism

Haarlem is taking action to stop the city becoming a victim of its own success as a tourist destination, by focusing on ‘quality visitors’ and making sure the wishes of…

Read More Here

French air traffic control computer failure delays flights around Europe

Flights around Europe are facing delays because of problems affecting French air traffic control. Flights have been grounded and delayed due to a computer failure of air traffic control systems…

Read More Here

New round of US-China trade tariffs worth $200 billion takes effect

The United States and China levied additional tariffs on thousands of each other's goods on Sunday, with Beijing targeting US crude oil for the first time since the trade war began.…

Read More Here

Photo Story: Highlights of the MAKS 2019 outside Moscow

A series of photos of the highlights of the MAKS 2019 International Aviation and Space Salon in Zhukovsky outside Moscow, Russia. The airshow runs from 27 August to 01 September.…

Read More Here

Ryanair cancels few Spanish flights on first two days of September strikes

A series of planned strikes in the Spanish transportation system has prompted hundreds of cancellations by airlines Vueling and Ryanair, as well as the Renfe train network. The country’s Public…

Read More Here

No Deal Brexit fears lead to ‘exodus’ from UK equity funds

The Financial Times reports that more than US$4bn has been pulled from UK equity funds since Theresa May announced her decision to step down as Britain’s prime minister as fears…

Read More Here

Ryanair appoints new CEO

Ryanair has appointed veteran executive Eddie Wilson as chief executive of Ryanair’s main airlines business, but he will report to Michael O’Leary who will become CEO of the Ryanair Group.…

Read More Here

S&P says that Argentina has defaulted its debt

Argentina has defaulted on its debt, according to Standard & Poor’s, the rating agency, after it announced plans to delay payments on its $101bn of borrowings. The Financial Times reports…

Read More Here

Corporate and Financial News Roundup

Argentina has defaulted on its debt, according to Standard & Poor’s, the rating agency, after it announced plans to delay payments on its $101bn of borrowings. - Financial Times Lebanon’s central…

Read More Here

Corporate and Financial News Roundup

The seasonally adjusted monthly unemployment rate in July was 3.4%, the National Statistics Office said. It said that according to figures from the Labour Force Survey and Jobsplus, this was at…

Read More Here

Growing concern in the UK as police register dramatic increase in e-scooters incidents

Police across the UK revealed more than 1,600 incidents involving e-scooters, hoverboards and Segways have been reported since 2018. Sky News reports that road safety campaigners have voiced concerns after…

Read More Here

Lexus Sponsors First Solo Show By Lexus Design Award-Winning Studio Tangent At 2019 London Design Festival

Lexus is the proud sponsor of the first major solo exhibition by the London-based design engineering studio Tangent. Works by Tangent will be on public display on the Paddington Central…

Read More Here

Russia unveils competitor to Boeing and Airbus

Russia unveiled on Wednesday its new passenger plane MC-21, billed as a competitor to Boeing and Airbus even as the project is overshadowed by sanctions and setbacks with its predecessor,…

Read More Here

French police destroy virus that infected over 850,000 computers worldwide

A specialized team of French police dubbed has destroyed a virus know as, Retadup, that infected more than 850,000 computers worldwide. The network of infected computers, known as a botnet,…

Read More Here

Holiday firm Thomas Cook agrees key terms of rescue deal

Thomas Cook Group said on Wednesday it had agreed the key commercial terms of a rescue package with investor Fosun Tourism, its banks and a majority of its bondholders. The…

Read More Here

Pound falls on report Britain’s Queen could be asked to suspend parliament

Sterling fell on Wednesday after a BBC journalist said that Britain’s Queen Elizabeth could be asked as early as Wednesday to agree to suspend parliament. The pound, already trading lower…

Read More Here

Switzerland’s first crypto banks receive licences

The Swiss financial regulator has awarded banking and securities dealer licences to two new “crypto banks”. SEBA and Sygnum have been cleared to operate, a major milestone for the fledging…

Read More Here

The US, the EU, Iceland, and Norway Sign Agreement To Remove Time Constraints on Air Carrier Leases of Aircraft with Crew

The United States, the European Union, Iceland, and Norway signed an agreement to remove one-sided time constraints on U.S. air carrier leases of aircraft with crew in the lucrative U.S.-EU…

Read More Here

Facebook expands ‘Local Alert’ tool

Facebook announced on Tuesday that it was rolling out a tool that aims to provide users with potentially life-saving information in emergencies, as it seeks to improve its public image…

Read More Here

Corporate & Financial News Update

Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China following positive comments by Beijing, calming concerns raised by an earlier round of tit-for-tat…

Read More Here

Johnson & Johnson fined US$ 572 million in relation to US opioid crisis

An Oklahoma judge on Monday found Johnson & Johnson and its subsidiaries helped fuel the state's opioid crisis and ordered the consumer products giant to pay $572 million to clean…

Read More Here

Huawei in talks with Russia to provide OS system to use for country’s census

China’s Huawei has begun talks with Russia about installing Russian operating system (OS) Aurora on 360,000 of its tablets to conduct Russia’s population census next year, two sources told Reuters.…

Read More Here

Photo Story: Plane to be used as artificial diving site in Jordan

A Lockheed L-1011 Tristar is submerged into the waters of the Red Sea to create an artificial diving site, in Aqaba, Jordan, 26 August 2019. The sunken plane belonged to…

Read More Here

Trump says US and China to resume trade talks

President Donald Trump has said the US and China will "very shortly" resume trade talks after a weekend of escalating tension with Beijing. "China called last night... said let's get…

Read More Here

Corporate and Financial News Update

The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump predicting a deal after markets fell in…

Read More Here

The Night Eagle has landed

The Night Eagle has landed on the latest Jeep Renegade and Compass models. With the addition of black accents to this well specified model, this new trim level delivers a…

Read More Here

Costa Coffee UK accused of treating workers inhumanly

The BBC reports that Costa Coffee workers have made numerous claims alleging poor working conditions across 29 franchise stores. The BBC has spoken to 26 employees of Costa Coffee franchise stores managed…

Read More Here

Iberia ground handling staff on strike at Barcelona-El Prat Airport

A view of several Spanish airline Vueling's planes are seen parked during the second day of the strike called by Spanish Iberia ground handling staff at Barcelona-El Prat Airport, El…

Read More Here

Photo Story: The Rally of Germany 2019

Daniel Sordo of Spain drives his Hyundai i20 WRC during day 3 of the Rallye Germany 2019 or the ADAC Rallye Deutschland 2019, in Bostalsee, Germany This rally was first held…

Read More Here

Microsoft to build data centre in Malmo

Microsoft has struck a deal to build data centers powered entirely by renewable energy in in Staffanstorp outside Malmo in Sweden. It is the third land investment Microsoft has made…

Read More Here

Ryanair closing four Spanish bases

Ryanair announced it is closing four of its bases in Spain, a move a Spanish union said would result in more than 500 job losses. The effected bases are of…

Read More Here

Shots fired at tourist bus in Petra, Jordan

The Jordanian authorities insisted that no tourists were wounded when tourist bus came under fire in Petra. Petra Chief Commissioner Sulaiman Farajat told The Jordan Times that the vehicle was…

Read More Here

All major UK airports to introduce 3D baggage screening

All major UK airports must introduce 3D baggage screening equipment before the end of 2022, the government says. Announcing the new plans, Prime Minister Boris Johnson said the scanners would…

Read More Here

Will Germany ditch the Balanced-Budget pledge? – FT

Any other country that had run a budget surplus for the last five years and was now facing a recession would have a clear response. Indeed, the pressure on policymakers…

Read More Here

Google warns workers to tone down political rhetoric at work

Google has warned its workers to tone down the divisive political debate and ideological feuding that have caused severe ructions at the technology company — or risk seeing tighter controls…

Read More Here

Guernsey property development vehicle to acquire Moldova’s sole airport operator

Guernsey based property development vehicle, NR Investments Ltd, has agreed to acquire a 95% stake in Avia Invest, operator of Moldova's Chisinau International Airport. Chisinau is the largest and sole…

Read More Here

Ireland to try block Mercosur trade deal because of concerns over Amazon fires

As wildfires rage through the Brazilian Amazon, Irish Prime Minister Leo Varadkar has said Dublin will vote against a trade deal between the European Union and South American trade bloc…

Read More Here

Leading fashion companies to make G7 pledge to help environment

Major fashion companies from around the world said on Friday they had signed a pact which they would present at this week’s G7 summit in Biarritz, France, to help protect…

Read More Here

Midday Dispatch – Corporate and Financial News

Read More Here

Switzerland adopts EU laws on drones and post-Brexit aviation

Switzerland has taken over a EU security framework laying out new rules for drones and guarantees the continuation of aviation activities between Bern and London after Brexit. The Swiss Federal…

Read More Here

Hasbro to buy Peppa Pig for $4bn

US toy maker Hasbro will acquire Peppa Pig owner Entertainment One for around $4 billion, the firms said in a statement. Hasbro said the deal would expand its entertainment and…

Read More Here

Bank warns Hong Kong protests will hit economy

The Hong Kong-based Bank of East Asia Ltd (BEA) has warned that weeks of protests in Hong Kong could hit the economies of the Chinese-ruled city and mainland China itself…

Read More Here

Qantas to test 19-hour flights to New York

Qantas will run test services of its planned 19-hour flights to determine whether passengers and crew can withstand the marathon journeys. The airline wants to operate non-stop services from Sydney…

Read More Here

Ryanair passengers face disruption as UK strike starts, Irish strike averted

Thousands of Ryanair passengers could face disruption as a two-day strike by UK pilots gets under way. On Wednesday, the airline lost a legal challenge in the High Court to…

Read More Here

IMF recommends scrapping age limit for Georgieva

The International Monetary Fund (IMF) said its executive board recommended the removal of the age limit for its managing director, a move needed for European nominee, the Bulgarian Kristalina…

Read More Here