Private equity owner of NSO Group pledges privacy crack down after Whatsapp hack May 15, 2019 Novalpina Capital, which owns a large stake in Israeli spyware firm NSO Group – whose technology was used to hack Whatsapp – has promised to crack down on the company’s approach to privacy. The UK private equity fund said it would bring the company in line with UN privacy principles and reform its governance to [...]
One in three female lawyers sexually harassed at work, comprehensive survey shows May 15, 2019 A comprehensive report launched today by the International Bar Association has unveiled the scale of sexual harassment and bullying within the legal sector. The survey of nearly 7,000 lawyers worldwide, found one third of female lawyers had been sexually harassed and one-in-two had been bullied. Read more: Lloyd's of London will ban drunk staff from [...]
Should Boris Johnson resign? Reaction to Supreme Court ruling September 24, 2019 Today the Supreme Court found that Boris Johnson had acted unlawfully in suspending parliament for five weeks ahead of the Brexit deadline. Saying the suspension took place in “unusual circumstances” , court president Lady Hale declared that “parliament has not been prorogued”, prompting speaker John Bercow to recall MPs to parliament for 11.30am tomorrow. Read [...]
UBS shareholders revolt against leadership over €4.5bn French tax fraud fine May 2, 2019 UBS shareholders have refused to approve the performance of the bank’s leadership following a €4.5bn tax evasion fine. The Swiss banking giant was issued the fine by a French court in February after being found guilty of laundering the proceeds of tax evasion. Read more: UBS fined €4.5bn in French tax fraud trial but vows [...]
Government to pay Eurotunnel £33m over no-deal Brexit ferry contract March 1, 2019 The government has agreed to pay £33m to Eurotunnel over the procurement of no deal Brexit ferry services, according to reports. Eurotunnel said the contracts to provide ferry services in the event of a no deal Brexit had been handed out in a secretive way, according to the BBC. Read more: Man found guilty of [...]
Nationalising the Big Six could leave British pensioners out of pocket June 18, 2019 A trade union plan to nationalise the UK’s biggest energy suppliers could favour foreign investors to the detriment of British pensioners, a city lawyer has warned. Jeremy Corbyn’s Labour party, which has pledged widespread nationalisation of the energy industry, welcomed the proposal from the Unison, one of Britain’s largest trade unions, to bring the Big [...]
Kanye West and Lloyd’s of London settle $10m lawsuit over cancelled tour dates February 15, 2018 Kanye West and Lloyd’s of London insurers settled their $10m (£7.1m) lawsuit this week, after the lawyers of both parties requested the California judge to settle the case. The dispute started August 2017 after West fell ill and cancelled the remaining 21 stops of his Saint Pablo Tour in 2016. He checked into the UCLA [...]
RBS to wind down £1bn worth of local council lobos loans by end of 2019 March 23, 2019 The Royal Bank of Scotland (RBS) will attempt to wind down £1bn of controversial bank loans given to local councils across the UK. The move comes after criticism from campaigners and shadow chancellor, John McDonnell, who claimed that high payments had led to a diversion of cash from council services. Read more: CYBG raises business banking [...]
Whatsapp hack: Tech giant urges 1.5bn users to update app after spyware discovery May 14, 2019 A huge flaw in Whatsapp enabled hackers to spy on some of its 1.5bn users’ devices, the tech giant has confirmed. Read more: Facebook taps London talent for its global Whatsapp payments drive The Facebook-owned company yesterday urged its 1.5bn users to update their apps to download a patch it released last Friday for the [...]
US Court of Appeals backs AT&T takeover of Time Warner February 26, 2019 US telecoms giant AT&T’s takeover with Time Warner was given the green light today by a federal appeals judge that ruled in favour of the acquisition. An appeals court rejected the Justice Department's bid to overturn a ruling that approved the $80bn (£60bn) merger, which has led to one of the largest US anti-trust lawsuits in [...]