Court gears up to hear Morrisons’ appeal against landmark data breach ruling October 8, 2018 Supermarket giant Morrisons will launch an appeal tomorrow against the High Court's decision to find it vicariously liable for a data breach that hit over 100,000 employees. In December last year the supermarket chain was found to be legally responsible for the breach, which was carried out by former employee Andrew Skelton. Skelton, a former senior [...]
Tesla to defend lawsuit alleging foreign workers were threatened with deportation October 3, 2018 A case filed against Tesla in California which alleges the firm knew foreign employees were threatened with deportation has been given the green light to go to trial. US federal judge Lucy Koh ruled Tesla must defend itself against two of seven claims, in which the plaintiffs argue foreign workers at its Fremont, California plant [...]
Irish regulator to investigate Facebook over data breach with an expected fine of up to $1.6bn October 2, 2018 The Irish Data Protection Office has opened a probe into Facebook over last week's cyber attack, which saw more than 90m accounts potentially affected. Ireland's data regulator will launch the case against Facebook under General Data Protection Regulations (GDPR), as it confirmed that less than 10 per cent of the users affected were inside the [...]
How London can fend off the European hotspots vying for its fintech crown October 1, 2018 Flash back to the immediate aftermath of the Brexit vote. “London has committed suicide as a leading fintech centre,” tweeted Traxpay, a German payments platform. Catchy advertising urged startups to “keep calm and move to Berlin”. Read more: Meet the startups in the Treasury-backed Tech Nation fintech accelerator Over two years later, and it’s French [...]
Holiday Homes: Limassol’s Trilogy towers puts its hopes in the power of three to lure international investors September 24, 2018 The hot weather may have prompted us to stay in the UK this summer, but the temptation to flee to warmer climes will return once the dark nights and cooler temperatures close in. The city of Limassol, Cyprus, only a four and a half hour flight away, might be the hottest place to get [...]
Moneyland review: How the world’s ultra-rich get away with it September 23, 2018 What do Japanese surrogate babies, luxurious London condos and the tiny Caribbean island of St Kitts have in common? For Oliver Bullough, they’re all part of the terrifying and vertigo-inducing ways the world’s ultra-rich – the denizens of what he dubs ‘Moneyland’ – protect themselves and their money. In Moneyland: Why Thieves and Crooks Now [...]
Global league table of ‘caring’ investors: Americans more focused on sustainability than Europeans September 20, 2018 The US is the only developed country to make the top 10 of a sustainable investment league table that gauges consumer habits and investing actions. Countries in the developing world dominated the top ten while European countries occupied the middle and lower half of the league table. The results of the Schroders Global Investor Study [...]
Crazy Rich Asians review: Razor sharp and sassy rom-com September 14, 2018 Working class New Yorker Rachel (Constance Wu) falls for a mega-rich Singapore bachelor Nick (Henry Golding) in a ground-breaking Hollywood production with a distinctly retro feel. The glitz and spectacle of old Hollywood flows through this smart, sassy rom-com, with the action flitting between glamorous parties, nouveau rich mansions and exotic getaways. Consisting of multiple [...]
Crazy Rich Asians review: Razor sharp and sassy rom-com September 14, 2018 Working class New Yorker Rachel (Constance Wu) falls for a mega-rich Singapore bachelor Nick (Henry Golding) in a ground-breaking Hollywood production with a distinctly retro feel. The glitz and spectacle of old Hollywood flows through this smart, sassy rom-com, with the action flitting between glamorous parties, nouveau rich mansions and exotic getaways. Consisting of multiple [...]
Editor’s notes: A Cornish hero on 9/11, vegans up the creek with no Padella, and policy is for the many, not the pew September 14, 2018 Everyone remembers where they were when they heard about the 9/11 attacks. For many City workers, the event remains a trauma. Michael Spencer, who had hundreds of staff in the World Trade Center, still turns pale when recalling how he sat in London, watching the news footage, trying to get through on the phones. Remarkably, [...]