The future of Saudi Arabia – Commonwealth Trade May 30, 2018 Coinciding with Crown Prince HRH Mohammed bin Salman’s visit to the United Kingdom, the CWEIC hosted a roundtable on ‘The future of Saudi Arabia – Commonwealth Trade’ in the Livery Hall, Guildhall. Attended by senior business leaders and senior representatives of the Saudi delegation including His Excellency Ibrahim Al Omar, Governor of SAGIA, Mr Yousef [...]
Police seize bitcoins from criminal hacker in first case of its kind May 25, 2018 Police have seized around half a million pounds worth of bitcoin from a “prolific” hacker in the first case of its kind for the Met. Grant West was responsible for attacks on more than 100 companies worldwide, obtaining the financial data of tens of thousands of people though phishing scams, which he would then sell [...]
Morrisons could pay 40 per cent of legal costs in data breach case if upcoming appeal fails May 17, 2018 Morrisons has been ordered to pay 40 per cent of claimant legal costs if it loses an appeal in the ongoing case over a massive data leak by one of its employees. Morrisons is currently fighting a landmark data breach case in which it was found vicariously liable for the actions of disgruntled employee Andrew [...]
Royal Mail faces regulator Ofcom fines threat after blaming industrial dispute for missing service targets May 11, 2018 Royal Mail today blamed a bitter spat with postal workers for failing to meet its annual quality of service targets. Postal regulator Ofcom, which said it was “concerned that Royal Mail has fallen short” will now consider whether to slap it with fines of up to 10 per cent of “relevant turnover”. Last year Royal [...]
Ready to regulate: Why crypto and the City need each other April 30, 2018 The financial services sector is rife with inefficiency. The global financial system moves trillions every day and serves billions of people in the process, yet legacy technology and siloed systems make change immensely slow, if not impossible. The majority of core banking systems are over 30 years old, and almost half of financial intermediaries suffer [...]
What housing policies are the UK government likely to announce soon? April 13, 2018 It is clear that the Government intends to intervene more and more in the housing market. This attitude stems partly from the Housing White Paper, issued in February last year, but also a reorganised Home England, with Nick Walkley, a self-described ‘disruptor’ at the helm, restructuring the former Homes and Communities Agency to be more [...]
From vicars to City titans: Goldman Sachs, Shell and Barclays among names behind £550m Lloyds legal battle | City A.M. April 4, 2018 Today City A.M. reveals the varied and surprising names behind a massive £550m legal battle with Lloyds over its takeover of HBOS at the height of the financial crisis – and the cast includes major institutions, aristocrats, vicars and politicians. The groups, which includes institutions such as Goldman Sachs, Nomura Asset Management and pension funds [...]
Jeremy Corbyn-supporting Jewish Voice for Labour is planning an anti-anti-Semitism rally March 26, 2018 Jeremy Corbyn’s supporters are organising a rally to counter the protest against the party leader’s apparent toleration of anti-Semitism. The original protest, organised by the Board of Deputies of British Jews and the Jewish Leadership Council, is scheduled to begin outside parliament at 5:30pm today. However, the Jewish Voice for Labour is organising a rally [...]
Jeremy Corbyn-supporting Jewish Voice for Labour is planning an anti-anti-Semitism rally March 26, 2018 Jeremy Corbyn's supporters are organising a rally to counter the protest against the party leader's apparent toleration of anti-Semitism. The original protest, organised by the Board of Deputies of British Jews and the Jewish Leadership Council, is scheduled to begin outside parliament at 5:30pm today. However, the Jewish Voice for Labour is organising a rally [...]
Law firm urges claimants to join largest-ever class action over VW emissions scandal March 26, 2018 The law firm acting for around 10,000 Volkswagen (VW) customers whose cars were fitted with defeat diesel devices has urged more claimants to join what could be the largest-ever class action. Your Lawyers is currently acting for around 10,000 VW consumers who are suing the car maker over its role in the 2015 emissions scandal, [...]