Google to automatically delete search and location data June 25, 2020 Google will now automatically delete your search and location history after 18 months, as it attempts to assuage concerns from regulators that it controls too much information about individuals. Users will be able to toggle in their settings to wipe their data every three or 18 months, with the latter now automatically turned on. The [...]
Softbank boss steps down from Alibaba board June 25, 2020 Softbank Group chief executive Masayoshi Son is to step away from his position on the board of Alibaba, as he defended the firm’s financial health and prospects. Son said he sees the move as “graduating” from Alibaba, a month after the e-commerce firm’s founder Jack Ma resigned from his own position on Softbank’s board. Son [...]
N Brown shares drop as profit falls on ‘year of restructuring’ June 25, 2020 Fashion retailer N Brown has today posted falls in both profit and revenue for the last financial year, blaming the drop on a lengthy period of “restructuring” the business. In the 12 months to 29 February 2020, the owner of the Simply Be and Jacamo brands said adjusted profit before tax fell 28.8 per cent [...]
Stocks sell-off continues as new cases rocket June 25, 2020 Asian stocks were buffeted by their biggest drop in eight sessions today, as a rise in US coronavirus cases and warnings from the International Monetary Fund knocked investor confidence. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7 per cent, Tokyo’s Nikkei slumped 1.1 per cent and Australia’s ASX 200 tumbled 2.1 per cent. [...]
Britain’s tech scene ready to welcome foreign talent after Trump’s visa ban June 24, 2020 The UK stands to gain from US President Donald Trump’s visa ban that will prevent foreign talent from setting up shop on American soil, tech figures have told City A.M., providing new opportunities to entrepreneurs and highly-skilled workers. An executive order signed by Trump this week suspended foreign work permits such as the H1-B and [...]
Data breach fears raised over test and trace pubs register June 24, 2020 Cyber security experts have raised privacy fears over the potential for data breaches in the government’s plan to make pubs and restaurants keep a register of all visitors. Under new rules laid out yesterday, all hospitality venues must keep a guest register to record the contact details of visitors for 21 days to help track [...]
Softbank secures $14.8bn in first wave from T-Mobile US share sale June 24, 2020 Softbank is set to gain almost $15bn from the first in a series of transactions to unwind its stake in T-Mobile US, as it seeks to bolster its cash reserves following a major annual loss. T-Mobile said it has priced a sale of its shares at $103 each — a four per cent discount on [...]
Brazil suspends Whatsapp’s payments service days after launch June 24, 2020 Whatsapp’s payments service has been suspended only a week after it launched in its first territory, as Brazil’s central bank said it was not given enough time to assess the new technology. The central bank said it was taking the decision to “preserve an adequate competitive environment” within the mobile payments sector, and to ensure [...]
Naked Wines sales skyrocket as online orders boom during pandemic June 24, 2020 Revenue for the first two months of Naked Wines’ current financial year has soared, thanks to an increase in online orders for home delivery as Brits get through lockdown. Naked Wines said revenue in the two months to the end of May rose 81 per cent, but stopped short of providing full financial guidance due [...]
EU prepares ban on US travellers over high coronavirus case count June 24, 2020 The EU is said to be ready to issue a travel ban on US citizens and travellers from other countries, due to their high coronavirus infection rates. Documents seen by the New York Times showed American, Russian and Brazilian visitors to the EU would be unwelcome as their governments’ fail to control the virus’ spread. [...]