Silicon Valley billionaire Marc Benioff has compared the current crisis of trust facing the tech giants to the financial crisis of a decade ago, urging regulators to wake up to the threat from Google, Facebook, and the other dominant firms. The outspoken entrepreneur accused some of the industry’s most influential bosses of “abdicating responsibility” and […]
The chair of an influential House of Commons committee has urged the Prime Minister to make good on her promise to crackdown on “unscrupulous” company bosses by imposing billion-pound fines. Labour MP Frank Field, who heads the Work and Pensions select committee, called for regulators to put “the fear of God” into company chiefs, reports […]
Using ‘just walk out’ technology to end queues, Amazon Go fires a warning to the high street Amazon will open its first checkout-free grocery store to the public on Monday, moving forward with an experiment that could dramatically alter bricks-and-mortar retail, reports The Guardian.The Seattle shop, known as Amazon Go, relies on cameras and sensors […]
The Bitcoin boom is set to boost hiring in the City this year as financial companies race to stay ahead of the game in developing Blockchain technology, a leading headhunter has predicted. Recruiter Morgan McKinley claimed the “increasing need for blockchain and cryptocurrency” could boost the number of available jobs this year, with the boom in […]
Ryanair has been referred to employment and tax authorities for investigation by two parliamentary committees, citing the airline’s “refusal to cooperate” with inquiries over crew pay and conditions.
HSBC has agreed to pay just over $100m (£72m) in penalties to settle a US Department of Justice probe into currency rigging. The payment comprises of $38.4m in restitution and a $63.1m fine, with the latter reflecting a 15pc reduction “in recognition of HSBC’s cooperation during the investigation and its extensive remediation”, reports The Telegraph. […]
Apple said it will bring hundreds of billions of overseas dollars back to the US, pay about $38bn (£27bn) in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years. The iPhone maker plans capital expenditures of $30bn in the US over five years and will create 20,000 […]
The head of the Serious Fraud Office has said there must be no let-up in the way financial criminals are pursued after the UK leaves the European Union.
The construction firm Carillion, which is involved in a host of major government projects such as HS2 as well as vital public services including school dinners, has gone into compulsory liquidation, putting tens of thousands of jobs at risk.
Theresa May has summoned a group of City chiefs for talks about the prospects for a post-Brexit trade deal that would safeguard the interests of Britain’s financial services industry.
Analysis commissioned by London mayor predicts ‘lost decade’ of slump and lower employment with hard Brexit A no-deal Brexit could cause the UK to lose half a million jobs and nearly £50bn in investment by 2030, according to an economic forecast commissioned by the mayor of London, Sadiq Khan. The report, which models five possible […]
A record Black Friday helped John Lewis post strong growth in the run up to Christmas but the employee-owned retailer warned intense competition and a “volatile” economy would weigh on its full-year results.