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....“A lot of passengers praise Uber because they feel safe and you know the driver that is taking you,” said Abdul, a driver from Shepherd’s Bush who worries that he won’t be able to pay his student loan or his rent if TfL does not reverse its decision. Ironically, while many drivers like Abdul have leapt to Uber’s defence, it was the company’s treatment of them that drew attention to the aggressive corporate culture which brought about its downfall in the capital. ... [Read full article on Guardian ]
Saturday 23rd of September 2017 11:05:29 PM
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....1% and 1% chance per year (or between once in a 100 and once in a 1,000 years). The area contains hundreds of thousands of properties which are protected to a very high standard by the barrier and associated tidal flood defence walls, embankments and other gates and barriers. ... [Read full article on Guardian ]
Saturday 23rd of September 2017 05:59:08 AM
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....But, within the panel’s narrow parameters, the ideas represent a move in the right direction. Bidders should have to explain themselves more fully; and defending companies should be able to construct a proper defence. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 02:52:10 PM
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....Chris Geoghegan – the father of 34-year-old Victoria Geoghegan who led the secret campaign that aimed to stir up racial tension in South Africa – has resigned as a non-executive director of Rentokil Initial where he was senior independent director and chair of the remuneration committee. The 63-year-old, a former top executive at defence company BAE Systems, was responsible for introducing the wealthy and controversial Gupta family to Bell Pottinger in January 2016. ... [Read full article on Guardian ]
Monday 18th of September 2017 11:31:52 AM
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Latest Finance News related to Defence

Why Uber’s fate could herald backlash against ‘digital disruptors’ image
Source : Guardian [Read Article] Saturday 23rd of September 2017 11:05:29 PM
....“A lot of passengers praise Uber because they feel safe and you know the driver that is taking you,” said Abdul, a driver from Shepherd’s Bush who worries that he won’t be able to pay his student loan or his rent if TfL does not reverse its decision. Ironically, while many drivers like Abdul have leapt to Uber’s defence, it was the company’s treatment of them that drew attention to the aggressive corporate culture which brought about its downfall in the capital. ...
Direct Line, why has my home insurance gone up by 442% in one year? image
Source : Guardian [Read Article] Saturday 23rd of September 2017 05:59:08 AM
....1% and 1% chance per year (or between once in a 100 and once in a 1,000 years). The area contains hundreds of thousands of properties which are protected to a very high standard by the barrier and associated tidal flood defence walls, embankments and other gates and barriers. ...
Why were HBOS auditors cleared? We need a full explanation | Nils Pratley image
Source : Guardian [Read Article] Tuesday 19th of September 2017 02:52:10 PM
....But, within the panel’s narrow parameters, the ideas represent a move in the right direction. Bidders should have to explain themselves more fully; and defending companies should be able to construct a proper defence. ...
Bell Pottinger: father of executive at centre of scandal quits Rentokil board image
....Chris Geoghegan – the father of 34-year-old Victoria Geoghegan who led the secret campaign that aimed to stir up racial tension in South Africa – has resigned as a non-executive director of Rentokil Initial where he was senior independent director and chair of the remuneration committee. The 63-year-old, a former top executive at defence company BAE Systems, was responsible for introducing the wealthy and controversial Gupta family to Bell Pottinger in January 2016. ...
Deal or no deal, Sky is the regulators’ hardest ever test image
Source : Guardian [Read Article] Sunday 17th of September 2017 06:00:33 AM
.... That’s probably Bradley’s private bet, too. But now – perhaps more important than deal or no deal – is the moment of truth for regulatory defences built over decades. ...
Christian Candy reshuffles assets worth more than £300m in a year image
Source : Guardian [Read Article] Saturday 16th of September 2017 07:00:05 AM
....The Candys declined to comment on the disposals and dismissed Holyoake’s concerns as misplaced and without foundation. They have fully defended the claims brought by Holyoake and expect to be successful in their defence. ...
Labour to force vote in Commons on scrapping public sector pay cap image
Source : Guardian [Read Article] Sunday 10th of September 2017 11:26:31 AM
....”. The defence secretary, Sir Michael Fallon, said last week that the government fully understood that public sector workers have taken their “share of the pain” of deficit reduction and signalled that the chancellor was looking at the issue. ...
Like fading powers of the past, Britain shows signs of being in terminal decline  | Will Hutton image
.... And the written word, even from a tawdry biased media, retains disproportionate cultural force. Too few figures at the top of our society speak out either in defence of Enlightenment values or at the evident crisis before their eyes. ...
British arms sales to repressive regimes soar to £5bn since election image
Source : Guardian [Read Article] Saturday 9th of September 2017 11:04:21 PM
.... They accused the government of negotiating trade deals to sell the Gulf state cyber surveillance technology which the UAE government uses to spy on its citizens, and weaponry which, they allege, has been used to commit war crimes in Yemen. The Saudis have historically been a major buyer of British-made weapons, but the rise in sales to other countries signals a shift in emphasis on the part of the government, which is keen to support the defence industry, which employs more than 55,000 people. ...
Leaked immigration plans ‘catastrophic’ for industry, say employers image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:16:38 AM
.... Those in “high-skilled occupations” will be granted permits to work for a longer period of three to five years. About 4% of aerospace, defence and space industry workers are from other EU countries, while 5% of employees in these sectors working in the EU are UK citizens, with a supply chain that stretches across Europe. ...
Seoul pleads with Vladimir Putin to help tame North Korea image
Source : Guardian [Read Article] Wednesday 6th of September 2017 01:38:42 AM
....Pyongyang has enough conventional artillery to do significant damage to Seoul, but the quality of its gunners and munitions is dubious, and the same problem – retaliation from the South and its allies - remains. In the event of a non-nuclear attack, Seoul's residents would act on years of experience of civil defence drills, and rush to the bomb shelters dotted around the city, increasing their chances of survival. ...
Britain's aerospace sector could be priced out after Brexit image
Source : Guardian [Read Article] Sunday 3rd of September 2017 02:33:15 PM
....A grey metal box in the North Wales countryside is home to the jewel of Britain’s aerospace industry. Airbus’s factory in Broughton, Flintshire, is where the pan-European aerospace and defence group manufactures all the wings for its commercial aircraft. ...
The great Saudi sell-off: why bankers and lawyers are flocking to the Gulf image
Source : Guardian [Read Article] Saturday 2nd of September 2017 03:00:17 PM
.... Traditionally, foreigners wanting to do business in the kingdom have needed a Saudi firm or individual as their “partner”, which has led to charges of inefficiency and corruption. These rules have been changed with respect to certain sectors – retail and wholesale, engineering and most recently health and education – but large swaths of the Saudi economy are currently off-limits for full foreign ownership: areas such as energy, defence, media and telecommunications. ...
Arnold Schwarzenegger joins call to act over mis-sold PPI before deadline image
Source : Daily Express [Read Article] Wednesday 30th of August 2017 09:55:00 AM
....Tom Lyon, money expert at uSwitch. com, said the scale of the PPI mis-selling scandal continues to astonish: "In total, UK banks have set aside more than £44billion, equivalent to the UK's annual defence budget. ...
Should the rich be taxed more? A new paper shows unequivocally yes | Larry Elliott image
.... Without the sacrifices being made by those at the top, the cuts would be even deeper. This, though, is not the watertight case for the defence of the rich that it appears at first sight, as is demonstrated by a new paper from John Hatgioannides of the Cass business school, Marika Karanassou of Queen Mary University and Hector Sala of the Universitat Autònoma de Barcelona and IZA in Bonn. ...
Cyber crime reaching epidemic proportions as fraud becomes most common crime in UK image
.... . Tully says the ultimate front-line defence against all fraud is your own common sense: “We all have a responsibility to be on constant guard. ...
ParkingEye meets its match as it takes on a top barrister over an £85 fine image
....Bowen said in an email to the company: “It is a pretty poor show that, having issued proceedings, ParkingEye lacked the courage of its convictions or confidence to even turn up to the small claims court to argue about the commercial and legal justification for your business model. “My defence was that your contract was unenforceable, and that you have no legal right to charge members of the public for night parking in service station car parks. ...
Trump's trade policy on China won't win its help on North Korea | Jeffrey Frankel image
....By now, Chinese president Xi Jinping, like most world leaders, has learned to discount Trump’s warnings. Trump’s statements suggesting a lack of loyalty to America’s allies – he took months to affirm his support for article 5 of the North Atlantic Treaty, Nato’s bedrock collective defence clause – have left even close US partners hesitant to make deals with his administration. ...
Apple denounces neo-Nazis as Spotify bans ‘white power’ tracks image
Source : Guardian [Read Article] Thursday 17th of August 2017 11:16:34 AM
....Apple also pledged to match two-for-one employee donations to human rights groups until 30 September, and said it would roll out donation systems for the SPLC through its iTunes store. Trump has faced a growing backlash over his defence of those who took part at the far-right rally in Charlottesville, Virginia. ...
Toblerone shape not distinctive enough for trademark, Poundland claims image
Source : Guardian [Read Article] Thursday 17th of August 2017 05:00:03 AM
....Speaking at the time of the launch, Poundland’s trading director, Barry Williams, said it had created an alternative with “a British taste, and with all the spaces in the right places”. In legal defence documents filed earlier this week, Poundland says the triangular prism shape of the Toblerone bar, which was registered under an EU trademark in 1997, is no longer distinctive partly because of the existence of the new version. ...
Monsanto sold banned chemicals for years despite known health risks, archives reveal image
....It says: “We can prove some things are ok at low concentration. Give Monsanto some defence. ...
UK defence contractor billed US more than $50m in expenses image
Source : Guardian [Read Article] Wednesday 9th of August 2017 09:56:22 PM
....New Century Consulting (NCC) also spent $42,000 on automatic weapons, using cash to get around a prohibition in the contract on purchasing the firearms and showered other personnel with hefty pay and bonuses. Missouri senator Claire McCaskill summarised the audit’s major findings in a letter to the US defence secretary, Jim Mattis, which she released on Wednesday. ...
Workers who lost tribunal rights should have the chance to pursue their claims | Letters image
.... Faced with the fees, she dropped her case. What the supreme court has decided – in what you rightly call “a triumphant defence of the rule of law” – is that she and many thousands like her were illegally denied access to justice. ...
Qatar makes legal complaint to WTO over Gulf trade boycott image
Source : Guardian [Read Article] Monday 31st of July 2017 05:33:52 PM
....Qatar is also raising the boycott at a meeting of the UN International Civil Aviation Organisation on Monday, Thani said. Many trade diplomats say that using national security as a defence risks weakening the WTO by removing a taboo that could enable countries to escape international trade obligations. ...
AstraZeneca boss Pascal Soriot's 'pivotal' year is turning out horribly | Nils Pratley image
....The failure of the so-called Mystic lung cancer drug trial is plainly the most serious in that list. Success would have demonstrated AstraZeneca’s credentials in the new field of immunotherapy, with drugs that use the body’s own defence mechanisms. ...
France nationalises strategic shipyard to thwart Italian ownership image
Source : Guardian [Read Article] Thursday 27th of July 2017 12:12:15 PM
....French politicians and unions have raised concerns over 7,000 jobs that depend on St-Nazaire, including 2,500 directly employed staff, suggesting Italy would protect its own workers should shipbuilding decline. Paris is also concerned about a site of such strategic and defence importance coming under the control of Italy’s state-owned Fincantieri. ...
Love Island is awful – but ITV's prospects are better | Nils Pratley image
Source : Guardian [Read Article] Wednesday 26th of July 2017 06:54:35 PM
.... But ITV is generating cash and was paying special dividends as recently as last year. It is not defenceless. ...
Bank of England warns of complacency over big rise in personal debt image
Source : Guardian [Read Article] Monday 24th of July 2017 05:40:59 PM
.... If it has, we’ll plug it,” Brazier said. Brazier said the defence lines did “not eliminate the risks that borrowers and lenders take on when entering into a loan” but that they “safeguard everyone else – the wider economy – from collateral damage. ...
Let’s move to Canvey Island, Essex: ‘Britain’s Mississippi delta’ image
.... Water, water everywhere… disaster came calling in 1953. The defences built afterwards are sturdy, but for how long? Congestion at rush hour. ...
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Workers’ rights need more protection in the gig economy | Letters image
Source : Guardian [Read Article] Sunday 16th of July 2017 04:37:34 PM
.... Is there any need for it to hire staff on zero-hours contracts?Malcolm SmithPwllheli, Gwynedd. • In defence of freelancing stewards at Lord’s (Letters, 12 July), while I appreciate the reasons that led Rick Hall to resign his Tate membership in sympathy with the staff on zero-hours contracts, the case at Lords is rather different. ...
Could you spot a bogus Airbnb listing among the genuine ones? image
Source : Guardian [Read Article] Saturday 15th of July 2017 06:00:45 AM
....Airbnb initially told Money that the company has removed the listing in question and was providing support – but no refund. “Fake or misrepresented listings have no place in our community and our team is working hard to constantly strengthen our defences and stay ahead of fraudsters,” a statement said. ...
M&S investors spooked by slowdown in food sales image
Source : Guardian [Read Article] Tuesday 11th of July 2017 06:24:59 PM
....There was a need for “stronger promotions”, he said, adding that the performance of stores was also being affected by expansion as new M&S food outlets sprung up on their doorstep. “We have been in fairly long-term growth in food whereas others are playing a recovery game,” said Rowe in defence of the performance. ...
British PR firm Bell Pottinger apologizes for South Africa campaign image
Source : Guardian [Read Article] Monday 10th of July 2017 07:42:03 PM
....Other senior ruling politicians repeated the phrase, as did Black First Land First, a campaigning group connected with the Guptas, which attacked politicians and journalists making allegations of Gupta-government corruption. Several of these were “racists masquerading as journalists in defence of white monopoly capital”, it said, which it would “deal with”. ...
One by one, Brexit’s ‘salvations’ are seen to be illusory | Nick Cohen image
.... It does not trump politics now that 27 countries are determined to preserve the union. And not only as a defence against a return of fascism and communism. ...
Worldpay shareholders should decline its meek merger deal | Nils Pratley image
.... So Rake hasn’t even generated an auction, which is usually deemed the chairman’s first duty in these situations. The case for the defence is that the takeover is really a 60-40 merger to be executed mainly in shares, so Worldpay’s investors can enjoy a long-term ride and the benefits of slamming the two operations together. ...
Public sector pay cap is matter for future budgets, says Grayling image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:56:11 AM
....Many feel action is urgent after a government-commissioned report suggested the average pay of teachers had fallen by £3 an hour in real terms, police officers by £2, while the wages of nurses have stagnated. However, David Cameron, the former prime minister, used a speech in Seoul, South Korea, to come to his successor’s defence by saying it was too soon “to let spending and borrowing rip” because of the danger of future economic shocks. ...
Poorest students will finish university with £57,000 debt, says IFS image
Source : Guardian [Read Article] Tuesday 4th of July 2017 11:01:12 PM
....The economic thinktank’s conclusion immediately prompted a sharp political exchange between the main parties and elite universities over the fairness of student finance – and a hint from the minister responsible that amid soaring debts the system could be reviewed again. Gordon Marsden, Labour’s shadow higher education spokesman, said the IFS study made a nonsense of the government’s defence of the current system. ...
Bank of England steps up scrutiny of lenders image
Source : Guardian [Read Article] Tuesday 4th of July 2017 08:59:11 AM
....Threadneedle Street said banks were themselves the best way to protect against rising consumer credit. “The FPC agreed that firms remained the first line of defence against these risks. ...
Flying high image
Source : BBC [Read Article] Sunday 2nd of July 2017 11:09:01 PM
.... . But Richard Aboulafia, vice president of analysis at Teal Group which focuses on the aerospace and defence industry, says he finds these new business models "intriguing". ...
Google fine: EU is not waging underhand trade war against ​​US tech firms | Nils Pratley image
....4bn of capital over the next 18 months to cover lending mistakes that, in practice, may or may not materialise. Wouldn’t it be easier to raise interest rates as a way to tell overstretched consumers to go easy on the credit? It could still come to that in theory – “monetary policy is the last line of defence to address financial stability issues”, the governor, Mark Carney, reminded his audience – but the Bank’s tweak with the buffers is a better formula. ...
UK banks ordered to hold more capital as consumer debt surges image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:44:48 AM
....25% after Brexit – and financial policy instruments. “Monetary policy is the last line of defence to address financial stability issues,” he said, with monetary policy focused on keeping inflation at its target rate of 2% rather than controlling lending. ...
The Guardian view on Murdoch’s Sky plan: a blow to media plurality | Editorial image
. Elected politicians traditionally shied away from picking fights with wealthy media moguls, wary of those who could spill barrelfuls of ink in defence of their arguments. ...
Italy's €17bn bank job: self-preservation at a long-term EU price? | Nils Pratley image
....Yet such a ratio would make most non-billionaires wonder about sustainability. Aren’t vitamin tablets and protein powders natural territory for Amazon? Isn’t a cuddly slogan – “Bringing wellness to the world one happy customer at a time” – an imperfect defence against aggressive pressures?. ...
UK energy industry cyber-attack fears are 'off the scale' image
Source : Guardian [Read Article] Sunday 25th of June 2017 04:20:06 PM
....Brian Gilvary, chief financial officer at BP, said the firm did not share specific information on the number of attacks it faced. However, he said the company had a strategy of repelling what it could, detecting what got through and then cleansing when cyber-attackers had breached defences. ...
BIS warns rolling back globalisation would be ‘detrimental’ image
Source : Guardian [Read Article] Sunday 18th of June 2017 05:41:55 PM
. The international body that represents the world’s central banks has claimed that globalisation has been made a “scapegoat” for rising inequality, as it launched a defence of closer cross-border ties. ...
Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets image
....UK supermarkets’ response will now become a priority concern for their own shareholders. These businesses are not defenceless: they have loyal customers, big buying power and will not be blown away. ...
Google and Facebook face penalties if they don't stop online hate image
Source : Guardian [Read Article] Tuesday 13th of June 2017 08:22:44 PM
....No 10 said the talks would also advance the establishment of an industry-led forum to develop shared technical and policy solutions to the problem, as agreed by world leaders at last month’s G7 summit in Italy. The two countries also plan to hold a summit on defence co-operation before the end of the year in the UK. ...
Special K: tennis player in legal battle with Kellogg's over nickname image
Source : Guardian [Read Article] Thursday 8th of June 2017 12:00:21 AM
....Justice Brigitte Markovic sent the case to a mediation conference in August. She also allowed Kellogg’s extra time to amend its statement of claim and for Kokkinakis to file a defence. ...
Rangers fraud trial: Craig Whyte found not guilty image
Source : BBC [Read Article] Tuesday 6th of June 2017 12:26:41 PM
....Mr Whyte had denied both the charges against him. His defence QC, Donald Findlay, had earlier told the jury that Mr Whyte had been made to look like a "pantomime villain". ...
Britain’s economic model is broken: this is our first post-crash election | Aditya Chakrabortty image
.... But still, their team admit they have a way to go in rethinking Britain’s economy – and they are having to do so against a famously hostile parliamentary party. The result is Corbyn’s manifesto, which is chiefly remarkable for its unabashed defence of basic social democratic values. ...
How to respond to Trump's America | Joseph Stiglitz image
Source : Guardian [Read Article] Friday 2nd of June 2017 01:29:00 PM
.... This is the time for Europe to pull together, recommit itself to the values of the Enlightenment, and stand up to the US, as France’s new president, Emmanuel Macron, did so eloquently with a handshake that stymied Trump’s puerile alpha-male approach to asserting power. Europe can’t rely on a Trump-led US for its defence. ...
BA chaos: why I’m flying the flag for the new arbitration scheme image
Source : Guardian [Read Article] Friday 2nd of June 2017 11:14:07 AM
.... Indeed, if the existing regulations are read literally, BA, although totally to blame, could have a let-out because the level of its incompetence last weekend and the consequences were, truly, exceptional. Not surprisingly, a BA spokesman assured me the company would not be raising any defence on those lines. ...
Power surge? image
Source : BBC [Read Article] Thursday 1st of June 2017 11:43:36 AM
....BA's statement has failed to satisfy everyone. Several IT workers expressed doubt and the explanation was labelled "too simplistic" by independent defence and aerospace analyst Howard Wheeldon. ...
Walsh backs BA boss after computer chaos image
Source : BBC [Read Article] Thursday 1st of June 2017 11:25:25 AM
....One. Willie Walsh has launched a pretty robust defence of the man at the helm of British Airways, Alex Cruz. ...
George Soros attacks Hungarian prime minister for building a 'mafia state' image
....George Soros has accused the Hungarian prime minister Viktor Orbán of building a “mafia state”, as he warned the fate of the Central European University he founded still hangs in the balance. The Hungarian-born financier and philanthropist said he was confident the university’s defence of its freedom would ultimately “bring the slow-moving wheels of justice into motion”, but said it and other organisations he had backed were still at risk under the Orbán-led government. ...
Painstaking detail of Brexit process revealed in EU documents image
Source : Guardian [Read Article] Tuesday 30th of May 2017 06:00:00 AM
....“You have to understand there is no feeling of revenge, but we are absolutely convinced that we cannot put the single market in danger,” said the French liberal politician Sylvie Goulard. A confidante of French president Emmanuel Macron, she was speaking last month, shortly before she was named as France’s defence minister. ...
US growth rate revised up to 1.2% image
Source : BBC [Read Article] Friday 26th of May 2017 01:36:45 PM
....That decline was affected by hefty legal settlements paid by companies that included Volkswagen and US units of Deutsche Bank and Credit Suisse, the Commerce Department said. In a separate report on Friday, the Commerce Department said that new orders of durable goods, including defence aircraft and cars, were 0. ...
Former Anglo Irish chair Seán Fitzpatrick walks free as trial collapses image
.... The former executive had pleaded not guilty to misleading the Anglo Irish bank’s auditors about loans to him and people connected to him. On Wednesday, the 126th day of an at times a bewildering and complex trial, Fitzpatrick’s defence had argued that the case should not go before the jury because of flaws in the investigation and in the prosecution case, which involved coaching witnesses and shredding documents. ...
Is M&S being radical enough as it slips out of fashion? | Nils Pratley image
Source : Guardian [Read Article] Wednesday 24th of May 2017 01:40:53 PM
.... He probably knows next to nothing about women’s fashion, but he does do “self-help” strategies quickly – and speed is the quality M&S’s frustrated shareholders are entitled to expect. Hands off our strategically significant industrial laundromats! As a defence strategy, it wouldn’t wash, as Berendsen, a UK company on the receiving end of a £2bn bid approach from French group Elis, has worked out for itself. ...
Cybercrime protection: How to make yourself secure online image
Source : Daily Express [Read Article] Wednesday 24th of May 2017 12:01:00 AM
....”. “A strong password is your first defence against hackers and cyber criminals. ...
If London subsidises the rest of the UK, where does that leave Scotland? | Nils Pratley image
.... Long passages of the Bank’s annual financial stability report are devoted to cyber-risks. Regulators have bigger threats in mind than the danger that the governor might get duped in a prank but the Bank’s defences, as Carney might put it, seem “not appropriate at all”. ...
Trump's $4.1tr budget takes hatchet to safety net image
Source : BBC [Read Article] Tuesday 23rd of May 2017 03:31:49 PM
....This proposed budget should be seen as a presidential statement of principles - and those principles often run counter to the ones Mr Trump campaigned on last year. The defence spending boost is there, yes, but funds allocated for a border wall aren't nearly enough to realise Mr Trump's dream. ...
Sean FitzPatrick cleared as Anglo Irish trial collapses image
Source : BBC [Read Article] Tuesday 23rd of May 2017 01:04:32 PM
....Prosecutors had alleged that Mr FitzPatrick had misled Anglo Irish Bank's auditors, Ernst and Young, about details of director's loans he received from Anglo Irish Bank between November 2002 and February 2008. The judge's ruling came after lengthy submissions by the defence - who argued that flaws in the investigation should prevent the case from going before the jury - and prosecutors who said that the trial should continue. ...
How can Macron unite Europe? He could start with its armies | Hans-Werner Sinn image
.... Only then will its union for peace become a reality, not just a platitude invoked by politicians. During the period after the second world war, European heads of state drafted a treaty to establish a European defence community. ...
Forget Brexit, the real challenge is creating enough wealth for an ageing population image
.... The share of national income accounted for by pensions has just about doubled since the second world war to 12% of GDP, and is expected to increase by a further seven percentage points over the next half a century. In the post-1945 period, the rise in pension and health spending was matched by a decline in outlays on defence and debt interest. ...
How workable – and how expensive – might Labour’s renationalisations be? image
.... That leaves the train franchises, which the state just could take over when franchises lapse. Economists Jonathan Portes of King’s College London and Tony Yates of Birmingham University jumped to McDonnell’s defence when he said the policy wouldn’t add to Britain’s debt burden. ...
Ex-RBS boss Fred Goodwin returns to spotlight in £520m court battle image
.... Unless a settlement can be agreed at the 11th hour, the case involving Goodwin, his former chair Sir Tom McKillop, and two others who were at the helm of the bank during the run-up to its near collapse will begin on Monday. Goodwin’s defence costs will be covered by the bank and have already reached £6. ...
Remote air traffic control preparing for takeoff at London City airport image
.... “It sounds a bit silly pumping noise into a control room but it’s something they need to do the job,” Anderson added. The system has been developed by Swedish defence manufacturer Saab, using technology from its Gripen fighter jet. ...
London City first in UK to get remote air traffic control image
Source : BBC [Read Article] Friday 19th of May 2017 12:02:02 AM
....It has already been tested in Australia, Sweden, Norway and Ireland. The technology has been developed by Saab, the Swedish defence and security company, and will be introduced as part of a £350m development programme to upgrade London City Airport. ...
WannaCry lessons image
Source : BBC [Read Article] Thursday 18th of May 2017 11:02:01 PM
...." . And Rob Wainwright, director of Europol, believes that the recent failings in cyber defences were more to do with lack of leadership in large organisations than lack of IT investment. ...
RBS settlement has left business couple feeling 'gutted' image
Source : BBC [Read Article] Thursday 18th of May 2017 01:48:53 PM
....In a statement RBS said: "We have a duty to act in the best interests of all of our shareholders, including the UK taxpayer. We had strong defences to this claim and were thus prepared to defend ourselves vigorously in court. ...
Channel 4 executive who poached Bake Off favourite to land top job image
Source : Guardian [Read Article] Thursday 18th of May 2017 06:00:18 AM
.... The day after Hunt arrived, in January 2011, Miriam O’Reilly won her age discrimination case against the BBC after she was dropped from Countryfile when Hunt was still controller of BBC1. Hunt had appeared before an employment tribunal and given an impassioned defence against the allegations and accusations that she “hated women”. ...
WannaCry attack lifts shares in cybersecurity firm Sophos to record high image
....“If businesses don’t get it right, the cost of getting it wrong can be catastrophic,” Hagerman said. Over the weekend, a claim on the company’s website that “the NHS is totally protected with Sophos” was changed to “Sophos understands the security needs of the NHS”, but analysts believe shares in the company will continue to do well because of the growing need for cyberdefences. ...
NHS cyber-attack: More ransomware cases 'likely on Monday' image
Source : BBC [Read Article] Sunday 14th of May 2017 06:41:08 PM
....He called for the Conservatives to publish the Department of Health's risk register to see how seriously they were taking IT threats. Scottish Justice Secretary Michael Matheson said more than 120 public bodies were being contacted to ensure their defences were adequate. ...

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