Facebook to pay $5 billion penalty over privacy breaches
The Federal Trade Commission (FTC) announced a $5 billion settlement with Facebook on Wednesday to settle privacy concerns.
The fine, which is the largest...
Lloyds reports dividend growth despite drop in full-year profits
Lloyds Banking Group posted a 7 percent drop in annual pre-tax profits, down to £1.6 billion from £1.7 billion the previous year.
However, despite a...
No-deal Brexit could cost the UK economy £30 billion, OBR says
A no-deal Brexit could cost the UK economy £30 billion, according to a report by the Office for Budget Responsibility (OBR).
In its most recent...
Spending habits infer psychological traits
A person's spending habits can infer certain psychological traits, according to new research published in Psychological Science.
Researchers looked at more than 2 million spending...
Fed stimulus pullback, is timing right? Economists divided
Economists at the National Association for Business Economics (NABE) are equally divided on whether the Fed stimulus pullback – tapering back on its bond-buying...
Richest company accuses largest bureaucracy of political crap
Tim Cook, the CEO of Apple, the world’s richest company, is accusing the European Commission, the world’s largest bureaucracy, of ‘political crap’ in its...
UK government instructs Insolvency Service to fast-track its inquiry into BHS collapse
The UK government wants to expedite an investigation into the collapse of BHS last week – putting 11,000 jobs at risk.
The Insolvency Service...
Huawei reportedly planning on axing hundreds of jobs at its US operations
Chinese tech giant Huawei is reportedly planning on axing hundreds of jobs at its US operations.
People familiar with the matter told the WSJ that...
Facebook facing $5bn fine by regulators
Facebook will probably have to pay a $5bn fine to settle a probe into data privacy violations. The FTC has approved the amount. FTC...
Thomas Cook Group in £750m rescue deal talks with Fosun and banks
Thomas Cook Group plc announced that it is in discussions with Fosun Tourism Group, its largest shareholder, and core lenders regarding a significant new...