Beny Steinmetz’ BSGR bribed dictator’s wife to secure rights to run Guinean iron ore mine, US arbitration ruling says May 23, 2022 Beny Steinmetz’ mining company, BSGR, paid millions in bribes to the wife of Guinea’s former dictator to secure the rights to operate an iron mine in the West African country, a US arbitration ruling has said. The diamond magnate’s firm used “corrupt practices” to obtain licenses to mine Guinea’s Simandou iron ore deposit, the International [...]
UK’s information watchdog tells Clearview AI to delete photos of British people from facial recognition systems May 23, 2022 The UK’s information watchdog has told surveillance tech firm Clearview AI to delete its database of facial images scraped from British people’s social media profiles. The UK’s Information Commissioner’s Office (ICO) also fined the tech firm £7.55m, after ruling the firm broke the law by taking people’s photos without their permission. The intervention comes after [...]
Amigo suspends shares as court proceedings begin May 23, 2022 Amigo Holdings has announced a temporary suspension of trading shares today ahead of court proceedings.
Brexit boost: UK trademark disputes double following Britain’s exit from the European Union May 23, 2022 The number of UK trademark disputes has soared to record highs due to a surge of trademark applications following Britain’s exit from the European Union. Disputes in the UK more than doubled from 3,584 in 2020 to 8,026 in 2021, according to new research from intellectual property (IP) law firm Mathys & Squire. The surge [...]
Boris Johnson should take a lesson from Emmanuel Macron to boost UK’s economic growth May 23, 2022 Boris Johnson should follow in the footsteps of Emmanuel Macron by ensuring Britain is made a “natural home for investors,” the Centre for Policy Studies (CPS) has said. In launching a new 10-point manifesto to boost Britain’s economic growth, the CPS published new researching showing investors are worried about the UK’s trajectory and concerned about [...]
Sunak poised to give poorest households £5-7.5bn to deal with cost-of-living crunch, Deutsche Bank says May 22, 2022 Deutsche Bank has said it expects the UK’s Chancellor of the Exchequer Rishi Sunak will give £5-7.5bn in support to the UK’s poorest households to help them deal with the UK’s cost-of-living crisis. The chancellor could increase universal credit payments, give money to food banks, and help poor households pay for energy bills, in a [...]
Ukraine will seek compensation for environmental damage caused by Russia’s invasion, Kyiv says May 22, 2022 The Ukrainian government will seek compensation from Russia for the environmental destruction it has caused through its invasion of Ukraine, the country’s environment minister has said. Ukraine will pursue Russia through international courts in its efforts to claim compensation for the huge damage to Ukraine’s environment caused by missile strikes on oil refineries and fighting [...]
Government must consider most vulnerable in making Lasting Powers of Attorney (LPA) reforms, Law Society says May 22, 2022 The Law Society has raised concerns about plans to let individuals obtain sweeping powers to make calls on core aspects of vulnerable people’s lives via an entirely online process. The concerns come after UK government set out plans to digitalise the process of obtaining Lasting Powers of Attorney (LPAs) through which friends and family members [...]
KPMG to make unconscious bias training compulsory for UK staff May 22, 2022 KPMG is set to make unconscious bias training compulsory for its 15,800 staff, just a year after company chairman Bill Michael stepped down from his position after saying he does not believe unconscious bias training works. The auditor’s plan could see staff stripped of their bonuses and come under scrutiny from their bosses, if [...]
KPMG should take blame for Carillion scandal, not junior accountant Pratik Paw, critics say May 20, 2022 Critics have said the Big Four accountancy firms should flatten their hierarchies and ensure junior colleagues are able to challenge their superiors, to ensure low ranking workers are not blamed for accounting scandals. The comments come as regulators have called for KPMG junior Pratik Paw to be fined £50,000 over his role in the scandal [...]