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‘Dangerous’ Facebook groups push people to ‘extreme interests’ – whistleblower
Facebook groups can be “dangerous” because they use algorithms that “take people who have mainstream interests and push them to extreme interests”, a whistleblower has told MPs.Frances Haugen said groups on the site can become “echo chambers” that reinforce and radicalise people’s opinions. She said, for example, that users with left-wing opinions can be pushed to the radical …
Business
Evening Standard
Bank deals in the offing as TSB turns down the Co-op
CO-OP Bank today confirmed weekend reports that it put in a bid for rival TSB, opening up the prospect of other deals in the sector.While that offer, to TSB’s Spanish owner Sabadell was rejected, others now seem possible.With the big banks again making big profits, but cutting branches, reasons for the second-tier lenders to unite …
Business
Sky News
Lowest paid workers to get boost as minimum wage and living wage set to rise in budget
The chancellor is set to increase the national living wage to £9.50 in Wednesday’s budget, Sky News has been told.It will rise from the current living wage of £8.91 per hour for those aged 23 and over, which the government says will give full-time workers an extra £1,000 a year. The national living wage is …
Business
Sky News
Minimum wage and living wage set to rise – but inflation will ‘blunt’ the ‘underwhelming’ increase
The chancellor is set to increase the national living wage to £9.50 in Wednesday’s budget.It will rise by 6.6% from the current living wage of £8.91 per hour for those aged 23 and over from 1 April, which the government says will give full-time workers an extra £1,000 a year. Analysis: Rise in national living …
Business
Evening Standard
BrewDog reveals plans for giant venue inside transformed Waterloo Eurostar terminal
BrewDog has revealed plans to open a 26,500 sq ft global flagship on the former Eurostar terminal at Waterloo as several drinks-focused firms pursue expansions on successful post-lockdown re-openings.Britain’s biggest craft brewer intends to launch the two-floor venue – complete with a pub, pop-up food truck, cocktail bar, bowling alley and slide to get between …
Business
Sky News
Owner of Las Iguanas to open 50 new restaurants and create 1,250 jobs
Restaurant owner The Big Table Group is planning to open 50 new sites in a move that will create 1,250 jobs.The group owns Bella Italia, Cafe Rouge, and Las Iguanas, and said on Monday that it intends to invest more than £50m in expansion plans over the next three years. Some £19m will be used …
Business
Business Live
Waste management firm in Bristol to introduce two electric collection vehicles
A waste management company is set to convert two of its fleet of collection vehicles in Bristol from diesel to electric in a £600,000 investment. Grundon Waste Management will make the move within the next few months after trials to gauge the vehicles’ range found they were capable of operating a full day on one …
Business
Business Live
The North will benefit most from transition to net zero, new Bruntwood SciTech study shows
The North is set to benefit the most from the UK’s transition to net zero, a major new report has shown. Bruntwood SciTech’s Market Spotlight report – a new study on the health and outlook of the UK’s science and technology economy – has forecasted the creation of 365,000 new jobs by 2050 because of …
Business
Business Live
Change at the top of Young’s Seafood and Karro Food Group parent company following Canadian buy-out
The leadership of one of Britain’s biggest food companies has changed following a huge buy-out earlier this year. Michael Latifi, founder and executive chair of Canadian giant Sofina Foods is to lead the UK and European arm, created after adding Eight Fifty Food Group to the portfolio. It is the parent company of Karro Pork …
Business
Business Live
West Midlands awarded £1bn in transport funding
The West Midlands has been awarded £1 billion in funding to expand the region’s tram, train, bus and cycle networks. The West Midlands Combined Authority (WMCA) secured the money from the Government’s City Region Sustainable Transport Settlement fund. Money will now be used to kickstart a wide range of projects from new Metro extensions to …
Business
Business Live
Stroud Growth Hub opens after nearly two years of delays
A business centre and co-working space in Gloucestershire has opened after nearly two years of delays. The Growth Hub in Stroud, which is based at SGS College, was initially due to open in March 2020 but was forced to postpone its official launch because of the pandemic. It has still been providing online support for …
Business
Evening Standard
HSBC to spend $2bn on share buyback as profits boom
HSBC profits are soaring, allowing it to begin handing back $2 billion to shareholders and plot a possible return to more regular dividend payments.The banking giant saw profits up 74% to $5.4 billion in the last three months, a sign both of HSBC’s own revival and a wider return to form for the sector.Last week …

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