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Zoom reaches $85m settlement in privacy and ‘zoombombing’ lawsuit
Video-conferencing company Zoom, which became a household name during the coronavirus pandemic, has reached an $85m (£61m) settlement in the US.A class-action lawsuit accused the company of a series of privacy breaches by sharing millions of users’ data with Google, Facebook and LinkedIn. It also alleged Zoom had misled users by claiming to offer end-to-end …
Business
Sky News
Amber watchlist would be ‘disaster’ – with fears Spanish holidays could be among first affected
A new amber travel watchlist would be a “disaster” according to holiday industry experts, with Tory backbenchers and Labour also hitting out at the expected move.The government is set to announce changes to the COVID travel system this week, including a new amber list of countries which could move to the red list with little …
Business
Sky News
HSBC first-half profits more than double as economies rebound from pandemic
HSBC’s first-half profits have more than doubled, buoyed by an economic rebound in Hong Kong and Britain – its two biggest markets.Rallying from a weak performance last year, the lender has reinstated shareholder payouts following the lifting of a dividend ban by the Bank of England last month, and released $700m (£503m) set aside to …
Business
Sky News
Jobs threat as British engineering firm agrees £6.3bn takeover by US tech giant
Job losses are threatened at a UK defence and aerospace technology firm after it agreed a £6.3bn takeover by an American rival.It comes after Meggitt confirmed an offer from the US engineering technology giant Parker-Hannifin, which it said put a 70% premium on the share value of the FTSE 250 company. Under the agreement, Parker …
Business
Sky News
Former Unilever veteran Banga lined up to lead government agency UKGI
A former Unilever executive is being lined up to take the helm of the Whitehall agency which oversees taxpayers’ interests in businesses including the Post Office, NatWest Group and Channel 4.Sky News has learnt that Vindi Banga, who sits on the board of GlaxoSmithKline and chairs the cancer charity Marie Curie, is expected to replace …
Business
Business Live
NEL Fund Managers invest £6.6m in regional businesses through pandemic
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Business
Sky News
Chancellor writes letter to the PM calling for relaxation of travel rules, reports say
Rishi Sunak has written to Boris Johnson warning that the UK’s travel restrictions are “out of step” in comparison to other countries, reports suggest.According to the Sunday Times newspaper, the chancellor has raised concerns with the prime minister about the damage that the current border controls are doing to the UK’s economy and has called …
Business
Business Live
Aer Lingus resumes flights from Bristol to Dublin
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Business
Sky News
‘Many thousands’ could lose jobs as changes to furlough scheme come into force
There are fears “many thousands” of people will lose their jobs as the furlough scheme is gradually phased out – and the government is being urged to ensure those made redundant are given help to retrain.Changes from today mean employers will be asked to contribute 20% towards the salaries of those whose wages are being …
Business
Business Live
People on the Move: 13 key North East appointments and promotions
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Business Live
R&D projects involving Britishvolt get Government backing
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Business
Business Live
Welsh Government’s Food and Drink Retail Plan to help industry entrepreneurs
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