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Facial recognition company Clearview AI fined £7.5m for collecting Brits’ images
Facial recognition company Clearview AI has been fined more than £7.5m by the UK’s privacy watchdog for collecting the facial images of people in Britain from the web and social media.The Information Commissioner’s Office (ICO) said that globally the company illegally collected more than 20 billion images of people’s faces to create a global online …
Business
Business Live
New future for Newcastle city centre landmark building Cathedral Square
A North East real estate company is set to transform empty space at a prominent office block in Newcastle city centre into new flats. Cathedral Square, a 1970s office block built on the site of Newcastle’s former town hall, looks out over the Bigg Market and Newcastle Cathedral and is known as the starting point …
Business
Business Live
Life sciences firm Creo Medical in big revenue rise and tie up with US robotic venture
One of Wales leading life sciences firms, Creo Medical, has reported a near tripling in revenues and a collaboration agreement with a global leader in robotic- assisted surgery. The Chepstow-based Alternative Investment Market listed firm, which is developing and commercialising a suite of electrosurgical medical devices in the field of surgical endoscopy, has reported revenues …
Business
Sky News
Elon Musk wants a 25% discount on his Twitter bid if 25% of Twitter’s users are spam bots
Elon Musk has expressed support for receiving a discount on his Twitter bid equal to the percentage of users who are spam bots.The billionaire, who claims to be spending less than 5% of his time on the $44bn takeover, has made a number of comments in recent weeks criticising Twitter and its management team. Mr …
Business
Sky News
Windfall tax cannot be ruled out amid ‘extraordinary’ cost of living pressure says Treasury minister
Energy companies could face a windfall tax if they do not reinvest their bumper profits, a government minister has said as he acknowledged the “extraordinary pressures on family finances”.Simon Clarke, chief secretary to the Treasury, told Sky News’s Kay Burley that imposing such a levy could not be ruled out and that “all options are …
Business
Sky News
Energy chief says any windfall tax should fall upon ‘those with the broadest shoulders’
The boss of energy company E.ON has said any windfall tax in the UK should fall upon “those with the broadest shoulders” as consumers face a doubling in prices.Michael Lewis, E.ON’s chief executive, also said energy regulator Ofgem needed to look again at why prepayment meter customers are having to pay more for their energy …
Business
Euro News
Davos 2022: What to expect from the World Economic Forum’s most consequential meeting in 50 years
Business
Sky News
KPMG hit by latest in string of fines over Rolls-Royce bribery scandal
KPMG UK is facing the latest in a litany of multimillion pound fines for failings in its supervision of the accounts of Rolls-Royce Holdings, the aircraft engine manufacturer.Sky News has learnt that the big four auditor could be hit with a roughly-£4.5m penalty as soon as this week over work dating back more than a …
Business
Business Live
North East firms’ role in £5.6m ageing programme helping people live longer and happier lives
A £5.6m health programme designed to encourage businesses across Newcastle, North Tyneside and Northumberland to support people to lead longer, happier lives is set to launch. The Newcastle-based National Innovation Centre for Ageing (NICA) is working alongside the North of Tyne Combined Authority and innovation partner CPI to bring firms to The Catalyst to hear …
Business
Business Live
Expo aims to put North East at centre of net zero jobs drive
When Morpeth was hit by floods in 2008, it was said to be a once-in-a-century event. Unfortunately the town flooded again just four years later. As well as leading to better flood defences in the town and new ways of insuring properties in flood-prone areas, those events are said to have helped change the opinion …
Business
Sky News
Revealed: The least diverse job sector in UK – and what’s being done to change it
The Royal Agricultural University (RAU) is launching a new scholarship scheme to encourage more British students from ethnic minorities to enter the farming sector.The RAU, one of the leading agricultural institutions in the UK, hopes the two undergraduate scholarships will increase diversity and equality in the industry – which is predominately made up of white …
Business
Sky News
Trump’s commerce secretary plots £700m merger with UK’s Atom Bank
A senior figure in Donald Trump’s Cabinet is plotting a £700m deal that would see one of Britain’s biggest digital-only banks being listed on the US stock market.Sky News has learnt that a special purpose acquisition company (SPAC) set up by Wilbur Ross, who was President Trump’s commerce secretary between 2017 and 2021, is in …

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