Business news

• Microsoft weighs TikTok purchase as ad business flattens out

  31-07-2020 23:37 via uk.finance.yahoo.com
  
  Microsoft Corpcould re-energize its advertising business with a huge supply of video if it follows through on acquiring TikTok's U.S. operations from ByteDance.Reuters reported on Friday, citing a source familiar with the matter, that Microsoft is in exploratory deal talks as the U.S. government prepares to force China-based ByteDance to divest its video app TikTok over data security concerns.Microsoft generates the bulk of its $143 billion in annual revenue by licensing software such as Windows
  
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• British teenager among trio charged in US over Twitter hack

  31-07-2020 23:31 via uk.finance.yahoo.com
  
  The three charges were filed against Sheppard in the Northern District of California, where Twitter is located.
  
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• Twitter hack: Bognor Regis man one of three charged

  31-07-2020 23:14 via bbc.co.uk
  
  A UK man and two people in Florida have been charged over the hijacking of US Twitter accounts.
  
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• British Airways pilots accept pay cuts, job losses negotiated by union

  31-07-2020 23:07 via uk.finance.yahoo.com
  
  "The deal means that there will be temporary 20% pay cuts reducing to 8% over two years and towards zero over the longer term", British Airline Pilots Association said in a statement."Regrettably, there will still be some compulsory redundancies which are currently estimated to be 270 although that number will fall as mitigations take effect", the statement added.Earlier this year, British Airways, which is owned by International Consolidated Airlines Group , was seeking to lay off a quarter of
  
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• High-profile figures targeted in Twitter hack

  31-07-2020 22:58 via uk.finance.yahoo.com
  
  Hackers break into the accounts of technology moguls, politicians, celebrities and global companies in an apparent Bitcoin scam.
  
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• Facebook raises settlement to $650 million in facial recognition lawsuit

  31-07-2020 22:57 via uk.finance.yahoo.com
  
  The social media giant reached a $550 million settlement in January regarding the same lawsuit, which started in 2015, when Illinois users accused the company of violating the state's Biometric Information Privacy Act in collecting biometric data.
  
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• Twitter hack: US and UK teens arrested over breach of celebrity accounts

  31-07-2020 22:17 via uk.finance.yahoo.com
  
  Twitter hack: US and UK teens arrested over breach of celebrity accounts. Three men charged in hack that saw accounts of Barack Obama, Joe Biden and Elon Musk compromised in bitcoin scam
  
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• Former Rio Tinto employees condemn destruction of 46,000-year-old sacred site at Juukan Gorge

  31-07-2020 22:00 via uk.finance.yahoo.com
  
  Former Rio Tinto employees condemn destruction of 46,000-year-old sacred site at Juukan GorgeSenate inquiry told mining company was in ‘serious breach of its own standards’ and destruction ‘was waiting to happen’
  
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• UK teenager Mason Sheppard among trio charged over hacking of Twitter accounts including Obama and Elon Musk

  31-07-2020 21:47 via uk.finance.yahoo.com
  
  Three people, including a 19-year-old from Britain, have been charged in the United States over a hack of high profile Twitter users earlier this month.The US Department of Justice said Mason Sheppard, from Bognor Regis, faces three charges in connection with an apparent cyber scam targeting around 130 accounts on the social media site on July 15.
  
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• BA pilots vote to accept package of job and pay cuts

  31-07-2020 21:46 via uk.finance.yahoo.com
  
  The union said there will be around 270 compulsory redundancies.
  
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• British teenager charged in US with aiding Twitter's biggest ever hack

  31-07-2020 21:39 via uk.finance.yahoo.com
  
  A British teenager has been charged with helping to orchestrate a massive cyber-attack which hijacked the Twitter accounts of major celebrities and brought the social network used by Donald Trump to its knees. The United States Department of Justice (DoJ) accused Mason John Sheppard, 19, of Bognor Regis, of finding buyers and brokering sales for another hacker offering illegal access to numerous Twitter accounts. Prosecutors charged Mr Sheppard with conspiracy to commit wire fraud, conspiracy to
  
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• British teenager charged in US over huge Twitter hack

  31-07-2020 21:39 via uk.finance.yahoo.com
  
  A British teenager has been charged with hacking the social media site Twitter and stealing thousands of dollars worth of Bitcoin by taking over the accounts of celebrities and business leaders. The US Department of Justice charged Mason Sheppard, 19, of Bognor Regis, with conspiracy to commit wire fraud, conspiracy to commit money laundering, and the intentional access of a protected computer. Mr Sheppard was one of three people charged with the hack, which took place earlier this month and saw
  
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• TikTok: Trump suggests US may ban Chinese-owned app

  31-07-2020 21:38 via uk.finance.yahoo.com
  
  TikTok: Trump suggests US may ban Chinese-owned app. The US is reportedly preparing to take action against the popular short video app over concerns for the security of personal data
  
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• TikTok: Trump reportedly to order parent company to sell Chinese-owned app

  31-07-2020 21:38 via uk.finance.yahoo.com
  
  TikTok: Trump reportedly to order parent company to sell Chinese-owned app. Microsoft is reported to be looking into buying the TikTok’s US operations as the app’s data privacy practices have come under fire
  
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• West Sussex teenager among those charged over major Twitter hack that targeted celebrities and politicians

  31-07-2020 21:28 via uk.finance.yahoo.com
  
  A teenager from Bognor Regis in West Sussex is one of three people who has been charged over the Twitter hack earlier this month, the US department of justice has said.The cyber attack saw the accounts of politicians and celebrities compromised.
  
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• Three charged with hacking Twitter accounts of Obama, Musk among others

  31-07-2020 20:56 via uk.finance.yahoo.com
  
  Mason Sheppard, a 19-year-old British man who went by the alias Chaewon, was charged with carrying out the hack, as well as related wire fraud and money laundering crimes, according to a Justice Department statement.Orlando-based Nima Fazeli, 22, nicknamed Rolex, was charged with aiding and abetting those crimes.The Justice Department did not name the third defendant, but the Hillsborough County State Attorney's Office in Tampa said it had arrested 17-year-old Graham Clark.
  
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• Florida teenager charged with hacking Twitter accounts of Obama, Musk among others

  31-07-2020 20:56 via uk.finance.yahoo.com
  
  The 17-year-old boy on July 15 posted messages under the profiles that solicited investments in bitcoin, a digital currency.Hillsborough County State Attorney Andrew Warren told journalists that his office had filed 30 felony charges against the teen, who was in state custody.
  
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• Florida teen masterminded Twitter hack that hit Biden, Musk accounts among others

  31-07-2020 20:56 via uk.finance.yahoo.com
  
  A 19-year-old British man and a 22-year-old man in Orlando, Florida were also charged under U.S. federal law with aiding the attack, the Justice Department said.Florida's State Attorney identified the 17-year-old as Graham Clark of Tampa and charged him as an adult with 30 felony counts of fraud.Clark netted at least $100,000 from the scheme by using the celebrity accounts to solicit investments from unsuspecting Twitter users.
  
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• Florida teen accused of masterminding Twitter hack that hit Biden, Musk

  31-07-2020 20:56 via uk.finance.yahoo.com
  
  A 19-year-old British man and a 22-year-old man in Orlando, Florida were also charged under U.S. federal law with aiding the attack, the Justice Department said.A Florida prosecutor identified the 17-year-old as Graham Clark of Tampa and charged him as an adult with 30 felony counts of fraud.Clark netted at least $100,000 from the scheme by using the celebrity accounts to solicit investments from unsuspecting Twitter users, state officials said.
  
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• Air Canada weighs order cancellations, blames travel restrictions, after second-quarter loss

  31-07-2020 20:49 via uk.finance.yahoo.com
  
  Air Canada shares dropped 6% in afternoon trade.The carrier blamed Canadian travel restrictions, which it called among the most severe in the world, even as rising COVID-19 cases in the United States dampen broader industry hopes for a swift recovery in air travel.Air Canada cabin crew workers on Friday echoed the carrier in urging a Canadian government bailout of the country's airlines if it will not relax restrictions.
  
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• Microsoft in talks to buy TikTok as Trump prepares to force sale

  31-07-2020 20:36 via uk.finance.yahoo.com
  
  Microsoft is in talks to buy the popular social media app TikTok, reports claim, as US president Donald Trump prepares to order its Chinese parent company to sell it. The move would mark the latest attack on Chinese firms by the Trump administration, which says companies including TikTok owner ByteDance and hardware giant Huawei are a threat to American national security. The US government has also said it might ban the app, which has millions of American users and is particularly popular among
  
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• Canada says requirements for Huawei CFO's extradition to U.S. met, documents show

  31-07-2020 20:25 via uk.finance.yahoo.com
  
  Meng, 48, was arrested in December, 2018, on a warrant from the United States, which alleges that she misled the bank HSBCabout Huawei's business dealings in Iran.Meng has been on house arrest in Vancouver since then, fighting extradition, and has said she is innocent.
  
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• British Airways to resume flights to Russia on Aug. 2 - Russian transport agency

  31-07-2020 20:23 via uk.finance.yahoo.com
  
  British Airways is expected to resume flights to Russia on Aug. 2, Russia's Federal Air Transport Agency said on Friday, as Russia plans to restart some regular international flights on Saturday.International flights were grounded on March 30 after the imposition of lockdown measures to curb the spread of the coronavirus, which has infected nearly 840,000 people in Russia.The first regular flight by Russia's Aeroflotwill fly from Moscow to Istanbul on Saturday.
  
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• White House to force China's ByteDance to separate from TikTok in U.S. - sources

  31-07-2020 19:46 via uk.finance.yahoo.com
  
  The United States is preparing to force ByteDance to shed the U.S. operations of TikTok over concerns the Chinese company's ownership of the popular short video app jeopardizes personal data, people familiar with the matter said on Friday.The move would represent a major blow for the Beijing-based company, which became one of only a handful of truly global Chinese conglomerates thanks to TikTok's commercial success.It is was not immediately clear how the separation would happen and what ByteDanc
  
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• U.S. set to unveil crackdown on China's ByteDance over TikTok - sources

  31-07-2020 19:46 via uk.finance.yahoo.com
  
  The United States is preparing to take action against China's ByteDance over concerns that the company's ownership of the video app TikTok jeopardizes personal data, according to people familiar with the matter.The move would force ByteDance to separate from TikTok, the sources said.It would represent a major blow for the Beijing-based company, which became one of only a handful of truly global Chinese conglomerates thanks to TikTok's commercial success.
  
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• Trump says will ban TikTok amid pressure on Chinese owner to sell

  31-07-2020 19:46 via uk.finance.yahoo.com
  
  President Donald Trump said on Friday he would sign an executive order as soon as Saturday to ban TikTok in the United States, ratcheting up the pressure on the popular short-video app's Chinese owner to sell it.The move would be the culmination of U.S. national security concerns over the safety of the personal data that TikTok handles.It would represent a major blow for TikTok's owner, Beijing-based ByteDance, which became one of only a handful of truly global Chinese conglomerates thanks to ap
  
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• TikTok faces U.S. breakup from Chinese parent as Microsoft circles - sources

  31-07-2020 19:46 via uk.finance.yahoo.com
  
  The White House is preparing to force Chinese internet giant ByteDance to shed the U.S. operations of TikTok, as potential buyers, including Microsoft Corp , are already in talks to buy the popular short video app, people familiar with the matter said on Friday.The move would be the culmination of U.S. national security concerns over the safety of the personal data that TikTok handles.It would represent a major blow for the Beijing-based company, which became one of only a handful of truly globa
  
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• Google says 20 U.S. states, territories 'exploring' contact tracing apps

  31-07-2020 19:36 via uk.finance.yahoo.com
  
  Alphabet Inc's Google said on Friday that 20 U.S. states and territories, representing about 45% of the country's population, are "exploring" contact tracing apps for the novel coronavirus using a tool it developed with Apple Inc.Google had previously said in May that three states - Alabama, North Dakota and South Carolina - would be launching apps using the exposure notification tool.On Friday, Google said the first of the U.S. apps would be released in the "coming weeks."
  
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• Portugal's CGD first-half profit plunges 41% as coronavirus bites

  31-07-2020 19:19 via uk.finance.yahoo.com
  
  Portugal's largest bank, state-owned Caixa Geral de Depositos, on Friday reported a 41% drop in first-half net profit, hurt by credit impairment charges due to the severe economic recession arising from the coronavirus pandemic.The National Institute of Statistics said earlier on Friday that Portugal's gross domestic product shrank a record 14.1% in the second quarter of 2020 as lockdowns hit key sectors of the economy."Net income was affected by the preventive reinforcement of impairments to de
  
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• Byron burger chain to cut more than half its staff after rescue deal

  31-07-2020 19:17 via uk.finance.yahoo.com
  
  Byron burger chain to cut more than half its staff after rescue deal. More than 650 jobs to go in another blow to high streets reeling from coronavirus crisis
  
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• Coronavirus: 'It's make or break for our business now'

  31-07-2020 18:53 via bbc.co.uk
  
  Businesses are dismayed about the decision to put lockdown easing on hold in England.
  
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• How Covid-19 has reshaped the jobs landscape in the UK

  31-07-2020 18:49 via uk.finance.yahoo.com
  
  How Covid-19 has reshaped the jobs landscape in the UK. The pandemic has created an employment boom in new sectors despite the devastation of the economy
  
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• Police welcome sentencing of PC Harper killers

  31-07-2020 18:46 via uk.finance.yahoo.com
  
  Detective Superintendent Stuart Blaik, of the Thames Valley Police Major Crime Unit, has welcomed the sentencing of those responsible for killing PC Andrew Harper last year. 19-year old Henry Long was sentenced to 16 years in prison, while 18-year-olds Jessie Cole and Albert Bowers, both received 13 years in a young offender's institute following the manslaughter conviction.
  
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• Twitter says hackers gained access to users by tricking staff over the phone

  31-07-2020 18:43 via uk.finance.yahoo.com
  
  The embarrassing July 15 attack compromised the accounts of some of its most high profile users.
  
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• James Murdoch resigns from board of News Corp over 'disagreements' about editorial content

  31-07-2020 18:35 via uk.finance.yahoo.com
  
  James Murdoch, the younger son of press and media mogul Rupert Murdoch, has resigned from the board of News Corp, according to reports.Mr Murdoch, 47, who has emerged as one of Joe Biden's larger donors and supporters, said he was standing down because of disagreements over editorial content published by the company, whose assets include Dow Jones and Company, The Wall Street Journal and the New York Post.
  
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• Demand for Tesla vehicles remained strong during pandemic, Musk says

  31-07-2020 18:35 via uk.finance.yahoo.com
  
  Musk, talking to Automotive News' Daily Drive podcast, said having a traditional dealer network - something he considered in the past - appears increasingly unnecessary."We saw strong orders through the whole pandemic, we still had a good order volume," Musk said.Asked about a 2020 meteoric stock rally that has pushed Tesla shares up more than 240% from the start of the year and made the company the world's most highly-valued carmaker, Musk said the market would eventually sort itself out.
  
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• This FTSE 100 beast keeps paying out billions in cash. I’d buy its shares today!

  31-07-2020 18:33 via uk.finance.yahoo.com
  
  In just one year, this FTSE 100 giant paid £3.65bn in cash to shareholders. I'd buy to grab a slice of this cash mountain.The post This FTSE 100 beast keeps paying out billions in cash. I'd buy its shares today! appeared first on The Motley Fool UK.
  
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• FTSE tumbles into the red after Government pushes back reopening plans

  31-07-2020 18:33 via uk.finance.yahoo.com
  
  The FTSE 100 closed 92.23 points lower at 5,897.76p at the end of trading on Friday.
  
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• ONS recognises full nationalisation of the UK railways

  31-07-2020 18:31
  Move by statistical agency came after train operators received coronavirus bailout
  
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• Burger chain Byron to slash 651 jobs and shut 31 restaurants

  31-07-2020 18:25 via uk.finance.yahoo.com
  
  The brand has been rescued by newly-formed company Calveton, in a deal which could only protect 20 restaurants and 551 employees.
  
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• EU wraps up Sanofi talks aimed at securing coronavirus vaccine

  31-07-2020 18:20 via uk.finance.yahoo.com
  
  "The envisaged contract with Sanofi would provide for an option for all EU Member States to purchase the vaccine," the European Commission said in a statement."It is envisaged that, once a vaccine has proven to be safe and effective against COVID-19, the Commission would have a contractual framework in place for the purchase of 300 million doses, on behalf of all EU member states."
  
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• EU poised to secure Sanofi deal for coronavirus vaccine

  31-07-2020 18:20 via uk.finance.yahoo.com
  
  The European Union's executive on Friday wrapped up preliminary talks with French drugmaker Sanofiaimed at securing its COVID-19 vaccine for the 27-country EU bloc, the latest deal with vaccine producers.Armed with an emergency fund of more than 2 billion euros (1.8 billion pounds), the European Commission wants to strike deals with up to six drugmakers for their vaccines for their 450 million citizens against the coronavirus that has killed 674,000 people worldwide.The Commission said the aim o
  
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• EU in talks to secure Sanofi deal for coronavirus vaccine

  31-07-2020 18:20 via uk.finance.yahoo.com
  
  Sanofi SAand GlaxoSmithKline Plcon Friday said they are in advanced discussions to supply up to 300 million doses of an experimental COVID-19 vaccine for the 27-country European Union.Armed with an emergency fund of more than 2 billion euros (£1.80 billion), the European Commission wants to strike deals with up to six drugmakers for their vaccines for their 450 million citizens against the coronavirus that has killed 674,000 people worldwide.The Commission said the aim of the talks with Sa
  
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• Owner of UK chip firm Arm reportedly in talks about sale to Nvidia

  31-07-2020 18:19 via uk.finance.yahoo.com
  
  Owner of UK chip firm Arm reportedly in talks about sale to NvidiaJapan’s SoftBank could offload semiconductor maker within weeks for at least $32bn
  
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• Bowling alleys hit out at reopening U-turn

  31-07-2020 18:16 via uk.finance.yahoo.com
  
  Hospitality bosses have lashed out at Boris Johnson’s “last minute” decision to U-turn on plans to allow vast swathes of the sector to reopen from Saturday. Bowling alleys, beauty salons, indoor music venues and casinos were among businesses forced to shelve their grand reopening plans this weekend after the Prime Minister said they must remain shut for at least another two weeks. The decision comes amid fears of a second wave and are part of efforts by ministers to curb the sp
  
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• JD Sports suffers second pay revolt

  31-07-2020 18:07 via uk.finance.yahoo.com
  
  JD Sports faced a backlash from investors at its annual meeting over salaries and bonuses for its top executives. A third of shareholders voted against the sportswear seller’s remuneration report, while 30pc pushed back on performance-related bonuses. The company, which is worth almost £6bn, said it was particularly disappointed with the level of opposition since it had invested “considerable time and resources” to improve its pay. Excluding the votes of Pentland, the ret
  
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• Frustrated companies fume at Boris Johnson's England lockdown U-turn

  31-07-2020 18:04 via uk.finance.yahoo.com
  
  Frustrated companies fume at Boris Johnson's England lockdown U-turnCoronavirus: beauty salons and casinos among high street businesses hit by last-minute change* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Ryanair to fight Irish travel restrictions in court

  31-07-2020 17:57 via uk.finance.yahoo.com
  
  Ryanairhas initiated legal proceedings against Ireland, questioning the legality of travel restrictions that have kept a quarantine policy in place for all but 15 countries, the airline said on Friday.The Irish carrier, Europe's largest budget airline, said it had begun the action to challenge what it described as the Irish government's "ineffective" green list of countries, for which a 14-day quarantine requirement does not apply.
  
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• Ryanair to fight Ireland's quarantine in court - Irish Independent

  31-07-2020 17:57 via uk.finance.yahoo.com
  
  Ryanairhas initiated legal proceedings against Ireland, questioning the legality of travel restrictions that have kept a quarantine policy in place for all but 15 countries, the Irish Independent reported on Friday.The Irish airline, the largest budget carrier in Europe, is seeking a judicial review of the decision that resulted in the production of a "green list" of countries, for which a 14-day quarantine requirement would not apply.Ireland has taken a more cautious approach to reopening its e
  
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• Byron Burger to more than halve its outlets and cut 650 jobs

  31-07-2020 17:56 via bbc.co.uk
  
  The burger chain is the latest High Street name to cut jobs after the coronavirus hit to trading.
  
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