New Zealand government’s move to prevent Huawei supplying a local mobile network with 5G equipment has raised questions about why the UK appears less concerned about use of the Chinese company’s technology. A press release from Spark, the New Zealand company involved, said it had been deemed that the deployment posed “significant security risks” – …
Image copyright AFP/Getty Image caption Mr Powell says gradual rate increases are the best way to balance risks Wall Street shares have risen sharply after the US central bank indicated there may not be as many future interest rate rises. In a speech, Federal Reserve Chair Jerome Powell said interest rates are “just below” a …
Bank of England Governor Mark Carney has set out what could happen to the UK economy if the country left the European Union in a no-deal scenario. He said unemployment and inflation would rise and the pound would fall sharply, but expected the banking system would function. Source by [author_name]
Image copyright AFP Image caption Mark Carney has previously said stress tests would ensure banks could survive a ‘disorderly Brexit’ A no deal Brexit would send the pound plunging and trigger a worse recession than the financial crisis, the Bank of England has warned. It said the UK economy could shrink by 8% in the …
Image copyright Reuters Image caption China is seeking to stop pedestrians flouting traffic laws Over-zealous AI systems in China have accused a woman pictured on the side of a bus of jaywalking. The face of Dong Mingzhu, who heads China’s biggest air-conditioner maker, was briefly shown on a billboard used to shame those who flout …
Image copyright Getty Images The Restaurant Group will go ahead with its £550m deal to buy Wagamama despite objections from several major investors. The firm, which owns chains including Frankie & Benny and Garfunkel’s, said just over 60% of the votes cast were in favour of the tie-up. Big-name shareholders had opposed the deal over …
Image copyright Getty Images The government has published its official economic analysis of the impact of its Brexit deal. It suggests the government’s version of Brexit could leave the size of the UK economy up to 3.9% smaller after 15 years, compared with staying in the EU. But a no-deal Brexit could deliver a 9.3% …
Image copyright Getty Images Getting families to put down their tablets and phones and talk to each other can be hard, but one restaurant chain is trying to persuade them. In a trial scheme parents willing to hand over their devices to restaurant staff will get free children’s meals. Frankie & Benny’s said figures showing …
A popular massage-booking app left thousands of customer records exposed, including complaints about those who had asked for sexual favours. Urban, previously known as Urban Massage, left its online database containing 309,000 customer profiles unsecured, a security researcher found. Among the records were allegations of sexual assault, linked to identifiable individuals. Urban said it was …
Image copyright Reuters Image caption The families of the victims visited the site of the crash to pay tribute Indonesian investigators have said the Lion Air plane that crashed last month killing 189 people was not airworthy and should have been grounded. The Boeing 737 Max plane crashed into the Java Sea shortly after departing …