Month: June 2021

Inquiry will include company’s £1bn a year joint venture with Rishi Sunak’s father-in-law The Indian competition commission is to relaunch an investigation into Amazon’s selling practices, which will examine the company’s £1bn a year joint venture with UK chancellor Rishi Sunak’s billionaire father-in-law. The investigation, originally announced in January 2020, will proceed after an Indian …

Amazon fails to quash investigation into its Indian selling practices Read More »

Flotation values company at $2.2bn despite the fact its eVTOL aircraft is still to make its first test flight A UK start-up that makes flying taxis is to float on the New York stock exchange as Virgin Atlantic and American Airlines placed orders for as many as 1,000 of its prototype electric aircraft. Vertical Aerospace, …

UK air taxi firm Vertical Aerospace to float on New York stock market Read More »

FEC investigation failed to uncover link to Rally Forge, a firm with close ties to Turning Point USA A digital marketing firm closely linked to the pro-Trump youth group Turning Point USA was responsible for a series of deceptive Facebook ads promoting Green party candidates during the 2018 US midterm elections, the Guardian can reveal. …

Revealed: rightwing firm posed as leftist group on Facebook to divide Democrats Read More »

A witty investigation into the misogyny and bro culture of the world of startups and social media apps From John Carreyrou’s award-winning Bad Blood: Secrets and Lies in a Silicon Valley Startup to Reeves Wiedeman’s WeWork shakedown Billion Dollar Loser, the real-life stories coming out of startup land are so far-fetched that you could be …

The Startup Wife by Tahmima Anam review – a deft take on tech times Read More »

The Guardian’s Vincent Ni tells the story of a clandestine mission in The Documentary. Plus: more My Dad Wrote a Porno, and a bingeable, ballet-themed mystery The Documentary: When Kissinger went to China (from 12 Jun)The Guardian’s China affairs correspondent Vincent Ni hosts this episode of the podcast/radio show from the BBC World Service. We …

Inside Kissinger’s secret trip to China – podcasts of the week Read More »

Brazil-based company paid ransom in bitcoin after ransomware attack shut down operations across world JBS, the world’s biggest meat processor, has paid an $11m (£7.8m) ransom after a cyber-attack shut down operations, including abattoirs in the US, Australia and Canada. While most of its operations have been restored, the Brazilian-headquartered company said it hoped the …

World’s biggest meat producer JBS pays $11m cybercrime ransom Read More »

Move for 12% stake by Altice’s Patrick Drahi could be a good thing, though only time will tell A vote of confidence in the company? That’s always a board’s default spin on events when a billionaire buys a large stake, purrs politely about management but is slightly mysterious about his long-term intentions. The pitch is …

A billionaire buying bits of BT needn’t ring alarm bells | Nils Pratley Read More »

Cricket privilege | The Queen at Oxford | Nightingale torment | Breaking the internet While it’s good to see the England team wearing anti-discrimination T-shirts (Ollie Robinson Twitter racism storm obscures ECB’s decades of inaction, 9 June), perhaps the England and Wales Cricket Board should be wondering why the whole team is made up of …

The touch of a button that broke the internet | Brief letters Read More »

Police say they used ‘appropriate legislative powers’ during Operation Ironside but a lawyer representing people charged says legal concerns remain The Australian federal police have clarified the legal basis for a wide-ranging operation that ensnared hundreds of people using compromised encrypted devices developed by an FBI informant. The An0m devices were released in October 2018 …

Act giving AFP powers to monitor An0m devices did not become law until after FBI operation began Read More »

Growth of crypto-assets threatens financial stability and could increase risks faced by banks, they warn Global regulators have said cryptocurrencies such as bitcoin should come with the toughest bank capital rules to avoid putting the wider financial system at risk should their value collapse suddenly. The Basel Committee on Banking Supervision, which consists of regulators …

Global banking regulators call for toughest rules for cryptocurrencies Read More »