How UK banks’ bonus rounds stacked up in 2016

Friday 24 February 2017 11:57 am Meanwhile, figures from Emolument showed Wall Street lenders are putting their UK rivals to shame, with bonuses for relatively junior staff rising as much as 16 per cent this year. whatsapp Emma Haslett whatsapp How UK banks’ bonus rounds stacked up in 2016 Bad news if you’re a UK-based banker: your bonus probably dropped this year.As bank results season came to a close, it turned out three out of the four major UK lenders shrank the size of their bonus pools this year – Lloyds was the only exception. Share RBS employees suffered the most, with their bonus pool shrinking eight per cent to £343m, from £373m the year before.Meanwhile, HSBC workers’ bonuses shrank 2.8 per cent, to £3.4bn, while Barclays’ bonuses edged down one per cent, to £1.5bn.But with runaway results showing a whopping £4.2bn pre-tax profit, Lloyds increased the size of its bonus pool by 11 per cent, to £392.9m. The average bonus awarded to UK-based analysts at the likes of Goldman Sachs, JP Morgan and Morgan Stanley rose to £16,250 this year, from £15,000 last year. “The results in the bank sector this week are significant, not just for the sector, but as an indication that the UK economy is starting to normalise,” said Jane Sydenham, investment director at Rathbone Investment Management.“While higher inflation and rising interest rates are a mixed blessing for consumers, they are generally good news for the banking sector… More than that, they bode well for the wider economy and we can all take some solace from this.”Read more: How to invest your yearly bonus by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeLearn It WiseWhat The Harry Potter Stars Look Like Out Of CostumeLearn It WiseRich HousesHere Are The Rankings For The World’s Most Beautiful WomenRich Housesweniix.comLook The Future of Carsweniix.comMortgage BenefitsArizona Will Pay Up To $271/Month Off Your Mortgage If You Have No Missed Payments And If You QualifyMortgage BenefitsWordsaTake A Deep Breath Before You See How Lisa Rinna Looks At HomeWordsatibgez10 Things You Should Know about Lewy Body Dementiatibgezgeasbest2Top 18 Reasons Why Cats Follow Us to The Bathroomgeasbest2anymuscle.com15 Symptoms of Diabetes You Shouldn’t Ignoreanymuscle.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror read more

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Business activity is growing at its slowest pace since September 2016

Helen Cahill Share whatsapp Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamourWant Thicker Hair? Follow These 12 StepsVegamourHow Often Can You Dye Your Hair?VegamourBest Wine Gifts & Wine Accessories at Every PriceGayotTips & Tricks for Styling Thin HairVegamour The measure was down on the month before, when output stood at 54.5, and it was lower than expected. Analysts had predicted it to come in at 54.2.Read more: Eurozone inflation just hit two per cent for the first time in four yearsSamuel Tombs, chief UK economist at Pantheon Economics, said the survey showed the UK is now “enduring stagflation”. He added that the services sector is now vulnerable due to rising prices; the survey showed that last month average input prices for businesses were rising at the fastest pace since August 2008. Friday 3 March 2017 9:52 am Business activity is growing at its slowest pace since September 2016 Business activity is growing at its slowest pace since September 2016, according to a survey of managers, suggesting that UK economic activity has “lost momentum”.IHS Markit’s purchasing managers’ index for the services sector fell to 53.3 in February – any figure below 50 denotes contraction. whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeThe Modern PostCelebrities who drive cars more expensive than your house!The Modern PostUndoYarnwe10 Most Difficult Zodiac Signs To LoveYarnweUndoCleverstRare Photos Of Diana – No. 9 Will Surprise YouCleverstUndoHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetUndoGarland Foundation RepairThe Prices For Foundation Leak Repair In Scottsdale Might Surprise YouGarland Foundation RepairUndoCookingAmourThis is What Happens to Your Body if You Eat Ginger Every DayCookingAmourUndoanymuscle.comProstate Cancer and Enlarged Prostate – Causes, Symptoms, Prevention and Treatmentanymuscle.comUndoGarage Door Repair Services | Search AdsThe Cost Of Fixing Your Garage Door May Surprise You!Garage Door Repair Services | Search AdsUndoStar BlvdThe Secret Behind Mark Wahlberg’S Dramatic Weight LossStar BlvdUndo Chris Williamson, chief business economist at IHS Markit, said: “A further slowdown in UK business activity growth in February adds to evidence that the economy has lost momentum after the impressive expansion seen at the end of last year.”Weaker consumer spending was a key cause of slower service sector growth, suggesting that household budgets are starting to crack under the strain of higher prices and weak wage growth.” read more

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Brexit boost: Natwest pledges an extra £2bn to help businesses through EU divorce

first_img whatsapp August Graham The bank has set aside an extra £2bn to support companies which rely on EU exports, labour or foreign exchange rates.Read more: Philips warns no-deal Brexit will hit British manufacturingThe bank says it beleives nearly 2,000 of its customers could benefit from the funding, and will be contacted in the coming weeks.Natwest has already approved £900m of the £1bn care package it announced in May this year.Head of commercial banking Alison Rose said: “To triple this initial figure to £3bn is tremendously exciting and we’re thrilled to be able to help British businesses keep growing. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Share Tuesday 23 October 2018 4:46 pm Brexit boost: Natwest pledges an extra £2bn to help businesses through EU divorce center_img Natwest has tripled its funding to prepare British business for Brexit. whatsapp Read more: Sterling could certainly tank, but it won’t be due to Brexit“The on-going Brexit process will also require businesses to think strategically and tactically about how to navigate what is still an uncertain period ahead.“We are committed to helping UK businesses access the right financing products so they can meet their short and longer term trade and working capital needs – whatever the outcome of the Brexit process.” Tags: Brexitlast_img read more

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Members block the UK’s bid to fast-track its post-Brexit entry into the World Trade Organisation

first_img Share Liam Fox said he wanted developing countries to ‘trade their way out of poverty’ Thursday 25 October 2018 5:01 pm The news means the UK will face a longer path towards using the WTO, by entering a lengthy period of negotiations.That means the process of joining the WTO could take years, Reuters said.However, the UK can still trade on uncertified schedules while negotiations take place.International trade secretary Liam Fox told parliament today: “Some trading partners have expressed reservations about our proposed treatment of tariff rate quotas. I am therefore announcing today that the UK intends to enter negotiations with relevant partners under Article XXVIII of the General Agreement on Tariffs and Trade.“The notification to formally invite claims in that process is now being prepared. Through the Article XXVIII process the aim is to reach a mutually satisfactory conclusion that maintains the balance of rights and obligations for the UK and our trading partners.” whatsapp whatsappcenter_img Joe Curtis Members block the UK’s bid to fast-track its post-Brexit entry into the World Trade Organisation The UK’s bid to fast-track its post-Brexit entry to the World Trade Organisation (WTO) failed today, after other countries expressed misgivings over Britain’s approach to tariffs. Fox did not name which of the 164 WTO states objected to the UK’s entry being fast-tracked, but it means that other countries can now ask Britain to make concessions in order to join.While the UK is already a member of the WTO, its membership is tied up with the EU’s, and it must have its own agreement in place to remain a member once it leaves the bloc.A Department for International Trade spokesperson said: “The large majority of our trading partners do not have any objections to our proposed goods schedule. A small number have submitted their concerns and would like to discuss further.“This was expected and does not impact our ability to trade independently. The terms we have set out will form the basis of our trade policy while we engage with our WTO partners to address their concerns.” Tags: Brexitlast_img read more

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Euro drops as ECB lowers growth forecast and confirms end to €2.6tn stimulus despite growth concerns

first_img Share Euro drops as ECB lowers growth forecast and confirms end to €2.6tn stimulus despite growth concerns Draghi said the bank’s outlook was one of “continuing confidence with increasing caution” citing an “atmosphere of general uncertainty” caused by geopolitical tensions, financial market volatility, emerging market vulnerability and the threat of protectionism.Its governing council also decided to hold interest rates at a monetary policy meeting in Frankfurt this afternoon and expected rates to remain the same “at least through the summer of 2019.”The ECB’s deposit facility rate, its main interest rate measure will remain at -0.4 per cent.The quantitative easing (QE) programme was launched in 2015 to aid the debt-ridden eurozone and has since lifted economic growth, wages and lending.The ECB said: “The Governing Council intends to continue reinvesting, in full, the principal payments from maturing securities purchased under the APP for an extended period of time past the date when it starts raising the key ECB interest rates, and in any case for as long as necessary to maintain favourable liquidity conditions and an ample degree of monetary accommodation.” The bank said it could close the QE programme as the economy was growing at a steady pace with inflation near its target of just under two per cent.“The decision to end QE now is more about politics than economics,” Aberdeen Standard Investments senior economist Paul Diggle said.“Winding up net asset purchases will please the hawks on the Governing Council, particularly the Germans, and if you squint hard enough the economic data can just about justify the decision,” he added.ECB President Mario Draghi is set to explain the decisions made by the committee later this afternoon. Tags: Trading Archive Callum Keown whatsappcenter_img Thursday 13 December 2018 1:10 pm The European Central Bank has confirmed plans to bring its €2.6tn eurozone stimulus programme to an end later this month despite concerns over growth.The bank’s bond purchasing programme, which began in 2015, will wind down at the end of the year as planned, it said today. But the ECB said it would continue to reinvest cash from maturing bonds for “as long as necessary” once it starts raising interest rates.The euro fell 0.25 to $1.134 as the bank revised down its growth forecasts to 1.9 per cent of GDP in 2018  and 1.7 per cent in 2019 compared with a previous estimate of 1.8 per cent.For inflation the ECB raised slightly its 2018 forecast to 1.8 percent but cut its 2019 forecast to 1.6 percent from 1.7 percent.President Mario Draghi said recent data had been “weaker than expected” and that the balance of risk, thought still broadly balanced, had moved to the downside in recent months.He added that the strength of domestic demand was still underpinning euro area expansion. whatsapp last_img read more

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UK not looking to delay Article 50, says Brexit secretary Stephen Barclay

first_img Jessica Clark The UK is not looking to extend Article 50, Brexit secretary Stephen Barclay has said, rebuffing reports that officials were seeking to move the 29 March deadline date.The Telegraph reported that British and European officials are discussing the possibility of extending Britain’s formal notice to withdraw from the EU. whatsapp UK not looking to delay Article 50, says Brexit secretary Stephen Barclay More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Tuesday 8 January 2019 9:52 am Share “The government’s policy is clear on this, the prime minister has said it on many an occasion: We are leaving the European Union on the 29th of March. We are not looking to extend,” Barclay told Sky News.The Telegraph cited three unidentified EU sources as saying British officials had been “putting out feelers” and “testing the waters” on an extension of Article 5 amid fears a Brexit deal will not be approved by March 29.Plans for a no-deal Brexit have been ramped up in recent days while Prime Minister Theresa May is preparing for MPs to vote on her withdrawal agreement on 15 January.If the deal is rejected, Britain faces leaving the EU on 29 March without a deal.Yesterday around 90 lorries rehearsed a no-deal Brexit journey from a disused Kent airport to the port of Dover. whatsapp Tags: Brexit People Theresa Maylast_img read more

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Digital finance technology is wonderful, but we must design it with consumers’ best interests at heart

first_img Jon Holt Digital finance technology is wonderful, but we must design it with consumers’ best interests at heart by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeParenting FactorLily From The AT&T Ads Is Causing A Stir For One ReasonParenting Factorbonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyBetterBe20 Stunning Female AthletesBetterBeinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comTotal Battle – Tactical Game OnlineThis Game Can Train Your Brain To Think StrategicallyTotal Battle – Tactical Game OnlineLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search Ads Thursday 10 January 2019 10:15 am Opinion Every morning, I browse my phone as I commute to work. I check my emails, the news, Twitter, and increasingly I open my various finance apps.I recently logged into my investment platform app and made a new investment – £1,000 in a startup Swedish retailer. Once the money was invested, I was applauded with a series of party streamers darting across my screen. It made me smile and added a little bit of excitement to my journey. But the buzz was short-lived, promptly followed by a thought that surely we should only celebrate if it gets me a return? Then, a further thought: was I becoming victim to the same tactics used by game developers, gambling firms, and social media networks?The instant gratification offered by making a new investment doesn’t really fit with the mantra that investing is for the long term.Mobile phones have completely reset society. While no one gets up to check the front door unless the doorbell rings, we all log into our phones without so much as a notification. Who would ever have imagined a world where “screen-time” was such an issue?I also have a pension app, where every day I monitor money that is being carefully managed to provide a return in 20 or 30 years’ time.As we venture further into a digital world, we will start to see financial firms link with third parties to offer customers an all-encompassing, seamless service. whatsapp City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. But like everything else in the world of finance, the transition needs to be handled with care. For every app that prompts us to spend, we need another that automates saving. For every digital party streamer that celebrates an investment, we need an equally alluring way to comprehend that company’s five-year business plan.Building better financial technology can and must be done by learning lessons from other sectors of the economy. Essentially, it has to be done with consumers’ best interests at heart. Let’s say that you pass a shop and the week before you hovered over an online advert for a coat in that shop. Your phone’s location tracker knows that you’re at that store, and can see that the coat you looked at is in stock and in your size, so your phone sends you an alert telling you that.Further, your banking app lets you know that you can afford it – perhaps with the help of a loan? The opportunities are endless.Returning to my investment in the Swedish retailer, the attention-grabbing nature of my app makes me a fickle shareholder. While asset managers have long debated the pros and cons of quarterly reporting, smart phones take the debate between transparency and short-termism to a whole new level.You may have mistaken me for someone who is anti-fintech – I most certainly am not. In a nation where one in five spends more than half their income the same day that they get it, we need to do everything possible to help people better manage money. Technology holds the key.Similarly, if banks, insurers, and asset managers ever want to see the days of meaningful growth reappear, they need to drastically reconsider their IT and begin to offer the sorts of experiences that social media sites and online retailers do. Share Tags: FinTech Twitter whatsapplast_img read more

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Fearless girl statue who faced down Wall Street bull comes to London Stock Exchange

first_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Wednesday 6 March 2019 4:01 pm Share whatsapp The “fearless girl” statue, which was was installed on Wall Street in 2017 facing down the statue of a charging bull, has come to London to mark international women’s day.The bronze statue was installed today in Paternoster Square against the backdrop of St Paul’s Cathedral and adjacent to the London Stock Exchange. Read more: High-earning women ‘won’t be on level par with men for 36 years’It was commissioned by asset manager State Street Global Advisers as part of a campaign to increase diversity on boards and at senior leadership level.The statue, which is by American sculptor Kristen Visbal, is 130cm tall and weighs about 110kg.Lori Heinel, deputy global chief investment officer for State Street Global Advisors said. “Studies have shown that companies with greater gender diversity at the senior leadership levels generate better returns than their peers. That drives our conviction to continue our engagement and voting efforts as we look to make further progress on this important topic.”Read more: Women must break our political barriers – society is counting on it whatsapp Catherine McGuinness, chair of the policy and resources committee at the City of London Corporation said: “This builds upon the City of London Corporation’s continuing efforts to increase the recognition of women in the City’s public realm.”London Stock Exchange chief executive David Schwimmer said: “The London Stock Exchange Group fully supports her mission of raising awareness of the importance of diversity on boards and within senior corporate leadership.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthParenting FactorLily From The AT&T Ads Is Causing A Stir For One ReasonParenting FactorInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruPost FunRare Photos Show Us Who Meghan Markle Really IsPost FunNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyLady GreatMaggie Wheeler Had To Live Like This Before ‘Friends’ HappenedLady GreatZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Fearless girl statue who faced down Wall Street bull comes to London Stock Exchange James Booth Tags: Company London Stock Exchange Grouplast_img read more

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Notre-Dame fire: LVMH and Gucci owners pledge €300m to repair historic Paris cathedral after blaze

first_img Notre-Dame fire: LVMH and Gucci owners pledge €300m to repair historic Paris cathedral after blaze French billionaire Bernard Arnault has pledged €200m (£173m) to rebuild Notre Dame in Paris as donors flock to save the heritage site, which was gutted by a blaze yesterday.Arnault, who is behind French firm LVMH, which controls fashion house Louis Vuitton and champagne maker Moet & Chandon, said the firm’s architects and creative team will also help repair the building. whatsapp It is still unclear what caused the fire, but speculation has raged that it could be connected to conservation work on the roof of Notre Dame where scaffolding still stands.The Associated Press news agency reported that the fire was extinguished this morning. After hours of battling, firefighters said this morning they had extinguished the blaze (Source: Getty) The fire seemed to start on the roof and then spread into the cathedral’s innards (Source: Getty)The fire raged for several more hours, with firefighters managing to avoid complete calamity by saving priceless pieces of art and artefacts from the inferno. Reports have emerged of one seriously injured firefighter French President Emanuel Macron led tributes to the cathedral and vowed to rebuild her. Share Pictures from last night show the 19th-century spire ablaze, it later collapsed through the roof (Source: Getty)It comes after Francois-Henri Pinault, the chief executive of Kering which owns Gucci and Yves Saint Laurent, pledged €100m to the efforts last night while the building was still on fire.Pictures have emerged this morning showing the devastation following the fire at the 850-year-old cathedral.center_img Tuesday 16 April 2019 9:10 am August Graham Firefighters struggled to contain the blaze last night (Source: Getty)Neighbours in Paris started noticing smoke billowing from the roof of Notre Dame at around 7pm last night local time. More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Video from the scene later showed a spire, a 19th-century reconstruction of the original, engulfed in the flames. It later collapsed, seemingly into the cathedral itself, provoking gasps and screams from the gathered crowds. whatsapp Tags: Trading Archivelast_img read more

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Huawei leak: Senior civil servant piles pressure on ministers to cooperate with probe

first_img Huawei leak: Senior civil servant piles pressure on ministers to cooperate with probe Joe Curtis Friday 26 April 2019 7:56 am Tags: Trading Archive whatsapp whatsapp Read more: Government ‘cannot exclude’ Huawei leak inquiryThat decision was made despite repeated warnings from the US that Huawei is being used as a spy by China, allegations the technology giant has denied.A number of cabinet ministers have denied involvement in the leak since Tuesday’s meeting, while culture secretary Sir Jeremy Wright yesterday warned a criminal investigation into the leak cannot be ruled out.Sedwill is leading an internal inquiry into the leak.Meanwhile, home secretary Sajid Javid, defence secretary Gavin Williamson and foreign secretary Jeremy Hunt have all denied being the source.center_img The UK’s foremost civil servant has piled pressure on cabinet ministers to cooperate with his inquiry about who leaked private security discussions at the top level of government.Sir Mark Sedwill has written to members of the National Security Council after the Telegraph reported that Prime Minister Theresa May is set to allow Huawei access to build parts of the UK’s 5G network. The leaked decision has split Tories, with a string of senior MPs labelling it “short-sighted” to allow Huawei’s involvement given various bans from other countries.Read more: Tory party divided over Huawei’s involvement in 5G network“Allowing Huawei into the UK’s 5G infrastructure would cause allies to doubt our ability to keep data secure and erode the trust essential to Five Eyes cooperation,” Tugendhat told the BBC yesterday.Damian Collins, chair of the Digital, Culture, Media and Sport Select Committee, said the decision was “serious cause for concern”. Share Reports suggest that people close to international trade secretary Liam Fox and international development secretary Penny Mordaunt have also denied any involvement.Javid called the leak “completely unacceptable” and Hunt called the confidentiality breach “utterly appalling”.Huawei is set to be able to build non-core parts of the UK’s 5G network, the Telegraph reported.However, Downing Street has said no formal decision will be made until the end of spring.“We want to ensure we see greater resilience in our telecoms network and that we are able to provide high levels of cyber security, but we also see diversity of suppliers,” May said.last_img read more

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