Damian Collins warns of ‘deepfake films’ showing doctored footage of politicians
Online disinformation is only going to get more sophisticated, the chair of the committee investigating disinformation and fake news, Damian Collins, has warned.
Related: Facebook labelled 'digital gangsters' by report on fake news
Continue reading...Decision to relegate four awards, including best cinematography and best editing overturned following protests by Martin Scorsese, Brad Pitt and others
Bowing to a backlash that had threatened to engulf an already blunder-plagued Academy Awards, the Academy of Motion Picture Arts and Sciences (Ampas) reversed its decision to present four awards during the commercial breaks of this year’s Oscar broadcast.
Related: Who should win? Critic Peter Bradshaw's Oscars picks
Continue reading...President said potential delay was justified as deal ‘must be the biggest in history’
President Donald Trump has conceded that he will delay planned increases in import duties on $200bn (£155bn) of Chinese goods if there is progress in trade talks in Washington next week.
Appearing to soften his demand for talks to conclude before 1 March, Trump said there could be a 30- or 60-day extension, should negotiators get closer to a deal. He said a delay was justified, based on the scope and scale of the talks. Speaking on the White House lawn, he said: “Trade with China – how big does that get? It must be the biggest deal in history.”
Continue reading...Company says move is a precaution in case WTO tariffs apply to EU-UK trade
Porsche is asking British customers to sign a contract committing them to pay a surcharge of up to 10% of their vehicles’ purchase price if there is a no-deal Brexit.
Cars made in Europe could attract tariffs of 10% if imported to the UK under the terms of the World Trade Organization, the default trading relationship if the UK and the EU are unable to agree a transition period before 29 March.
Continue reading...The race to head the World Bank opened with the US candidate already known. Other countries must stand up and be counted
With characteristic lack of restraint, the Trump administration last week jumped the gun on the World Bank presidential election process by naming David Malpass as its preferred candidate to succeed Jim Yong Kim.
The formal nomination process, which did not begin until the following day, is based on selection principles agreed in 2011 that put the emphasis on an “open, merit-based and transparent” appointment. It is high time those principles were put in practice.
Continue reading...James Brokenshire says Commons will have chance to block no-deal departure
The government has sought to buy Theresa May more time to put together a workable Brexit deal by promising MPs another say by the end of the month, as business leaders said the process was now in the “emergency zone”.
The communities secretary, James Brokenshire, said that if no finalised deal were put to the Commons by 27 February, MPs would again be given an amendable motion to consider. This would give them the chance to block a no-deal departure or make other interventions.
Continue reading...Investment bank might withhold cash from former boss Lloyd Blankfein over firm’s involvement in Malaysian affair
Goldman Sachs’s decision to potentially cut bonuses for top executives over the 1MDB scandal reflects an acknowledgement of shareholder and public outrage over the debacle.
The prestigious investment bank has announced that it could withhold millions of dollars in bonuses to former chief executive Lloyd Blankfein and two other retired executives depending on the outcome of ongoing inquiries into the Malaysian fund.
Continue reading...Businessman faces string of allegations by employees after injunction is lifted
Philip Green allegedly subjected people working in his business empire to abuse and other inappropriate behaviour that was at times racial, physical and sexual, according to a report.
A host of serious allegations were published on Friday evening by the Daily Telegraph after an injunction obtained by the businessman was lifted.
Continue reading...Although there is a cloud over economy, the silver lining is central banks are more dovish
After the synchronised global economic expansion of 2017 came the asynchronous growth of 2018, when most countries other than the US started to experience slowdowns. Worries about US inflation, the US Federal Reserve’s policy trajectory, trade wars, Italian budget and debt woes, China’s slowdown and emerging-market fragilities led to a sharp fall in global equity markets toward the end of the year.
The good news at the start of 2019 is that the risk of an outright global recession is low. The bad news is that we are heading into a year of synchronised global deceleration; growth will fall toward – and, in some cases, below – potential in most regions.
Continue reading...Newspaper will now be able to publish allegations of bullying and sexual harassment
The high court has brought Sir Philip Green’s legal action against the Daily Telegraph to an end, with the newspaper saying it will publish allegations of bullying and sexual harassment against the retail tycoon “in the coming days”.
The Topshop boss had been granted a temporary injunction blocking the Daily Telegraph from publishing allegations of misconduct made by five employees, who had all received substantial payments and signed non-disclosure agreements after settling their claims.
Continue reading...Fighting between UN-backed GNA and Libyan National Army over field closed since December
Fighting has broken out over the future of Libya’s largest oil field, as forces loyal to the UN-recognised Tripoli-based government battle Libyan National Army (LNA) forces led by Field Marshal Khalifa Haftar, the leading figure in fractured Libya’s east.
Al-Sharara field, 560 miles south of Tripoli, is capable of producing 315,000 barrels of crude a day – about a third of Libya’s total current output. But it has been closed by the Libyan National Oil Corporation (NOC) since December when the installation was seized by local tribes demanding the Tripoli government did more to lift the area out of poverty.
Continue reading...Goods dispatched in coming days may not arrive until after 29 March deadline
British exporters sending goods to far-flung destinations in the coming days risk being locked out of harbours around the world as a no-deal Brexit looms, business leaders have warned.
Independent trade experts and the UK’s biggest business groups said exporters could be dispatching goods from UK ports imminently that would not arrive until after the 29 March deadline. This raised the prospect of goods being stuck in ports or facing hefty additional costs in the event of a disorderly Brexit.
Continue reading...When Rutger Bregman and Winnie Byanyima spoke out about taxes at Davos they went viral. They talk with Winners Take All author Anand Giridharadas about why change is coming
Rutger: Winnie, why did the comments you and I made about billionaires and taxes at Davos go viral? Why do things seem to be changing right now?
Winnie: Why did we go viral? I think we said things that people have wanted to hear, especially on a big stage where powerful politicians and companies are represented. And they are rarely said. People go there and speak in coded words and praise themselves and spin out the stats that suit them, but for once we spoke plainly about the challenges that people face.
Continue reading...Keith Williams criticises micromanaging by government as one of the failings driving passengers away
Britain’s rail industry will “drive passengers away” if it continues to operate as it does now, according to the man leading the government-commissioned review into the working of the railways.
Keith Williams, the former British Airways chief executive, also suggested that the government had compounded problems by “micromanaging the industry” through ever more specific rail franchises.
Continue reading...Rolling coverage of the day’s political developments as they happen
Turning back to Marin Selmayr for a moment, Mina Andreeva, the European commission’s deputy chief spokeswoman has posted a tweet that seems intended to mollify Brexiters upset by the tone of his intervention earlier. She was responding to Fraser Nelson, editor of the pro-Brexit Spectator.
For the sake of completeness:
1/ @MartinSelmayr made clear that @MichelBarnier is @EU_Commission’s chief negotiator. https://t.co/AILUEJwCit
2/ @EU_Commission always open to listen - in full respect of national parliaments. Our position is expressed here: https://t.co/GKRKYR7pfM
Lord Trimble, the former Ulster Unionist party leader who won a Nobel peace prize for his role in the Good Friday agreement, has announced that he and others “are planning to take the government to court over the protocol on Northern Ireland - which includes the so-called “backstop” - as it breaches the terms of the Good Friday agreement.”
The announcement came in a three sentence press statement from Global Britain, a pro-Brexit thinktank. It said:
The Nobel peace prize winner and architect of the Good Friday agreement plans to initiate judicial review proceedings to ensure that the protocol is removed from the withdrawal agreement.
Lord Trimble says that alternative arrangements - as outlined in A Better Deal And A Better Future - should be put in place instead.
Continue reading...Rutger Bregman never intended to take billionaires to task over tax at World Economic Forum
Rutger Bregman had not really intended to stick it to the global elite. He never meant to have a pop at the idea that inequality could be solved by philanthropy or inviting Bono to Davos. But when the Dutch historian decided to go off-piste at the World Economic Forum and tell the assembled billionaires they should stop avoiding paying tax, he became an overnight social media sensation.
“It’s been a crazy week and just for stating the obvious,” said Bregman, when asked about a panel discussion at the WEF last month in which he said the issue was “taxes, taxes, taxes, and all the rest is bullshit in my opinion”.
Continue reading...Burger King’s Swedish operation revamps its menus to feature sandwiches categorized as ‘Not Big Mac’s’, with such names as ‘Anything but a Big Mac’ and ‘Burger Big Mac Wished It Was’
After McDonald’s lost its Big Mac trademark in the EU earlier this month, competitor Burger King wasted no time taking a big, juicy bite out of the world’s biggest burger chain.
Burger King’s Swedish operation recently revamped its menus to poke fun at McDonald’s loss. Under the header Not Big Mac’s (sic), the sign listed meal options like “Burger Big Mac Wished It Was,” “Like a Big Mac, But Actually Big” and “Big Mac-ish But Flame-Grilled of Course”.
Continue reading...Company had profit of $3.03bn, up from $1.86bn the previous year, as Bezos says Alexa devices helped performance
Amazon, the world’s largest company by market capitalisation, reported improved earnings and profits late on Thursday.
Related: From books to bullets: inside Amazon's push to 'defend' America
Continue reading...Rutger Bregman tells panel that the real issue is the rich not paying their fair share
A discussion panel at the Davos World Economic Forum has become a sensation after a Dutch historian took billionaires to task for not paying taxes.
In a video shared tens of thousands of times, Rutger Bregman, author of the book Utopia for Realists, bemoans the failure of attendees at the recent gathering in Switzerland to address the key issue in the battle for greater equality: the failure of rich people to pay their fair share of taxes.
Continue reading...Mustafa Sanalla says specialist unit needed to end repeated seizures of oil assets by militias
The head of Libya’s national oil company has said he wants to set up a national force armed with surveillance to protect the country’s petroleum assets after repeated seizures of oil installations by militias.
Mustafa Sanalla, the chairman of the National Oil Corporation (NOC), said the force would require an annual budget of $10m (£7.6m) and be under the control of the UN-recognised government. But the force could include members of the Libyan National Army (LNA) headed by Field Marshal Khalifa Haftar, the dominant figure in Libya’s east, he added.
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