Google’s secret cache of medical data includes names and full details of millions – whistleblower
By: Ed Pilkington November 12, 2019 A whistleblower who works in Project Nightingale, the secret transfer of the personal medical data of up to 50 million Americans from one of the largest healthcare providers in the US to Google, has expressed anger to the Guardian that patients are being kept in the dark about the […]
Banking tech could lead to discrimination, says ex-regulator
By: Kalyeena Makortoff November 11, 2019 Banks can now more accurately identify ‘unprofitable’ or costly customers Advances in banking technology are putting vulnerable customers at risk of discrimination, a former City regulator has said. Mick McAteer, a former board member at the Financial Conduct Authority (FCA), said lenders and insurers were gaining access to tools […]
Global funds management giant rejects Scott Morrison’s attack on activist investors
By: ExecReview Nov 08, 2019 Global funds management giant Aberdeen Standard Investments has rejected prime minister’s Scott Morrison’s call for companies to listen to “quiet shareholders” as part of a comprehensive rebuff of the government’s attack on activist investors and the environmental movement. The UK’s biggest listed fund manager, which controls assets worth more than […]
How big tech is dragging us towards the next financial crash
By: Rana Foroohar November 8, 2019 In every major economic downturn in US history, the ‘villains’ have been the ‘heroes’ during the preceding boom,” said the late, great management guru Peter Drucker. I cannot help but wonder if that might be the case over the next few years, as the United States (and possibly the […]
Have billionaires accumulated their wealth illegitimately?
By: EconomistNov 07, 2019Billionaires have never exactly been popular with the radical left. But with a member of the nine-zero club sitting in the White House, and a decade of slow growth in living standards, some Democrats have taken to attacking billionaires to draw attention to their argument for root-and-branch economic reform. “Billionaires should not […]
The Doctor Will Skype You Now: Virtual Checkups Reach Bangladesh’s Isolated Islands
By: Jennifer Chowdury November 6, 2019 Fazila Begum grinned as she lifted up her hem to reveal a fading patch of scaly skin around her ankle. “Who knew this one little cream would work so fast?” she says. Fazila, 34, has been dealing with eczema for the past five years but never got it treated. […]
IBM, Bank of America team up to launch financial services-specific cloud
By: Imani Moise November 6, 2019 International Business Machines Corp (IBM.N) said on Wednesday that it has built financial services-specific cloud technology in collaboration with Bank of America Corp (BAC.N), which will be the first major bank to use the platform. The public platform, IBM’s first industry-specific cloud, is designed to meet the high regulatory, […]
Factbox: How the SEC is making life easier for corporate America
By: Reuters Nov 06, 2019 Under the Trump administration, the Securities and Exchange Commission (SEC) has taken more than two dozen measures – including trimming rules – that make life easier for corporate America, according to a Reuters analysis of SEC announcements and interviews with more than a dozen lawyers, academics and advocacy groups. Here […]
McDonald’s Fired CEO Is Getting Millions, Putting Spotlight On Pay Gap
By: Alina Selyukh November 5, 2019 Former McDonald’s CEO Stephen Easterbrook is getting an exit package of almost $42 million after his relationship with an employee was found to violate company policy. The size of his compensation puts a new focus on the widening gap between the pay at the top and the bottom of […]