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Facebook could threaten democracy, says former GCHQ boss

Facebook could threaten democracy, says former GCHQ boss

Technology
Facebook could become a threat to democracy without tougher regulation, the former head of intelligence agency GCHQ has said. Robert Hannigan told the BBC the social media giant was more interested in profiting from user data than "protecting your privacy".It comes after MPs this week accused Facebook of striking secret deals over user data. The firm has also been criticised for its handling of fake news. In an interview with BBC Radio 4's Today programme, Mr Hannigan said: "This isn't a kind of fluffy charity providing free services. It's is a very hard-headed international business and these big tech companies are essentially the world's biggest global advertisers, that's where they make their billions."So in return for the ser...
Huawei boss charged by US 'had seven passports'

Huawei boss charged by US 'had seven passports'

Technology
US prosecutors have charged Huawei's chief financial officer with fraud, saying she had used at least seven passports in 11 years. American officials are attempting to prevent Meng Wanzhou from being bailed from a Canadian court after she was charged with conspiracy to defraud multiple financial institutions between 2009 and 2014.It is alleged the 46-year-old used Hong Kong company Skycom to access the Iranian market in deals that violated US sanctions.She allegedly assured US banks that Huawei and Skycom were different companies but prosecutors say they were one and the same.Meng was arrested in Vancouver on 1 December and appeared in one of the city's courts on Friday, where prosecutor John Gibb-Carsley asked the judge to deny her application for bail.He said that the dau...
Ted Baker boss takes leave of absence

Ted Baker boss takes leave of absence

Business
Fashion chain Ted Baker's chief executive Ray Kelvin is to take a voluntary leave of absence amid allegations of harassment.Last week, an online petition launched by employees accused 62-year-old Mr Kelvin of inappropriate comments and behaviour, including "forced hugging". Ted Baker said its committee and board had been made aware of "further serious allegations" against Mr Kelvin.Mr Kelvin said the claims had raised "serious and upsetting issues".The company has appointed a law firm to conduct an independent external investigation.And chief operating officer Lindsay Page has been named acting chief executive.The firm said it would not be making any further comment about the nature of the allegations while they remained under investigation.'I care deeply...
HS2 boss Sir Terry Morgan expects to be sacked

HS2 boss Sir Terry Morgan expects to be sacked

Business
The chairman of Britain's biggest infrastructure project has told Sky News he expects to be sacked within weeks. Sir Terry Morgan has been chairman of HS2 since August.He also became chairman of London's delayed Crossrail project in 2009.He is expected to leave within weeks after a series of problems raised doubts about his performance, the Financial Times reported.Sir Terry confirmed to Sky News that he expects to be asked to leave. Image: An architect's impression of the HS2 station to serve Solihull, the West Midlands, Birmingham Airport and the NEC HS2 is the government's £55.7bn planned high-speed rail network aimed at connecting London to Birmingham and to Manchester and Leeds.But critics say it is too ...
Bet365: UK's best-paid boss sees pay rise to £265m

Bet365: UK's best-paid boss sees pay rise to £265m

Business
The UK's best-paid boss, co-founder of online gambling firm Bet365 Denise Coates, has received another bumper pay rise.The firm's accounts show compensation, for the firm's "highest paid director" rising to £265m including dividends.That was £48m higher than the total she received last year as the popularity of online gambling continues to grow. However the industry is facing mounting criticism for not doing enough to deal with problem gambling and addiction.The privately held company is owned jointly by Ms Coates and members of her direct family, including her brother John who is joint chief executive and her father Peter, the firm's chairman. Last year Ms Coates' pay and dividends were reported to total £217m....