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Tag: fine

How to start a fine wine collection — on a budget

How to start a fine wine collection — on a budget

Finance
Competition for collectable wine can be fierce. Just ask Nicholas Paris, who holds the prestigious Master of Wine designation from the Institute of Masters of Wine in London. Paris, 42, who has worked in the wine industry for years, once helped field competing bids from two executives at major Fortune 500 firms over a bottle of wine being auctioned at Christie's. The executives, who were bidding by phone, did not know the identity of whom they were competing with over a 1947 Burgundy. But their determination to win helped drive the price from $ 8,000 ...
Facebook appeals against Cambridge Analytica fine

Facebook appeals against Cambridge Analytica fine

Technology
Facebook has appealed against a fine imposed on it by the UK's data watchdog after the Cambridge Analytica scandal.The social network says that because the regulator found no evidence that UK users' personal data had been shared inappropriately, the £500,000 penalty was unjustified.Last month, the watchdog said Facebook's failure to make suitable checks on apps and developers amounted to a "serious breach of the law".It has acknowledged the appeal.This was the last day on which the US firm could challenge the Information Commissioner's ruling.The affair stems from the discovery that an academic at the University of Cambridge - Dr Aleksandr Kogan - used a personality quiz to harvest up to 87 million Facebook users' details.Some of this was subsequent...
Google hit with 4.3bn euro Android fine from EU

Google hit with 4.3bn euro Android fine from EU

Business
Google is to be fined a record 4.3 billion euros ($ 5bn; £3.8bn) over its Android operating system, the BBC has learned.The European Commission's action followed a three year probe into claims the firm's mobile device strategy had unfairly strengthened its dominance of search.The penalty is set to be confirmed at a press conference in Brussels later.It will be the largest fine imposed by the regulator against a single firm.However, Google may challenge the ruling.Competition Commissioner Margrethe Vestager previously fined Google 2.4bn euros ($ 2.8bn; £2.1bn ) over a separate probe into its shopping comparison service - a ruling Google is in the process of appealing against.In addition, her team has a third investigation underway into the fir...
Facebook faces £500,000 fine from UK data watchdog

Facebook faces £500,000 fine from UK data watchdog

Technology
Media playback is unsupported on your device The UK's data protection watchdog intends to fine Facebook £500,000 for data breaches - the maximum allowed.The Information Commissioner's Office said Facebook had failed to ensure another company - Cambridge Analytica - had deleted users' data.The ICO will also bring a criminal action against Cambridge Analytica's defunct parent company SCL Elections. And it has raised concerns about political parties buying personal information from "data brokers".Specifically it named one company used by the Labour Party, Emma's Diary, which gives medical advice and free baby-themed products to parents.Facebook said it would respond to the report "soon".The ICO also said another company - Aggregate IQ - whi...