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Europe says employers must warn job applicants before checking them out on Facebook

Europe says employers must warn job applicants before checking them out on Facebook

Finance
Facebook reaches 2 billion monthly usersEurope has a message for employers: Think twice before you check the social media profiles of job applicants. European officials have issued new guidelines that warn bosses about the legal hazards of scrolling through the social media profiles of potential hires. The rules require employers to issue a disclaimer before they check applicants' online accounts, including Facebook(FB, Tech30), Instagram, Snapchat(SNAP), Twitter(TWTR, Tech30) and LinkedIn. If applicants don't see the warning, the company could be in breach of European Union data protection rules. Employers are also barred from compiling social media data as part of the hiring process unless it is "necessary and relevant" for a particular job. The guidelines are part of a lengthy docum...
Lenders must prove consumer credit protections

Lenders must prove consumer credit protections

Business
The Bank of England has handed UK lenders a deadline to show they are adequately protected against consumer credit risks as borrowing continues to soar.While its Prudential Regulation Authority (PRA) - which has powers to force credit curbs on banks - did not outline any new rules, it said lenders would have until September to demonstrate they had not overstretched themselves.Banks have been keen to lend because their profits have been under pressure from record low interest rates.The PRA's review of the consumer credit market was released just a week after the Bank reintroduced so-called countercyclical capital buffers to ensure banks have reserves to cope with any economic slowdown or sudden shocks.The Bank had reduced the buffers to zero last July after the Brexit vote in a bid to maint...
The one law of robotics: Humans must flourish

The one law of robotics: Humans must flourish

Technology
The science-fiction writer Isaac Asimov wrote about controlling intelligent machines with the three laws of robotics:A robot may not injure a human being or, through inaction, allow a human being to come to harmA robot must obey orders given to it by human beings except where such orders would conflict with the first lawA robot must protect its own existence as long as such protection does not conflict with the first or second lawAs so often is the case, science fiction has become science fact. A report published by the Royal Society and the British Academy suggests that there should not be three but just one overarching principle to govern the intelligent machines that we will soon be living alongside: "Humans should flourish."According to Prof Dame Ottoline Leyser, who co-chairs the Roya...
From July 1, PAN must be linked to Aadhaar

From July 1, PAN must be linked to Aadhaar

Finance
NEW DELHI: All those allotted permanent account number (PAN) as on July 1 will have to link it with their existing 12-digit biometric Aadhaar number, the government has said. Those applying for a new PAN will have to also mandatorily quote their Aadhaar number or Aadhaar enrolment ID. Both Aadhaar and PAN have already been made mandatory for filing tax returns, opening of bank accounts and financial transactions over Rs 50,000. “Every person who has been allotted permanent account number as on the 1st day of July 2017, and who in accordance with the provisions of sub-section (2) of section 139AA is required to intimate his Aadhaar number, shall intimate his Aadhaar number to the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) or the person
Queen's Speech: Petrol stations must 'go electric'

Queen's Speech: Petrol stations must 'go electric'

Technology
Petrol stations and motorway services will be required to install electric charge points, under plans outlined in the Queen's Speech.The measure forms part of a government push to increase the number of electric vehicles on UK roads.The Automated and Electric Vehicles Bill also contains plans to push driverless car technology.It includes an extension of car insurance to cover the use of automated vehicles.There are several trials of driverless cars ongoing in the UK.Car insurance will be extended to automated vehicles "to ensure that compensation claims continue to be paid quickly, fairly and easily", the bill says.Lawyers have long argued that getting the legal framework right is essential if automated cars are to become popular.Peter Allchorne, a partner at law firm DAC Beachcroft, said ...