Business

Web watchdog warns over knee-jerk regulation of social networks

[ad_1] Image copyright Getty Images Government regulation of social media and the internet could have "unintended consequences" for victims of sexual abuse, a charity has warned.The Internet Watch Foundation said that "knee-jerk regulation" in response to a string of data and privacy scandals could come at a "heavy cost".The UK government is expected to publish a White Paper that will lay out how it plans to tackle "online harms".Culture Minister
Business

How shampoo became a million dollar idea

[ad_1] Two centuries ago, it was used only by Indians. Nowadays, billions of us use it every day. We're talking about shampoo. The world lathers its way through almost $90bn-worth a year. But who made it the global way of washing hair? And do we really need to use so much of it? Here's Aaron Heslehurst.Video journalist: Jeremy Howell [ad_2] Source link
Business

What Iceland can teach us about paying men and women fairly

[ad_1] Image copyright Getty Images Last year, Iceland became the first country to make companies responsible for paying men and women equally. Equal pay - paying men and women the same for jobs of equal value - has been a legal requirement in Iceland, the UK and many other countries for decades. While other countries focus on gender pay, Iceland has put the onus on employers to show they follow
Business

Johnson & Johnson in US probe over baby powder claims

[ad_1] Image copyright Getty Images US authorities are investigating Johnson & Johnson, spurred by concerns about asbestos contamination of its talc products, such as baby powder.The inquiries by the Department of Justice and Securities and Exchange Commission follow news reports in December that said the firm had known about the risks for decades.The firm, which contested the reports, said it was co-operating.It also faces numerous lawsuits linked to the health
Business

Record UK government borrowing surplus in January

[ad_1] Image copyright Getty Images The chancellor's next Spring Statement has been given a lift after the government recorded its largest January borrowing surplus last month.Government finances were in surplus by £14.9bn last month, the largest January surplus since records began in 1993, official figures showed.The figure was £5.6bn greater than a year ago.The bumper surplus was driven by an increase in self-assessment income tax and capital gains tax receipts.Analysts
Business

Purplebricks shares dive on sales outlook shock

[ad_1] Image copyright Purplebricks Shares in estate agents Purplebricks plunged after it slashed its sales forecast and announced the departure of two senior executives.The company expects sales for the current financial year of between £130m and £140m. Its previous forecast was between £165m and £175m.Purplebricks blamed a "challenging" UK housing market and "headwinds" for its Australian business.The chief executives of the UK and US business will both be leaving.UK boss
Business

Standard Chartered puts aside $900m for potential fines

[ad_1] Image copyright Getty Images Standard Chartered is putting aside $900m (£690m) for potential fines involving investigations in Britain and the US.The money will cover separate investigations into breaches of US sanctions and foreign exchange trading issues.It also covers a £102.2m fine from the UK's Financial Conduct Authority related to financial crime controls.The provision will be included in the bank's results due next week.The bank, which is listed in London
Business

Centrica says 2019 profit to be hit by energy price cap

[ad_1] Image copyright Getty Images British Gas-owner Centrica said its profit this year will be hit by the energy regulator's tariff price cap.The company reported a 12% rise in annual group operating profits to £1.39bn for 2018, but described its performance as "mixed"."We have been very clear that we do not believe a price cap is a sustainable solution for the market," Centrica said.The company also said it plans to