Business

Huawei launches a new legal challenge against US ban

Image copyright Getty Images Huawei has launched new legal action against the US over claims the Chinese telecoms giant poses a security risk. It comes after the US Federal Communications Commission (FCC) put curbs on rural mobile providers accessing a $8.5bn (£6.5bn) government fund to buy Huawei equipment. The firm said evidence that it is […]

Business

‘I would sell a kidney for the Baby Yoda toy’

Image copyright Jessica AllsopImage caption Instagram influencer Jessica Allsop wants a Baby Yoda toy so badly she’s willing to spend a lot of money “I want a Baby Yoda toy so badly that I’d consider selling a kidney,” jokes Star Wars fan and Instagram influencer Jessica Allsop, 26. Ms Allsopp, from Rubery, West Midlands, fell […]

Business

HSBC to bring in single overdraft rate of 40%

Image copyright Getty ImagesImage caption The bank said it would cut fees on unarranged overdrafts HSBC is to bring in a single overdraft rate of 39.9% for UK customers from March 2020, as much as quadrupling the rate it charges some customers. However, the bank is removing a £5 daily fee for going into an […]

Business

Leading UK commercial property fund suspended

Image copyright Getty Images Investors in one of the UK’s biggest commercial property funds – worth £2.5bn – have been temporarily prevented from taking out their money. Investment firm M&G said withdrawals from its property portfolio fund had been suspended after investors consistently withdrew their savings. The firm blamed “Brexit-related political uncertainty” and difficulties in […]

Business

Another Deliveroo TV ad banned for being misleading

Image copyright Deliveroo An advert featuring a woman diving into a Deliveroo delivery bag to retrieve multiple food orders has been banned. The Advertising Standards Authority said it might mislead viewers to think they “could order food from different restaurants to be delivered together”. The ASA received 300 complaints, the third highest of the year […]

Business

FaceApp may pose ‘counterintelligence threat’ says FBI

Image copyright FaceAppImage caption FaceApp alters users’ photos to make them look older or younger The FBI said FaceApp and other mobile applications developed in Russia pose a “potential counterintelligence threat”. The comments were made in a letter to US Senator Chuck Schumer after he called for an investigation into the app. The face-editing tool […]

Business

US mulls retaliation to French tech tax

Image copyright Getty ImagesImage caption US Trade Representative Robert Lighthizer said President Trump ordered the investigation The US is preparing tariffs on $2.4bn (£1.85bn) worth of French exports as retaliation against the country’s new digital services tax. The top US trade official said the new tax, which France approved in July, unfairly targets American tech […]