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Tesco Bank appoints Gerry Mallon as Chief Executive

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Gerry will join from Ulster Bank, where he is currently Chief Executive. Prior to Ulster Bank, he was Chief Executive Officer of Danske Bank UK from 2008 to 2016. Gerry has also held senior positions at Bank of Ireland, McKinsey and Co, the Industrial Development Board for Northern Ireland, and the Northern Ireland Civil Service. Dave Lewis, Chief Executive of Tesco Group PLC, said: “I am delighted that Gerry is joining Tesco to lead Tesco Bank and sit on the Group Executive. He joins Tesco Bank at a time of increasing digital change i... Read More »

Most new cars must be electric by 2030, ministers told

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Homes also need to be built to a higher standard, the Committee on Climate Change - the official watchdog - says. The government says the UK is cutting emissions faster than any other G7 nation - and the committee agrees there has been a big shift under Theresa May. However, it says the UK will fall short of its ambitions unless ministers do more to turn pledges into reality. The warning comes less than a week after the prime minister launched a 25-year plan to protect the environment, including eradicating all avoidable plastic waste by 204... Read More »

Bitcoin: Warren Buffett warns cryptocurrency craze ‘will come to a bad ending’

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Warren Buffett isn’t buying the cryptocurrency craze. “I can say with almost certainty that they will come to a bad ending,” the Berkshire Hathaway CEO said during an interview with CNBC. As the price of bitcoin surged to a record high of nearly $20,000 (£14,800) in December, the alternative currency — and the idea of cryptocurrencies in general — generated intense interest from both amateur investors and from institutions like Goldman Sachs, which reportedly is setting up a cryptocurrency trading desk. Mr Buffett, known for his often-pre... Read More »

Mark Zuckerberg vows to ‘fix’ Facebook

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Mr Zuckerberg has famously set himself challenges every year since 2009. Facebook launched in 2004. Social media firms have come under fire for allowing so-called fake news ahead of US and other elections to spread. Facebook in particular has been criticised for allowing Russia-linked political ads in the run-up to the 2016 US presidential vote. Mr Zuckerberg said he intended to focus on "important issues", which he listed as "protecting our community from abuse and hate, defending against interference by nation states, or making sure that t... Read More »

London to host self-curated Azzedine Alaïa exhibition next spring

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Aretrospective on Azzedine Alaïa will open at the Design Museum in London next spring. Azzedine Alaïa: the Couturier will run for five months from 10 May and include more than 60 couture pieces from the Tunisian fashion designer’s 35-year body of work. Alaïa, who died last month of heart failure, had been working with the museum’s guest curator, Mark Wilson, on the exhibition, selecting rare pieces from his archive and providing documentation of his creative process. The Paris-based designer was widely celebrated for his ability to cut, f... Read More »

Macron proposes anti-fake news election law

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Emmanuel Macron has said he will overhaul media law in France this year to fight the spread of  "fake news" on social media. Since he was elected last year, the French President has criticized Russian media in particular, openly accusing TV channel RT of sowing disinformation about him via its website and social media during the presidential election. "If we want to protect liberal democracies, we must have strong legislation," Mr Macron told a news conference on Wednesday. Mr Macron said the legislation would concern social media platforms,... Read More »

Which big names in business are 2018’s ones to watch?

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Michael O’Leary In 2011, the chief executive of Ryanair, Michael O’Leary, outlined his pitch for one of the most sought-after honours in the world: “There hasn’t been a war in Europe for 50 years, because they’re all too busy flying on Ryanair. I should get the Nobel peace prize – screw Bono.” Shamefully, the Nobel committee continues to overlook O’Leary as a potential laureate, although he is increasingly being recognised in other areas. Having admitted that his company may not always have treated its passengers quite as they hoped, O... Read More »

Obama warns against ‘irresponsible’ social media use

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He warned that such actions were distorting people's understanding of complex issues, and spreading misinformation. His successor Donald Trump is a prolific user of Twitter, but Mr Obama did not mention him by name. Mr Obama was quizzed by Prince Harry on BBC Radio 4's Today programme. The ex-president said those in positions of power should be careful when posting messages, warning that social media is distorting civil discourse. He expressed concern about a future where facts are discarded and people only read and listen to things that reinfo... Read More »

Serena Williams to make comeback in Abu Dhabi after giving birth

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The American, 36, will play world number seven Jelena Ostapenko in an exhibition match on 30 December during the Mubadala World Tennis Championship. Williams, who has won an Open-era record 23 Grand Slams, said she was "delighted to be returning to the court". She gave birth to daughter Alexis Olympia Ohanian in September. Former world number one Williams has not played since winning the Australian Open in January. Coach Patrick Mouratoglou said in November that no decision had been made over whether Williams would play in the season's fi... Read More »

Winklevoss twins cut up their Bitcoin key to protect their fortune

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People laughed at the Winklevoss twins in 2012 when they started buying up bitcoin - lots of it. The two Harvard-educated entrepreneurs bought about 120,000 bitcoins when they were less than $10 each, using funds they got from settling a lawsuit against Mark Zuckerberg over their claim that they came up with the idea for Facebook. But nobody's laughing at Cameron and Tyler Winklevoss anymore. They confirmed in an interview with The New York Times that they had held on to their bitcoins as the price has skyrocketed - a coin was worth about... Read More »

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