Boris Johnson dismantles cabinet, Facebook shrugs off record $5bn privacy fine, and more top news
The news professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments.
Boris Johnson has overhauled cabinet just hours after becoming prime minister, giving leading roles to pro-Brexit allies. Dominic Raab was appointed foreign secretary, Priti Patel became home secretary and Sajid Javid was named as chancellor, while 17 of Theresa May’s senior ministers were sacked or quit. Johnson earlier promised to lead Britain out of the European Union with or without a deal by October 31. ? Here’s what people are saying.
Facebook has swiftly shrugged off the record $5bn (￡4bn) fine it was handed this week for mishandling users’ data. After being hit with the largest penalty ever imposed on a company for violating consumers' privacy rights, the social media juggernaut unveiled a resilient, better-than-expected earnings result — posting a $2.6bn (￡2bn) profit on Wednesday, which prompted a 3% rebound of its stocks. Facebook's earnings reveal was followed by an announcement it is being investigated by the Federal Trade Commission for possible antitrust violations. ? Here’s what people are saying.
Spare a thought for shop workers next time you use the self-service checkout. Around 72,000 retail workers lost their jobs in the past year, as online shopping and automation reduces demand for shop staff. The British Retail Consortium reports the number of employees fell 2.3% in the second quarter of 2019 versus the same period a year earlier — the 14th consecutive decline. Analysts forecast more than half of retail sales will be conducted online by 2028. ? Here’s what people are saying.
Planned strikes at Heathrow airport on one of the busiest weekends of the summer have been called off, according to union Unite. More than 4,000 Heathrow workers were set to strike on Friday and Saturday in a row over pay. Staff will now vote on a new pay offer. The news comes just days after British Airways lost its legal bid to halt a planned pilot strike. Passenger numbers at Britain’s busiest airport climbed to a record 38.8 million in the first half of this year. ? Here’s what people are saying.
Also… Boeing has reported its worst quarterly loss ever as costs pile up and the 737 MAX jets continue to be grounded following two fatal crashes ? Here’s what people are saying.
Self-driving robots may be hitting British streets sooner than we thought. UK startup The Academy of Robotics has developed an electric vehicle that it hopes will be Europe’s first roadworthy autonomous delivery service. “Kar-go” could start delivering packages in Surrey by the end of the year, it says, while reducing the cost of “last-mile” deliveries by 90%. McKinsey forecasts that more than 80% of parcels will be delivered autonomously in the next decade, although regulatory and insurance hurdles could slow its arrival. ? Here’s what people are saying.
Idea of the Day: Invest in both man and machine to build a resilient organisation, says Lynne Doughtie, US Chairman and CEO of KPMG.
“Talent and technology are both key to growth and there can be a push and pull between investing in one or the other.”
What's your take on today’s stories? Share your thoughts in the comments.
Director at Closebrook Properties.
5 年I didn't know Boris even had a cabinet let alone knew how to take one apart. Dark horse indeed!
Account Manager at FourPL
5 年Jake Hutchinson
DFS
5 年Boris is certainly a character! Britain is a mess in my opinion! I’m not racist, but I think we need to keep people out of our country until we sort it out. When we’ve done that we need to see what is beneficial to us. I’m not politically minded, but at least Bozza is making a decision. We’re a joke all around the world. We all vote for different reasons, employed by global companies, to self employed, having kids and not having kids all contribute to make voters differ, it’s a job I wouldn’t want that’s for sure. I think they’re all rubbish! We need fresh blood, real people who’ve lived a real life. With regards to the job losses due to self serve, it’s progress I guess. Technology taking over once again! Sad but true. We call our new generation for not talking because they’re stuck to their phone or Xbox, but we’re all effected. We don’t even chat to the checkout person no matter what our age. We’ll be a world of mute humans one day!