The Personal Data of 346,000 People, Hung on a Museum Wall

The Personal Data of 346,000 People, Hung on a Museum Wall Photo Last week, the authorities in Wuhan, China, ordered Deng Yufeng’s exhibition of personal data shut down after two days and began investigating him on suspicion of amassing the information illegally. Credit Deng Yufeng BEIJING — Deng Yufeng wanted to create art that prods people to question their lack of data privacy. What better way, he reasoned, than to buy the personal information of more than 300,000 Chinese people off the internet and display it in a public exhibition?
The police did not appreciate the irony.
Last week, the authorities in the Chinese city of Wuhan shut down Mr. Deng’s exhibition in a local museum after two days and told him that he was being investigated on suspicion of amassing the information through illegal means.
Mr. Deng’s project coincides with a growing debate about the lack of data privacy in China, where people are starting to push back against tech companies and their use of information. Onl..

Rolls-Royce warns Trent 1000 engine problems will lead to higher costs

Issues with engines used for Boeing's Dreamliner aircraft
Rolls-Royce warned on Friday that it faces higher costs in 2018 due to problems with its Trent 1000 engines.
The engineering giant said in a statement to the London Stock Exchange that it has decided to carry out additional engine inspections, on top of those already planned, which it disclosed in its results for 2017.
Read more Rolls-Royce to boost balance sheet with £610m sale of tech business Rolls-Royce warns it could cut more jobs despite £4.9bn profit Rolls Royce warns Brexit will disrupt global supply chain According to Rolls-Royce, the extra inspections are driven by “further understanding of the durability of the Trent 1000 Package C compressor”.
The FTSE 100-listed firm said this will lead to additional disruption for customers, including Boeing, which uses the Trent 1000 in its Dreamliner aircraft, as well as increased costs.
The company said it was “reprioritising various items of discretionary spend”..

David Schwimmer joins London Stock Exchange Group as new CEO

Joins from 20-year career at Goldman Sachs
London Stock Exchange Group (LSEG) has appointed David Schwimmer as chief executive, ending a long search for a replacement for previous boss Xavier Rolet.
Mr Rolet stepped down in November 2017, a year earlier than originally planned, after a boardroom battle with shareholders unhappy with the departure.
Read more London Stock Exchange hit with chaotic Xavi-exit Mr Schwimmer joins from Goldman Sachs, where he has worked for 20 years, most recently as global head of market structure and of metals and mining in its investment banking operation. He also previously served as chief of staff to Goldman boss Lloyd Blankfein when he was president and COO at the bank.
“David is a leader with great experience in the financial market infrastructure sector, which he has been closely involved in throughout his investment banking career, as well as capital markets experience in both developed and emerging markets. He is well known for his robust ..

A Libyan Strongman Looks to Washington, but a Health Crisis Looms

A Libyan Strongman Looks to Washington, but a Health Crisis Looms Photo In Benghazi’s devastated downtown, ex-fighters warmed themselves over a bonfire made from broken furniture. The forces of Gen. Khalifa Hifter routed the last Islamist militias from Benghazi in December. Credit Declan Walsh/The New York Times BENGHAZI, Libya — Pulverized buildings daubed with the names of fallen fighters line the ghostly seafront in Benghazi, Libya’s second largest city. Land mines and booby-trapped bodies are scattered across the rubble. At night, men huddle over bonfires piled with broken furniture.
This picture of devastation is what victory looks like for Gen. Khalifa Hifter, the military strongman whose forces routed the last Islamist militias from Benghazi in December. After three years of grinding combat, and with the help of foreign allies, General Hifter now controls most of eastern Libya and has become the most powerful if polarizing figure in a fractured landscape.
Now, as he aims to cons..

Brexit: Confidence in UK economy turns positive for first time since Article 50 triggered

The rise follows earlier jump after December’s announcement of progress in phase one of Brexit talks
Optimism about the UK’s economy is higher than at any time since Theresa May triggered Article 50 last March, according to a survey of company directors.
The rise in confidence follows an earlier jump after December’s announcement that sufficient progress had been made in the first phase of the Brexit talks.
The UK’s uncertain trading status with the EU has fallen out of the top three concerns of business leaders for the first time since withdrawal negotiations began, the Institute of Directors found.
Read more Airbus warns hard Brexit will cause business to ‘grind to a halt’ Economic conditions, skills shortages and compliance with government regulation now occupy the top spots.
A net balance of 1 per cent more of those asked thought the prospects for the economy were good, while the balance was 47 per cent when bosses were asked about the outlook for their own company.
Tej P..

Decline in bees puts supply of raw materials for global business at risk, says report

Businesses face the threat of declining bee populations and other pollinating species crucial to the development of crops
Businesses face a shortage of raw materials and a drop in the quality of crop as the number of bees decline worldwide, a new report warns.
Approximately three quarters of crops around the world depend on pollination, all of which could soon be threatened as more than a third of wild bee and butterfly species face extinction, according to a joint study by the UN, the University of East Anglia and Cambridge University.
Major businesses, including Asda, the Body Shop, Mars and Pepsico, say they are unable to take action largely because of uncertainty around which crops and regions are vulnerable to the decline in pollinators such as bees.
Read more National Grid profit warning after £140m hit from extreme weather “The role pollinators play – be it tiny midges for cocoa or squirrels for coconut – is not well understood and can be taken for granted,” says Jos van ..

Pensioners paying £4,300 each to bankroll children and grandchildren, study finds

Women are slightly more generous than men, expecting to provide an average of £374 a month to family members
Nearly a third of people planning to retire this year are bankrolling family members as well as paying for their own retirement, new research has found.
A survey found 31 per cent of people are paying out £4,300 a year on average, increasing pressure on their own retirement plans and income.
They are providing financial support to three people on average with their or their partner’s children the most likely (56 per cent) to be receiving money.
Read more Number of people retiring after age 70 doubles since 2010 Among those paying for younger generations, a quarter said they were giving money to grandchildren, 8 per cent to their parents and 2 per cent to their grandparents.
Nearly one in five expecting to retire this year estimate they provide more than £500 a month to family members.
The money is most commonly used to cover everyday living costs such as food and tra..