Pensions pay gap: Men receive up to £29k more than women in state pension, study shows

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Many women have a smaller retirement savings pot because they take breaks in their careers
The pay gap continues after retirement, with men getting a better state pension deal than women, according to research from consumer group Which?.
Male pensioners stand to receive almost £29,000 in total more than women over the course of a typical 20-year retirement, based on the latest available data from the Department of Work and Pensions (DWP), which shows the average man receives a weekly pension of £153.86 while women get £125.98.
Read more Grandparents claiming pension boost for looking after grandchildren Scrapping state pension triple lock may increase poverty, report warns Fifteen million people aren’t saving for retirement, FCA boss warns The figures, which cover the three months to August 2017, show women receive on average 81.9 per cent of what men get, an improvement from 79.7 per cent in the same period of 2015 and 77.7 per cent in 2013.
Almost 13 million people currently..

India’s ATMs Are Running Out of Cash. Again.

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India’s ATMs Are Running Out of Cash. Again.
NEW DELHI — For the second time in 18 months, India has a shortage of cash. And like last time, economists say, it’s primarily the government’s fault.
Empty ATMs and bank restrictions on withdrawals have been reported in eight states this week, and some bank managers said the cash crunch has been building for months.
The government says the cash problem was caused by an unusual spurt in demand and will be eased within days. But if it persists, the shortage poses a political threat to Prime Minister Narendra Modi, whose administration has been hit in recent weeks from a series of stumbles. Most recently, he was criticized for his long silence over the horrific gang rape and murder of an 8-year-old Muslim girl that police say was committed by a group of Hindu men to terrorize the Muslim population.
On Monday, Sampath Kumar Lohati drove his scooter around Warangal, a city in the south Indian state of Telangana, for more than four hours trying ..

U.S. Said to Investigate AT&T and Verizon Over Wireless Collusion Claim

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U.S. Said to Investigate AT&T and Verizon Over Wireless Collusion Claim Photo Verizon and AT&T face accusations that they colluded with a group that sets mobile industry standards to try to restrict a new technology, currently in relatively few devices, that allows consumers to easily switch carriers. Credit Jeenah Moon for The New York Times WASHINGTON — The Justice Department has opened an antitrust investigation into potential coordination by AT&T, Verizon and a telecommunications standards organization to hinder consumers from easily switching wireless carriers, according to six people with knowledge of the inquiry.
In February, the Justice Department issued demands to AT&T, Verizon and the G.S.M.A., a mobile industry standards-setting group, for information on potential collusion to thwart a technology known as eSIM, said two of the people, who spoke on the condition of anonymity because the details are confidential.
The eSIM technology lets people remotely switch wireless provide..

HSBC faces protests at AGM over investments in arms companies supplying Israeli government

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Campaign groups demand bank divest from companies they say supply arms used for violence against Palestinians
HSBC faced protests at its annual general meeting on Friday from activists highlighting the bank’s investments in companies which supply Israel with weapons.
Campaign groups War on Want, the Palestinian Solidarity Campaign and Children international protested outside the shareholder event in Westminster, demanding that the UK’s largest lender divests from arms companies including Boeing, BAE Systems and Elbit Systems.
They say the defence companies have sold arms used for violence against Palestinians, including extrajudicial executions, attacks on unarmed protesters and house demolitions.
Read more Corbyn condemns Western 'silence' on Israel’s killing of Palestinians According to War on Want’s research, HSBC holds £831m worth of shares in, and is involved in syndicated loans worth at least £19.3bn to, companies that sell weapons and military equipment to the I..

US regulators hit Wells Fargo with $1bn fine

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It is the latest scandal to hit the 170-year-old bank
A leading US bank is to pay $1bn – the largest fine imposed since Donald Trump became president – as punishment for selling customers car insurance they did not need and charging them unnecessary mortgage fees.
In the latest in a series of scandals to hit the country’s third-largest bank, Wells Fargo will pay the sum as part of a settlement agreed with the Consumer Financial Protection Bureau (CFPB). However, none of the money will go to the victims of the bank’s actions.
According to the deal that was reached, the San Fransisco-based bank, which was founded in 1852, will pay $500m each to the CFPB and the Office of the Comptroller of the Currency. The fine is the first imposed by the bureau under Mick Mulvaney, who Mr Trump appointed to take over the consumer watchdog agency in last November.
World news in pictures 50 show all World news in pictures 1/50 19 April 2018 Outgoing Cuban President Raul Castro raising the arm of Cub..

The Saturday Profile: Long Before Cambridge Analytica, a Belief in the ‘Power of the Subliminal’

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Long Before Cambridge Analytica, a Belief in the ‘Power of the Subliminal’ Photo The offices of SCL Group in London. Its founder, Nigel Oakes, has stayed studiously in the background. Credit Andy Rain/EPA, via Shutterstock LONDON — Nearly three decades ago, an ambitious young London advertising executive named Nigel Oakes fell out with his partners, two psychologists, over a central claim of his new business: That using the tools of social science, he could plant motivations in a person’s brain without their knowledge, prompting them to behave as a client wished.
The psychologists considered his claims unscientific, and severed the relationship. “He wanted to exaggerate what was possible to do using psychology,” said Barrie Gunter, one of the pyschologists. Adrian Furnham, the other, said Mr. Oakes was convinced of “that mystical, incredible power of the subliminal.”
For years, Mr. Oakes kept trying, convinced he was on to something. But there was no breakthrough until the United State..

Bits: Kevin’s Week in Tech: Jeff Bezos Reminds Tech Who’s Boss

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Kevin’s Week in Tech: Jeff Bezos Reminds Tech Who’s Boss Photo Jeff Bezos, the chief executive of Amazon, released a letter to shareholders that included big numbers: 560,000 employees and more than 100 million Prime members. A smaller one: a median worker salary of $28,446. Credit Amy Harris/Invision, via Associated Press Each week, Kevin Roose, technology columnist at The New York Times, discusses developments in the tech industry, offering analysis and maybe a joke or two. Want this newsletter in your inbox? Sign up here.
Hello again! I’m finally getting back to a somewhat normal existence after last week’s Facebookpalooza. I even filed my taxes with several hours to spare, which is a first for me.
This week, as Mark Zuckerberg presumably took a very long nap, we heard from another tech billionaire — Jeff Bezos, the chief executive of Amazon, whose empire (and net worth) makes Mr. Zuckerberg’s look relatively modest.
Every year, Mr. Bezos’ shareholder letter is treated by many Amazo..