Catch up with the latest business and finance news with our latest round-up

 

Cambridge Analytica files for bankruptcy in US

The company behind the Facebook data-sharing scandal has started bankruptcy proceedings in the US. The company have blamed a “siege of media coverage” for driving away customers.

Financial giant’s £50m ‘Girl Fund’ to back firms with good gender balance

Legal & General Investment Management is launching the first UK fund to prioritise investing in companies where women are well-represented at all levels.

Deputy Bank of England governor apologises for calling UK economy ‘menopausal’

Ben Broadbent has apologised after he called the UK economy ‘menopausal’ in an interview with The Daily Telegraph on Wednesday.

Amazon and Starbucks blast Seattle tax to fight homelessness

Both Amazon and Starbucks have criticised the new tax on firms to help fight homelessness. The tax will only apply to companies with annual sales of at least $20m a year.

GDPR fines uninsurable across almost all of Europe

According to a guide published by Aon, GDPR fines are not generally regarded as insurable in 20 of the 30 reviewed EU member states. These include the UK, France and Italy.

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