Building firms which set up a “systematic blacklist” of workers do not appear to be taking full responsibility for their actions, according to MPs.
View post: Building firms blacklist angers MPs
Category : Business
Japan’s Nikkei reached its highest level in almost five years Friday, adding momentum in the wake of aggressive actions by the Bank of Japan to counter persistent deflation by pumping more money into the economy.
Originally posted here: Nikkei mounts another rally after BoJ decision
Search firm to be asked why it hasn’t changed privacy policy since being found in breach of European law over users’ data
Google representatives are to be summoned to appear before European data protection officials over concerns about the way it collects data on web users.
The US search company will be asked to explain why it has not taken “any precise measures” to change its privacy policy since October 2012, when authorities found it was in breach of European law.
On Thursday, a coalition of 30 data protection officials, including Britain’s information commissioner, demanded “significant progress” from Google before the summer.
The statement said: “In October 2012, the Article 29 Working Party highlighted deficiencies in Google’s privacy policy and gave some recommendations to Google on how to address these.
“To date, considering that Google has not taken any precise measures in response to those recommendations, the requirements of Directive 95/46/EC are still not complied with.”
An inquiry by European privacy regulators, led by France’s CNIL, criticised Google for its “uncontrolled” and “excessive” collection of information about internet users, in some cases without their consent. The statement continued: “DPAs [data protection authorities] will continue their investigations in close cooperation and take all necessary actions according to their competences and powers. Significant progress on these actions will be made before summer. A taskforce led by the French DPA (CNIL) will help to coordinate these actions.”
The authorities are concerned about changes Google introduced to its privacy policies in March last year. The changes were made to “unify” how information is collected across approximately 60 products, including YouTube GoogleMail, Google has said.
But an investigation by the data protection bodies concluded that the company gives insufficient information or control to its users about how it handles their information.
The watchdogs recommended Google change its policy to allow users to choose when their information is combined and make it easier for people to opt out.
A spokesperson for Google said: “Our privacy policy respects European law and allows us to create simpler, more effective services. We have engaged fully with the CNIL throughout this process, and we’ll continue to do so going forward.”
Previously, Google has said it is confident that its privacy notices “respect European law” and that it was reviewing the findings of the data protection officials.
Category : World News
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Sunward Reports Financial Results for the Three and Nine Months Ended December 31, 2012
Canada NewsWire
VANCOUVER, Feb. 8, 2013
VANCOUVER, Feb. 8, 2013 /CNW/ – Sunward Resources Ltd. (“Sunward” or the “Company”) (TSX: SWD; OTCQX:
Category : Stocks, World News
Egypt’s EGX 30 is +4.8% after Egyptian President Mohamed Mursi revokes a decree that would have exempted his decisions from judicial review. However, a referendum on the controversial constitution will still take place on Saturday. Mursi’s actions had caused violent protests and sent shares plunging. 
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Category : World News
XSPrisa(TM) Provides Financial Institutions With SaaS Access to Global Corporate Actions Data
Originally posted here: Interactive Data’s Global Corporate Actions Data Available Through XSP’s New Cloud-Based Offering
Category : World News
Clean Diesel (CDTI) +0.5% AH after offering support for the Manufacturers of Emission Controls Association’s recent statement regarding the slow pace of diesel retrofit sales under the mandatory California Truck and Bus Regulation. CDTi believes this may partly stem from the level of operator education and the intensity of state enforcement actions. Post your comment!
European Central Bank president Mario Draghi said Thursday that the ECB will not intervene in the government debt market unless countries take certain actions.
Visit link: ECB ties bond market aid to government cuts
NEW YORK (TheStreet) — The term “European Theater” was first coined during World War II. Today in the financial markets, the term has come to symbolize an ongoing soap opera, where the audience is continually held in suspense as the bad actors (the politicians) promise actions and solutions to current crises, which have been created by their prior actions. Each time solutions are proposed, the audience breathes a sigh of relief (i.e., relief rally in the equity markets) only to be disappointed when they find out that the solutions won’t work or can’t be implemented.
As a result, the crisis and suspense continues, keeping the audience’s total attention (even while dinner on the stove at home is burning). Meanwhile, a new issue or crisis appears, it seems, on a daily basis. Likely New Episodes Daily we watch yields on Spanish and Italian debt move ever higher, now in zones where other countries have cried “uncle” and asked for bailout help. At the same time, the credit default swaps on Spanish and Italian debt have risen to record levels.
New Episode: Will the capital markets force a Spanish bailout by locking Spain out of the debt markets? Spanish bank recapitalization: We have recently learned that the European Central Bank is willing to impose losses on the shareholders and junior bondholders of some of the Spanish savings banks. (When they bailed out Ireland, all bondholders were saved.) The draft of the document meant to give Spain’s banks 100 billion euros has this provision, but the periphery’s finance ministers are opposing it….
Visit link: New Soap Opera: The Comedy of Euros
Category : Business
Six men are sent to prison for a total of 16 years for insider dealing, with the judge describing their actions as “deliberate, planned and dishonest”.
The rest is here: Six jailed for insider dealing