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Chinese business & finance
China’s stockbrokers suffer pay cuts as markets decline
...The Securities Association of China launched its “Guidelines for Securities Companies to Establish a Robust Remuneration System” in 2022....
April 7, 2024
Motor sports
Ford urges Red Bull to be open over probe into F1 racing team principal Horner
...Under the deal, Ford would provide hybrid systems and other technical equipment for the cars, while for its own models it would benefit from Red Bull’s expertise in aerodynamics....
February 16, 2024
FT Live
Inside Politics: who will win the UK general election?
Exclusively for FT subscribers
Wednesday, 8 MayDigital Conference
Special ReportBusiness Legal Leaders
Post Office scandal exposes ethical dilemmas of general counsel
...Some of these reports found faults with internal systems and how they were managed....
April 23, 2024
Post Office scandal
MPs consider sanctions against ex-Post Office chief over Horizon scandal
...These appear to show that she had, in fact, been briefed in 2013 about “remote access” to the company’s Horizon system, which she had denied....
April 3, 2024
Post Office scandal
Post Office scandal victims call for the ‘truth’ as next phase of inquiry begins
...More than 900 sub-postmasters were convicted in cases involving data from Fujitsu’s faulty Horizon IT system following its introduction in 1999, including more than 700 brought by the Post Office itself....
April 8, 2024
Post Office scandal
Evidence of fraud ‘quite compelling’, says Post Office’s ex-managing director
...More than 900 sub-postmasters were convicted in cases involving data from the faulty Horizon IT system developed by Japanese software company Fujitsu following its introduction in 1999, including 700 brought...
April 12, 2024
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
Post Office scandal
What was Fujitsu’s role in the Post Office scandal?
...Why did Fujitsu develop the Horizon system?...
January 16, 2024
Arm Ltd
Arm unveils first chip design to power self-driving cars
...The twin trends of electrification and assisted or autonomous driving systems are increasing the importance of software — and the chips to run it — for automakers....
March 13, 2024
UK foreign policy
UK under growing pressure to halt arms exports to Israel
...The UK subsidiary of Israeli defence contractor Elbit Systems has also been a target of arms protesters for several years....
April 4, 2024
Post Office scandal
Ex-Post Office chief claimed sub-postmasters were tempted to steal, inquiry told
...The scandal resulted in more than 900 people being convicted for a range of offences including theft and false accounting in cases involving data from Fujitsu’s flawed Horizon system following its introduction...
April 10, 2024
Inside BusinessCheng Leng
Chinese banks’ global expansion faces new hurdles
...The cyber attack on ICBC FS is a costly reminder of the pitfalls of independent systems, and how the detachment from central command can impede swift action and crisis management....
April 8, 2024
News in-depthDementia
Alzheimer’s drug Leqembi falls short of blockbuster status in faltering US rollout
...“All eyes will be on what state-funded systems like the UK do as they scrutinise the risk-benefit calculation.”...
April 22, 2024
News in-depthPost Office scandal
Executive infighting adds to chaos facing the Post Office
...Trinder said the system was poorly designed, crashed often, and frequently made errors processing transactions....
March 2, 2024
Post Office scandal
Former Fujitsu executive steps down from Cabinet Office role
...He was appointed to the role responsible for managing the government’s relationship with BAE Systems in September 2019....
January 26, 2024
News in-depthPost Office scandal
Ex-judiciary chief warns on Post Office mass exoneration
...Burnett, who sits as a crossbench peer, did not rule out tabling amendments to the Post Office (Horizon system) offences bill once it reached the House of Lords....
April 5, 2024
FT Live
Innovative Lawyers Summit
Guiding business in a new global age
Wednesday, 11 SeptemberLondon, UK
Post Office scandal
HMRC gave Fujitsu £1.4bn in new contracts after landmark 2019 Post Office court case
...The data throws fresh light on the extent of the company’s dealings with government after faults in its systems became widely publicised....
February 10, 2024
Post Office scandal
Post Office lawyers told investigator to defend faulty IT system, inquiry hears
...He told the inquiry he was just a “small cog in the system” and that any concerns about the Horizon IT system that the Post Office might have had were not passed down to him by his superiors....
January 11, 2024
Post Office Ltd
Ex-Post Office chair accused of using ‘offensive’ term about job candidate
...head in recent months after a public outcry following an ITV dramatisation of the affair, in which more than 900 sub-postmasters were convicted in cases involving data from the company’s faulty Horizon IT system...
April 18, 2024
Post Office Ltd
Post Office chief executive ‘exonerated’ of misconduct after review
...recent months after a public outcry following an ITV dramatisation of the affair, in which more than 900 sub-postmasters were convicted in cases involving data from the Post Office’s faulty Horizon IT system...
April 17, 2024
Post Office scandal
Post Office told UK government it would oppose appeals by half of convicted sub-postmasters
...Between 1999 and 2015, 700 sub-postmasters were convicted in cases brought by the Post Office that involved data from the flawed Horizon IT system....
January 24, 2024
Post Office scandal
UK Post Office scandal exposes risks of Fujitsu’s hands-off approach
...Horizon itself was resurrected as an accounting system for the Post Office....
January 21, 2024
Semiconductors
Samsung boosts Biden’s chipmaking ambitions with Texas plant upgrade
...US chipmaker Intel has received the largest sum, up to $8.5bn, while GlobalFoundries, Microchip Technology and BAE Systems have also received funding....
April 15, 2024
Post Office scandal
Fujitsu says Horizon defects were hidden from courts in Post Office cases
...Right from the very start of deployment of the system, there were bugs, errors and defects, which were well known. To all parties,” Patterson said....
January 19, 2024
Post Office scandal
Fujitsu agrees to contribute to Post Office scandal compensation
...“We were involved from the very start, we did have bugs and errors in the system and we did help the Post Office in the prosecution of sub-postmasters,” he told MPs on Tuesday....
January 16, 2024
Nuclear energy
UK nuclear watchdog takes Sellafield operator to court over alleged IT breaches
...The company added that it had a “high degree of confidence that no such malware exists on our system”....
March 28, 2024

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