LONDON (Reuters) – British online payday loans provider Wonga.com launched a credit service for small businesses on Monday, aiming to fill a gap in the market left by banks who have been hamstrung by tight lending conditions imposed since the credit crunch.
Wonga, which has made 4 million short-term loans to consumers since its launch in 2007, will offer small businesses loans of 3,000 to 10,000 pounds ($4,800 to $16,200) for periods of between one and 52 weeks.
LONDON (Reuters) – Members of Britain’s ruling Conservative party repeatedly tried to soften language directed at Rupert Murdoch and his son James in a parliamentary report, before they ultimately decided to vote against it in its entirety.
The Culture, Media and Sport committee found after its five-year investigation that Rupert Murdoch was unfit to run a major global company and was responsible for a culture of illegal phone-hacking that has shaken his media empire.
LONDON (Reuters) – Rupert Murdoch is unfit to run a major international company and should take responsibility for a culture of illegal phone hacking that has shaken News Corp, a powerful parliamentary committee said on Tuesday.
Pulling few punches, MPs focused on the failings of the 81-year-old News Corp chief executive, his son James and a company which they said had showed “wilful blindness” about the scale of phone-hacking that first emerged at Murdoch’s News of the World newspaper.
LONDON (Reuters) – Rupert Murdoch is unfit to run a major international company and should take responsibility for a culture of illegal phone hacking that has shaken News Corp, a powerful British parliamentary committee said on Tuesday.
Pulling few punches, lawmakers focused on the failings of the 81-year-old News Corp chief executive, his son James and a company which they said had showed “willful blindness” about the scale of phone-hacking that first emerged at Murdoch’s News of the World newspaper.
LONDON, May 1 (Reuters) – Newspaper magnate Rupert Murdoch
and his son James will be in the firing line on Tuesday when a
British parliamentary committee issues its verdict on a
phone-hacking scandal that has made the family name politically
Committee members have said they were obstructed and put
under surveillance by Murdoch’s News Corp during their
five year investigation into the hacking of the phones of
celebrities, murder victims, politicians and soldiers for
LONDON (Reuters) – Organizations taking part in the most ambitious expansion of the Internet so far will find out next week whether their applications for new domain names could have been viewed by competitors as a result of a software bug.
The U.S. non-profit Internet Corporation for Assigned Names and Numbers (ICANN), which operates the Internet’s naming system, has been inviting Organizations to apply to own and run their own domains, for example .apple, .nyc or .gay, instead of entrusting them to the operators of .com, .org and others.
LONDON/WASHINGTON (Reuters) – Rupert Murdoch is famous for not taking advice, but even the world’s most powerful media mogul had to submit to days of preparation by top lawyers before testifying to a British press ethics inquiry.
Although the 81-year-old appeared impetuous in many of his retorts and barbed one-liners, he had been prepared for the Leveson Inquiry by two of his company’s top legal minds, according to people familiar with the coaching who declined to be named because they were not authorized to speak on the subject.
LONDON (Reuters) – Rupert Murdoch blamed News of the World journalists for conspiring to cover up a culture of phone-hacking at the tabloid, saying they hid their activities from his son James and protégée Rebekah Brooks and that he personally was not paying attention.
In a second day of testimony in Britain’s High Court on Thursday, Murdoch painted a picture of a rogue culture at the best-selling Sunday tabloid, in an echo of his company’s now abandoned defense that a single “rogue reporter” was to blame.
LONDON (Reuters) – Rupert Murdoch rejected accusations on Wednesday that he used his media empire to play puppet master to a succession of prime ministers, electrifying a media inquiry that has shaken the government and unnerved much of the establishment.
The appearance before a judge by the world’s most powerful media mogul was a defining moment in a scandal that has laid bare collusion between ministers, police and Murdoch’s News Corp, reigniting long-held concerns over the close ties between big money, the media and power in Britain.
LONDON, April 25 (Reuters) – Rupert Murdoch is used to
slipping into Downing Street by the back door for discreet
meetings with prime ministers, but there was no such privacy on
Wednesday when he faced a grilling about his political influence
in the full glare of the world’s media.
It was one of the most extraordinary days in a career
spanning six decades that has seen the owner of a provincial
Australian newspaper morph into a global media magnate credited
with the power to make or break governments.