Articles by Tom Bergin and Laurence Frost

How Carmakers Raise Prices for Spare Parts Based on ‘Perceived Value’: Reuters

Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a …

UK Panel Review of Grenfell Tower Tragedy Calls for ‘Cultural Change’ Around Safety

An interim review into UK building regulations commissioned after the Grenfell Tower social housing block fire in London which killed 71 people in June, has called for a “culture change” in respect to fire safety. The review, sponsored by the …

Same Builders Win Deals to Replace Unsafe Grenfell Tower Type Cladding

Some building companies that installed dangerous cladding on social housing blocks across Britain are now winning new contracts following the Grenfell Tower blaze to remove their original work and install panels that can pass safety tests, a Reuters review shows. …

Compensation for London’s Grenfell Fire Victims May Be Capped at $5M: Reuters

The bill for compensating families of those who died in the Grenfell Tower fire in London may be as low as 4 million pounds ($5 million), according to several lawyers and a Reuters analysis of how damages laws apply in …

Europe’s Cities Resist Use of Security Infrastructure Despite Vehicle Terror Attacks

Europe has experienced around a dozen cases of drivers using a car or truck to plow into pedestrians like last week’s attack in Barcelona, but cities have not rushed to mitigate the risks by changing their layout. Concerns about cost, …

SWIFT Official Warns Banks of Escalating, More Sophisticated Cyber Threats

Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics, according to a SWIFT official and a …

Tesco Reveals $3M Was Stolen from 9,000 Customers in Recent Cyber Bank Theft

Retailer Tesco Plc’s banking arm said on Tuesday that 2.5 million pounds ($3 million) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank. Tesco …

SWIFT Expects Cyber Attacks on Banks to Increase

SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase. The theft of $81 million …

Bermuda Premier Says Won’t Agree UK Territories Tax Deal before G8

Bermuda’s premier is not ready to sign an international transparency convention that he said Britain’s prime minister had planned to achieve ahead of the G8 summit in Northern Ireland next week, potentially scuppering a broad deal. Bermuda’s Premier Craig Cannonier …

Bermuda Minister Rejects Tax Haven Label; Sees Insurance Growth

Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of dollars from U.S. and European tax authorities, the territory’s finance minister said on Monday. Google has come under fire from British lawmakers for …