Fernando Alonso has hailed the news that design supremo Adrian Newey will become Aston Martin’s Team Principal in 2026, assessing the move as a “logical change.”
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Earlier today, the Council of the European Union (EU) and European Parliament announced a provisional political agreement on the EU payments package. While the final texts of the third Payment Services Directive (PSD3) and the Payment Services Regulation (PSR) are not yet available, press releases indicate that negotiations centered on three key areas: fraud prevention, transparency, and open banking.
Regarding fraud prevention, the new framework will introduce obligations for payment service providers (PSPs) to share fraud-related information, verify IBAN details against account holder names before executing transactions, apply strong customer authentication in additional scenarios and offer spending limits. Non-compliance will trigger PSP liability, including in cases of spoofing where fraudsters impersonate PSP employees. Online platforms will also face liability if they fail to remove fraudulent content that results in payment fraud, and advisers offering financial services via such platforms will have to demonstrate appropriate licensing.
Regarding transparency, customers will have to receive additional pre-payment information, including on currency conversion charges.
Finally, to improve competition, access to payment account data will be further facilitated for open banking providers. In addition, PSPs will be required to offer customers a dashboard to monitor and manage these third-party data access permissions.
Formal adoption will follow finalisation of separate technical discussions on the texts of the PSD3 and the PSR, with exact implementation timelines yet to be confirmed.
For more details, see the official press releases from the Council of the EU and European Parliament.
Strictly Come Dancing judge Shirley Ballas recently revealed that she’d “thought that was it” after a fish bone became lodged in her throat. Ballas’s terrifying ordeal lasted for 20 minutes, with the judge struggling to breathe until…
Dr Lars Immisch has been a member of the Management Board of HENSOLDT AG since 1 October 2022. In addition to his responsibility for human resources, he was also responsible for sustainability and facility management. During his tenure, he has played a key role in shaping the further development of the management and corporate culture and has established modern HR processes and tools as part of the company’s strategic transformation. He has played a key role in the company’s strong growth during this period with targeted recruiting and prudent initiatives to integrate a large number of new employees.
Under his leadership, sustainability reporting in accordance with CSRD was also successfully introduced. Facility management also gained in importance under his responsibility – in particular through numerous projects for the expansion and new construction of locations as part of the strategic axis ‘Deliver at Scale’.
‘Lars Immisch provided decisive impetus during a period of profound change,’ said Reiner Winkler, Chairman of the Supervisory Board of HENSOLDT AG. ‘With great commitment, he has created structures that will strengthen HENSOLDT in the long term – in terms of management culture as well as sustainability and modern working practices. On behalf of the entire Supervisory Board, I would like to thank him very much for his passion, his humanity and his tireless dedication, and wish him all the best for the future.’
Oliver Dörre, CEO of HENSOLDT AG, also praised the collaboration: “With his heart, energy and empathy, Lars Immisch has contributed to HENSOLDT being perceived today as a modern, attractive and responsible technology company. His work on the strategic axis “Lead our Team into the Future” and his commitment to sustainability and the further development of our locations have left a lasting mark. I would like to thank Lars personally and on behalf of the entire Executive Board for his trusting and inspiring collaboration and wish him all the best for the future.”
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When Black Friday first appeared in the holiday calendar, the major shopping event used to just be on the last Friday of November each year. However, many retailers now offer their own sales over the course of a whole week,…
