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Privacy fears as Moscow metro rolls out facial recognition pay system

Privacy fears as Moscow metro rolls out facial recognition pay system

RussiaPrivacy fears as Moscow metro rolls out facial recognition pay systemCampaigners say Face Pay, launched in over 240 stations, is ‘dangerous step’ in efforts to control population Pjotr Sauer in MoscowFri 15 Oct 2021 06.53 EDTLast modified on Fri 15 Oct 2021 11.12 EDTThe Moscow metro has rolled out what authorities have lauded as the world’s first mass-scale facial recognition payment system, amid privacy concerns over the new technology.The cashless, cardless and phoneless system, named Face Pay, launched at more than 240 stations across the Russian capital on Friday.“Now all the passengers will be able to pay for travel without taking out their phone, metro or bank card,” the Moscow mayor, Sergey Sobyanin, tweeted on Thursday evening.To activate Face Pay, Sobyanin said, passengers will need to connect their photo, bank card and metro card to the service through the metro’s mobile app. “It will be enough just to look at the camera to pass through the turnstiles,” Sobyanin said.The Moscow authorities, who expect up to 15% of metro passengers will use Face Pay regularly in the next three years, said the system would quicken the flow of people, particularly at busy times.“Moscow is the first in the world to introduce Face Pay on such a scale. The technology is new and very complex, we will continue to work on improving it,” the mayor added.Authorities have said passengers’ data will be “securely encrypted”, saying the information collected will be stored in data …

Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful

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Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful

Pandora papersWorld newsPandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful Millions of documents reveal offshore deals and assets of more than 100 billionaires, 30 world leaders and 300 public officialsG …

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What caused the UK’s energy crisis?

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What caused the UK’s energy crisis?

Energy industryWhat caused the UK’s energy crisis?From moves by China and Russia to changes in UK regulation, these are the factors that created the perfect storm Jillian AmbroseTue 21 Sep 2021 01.00 EDTThe UK’s energy system has been plunged into chaos by a perfect storm of market forces which threatens to rip through the economy from home energy suppliers to heavy industry, and from factories to farmers.This has stoked fears that a wave of energy suppliers will collapse, and that households will be saddled with unaffordable bills. As the colder weather draws in, these are the factors shaping the energy crisis.China’s post-Covid bounce backChina’s appetite for energy is always a key driver of global market prices. In 2021 its post-Covid economic ramp-up has coincided with an uptick in demand across Asia and Europe too.As economies begin to recover from the fallout of the pandemic, countries across the northern hemisphere, which experienced a long, cold winter in 2020-21 that depleted gas storage levels, have been left scrabbling to secure supplies.Gas prices in the UK have more than quadrupled over the last year to highs of 180 pence per therm, from around 40p/th this time last year. In the last month alone, prices have climbed by 70%.Market experts at S&P Global Platts said earlier this year that China’s demand for gas was likely to rise ​​to 360 billion cubic metres (Bcm) this year, up 8.4% from an estimated 332 Bcm in 2020. To …

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