
Facebook is facing a potential £1.2bn fine for a data breach which allowed hackers to access the personal information of 50 million users. The Irish Data Protection Commission (IDPC), the lead supervising authority for Facebook in the EU, officially opened its investigation this week after the social media giant admitted hackers could have accessed the accounts of millions of users through a “vulnerability” last Friday.

The emir of Qatar, Sheikh Tamim Bin Hamad Al Thani, arrived Thursday evening in Argentina to meet with President Mauricio Macri on Friday to discuss oil investments in Vaca Muerta and other bilateral issues.

The 2018 Nobel Prize in Chemistry has been awarded to three scientists for their discoveries in enzyme research. Americans Frances Arnold and George P Smith will share the prize with Briton Gregory Winter, who is based at Cambridge University.

European Commission president Jean-Claude Juncker has issued a fresh warning to Theresa May that there must be agreement on the Irish border if she wants a Brexit deal.

Unworkable”, “unacceptable”, “impasse”, are some of the words used to describe Brexit talks between Britain and the European Union do little to temper concerns that the two are heading for a chaotic divorce. But behind the scenes, both sides are preparing concessions as part of what one British official called “a constructive dialogue” that could yet lead to a deal.

Spain’s Supreme Court has confirmed a four-and-a-half year prison sentence for former International Monetary Fund head Rodrigo Rato for misusing a Spanish bank’s corporate credit card.

Theresa May is “incapable” of delivering Brexit and should be replaced as Prime Minister, a Tory MP said as he called for a no-confidence vote. James Duddridge, a former minister, submitted a letter to the backbench Tory 1922 Committee, saying: “I have not met a single MP who thinks she will lead us into another election.”

The latest report from Global Data, FPSO Industry Outlook, suggests that a total of 74 planned and announced floating production, storage, and offloading units (FPSOs) are expected to start operations globally by 2025. Globally, South America leads with 32 planned and announced FPSO additions by 2025, including four in the Falkland Islands, followed by Africa and Europe with 17 and seven FPSOs, respectively.

Brent crude rose nearly 2% after hitting a four-year high on Wednesday as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.

The Falkland Islands are under “continuous” threat from Argentina but is very capable of being able to defend itself, Member of the Legislative Assembly, Mark Pollard told Darren Hunt from the Express at the Conservative party conference in Birmingham.