Inmarsat appoints former Nokia boss as its new chief executive February 24, 2021 British satellite giant Inmarsat today said it has appointed former Nokia boss Rajeev Suri as its new chief executive. Suri, who stepped down as president and chief executive of the Finnish telecoms giant in 2020 after six years at the helm, will take up the position next month. He will replace Rupert Pearce, who has [...]
‘Vaccines are working’ against new Covid variants, says Jonathan Van-Tam February 24, 2021 “Vaccines are working” against the Kent Covid variant and will likely reduce the risk of severe disease from new mutations, the deputy chief medical officer has said. Jonathan Van-Tam said the B117 strain of coronavirus first identified in Kent now accounts for around 95 per cent of all Covid cases in the UK. Speaking to [...]
Apple acquisitions: Tech giant buys a company every three to four weeks February 24, 2021 As the giants of Silicon Valley jostle for pole position in the escalating technology arms race, mergers and acquisitions are often the name of the game. But the scale of Big Tech acquisitiveness has been laid bare after Apple boss Tim Cook revealed his company has snapped up roughly 100 companies over the last six [...]
Facebook and Google duopoly is ‘too powerful’ says CMA boss February 23, 2021 Facebook and Google’s duopoly is too powerful, and the pair have too great a share of the UK online advertising space, CMA boss Andrea Coscelli has said. Speaking to the BBC, Coscelli said he would like to see regulatory changes to deal with their market dominance, but stopped short of saying the giants should be [...]
Tesla rival Lucid Motors gears up for $24bn stock market float February 23, 2021 A luxury electric vehicle maker looking to challenge the dominance of Elon Musk’s Tesla is set to go public in a blank cheque deal that will value it at $24bn (£17bn). California-based Lucid Motors has agreed to merge with Churchill Capital IV, a special purpose acquisition company (Spac) set up by former Citigroup banker Michael [...]
Facebook reverses Australia news ban after law changes February 23, 2021 Facebook has backed down in its feud with Australia after negotiating changes to a new law that will force tech firms to pay publishers for news. The social media giant last week blocked access to news in the country in protest at the upcoming legislation, drawing widespread criticism. But following talks between the government and [...]
Is technology a new asset class? February 23, 2021 | City Talk With Covid-19 accelerating digitalisation, the question facing many companies is no longer whether technology is important, but just how important? What percentage of their time should a bank or retailer’s top executives spend thinking about technology? How much investment should a company make in tech? What weighting should institutional and retail investors give the sector? [...]
Pfizer vaccine cuts Covid transmission by up to 85 per cent February 22, 2021 “Vaccines are working,” the health secretary has announced, after new data showed the Pfizer vaccine cuts Covid transmission by up to 85 per cent and reduces the risk of death and hospitalisation by three-quarters. In a major boost for the Prime Minister’s plans to lift lockdown restrictions, early data from Public Health England’s (PHE) first [...]
Covid vaccines reduce hospitalisations by up to 94 per cent in Scotland February 22, 2021 The vaccine rollout has had a signifiant impact on driving down Covid-related hospitalisations and risk of serious illness in Scotland, new data has shown. Research from Public Health Scotland (PHS) found that the Pfizer and Astrazeneca vaccines reduced the risk of hospitalisation from Covid-19 by up to 85 per cent and 94 per cent respectively. [...]
Transferwise rebrands to Wise ahead of London listing February 22, 2021 A decade after its launch Transferwise has rebranded to Wise ahead of its long-awaited IPO. The fintech, which was most recently valued by private investors at $5bn, has come a long way since its launch in 2011 when it initially offered money transfers. It says the new moniker reflects its growth. “Today our name catches [...]