Donald Trump’s Facebook ban upheld by oversight board May 5, 2021 Facebook’s oversight board has upheld the ban of former US President Donald Trump but said the indefinite suspension was wrong. In a much-awaited verdict, the oversight board said it upheld Facebook’s decision but said it was “not appropriate… to impose the indeterminate and standardless penalty of indefinite suspension.” “Facebook’s normal penalties include removing the violating [...]
Infosys to add 1,000 UK staff to help with digital growth May 4, 2021 Indian software exporter Infosys has said it will hire 1,000 new staff in the UK to meet increased demand for its services during the pandemic. Infosys will ramp up its presence in the UK over the next three years after the pandemic “exacerbated” the need for digital skills and infrastructure. The New York-listed company said [...]
Joachim Klement, CFA: Three Geo-Economics trends to watch May 4, 2021 | City Talk “Today’s investors need to understand geopolitical trends as a main driving force of markets.” Joachim Klement, CFA Joachim Klement, CFA, has emerged over the last decade as one of the more insightful and compelling voices in finance. Well-reasoned, rigorous, humorous, and occasionally iconoclastic, his perspective, featured either on the Enterprising Investor Blog or on his [...]
London IPO: Darktrace shares surge 40 per cent on market debut April 30, 2021 Shares in UK tech darling Darktrace soared on their London debut, jumping as much as 42 per cent higher than their initial listing price, in an IPO that valued the company at £1.7bn. Darktrace this morning said shares were priced at 250p in its London IPO, the midpoint of the range. Upon the opening bell shares traded [...]
Do no harm: An interview with David Newns April 29, 2021 | City Talk Are successful entrepreneurs born with it, or made through their circumstances? In David Newns’ case, it was a bit of both. The son of a biscuit factory worker, growing up in a poor part of Blackpool, from an early age Newns had a goal to be financially independent. Now 36, Newns has founded and helmed [...]
Demand for new iPhone sees Apple post record quarterly revenue April 28, 2021 Apple has posted record quarterly revenue on surging demand for new iPhone and pandemic-induced buying for its other profits. Revenues more than doubled from $23.6bn to $89.6bn this quarter. Apple earned $1.40 per share, beating expectations of 99 cents. It follows a record performance in the first quarter when the company broke the $100bn quarterly [...]
Facebook beats expectations as ad spend surges April 28, 2021 Facebook beat Wall Street expectations for quarterly revenue on increased digital ad spend as the world emerges from lockdown restrictions. Total revenue, which primarily consists of ad sales, jumped to $26.17bn in the three months to 31 March, beating estimates of $23.67bn. Earnings came in at $3.30 per share versus the expected $2.37 forecast. Facebook [...]
Spy scandal: Businessman admits smuggling marine tech to China April 28, 2021 A Chinese businessman has pleaded guilty to smuggling marine technology out of the US to help China’s efforts to develop underwater military drones. Shuren Qin, a marine biologist who owns a company that sells oceanographic instruments, pleaded guilty in Boston federal court to illegally exporting devices called hydrophones, which monitor sound underwater. His plea related [...]
Microsoft calls on users to pick new default font for Office April 28, 2021 Microsoft is changing its Office font for the first time in 15 years and is calling on users to pick the new default. There are more than 700 options in Word but Microsoft has reportedly commissioned five new customs for Office as it moves away from Calibri. Users will be given the options to choose [...]
G7 leaders ink agreement over global tech regulation April 28, 2021 Top leaders from G7 nations today signed an agreement over proposed new tech laws aimed at curbing the power of Big Tech and improving safety on online platforms. Politicians from the UK, Canada, France, Germany, Italy, Japan, the US and the EU signed a declaration outlining a series of shared principles on how to tighten [...]