Intel chief engineer to depart in tech unit shake-up July 28, 2020 Intel said its chief engineering officer Murthy Renduchintala is stepping away from the business, as part of a move to split up a key technology unit into five teams. The chipmaker said today that it is reorganising its technology, systems architecture and client group, with each section’s new leader to report directly to Intel boss [...]
A digital tax is no way to reward our innovative online retailers July 28, 2020 Throughout lockdown, the advantages — indeed, the essentiality — of online retail became clear. Now, Rishi Sunak is rumoured to be mulling over a new online sales tax. Advocates for this new tax, such as SportsDirect owner Mike Ashley and Tesco boss Dave Lewis, believe that the existing business rates system creates an uneven playing [...]
Google to build undersea cable between New York and Cornwall July 28, 2020 Google is set to build a subsea network cable between the US, the UK and Spain, it said today. The landing points will be situated in New York, Bude and Bilbao, and is set to go online by 2022. Named after Grace Hopper, who was a pioneering computer scientist, the project will join three existing [...]
Video: Is Big Tech under threat? July 28, 2020 | City Talk In this short video Sean Markowicz explains why the market dominance of big tech firms might prove to be a threat to their own future performance. While many businesses are struggling under the global lockdown, the largest technology companies are thriving. Firms such as Amazon, Microsoft, Apple, Google and Facebook have all seen increased demand [...]
Facebook sues EU regulator for invading employee privacy in antitrust probe July 27, 2020 Facebook has said it is suing the EU antitrust regulator for attempting to gain information beyond what is necessary for its case against the firm. The tech giant said this included seeking highly personal details from its employees, such as medical history and information about family members. The European Commission has been probing Facebook since [...]
Google to extend working from home until mid-2021 July 27, 2020 Google has said it will be extending its offer that all staff who can work from home can continue to do so until the end of June 2021. The search giant had said in May it would begin reopening more offices globally as early as last month, but most Google employees would likely continue to [...]
Facebook forced to delay results as tech giants size up Super Thursday July 27, 2020 Facebook has been forced to push back its second-quarter results due a scheduling clash, putting the earnings of all four major US tech giants on the same day. Facebook, Apple, Amazon and Google will now all report their quarterly earnings after markets close on Thursday. The chief executives of the four companies are also set [...]
Recipe box firm Gousto expects to report first annual profit in 2020 July 27, 2020 Recipe box company Gousto announced today that it expects to turn a profit for the first time this year due to a surge in demand created by the coronavirus pandemic. Gousto, which reported an operating loss of £12.5m in 2019, said it expects to announce a “significant, maiden profit” in 2020. Revenues for the first [...]
Garmin outage enters sixth day after ransomware attack July 27, 2020 A suspected ransomware attack on wearable fitness tech firm Garmin has caused an outage that has now left users without access to its services for six days. The outage first began last Wednesday, with users reporting being unable to sync their devices with the Garmin app. Following the attack Garmin shut down most of its [...]
SAP to float Qualtrics after $8bn acquisition July 27, 2020 Software giant SAP is to spin off Qualtrics in an initial public offering, less than two years after buying the unit for $8bn. Qualtrics was the last big deal signed by former SAP chief Bill McDermott, who was criticised at the time for overpaying for Qualtrics. Just before the acquisition was announced, Qualtrics founder Ryan [...]