Twitter removes image tweeted by Trump over copyright complaint July 2, 2020 Twitter took down an image in a tweet posted by US President Donald Trump, in the latest of a slew of content complaints against the president on the platform. Trump tweeted an image yesterday that featured a picture of himself, overlaid with the text: “In reality they’re not after me they’re after you I’m just [...]
Hospitality venues raise the bar as pubs’ re-opening app-roaches July 1, 2020 | City Talk ‘Two pints of lager and a packet of crisps’: no longer (for the time being, at least) a request delivered while waiting at the bar. Instead, a request delivered electronically by smartphone app from a safe, social distance. Technology’s reach knows no bounds as Britain’s public houses – stereotypically bastions of resistance to digital accoutrements [...]
Tesla surpasses Toyota to become world’s most valuable carmaker July 1, 2020 Electric carmaker Tesla today became the world’s most valuable automobile manufacturer, eclipsing Toyota to take the crown. Tesla’s market value is now at $208bn, as shares rose more than five per cent to reach record highs of $1,132 earlier today. In comparison, Toyota was worth approximately $202bn following a small drop in its Japan-listed shares [...]
OECD insists US remains part of global talks on digital tax July 1, 2020 The OECD has said the US is still taking part in discussions around a global digital tax solution, despite statements to the contrary from Washington. US treasury secretary Steven Mnuchin said earlier this month the US would leave the talks if several European countries did not halt their plans for independent digital taxes, including the [...]
Tesla to pay Musk $1m for lawsuit insurance policy July 1, 2020 Tesla has said it plans to bring an end to an unusual insurance arrangement with its chief executive, which safeguards its board members against lawsuits, after a final payment of $1m. Tesla’s chief executive Elon Musk has been personally indemnifying the firm’s board, after he said in April that he believed insurance premiums from other [...]
Competition watchdog pressures government to take on tech giants July 1, 2020 The Competition and Markets Authority (CMA) has said existing UK laws are not suitable for effective regulation, calling on the government to overhaul its structure so it can better tackle tech market dominance. The watchdog said it needs more support to govern the behaviour of “major platforms funded by digital advertising, like Google and Facebook”, [...]
Innovation is the only way to recover from the Covid crisis July 1, 2020 One silver lining of the Covid-19 crisis has been a surge in innovation. Enterprising firms have invented both new products and different ways of delivering existing ones. Innovation is the life blood of any prosperous economy. Innovation is much more than a scientific invention. It turns inventions into things of practical and affordable use to [...]
Microsoft to train up 25m people with digital skills in wake of coronavirus crisis June 30, 2020 About 25m workers are set to get free online training in digital skills from Microsoft, as the computer giant bids to give the ailing global economy a boost amid the coronavirus pandemic. The training, which will be available to workers around the world, is designed to teach skills that Microsoft says people need to get [...]
Netflix to spend $100m on racial equality initiatives June 30, 2020 Netflix has said it intends to set aside approximately two per cent of its cash reserves for initiatives focused on supporting Black communities in the US, following widespread racial equality protests worldwide. It will start with an initial tranche of $35m, $25m of which will go into a new fund called the Black Economic Development [...]
Tiktok denies giving data to China over India ban June 30, 2020 Tiktok has today denied claims by the Indian government that it has shared individuals’ data with China, as the app went dark for the country’s 200m users. India yesterday banned Tiktok along with 58 other apps which have parent firms in China, claiming they “pose a threat to the sovereignty and security” of the country. [...]