Former BT chairman Mike Rake joins Huawei UK board April 14, 2020 Sir Mike Rake, former BT chairman and president of the Confederation of British Industry (CBI), has joined the UK board of controversial Chinese tech giant Huawei. The City stalwart has served as an adviser to Huawei since January 2019, helping the firm to fend off attacks from critics over national security concerns. The government has [...]
Virtual conferences: The show must go on April 14, 2020 | Sponsored The blockchain conference industry is rampant, with seemingly a major event in a major city around the world every couple of weeks, from Seoul, to Istanbul, to New York you name it you’ve got it. As an entrepreneur and digital nomad It’s a fantastic way to travel the world whilst also growing my network and [...]
How mobile payments platform, Wirex, continues to lead the future of digital banking April 14, 2020 | Sponsored Pavel Matveev, co-founder and CEO of Wirex, spoke with City AM’s James Bowater, to discuss how their unique fintech business is leading the future of digital banking and explains why they are here to stay. Despite the uncertain financial climate and the scepticism that many have around cryptocurrency, we at Wirex are continuing to work [...]
Softbank warns of historic $16.7bn loss after coronavirus and bad bets April 14, 2020 Softbank expects to lose $16.7bn (£13.3bn) on tech startups it has invested in through its Vision Fund this year due to coronavirus. The Japanese company blamed the coronavirus pandemic for a “deteriorating market environment” as it booked its first loss in over 20 years. Softbank has also made some bad bets outside its $100bn Vision [...]
Long read: Advertisers look to esports as gamers flock to virtual stadia April 13, 2020 Advertisers might find rich pickings in the world of esports, writes James Warrington Over the last few days, a meme purporting to show a model of a stadium that would seat 1 million people has circulated on social media. The image is probably fabricated and certainly ludicrous — even North Korea has only managed to [...]
Coronavirus: UK tech sector ‘at risk’ as firms miss out on loans April 8, 2020 The thriving UK tech sector is under threat as firms are missing out on a £330bn coronavirus support plan, Deliveroo, Citymapper and more have warned. In a letter to chancellor Rishi Sunak, 12 of the UK’s most prominent tech chiefs today called for an urgent meeting with officials to find a way for tech firms [...]
Amazon to suspend third-party delivery service due to coronavirus April 8, 2020 Amazon will suspend its third-party delivery service in the US as it diverts resources to deal with a huge surge in orders from its own customers. Amazon Shipping, which competed with UPS and Fedex, allowed the ecommerce giant’s drivers to pick up packages from businesses and deliver them to customers — an alternative to shipping [...]
Tesla to furlough workers and cut salaries due to coronavirus April 8, 2020 Tesla will furlough all non-essential employees and roll out salary cuts after it was forced to shut its factories in the US due to the coronavirus outbreak. Employees who cannot work from home and have not been assigned to critical work will be furloughed, according to an internal email seen by Reuters. Workers who are [...]
Whatsapp limits message forwarding to fight coronavirus fake news April 7, 2020 Whatsapp will impose a limit on message forwarding in a bid to halt the rapid spread of misinformation about coronavirus on its platform. The social media firm said that when users receive a message that has already been forwarded multiple times, they will only be able to send it on to one chat at a [...]
Coronavirus: Google bans adverts on 5G conspiracy theories April 7, 2020 Google has rolled out new measures to crack down on misleading health claims about 5G and conspiracy theories that the mobile technology is linked to coronavirus. The search giant has banned advertising on search terms and keywords that relate to false information about 5G to prevent profiteering from the public health emergency. Youtube, which is [...]