Trump issues fresh warning over ‘untrustworthy’ Huawei February 17, 2020 US President Donald Trump has launched a fresh attack on Huawei, warning his country could cut intelligence sharing with any ally that cooperates with the Chinese tech firm. Trump told the US ambassador to Germany Richard Grenell that “any nation who chooses to use an untrustworthy 5G vendor will jeopardise our ability to share intelligence [...]
Keep an eye on data: a chat with Duco’s founder about the future of fintech in Britain February 17, 2020 When asked to narrate their journeys from startup to scaleup, entrepreneurs tend to fall into two camps. There are those for whom the travails of growth are a badge of honour: no 20-hour day, unconquerable challenge or unfulfilled investment pledge has been forgotten. Others display an insouciance, as though turning a light-bulb moment into a [...]
Research parks can help turn the light-bulb moment of science into business success February 17, 2020 Based on 35 years of experience, I am a proponent of the idea that “place matters”. Businesses benefit from being located in an environment willing to share the risks involved in fostering entrepreneurship. That’s why the global research and science park movement has taken off. It is designed to support the clustering of enterprises to [...]
Government pledges £1.2bn climate supercomputer February 17, 2020 The government will spend £1.2bn on a new supercomputer to forecast adverse weather faster and more accurately. The investment announced today by the Department for Business, Energy and Industrial comes the day after the UK was rocked by Storm Dennis. It is hoped that the new computer will enable authorities to plan to prevent disruption [...]
Youtube TV withdraws from App Store in blow to Apple February 16, 2020 Youtube TV is set to become the latest subscription service to cut ties with Apple’s App Store amid complaints about the hefty fees charged by the tech giant. The TV streaming service last week told customers that from next month it will no longer accept payments through Apple in-app purchases. The iPhone maker takes a [...]
GCA Altium acquires Stella EOC in expansion into entertainment February 14, 2020 Investment bank GCA Altium has announced it will acquire Stella EOC, a technology and media investment banking boutique. The strategic acquisition will strengthen GCA’s technology practice and add to its expertise in the entertainment space. GCA have previously advised on some deals in the entertainment sector, such as the sale of 33 per cent of [...]
Mark Zuckerberg ‘accepts’ Facebook may have to pay more tax in Europe February 14, 2020 Facebook boss Mark Zuckerberg says he recognises that tech giants may to have pay more tax in Europe in future. The social media giant’s founder said he understood the “frustration” surrounding the issue and backed plans from think tank, Organisation for Economic Co-operation and Development, to find a global solution. Facebook and other tech giants [...]
Judge pauses Microsoft’s $10bn Pentagon contract in Amazon lawsuit February 13, 2020 A US judge has temporarily blocked Microsoft’s $10bn (£7.66bn) Pentagon cloud computing contract, in response to a lawsuit filed by Amazon. Judge Patricia E. Campbell-Smith issued the injunction but did not release her written opinion. Amazon Web Services has been told to earmark $42m to pay for costs and damages in the event that today’s [...]
US hits Huawei with fresh charges over alleged trade secret theft February 13, 2020 The US has ramped up its attack on Huawei, filing a raft of new charges against the embattled Chinese tech giant on allegations of stealing trade secrets. In a 16-count indictment published today, the Justice Department accused Huawei of stealing technology from six unnamed American companies. The fresh accusations come alongside raft of other charges [...]
Tesla shares rise as it unveils plan for $2bn stock issue February 13, 2020 Shares in Tesla rose this afternoon after the electric car maker said it would raise roughly $2bn (£1.5bn) by issuing new stock. Idiosyncratic chief executive Elon Musk will personally purchase up to $10m of shares in the new offering, while Oracle founder Larry Ellison, who sits on Tesla’s board of directors, will also buy up [...]