Automakers and the tech giants are battling over the future of the car industry March 5, 2019 More than 100 years after the petrol-powered car passed go for the first time – and despite worldwide sales at a record high in 2018 – stress fractures are starting to appear. Tesla is on track to outsell both BMW and Mercedes-Benz in the US, car sales in China are declining for the first time in [...]
Revolut boss concedes to claims of ‘toxic culture’ at the startup March 5, 2019 The chief executive of London fintech startup Revolut said his firm “hasn’t always gotten things right” in an open letter late last night, after fresh allegations of a toxic culture at the company emerged last week. Former Revolut employees at both senior and junior levels described an environment of unpaid work, unachievable targets and high-staff [...]
Music streaming revenues overtake ownership for the first time amid shift to ‘rental’ market March 4, 2019 The popularity of subscription services reached record levels in the UK last year as music streaming revenues overtook ownership formats for the first time. Revenues from paid-for music subscription services such as Spotify jumped 39 per cent last year to £829m, meaning subscriptions now account for 62 per cent of all music revenues, according to figures [...]
FTSE boards do not understand the threat of cyber attacks, government warns March 4, 2019 Boards at some of the UK’s largest companies still do not fully understand the potential impact of a cyber attack, the government has warned. A report into FTSE 350 companies published today shows that while almost all firms have a cyber security strategy in place, just 16 per cent of boards have a comprehensive understand [...]
New 5G app gives smartphone users insight into lives of connected cows March 4, 2019 Tech nerds and bovine enthusiasts will now be granted an insight into the everyday life of cows thanks to a new app that connects cattle to 5G. The smartphone app, called Me + Moo, allows users to select their own connected cow and receive daily updates beamed via 5G sensors on the farm. Read more: Arm [...]
KFC taps London fintech startup Flux for paperless payments March 4, 2019 KFC has launched a partnership with London fintech startup Flux which will see the US fried chicken chain go paperless. From today, users of digital banks Monzo and Starling, as well as select Barclays customers in the near future, will be able to receive digital itemised receipts for transactions in their banking apps when they [...]
Space X Dragon capsule successfully docks with International Space Station March 3, 2019 A capsule launched by Elon Musk’s Space X successfully docked with the International Space Station (ISS) today as part of its demonstration mission. The Dragon vehicle made the attachment autonomously having launched on Saturday from Kennedy Space Center in Florida. The 4.9 metre tall capsule contained a dummy called Ripley and 90kg of supplies. It [...]
Huawei exec Meng Wanzhou sues Canadian authorities over detention March 3, 2019 Senior Huawei executive Meng Wanzhou is suing Canadian authorities for illegally holding her and interrogating her for three hours before her arrest at Vancouver International Airport in December. The chief financial officer of the Chinese telecoms giant is facing extradition to the US to face accusations of sanctions busting. The lawsuit, filed on Friday according [...]
The future of news: could tax breaks make online news sustainable? March 3, 2019 Sarah Cartwright’s news kiosk is as much a fixture in Sloane Square as the high-end boutiques that have surrounded it since her grandfather began selling newspapers from a wooden box there in 1892. But the kiosk may do well to survive another decade, let alone a century. “Print is dead,” she says. The Cairncross Review [...]
Space X launches unmanned crew capsule to International Space Station in step forward for sending humans into orbit March 2, 2019 Elon Musk’s Space X on Saturday took a giant leap forward in its quest to resume human space flight from US soil, launching a rocket with an unmanned crew capsule towards the International Space Station. Space X’s 4.9 metre tall Crew Dragon capsule, on a Falcon 9 rocket, lifted off from the Kennedy Space Center [...]