Tesla cuts car prices in China on tariff fears November 22, 2018 Tesla has said it is slashing the prices of its Model X and Model S sedan cars in China, as it attempts to absorb the hit from US President Donald Trump's ongoing trade war with the region. Prices will be cut on its top two models by up to 26 per cent to make the [...]
UK tech firm Aircharge launches wireless charging on London Waterloo’s South Western trains November 22, 2018 Trains on London Waterloo's South Western railway network have become the first in the world to debut wireless charging points for smartphones and tablets, helping commuters to grab that extra bit of power on their travels. Aircharge, the UK tech firm behind wireless charging points in Starbucks, Mcdonald's and Costa Coffee, has teamed up with train [...]
DEBATE: As shares continue to tumble, could this be the beginning of the end for Apple? November 22, 2018 As shares continue to tumble, could this be the beginning of the end for Apple? Fiona Cincotta, senior market analyst at City Index, says YES. The easy money momentum trade on Apple looks to be well and truly over. As Apple heads into bear market territory and innovations are lacking, the future is looking less rosy for [...]
Deal or no deal, fintech will remain the jewel in the UK’s economic crown November 22, 2018 In some ways, the causes of both globalisation and the fintech boom have much in common. Both phenomena have been driven by previously unthought-of technological advances, innovation, and increasingly open markets. So if, as has been argued, the UK referendum was the first case of a major democracy voting against the impact of globalisation, does [...]
Facebook to appeal £500,000 fine over Cambridge Analytica scandal November 21, 2018 Facebook will appeal a £500,000 fine handed down by the information commissioner for its role in the Cambridge Analytica scandal. The social media giant claimed that the data watchdog found no evidence that UK Facebook users were impacted by Cambridge Analytica, and the fine was therefore unjustified. The Information Commissioner’s Office (ICO) imposed its maximum [...]
BMW wins licence to launch ride-hailing Uber competitor in China November 21, 2018 BMW has been awarded a licence to launch a ride-hailing firm in China in December, making it the first global car manufacturer to enter the competitive market. Operating under the name BMW Mobility Service, BMW said its licence has been granted for initial operations in Chengdu, the capital of Sichuan province. The Chinese market is [...]
Facebook’s Zuckerberg brushes off resignation calls over Definers scandal November 21, 2018 Facebook founder Mark Zuckerberg has fought back against calls for the social media giant to change up its leadership, as requests for resignation letters mount against both him and Facebook operations chief Sheryl Sandberg. Zuckerberg rejected renewed criticism against the company in an interview with CNN late last night, where he took it upon himself to defend [...]
Elon Musk’s Space X to be probed by Nasa after billionaire smoked marijuana in live interview November 21, 2018 Nasa has said it is launching a probe into workplace safety at Space X, prompted by the company's founder Elon Musk smoking marijuana during an interview. The review into Space X as a commercial partner of Nasa, which will also include an investigation at Boeing, comes as both companies prepare to fly astronauts up to the International Space Station. [...]
Sage shares drop as software firm hits downgraded revenue target and announces cloud-based technology investment November 21, 2018 Shares in software firm Sage dipped this morning as it revealed it hit a downgraded target and announced further spending as it races to keep up with cloud-based rivals. The figures The accounting software company’s shares fell more than four per cent today after it announced organic revenue was up 6.8 per cent – the [...]
Monzo teams up with Paypoint to allow users to deposit cash in shops November 21, 2018 Digital bank Monzo has today announced a strategic partnership with Paypoint, enabling its users to deposit cash into their Monzo account at any of Paypoint's 28,000-strong network of corner shops and local stores across the UK. Deposits can range from £5 to £300, with a fee of £1 per deposit and a cap of £1,000 every [...]