Tesla shares take off as Musk mulls buyout August 7, 2018 Tesla shares were suspended this evening following a string of tweets by billionaire founder Elon Musk in which he said he was considering taking the company private, leading the stock to spike. Tesla shares were up 7.39 per cent at the time of the hiatus and took off again when trading resumed nearly two hours later [...]
Financial Conduct Authority launches ‘global fintech sandbox’ August 7, 2018 The Financial Conduct Authority (FCA) has joined financial regulators from around the world to create a new global network to boost fintech innovation. The Global Finance Innovation Network (GFIN) will aim to provide a more efficient method for innovative fintech firms to interact with regulators. The City watchdog has launched a consultation on the main [...]
London fintech serves up UK-wide partnership with sushi chain Itsu August 7, 2018 London-based fintech firm Flux will roll out a UK-wide deal with sushi chain Itsu that could see users receive nutritional information sent straight to their phones. Starting today, users who have opted in with Flux's banking partners will receive an itemised digital receipt inside their banking app when they pay with their card at any [...]
A guide for video meeting etiquette August 6, 2018 It's an obvious thing to say, but the technological revolution in business over the past 30 years has been extraordinary. While the benefits of technology are numerous, the speed of the arrival and development can highlight gaps between employees in terms of their motivation and likelihood of adopting and using new models. Generational divide For [...]
The tech sector needs to boost gender diversity and get more women into the industry August 2, 2018 Gender diversity in the technology sector remains a hotly debated topic, amid scandals, global campaigns, and social media movements. Simply put, there is still not enough diversity. Take a look at the US. Examine the employee data for Facebook, Amazon, Apple, and Alphabet’s Google (four members of the illustrious FAANG stocks), and you will find [...]
Project Dragonfly: Google is reportedly building a censored search engine in China August 1, 2018 Google is planning to launch a censorship-friendly version of its search engine via an app in China, following the company’s blacklisted exit from the country in 2010. Codenamed Dragonfly, reports from the Intercept suggest the project has been in the works for a while but received a significant boost after Google’s chief executive Sundar Pichai [...]
UK fintech tops the US on investment for the first half of 2018 July 31, 2018 The UK has come out on top globally in terms of fintech investment for the first half of the year, surpassing the US for the first time and taking the crown in Europe to attract $16.1bn (£12.3bn) out of the continent's $26bn total. Four of Europe's top 10 fintech deals happened in the UK, which included [...]
Argos has accidentally leaked DJI’s new Mavic 2, as new drone laws come into force in the UK July 30, 2018 Fresh details about DJI's unannounced Mavic 2 drone have been printed inside an Argos catalogue, revealed as new UK drone laws today come into force. The latest version of the store's product catalogue, which went into stores last Saturday, lists details and photos of the DJI Mavic 2, as well as the Mavic 2 Pro [...]
Facebook’s share price plunges as markets open, losing more than $120bn off its market value July 26, 2018 Facebook has opened in US markets at a loss of almost 20 per cent, wiping roughly $123bn (£93.8bn) off its market valuation. As a comparison, Facebook's loss is more than seven times the valuation of Snap ($17bn), and almost four times the valuation of Twitter ($33bn). It is roughly equivalent to the total GDP of [...]
Amazon doubles down on profits, but misses estimates on revenue July 26, 2018 Amazon doubled consensus estimates on profits in its second quarter, as results released tonight revealed a staggering 1,157.5 per cent increase year-on-year in earnings per share. The company reported shareholder earnings for the quarter at $5.07 (£3.86), outperforming estimates collated by S&P Global Market Intelligence which predicted $2.54. In the same quarter in 2017, Amazon [...]