Why technology won’t transform every brand’s Fashion Week October 15, 2018 Now that this year’s Fashion Weeks in London, Milan, New York, and Paris have all come to a close, many people are questioning the role of a runway show in today’s age, and whether it could be brought into the twenty-first century. Some brands are embracing the latest technology to satisfy modern consumer demands by making [...]
Google and Atos team up to open government-backed London AI lab October 15, 2018 Google's Cloud division and digital transformation firm Atos have today launched their first artificial intelligence (AI) innovation lab, in a move backed by UK ministers. Atos said the London AI lab will bring together experts from across public and private sectors to collaborate on innovation initiatives, with the solutions built there to be made available [...]
It’s Google versus Facebook in the fight for video dominance October 15, 2018 There’s a battle brewing online. In search of more views, users, and lucrative ad money, Facebook wants to take on Google and steal YouTube’s crown as the dominant video platform. The social media giant is fighting on two fronts. It launched its first assault last year with Facebook Watch, a platform effectively identical to [...]
US flexible working startup Knotel shrugs off Brexit as it opens three new London offices October 12, 2018 US flexible working office space provider Knotel has today revealed it has signed three new central London properties into its portfolio, as it seeks to take advantage of Brexit in cementing its UK expansion. The new offices include a 7,480 sq. ft space across two floors on Great Titchfield Street in Oxford Circus, an 8,395 [...]
Tencent delays its $2bn US stock listing due to soured market October 12, 2018 Tencent Music Entertainment has delayed its listing on the New York Stock Exchange until November at the earliest, as sources told Reuters it would rather wait until global markets have stabilised. The initial public offering (IPO) had been planned for as early as next week, which was set to raise at least $2bn (£1.5bn). "Given the [...]
Richard Branson pulls out of $1bn investment talks with Saudi Arabia over missing journalist October 12, 2018 Virgin's Richard Branson said he had scrapped talks with Saudi Arabia's Public Investment Fund about a $1bn (£755m) investment into its space ventures late last night, in light of the disappearance of a prominent Washington Post journalist. "What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change [...]
DEBATE: Has the Northern Powerhouse run out of steam? October 12, 2018 Has the Northern Powerhouse run out of steam? Emma Revell, communications officer at the Centre for Policy Studies, says YES. The Northern Powerhouse hasn’t quite run out of steam but it’s certainly not firing on all cylinders. Rail infrastructure improvements have been shelved, the architects of the Northern Powerhouse (most notably George Osborne and Jim O'Neill) [...]
Ebay hit with £7m extra UK tax bill after a review by HMRC October 11, 2018 E-commerce auction site Ebay’s UK office paid out an additional £7m in owed corporate taxes last year, after the closure of a review by HM Revenue & Customs (HMRC). In accounts published yesterday, Ebay UK paid a total of £13.5m in tax in 2017, £6m of which was for last year alone, on profits of [...]
UK startups hold onto Europe’s venture crown with £1.4bn in funding October 11, 2018 UK startups continued to draw in attention from venture capital (VC) firms in the third quarter as Europe’s premier investment hotspot, posting a £1.4bn total draw in the three months to September compared to £1.31bn in the same quarter last year. Data compiled by KPMG Enterprise revealed the UK remained at the top of the [...]
Apple to buy parts of European chipmaker Dialog Semiconductor in $600m deal October 11, 2018 Apple said today it has entered into a deal to acquire parts of European iPhone chipmaker Dialog Semiconductor, in a deal valued at $600m (£454m). Apple will gain some patents and a team of engineers from the chip designer, and cement a three-year contract for Dialog to continue building chips for its iPhone and iPad products. The transaction [...]