Bad Apple: Erdogan threatens iPhone boycott after spat with US August 14, 2018 Turkey's President Recep Tayyip Erdogan called for a boycott of iPhones and other American electronic products yesterday as tensions between the two countries escalated. Erdogan remained defiant amid what he called an “economic war” with the US after Washington imposed punitive sanctions on Ankara. “Whatever we buy from abroad we are going to produce here in [...]
Tesla boss says Saudis want to support buyback August 13, 2018 Elon Musk said today that he is in talks with Saudi Arabia’s Public Investment Fund (PIF) about taking Tesla private, but admitted that the exact sources of funding have not been confirmed. Musk said in a blog post that the PIF’s managing director had expressed “strong support for funding a going private transaction for Tesla” [...]
To go private, or stay public? Everything you need to know about Tesla’s big share buyback August 13, 2018 Who's looking to cash in on Tesla? Will Elon Musk keep his cool? What do the regulators think? Here's everything you need to know about the current status of Tesla going private. What's happened so far? On Tuesday last week, chief executive Elon Musk sent out a tweet saying that he is considering taking Tesla [...]
Legal row over Musk’s tesla plan: Here’s how the industry reacted August 12, 2018 Tesla is facing a barrage of lawsuits from investors angry at founder Elon Musk’s shock proposal to take the company private at $420 a share. The colourful entrepreneur dropped the bombshell on social media last week, claiming that funding for the move had been secured – driving shares up 11 per cent before its price [...]
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 [...]