Chinese ride-hailing firm Didi Chuxing suspends its carpooling service after a passenger was killed August 26, 2018 Chinese ride-hailing firm Didi Chuxing has suspended its Uber Pool-esque service Hitch nationwide, after a woman was raped and killed by a driver in Wenzhou. The company said in a statement that the suspension was the result of "disappointing mistakes", while it takes time to reevaluate Hitch's business model. A 20-year old woman only identified by [...]
Elon Musk: Tesla to remain a public company August 25, 2018 Tesla chief executive Elon Musk said last night that Tesla would remain a public company, despite previously announced plans to take it private. In a blog post on electric car company Tesla’s website Musk wrote: “Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, [...]
T-Mobile warns customers about data breach August 24, 2018 T-Mobile said today that hackers have accessed around 2m customers’ personal data. The US hack saw cyber criminals steal people’s names, billing zip codes, phone numbers, email addresses, account numbers, and account types. Read more: Email blunder: West Ham FC exposes supporters' email addresses But the mobile operator said financial data, social security numbers and [...]
Data breach: West Ham United accidentally exposes hundreds of fans’ email addresses August 24, 2018 West Ham United suffered a data breach yesterday when it accidentally shared hundreds of season ticket-holders’ data with one another. UK data protection watchdog the Information Commissioner’s Office (ICO) is looking into the breach at the club, whose staff’s email blunder resulted in up to 200 supporters seeing each other’s details. Read more: 20,000 Superdrug [...]
Disaster-struck TSB set to lose three of its executives August 24, 2018 Three top TSB executives are set to retire from the bank, which is still recovering from an IT meltdown that has cost it more than £176m to date. Treasurer Ian Firth and chief marketing officer Nigel Gilbert are both retiring at the end of next month, TSB confirmed today. Current marketing director Pete Markey will [...]
Computacenter par for the course as first half revenue surpasses £2bn August 24, 2018 IT services provider Computacenter delivered on high expectations this morning as it unveiled a jump in revenue for the first half. Shares in the firm were relatively flat as it performed in line with expectations following an upgrade in forecasts in July. The figures Revenue was up 18.1 per cent to over £2bn in the six [...]
Tech titans bed down in London: Why Brexit won’t be bringing about a ‘techxodus’ any time soon August 24, 2018 Brexit has generated investment uncertainty for many companies, but not – it would seem – for the US tech giants opening the throttle and splashing out on multi-million long-term property deals in London and creating thousands of jobs. Facebook, Google, Snap and Apple have firmly quashed the notion that the UK’s exit from the EU [...]
Shareholder pleads with Musk to keep Tesla public August 23, 2018 A Tesla shareholder has written an open letter to chief executive Elon Musk in a bid to abandon a deal to take the company private, in which she argues the car firm's value could skyrocket up to $4,000 (£3,121) per share within five years. Catherine Wood, chief executive of ARK Invest which holds shares in [...]
The next generation of tech innovators need to be good citizens, not just good inventors August 23, 2018 The future is what the next generation makes it. No surprise, then, that today’s visionary leaders including Elon Musk, the Massachusetts Institute of Technology (MIT), and Stanford University are exploring how best to arm students with an education fit for innovation. Elon Musk’s Ad Astra super-school is the most recent headline-grabbing initiative of this kind, [...]
DNA testing is in danger of undoing everything business has worked hard to changee August 23, 2018 Since the discovery of DNA, we have been fascinated by our genetic makeup. What do we comprise of at the most fundamental level? How does this contribute to who we are? Our growing comprehension of DNA has also proved critically useful – helping to identify criminals, proving paternity, and showing propensity for certain medical conditions. [...]