Alibaba and a Californian school set to make millions from Snap’s IPO February 26, 2017 Chinese e-commerce giant Alibaba and a Californian school stand to make millions of dollars from Snap's IPO this week. In what will be one of the tech industry's biggest floats to date, social media giant Snap is set to make its Wall Street debut this week with hopes to raise $3bn (£2.41bn). Snap, the company [...]
The Nokia 3310 just got a major makeover – and it has Snake February 26, 2017 After less than furtive talks of a return of the 3310, perhaps Nokia’s most classic phone – and it turns out, the most-memed on social media – it has actually happened. The early noughties staple has been re-imagined by HMD, the Finnish firm which now creates Nokia brand phones under license. And the 3310 brings [...]
Watch live: The new back-to-basics Nokia 3310 launch February 26, 2017 Try to contain your excitement: the back-to-basics phone you've been dreaming about, the Nokia 3310, is due to be unveiled by parent company HMD Global at Mobile World Congress in Barcelona today – and we've got the live stream right here. The rumoured new phone will be unveiled alonside two new smartphones at 3.30pm UK [...]
One of UK’s fastest-growing companies just bought Startups.co.uk for nearly £1m February 26, 2017 One of the UK's fastest-growing tech companies has snapped up UK business advice website Startups.co.uk for nearly £1m. Startups was founded by David Lester in 2000. Following the acquisition, he will step down and will focus on his HR start-up citrusHR. The Startups team, which boasts 4.8m readers, will join over 300 people at MVF’s North London [...]
Philip Hammond enlists Mark Carney and Simon Kirby for first UK FinTech conference February 26, 2017 The government will host its first ever International FinTech conference as part of FinTech Week 2017, chancellor Philip Hammond announced today. City minister Simon Kirby and Bank of England governor Mark Carney will join the chancellor at the conference, which will feature panels and workshops as well as opportunities for UK FinTech firms to pitch [...]
Blackberry’s famous qwerty keyboard is back, resurrected by TCL at MWC 2017 February 26, 2017 If you miss the feel of a proper real-life keyboard rather than a touchscreen, there's a new phone for you. Blackberry has resurrected its much-loved qwerty keyboard in its latest phone, the KeyOne. Hang on… didn't Blackberry say it was ditching making smartphones altogether? Yes it did. After models like the Priv fell flat, failing [...]
My best friend the algorithm is a better human than you are February 24, 2017 Thanks to my friends, I discover some outstanding TV drama from time to time. Like Lost, for example, or the first three seasons of Homeland. Two years ago, someone suggested that I watch a show. To be precise, they did not suggest, they insisted – indeed, demanded – sending me message after message which said: [...]
Two Samsung execs stand down amid a corruption scandal that led to boss Jay Y Lee’s arrest February 24, 2017 Two senior Samsung executives have offered to resign, taking responsibility for the mobile phone giant's involvement in a scandal involving South Korean President Park Geun-hye. According to a report by the Yonhap news agency, vice chairman Choi Gee-sung and president Chang Choong-gi have offered to resign. Both were already identified as suspects by the South Korean special prosecution [...]
Monitise losses narrow as fintech firm’s transformation plan shows results February 23, 2017 Monitise revealed this morning it had crept further out of the red during the last six months of the year. The figures The fintech firm's interim results revealed a loss before tax of £7.5m for the six months to the end of December, a 96 per cent improvement on the £210.5m loss it announced for [...]
Regulators welcome fintech but aren’t sure what to do with it February 23, 2017 | City Talk Regulators have a 'wait and see' attitude about regulating fintech. Two governmental organisations recently released reports on regulatory approaches to fintech advances, including blockchain. First, the US Federal Reserve Board released its report on distributed ledger technology (i.e., blockchain) in payments, clearing, and settlement. Following that release, the European Supervisory Authorities (ESAs) — a joint [...]