The French Touch Abounds in Tech January 18, 2017 The French tech scene has the most active sovereign wealth funds in the world, according to research firm, CB Insights. Two French funds make the top half of the top-ten, which also includes state funds from Singapore, Malaysia, Kuwait, Qatar, Saudi Arabia and China. France’s Banque Publique d’Investissement (Bpifrance) sits atop the list as the [...]
Fitbug shares have been halted January 18, 2017 Shares in Fitbug have been halted temporarily after earlier being energised by the British tech firm announcing a new deal to sell its wearables to a company workforce. The stock rocketed more than 130 per cent in early trading after announcing a deal with an unnamed global financial services firm based in Asia to use its devices to [...]
Elon Musk’s insane Hyperloop transport system is coming soon to a difficult-to-pronounce European city near you January 18, 2017 Hyperloop, the so-crazy-it-might-just-work ultra-speedy transportation system invented by Tesla founder and general mad professor Elon Musk, took another step forward today, after three European cities signed a deal to start exploring the technology. By Musk's reckoning, the system, which is essentially a giant vacuum tube, will suck pods through its tunnels at 760mph, cutting the three-hour [...]
Why are the world’s eyes on this innovative fintech startup? January 18, 2017 | City Talk Imagine an app that puts all your finances in one place: your current and savings accounts, credits cards, mortgage and other personal accounts – all in the palm of your hand. Quickly and easily. Money Dashboard’s app does just that – its financial data platform has attracted 100,000 users since its launch in 2010. The fintech [...]
This patent is a major hint Amazon’s entering the self-driving vehicle race January 18, 2017 Amazon appears to be the latest tech giant jumping into the driverless car race, as a new patent for the technology made by the retailer-turned-transport innovator has been uncovered. The designs, first reported by ReCode, are for a "roadway management system" which "can determine the direction of travel for lanes in a roadway and direct autonomous automobiles [...]
Fresh from an IPO, UK tech firm LoopUp had a superb 2016 sending shares soaring January 18, 2017 The newly listed British tech firm Loop Up, which provides conference calling technology to other business, has had a better than expected year sending shares soaring. The figures LoopUp's revenue for the year to the end of December 2016 was up 39 per cent on the previous year to £12.8m, while earnings before interest, taxation, depreciation and amortisation [...]
These are last year’s 25 most common passwords January 18, 2017 Despite the cyber security industry's best efforts, it seems people are bent on continuing to use the same, easy-to-remember passwords. Yep, a new study by password security firm Keeper has found a staggering 17 per cent of people use the password "123456" – exactly the same as 2015's top password. Having scoured 10m passwords, the company [...]
The tech industry still needs clarity on Theresa May’s Brexit aims January 18, 2017 Theresa May’s speech yesterday was packed with soundbites that would give the casual listener reason to be optimistic. She intends to make Britain into a “great global trading nation” while investing in infrastructure, and said that the referendum result was a decision to go “truly global”. She used the word global 17 times in fact, [...]
Tech unicorn Deliveroo is planning to create hundreds of new jobs January 18, 2017 UK tech unicorn Deliveroo is planning to create hundreds of new jobs in London as it grows its business globally. The food delivery company will create more than 300 new positions, many of which it said will be in highly-skilled senior technical roles in areas such as software and hardware engineering, behavioural economics and algorithm development. The additions [...]
Deutsche Bank chief blames regulation for lack of banking innovation January 17, 2017 Regulatory pressures are to blame for a lack of innovation among traditional financial institutions, according to the top boss of Deutsche Bank. Speaking at Davos on the subject of the future of finance, chief executive John Cryan said: "As regulation becomes more granular, traditional institutions tend to become less innovative and we're looking elsewhere for disrupters. "Everything [...]