Hotly-tipped London startup Yubl has collapsed into administration November 11, 2016 One of London's most hotly-tipped startups, Yubl, has collapsed into administration with the loss of more than 50 jobs, City A.M. understands. In August City A.M. reported the social messaging app was aiming to raise up to £20m in venture capital as it eyed a move into Europe. The company, which has been tipped as the "UK's answer [...]
Facebook’s Mark Zuckerberg rejects claims the network swayed the US election November 11, 2016 Mark Zuckerberg has denied claims that fake news on Facebook helped elect Donald Trump to the White House. The chief executive of Facebook said at the Techonomy technology conference in San Francisco last night that it was a "pretty crazy idea" and that voters "make decisions based on their lived experience". “The idea that fake news on [...]
The new bridge to China heralds the start of a golden age for UK fintech November 11, 2016 Over the past few years I’ve witnessed first-hand the UK’s fintech sector emerge as the world’s dominant hub – over traditional technology centres such as Silicon Valley, New York, Israel, Singapore, and Hong Kong. There is no question that more technology innovation and value creation in financial services comes from the UK than anywhere else [...]
Ex-Cameron adviser Dan Korski is on the look-out for people to back an innovative new fund November 10, 2016 One of David Cameron’s fellow Brexit vote victims is on the hunt for backers for a fund that will invest in public sector technology projects. Dan Korski, who quit his role as special adviser to David Cameron following Britain's decision to leave the EU, is planning to launch a new "govtech" fund. And, according to reports [...]
Snapchat Spectacles: The only way to buy them is via secret vending machines November 10, 2016 Remember Snapchat's surprise move into hardware? The app revealed plans for a pair of sunglasses with a built-in camera in September, and now it has revealed how it plans to get them into people's hands on to people's faces that might leave many people frustrated. No shop displays or online ordering for the newly re-named Snap – [...]
Tesco Bank fraud tars UK financial image, warns home secretary Amber Rudd November 10, 2016 Scandals like the recent cyber attack on Tesco Bank risk damaging the UK's prized financial reputation, the home secretary has warned today. Speaking at a conference hosted by the Financial Conduct Authority (FCA), Amber Rudd cautioned that public confidence in financial institutions was rocked when such incidences occurred and the government saw cyber crime as a [...]
Google hits back at EU antitrust charges… again November 10, 2016 Google has hit back against the EU watchdog for a third time, this time over claims that its Android operating system is anti-competitive, saying it is the most "open, flexible, and differentiated of the mobile computing platforms". The US tech giant has filed a response to charges by the European Competition Commission accusing it of "implementing a strategy" [...]
Greg Clark warns rip off energy companies to treat their customers fairly or they could face further action November 10, 2016 The government are preparing for a crackdown on energy companies who rip off their customers and exploit their loyalty. Greg Clark used his first major speech as head of the newly created business and industrial strategy department to attack utility companies for complicated tariff regimes which confuse people into paying too much. The business and energy secretary made it [...]
Revealed: What Apple boss Tim Cook told staff after Trump’s election win November 10, 2016 Donald Trump's surprise win in the Presidential race has shocked liberal Silicon Valley and now Apple chief executive Tim Cook has written to staff to reassure them about the outcome. Cook celebrated diversity, as well as the differing political views among its 76,000 employees in the US, according to a memo obtained by Buzzfeed. The boss [...]
Fintech brokerage startup set up by footballer Ryan Bertrand announces £1m seed funding November 10, 2016 It’s a big week for England footballer Ryan Bertrand. Not only will he be fighting for his place in the Scotland match on Friday, his brokerage startup is also announcing it has raised £1m in seed funding. Pacific & Orient Berhad, a Malaysian-listed company with a UK subsidiary, led the funding round, supplemented by angel [...]