Here’s Elon Musk’s latest project: Tesla’s solar roof October 29, 2016 You'd forgive Elon Musk for feeling pretty confident at the moment. He has just surprised Wall Street with Tesla's first profit for three years, reporting net income of $21.9m (£17.9m) for the third quarter after 13 consecutive quarterly losses. Record deliveries helped offset rising expenses. And now, the Tesla co-founder and chief executive has unveiled his [...]
Employment tribunal ruling could cost Uber over £17m, says employment lawyer October 28, 2016 Today's landmark ruling by an employment tribunal that Uber drivers are not self-employed but entitled to basic workers' rights such as holiday pay, could cost the company in excess of £17m, according to an employment lawyer. Sean Nesbitt, partner in the employment team at law firm Taylor Wessing, said: "It is economically significant to Uber. [...]
The House of Lords is investigating the pros and cons of driverless cars October 28, 2016 Anyone feeling edgy about the progress of driverless cars and their imminent arrival on UK roads can rest easy (sort of). Next week the House of Lords will get cracking on its inquiry into autonomous vehicles and their future on UK roads. The science and technology committee will meet on Tuesday 1 November and hear evidence [...]
Your iPhone should change automatically when the clocks go back for UK 2016 Greenwich Mean Time – but here’s what to do if it doesn’t work October 28, 2016 This Sunday morning, everyone in the UK will get an extra hour in bed. At 2am, the clocks are due to go back an hour, as the country transitions from Daylight Saving Time (DST) to Greenwich Mean Time (GMT). For many of us, this comes with fears of alarms going off an hour early (or [...]
When do the clocks go back in October 2016 in the UK? Six things you should know about Daylight Saving Time changing to GMT on Sunday October 28, 2016 This weekend, we'll all get an extra hour in bed. At 2am on Sunday, clocks around the country will go back by an hour to 1am. The transition from Daylight Saving Time (DST) to Greenwich Mean Time (GMT) happens every year, and it means lighter mornings and darker evenings for all of us over the [...]
New Apple MacBook Pro: Six things you need to know October 28, 2016 Last night Tim Cook unveiled the new MacBook Pro – the biggest refresh of its laptops since the new-look MacBook was released in April 2015. The new MacBook Pro comes in 13-inch and 15-inch variations, and is a snip at about £1,500. Here's everything you need to know: 1. RIP, F keys The traditional function [...]
Chinese search engine Baidu reports dip in revenue and warns of further declines in the fourth quarter October 28, 2016 Shares in Chineses search engine giant Baidu have dipped by 2.1 per cent in out of hours trading after the company warned that revenue would decline further in the fourth quarter of 2016. The figures Revenue dropped 0.7 per cent to 18.25bn renminbi (£2.21bn), with mobile revenue representing 64 per cent of the total during the [...]
Employee rulings in New York and London to have “staggering” impact on the likes of Amazon and Uber October 28, 2016 Amazon has agreed to stump up $100,000 (£82,000) in back-pay to a New York delivery driver whose wage packet was deducted for lunch breaks he didn’t manage to take. In a ruling many American delivery contractors will welcome coming up to Christmas, the state attorney general said the settlement will mean short-term workers are entitled to receive [...]
Amazon’s share price slumps on disappointing results October 27, 2016 Amazon's shares have sunk in after-hours trading as the company posted a disappointing quarterly profit. The e-commerce giant's shares were down 6.8 per cent. It said its net income rose to $252m (£207m) from $79m a year before. But, at 52 cents per share, Amazon's income was less than expected. According to Reuters, analysts' average [...]
LinkedIn reports a jump in revenue ahead of merger this year October 27, 2016 LinkedIn, the global network for professionals reported a jump in revenue in its results for the third quarter of 2016. Total revenue increased 23 per cent annually, reaching $960m. LinkedIn's talent solutions revenue made up $623m of the overall sum, marketing brought in $175m and premium subscriptions revenue was $162m. Read more: Microsoft is buying LinkedIn [...]