Amazon has soared above Buffett ahead of Prime Day July 12, 2016 Amazon is soaring ahead of one of its biggest shopping days of the year Its share price has struck an all-time high and the web giant has overtaken Warren Buffett's Berkshire Hathaway to become the fifth largest company in the world. Jeff Bezos's retail and technology giant has had a stellar year so far that just seems to [...]
A quarter of business services jobs are at risk from robots July 12, 2016 First, the bad news…. a quarter of all jobs in the business services sector are at risk from being taken over by robots. Automation of jobs is likely to make at least 800,000 jobs in the sector obsolete, but as many as one million could be at risk over the next 20 years, according to Deloitte. [...]
Germany’s Siemens makes long-term commitment to UK after Brexit vote July 12, 2016 German engineering and technology company Siemens has made a commitment to the UK after Brexit. The statement comes at a time when several UK-based companies – including easyJet and Vodafone – are understood to be considering moving operations to the rest of Europe. Read more: Siemens, Gamesa join forces to create world's biggest wind farm business But [...]
SEC investigating Tesla over failure to disclose driverless car crash – reports July 12, 2016 The US Securities and Exchange Commission (SEC) is investigating Elon Musk's Tesla Motors – in particular, looking at whether the tech firm broke the law by failing to disclose a fatal accident involving one of its driverless cars in May. The accident, which happened in Florida on 7 May, resulted in the death of 40-year-old Joshua Brown. [...]
Lack of IT security skills will lead to increased risk of cyber threats in the next few years July 12, 2016 Shortage of IT security talent will lead to more cyber security attacks in the next five years, according to a new report by IT recruitment consultancy Robert Half Technology. Demand for IT security specialists is rising, with companies and businesses in fear of data theft and hacking. The report found the majority of UK IT bosses (77 per cent) believe they will [...]
Post Brexit vote, your business still needs to be prepared for the EU General Data Protection Regulation July 11, 2016 High-profile data breaches are becoming increasingly routine. Media coverage of events like the massive TalkTalk hacking scandal have opened the public’s eyes to the insecurity of their private data in the hands of enterprises, though they aren’t the only ones who have taken notice. Regulators across Europe have taken it upon themselves to ensure these [...]
Swift’s beefing up its security after fraud troubles July 11, 2016 The global bank messaging system which was targeted in a multi-million dollar hack of the Bangladesh central bank has beefed up its cyber security in the wake of the fraudulent attack. Swift, which oversees the international transfers of major financial institutions, has called in support from specialists BAE Systems and Fox-IT to increase its ability to respond to [...]
Pokemon Go is bigger than Tinder (and catching Twitter) July 11, 2016 The popularity of new mobile game Pokemon Go is sweeping across the US just days after its release. Yep, if you've managed to bypass the madness, the 90s kids cartoon and Nintendo game favourite led by Pikachu is back and in a very 21st century way – in the form of a mobile game apparently more addictive than Candy [...]
Scientists create wee-ly good Glastonbury festival toilets that generate electricity July 11, 2016 It might have p*ssed down with rain at Glastonbury this year, but festival-goers can take comfort in the fact they helped further a potentially transformative project for the developing world. Researchers over at the University of West England created a urinal which uses the bacteria found in wee to generate energy. Read more: Civil servants are massive [...]
This fintech startup has shaken off Brexit to raise millions more July 11, 2016 UK fintech startup Revolut has raised millions of pounds of new funding from top Silicon Valley investors and plans to raise further cash via crowdfunding, shaking off worries over a Brexit slowdown in tech investment. The year-old currency transfer app has raised up to £6.75m from Ribbit Capital along with existing seed investors Balderton Capital, Index Ventures, Point Nine Capital, [...]