‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
How traditional banks can keep ahead of their fintech noisy neighbours in innovation race May 16, 2016 There have been plenty of reports about fintechs being bad news for banks, but in actual fact they may be the best thing to happen to traditional banks and the banking sector for a long time. No, really. Many have warned that the introduction of digitally savvy options into the retail banking sector will prove [...]
Licence to Tweet: Britain’s top spy agency GCHQ has joined Twitter May 16, 2016 And you thought everything had to be hush hush when it comes to the world of spying, espionage and national security? These days, you'd be wrong – Britain's top intelligence agency GCHQ has joined Twitter. Hello, world. https://t.co/SROtSsE8KB — GCHQ (@GCHQ) May 16, 2016 And got this welcome from its US counterpart. Welcome to Twitter @GCHQ! https://t.co/EmD8hGMRBv — [...]
Watch out Tesco, now Amazon’s creating its own-brand range May 16, 2016 Is Amazon trying to eat even more of Tesco and the rest of the supermarkets' lunch? Not satisfied with muscling in on the grocery world with speedy deliveries straight to your door, the retailer-slash-tech giant is now planning on selling its own-label range of food and other sundries, according to reports. A new line of products that [...]
Prime position: Will Amazon come out on top in TV? May 16, 2016 Not content with battling premium video services like Netflix, Amazon now has YouTube in its sights. The launch of new user-generated content platform Amazon Video Direct (AVD) will allow video makers to upload their content to the site, where it can be watched by tens of millions of Prime subscribers. But becoming a one-stop shop for [...]
Lystable’s Peter Johnston talks brutal camps, moving to San Francisco and building the IDs of the future May 16, 2016 Imagine what it would feel like to make your housemate a millionaire within in a year. Your startup’s software enables companies to onboard, resource and pay their contract workers. It’s specific, but sticking to this underserved niche has allowed you to grow very fast. You have 4,500 contractors on your system and you recently had a [...]
The financial sector contains all the elements to make it the perfect target for cyber crime May 15, 2016 Telecomms giant Talk Talk and affairs facilitator Ashley Madison may have made headlines when they suffered data breaches last year, but a report due out on Tuesday will warn that the financial sector is the real top target for cyber attacks. The study by Marsh and TheCityUK will explore the extent of the risk that cyber crime poses to the City [...]
Space tourism, driverless cars and drones set for Queen’s Speech lift off May 15, 2016 New plans for driverless cars on Britain's roads are to be announced in the Queen's speech this week, as are proposals for creating an ambitious UK-based space tourism industry by 2018 along with drone-friendly innovations. “Driverless cars and commercial space flight might seem like something science fiction, but the economic potential of the new technology is huge [...]
Google could face the EU’s biggest ever antitrust fine May 15, 2016 Google could be facing a multi-billion pound fine over its dominance of internet search in Europe just weeks after it was charged in relation to similar claims over its Android operating system The fine, due to be handed out by competition chief Margrethe Vestager in the coming weeks according to the Telegraph, would finally wrap up a six year antitrust investigation into Google's powers [...]
Apple just ploughed $1bn into this Chinese taxi startup May 13, 2016 So now we've found out exactly what Apple was planning to do with (some of) the vast amount of cash it has sloshing around its bank account. Overnight Didi Chuxing, a Chinese rival to Uber, which describes itself as "the world's leading one-stop mobile transportation platform", issued a rather gleeful statement overnight saying it had made [...]
Google’s just overtaken Apple as the world’s most valuable company (again) May 12, 2016 Google parent company Alphabet has surpassed Apple to become the biggest publicly traded company in the world in terms of market capitalisation after Apple shares fell below $90 for the first time since 2014. The under pressure iPhone maker and the search giant have been vying to be crowned the most valuable company in the world [...]