Our terrible digital skills could be knocking £63bn a year off the UK’s GDP June 13, 2016 Lack of digital know-how is setting the UK economy back billions of pounds a year, a report published today has found. According to the research by the Science and Technology committee, 12.6m adults in the UK lack basic digital skills, while 13 per cent of those leaving university with a computing degree are still unemployed six [...]
Cisco and Manchester Science Partnerships launch innovation centre in the North of England June 13, 2016 Cisco has taken another step forward in its five-year plan to plough $1bn (£701m) into the UK's tech sector with the launch of a major innovation centre in the North of England. The global IT giant has formed a joint venture with the public-private enterprise Manchester Science Partnerships (MSP) to open the Mi-IDEA (Manchester Inspired – Innovation Digital Enterprise [...]
Chinese Uber rival Didi Chuxing raises another $600m – one month after it got $1bn from Apple June 13, 2016 Chinese Uber rival Didi Chuxing has just unveiled another $600m (£423m) round of funding – exactly one month after Apple ploughed $1bn into it. China Life made an equity investment of $300m and a long-term debt investment of two billion yuan, about $305m. Didi Chuxing said the two companies had committed to a partnership on internet-powered financial innovation and other initiatives – [...]
Tennis star Andy Murray serves up three more investments via Seedrs June 13, 2016 Tennis star and former Wimbledon champ Andy Murray has announced three more investments in British startups, made via the crowdfunding platform Seedrs. Murray, who lost to rival Novak Djokovic in the final of the French Open last weekend, has invested in Beeline, Dog Tracker Nano and blow LTD. The size of the investments has not been disclosed. Beeline is [...]
Fitbug looks out of shape as it posts its preliminary results June 13, 2016 Technology developer and fitness specialist Fitbug posted a year of losses in its preliminary results this morning, as the company announced a change in strategy. The figures Revenues for the year ending December 2015 were down to £1.26m, down from £2.3m in the year ending December 2014. The firm announced a pre-tax loss of £6.3m for the [...]
British business lost a billion pounds to cyber crime last year June 13, 2016 The cost of cyber crime to British business came in at £1bn last year but the true price could be even higher, experts have warned. The number of online fraud crimes jumped nearly a quarter for the year to March, with 37,070 reported to the City of London's national Action Fraud reporting centre, which is the central [...]
Small firms would lose £12k a day without mobile phone access, as mobile media demand soars June 13, 2016 Small businesses could lose up to £12,000 per day if they were without access to their mobile phone, research out today has shown. Firms with up to nine employees would on average miss out on almost four new business opportunities, each with an average value of over £3,000, every working day if their mobile was [...]
How to watch Apple’s next big announcement June 12, 2016 No sooner than we have a new iPhone (the SE, if you'd forgotten) than it's that time of year when we roll around to one of Apple's big annual events – WWDC. The tech company's annual developer conference is where several announcements are due to be made – from a new evolution of Siri, potentially, [...]
The seven things to look out for at Apple WWDC June 12, 2016 Apple's already launched a phone this year, but there's more to come from the tech titan, and some of that will be revealed at its developer conference next week. Don't expect the iPhone 7 yet though, this will be all about software and services rather than devices. Last year, we had a bumper one that [...]
Sit down, Sir Rod. Here are 14 tech entrepreneurs recognised in the Queen’s honours list June 11, 2016 Sit down, Sir Rod – you weren’t the only one to be recognised in the Queen’s 90th birthday honours today. Some 12.8 per cent of the 1,149 who made this year’s honours list were categorised as being from industry and economy. While the founders of BrewDog may have captured a lot of the attention, technology [...]