How alternative finance is making supply chain finance sexy – a Q&A with C2FO’s Colin Sharp April 28, 2016 The world of alternative finance is increasingly varied. There are property equity crowdfunding platforms, remittance firms with Wikipedia payment models. Specialist lending products are growing in popularity and some firms are looking at blockchain technology. Platform C2FO is focused on helping to bring liquidity to business supply chains. It gives companies visibility of their entire [...]
Facebook’s share price jumps after it beats expectations April 27, 2016 Facebook's share price has jumped after the social network announced results that topped already high expectations. The social media giant's share price jumped over 8.8 per cent in after hours trading. Facebook, which expected to report strong, steady growth, reported revenue of $5.4bn (£3.7bn) in the three months ending 31 March. That's against the average analyst estimate of $5.3bn, and [...]
Star Fox Zero review: a multi-screen mess that asks too much and gives too little April 27, 2016 Star Fox Zero is a game about a cool fox who flies around in space shooting bad guys with his animal friends: a hateful bird, some kind of terrible frog and an incompetent rabbit. The game is largely similar to the Star Fox games of old – the 1993 SNES classic Starwing and its 1997 [...]
Twitter shares just plummeted after earnings miss. And it got a downgrade too April 27, 2016 Shares in Twitter have plummeted after another tough quarter, opening more than 15 per cent lower after missing estimates for revenue and cutting forecasts for the next three months. Shares fell under $15 for the first time since February. Twitter failed to shake off concerns that it has trouble with growth. The social network did increase [...]
Gem Health partners with Philips Blockchain Lab to investigate using blockchain technology in healthcare April 27, 2016 US blockchain startup Gem has partnered with Philips to launch Gem Health, an initiative for building a "patient-centric approach to healthcare" utilising blockchain technology. Gem Health has teamed up with Philips Blockchain Lab, and said it is aiming to provide the data infrastructure to support a "globally integrated healthcare continuum", connecting companies that work in all levels [...]
Apple has fallen: Share price drops on slowdown wiping $46bn from market cap as Goldman Sachs removes from “conviction” list April 27, 2016 Shares in Apple fell more than eight per cent as markets opened in New York after the company reporting a fall in both revenue and iPhone sales. Around $46bn (£31.6bn) was wiped from its value as a result of worse than expected results. The fall in revenue to $50bn – around $2bn short of estimates – for the second quarter [...]
The Panama papers are about to be made public April 27, 2016 The massive leak of offshore tax information from Mossack Fonseca may soon cause more ripples. A searchable database of the companies named in the leaked information will soon be made public by the organisation to which the information was disclosed. Read more: Who leaked the Panama papers? "200,000 companies, trusts, foundations and funds incorporated in 21 tax [...]
Arrr! Photo agency wants Brussels to force Google into walking the plank for turning people into “accidental pirates” April 27, 2016 A photo agency wants Google to walk the plank for turning people into “accidental pirates”. Yes, Google is facing yet more legal action in Brussels. This time, Getty Images has complained to the European Commission over Google Images. As well as accusing Google of creating pirates, Getty also said the search engine is "threatening innovation, and [...]
Media mogul Arianna Huffington is joining the board of ride-hailing service Uber April 27, 2016 Media tycoon Arianna Huffington will join the board of directors of the ride-hailing app service Uber. Travis Kalanick, Uber's chief executive, announced Huffington's appointment to Uber, which was launched in 2009, in an article on The Huffington Post. "For those of us who know Arianna, it's clear she knows a thing or two about being an entrepreneur," [...]
What you need to know about Apple (other than that revenue drop) April 27, 2016 Oooof. We knew it would be bad, but not quite this bad. Apple's revenue miss was worse than expected, coming in at around £2bn less than the average analyst estimates while the predicted iPhone sales slowdown indeed came to pass. But beyond those big numbers (first revenue drop since 2003, first iPhone dip since its 2007 [...]