EU referendum: City of London Corporation chief in Brexit warning to the capital’s fintech sector April 8, 2016 London's multi-billion pound fintech sector is being urged by the City of London Corporation to speak up in favour of Britain staying in the European Union. In a speech to be delivered on Monday, the Corporation's policy chairman Mark Boleat will say: “It is far better to have ‘entrepreneurs for Europe’ than ‘bankers for Brussels’ [...]
Bank worries over fintech and an approaching “Uber moment” are subsiding, new research finds April 7, 2016 Bank worries over fintech and an approaching "Uber moment" are subsiding, a new study suggests. A survey of 127 finance industry professionals by Autonomous Research found that while fintech is seen to matter more, the perceived “Uber risk” is receding. Read more: Fintech is coming to take your banking job Nine per cent of those surveyed said [...]
Twitter share price down after Morgan Stanley cuts earnings forecast and price target for social media company April 7, 2016 Morgan Stanley has cut its price target and earnings forecast for Twitter. In a note on Thursday, analysts led by Brian Nowak cut the social media firm's price target from $18 to $16. And Morgan Stanley's projection for earnings before interest, taxation, depreciation and amortisation (Ebitda) for 2017 is down 13 per cent to $769m. Read [...]
I spent the entire day on the sofa using only my smartphone to feed, clean, entertain, wash and supply me. Here is my story. April 7, 2016 There’s never been a better time to have an aversion to effort. Fuelled by a heady mix of collective laziness and a perceived lack of free time, a new breed of smartphone app has rocketed to popularity: the convenience app; the concierge app; the can’t be bothered doing it myself app. All of them developed [...]
Kerching: Tesla Model 3 pre-orders are now worth $14bn April 7, 2016 People are seriously loving Tesla's newest car. Just a week after the Model 3 was revealed, pre-orders worth $14bn (£9.9bn) have flooded in from eager car fans. That's an impressive 325,000 vehicles – roughly the equivalent of around 32 orders every single minute for the $35,000 electric car. Read more: Here's what you need to know about the Tesla Model [...]
Beautiful things: from digital turntables to robot vacuum cleaners April 7, 2016 Beautiful things: from digital turntables to robot vacuum cleaners
Cyber security professionals are a big deal in Asia Pacific with strong technology skills in hot demand April 7, 2016 Those who cite computing as their main hobby may not have been very popular back in their schoolyard days, but early indicators show they're set to become practically rock stars in one part of the world this year. Demand for professionals skilled in fintech, digital and cyber security has helped bolster a strong job market in Asia Pacific [...]
Is social media making you depressed? You’re not alone April 7, 2016 We all know those gorgeous Instagram pictures of elaborate cocktails, stellar sunsets, fashion mag poses and the all round filtered amazingness of life are a bit of an illusion, but that doesn't stop us taking a peek at the lives of our mates and feeling a little envious. But for many, people, it's not just a twinge [...]
Here’s what the Galaxy S7 has done for Samsung’s profits April 7, 2016 Samsung's flagship Galaxy S7 smartphone is already paying off. The South Korean firm expects a 10 per cent rise in sales for the first three months to March of 6.6 trillion won (£3.9bn), ahead of analyst estimates of around 5.5 trillion won. Revenues meanwhile were up four per cent to 49 trillion won for the same period [...]
Yahoo anticipates another 15 per cent drop in revenues to $3.5bn in 2016 April 6, 2016 Yahoo is anticipating another 15 per cent drop in revenues this year. The web portal reported profits of $4.4bn (£3.1bn) in 2014, $4.1bn last year and is expecting this figure to drop to $3.5bn in 2016. Read more: Hedge fund wants to overhaul Yahoo's board The figures were first reported by Re/Code, which quoted them from a [...]