Transferwise set for second round of fresh funding as expansion continues February 29, 2016 Online money transfer service Transferwise is closing in on a new round of funding, just 12 months after a $58m raising led by US venture capital firm Andreessen Horowitz. Transferwise still has around half of the previous rounds’ cash in the bank, City A.M. understands. Transferwise is in talks with big name investors including existing [...]
More details revealed on the EU-US Privacy Shield, the successor to Safe Harbour, regulations governing how data will be shared between the two regions February 29, 2016 Legal details on incoming regulations governing the flow of data between the EU and the US were published by the European Commission today, although experts are warning the new framework could be tougher to comply with than its predecessor and may not entirely clear up uncertainty for businesses. The EU-US Privacy Shield, which is replacing [...]
UK weather: This winter has been one of the warmest but wettest on record, thanks to Storms Desmond, Eva and Frank February 27, 2016 Anybody wanting to flaunt an expensive winter coat or chunky jumper this winter has been out of luck, because it's shaping up to be one of the warmest on record. According the early statistics from the Met Office, the average temperature in the UK this winter was 5.6c, making it the third warmest year since 1910 and [...]
Facebook’s Mark Zuckerberg tops poll of favourite technology chief executives, and Apple’s phone unlocking row with FBI has not dented view on Tim Cook either February 27, 2016 It may be almost a teenager, but we're still fans of Facebook, or the people behind it at the very least. Facebook's Mark Zuckerberg has topped a poll run by intelligence company Morning Consult as the technology chief executive the greatest number of people have a favourable opinion of, with 48 per cent saying they [...]
Barristers warned not to store confidential information in the cloud as US authorities can access it, putting UK legal privilege at risk February 26, 2016 Barristers are being urged to think twice about where they store their data, as the Bar Council has warned that information in cloud storage could be accessed without their permission. In a note to Bar Council members last night, the Bar Council IT panel advised that certain pieces of US legislation had the potential to allow [...]
Nintendo drastically slashes profit forecast due to strengthening yen and disappointing 3DS sales February 26, 2016 Nintendo has drastically slashed its profit forecast for the fiscal year ending next month, with a strengthening of the yen weighing on the Japanese video games manufacturer. Net profit estimates were trimmed from 35bn yen (£200.4m) to 17bn yen as its forecast sales were decreased by 70bn yen to 500bn yen. Nintendo's disappointing sales performance [...]
This is where hazardous hoverboards go to die as the dangerous devices are destroyed February 25, 2016 Has a gadget ever fallen from grace so fast? From zero to hero and back again, and not even able to jump on the must-have Christmas toy bandwagon, the so-called hoverboard (but actually a self-propelled scooter) became the must-ban device of last year. Its flash in the pan status was run off course earlier than expected after sparks [...]
Banks like Lloyds, Barclays and HSBC told to give up stakes in the UK’s payment systems to increase competition and innovation February 25, 2016 Britain's biggest banks have been told to ditch their stake in the core system which govern how the majority of payments in the UK, from salaries to bank transfers, are made in order to increase competition in the market. Barclays, Royal Bank of Scotland, Lloyds, HSBC and Santander are among 18 banks which collectively own Vocalink, the system underpinning [...]
These are the most right-swiped jobs on Tinder: Pilots, physical therapists and teachers more popular than models February 25, 2016 When looking for love, a person's job can make all the difference – and some apparently more than others, according to Tinder. The dating app has revealed the careers which people are most likely to swipe right on. When picking a partner, women prefer men who are pilots, entrepreneurs, firefighters or doctors. Meanwhile men are more likely to go [...]
Foxconn delays $4.3bn takeover of Sharp which would unite major Apple iPhone suppliers February 25, 2016 A billion dollar deal that would create a merger between two of Apple's biggest suppliers has already hit a road block just hours after the takeover was confirmed. Foxconn has put the $4.3bn (£3.08bn) deal to takeover Sharp on hold, according to several reports, after receiving new information regarding financial risks. The struggling Japanese electronics maker earlier gave [...]