Can fintech survive when interest rates rise? This is what will happen to those models when it does… January 28, 2016 London is the epicentre of fintech development, and there are a plethora of different approaches appearing, some of which are more 'tech' than 'fin', while others are more 'fin' than 'tech'. If you look around, most people are being opportunistic, doing what has been done before, only slightly differently, using technology to make old things work more efficiently. But [...]
DeLorean for sale: Iconic Back to the Future car will soon go back into production January 28, 2016 The dreams of anyone who wished they could own a DeLorean – made famous in the Back to the Future films – are about to come true. The classic 1980s car will soon go back into production, keeping all the distinctive hallmarks that made it famous – the square angles and, of course, wing-like doors. It wasn't [...]
Facebook share price jumps as social network reveals revenue growth of 51.7 per cent as mobile ad revenue rockets January 27, 2016 Facebook's stock has risen by almost nine per cent in after hours trading, after the social network unveiled revenue of $5.8bn (£4.1bn) for the three months to the end of December – and $17.9bn for 2015. This marks a quarterly jump of 51.7 per cent from $3.85bn in the final quarter of 2014, and a significant increase [...]
Apple shares are falling in pre-market trading with “peak Apple” fears after rcord revenue but iPhone sales slowdown January 27, 2016 Apple shares are down more than four per cent before US markets open after reporting record revenue (again), but a slowdown in smartphone sales. Fears of a slowdown in the tech titan's business have sparked concern among investors. “With the Street widely expecting a softer March guide, we would characterise a 50 million-plus iPhone unit bogey as ‘better [...]
Payment data is dangerously exposed as mobile payments soar January 27, 2016 With mobile payments on the rise, a new reports warns that critical security flaws are exposing financial data to attacks. More than half of companies admit that their payment data has been exposed to a security or data breach, showed the survey from Ponemon Institute and Gemalto, with attacks occurring on average twice a year. [...]
Uber ordered to pay €1.2m by French court January 27, 2016 Uber has been ordered to pay out €1.2m (£900,000) by a court in France. The Paris high court ruled that Uber must pay the National Taxi Union, in relation to a ruling on the way Uber picks up passengers in the city, according to documents seen by AFP. The ruling dates back to 2014 and is being appealed [...]
Science minister George Freeman: The City of London has to be at the centre of the fourth industrial revolution – funding breakthroughs in technology and biosciences January 27, 2016 You heard it at Davos, and in every boardroom in the City and Whitehall: what does the new model of 21st century innovation look like? How will the internet and bioscience revolutions – the "Fourth Industrial Revolution" – change our lives in the same way as the radio, automotive and aerospace sectors did over the last [...]
Companies not doing enough to protect themselves from cybersecurity risks, believing their business will not be a target for attacks January 27, 2016 Despite business leaders' concerns about cybersecurity, companies are failing to protect themselves against risks, believing the worst will not happen to them. Research released today by insurer Aviva has found that two in five (44 per cent) small- and medium-sized businesses in the UK think the odds are unlikely of them being the target of a cyberattack [...]
Apple predicts first revenue decline in over a decade as iPhone sales growth falls to slowest rate ever January 26, 2016 Shares in tech giant Apple jumped initially in after hours trading after the company revealed earnings results for the first quarter of this financial year that came in ahead of analysts’ expectations. Earnings per share hit $3.28, beating forecasts of $3.23, while revenue was $75.9bn (£52.9bn). However revenue failed to meet projections, with the rate of growth [...]
The best games of 2016 – charting the biggest new releases to look forward to this year January 26, 2016 Adrift ETA: 28 March Available on PC, PlayStation 4 and Xbox One Designed to be played with a virtual reality headset, Adrift plonks you inside the helmet of an imperiled astronaut who must solve a number of very pressing space-based mysteries. Namely, why has your space station exploded? And while we’re on the topic, is it [...]