Apple says it will miss revenue targets because of coronavirus impact February 17, 2020 Apple said today it will not meet its quarterly revenue guidance due to the coronavirus outbreak which has affected production and demand in China. The company had previously forecast $63bn (£48bn) to $67bn in revenue for the quarter ending in March. It did not give a revised forecast today. Apple said that despite the fact [...]
City grandee Michael Spencer among losers after collapse of startup Laundrapp February 17, 2020 City grandee Michael Spencer has lost millions after a laundry startup he was a key backer for went into administration on Friday. Laundrapp was sold in a pre-pack administration on Friday after running out of cash. Spencer’s private investment group IPGL was a cornerstone investor in a £4m 2015 funding round in Laundrapp in which [...]
EU ‘fails to see the point’ on UK’s trade stance, claims Frost February 17, 2020 Britain’s desire to step away from the EU’s rules is not “some clever tactical position” but the entire point of Brexit, Boris Johnson’s chief negotiator has told Brussels. In a stark warning that the UK would not capitulate to demands over the so-called level-playing field – which includes rules around competition, the environment and tax [...]
Mifid II review could lead to unexpected changes says former MEP February 17, 2020 A key contributor to the European Mifid II financial regulations today warned that plans for reforms of the rules could lead to unexpected consequences. The European Commission today launched a consultation on changes to the Mifid II rules, with possible changes including the establishment of a single record of trading data from the separate national [...]
Jeff Bezos launches climate change fund with $10bn donation February 17, 2020 Amazon founder and chief executive Jeff Bezos has revealed he will be committing $10bn to the cause of fighting climate change, with the launch of the Bezos Earth Fund. The billionaire said in an Instagram post the fund would be used to provide grants to non-governmental organisations (NGOs), scientists and activists — or “any effort [...]
Thronebreaker: The Witcher Tales on Nintendo Switch review: Gwent is back and it’s never felt so good February 17, 2020 Gwent, light of my life, fire of my loins. My sin, my soul. The Witcher 3 is one of the truly great open-world games, mind-boggling in its scope and masterful in its execution. But there were times when it felt like elaborate padding around the in-game pastime, Gwent. I clocked over 300 hours in this [...]
Former Amazon executive admits turning off Alexa for ‘private moments’ February 17, 2020 A former senior Amazon executive has admitted to turning off his Alexa whenever he wants some privacy due to concerns the company was listening in on his conversations. Robert Frederick, who served as senior manager of Amazon Web Services, told BBC Panorama: “I don’t want certain conversations to be heard by humans. Conversations that I [...]
Tube fare dodging rates spike by almost 30 per cent February 17, 2020 Instances of fare dodging have increased by almost 30 per cent since 2016, leading to £116m of lost revenue for Transport for London (TfL) in a single year. TfL statistics, released by City Hall, show the number of warnings, penalty notices and prosecutions for fare dodging rose from 87, 948 in 2016-17 to 112,266 in [...]
Fearing the wurst: UK to lose right to sell sausages to the EU after Brexit February 17, 2020 UK food manufacturers could be blocked from selling fresh sausages and mince to the EU after Brexit, a retail sector lobbying group has warned as Britain gears up for trading negotiations with the bloc. Non-member countries must obtain an export health certificate for products of animal origin to enter the EU, but no licence exists [...]
Kantar boss ousted ahead of departure as Bain lays down the law February 17, 2020 Kantar chief executive Eric Salama has been ousted just months ahead of his planned departure as new owner Bain Capital turned its fire on the market research firm’s long-serving boss. Salama announced in December that he would step down from the company in 2020, citing “personal priorities” after he was stabbed in an attack in [...]