Margrethe Vestager stays on in beefed up EU competition role in blow for tech giants September 10, 2019 Margrethe Vestager has retained her role as EU competition commissioner in a blow for Silicon Valley tech giants. Vestager, known for her formidable crackdown on tech firms, has also been appointed executive vice president tasked with making Europe “fit for the digital age”. Read more: EU antitrust chief Margrethe Vestager signals decision on Google Adsense [...]
National Grid calls for security review following massive August power cut September 10, 2019 UK electricity operator National Grid has said the network’s security standards need reviewing following the August power cut which plunged 1m Britons into darkness. Read more: Government sets out scope for probe into national grid outage In National Grid’s report into the outage, published today by energy watchdog Ofgem, it concluded that a simultaneous loss [...]
Shares in British Airways owner IAG bounce as strike enters second day September 10, 2019 Shares in British Airways’ parent company IAG are up by more than five per cent this morning as the airline suffers its second day of strike action. Pilots who are members of the British Airline Pilots’ Association (Balpa) are into their second day of industrial action in an ongoing dispute over pay and working conditions. [...]
Dominic Cummings lashes out at ‘rich Remainers’ as he sticks to 31 October Brexit deadline September 10, 2019 Boris Johnson’s chief adviser has vowed the UK will quit the EU on 31 October and lambasted media for speaking to “rich Remainers” in London. Dominic Cummings said he was “sure” the UK would leave the bloc on the current Brexit deadline of Halloween. Read more: Boris denied election again as parliament shuts up shop [...]
iPhone 11 launch date, price, and 5G: Everything you need to know September 10, 2019 The internet rumour mill has been in overdrive in recent months before the launch of Apple’s next generation iPhone 11. As Apple battles slipping sales for its flagship products, the Silicon Valley tech giant will be hoping its latest models will win over consumers. Ahead of the iPhone 11 launch tonight, here’s everything you need [...]
Alibaba chairman Jack Ma steps down September 10, 2019 Alibaba chairman Jack Ma will retire from the Chinese e-commerce giant today, marking the occasion with a huge farewell party. Ma co-founded the business, which has become one of the world’s biggest internet firms, 20 years ago in Hangzhou in eastern China. Read more: Alibaba delays Hong Kong listing over protests The entrepreneur will hand [...]
Galliford Try share price rockets on £1.1bn Bovis Homes merger talks September 10, 2019 Galliford Try’s share price soared today as it restarted talks with Bovis Homes on a merger that could value its housebuilding unit at £1.075bn. The housebuilders have agreed high-level terms for a potential tie-up but told investors today that “there remains significant work to be completed” before they could finish the deal. Read more: Galliford [...]
Huawei drops lawsuit against US over seized equipment September 10, 2019 Huawei has dropped a lawsuit against US authorities over telecoms equipment that was seized on suspicion of export control violations. The Chinese tech firm launched legal action against the commerce department and other government agencies after they seized equipment in 2017 following a lab test in California. Read more: US charges Chinese professor with fraud [...]
Shares in gambling firm 888 Holdings slide on first-half profit dip September 10, 2019 Shares in gambling company 888 Holdings fell nearly nine per cent this morning after profit fell by nearly two thirds in the first half of the year. The company said profit before tax for the six months to 30 June was $22.2m (£18m), down from $60.1m in the first half last year. Read more: Online [...]
Speaker John Bercow blocked from leaving chair as MPs protest Boris parliament prorogue September 10, 2019 MPs protested Boris Johnson’s act to prorogue parliament last night by brandishing signs and stopping speaker John Bercow from leaving his chair. The Prime Minister last night suspended parliament for five weeks until 14 October, just two weeks beyond the UK’s scheduled departure date of 31 October. Read more: Boris denied election again as parliament [...]