Apple dismisses more than 200 staff from self-driving car unit Project Titan January 24, 2019 Apple has cut more than 200 staff from its secretive self-driving car unit Project Titan, as the business undergoes some restructuring under new management. The dismissals, first reported by CNBC, come after Apple hired a former veteran of the firm Doug Field and Tesla's ex-vice president of engineering to lead the project alongside Bob Mansfield last [...]
Big tech firms like Google, Amazon and Facebook spent a record amount on political lobbying last year January 24, 2019 Google, Amazon and Facebook's bill for lobbying the US government hit record highs last year, as life under the Trump administration put big tech firms in the spotlight. Google parent firm Alphabet said it spent $21.2m (£16.3m) on political lobbying costs in the US last year, topping its previous all-time high of $18.2m achieved in 2012. It [...]
Heed the celebrity gurus and teach Britain how to manage January 23, 2019 Most businesses will fail, eventually. If current trends continue, 374,880 of the 660,000 new businesses registered in 2018 will have ceased trading by 2023. If your idea isn’t good enough, it’s better for your business to fold quickly to limit losses. Yet sometimes entrepreneurs stumble upon a great idea, but lack the managerial know-how to [...]
Tech giants accused of data protection breaches by Austrian activist January 19, 2019 Tech giants Apple and Amazon have been named in a complaint filed by Noyb, claiming they are still failing to comply with the EU’s General Data Protection Regulation (GDPR). The company, chaired by data privacy activist and lawyer Max Schrems, filed a complaint in Austria also naming Netflix, Spotify and Youtube after it tested the [...]
South Korean broadcasters team up to create streaming service rival to Netflix January 15, 2019 South Korea’s largest broadcasters are teaming up to create a streaming service to rival Netflix as the race to create on-demand platforms shows no signs of slowing. Broadcasting firms Seoul Broadcasting System (SBS), Munhwa Broadcasting Corporation (MBC) and Korean Broadcasting System (KBS) have joined with SK Telecom to set up the new venture this year. [...]
Bank earnings the next big threat to Buffett’s portfolio after Apple profit warning? January 14, 2019 | City Talk Warren Buffett may invest for the long haul, but surely any money manager must wince at the thought of losing a $4 billion chunk of their portfolio. Apple shares tanked at the start of the year after CEO Tim Cook issued the company’s first profit warning in 12 years, blaming the US-Sino trade war and [...]
Apple chip supplier Dialog Semiconductor predicts low quarterly sales January 14, 2019 Apple chipmaker Dialog Semiconductor today said it expects quarterly sales to be at the bottom end of its target range after the iPhone manufacturer issued a shock profit warning. Dialog reported preliminary revenue of roughly $431m (£336m) for the fourth quarter, which is at the lower end of its $430m to $470m forecast. In October [...]
Top 10 CEOs: Amazon’s Jeff Bezos tops index of chief executives, but who else makes the list? January 14, 2019 Amazon founder Jeff Bezos today took the top spot in a new index that rates bosses on the star power they bring to their companies. Billionaire Bezos, who has run Amazon for the past 25 years, has come first in a ranking out today that measures the brand value the world’s most rich-and-famous chief executives [...]
JD.com and other Chinese retailers slash iPhone prices in a bid to reverse poor sales January 11, 2019 Some of China's biggest retailers have dropped the price of older iPhone models following weak demand for the phones. iPhone resellers JD.com and Alibaba-backed Suning are among those to have cut the prices of the iPhone 8, 8 Plus and XR models by over a fifth in an attempt to boost sales. Read more: Apple issues profit [...]
Apple set to stick with LCD display for its new iPhone in the autumn January 11, 2019 Apple is reportedly planning to release three new iPhones in the autumn as it faces weakened demand in key markets for its top-selling handset. The new line-up will include a successor to the iPhone XR that will be a cut-price version of the device featuring an LCD screen, the Wall Street Journal reported. The XR has [...]