FAANGs out: Tech stocks set to continue slide after losing $172bn in a single day October 11, 2018 Yesterday's $172bn (£130bn) tech stocks slide is set to worsen today, as pre-market trading indicates each of the so-called FAANG companies could stand to lose further value. Amazon was the worst hit overnight, losing an additional 2.24 per cent on top of yesterday's 6.15 per cent slide which wiped around $56bn off its market capitalisation. Apple [...]
High Court blocks iPhone data breach suit against Google October 8, 2018 The UK's High Court has blocked a mass legal action court case against Google, which claimed the tech giant had collected sensitive information from over 4m iPhone users. The tech giant faced claims that it circumvented the privacy settings installed on Apple's iPhone Safari browser between August 2011 and February 2012, using a method known as the [...]
Apple exec Angela Ahrendts bags $28m shares bonus October 7, 2018 One of Apple's retail bosses Angela Ahrendts made a whopping $28m (£21.m) last week through bonus shares thanks to the tech giant's stock price going through the roof. Ahrendts was given restricted stock units when she joined the company from Burberry in 2014, and has benefited hugely from Apple's share price nearly tripling since she was first hired. When she [...]
UK cyber security agency backs Apple and Amazon’s denials of Chinese hardware hack October 5, 2018 The UK's National Cyber Security Centre (NCSC) said it had no cause to doubt statements made by Apple and Amazon yesterday, denying a Bloomberg report that malicious computer chips were placed inside their equipment by foreign agents. Bloomberg cited 17 anonymous sources across US intelligence agencies and company insiders, who stipulated Chinese intelligence officials had infiltrated [...]
Apple and Amazon deny reports of Chinese hardware hack October 4, 2018 US tech giants such as Apple and Amazon have denied reports of a Chinese hack on their hardware systems, after a Bloomberg investigation claimed malicious computer chips were placed inside equipment by foreign agents. Bloomberg cited 17 anonymous sources across US intelligence agencies and company insiders, who stipulated Chinese intelligence officials had infiltrated around 30 US [...]
Tesla shares bounce back after Elon Musk agrees to step down as chairman October 1, 2018 Tesla shares have jumped over 16 per cent following a backlash last week over the company's $40m (£31m) fine from the US Securities and Exchange Commission (SEC). Musk has been pursued by the SEC over a tweet he sent in August saying he has secured funding to take Tesla private at $420 per share. The SEC said [...]
We are veering towards a Brexit brain drain – it’s time for brands to shake things up September 26, 2018 There is a lack of innovation among British businesses; this was a problem highlighted in our latest research. It’s also a problem which threatens the future of UK businesses outside of the EU bloc, potentially hindering our ability to attract and retain talent. Fast-growing economies such as China, Indonesia, India, the US, and Germany [...]
Qualcomm accuses Apple of stealing trade secrets to bolster its chip deal with Intel September 25, 2018 US chipmaker Qualcomm has hit out at Apple with fresh accusations of the Cupertino tech firm stealing trade secrets and passing them on to rival chipmaker Intel. Qualcomm believes Apple is attempting to groom Intel for future chip deals for its flagship iPhone and iPad products. Qualcomm provided the chips for the iPhone up until [...]
Apple teams up with Salesforce to make business apps better for iPhone and iPad September 24, 2018 Apple and Salesforce have entered into a strategic partnership which will see the two firms work together on building enterprise apps that utilise more of Apple's best mobile features, such as Siri. Salesforce will redesign its own app as part of the deal, to debut in early 2019, as well as provide new tools to [...]
Ireland finally collects Apple’s €13.1bn disputed tax bill September 18, 2018 Ireland has fully collected the €13.1bn (£11.7bn) owed to it by Apple in unpaid taxes, plus €1.2bn in interest, its finance minister confirmed today. Apple paid the sum into an escrow fund awaiting the outcome of two appeals launched by the tech giant and the Irish government. Read more: Brexit Britain could be new sweetheart [...]