Ex-Microsoft CEO Steve Ballmer becomes ninth member of $100bn club July 8, 2021 Former chief executive officer of tech giant Microsoft, Steve Ballmer, has become the world’s ninth person to join the coveted $100bn club. Now owning the NBA’s Los Angeles Clippers, Ballmer stepped down from the helm of Microsoft in 2014. The ex-tech giant boss has seen his wealth swell by $20.1bn this year alone, driven by [...]
Pentagon drops Trump’s $10bn deal with Microsoft after Amazon challenge July 7, 2021 The U.S. Defense Department cancelled a $10bn JEDI cloud-computing project late last night, pulling the Trump-era award to Microsoft while announcing a new contract that pits the big software firm against rival Amazon. Watch the full report.
OECD: Ireland snubs global tax deal July 2, 2021 Ireland refused to sign a major agreement to overhaul the global corporation tax regime on Thursday. 130 countries and jurisdictions agreed to the deal brokered by the Organisation for Economic Cooperation and Development, which paves the way for sweeping international changes. The new regime will see a global tax for 100 of the world’s largest [...]
Screenshot: Who will win the summer TV ratings war? July 2, 2021 This week **Media Moment of the Week: Rob Beckett’s Wembley wisdom **Who will win the summer TV ratings war? **Kantar’s boardroom carousel Media Moment of the Week: Rob Beckett’s Wembley wisdom We all had a great time on Tuesday, didn’t we, but arguably no one had a better time than Rob Beckett. Fortunately, the comedian [...]
Swift shift to remote working may have had ‘major security trade-offs’ June 8, 2021 US-based AvePoint, which manages data for Microsoft 365, has said today that although the shift to remote working was swift, it ‘may have come with major security trade-offs’. In a workplace Covid impact survey released today, the software firm revealed how despite UK organisations having a quick pivot to the digital sphere, most companies did [...]
Morgan Stanley pushes further into the cloud via new Microsoft partnership June 2, 2021 Morgan Stanley and Microsoft today announced a cloud partnership to accelerate the bank’s IT improvements and explore the application of the cloud in financial services. The partnership will see cooperation between the Microsoft Azure and Morgan Stanley Technology teams, focussed on solving problems in financial services. This will include developing and co-designing new digital infrastructure [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 19, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex Co-op CEO joins Boomin’s board Property site Boomin has bagged itself a retail veteran this week, who is set to join the board as a non-executive director at its next [...]
Bill Gates left Microsoft board amid investigation into affair May 17, 2021 Microsoft founder Bill Gates had an affair with an employee and stepped down from the company’s board during an investigation into the matter, according to multiple reports. The tech giant today confirmed that it had launched a probe almost two years ago after receiving a complaint about Gates’ behaviour. A spokesperson said the company had [...]
Microsoft buys AI firm Nuance for $19.7bn in healthcare push April 12, 2021 Microsoft today said it will buy AI health firm Nuance Communications in a $19.7bn (£14.3bn) deal as it looks to bolster its healthcare offering. Massachusetts-based Nuance offers artificial intelligence and speech technology services designed to automate clinical administrative work and reduce the burden of paperwork on doctors. Microsoft said its offer of $56 per share [...]
Now UK companies told to update security urgently after Microsoft hack in US hit 30,000 firms March 12, 2021 UK companies told to update security urgently after Microsoft hack in US hit 30,000 firms