Amazon to create 3,500 new jobs as it plots return to office August 18, 2020 Amazon today unveiled plans to create 3,500 new jobs as it gears up to return to office life with an expanded physical presence across the US. The new corporate jobs will be based in the ecommerce giant’s tech hubs in Dallas, Detroit, Denver, New York, Phoenix and San Diego. Amazon said it plans to invest [...]
Oracle ‘in talks’ over Tiktok takeover as US ban looms August 18, 2020 Oracle is said to be mulling a bid for Tiktok as it looks to rival Microsoft in the race to take over the wildly popular social media platform. The US tech giant, which is led by billionaire Larry Ellison, has held preliminary talks with Tiktok’s Chinese parent company Bytedance over an offer for Tiktok’s operations [...]
Huawei: US ramps up sanctions as China tensions grow August 18, 2020 The US last night announced a fresh wave of sanctions on Huawei as it ramped up its efforts to prevent the Chinese tech giant from accessing American technology. The White House has already banned Huawei from buying American products and blocked vendors from using US technology to manufacture components for the controversial telecoms firm. The [...]
Supermarket visits fall on coronavirus face mask rules August 18, 2020 British shoppers paid fewer visits to supermarkets in the wake of new rules making face masks mandatory, new data has revealed. The number of visits to UK supermarkets was 2m lower than expected in the week after the rule was adopted, according to Kantar. Charlotte Scott, Kantar’s consumer insight director, said the decline showed people [...]
Wall Street nears record highs on retail optimism as mining stocks lift FTSE 100 August 17, 2020 Wall Street edged towards record highs this afternoon on optimism about better-than-expected retail earnings as the FTSE 100 pushed higher during a subdued start to the week’s trading. The Nasdaq rose 0.68 per cent while the S&P 500 resumed its ascent towards record highs with gains of 0.29 per cent. However, the Dow Jones slipped [...]
Finablr founder BR Shetty resigns amid HMRC probe August 17, 2020 The founder of Finablr has resigned as co-chair of the scandal-hit payments firm as UK tax authorities move to shut down parts of the business. Indian mogul BR Shetty has stepped down from the board with immediate effect, the company announced today. The London-listed firm has been on the rocks since the discovery of more [...]
James Bond penthouse in former MI6 headquarters on sale for £5.5m August 17, 2020 A penthouse apartment in the former MI6 headquarters that was once home to the real-life inspiration for James Bond’s boss M has gone on the market for £5.5m. The bombproof flat, located in Whitehall Court in the heart of Westminster, is part of the original London base of the Secret Intelligence Service. It also served [...]
Huawei pushes for document release in trial of finance chief August 17, 2020 Huawei will today call for the release of more confidential documents relating to the arrest of the company’s finance director as her extradition battle ploughs on. Meng Wanzhou was arrested in Vancouver in 2018 after US authorities accused her of bank fraud and breaching sanctions against Iran. Meng, whose father Reng Zhengfei founded Huawei, is [...]
Coronavirus: Cineworld in legal battle over unpaid lockdown rent August 17, 2020 Cineworld is said to be facing a legal challenge from one of its landlords after the cinema chain failed to pay rent during the coronavirus lockdown. The London-listed cinema group is understood to be withholding rent from property giant AEW after it was hit by closures due to the Covid-19 crisis. AEW has now filed [...]
Coronavirus: New Zealand delays election as South Korea battles fresh outbreak August 17, 2020 New Zealand has delayed its general election by a month and South Korea has warned of a looming crisis as both countries battled a fresh spike in coronavirus infections. Prime Minister Jacinda Ardern today announced that the vote would be pushed back from 19 September to 17 October due to Covid-19 concerns. Ardern had come [...]
