Huawei insists its technology is ‘as secure as any’ as it hits out at US April 11, 2019 Huawei has insisted the security of its telecoms equipment is as secure as any of its competitors, as it hit back at the US’s calls for a global ban on the firm. “We are probably the most tested vendor in the world,” Huawei’s cybersecurity director Sophie Batas told reporters in Brussels, according to Reuters. Read [...]
Uber investors buckle up for lower IPO price after Lyft shares veer off course April 11, 2019 Uber may be planning to price its shares more modestly than expected in its eagerly-anticipated float as it looks to learn from the torrid trading of its smaller rival Lyft. Analysts have warned the ride-hailing giant may need to lower its expectations for its initial public offering (IPO), after Lyft’s poor performance sparked fears big tech [...]
Panasonic reviews plans for investment in Gigafactory battery plant with Tesla April 11, 2019 Panasonic is reviewing further investments in battery manufacturing at its Tesla Gigafactory site amid fears of declining demand for the high-performance electric cars. The move comes after local media reports stated the two companies had frozen plans to expand capacity at the Gigafactory 1 site in Nevada by a further 50 per cent. Read more: [...]
Netflix teams up with US streaming service Sirius XM to launch new comedy radio station April 11, 2019 Netflix is teaming up with US broadcasting giant Sirius XM to launch a new a new radio channel airing clips from its stand-up comedy shows. Netflix Is A Joke Radio will feature segments from the streaming services’ stand-up library, comedy talk shows and original radio programming, and will be aired through Sirius XM, which offers [...]
UK set to give Murdoch the green light to merge the Times and Sunday Times April 11, 2019 Murdoch-owned newspapers The Times and The Sunday Times will be allowed to merge subject to governance changes, the government has ruled. Culture secretary Jeremy Wright today said he is “minded” to accept proposals put forward by Murdoch’s News UK empire to allow the two newspapers to share resources. Read more: Murdoch braced for verdict over [...]
Pressure on May to resign will ‘increase dramatically’, says David Davis April 11, 2019 Pressure on Prime Minister Theresa May to resign will “increase dramatically” following a Halloween Brexit extension secured last night, David Davis has said. “I think what is likely to happen is the pressure for her to go will go up,” the former Brexit secretary told the BBC’s Today programme. “Whether it will come to anything [...]
The Economist branches out with new Birmingham tech hub April 11, 2019 The Economist is set to launch a new technology innovation unit in Birmingham as it looks to boost in-house support for its digital services. The new hub, which will be the company’s first UK site outside London, will house roughly 45 members of staff focused on development and support for the magazine’s website, mobile apps [...]
Lyft shares hit new lows on reports of record $100bn Uber float April 10, 2019 Shares in ride-hailing app Lyft fell to record lows today following reports the float of arch-rival Uber could be one of the largest in history. Lyft’s shares plunged as much as seven per cent to $62.91, well below its opening price of $72. Read more: Uber IPO 'seeks to sell $10bn of shares' The fall [...]
Kantar hires Microsoft executive as North America boss April 10, 2019 Market research firm Kantar has appointed Microsoft executive Reed Cundiff as its new chief executive for North America. Read more: Kantar boss suffered punctured lung in Kew stabbing attack Cundiff is taking over from Wayne Levings, who will return to the UK to continue in his role as head of global clients. “Reed understands what [...]
Two-thirds of hotel websites leave guests’ personal data exposed to hackers April 10, 2019 Two-thirds of hotel websites inadvertently leak guests’ personal data to third-party companies and leave customers vulnerable to hackers, a new report has revealed. Research by cyber security firm Symantec has found the majority of hotels use booking systems that could allow scammers to access information such as mobile phone numbers and passport details. Read more: [...]
