Ghosn requests separate trial from Nissan as inquiries heat up April 2, 2019 Former Nissan chairman Carlos Ghosn will not get a fair trial unless he is tried separately from the car manufacturer, his lawyer has said. “No matter how you look at it, having Ghosn sit alongside Nissan at the trial would be peculiar, it would go against his right to a fair trial,” Junichiro Hironaka told [...]
Cryptocurrency Bitcoin hits yearly high as it soars above $5,000 April 2, 2019 Bitcoin soared to its highest level of the year this morning, rising as much as 22 per cent to trade at $5,080 (£3,892). The cryptocurrency has enjoyed a strong period of trading recently, posting its largest quarterly price gain since late 2017. Read more: Bitcoin makes biggest quarterly price gain since the end of 2017 [...]
BBC takes control of UKTV channels as Discovery lines up new streaming service April 1, 2019 The BBC will take control of UKTV channels as part of a deal with Discovery that will also see the launch of a new on-demand video service for BBC nature programmes. BBC Studios – the broadcaster’s commercial arm – jointly owns UKTV with US media giant Discovery. Read more: BBC removes podcasts from rival Google [...]
Lyft shares drop below opening price on second day of trading April 1, 2019 Shares in ride-hailing app Lyft dropped below their opening price today in the first sign of jitters over the company’s hefty $24bn (£18bn) valuation. The tech firm’s share price dropped as much as 11 per cent to $69.40 – below the initial public offering (IPO) price of $72 – before clawing back some ground. Read [...]
Lyft valued at $24bn as it prices shares at $72 ahead of New York float March 28, 2019 Ride-hailing app Lyft has priced its initial public offering (IPO) at $72 per share ahead of its float on the Nasdaq tomorrow, giving it a valuation of more than $24bn (£18.4bn). The pricing is at the top end of the firm’s target range, which Lyft increased earlier this week in a sign of strong investor [...]
It’s make your mind up time for the UK over Huawei security saga March 28, 2019 It’s been a bad week for beleaguered Chinese tech giant Huawei. In an eagerly-anticipated report published today, UK spies concluded they can only provide “limited assurance” that the risks to national security from Huawei’s products have been mitigated. The findings are in line with last year’s report, but the lack of progress has raised eyebrows. One cyber [...]
New York sues Sackler family over transfer of funds from opioid maker Purdue March 28, 2019 The beleaguered billionaire Sackler family is facing fresh scrutiny after an amended lawsuit alleged it transferred funds from opioid manufacturer Purdue Pharma. In the lawsuit New York attorney general Letitia James alleged Purdue, which produces the controversial Oxycontin product, transferred money to members of the Sackler family to protect the funds from ongoing litigation. Read [...]
Time Out looks to markets as audience reach hit by Facebook algorithm change March 28, 2019 Media company Time Out saw its audience numbers slashed by a third last year after a change to Facebook’s algorithm pushed its content further down users’ newsfeeds. The company reported an average global monthly audience reach of 144m, down 33 per cent on the year before, which it said was “primarily the result of a [...]
Saudi Aramco signs $70bn deal to buy majority stake in petrochemicals firm Sabic March 27, 2019 Saudi Aramco has signed an agreement to buy a 70 per cent stake in petrochemicals giant Saudi Basic Industries Corp (Sabic) for $70bn (£53bn), the company said today. The state oil firm has secured the purchase from Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), for an agreed price of 123.40 riyals per [...]
Theresa May vows to resign before further negotiations if her Brexit deal is passed March 27, 2019 Theresa May will quit as Prime Minister before the next stage of Brexit negotiations she told her party tonight in a last bid attempt to get MPs to back her deal. Speaking to Conservative MPs in a packed meeting in parliament, May said she was aware her party wanted “new leadership” for any trade negotiations [...]
