International tensions heighten cyber security risks for business July 23, 2014 Heightened geopolitical tensions are increasing the risk of cyber attacks, an international cyber security expert has warned. As the the downing of MH17 and the ongoing hostilities in Gaza deepen global tensions, Malcolm Marshall, UK and global lead in KPMG’s cyber security practice, says that cyber attacks are rapidly becoming the new battleground of international [...]
McDonald’s profits take a dive as German outlets perform poorly July 22, 2014 McDONALD’S shareholders were left with a sour taste yesterday, as another disappointing earnings report sent shares in the hamburger chain tumbling by more than two per cent in early trading. The fast-food giant said its profit for the second quarter fell one per cent in the three months to June, while same store sales dropped [...]
Apple beats earnings expectations as investors look ahead to iPhone 6 and iWatch releases July 22, 2014 It's what Apple does next that really matters. The company's quarterly earnings figures saw it post a smaller than expected rise in revenue of six per cent as the tech giant continues to grow, albeit slower than anticipated, with subdued sales of iPhones and iPads in the three months to the end of June. In its [...]
Microsoft narrowly misses its profit expectations as it counts the cost of incorporating Nokia July 22, 2014 Microsoft, the world's largest software company, narrowly missed profit expectations in the three months to the end of June, dragged down by the costs from its purchase of Nokia. The company reported $23.4 billion in revenue and earnings of $0.55 per share. Despite beating expectations of $23bn for the quarter from April to June, it [...]
EU could impose new hard-hitting sanctions on Russia by Thursday July 22, 2014 European foreign ministers failed to agree on fresh hard-hitting measures aimed at the Russian economy today, however new sanctions including capital restrictions could be announced by Thursday if Moscow does not cooperate on the MH17 crash investigation. Under growing pressure from the US, which says plane was brought down by a surface-to-air missile fired by pro-Russian [...]
McDonald’s share price takes a hit as fast food giant’s profit slips July 22, 2014 McDonald's shareholders were left with a sour taste today, as another disappointing earnings report sent shares in the hamburger chain tumbling by more than two per cent in early trading. The fast-food giant said its profit for the second quarter fell one per cent in the three months to June, while same store sales dropped [...]
Ukraine rebels hand over black boxes from MH17 flight to Malaysian officials July 21, 2014 Pro-Russian militants have handed over the two black boxes from the downed MH17 aircraft to Malaysian officials. After an agreement with Malaysian Prime Minister Najib Razak on Monday evening, separatist leader Aleksander Borodai signed them over to the Malaysian experts at a meeting in the eastern Ukranian city of Donetsk. A number of reporters were [...]
Netflix eclipses 50m subscribers as international audiences soar July 21, 2014 Netflix's international expansion appears to be paying off – certainly in terms of subscriber growth. The video streaming company has just posted an impressive earnings report for the second quarter, with profits more than doubling in the three months to June. The company's net income rose to $71m, or $1.15 per share, from $29.5m, or $0.49 per [...]
Twitter upgrades its direct messaging service, but is it preparing for a battle against WhatsApp? July 21, 2014 Twitter looks like it is preparing a serious bid to take on Facebook-owned WhatsApp in the battle of the messaging apps. The social network is improving the features that its direct messaging tool offers, the company said in a tweet today, a sign that it was attempting to enhance its status as a chat application. [...]