Snap beats estimates after short-lived coronavirus bounce July 21, 2020 Snap has surpassed analyst revenue estimates for its second quarter, as advertisers cashed in on an initial boom in user numbers during the pandemic. The Snapchat parent said its daily active users (DAUs), which advertisers watch to measure its growth, rose 17 per cent to 238m in the three months to the end of June. [...]
Musk qualifies for $2.1bn payday after Tesla rally July 21, 2020 A prolonged bounce in Tesla’s share price means its chief executive Elon Musk has qualified for a $2.1bn payout, in his second award since May. The electric carmaker’s six-month average market capitalisation officially surpassed $150bn today, triggering the vesting of the second of 12 tranches of options granted to Musk in 2018. Musk, who is [...]
Tapestry chief executive quits after less than a year July 21, 2020 The chief executive of Tapestry, the parent company of luxury brands Coach and Kate Spade, has stepped down after less than a year in the job. Jide Zeitlin, who was also chairman, has today resigned from the New York-based firm, citing “personal reasons”. The Wall Street Journal, citing people familiar with the matter, said Tapestry’s [...]
US accuses Chinese nationals of hacking spree for Covid-19 trade secrets July 21, 2020 US prosecutors today said the Justice Department had indicted two Chinese nationals for hacking defence contractors, coronavirus researchers and hundreds of others globally. US authorities said Chinese nationals Li Xiaoyu and Dong Jiazhi were part of “one of the most prolific groups of hackers” the FBI has ever investigated. Officials alleged the pair participated in [...]
Coronavirus: Cobra and Sage committees sidelined, says Matt Hancock July 21, 2020 The government’s crisis committees Cobra and Sage are no longer leading the UK’s coronavirus response, according to health secretary Matt Hancock. Hancock told a parliamentary committee today that new coronavirus committees have been set up across government, with the new Joint Biosecurity Centre taking charge on major decisions. Sage (the Scientific Advisory Group for Emergencies) [...]
Facebook flags Trump post on mail-in voting July 21, 2020 Facebook today placed a so-called voting info disclaimer on US President Donald Trump’s post on mail-in voting, following criticism of the social network’s relaxed approach to regulating the President’s content. “Mail-In Voting, unless changed by the courts, will lead to the most CORRUPT ELECTION in our Nation’s History! #RIGGEDELECTION,” Trump wrote in the post. Nearly [...]
Rishi Sunak launches spending review and warns of ‘tough choices’ July 21, 2020 Chancellor Rishi Sunak has warned that “tough choices” will have to be made over government spending from 2021 onwards as he launched a comprehensive review of public sector budgets. The spending review comes as Sunak revises the overall spending plans made in the March Budget to reflect the huge impact coronavirus has had on the [...]
Mike Pompeo calls for global coalition to ‘push back’ against China July 21, 2020 US secretary of state Mike Pompeo has called for “every nation” to form a coalition to “push back” against China at a press conference today in London. Pompeo took aim at Chinese leader Xi Jinping, saying that his government’s “exploitation of [the coronavirus] disaster to further its own interests has been disgraceful”, while also calling [...]
Ryanair set to close German bases after pilots reject pay deal July 21, 2020 Budget carrier Ryanair will close its base at Frankfurt Hahn airport from 1 November, it was revealed this afternoon, after failing to agree pay cuts with its German pilots. Two further bases at Berlin Tegel and Dusseldorf airports are likely to also close at the end of the year, the Irish airline said in a [...]
Apple to be carbon neutral for its entire business by 2030 July 21, 2020 Apple has said it will remove all carbon emissions across its supply chain and products by 2030, having already become carbon neutral in its corporate operations. The tech giant said its thousands of suppliers will be required to be carbon neutral within the next decade. It aims to achieve 75 per cent of this goal [...]
