Premier League plots launch of Netflix-style streaming service February 9, 2020 The Premier League is plotting the launch of a Netflix-style streaming platform in a bid to boost revenue from TV rights in overseas markets. Richard Masters, the Premier League’s new chief executive, has confirmed that plans to set up a direct to consumer offering are already underway. The service, which would allow viewers in some [...]
Nokia investors must wait longer for dividend despite profit rise February 6, 2020 Nokia posted a surprise profit rise for the end of 2019 today, as cost-cutting helped it navigate a “challenging” year in which it slashed its outlook and cancelled its dividend. The figures Net sales were flat at €6.9bn in the three months to the end of December. But Nokia managed to eke out a rise [...]
Vodafone will spend €200m to rip Huawei from core networks February 5, 2020 Vodafone said the government’s decision to leave Huawei out of the core of the UK’s 5G network would cost the operator €200m (£169m) as it revealed third quarter results today. The mobile operator welcomed Boris Johnson’s “facts-based” decision to keep Huawei at arm’s length and vowed to remove it from its own core. Chief executive [...]
Britain will regret Huawei decision, warns exiled artist Ai Weiwei February 4, 2020 The UK will regret its decision to allow Chinese tech firm Huawei to build parts of the country’s 5G networks, Ai Weiwei has warned. The artist and activist, who has been exiled from his homeland since 2015, branded the move “short-sighted profit seeking”, adding that the British would “feel sorry later”. Boris Johnson’s government last [...]
City Moves for 4 February – Who’s switching jobs at Saatchi & Saatchi, Barkby and Superunion? February 4, 2020 Today’s City Moves includes Saatchi & Saatchi, Barkby and Superunion Saatchi & Saatchi Saatchi & Saatchi London has announced the appointment of Andrew Kay as managing partner on its prominent BT account. Andrew takes on the new role after three years as managing director at BETC. He began his career with account management roles at [...]
Angela Merkel fails to unite government over Huawei plan February 3, 2020 German Chancellor Angela Merkel is failing in her bid to unite the coalition government over a verdict on whether to allow Huawei to build the country’s 5G networks. Merkel has attempted to rule out a total ban on Huawei, but has been forced to strike a compromise with hardline ministers in her Christian Democratic Union [...]
Oil prices fall again as coronavirus continues to weigh on demand January 30, 2020 Oil prices fell again today after a brief respite on Wednesday as the worsening coronavirus outbreak continued to take its toll on economies. Brent crude fell two per cent to $57.68, whilst West Texas Intermediate showed a similar decline to $52.32. The renewed fall came after a Brent crude rallied by 0.5 per cent yesterday, [...]
Government’s Huawei 5G cap will cost BT £500m January 30, 2020 BT today warned the government’s decision to cap Huawei’s involvement in the UK’s 5G network will cost the telecoms giant £500m over the next five years. BT welcomed the “clarity” provided by Prime Minister Boris Johnson’s decision to enforce a 35 per cent cap on Huawei’s 5G involvement. But CEO Philip Jansen today warned of [...]
UK businesses breathe sigh of relief as Huawei gets the green light January 28, 2020 UK businesses today welcomed the decision to allow Huawei a limited role in the country’s 5G networks, hailing a “sensible compromise” to the fraught row over national security. In a long-awaited ruling, the government said the Chinese tech firm, which has been classed a “high-risk vendor”, will be allowed to build non-core parts of the [...]
BT executive appointed by government to scrutinise tech regulation January 26, 2020 A senior BT executive will run a new body that looks at regulation in technology and artificial intelligence (AI). Cathryn Ross, the group’s director of regulatory affairs, will chair the government’s new Regulatory Horizons Council, first reported by Sky News. The body, which is still being set up, will scrutinise whether tech regulation is keeping [...]