Johnson gives Tiktok the green light for London headquarters August 4, 2020 Boris Johnson has given the green light to allow video sharing app Titkok to move its global headquarters to London, in a move that will likely spark fury from across the Atlantic. Downing Street today said it had no objection to Tiktok’s shift to the UK, despite growing national security concerns over its close links [...]
Trump demands US Treasury cut of Tiktok sale August 4, 2020 US President Donald Trump has said the US Treasury should be brought in on Microsoft’s potential acquisition of Tiktok’s American arm, arguing the deal wouldn’t happen without its approval. Trump said he told Microsoft the government should receive a “substantial portion” of the deal if an American firm buys the operation. Tiktok’s Chinese owner Bytedance [...]
Bitcoin Tests $12,000 Mark as Decentralized Finance Surpasses $4 Billion August 4, 2020 This week the price of Bitcoin (BTC) went from about $10,200 to a near $12,000 high, but it was met with resistance and crashed to less than $11,000 within 6 minutes. At press time, it’s trading at $11,200 as it steadily recovers. Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week at $355 [...]
Russian hackers ‘stole’ US-UK trade deal papers from Liam Fox’s email August 3, 2020 Classified US-UK trade documents were “stolen” from former trade minister Liam Fox’s email account by Russian hackers, according to reports. The papers, which were leaked ahead of the December General Election last year, were accessed via several hacks on Fox’s account between 12 July and 21 October, according to Reuters. Several sources declined to name [...]
FTSE 100 breaks 6,000 and US stocks rise amid economic optimism August 3, 2020 The FTSE 100 rose sharply, surpassing 6,000 points, as investors looked past rising coronavirus cases and cheered positive economic data. London’s blue-chip index was 2.2 per cent higher in afternoon trading at 6,028 points. The mid-cap FTSE 250 was up 1.2 per cent. Read more: HSBC profit plummets due to coronavirus pandemic On Wall Street, [...]
Chinese AI firm slaps Apple with $1.4bn patent lawsuit August 3, 2020 Chinese artificial intelligence firm Shanghai Zhizhen Network Technology has filed a $1.4bn lawsuit against Apple, claiming the iPhone giant has infringed on a patent for its voice assistant technology. Shanghai Zhizhen, also known as Xiao-i, is calling for 10bn yuan ($1.4bn) in damages and demands that Apple cease “manufacturing, using, promising to sell, selling, and [...]
Trump gives Microsoft 45 days to clinch Tiktok deal as owners eye London move August 3, 2020 Microsoft and US President Donald Trump have worked out an agreement which gives the software giant 45 days to finalise a deal for the US arm of Tiktok. The software giant said in a statement that its chief executive Satya Nadella has been in discussions with the President about a potential Tiktok purchase, and that [...]
The City View: Thames Clippers’ CEO on getting London back to work August 3, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Christian is joined by Sean Collins, co-founder and CEO of London’s riverboat service, Thames Clippers, as the transport provider grapples with life under lockdown. Last year the company carried nearly 5 million passengers, many of them commuters, and today they’re operating at around 25 per cent of that. Despite the [...]
Trump vows action on Chinese companies ‘in coming days’ August 2, 2020 US President Donald Trump will take action against Chinese companies sharing data with the Beijing government “in the coming days”, secretary of state Mike Pompeo said today. “President Trump has said ‘enough’ and we’re going to fix it,” Pompeo said on Fox News this afternoon. “He will take action in the coming days with respect [...]
Microsoft shelves plans to buy US arm of Tiktok August 2, 2020 A potential sale of video platform Tiktok to Microsoft is reportedly on hold after US President Donald Trump vowed to ban the Chinese-owned app over national security concerns. Tiktok owner Bytedance yesterday told the White House it was seeking a sale of its US operations to Microsoft, in a bid to curb restrictions on the [...]