Tencent revenue rises as Covid-19 lockdown drives mobile gaming boom May 13, 2020 Tencent today posted a rise in revenue and profit for the first quarter as global coronavirus lockdowns boosted demand for its blockbuster mobile games. The Chinese tech conglomerate posted revenue of 108bn yuan (£12.4bn) in the first three months of the year — up 26 per cent year on year. Profit attributable to equity holders [...]
Covid-19: why the tech giants have emerged as winners May 12, 2020 While many businesses struggle to survive under the global lockdown, the largest technology companies remain afloat and in some cases are even thriving. Microsoft has reported a surge in usage of its cloud computing service Azure, as millions of people work from home. Amazon is hiring an additional 75,000 workers, on top of the 100,000 [...]
The Long Read: Sir Martin Sorrell on advertising, coronavirus and the new media landscape May 7, 2020 Sir Martin Sorrell has bestrode the ad world for decades – and in the midst of a global pandemic that has hit the industry hard, he’s understandably got some thinking to do. Christopher Jackson spoke to the ad mogul, and his interview for finitoworld – the organisation’s online magazine – is republished here. Prior to [...]
Oil prices jump amid signs of rising demand May 7, 2020 Oil prices jumped today as a combination of an unexpected rise in Chinese exports and cuts by US producers helped extend a week of gains. By the mid-afternoon, worldwide standard Brent crude rose a further 5.7 per cent to cement its position above $31. US benchmark West Texas Intermediate (WTI) leapt 8.9 per cent to [...]
FTSE 100 and US stocks rise despite more dire economic warnings May 7, 2020 US stocks have joined the FTSE 100 in positive territory as investors bet on a relatively speedy economic recovery from coronavirus despite yet more dire economic predictions. London’s blue-chip FTSE 100 index was up 1.4 per cent at 5,933 points in afternoon trading. This was despite the Bank of England warning of the worst slump [...]
An Interview with Massimo Buonomo May 7, 2020 Massimo Buonomo is a former United Nations (UN) Alliance of Civilization Global Expert in Blockchain, Fintech and Regtech. Massimo is currently exploring how blockchain solutions can be used to address the challenges addressed by Covid-19. BEQUANT Talks has undertaken an exclusive interview with Massimo to explore his views on the state of the market and [...]
Markets live: FTSE 100 rises as countries lift coronavirus lockdowns May 6, 2020 The FTSE 100 and European stocks have risen, boosted by gains in healthcare even as dire economic data lays bare the effects of coronavirus. Britain’s FTSE 100 index was trading 0.65 per cent higher before falling slightly to trade up 0.17 per cent at 5,859 points. It climbed around 1.8 per cent yesterday. The mid-cap [...]
FTSE 100 and US stocks rise as countries ease coronavirus lockdowns May 5, 2020 US stocks have followed the FTSE 100 higher on the back of an oil price rally and hopes that economies could start to heal as countries and states lift coronavirus restrictions. Britain’s FTSE 100 index was 1.8 per cent higher in afternoon trading at 5,856 points. It had fallen 0.2 per cent yesterday. The mid-cap [...]
Europe’s Crypto funding gap May 5, 2020 The European blockchain ecosystem is increasingly critically undercapitalised if it is to maintain the hard fought global leadership role established over the last decade. Despite London, Switzerland and Berlin when combined being home to roughly a third of the worlds blockchain startups, it has just 22% of the investment compared with the US and China [...]
Oil prices rise on storage hopes as Asian stocks recover May 5, 2020 Oil prices extended their gains this morning on hopes fuel demand would begin to pick up as an easing of coronavirus lockdown measures also pushed up Asian stocks. Brent crude rose 4.3 per cent to $28.37 a barrel, while US crude was up 1.38 per cent to $21.77 a barrel as crude supply cuts took [...]