Ada Health lands €40m from Len Blavatnik, Amazon Alexa creator William Tunstall-Pedoe and Google business chief Philip Schindler’s June Fund October 31, 2017 The company behind a healthcare app which can help diagnose symptoms has landed a multi-million pound round of funding from investors, who include a top Google executive, the man who created Amazon's Alexa voice assistant and one of Britain's richest billionaires. London and Berlin based Ada Health has raised €40m (£35.2m) to grow the business [...]
Owner of book shop Waterstones drafts in Rothschild to consider sale and new loans October 29, 2017 Book retailer Waterstones could be put up for sale next year as its owner, the Russian tycoon Alexander Mamut, explores options with bankers from Rothschild. Waterstones, which Mamut bought from HMV in 2011, has weathered the rise of e-readers to return to profits in the past year. It is understood that Mamut brought in NM [...]
Read: UK MPs letter demands info on Russia election and Brexit meddling from Facebook’s Mark Zuckerberg October 24, 2017 MPs have demanded answers from Facebook chief executive Mark Zuckerberg on the extent of Russian-linked adverts on the social media site during UK elections and the Brexit vote and their influence. The chair of the digital, culture, media and sport committee Damian Collins has asked the billionaire tech entrepreneur to provide examples of adverts purchased [...]
Bitcoin just broke past the $6,000 mark after reports China is rolling back on cryptocurrency ban October 20, 2017 Bitcoin has surged past the $6,000 mark. A tweet by Swiss blogger @Russian_Market attributed the increase to the fact that China has published no further ban on the cryptocurrency. Bitcoin is surging after no further ban published in China— Russian Market (@russian_market) October 20, 2017 The news comes a month after China clamped down on [...]
Mondi share price (LON:MNDI) falls after it warns on profits October 11, 2017 Shares in packaging products company Mondi sank this morning after it warned its profits would miss expectations due to cost pressures and negative currency impacts. In a trading update for the half-year to the end of June, Mondi said it expects a strong final quarter supported by higher average selling prices and good growth, but [...]
There was a bitcoin flash crash this morning: Here’s what happened | City A.M. October 10, 2017 Bitcoin prices had a flash crash today following Russia’s decision to ban websites of exchanges that offer cryptocurrencies. According to CoinDesk’s popular price index, which aggregates prices from four exchanges, the digital currency fell more than $600 in just a few minutes. After plummeting to below $4,200, prices have since bounced back up to trade [...]
20 years since Deep Blue: Garry Kasparov on the human-machine relationship October 9, 2017 When Garry Kasparov was defeated in a game of chess by IBM’s Deep Blue in 1997, it represented more than just a PR exercise from an opportunistic computer manufacturer looking to bump its share price. For many, it signified the start of the end of human supremacy: the machines had won. Today, 20 years later, [...]
Swedish design creatives in Malmo and the surrounding Skane region are challenging Stockholm for the crown October 2, 2017 For ancient history buffs, it’s Rome or Stonehenge; for foodies, it’s Le Marais or Tuscany; for design nerds, home is Sweden. There’s something about its laidback charm, its rustic, uncluttered décor that’s universally appealing. But there’s a feeling that its capital, Stockholm, has lost a little of its moxie. Sky-high property prices and an ultra [...]
Facebook has finally bowed to pressure to release Russian-bought election ads September 22, 2017 Facebook has said it will release more than 3,000 ads thought to have been bought by Russian agencies during the US election. The company, which has come under pressure from US politicians to reveal the ads, said after an “extensive legal and policy review”, it had decided to comply with requests. “This has been a [...]
The EU is prepared to bend the rules on Russia – when it’s in Germany’s interests September 21, 2017 The EU is in a fix. It perceives danger on its Eastern frontier from Russia, yet its energy and climate policies make it ultra-dependent upon it for energy supplies. There is no doubt that Germany is the driving force behind the EU. It is the bloc’s industrial powerhouse and exporter, and also provides much of [...]