Using blockchain for personal monetisation March 23, 2021 Fundraising has been around for as long as people have been launching new ventures and the ability to raise funds is one of the most vital leadership traits in any successful start-up CEO. Even the most incredible concepts can quickly fall flat if they do not get support from investors. This dichotomy has led technologists [...]
Wall Street rallies on tech rebound as FTSE closes in the green March 22, 2021 Wall Street closed in the green on Monday as technology stocks rebounded from a recent selloff sparked by surging bond yields. The tech-heavy Nasdaq index closed up 1.2 per cent, while the S&P 500 and Dow Jones inched up 0.7 per cent and 0.2 per cent respectively. A sharp run-up in Treasury yields since mid-February [...]
Bitcoin’s $1 trillion market cap ‘too important to ignore’ as retail investments grow March 22, 2021 CryptoCompare data shows the price of Bitcoin (BTC) dropped from a $61,800 all-time high to a $54,000 low this week before recovering and retesting the $60,000 mark on numerous occasions.
All bets car off: Lamborghini enjoys most profitable year ever despite Covid-19 March 19, 2021 Lamborghini enjoyed its most profitable year ever in 2020, despite coronavirus restrictions and a two-month shutdown of its Italian factory during the pandemic. The luxury car retailer delivered 7,430 vehicles in 2020, generating a record turnover of €1.61bn. Although sales were slightly lower than in 2019, Lamborghini sold more expensive, customised supercars, sending profits soaring. The [...]
Chinese military bans Tesla cars from housing complexes over security concerns March 19, 2021 The Chinese military has banned Tesla cars from entering its housing complexes because of security concerns over the cameras installed on the vehicles. The order issued by the military advises Tesla owners to park their cars outside military property, two people who saw notices of the directive said. Residents of military housing were notified of the ban this week, [...]
The artificial intelligence influencers that you should be following March 18, 2021 Artificial intelligence (AI) is the ultimate manifestation of the promise of technology to improve our lives. Within our lifetimes AI will become omnipresent across every segment of economic activity and within every field of human endeavour. But AI is not a single genus but a constellation of technologies that must work together in harmony. By [...]
Volkswagen sets 1m electric vehicle target as it outlines cost-cutting plan March 16, 2021 Volkswagen today said it aims to sell 1m electric or hybrid vehicles this year as the German car giant outlined plans to return to profitability through a cost-cutting plan. Sales of electric vehicles grew sharply last year, but the company is now targeting a rapid expansion that would see its deliveries more than double in [...]
Bitcoin sets new all-time-high as corporate adoption grows March 15, 2021 CryptoCompare data shows the price of Bitcoin (BTC) started the week at about $50,000 and moved steadily up throughout it until it hit a new all-time high of $61,820.
Leonardo electronics division files for $700m US IPO March 15, 2021 Aerospace engineering firm Leonardo’s electronics division has today filed for an initial public offering worth $700m (£503m) in the US. According to regulatory filings, investors can get their hands on 22 per cent of the subsidiary, at a price of $20 to $22 per share. Italian firm Leonardo, which is 30 per cent state owned, [...]
Name-dropping: Elon Musk changes job title to Technoking of Tesla March 15, 2021 Eccentric billionaire Elon Musk has a history of riling shareholders with his unusual behaviour, and his latest stunt could put another black mark by his name. In a stock market filing today, the troublesome tycoon announced he has changed his job title to Technoking of Tesla, in addition to his current role of chief executive. [...]