Crypto A.M. shines its Spotlight on NGRAVE April 14, 2020 NGRAVE is a blockchain security provider offering a secure and user friendly end-to-end solution for the self-sovereign management of individuals and businesses digital assets and cryptocurrencies. The blockchain space is about to see some solid innovation with the advent of NGRAVE, a blockchain technology company on a mission to make owning and managing digital assets [...]
Tesla to furlough workers and cut salaries due to coronavirus April 8, 2020 Tesla will furlough all non-essential employees and roll out salary cuts after it was forced to shut its factories in the US due to the coronavirus outbreak. Employees who cannot work from home and have not been assigned to critical work will be furloughed, according to an internal email seen by Reuters. Workers who are [...]
FTSE 100 falls as oil prices slip and coronavirus spreads April 3, 2020 The FTSE 100 has fallen at the bell after oil prices slipped and the number of global coronavirus cases topped 1m. Britain’s oil-heavy FTSE 100 index was 1.3 per cent lower just after the open at 5,411 points. The benchmark had risen roughly 0.8 per cent the day before. European markets were also lower. The [...]
Oneweb files for bankruptcy after Softbank funding talks fall through March 29, 2020 Space broadband firm Oneweb has filed for bankruptcy and laid off most of its staff after failing to drum up additional funding from investors including largest shareholder Softbank. The London-based startup, which was building a network of satellites to provide global broadband coverage, on Friday said it had filed for Chapter 11 bankruptcy protection in [...]
Apple donates 10m face masks to healthcare workers for coronavirus relief effort March 26, 2020 Apple will donate 10m face masks to US healthcare workers as part of worldwide efforts to halt the spread of coronavirus. Chief executive Tim Cook said the tech giant would also provide “millions more” masks for the hardest hit regions in Europe. “Apple has sourced, procured and donated 10m masks to the medical community in [...]
Oneweb launches 34 satellites as it beefs up space broadband network March 22, 2020 Oneweb has launched a further 34 satellites as the London-based startup steps up its efforts to create a space broadband network. The satellites were launched on a Soyuz rocket from the Baikonur Cosmodrome in Kazakhstan yesterday. It marks Oneweb’s second launch in six weeks and its third overall, taking the total number of satellites in [...]
Boom or bust: The risk of a repeat of the dot-com bubble March 19, 2020 On 10 March 2000, the US Nasdaq stock market peaked at 5,048.62. By October 2002, the index had lost 78 per cent of its value, or about $5 trillion. The Nasdaq had swelled due to the proliferation of internet-related companies aiming to make money from this nascent technology. In fact, between 1995 and 2000, the [...]
Coronavirus:Volkswagen to cease production at European plants March 17, 2020 Car giant VW will stop its European factory production. This move, due to the impact of coronavirus, comes despite the company posting strong results for 2019. Shares in the firm are up slightly, hovering at €97.65. VW boss Herbert Diess, said: “the coronavirus pandemic presents us with unknown operational and financial challenges. He added 2020 [...]
Spitting Image to return after 24 years following Britbox commission March 4, 2020 Spitting Image will return to UK screens 24 years after it was taken off air, as streaming service Britbox named the hit puppet show as its first original commission. The Bafta award-winning TV show, which first appeared in 1984, has earmarked a string of contemporary targets for its satire, including the Duke and Duchess of [...]
Decision won’t be made on future of Ellesmere Port car plant until state of EU trading relationship becomes clear March 3, 2020 A final decision on the future of Ellesmere Port’s car plant will likely not be made until the end of the year. The car industry has been one of many saying it could be adversely affected if a trade deal is not struck. PSA, which is currently merging with Italy’s Fiat Chrysler, makes its Vauxhall [...]