Goldman Sachs’ new fintech unit racked up staggering £2.5bn loss since 2020 January 13, 2023 Goldman Sachs’s new fintech unit, Platform Solutions, lost $3bn (£2.5bn) since 2020 according to earnings reports republished by the bank on Friday. Platform Solutions – a new unit housing fintech and many of Goldman’s consumer banking products such as the Apple Card and Greensky – was announced as part of restructuring plans in October. To [...]
Sport on the TV: Football and rugby, plus Netflix and Apple documentaries January 13, 2023 This weekend sees the return of Premier League football and European rugby, as well as a number of exciting sporting documentaries to feast upon. Here’s the five things to add into your sports schedule this weekend. Football: Tottenham v Arsenal, Sunday After a week of FA Cup and League Cup action the Premier League returns [...]
Apple promises more transparency on removal of apps from App Store January 12, 2023 Apple and its investors have agreed to provide clarity on why apps are removed from its App Store, following criticisms about its lack of transparency. This means that the company has committed to providing a clear explanation of the number, categories, relevant authorities and applicable laws or policies when it comes app removals from the [...]
Porsche in talks to integrate Google software in cars despite data sharing concerns January 12, 2023 Porsche is reportedly in talks to integrate Google into its car cockpits, in a sign the luxury carmaker has overcome its doubts about data sharing. Sources told Reuters the deal would enable Porsche customers to use the Google Automotive Services (GAS) package. This will mean motorists will no longer have to connect their smartphones to [...]
Let’s be honest, making our own microchips won’t solve our China woes January 12, 2023 The UK has promised a microchips strategy, but it doesn't need one. We think we must produce chips to face off China, but in reality we will be better off importing them, writes Matthew Lesh
Meta pumped cash into a futuristic vision, but they didn’t prepare for a recession January 12, 2023 The challenge Meta faces is different from that of other companies like Google and Microsoft, because Mark Zuckerberg did nothing to future-proof his company in the event of a recession, writes Howard Yu Meta suffered another blow last week, as the European Union ruled their ad practices in Ireland illegal. The decision resulted in a [...]
Apple and Samsung smartphone screen supplier expands Vietnamese production capacity January 11, 2023 Chinese technology group BOE, which supplies both Apple and Samsung, is preparing to build two new factories in Vietnam. The smart display company plans to invest up to £330m ($400m) in its expansion, according to Reuters. It wants to rent up to 100 hectares of land in the northern region, 80 per cent of which will [...]
Why Manchester United sale could fetch the Glazer family even more than their £6bn asking price – despite Cristiano Ronaldo exit January 11, 2023 The Glazer family’s hopes of achieving a record valuation for the sale of Manchester United have increased after the football club’s share price reached a four-year high. Some analysts believe it could push the price of a takeover towards $10bn (£8.2bn), in excess of the American owners’ original $7bn (£5.8bn) asking price. United’s share price [...]
Tangle Teezer launches innovation panel to fuel haircare brand’s future growth January 10, 2023 British haircare brand Tangle Teezer has launched an innovation advisory board panel which will bring together global business leaders and experts from across the retail, haircare, technology, ESG, and scientific communities. Last September the breakthrough British company announced record results of £43.5m for the full year 2021, a year-on-year hike of 46 per cent, the [...]
Exclusive sitdown: Inflation is forcing advertisers to make some tough choices, warns Ebiquity’s boss January 10, 2023 As inflation hit the highest levels in decades in the UK last year, and across large parts of the world, and the cost of living crisis is eating up the household budgets of millions of Brits, many industries are increasingly suffering. That won’t be any different in 2023 and the advertising space is no exception. [...]