Apple whacked with another £4.2m antitrust fine by Dutch watchdog February 14, 2022 Apple faces another setback today after the Dutch antitrust watchdog fined it €5m (£4.2m) for failing to allow software app makers to use non-Apple payment methods for dating apps on the App store. The tech giant failed to meet the deadline set by the Authority of Consumers and Market (ACM), and represents the fourth time [...]
The vinyl comeback: How 12on12 are bridging the gap between music and art February 14, 2022 City A.M. chats with 12on12 founder Claudia Moross about the re-emergence of vinyl and its new collaboration with Grammy-award winning producer Swizz.
In the mood for love: Valentines’ wines February 11, 2022 Wine and romance have been active bedfellows since ancient times. The Greek and Roman Gods of Wine, Dionysus and Bacchus respectively, also presided over poetry, fertility, parties and other “Bacchanalian” delights. In possibly the first ever version of the ‘get out of jail free’ card, those who got a tad too hedonistic were said to [...]
Letters: not so green with envy February 11, 2022 [Re: Hardly any Brits plan to stick to climate goals, Jan 17] A report conducted this week by NewClimate Institute and Carbon Market Watch revealed that climate pledges made by 25 of the world’s largest companies are, in fact, misleading. Companies analysed in the report include giants like Google, Amazon, IKEA, Apple and Nestle. Only [...]
Twitter dodges Wall Street tech tumble despite missing analyst expectations February 10, 2022 Twitter appears to have avoided the wrath of Wall Street despite reporting a weaker-than-expected quarterly ad revenue and user growth this afternoon. The social media giant said it had made “meaningful progress” toward its goal of reaching 315 million users and $7.5bn (£5.5bn) in annual revenue by the end of 2023. Although ad revenue for [...]
Explainer-in-brief: Peloton to ride high again February 10, 2022 They were the darling of the pandemic, and then they flopped. The American exercise bike company Peloton was a 15-minute story of fame for the ages. Its fortunes soared as the likes of Rishi Sunak and Miley Cyrus bragged about their secret spinning habit, but after gyms reopened, they floundered. Even more so after they [...]
Hunting for “10 baggers” – how the UK beat the US February 9, 2022 The ups and downs of US technology stocks dominate headlines. Before this year’s tech correction it would have been hard to miss the news, for instance, that Apple’s market capitalisation had exceeded $3 trillion. That was not too far short of the entire value of the UK stock market. What is less well known, however, [...]
Apple rolls out ‘tap to pay’ feature to turn iPhones into payment terminals February 8, 2022 Apple will roll out a new feature that allows businesses to accept credit cards and digital payments via iPhone.
2001 named best year for top hit albums February 8, 2022 New research has revealed that 2001 produced the highest number of albums appearing in the top 250, including hits like The Strokes’ ‘Is This It’, Jay-Z’s ‘The Blueprint’ and Bjork’s ‘Vespertine’. The study by Convertr.org analysed the top 250 albums on AlbumOfTheYear.org and found that the albums released that year averaged out a score of 87.9 out [...]
Regulators are playing catch up with digital finance, EU watchdogs warn February 7, 2022 European Union banking watchdogs have warned today that regulation is playing catch up with digital finance as social media platforms and ‘Big tech’ firms increasingly move into the space.