CMA finds Apple and Google have a ‘vice-like grip’ on phones December 14, 2021 The UK’s competition watchdog has warned Apple and Google have a “vice-like grip” on how consumers use mobile phones, stripping them from any meaningful choice and hampering competition in the sector. A preliminary investigation published by the Competition and Markets Authority (CMA) today concludes that the two tech giants have dominated the market and have [...]
Apple fails to enter the $3 trillion club as shares slide December 13, 2021 Apple has failed to reach the $3 trillion (£2.27 trillion) club this evening on Wall Street, after some analysts predicted that the tech company was on the verge of becoming the first publicly traded company to reach that figure.
CMA launches probe into Microsoft $16bn Nuance deal on antitrust concerns December 13, 2021 Britain’s competition watchdog has launched an investigation into Microsoft Corp’s $16bn acquisition of artificial intelligence and speech technology firm Nuance Communications on antitrust concerns. The Competition and Markets Authority (CMA) this morning said it was launching the probe to establish whether the deal would “result in a substantial lessening of competition within any market or [...]
Labour’s Rachel Reeves would support cut to UK basic rate of Income Tax December 9, 2021 Rachel Reeves has said she would support a 2p cut to the basic rate of UK Income Tax amid reports that Rishi Sunak is considering the measure. The shadow chancellor told City A.M. in a wide-ranging interview that she “would like to see the chancellor do it”, but described reports of Sunak’s potential tax cuts [...]
Apple to become the world’s first $3tn company following reports of China secret deal December 7, 2021 Apple could become the world’s first company to reach $3tn, following reports of a $275bn deal struck with China. At today’s market opening, the company’s shares went up to $169.06, peaking at $171.05 – a 3.5 per cent increase compared with yesterday’s closing price of $165.29. Apple’s valuation consequently increased to $2.80tn, putting it in [...]
Archbishop of Canterbury calls on government to stop “travel apartheid” December 7, 2021 The Archbishop of Canterbury Justin Welby has called on the UK Government to scrap the travel red list and put an end to “travel apartheid.” “With Omicron set to become the dominant variant in the UK, I appeal to the British Government to remove Nigeria and South Africa from the red list – together with [...]
Grassroots ESG: Retail activist investment platform Tulipshare raises $11m December 7, 2021 Tulipshare is targeting the next generation of shareholders by tapping into their booming interest in retail investment and demand for a corporate ESG overhaul. After launching in July, the London-based startup has raised $10.8m in seed funding from investors including Eurazeo, Speedinvest and Frst, and received backing from the co-founders of friend locator app Zenly [...]
Nvidia’s $54bn Arm deal faces yet another setback as EU regulators press pause on probe December 6, 2021 EU competition watchdogs have temporarily hit pause on their investigation into Nvidia’s planned takeover of British chip designer Arm, introducing another obstacle in the way of the $54bn deal. The European Commission halted its probe into the takeover on its previous deadline on November 25, as it awaits more information, Reuters first reported from a [...]
Tech giants Alphabet, Meta and Amazon control half of ads outside China December 6, 2021 New data has revealed just how heavily Alphabet's Google, Meta and Amazon dominate advertising.
Novel coronavirus: Meet the writers who penned a book during lockdown December 3, 2021 They say everyone has a book in them, but usually that’s where it stays. Writing a novel is a time-consuming business, a months- or years-long project, often undertaken with little guarantee anyone will ever read it. Every successful author has their ‘origin story’, from JK Rowling scribbling away in an Edinburgh cafe to Dostoyevsky bashing out The [...]