Playhouse, a shrine to video games, launches at Selfridges as industry sales surge August 31, 2021 Video games have been big business for decades, with the top titles vastly out-grossing the most popular cinema releases. Were there any remaining doubts over whether the medium now represents one of the cultural megaliths of our time, lockdown answered those. Almost two third of UK adults played video games over 2020, with every age [...]
Sliding tech stocks weigh on Wall Street August 31, 2021 US stocks slipped today as poor performances among technology heavyweights weighed heavily on Wall Street’s main benchmarks. The tech-heavy Nasdaq slipped 0.10 per cent to 15,250.36 points, led down by losses among Apple, Microsoft and Amazon. The blue-chip S&P 500 and the Dow Jones both inched up, rising 0.02 per cent and 0.08 per cent [...]
Apple snaps up classical music streaming service Primephonic August 31, 2021 Apple is challenging the likes of Classic FM and BBC Radio 3 with the launch of a new classical music streaming app. Apple will be incorporating Primephonic, a classical music streaming app from based in the Netherlands, into its Apple Music service. Oliver Schusser, vice president of Apple Music and Beats said: “we love and [...]
Apple snaps up classical music streaming service Primephonic – CityAM : CityAM August 31, 2021 Apple is challenging the likes of Classic FM and BBC Radio 3 with the launch of a new classical music streaming app. Apple will be incorporating Primephonic, a classical music streaming app from based in the Netherlands, into its Apple Music service. Oliver Schusser, vice president of Apple Music and Beats said: “we love and [...]
Dame Helena Morrissey on how the business rulebook is being rewritten August 31, 2021 Baroness Helena Morrissey tells Laurence Eastham how economic uncertainty, flexible working and the growth of soft skills are combining to rewrite the business rulebook. This article first appeared in ICAS’ CA magazine. Baroness Morrissey has an enviable track record when it comes to predicting the future. As CEO of Newton Investment Management, her keen eye [...]
Apple CEO Tim Cook receives $750m payout August 27, 2021 Apple chief executive Tim Cook has sold shares in the technology company for more than $750m (£550m). The CEO sold most of his five million shares in the firm, according to a company filing with the US Securities and Exchange Commission (SEC) watchdog. The payout was part of a deal he agreed to when he [...]
Big Tech vows to ramp up cybersecurity after White House summit August 26, 2021 Major US tech firms have pledged to ramp up their cybersecurity defences following a White House summit yesterday. Google, Microsoft, Amazon and IBM were among the companies to make multi-billion-dollar commitments as President Joe Biden called on top chief executives to “raise the bar on cybersecurity”. During a meeting alongside his members of his Cabinet, [...]
GTO Engineering 250 GT SWB Revival review: tribute to a classic Ferrari : CityAM August 25, 2021 I used to pass a Ferrari 250 GT SWB on the way to work. Or so it seemed. The car looked kosher from a distance, but closer inspection revealed thumb-sized panel gaps, a plasticky interior and a telling lack of tailpipes (one instead of the usual four). In hindsight, the fact that it was street-parked [...]
South Korea set to crack down on Apple and Google over app charges August 24, 2021 South Korea is poised to block Apple and Google from charging commission on in-app purchases in what could be the first such move by regulators around the world. The parliament’s legislation and judiciary committee is today expected to approve legal changes that will ban app store operators with dominant market positions from forcing certain payment [...]
ESG investing now mainstream, but who’s holding ‘greenwashed’ portfolios to account? August 24, 2021 Environmental, social and governance (ESG) concerns are rising up the agenda of investors, who are increasingly more attentive to the impact of their investments. Beyond financial performance, investors are looking at their portfolios in relation to ESG factors, but how can they assess the ESG credentials of companies and funds when the data is scattered [...]