City A.M. TV: Daily Market Snapshot (video) February 23, 2021 Following false breakouts in markets last week, downside momentum continued to build yesterday.
US tech sell-off continues as markets tumble for a second day February 23, 2021 Markets in the United States tumbled today, as a tech stocks in the US were hammered by a sell-off. The Dow Jones Industrial Average fell 0.06 per cent at the open, the S&P 500 fell 0.5 per cent and the Nasdaq Composite took the biggest hit, dropping two per cent. Large companies like Apple, Amazon [...]
Hong Kong media tycoon denied bail in landmark security law case February 23, 2021 A Hong Kong court denied media tycoon Jimmy Lai bail on Tuesday due to the risk of him committing further offences. The case is being closely watched as it shows how Hong Kong’s independent judiciary resolves conflicts between the security law drafted in Beijing. Guilty until proven innocent New legislation puts the duty on the [...]
Mercedes-AMG A45 S review: the hottest hatchback February 23, 2021 The 421hp Mercedes-AMG A45 S is a five-door hatchback that outpaces some supercars. Tim Pitt spends a week driving it.
Is technology a new asset class? February 23, 2021 With Covid-19 accelerating digitalisation, the question facing many companies is no longer whether technology is important, but just how important? What percentage of their time should a bank or retailer’s top executives spend thinking about technology? How much investment should a company make in tech? What weighting should institutional and retail investors give the sector? [...]
Spotify takes on Amazon and Apple by launching in 85 new markets February 22, 2021 Spotify said today it plans to launch in 85 new markets, nearly doubling its market presence and making the service available to more than a billion people worldwide. Spotify’s entry in new countries across Asia, Africa and Latin America significantly increases the gap with its closest rivals, Apple Music and Amazon Music. After the announcement [...]
‘The restaurant world has changed forever’: how Simon Rogan conquered Covid February 20, 2021 The first time I ate Simon Rogan’s food was during a culinary pilgrimage to L’Enclume, one of the world’s top restaurants. Over the course of five hours I ate 20 dishes, each one a spectacular fusion of science and gastronomy. Dehydrated fennel leaf topped with apple gel. Charred stripes of blackened leek with egg cream. [...]
Screenshot: Will Facebook regret going nuclear over Australian news? February 19, 2021 This week **Media Moment of the Week: A jumbo jab mix-up **Will Facebook regret going nuclear in Australia? **Arm’s getting chippy Media Moment of the Week: A jumbo jab mix-up When Liam Thorp received a text inviting him for his first Covid jab he was confused, given the healthy 32-year-old is pretty low down the [...]
Slave to the algo: facial recognition and fraud in a Covid-19 world February 19, 2021 “There will come a time when it isn’t, ‘they’re spying on me through my phone’ anymore. Eventually, it will be, ‘my phone is spying on me’.” American author, Philip K. Dick, warned us about the rapid advancement of technology. Incredibly, this warning was given long before his death in 1982, when mobile phones were the [...]
Wall Street joins FTSE in the red following gloomy jobs data February 18, 2021 Wall Street faced a sea of red this morning as shares slid across the board after an unexpected rise in weekly jobless claims highlighted the fragile labour market recovery. A report from the US Labor Department showed initial claims for state unemployment benefits were 861,000 last week, compared with 848,000 in the prior week. The [...]