Screenshot: Will nightclubs really reopen in June? March 5, 2021 This week: **Media Moment of the Week: Telly’s still got welly **Will nightclubs really reopen on 21 June? **The BBC turns back time Media Moment of the Week: Telly’s still got welly In the age of Silicon Valley streaming giants and relentless references to “content” and “eyeballs”, it’s easy to forget that TV can, sometimes, [...]
Tech billionaires’ privacy brawl: Facebook’s defence of its darkest arts defies belief March 5, 2021 Facebook’s new advertisement – “Good Ideas Deserve To Be Found” – is a study in audacity, in which the company wraps its darkest arts in a cloak of moral purity. Facebook tracks its users’ behaviour, not only on its own apps but all across the web. What it learns about you in the process, it [...]
Wall Street slips despite better than expected US jobs data March 4, 2021 US stocks opened lower on Thursday as Wall Street reckoned with yesterday’s technology-led selloff, despite new data showing an improved US employment market. The tech-heavy Nasdaq slid 2.4 per cent this afternoon, with carpet company Dixie Group pulling the index down with a 48 per cent drop. Tesla shares extended yesterday’s loss of more than [...]
EU set to charge Apple over Spotify music streaming complaint March 4, 2021 The European Commission is said to be on the brink of filing formal antitrust charges against Apple over accusations it distorted competition in the music streaming market. Spotify filed a complaint against Apple in 2019, accusing the tech giant of unfairly restricting rivals to its own Apple Music service and complaining about the company’s 30 [...]
Jack Dorsey’s Square buys $300m stake in Jay-Z’s streaming firm Tidal March 4, 2021 Mobile payments firm Square has agreed to buy a majority stake in Tidal, the streaming service owned by rapper and producer Jay-Z, for $297m (£212m). Square, which was co-founded by Twitter chief executive Jack Dorsey, said it will pay a mix of cash and stock for the stake, while Jay-Z will join its board of [...]
Why improving cyber security should be a priority for every business in 2021 March 4, 2021 Kralanx Cyber Security CEO Jean-Michel Azzopardi talks through what a business must, should and could have for cyber security.
Digital Currencies: The money of tomorrow or today? March 4, 2021 Last week the Treasury-commissioned fintech Review published its agenda for the future of the UK intech sector. It recommended more government oversight, closer regulatory alignment, and perhaps most intriguingly, an embrace of digital currencies. But what would this actually look like in the UK – and why does it matter? To understand this, it helps to [...]
Amazon opens first contactless grocery store in London March 4, 2021 Amazon has opened a contactless bricks and mortar grocery store in London – the first physical shop the tech giant has launched outside of the US. The Amazon Fresh store in Ealing will carry a private UK food brand dubbed “by Amazon”, and will let consumers skip the checkout queue. Shoppers will scan a smartphone [...]
Apple facing UK competition probe over app store dominance March 4, 2021 Apple is facing a competition probe in the UK over claims the way it treats app developers is “unfair and uncompetitive”. The iPhone maker has been locked in a long-running dispute with app makers including Epic Games, the company behind hit video game Fortnite, over the cut it takes through the App Store and on [...]
City Moves: Who is switching jobs in the Square Mile this week? March 3, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we have seen a flurry of new hires across the capital. From a Ritz chairman joining an intelligence firm, to a former Knight Frank executive taking on a leading residential role [...]