Wall Street closes lower price after technology stocks retreat March 2, 2021 Wall Street closes lower price after technology stocks retreat
Warren Buffett’s Berkshire Hathaway sees profit rise on stock market charge February 27, 2021 Warren Buffett’s Berkshire Hathaway said that a surge in prices of stocks like Apple had taken the investment firm to a profit of $36bn. The Nebraska-headquartered firm said that quarterly income rose 14 per cent to $5bn, while net income jumped 23 per cent to $35.8bn. The firm has been the beneficiary of a stock [...]
Screenshot: Is Uber nearing the end of the road? February 26, 2021 This week **Media Moment of the Week: Boris’ career coaching **Is Uber nearing the end of the road? **Apple’s merger madness Media Moment of the Week: Boris’ career coaching Social media is a fickle beast, but if there’s one sure-fire way to generate outrage it’s to insult journalists. That’s what Boris Johnson did this week, [...]
Brits could receive £480m payout in Qualcomm smartphone legal case February 25, 2021 Roughly 29m Brits could be entitled to a £480m payout if a landmark legal claim against US chipmaker Qualcomm is successful. Consumer group Which is suing Qualcomm over claims it breached UK competition law by taking advantage of its dominance in the patent-licensing and chipset market. The lawsuit alleges that this enabled the chipmaker to [...]
European bank giants plot payment network to rival Visa and Mastercard February 24, 2021 Members of the European Payments Initiative (EPI), a project launched with the help of 22 banks, said today that a pan-European payment network can be in place by 2025, making the continent “master of its own destiny.” The 22 banks, which include names such as Deutsche Bank, UniCredit and ING, are shareholders in the EPI [...]
Skoda Octavia vRS review: Czech mate for the Golf GTI February 24, 2021 The Skoda Octavia vRS is a more practical alternative to a Volkswagen Golf GTI. We find out what the new, fourth-generation car has to offer.
City A.M. TV: Daily Market Snapshot (video) February 24, 2021 Sector behaviour in the global markets is currently unusually divergent. Key cyclical sectors across the globe are making new highs: UK & US airline sectors, for example, have rallied sharply in recent trading sessions to new multi month highs; the UK’s FTSE basic materials sector is at new multi-year highs, while the global banks sector [...]
Super-rich opt for London despite temporary exodus amid pandemic February 24, 2021 London’s standing as a home for the super rich to live, invest and do business in has been unchanged during the pandemic.
Apple acquisitions: Tech giant buys a company every three to four weeks February 24, 2021 As the giants of Silicon Valley jostle for pole position in the escalating technology arms race, mergers and acquisitions are often the name of the game. But the scale of Big Tech acquisitiveness has been laid bare after Apple boss Tim Cook revealed his company has snapped up roughly 100 companies over the last six [...]
Facebook and Google duopoly is ‘too powerful’ says CMA boss February 23, 2021 Facebook and Google’s duopoly is too powerful, and the pair have too great a share of the UK online advertising space, CMA boss Andrea Coscelli has said. Speaking to the BBC, Coscelli said he would like to see regulatory changes to deal with their market dominance, but stopped short of saying the giants should be [...]