Google has until 19 December to respond to antitrust lawsuit October 23, 2020 Google has until 19 December to respond to a major antitrust lawsuit filed by the US Department of Justice earlier this week. A court filing today revealed the date by which the tech giant would have to answer the case that officials have brought. The lawsuit accuses the $1 trillion company of breaking the law [...]
Which stock markets look cheap as we enter the final quarter of 2020? October 23, 2020 While the virus itself hasn’t gone away, as far as financial markets are concerned, the pit of misery was back in March. At that point, a typical global market stock market portfolio had haemorrhaged around a third of its value in just six weeks. Stocks have soared As is often the case, peak despair turns [...]
Mark’s Bar reopens in the basement of 1 Lombard Street October 22, 2020 Mark Hix made a surprise return to London this summer, joining Soren Jessen at 1 Lombard Street as the City institution’s new Director of Food and Drink. But that isn’t the only surprise Hix had up his sleeve. This month another of his ventures has reappeared: the speak-easy-style Mark’s Bar, which was once a staple [...]
The City View: Francis Maude on ‘defensive’ and ‘deeply flawed’ civil service October 22, 2020 In this episode Christian talks to Lord Maude, a veteran of Tory politics whose career spanned nearly 40 years from the government of Margaret Thatcher to David Cameron’s 2015 majority. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Maude, who was a signatory to the Maastricht Treaty in 1992, talks about the current Brexit negotiations and says [...]
The Maserati Levante S is the closest you’ll get to a Ferrari SUV… for now October 21, 2020 The 430hp Maserati Levante S is a large SUV powered by a cut-down Ferrari engine. Does it retain some Maranello magic?
Google hits back at ‘deeply flawed’ US Justice Department lawsuit October 20, 2020 Google has hit back at a major antitrust lawsuit filed by the US Justice Department, branding it “deeply flawed” and warning that consumers would be negatively affected if the government wins its case. US officials today filed a lawsuit against the tech giant accusing it of breaking the law by using its market power to [...]
Netflix earnings: Is the streamer’s pandemic party coming to an end? October 20, 2020 Netflix will be in the spotlight after the bell this evening as it publishes its earnings for the third quarter. The streaming giant has had a bumper 2020 so far as millions of people have turned to home entertainment during the coronavirus pandemic. But as competition from rivals heats up and the impact of halted [...]
The Banking Dilemma: Do we really want Big Tech to control our financial data? October 20, 2020 “If something is a tool, it is genuinely just sitting there, waiting patiently. If something is not a tool it’s demanding things from you… seducing… manipulating; it wants things from you.” This damning indictment of social media platforms is one of many from industry insiders featured in the latest must-watch Netflix documentary, The Social Dilemma. [...]
Zoom and Instagram brand values jump as tech firms get Covid-19 boost October 20, 2020 Zoom, Instagram and Youtube have all swept into the rankings of the world’s 100 most valuable brands for the first time this year as the pandemic sparked a major boost for tech companies. Social media and streaming companies have enjoyed booming demand as millions of people have been forced to stay at home during the [...]
Covid-19 and “stakeholder capitalism”: actions speak louder than words October 19, 2020 The idea that companies should be run for the benefit of all their stakeholders, not just shareholders, is not new. “Stakeholder capitalism”, as it’s become known, was actually the dominant corporate model long before “shareholder primacy” (i.e. prioritising shareholders) really took hold in the Anglo-Saxon world in the 1970s. It remains the norm in some [...]