The office is a particularly important place for startups September 11, 2020 Remote working is liberating us from the shackles of outdated, 20th Century habits, goes the prevailing narrative. We are freed from the purgatory of the daily commute and are spared office gossip, time-wasting meetings or pointless rituals. Major corporations seem to have embraced this ethos too. Google has said that most employees can be home-based [...]
FTSE 100 edges into the green as Wall Street opens higher on tech bounce September 10, 2020 The FTSE 100 edged into the green as US stocks opened higher as a bounce in tech stocks overshadowed the high number of jobless claims. London’s blue-chip index climbed 0.19 per cent after spending most of the session in the red in anticipation of the ECB’s rates decision. The FTSE 250 of smaller-cap firms rose [...]
FTSE 100 and US stocks climb as investors regain poise September 9, 2020 The FTSE 100 and US stocks have risen after a bloodbath on global markets yesterday saw big tech names plunge. London’s blue-chip index rose 1.3 per cent to 6,009 points in afternoon trading. The FTSE 250 – the 100’s little brother – fell 0.2 per cent, however. Read more: Tesla shares set for worst day [...]
Tesla shares set for worst day in six months as tech sell-off bites September 8, 2020 Tesla’s share price fell more than 18 per cent as Wall Street opened this afternoon, putting it on track for its worst performance in nearly six months as investors spurned US tech stocks. The electric carmaker was excluded from a group of companies being added to the S&P 500 index — a milestone the company [...]
US tech stocks plunge as FTSE 100 drops on no-deal Brexit fears September 8, 2020 Wall Street opened lower while the FTSE 100 fell back into the red this afternoon as a US tech sell-off and Brexit fears rattled markets. Downward pressure on the pound, as well as a strong set of corporate results, had initially boosted London’s premier index, but by the mid-morning the 0.5 per cent increase had [...]
Australian regulator to probe competition between Apple and Google September 8, 2020 Australia’s competition watchdog has said it is going to take a deeper look at the use of data by apps and the extent of competition between the app stores of Apple and Google. It follows a major antitrust investigation of Apple’s app store policies in the EU announced earlier this year, as well as other [...]
Fortnite rival PUBG cuts ties with China’s Tencent in India September 8, 2020 The owner of Playerunknown Battlegrounds, also known as PUBG, is to sever a publishing deal with Chinese giant Tencent for its game in India, in an effort to get around the government’s ban of its app in the country. South Korean firm PUBG Corporation said today it will no longer give Tencent Games the rights [...]
Microsoft reveals smallest ever Xbox Series S September 8, 2020 Microsoft has unveiled its smallest ever edition of its Xbox console, the Xbox Series S. The console will be priced at £249.99, and will debut alongside the next flagship Xbox Series X which will be revealed later this year. The announcement followed hours after leaks of images, pricing and specifications of the two consoles appeared [...]
Tech companies ramp up hiring as London moves past lockdown September 8, 2020 Tech companies in the UK’s capital have accelerated their hiring plans over the summer as businesses get ready to go back to work, with digital roles jumping by more than a third. Advertising for vacancies in the digital tech sector rose 36 per cent in the last two months, according to data collated by Tech [...]
The City View: Andy Haldane, Bank of England chief economist, on the risk of contagious pessimism and the prospects for economic recovery September 7, 2020 In this extended episode of the City View, Christian talks to Bank of England chief economist and Monetary Policy Committee member Andy Haldane, about the economic lessons learnt from the past five months and the prospects for our economy recovery. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Haldane strikes an upbeat tone and warns against letting pessimism [...]