Judge blocks Trump’s Wechat ban on constitutional grounds September 20, 2020 A US judge has blocked the US Commerce Department’s order for app stores to remove Chinese messaging app Wechat, ahead of a ban coming into force today. The Commerce Department issued an order on Friday requiring Apple and Google to remove Chinese-owned messaging app Wechat for downloads by this evening. The order also previously included [...]
EU to toughen up enforcement powers against tech giants September 20, 2020 The EU is said to be preparing new rules to strengthen its executive arm, which would allow it to force companies to break up or sell off their European operations if deemed a threat to competition. The European Commission is currently planning to propose a Digital Services Act by the end of this year, which [...]
Tiktok and Wechat US downloads to be banned from Sunday September 18, 2020 Downloads of popular video app Tiktok and Chinese messaging app Wechat will be banned in the US from Sunday, White House officials have said. However the ban on Tiktok could still be reversed if its owner Bytedance is able to get a deal to offload its ownership over the US service approved by US President [...]
FTSE 100 and US stocks slide following central bank announcements September 17, 2020 The FTSE 100 continued trading in the red after the Bank of England announced it would keep monetary policy on hold, while Wall Street opened lower as tech stocks slumped. The blue-chip index dropped 0.7 per cent before inching up marginally to trade down 0.4 per cent after the bank said the economy’s recovery had [...]
Apple accuses Fortnite creator of ‘publicity stunt’ in app dispute September 16, 2020 Apple has said any damages experienced by Fortnite creator Epic Games after being removed from its App Store are “entirely self-inflicted”, as a legal battle between the two firms rages on. In new legal filings, Apple said Epic could immediately reverse the tech giant’s decision to ban the app by complying with the App Store’s [...]
FXCM stock baskets offer cream of the crop industry stocks September 16, 2020 It’s been months now of lockdown, and with the majority of the world spending more time working from home with CNN, BBC and Bloomberg playing on the TV in the background, it is no surprise there has been a surge in new day traders looking to take advantage of the current market volatility by beginning [...]
Crypto AM shines its Spotlight on Blok BioScience September 16, 2020 There are many companies both large and small putting forward all manner of technology solutions to help manage the pandemic. Some are contact trace solutions while others are immunity passports. Some make clever use of modern database capabilities while others rely on DLT of various flavours. Some are centralized repositories with impressive analytical inference tools [...]
FTSE 100 and US stocks jump after strong Chinese industrial data September 15, 2020 The FTSE 100 rose sharply and US stocks opened higher as investors reacted well to stronger-than-expected economic data from China. Britain’s main stock index was up nearly one per cent during the afternoon session at 6,085 points. The FTSE 250 index – which is made up of slightly smaller firms – climbed 0.6 per cent. [...]
M&A sprees are addictive… and they cause me to sell, sell, sell September 15, 2020 Aswath Damodaran has a blunt message for companies considering an acquisition: “Don’t do it.” “I firmly believe that acquisitions are an addiction, that once companies start to grow through acquisitions, they cannot stop,” Aswath Damodaran, Professor of Finance at New York University Stern School of Business, told the audience at the CFA Institute Equity Research [...]
Google reduces entire carbon footprint to zero September 14, 2020 Google has said it has now reduced its entire carbon footprint to zero, after using “high-quality carbon offsets” to wipe out its fossil fuel legacy. The tech giant said its activities became carbon neutral in 2007, but has now completed its mission of removing its carbon footprint entirely. Chief executive Sundar Pichai, who also runs [...]