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 [...]
Crystal ball: Here’s what the Oracle deal could mean for Tiktok September 14, 2020 Tiktok owner Bytedance is said to have clinched a deal to offload management of the app’s US operations to software giant Oracle, after turning down a widely publicised bid from Microsoft. US President Donald Trump ordered Bytedance to separate itself from its US arm in August, giving the firm a 45-day deadline to find a [...]
Nvidia to buy UK chip designer Arm for $40bn September 14, 2020 US tech giant Nvidia has announced it will buy UK-based computer chip designer Arm from Softbank for as much as $40bn. Nvidia has said the business will continue to be based in Cambridge and that it will invest in a new artificial intelligence research centre on site. It will also keep Arm’s branding and is [...]
iPhone absence offers Apple chance to show increasingly diverse portfolio at new product launch September 12, 2020 Apple’s product launch next week will be missing an iPhone for the first time in almost a decade. The latest instalment of the company’s most successful product has had its launch delayed until October due to coronavirus-related supply chain disruption. At the “Time Flies” event on Tuesday, Apple will unveil its sixth generation Apple Watch, [...]
Timing a Token Launch September 11, 2020 It’s March 2020. Countries across Asia are closed for travel and movement. Italy has come under the global spotlight because of its strict and indefinite lockdown period. Spain isn’t far behind. The world is becoming alert to a new, deadly virus and supermarkets are being overrun by panic buyers. Economists are predicting a formidable depression [...]
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is a particularly important place for startups September 11, 2020 Remote working is liberating us from the shackles of outdated, 20th Century habits, goes the prevailing narrative.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 [...]