Markets live: FTSE 100 up but US stocks down amid stimulus hopes July 28, 2020 The FTSE 100 rose but US stocks fell as coronavirus cases climbed around the world and Republicans and Democrats prepared to debate a new stimulus package amid new vaccine trials The UK’s main stock index was 0.3 per cent higher in afternoon trading at 6,120 points after briefly slipping into the red. The FTSE 250 [...]
Crypto app Abra launches interest accounts after illegal swaps penalty July 28, 2020 Cryptocurrency investing app Abra has today launched interest-earning accounts, as it recovers after settling with US regulators over allegations it illegally offered swaps to users. Abra will now offer investors up to nine per cent annual interest on their holdings of crypto and so-called US dollar stablecoins — digital currencies tethered to the value of [...]
Intel chief engineer to depart in tech unit shake-up July 28, 2020 Intel said its chief engineering officer Murthy Renduchintala is stepping away from the business, as part of a move to split up a key technology unit into five teams. The chipmaker said today that it is reorganising its technology, systems architecture and client group, with each section’s new leader to report directly to Intel boss [...]
Bitcoin Breaks Past $10,000 as Fight Against Crypto-Related Scams Intensifies July 28, 2020 This week the price of Bitcoin (BTC) went from about $9,150 to a $10,250 high as demand related to decentralized finance projects has been boosting the cryptocurrency space, and as the fight against crypto scams has started to intensify. Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week close to $240 and steadily [...]
Video: Is Big Tech under threat? July 28, 2020 In this short video Sean Markowicz explains why the market dominance of big tech firms might prove to be a threat to their own future performance. While many businesses are struggling under the global lockdown, the largest technology companies are thriving. Firms such as Amazon, Microsoft, Apple, Google and Facebook have all seen increased demand [...]
The City View: James Burstall on post-lockdown production July 28, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy Silvester is joined by James Burstall, the chief executive of TV and film production company Argonon Group, whose credits include The Masked Singer and a host of critically acclaimed documentaries. James talks about pivoting the business as Covid-19 hit, preparing for an extended period without being able [...]
Facebook sues EU regulator for invading employee privacy in antitrust probe July 27, 2020 Facebook has said it is suing the EU antitrust regulator for attempting to gain information beyond what is necessary for its case against the firm. The tech giant said this included seeking highly personal details from its employees, such as medical history and information about family members. The European Commission has been probing Facebook since [...]
Google to extend working from home until mid-2021 July 27, 2020 Google has said it will be extending its offer that all staff who can work from home can continue to do so until the end of June 2021. The search giant had said in May it would begin reopening more offices globally as early as last month, but most Google employees would likely continue to [...]
Facebook forced to delay results as tech giants size up Super Thursday July 27, 2020 Facebook has been forced to push back its second-quarter results due a scheduling clash, putting the earnings of all four major US tech giants on the same day. Facebook, Apple, Amazon and Google will now all report their quarterly earnings after markets close on Thursday. The chief executives of the four companies are also set [...]
Bitcoin breaks past $10,000 for first time in two months July 27, 2020 Bitcoin jumped past the $10,000 mark for the first time in almost two months this morning, after several weeks of trading in narrow ranges. In addition to suffering pricing blows due to the economic fallout from the coronavirus outbreak, the cryptocurrency went through its third so-called halving on 11 May, which cut the rewards given [...]