Big tech antitrust hearing delayed as probe gets underway July 24, 2020 A US hearing at which the chief executives of Apple, Alphabet, Amazon and Facebook were meant to testify has been postponed, as politicians press on with a probe into allegations of anti-competitive behaviour. The hearing in front of the US House of Representatives Judiciary Committee’s antitrust panel was meant to take place next Monday, but [...]
The City View: Imran Gulamhuseinwala on Britain’s open banking future July 23, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy is joined by Imran Gulamhuseinwala, the Implementation Trustee of Open Banking Ltd and the man tasked by the Government with driving forward the UK’s adoption of this potentially revolutionary technology. They discuss the journey so far, the challenges along the way, and the burgeoning industry of third-party [...]
Apple shares sink on US deceptive practices probe report July 23, 2020 Shares in Apple fell more than four per cent this evening following a report that the tech firm is facing a probe in multiple US states, which allege it engages in deceptive practices. A March document obtained by a tech watchdog group showed the Texas attorney general may sue Apple for violating the state’s deceptive trade practices [...]
Apple co-founder Wozniak files bitcoin scam lawsuit against Youtube July 23, 2020 Apple co-founder Steve Wozniak is leading a lawsuit launched by tech entrepreneurs against Google and its video site Youtube, over a series of bitcoin scams which use his name and image. Wozniak has accused Youtube of failing to deal with the problem, and ignoring his requests to have the videos taken down. The scam, which [...]
The City View: Andrea Rasca on Mercato Metropolitano July 22, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy Silvester is joined by Andrea Rasca, the food lover and entrepreneur behind Mercato Metropolitano. They talk about the journey so far – from Milan to Mayfair via the Elephant and Castle – for the food and drink market, his approach to sustainability and ensuring that London remains [...]
Slack files formal EU antitrust complaint against Microsoft July 22, 2020 Slack has filed a complaint against Microsoft with the European Commission, arguing its bundling of its Teams messaging service and Office 365 is anti-competitive. Workplace messaging app Slack is a rival of Teams, which also offers video conferencing services. The complaint, filed this afternoon, accuses Microsoft of “illegal and anti-competitive practice” in abusing its market [...]
The City View: Modwenna Rees-Mogg on angel investing July 21, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy Silvester is joined by Modwenna Rees-Mogg, founder of AngelNews and the Pluralists’ Club. Modwenna discusses the angel investing ecosystem, how it’s been hit by the Covid-19 pandemic, and the steps Government can take with the ‘future fund’ to ensure the UK remains a world leader. They also [...]
Apple to be carbon neutral for its entire business by 2030 July 21, 2020 Apple has said it will remove all carbon emissions across its supply chain and products by 2030, having already become carbon neutral in its corporate operations. The tech giant said its thousands of suppliers will be required to be carbon neutral within the next decade. It aims to achieve 75 per cent of this goal [...]
Top 10 billionaires: Jeff Bezos boosts fortune by $13bn in one day July 21, 2020 Amazon founder Jeff Bezos leads a list of the world’s top 10 billionaires after seeing his personal fortune jump $13bn (£10.2bn) yesterday, in what is believed to be the largest single-day individual wealth jump of all time. Bezos’ net worth has swelled $74bn this year to $189.3bn, according to the Bloomberg Billionaire Index. The Amazon [...]
Blockchain technology will only reach its full potential through industry cooperation July 21, 2020 Blockchain has come a long way since I first entered the space in 2011. Back then, altcoins were all just forks of Bitcoin, the same code with some cosmetic differences here and there. These days, we have multiple generations of blockchain with entirely different systems, each with varying and exciting capabilities. There has been a [...]