Hong Kong: All the tech firms pausing activity after China’s security law July 7, 2020 A host of tech giants have said they will be pausing the processing of requests by authorities in Hong Kong to review user data, following a strict new security law passed by China last week. China’s parliament has approved the national security law in Hong Kong, which pushes the city state towards a more authoritarian [...]
Ai: The Competitive Advantage July 7, 2020 In recent years, it seems most discussions centered around technology and business innovation inevitably end up debating the future potential of Artificial Intelligence. While the longer term upside is seemingly limitless, and there is much debate about what the future of what AI might look like, what’s less understood is how AI works today – [...]
Funding the Next Wave of Tech Startups July 7, 2020 Blockchain technology and cryptocurrencies have had their fair share of ups and downs in the past few years and for many they remain a mystery, poorly understood, and even feared. But since the recent bubble and crash of 2017/2018 there have been three years of soul searching, greater regulatory scrutiny, and a great deal of [...]
WFH: Is it the death knell for offices? July 7, 2020 Some real estate investors believe the successful working from home experiment during this crisis will lead to a long-term decline in demand for offices. We think this is premature. One of the more mundane aspects of the coronavirus has been the sudden evacuation of offices and mass adoption of home working. In the US it [...]
Tiktok exits Hong Kong as US ponders banning the app July 7, 2020 Tiktok is to remove its app from Hong Kong, as other technology firms say they will stop processing data requests from authorities in the city state. Tiktok, which is owned by Chinese giant Bytedance, said it had made the decision to exit the region after China approved fresh national security law for the region last [...]
The City View: Harry Hearn on rowing the Atlantic July 6, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today City A.M. Deputy Editor Andy Silvester talks to Harry Hearn, a City recruiter about to embark on the challenge of a lifetime: rowing the Atlantic Ocean. He’s raising funds for a charity in Vietnam as well as mental health charity MIND, and Harry & Andy talk big swells, [...]
Asian stocks climb to four-month high on US jobs data July 3, 2020 Asian stocks rallied to a four-month high today on robust US payrolls data and a brisk pickup in Chinese service sector activity but a surge in coronavirus cases in the US kept a lid on further risk-taking. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5%, reaching their highest level since late February, [...]
Tech chiefs to appear before US Congress in July antitrust hearing July 2, 2020 The chief executives of Google, Apple, Amazon and Facebook will all testify before a US Congress panel later this month, as scrutiny of competition in the tech sector ramps up. An approximate date of 27 July has now been set for the group to appear, sources told Reuters, with all four chiefs having been made [...]
Move over, US: time for a new stock market leader? July 1, 2020 The US has dominated stock market returns globally ever since the Global Financial Crisis. But nothing lasts forever… Dominance in almost any walk of life goes in cycles. Just ask Manchester United fans or MySpace users… Well, the same can be said of markets. They also go through periods when certain regions (or companies) seem [...]
Competition watchdog pressures government to take on tech giants July 1, 2020 The Competition and Markets Authority (CMA) has said existing UK laws are not suitable for effective regulation, calling on the government to overhaul its structure so it can better tackle tech market dominance. The watchdog said it needs more support to govern the behaviour of “major platforms funded by digital advertising, like Google and Facebook”, [...]