Goldman Sachs ‘in talks’ to partner with Amazon on small business loans February 3, 2020 Goldman Sachs is reportedly in advanced talks with Amazon to offer small business loans in the US, as the Wall Street giant looks to the tech titan in a bid to break into the mainstream areas of financial services. Goldman Sachs has begun building technology that would allow it to offer loans to small and [...]
Amazon ‘launches search’ for new London office space February 3, 2020 Amazon is said to be on the hunt for new office space in London as the e-commerce giant doubles down on its commitment to the capital after Brexit. The tech firm has called in advisers at Cushman & Wakefield to find a building with roughly 200,000 square feet (sq ft) of office space, the Times [...]
Sadiq Khan interview: The London mayor talks tech tax, Brexit, Labour and Uber January 30, 2020 There can be no doubt that last year’s General Election redrew Britain’s political landscape. But for an example of just how different things have become, consider that next week a Labour mayor of London will warn a Tory chancellor against imposing new taxes on multinational tech giants. Sadiq Khan tells me he enjoys a good [...]
Apple shares soar after beating Wall Street estimates January 29, 2020 Apple hit an all-time high of $327.25 per share in morning trading after strong iPhone sales drove record revenues. The technology giant surpassed Wall Street’s estimates last night, reporting a nine per cent increase in revenue to $91.8bn while the consensus estimate was $88.5bn. It also marked a record profit of $22.2bn. Apple reported earnings [...]
Hong Kong stocks tumble three per cent on coronavirus fears January 29, 2020 The Hong Kong stock index slumped three per cent overnight in its first day of trading since the coronavirus outbreak intensified over the Chinese Lunar New Year. Coronavirus has now claimed 132 lives while the number of cases has hit 5,974. The jump in deaths has triggered an international response, with British Airways the latest [...]
Apple beats profit and revenue estimates to defy coronavirus fears January 28, 2020 Apple reported earnings and revenue above Wall Street estimates tonight, proving its streak of success had continued to rise during the crucial Christmas trading period. The iPhone creator reported earnings of $4.99 per share for the three months to the end of December 2019, above estimates of $4.55 per share. It marked a record profit [...]
Citymapper appoints advisers amid takeover interest January 28, 2020 Public transport app Citymapper has tapped advisers from US bank Raine after receiving overtures from several global tech firms. Sources told Sky News that the platform, which is available in 41 cities, brought Raine on board last week to guide it through discussions with several suitors. The expressions of interest, which were unsolicited, relate to [...]
12 steps to turn your brilliant idea into a business January 27, 2020 Most of us have probably had a great business idea at some point in our lives. A lightbulb moment in the pub, a problem solved in the shower or brief thought whilst waiting for the bus. But so rarely do these ideas ever progress beyond a fleeting thought. And setting up a business can be daunting, [...]
Apple investors hope streaming boom will boost first-quarter figures January 26, 2020 Apple shareholders will be hoping for a boost from the escalating streaming wars when the tech giant reports its first-quarter figures this week. The iPhone maker will issue its quarterly results on Tuesday — the first time since it launched Apple TV Plus in November. Apple posted a three per cent decline in net profit [...]
Chinese New Year 2020 in London: Where to celebrate the Year of the Rat January 25, 2020 With the Chinese New Year officially upon us, it is time to decide how to celebrate the beginning of the Year of the Rat – the first animal in the Chinese zodiac cycle. In Chinese culture, the rat is seen as a sign of wealth and surplus. Married couples would also traditionally pray to the [...]