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 [...]
Apple hits back at EU over ‘wasteful’ universal charger proposal January 23, 2020 Apple has today lashed out at an EU bid to make the tech firm ditch its Lightning charger, alleging the proposed rules would “create an unprecedented amount of waste”. Politicians in the European Parliament last week pushed forward calls for a universal charger for all mobile devices, amending a draft law to rule that all [...]
Tiktok inks licensing deal as it gears up for music streaming launch January 23, 2020 Tiktok has secured a licensing deal with a major music rights agency, marking a key step forward in the social media firm’s plans to launch a new rival to Spotify. The Chinese video app today said it has entered into a multi-territory partnership with Merlin, which represents tens of thousands of independent record labels. The [...]
Amazon breaks $200bn mark as world’s most valuable brand January 22, 2020 Online retail titan Amazon has defended its position as the world’s most valuable brand for a third year in a row, with the firm becoming the first to break the $200bn (£153bn) mark. Jeff Bezos’ company is worth $220.8bn in total, over $60bn more than second-placed Google, which is worth $159.7bn, according to the annual [...]
OECD tells UK to ‘hold fire’ on new tech giants tax January 22, 2020 The UK has been told by the OECD to “hold fire” on a new tax on big technology companies planned for April. The secretary general of the organisation, which is tasked with brokering a global compromise on the issue of tech giants not paying enough tax, said there would be the risk of “a cacophony” [...]