Hopes of US-China trade truce boosts stocks on Wall Street September 24, 2019 US stocks edged up today amid mounting optimism over trade talks between the US and China. The S&P 500 and Nasdaw Composite both rose by slightly over 0.5 per cent after trading opened. Meanwhile, the Dow Jones industrial average rose 117 points, or 0.4 per cent, led by a rise in Apple’s share price following [...]
Google advertising overtakes rival Facebook in app downloads market September 24, 2019 Adverts on Google now drive more app downloads than adverts on Facebook, marking the first time the search giant has overtaken its Silicon Valley rival. Google has increased its share of the app installation sector eightfold in the last five years and is now the largest player in the app marketing space, according to marketing [...]
Antony Gormley at the Royal Academy: An existential crisis has never felt so invigorating September 23, 2019 This giant Antony Gormley retrospective feels like the artist’s unified theory of everything. The works are drawn from four decades of output, but feel so indelibly fused with the famous halls of the Royal Academy you can barely imagine them elsewhere. Gormley bends and shapes the gallery to his will like a potter at a [...]
Why Softbank is struggling to attract investment for its second Vision Fund September 22, 2019 Softbank’s Vision Fund was created to disrupt the tech sector – and it succeeded. Launched in 2017, the $100bn (£80.2bn) investment vehicle is the world’s largest tech fund, and made Softbank chief Masayoshi Son the industry’s biggest investor. The unicorn ‘kingmaker’ The gargantuan Vision Fund (VF) quickly became known for making bold bets on promising [...]
BT lines up Champions League bid as it looks to retain lucrative rights September 22, 2019 BT is gearing up to defend its control of Champions League TV rights as the telecoms giant cashes in on price rises in its broadcast division. BT Sport paid £1.2bn in 2017 to secure exclusive rights to Champions League and Europa League matches for three seasons, cementing its control of European football coverage. Read more: [...]
Netflix boss says The Crown will ‘look like a bargain’ as streaming battle begins September 20, 2019 Netflix chief executive Reed Hastings says the its drama about the British Royal family, ‘The Crown’, will “look like a bargain” as the arrival of streaming rivals Apple, Disney and NBC will push content costs up. The series, which will include 60 episodes over six season, cost a reported £100m to produce. Read more: Netflix [...]
The new rental apartments bringing ‘New York loft living’ to North London September 20, 2019 A new building of rental apartments has just launched, with the somewhat bold aim of bringing ‘New York warehouse-style living’ to Wembley. Ferrum, which is located close to Wembley Stadium, comprises 741 studio, one, two and three-bed homes which can be rented directly from the developer, Tipi. On entering the building, it’s clear that the [...]
Thomas Cook share price crashes as lenders demand extra £200m to seal rescue deal September 20, 2019 Thomas Cook’s share price plunged more than 15 per cent in early morning trading after it confirmed lenders are demanding an extra £200m as part of efforts to rescue the world’s oldest holiday company. The embattled travel operator said today that investors want £200m to finalise a restructuring strategy, coming on top of a further [...]
New Zealand and South Africa will be the main contenders at an evenly poised Rugby World Cup – and this weekend’s match could be crucial September 19, 2019 This is one of the most evenly poised Rugby World Cups in a long time. Previously, New Zealand have been outright favourites, but the once-dominant force have looked fallible during the last 12 months. England, Wales and Ireland have all run the All Blacks close or beaten them, while they also lost to Australia and [...]
Apple accuses EU of misunderstanding its business in €13bn court case September 18, 2019 Apple has accused the European Commission of misunderstanding its business as the tech giant’s appeal against a €13bn tax order entered its second day. The Commission had accused Apple of having dodged taxes and received illegal state aid from Ireland, ordering the company to pay a €13bn Irish tax bill in 2016. Read more: Apple [...]