Tech giants stumble as Wall Street fails to recover from nightmare week October 15, 2018 The big five US tech companies dropped over $30bn (£23bn) from their market value yesterday as Wall Street struggled to bounce back from a nightmare week. Netflix recovered slightly after an initial three per cent drop when the share’s target price was slashed by Raymond James and Goldman Sachs. Read more: Snap to challenge Netflix [...]
Nine Elms project One Embassy Gardens put on the market for £160m October 11, 2018 One Embassy Gardens, a flagship Nine Elms office block located next to the new US embassy, is being put up on the market for £160m today, as developers hope to lure in buyers for one of Europe’s largest regeneration zones. Ballymore's planned sale comes 10 months after the developer secured the tenancy of Penguin Random House, with [...]
Apple to buy parts of European chipmaker Dialog Semiconductor in $600m deal October 11, 2018 Apple said today it has entered into a deal to acquire parts of European iPhone chipmaker Dialog Semiconductor, in a deal valued at $600m (£454m). Apple will gain some patents and a team of engineers from the chip designer, and cement a three-year contract for Dialog to continue building chips for its iPhone and iPad products. The transaction [...]
FAANGs out: Tech stocks set to continue slide after losing $172bn in a single day October 11, 2018 Yesterday's $172bn (£130bn) tech stocks slide is set to worsen today, as pre-market trading indicates each of the so-called FAANG companies could stand to lose further value. Amazon was the worst hit overnight, losing an additional 2.24 per cent on top of yesterday's 6.15 per cent slide which wiped around $56bn off its market capitalisation. Apple [...]
Amazon abandons sexist AI-powered recruiting tool October 10, 2018 Amazon has reportedly had to scrap an artificially intelligent recruitment tool built by its in-house engineering team, after sources told Reuters the results began to be skewed in favour of male candidates. Five members of the team who worked on the tool in 2014 said it began to teach itself that male candidates were preferable over [...]
Google launches photo-fixing Pixel 3 and Pixel 3 XL models October 9, 2018 Google has launched its highly anticipated Pixel 3 and Pixel 3 XL, revealing new photography features and an improved digital zoom. The two models come with cameras on the front of the handsets and one on the rear, while a second wide-angle lens has been added to the face of the phone to make it [...]
Working Lunch: We try the three course foraging feast at Native’s new home near Borough Market October 9, 2018 Native 32 Southwark Street, SE1 WHAT AND WHERE? Native recently got into a spat with its neighbours in Covent Garden, so has moved to a new home near Borough Market. And it’s gorgeous – low-key, exposed brick with leafy vines climbing the walls; rather like eating in a secret courtyard. The food’s an attempt to [...]
Google preparing to appeal EU’s €4.3bn Android fine October 9, 2018 Google is expected to challenge European competition authorities tomorrow, as the deadline to appeal the EU's record-breaking €4.3bn fine against its parent firm Alphabet comes to pass. The tech giant was charged by regulators over "serious illegal behaviour" with its Android operating system in July. Brussels ruled that Google had forced smartphone makers to favour its own [...]
Why ‘customer-centric’ is the latest designer label we all need October 8, 2018 I'M NOT NORMALLY a fan of surveys, but the Interbrand Best Global Brands Report is, for me, an interesting read. This year’s report has made the headlines because the top-performing sector is the luxury fashion and accessories sector, which has grown by 42 percent since 2017. Why are designers doing well, and what can my clients [...]
Tesco scraps best before dates on fruit and veg lines as supermarket aims to cut food waste October 8, 2018 Tesco will remove the best before dates on apples, oranges and dozens of other fruit and vegetables in its latest attempt to help reduce food waste, the company announced today. The store is set to scrap dates on 116 fresh produce products, a move it claimed 69 per cent of customers would support. It wants to [...]