Jaguar Land Rover to cut UK car production in the coming months amid Brexit fears January 22, 2018 Jaguar Land Rover is to slash production amid Brexit fears and a government crackdown on diesel cars. There will be a reduction in the number of cars rolling off the ramps at JLR’s Halewood plant situated close to Liverpool. JLR said today “temporary adjustments” to production schedules would commence in the second quarter of 2018. [...]
Google and Tencent announce tie-up to cross-license patents January 19, 2018 Google has signed a tie-up with Tencent in a bid to enhance its presence in China. The patent cross-licensing agreement will be “long-term” and covers a range of technologies, according to Google. Further terms of the deal were not disclosed but the company said it could open the door to closer collaboration in the future. [...]
The best running tech and gadgets of 2017 review: From wearables to fitness trackers and sports earphones January 18, 2018 Are you marathon ready? How are your glutes? Firm and rippling? Should they be rippling? Oh my god somebody Google “rippling glutes” right now and tell me what it says. In the meantime, it’s time to peruse City AM’s exhaustive list of the absolute best running tech of 2017, from things that go around your [...]
Yesterday’s feeble US embassy opening represented no less than a snub from Donald Trump January 17, 2018 The opening of the capital’s new US embassy should have been all cheerleaders and marching bands. The Americans spent $1.2bn (£880m) on the ultra-secure new building, which includes a moat, a security ditch and a 15cm thick, bomb-proof glass facade. But after Donald Trump’s Twitter outburst last week, in which he mistakenly lambasted Barack Obama [...]
Banks face a seismic technological upheaval – PSD2 is only the start January 16, 2018 The Second Payment Services Directive (PSD2) came into force across the EU last Saturday, opening access to consumers’ financial data to thousands of companies that aren’t banks. The UK went a step further with Open Banking, enabling fintech players and retailers to take over the ownership of customer relationships from major banks. In the Open [...]
Tech predictions for 2018: Drones, crypto, and the rise of the robots January 15, 2018 The pace of technological change can seem exciting and daunting in equal measure. 2017, while seeing continued financial growth in the tech sector, brought even more sharply into focus the challenges inherent with the inexorable march of progress. From Amazon to Uber, tech giants saw their practices and business models scrutinised more deeply than ever [...]
SoftBank’s Vision Fund backs online car marketplace Auto1 January 14, 2018 Another day, another SoftBank startup investment. The highly active Japanese firm with $100bn of its Vision Fund to spend is backing Auto1, a Berlin-based online marketplace for buying and selling cars. It is investing €460m in the five-year-old startup, one of the most highly valued in Europe at €2.9bn with the fresh investment and already [...]
Botswana wants to know if Trump considers it a “s***hole country” as it joins UN in condemning President’s “racist’ language January 12, 2018 Botswana has summoned the US ambassador to ask whether the African nation is one of the “shithole countries” referred to by Donald Trump . The US President reportedly used that term during a meeting in reference to people from Africa and Haiti , according to CNN. “‘Why do we want these people from all these [...]
What Apple needs to do to become the world’s first trillion-dollar company January 11, 2018 It hasn’t exactly been a happy new year for Apple. The tech giant rang in 2018 apologising to customers for deliberately slowing the performance of older iPhone models in a bid to spur new purchases. And this week, Apple investors Jana Partners and CalSTRS – which together own about $2bn of the company’s stock – [...]
Warren Buffett thinks bitcoin will “come to a bad ending” as Berkshire Hathaway boss wades in on cryptocurrency craze January 10, 2018 The so-called Oracle of Omaha has become the latest high-profile investor to weigh in on bitcoin – as he gave an indication of his succession plans by promoting two potential heirs. Warren Buffett, the cherry Coke-swilling boss of investor Berkshire Hathaway, said “with almost certainty” that cryptocurrencies “will come to a bad ending”. During an [...]