Failure to tackle the scourge of rising rents will undermine London’s startup renaissance May 3, 2016 Wikipedia founder Jimmy Wales once said that “in the US, Washington is politics, LA is Hollywood, San Francisco is tech, New York is advertising and finance, but London is all of those things.” If anything, he is selling our city short; throw in the culture of the city that shaped creative geniuses such as Charles [...]
Apple’s share price just suffered an eight-day losing streak – its longest since 1998 May 2, 2016 Apple shares have posted their longest losing streak since 1998, closing lower for the eighth straight session today. The tech giant's stock closed at $93.64, although they have been marginally declining since 20 April, when its closing share price was $107.13. Read more: Apple's share price drops after revenue misses expectations [charts-share-price id="232"] Apple's share price [...]
How Nyetimber put English wines on the map April 29, 2016 My good friend Pierre Emanuel Taittinger has decided to buy a tract of Kentish orchard, grub it up, plant vines and join the Gadarene rush into the English industry. And if he’s prepared to put his name to a drop of vin d’Albion, we really must be doing something right. But by the time he's [...]
The Wizard of OS: Ian McKellen has made a Shakespeare app to bring the bard to a new generation April 29, 2016 "You can imagine what it’s like to kill someone. You have to, otherwise you wouldn’t be convincing as Macbeth," says knight of the realm and thesp extraordinaire Sir Ian McKellen matter-of-factly. He may have been performing The Bard’s work for the best part of 60 years, but this hasn’t dulled either his affection or his appetite. [...]
Want to work in the tech sector? These are the UK’s highest-paying tech firms April 29, 2016 Thinking of going into finance? The tech sector just might pay better, if new research is anything to go by. It turns out that not only do tech giants such as Apple, Amazon and Google offer great benefits – free lunches, flexible holiday allowances, egg freezing – but the salaries they pay rival anything a bank can throw [...]
US shares finish lower as economy looks less solid after weak GDP figures April 29, 2016 Suddenly, things might not be looking so rosy for the US economy. Markets fell last night after GDP growth for the first quarter came in at a miserly 0.5 per cent – down from 1.4 per cent in the final three months of 2015, and well off expectations. Some poor earnings figures from its tech giants [...]
Apple: Billionaire investor Carl Icahn has sold Apple stake on China fears April 28, 2016 Billionaire investor Carl Icahn has sold his stake in Apple, and it's China's fault. Icahn said that while Apple is a "great company" and chief executive Tim Cook is doing "a great job", he had sold his position in Apple. Speaking to CNBC he said that China's attitude towards Apple and the Chinese economic slowdown led him to sell [...]
Samsung had the smartphone bump Apple was missing thanks to the Galaxy S7 April 28, 2016 Samsung and Apple have just demonstrated exactly how important the cycle of mobile phone production now is to their bottom line. Without the hype of a new device for Apple (the iPhone SE doesn't count), the tech giant experienced its first slowdown in more than a decade. Over at Samsung, it's a different story. Sales in the first quarter surged [...]
Low oil prices pushes Saudi Arabia into economic reform – Prince Salman declares an end to reliance on oil and outlines Vision 2030 plan to diversify the economy April 27, 2016 Saudi Arabia is to kick its “dangerous addiction” to oil as the country's cabinet agreed on plans to diversify the economy away from the black stuff. The country is hooked on fossil fuels but “by 2020 we'll be able to live without oil,” said deputy crown prince Mohammed bin Salman, author behind new economic plan, Saudi [...]
Apple has fallen: Share price drops on slowdown wiping $46bn from market cap as Goldman Sachs removes from “conviction” list April 27, 2016 Shares in Apple fell more than eight per cent as markets opened in New York after the company reporting a fall in both revenue and iPhone sales. Around $46bn (£31.6bn) was wiped from its value as a result of worse than expected results. The fall in revenue to $50bn – around $2bn short of estimates – for the second quarter [...]