Why the UK always falls short in global innovation rankings November 12, 2015 Innovation is often cited as the Holy Grail of any politician. Without it, wealth creation becomes harder and economies can stagnate. Yet developing and encouraging this innovation is harder than it looks. That certainly seems to be the case in the UK, which once again is not represented in the latest Thomson Reuters study on [...]
Apple working on iPhone-to-iPhone payments November 12, 2015 Apple doesn’t want to become a bank, insists chief exec Tim Cook, shutting down longstanding rumours that the tech giant will be pushing into the financial services industry. But on the same day, a new report suggests that Apple has big plans for a new mobile payment system: one that would allow iPhone users to [...]
Macy’s and oil weigh heavily on Wall Street – New York Report November 11, 2015 INVESTORS sold oil companies and dumped brick-and-mortar retailers yesterday after a disappointing full-year forecast from Macy’s pulling US stocks lower. The Dow Jones industrial average fell 56.52 points, or 0.32 per cent, to 17,701.69, the S&P 500 lost 6.77 points, or 0.33 per cent, to 2,074.95 and the Nasdaq Composite dropped 16.22 points, or 0.32 [...]
Apple commits to Ireland expansion despite looming EU tax ruling November 11, 2015 Apple has said it is committed to its operations in Ireland regardless of the outcome of an investigation into its tax affairs. “You can tell by our announcement today, we’re all in,” Apple chief executive Tim Cook told Irish national broadcaster RTE after the company announced it was creating 1,000 new jobs in the country [...]
Apple boss Tim Cook isn’t a fan of Microsoft’s new Surface Book November 11, 2015 Apple boss Tim Cook has described the concept of Microsoft’s new Surface Book as “sort of deluded”. Collecting a gold medal award in Dublin as honorary patron of the Trinity College Philosophical Society, he engaged in a Q&A session with students where he also said: My view on the surface is very simple and straightforward. [...]
Small gains on Wall St as rate hike is eyed – New York Report November 10, 2015 Gains in Walt Disney and Amazon.com yesterday were offset by a drop in Apple as investors hunkered down for a potential interest rate hike next month. Still, the Dow Jones industrial average rose 0.16 per cent to finish the day at 17,758.21 points. The Nasdaq Composite dropped 0.24 percent to 5,083.24. Apple’s shares fell 3.15 [...]
After 30 years, Sony finally kills off Betamax November 10, 2015 Apple vs Android may be the big battle of the digital era – but not so long ago, it was all about the showdown between video and Betamax. And after 30 long years, Sony has finally admitted defeat, with the announcement it will kill off the Betamax. In a statement today, Sony said it will [...]
Apple iPad Pro UK release date 2015 and price: When will iPad Pro go on sale and how much will it cost? The new 12.9-inch iPad will launch in 40 countries on Wednesday 11 November November 9, 2015 Apple fans, start your engines: the US tech giant has just announced the launch date of its monster, 12.9-inch iPad Pro. And you've only got a couple of days to wait… In a statement today the company said the iPad Pro will go on sale in stores and be available to order in 40 countries – including [...]
Tech stocks: How does the all-time high of Facebook’s share price compare with Amazon, Twitter, Apple, Microsoft and Yahoo? November 5, 2015 Facebook's value has topped $300bn with shares hitting an all-time high following stellar third quarter results yesterday. The social network posted quarterly earning after the bell on Wednesday, showing sales soared by over 40 per cent and mobile growth boomed in the third quarter. “We had a good quarter and got a lot done,” chief exec Mark [...]
Candy Crush creator King Digital Entertainment sees revenue fall seven per cent in third quarter November 4, 2015 Revenue for King Digital Entertainment has taken a knock for its third quarter results, revealed today, dropping seven per cent to $480m (£312m), compared to $514m for the same period in 2014. The mobile phone games developer highlighted falling sales in its popular Candy Crush franchise as one of the reasons behind the drop in [...]