Nike partially refunds FuelBand customers to settle lawsuit alleging wristband claims are inaccurate July 28, 2015 Nike will give partial refunds to customers who bought its FuelBand fitness tracker in the past three-and-half years, settling a lawsuit which alleged the device was inaccurate. The wristband, which costs around £100 in the UK, was designed in collaboration with Apple to keep track of a users' sleep patterns, calories burned and steps taken, [...]
Lord Sewel bows to pressure and quits House of Lords amid sex and drugs allegations July 28, 2015 Lord Sewel of Gilcomstoun has bowed to pressure and stepped down from the House of Lords after allegedly taking cocaine with a pair of £200-a-night sex workers at his apartment in Dolphin Square, in Pimlico. In an expose by the Sun on Sunday this weekend, the paper alleged it had filmed him reclining and smoking [...]
Elon Musk, Stephen Hawking and Steve Wozniak call for ban on killer robots warning “the stakes are high” July 28, 2015 As far as we're aware, the Terminator was never brought to a halt by a petition. But that hasn't stopped more than 1,000 high profile artificial intelligence experts attempting pretty much that. Tesla’s Elon Musk, Apple co-founder Steve Wozniak, Google DeepMind chief executive Demis Hassabis and professor Stephen Hawking are among those to have [...]
David Cameron looks to City for new business advisory group with bosses from BP, EasyJet and Santander July 27, 2015 Prime Minister David Cameron has appointed a new slate of 19 City leaders to his business advisory group, including more than a dozen chief executives of UK blue chips. The chief executives of BP, Legal & General, EasyJet, Land Securities, the London Stock Exchange Group, Persimmon, Asda, ARM, Severn Trent and Rolls Royce all [...]
A robot might steal your job, but it can never take your humanity July 26, 2015 The benefits of using robots in the workplace are abundantly clear. Companies with a robot workforce would be able to operate 24/7 without paying staff, would have an attendance rate of 100 per cent, and would have access to pre-programmed employees who would never make mistakes – and all for a one-off payment. No more [...]
Bashing buy-to-let landlords will push up rents and hit the UK economy hard July 23, 2015 Buy-to-let landlords have a huge advantage in the market as they can offset their mortgage interest payments against their income, whereas homebuyers cannot.” That’s how the chancellor explained his decision in the Budget to require that landlords, unlike other businesses, effectively pay tax on their borrowings – their buy-to-let mortgage. But the chancellor has made [...]
Pandora share price spikes as advertising money gives revenue 30pc jump July 23, 2015 The figures Pandora saw both sales and earnings soar past estimates, with its revenue growing by 30 per cent year-on-year to $285.6m. The Internet radio service announced earnings per share that were over double analysts’ expectations at $0.05 against the forecast $0.02. Shares in the company lept after the report, trading over 6 per cent [...]
HMRC targeting “app economy” in crackdown on tax evaders July 23, 2015 HMRC wants to extend its data-gathering powers to be able to access data from Google and Apple app stores. The state tax collector wants to tackle tax evasion in the “app economy” using data from app stores and online platforms as it believes that this will provide information on digital businesses that have not declared [...]
Apple share price shockwave put markets on edge as tech company stocks tumbled July 22, 2015 Technology stocks across the globe fell like dominoes yesterday, feeling the aftershock from Apple’s tumbling share price. The California-based smartphone giant dropped by more than seven per cent in pre-market trading after releasing its results for the third quarter, and its shares lost another four per cent of their value throughout yesterday. US [...]
FTSE decreases after miners fall down a hole – London Report July 22, 2015 BRITAIN’S top share index yesterday dropped to its lowest level in more than a week after a poorly received earnings report from Apple hit tech stocks and weaker metals prices and an update from BHP Billiton dragged down miners. The FTSE 100 index closed 1.5 per cent weaker at 6,667.34 points after falling earlier to [...]