Apple faces EU probe over Irish tax June 10, 2014 The European Commission is set to launch a probe into technology giant Apple’s tax affairs in Ireland, Irish broadcaster RTE has reported. The investigation is understood to be focused on Ireland, but could also include tax breaks in Luxembourg and the Netherlands. Apple is under close scrutiny after a US Senate committee report claimed that [...]
4 things revealed at E3 2014… other than computer games June 10, 2014 Microsoft and Sony dominated the first day of gaming expo E3 yesterday. While both focused on the dozens of games soon hitting the PS4 and Xbox One (this is a gaming conference after all) some notable non-gaming developments were also unveiled. 1. Cheaper Xbox One Microsoft has unbundled the Xbox One and Kinect [...]
Barclays fears Amazon and Google threaten traditional banks June 10, 2014 Customers will soon use tech firms like Amazon, Google and PayPal instead of banks, Barclays’ chief Antony Jenkins said today, promising to innovate more to compete with digital giants. The sector is already being shaken up by new banks being established, and big firms like Tesco offering current accounts. But Jenkins believes the [...]
Apple’s own app can’t understand its stock split June 9, 2014 Apple has just finished its first stock split since 2005, and it's confusing more than just humans. The company's own stocks app has been baffled, and reports that Apple has a market capitalisation of nearly $3.9 trillion. The tech giant's value is actually closer to $560bn, around a seventh of what users of the iOS [...]
Is Darkcoin set to soar with new hardfork? June 9, 2014 Privacy centred cryptocurrency Darkcoin has had a rough ride over the last few weeks. Darkcoin's last hardfork to implement the masternode payments system – RC2 – did not go as well as the company had hoped. In the world of cryptocurrency's, a hardfork is when the developers make changes to the programming of the coin. [...]
How New York’s using its old food to heat homes June 6, 2014 The Big Apple's upped the ante when it comes to innovative ways to produce energy. New York mayor, Bill de Blasio, is now asking 100,000 households to give up their food waste to heat more than 5,200 homes, reports Bloomberg. The idea is that it’ll be picked up, separate to other household rubbish, and carted [...]
UK’s tech giant avoids growing fears of bubble June 5, 2014 APRIL’S worldwide tech sell-off – which knocked off 3.1 per cent of the Nasdaq index in a single day, its biggest one-day decline since 2011 – was the forerunner to a wider tech stock bubble bursting, an investment bank said yesterday. Berenberg yesterday warned that Samsung’s smartphone growth is peaking, Apple’s success in tablets is [...]
Burberry boss Bailey aims for £10.3m payout June 5, 2014 BURBBERY confirmed yesterday that its new chief executive Christopher Bailey was handed a golden hello in shares worth up to £7.6m that could take his total pay package to over £10m. The luxury brand’s annual report out yesterday revealed that Bailey is receiving a basic salary of £1.1m plus a spending allowance of £440,000 and [...]
How to be more creative at work June 5, 2014 Creativity can be elusive, especially in businesses short on time and under pressure to deliver financially. Albert Einstein gave a pessimistic view when he said that “the secret to creativity is knowing how to hide your sources.” But in an increasingly crowded corporate environment, genuine originality has never been so important. Private equity manager and [...]
City Moves for 04 June 2014 | Who’s switching jobs June 3, 2014 Akur Capital The capital markets advisory firm has announced the appointment of Siobhan Sergeant as head of corporate finance execution. She was most recently at Smith & Williamson, where she was a director in its corporate finance division. Aviva Investors Aviva Investors has appointed Susan Ebenston as chief operating officer. She joins from Westpac Group [...]