Londoners spark online shopping revolution during lockdown July 22, 2020 Londoners have catalysed an online shopping revolution, according to new research, after shoppers in the capital contributed the biggest spike in online sales in the UK during the Covid-19 pandemic. A new report by packaging firm DS Smith showed that 62 per cent of 2,000 Londoners surveyed increased their online shopping habits during lockdown, helping [...]
Facebook flags Trump post on mail-in voting July 21, 2020 Facebook today placed a so-called voting info disclaimer on US President Donald Trump’s post on mail-in voting, following criticism of the social network’s relaxed approach to regulating the President’s content. “Mail-In Voting, unless changed by the courts, will lead to the most CORRUPT ELECTION in our Nation’s History! #RIGGEDELECTION,” Trump wrote in the post. Nearly [...]
Linkedin to cut 960 jobs in pandemic restructuring July 21, 2020 Linkedin is to cut around 960 jobs, or six per cent of its workforce, as it struggles to maintain demand for its products during the pandemic. The Microsoft-owned professional social network helps workers find new roles and recruiters source fresh talent. The impact of the coronavirus pandemic on global employment has left Linkedin with falling [...]
Effective and efficient capital markets in an increasingly digitised world July 21, 2020 The past few months have seen a real shift in the way we are all living and working. Many of the previously accepted ways of doing things are suddenly no more, and the appetite for doing things differently and embracing new modus operandi is now rife, globally. We are witnessing a real paradigm shift, and [...]
IBM earnings beat estimates on cloud strength July 20, 2020 IBM posted quarterly revenue and profit above analysts’ estimates today, riding on the strength of its high-margin cloud computing business. IBM has jettisoned some of its legacy business to focus on cloud computing, an area that has seen a lot of action in recent years as companies ramp up their digital shift to control costs [...]
‘A day in the life’ of a Chief Investment Officer- Jeff Dorman- Arca TALKS exclusively to BEQUANT July 20, 2020 Jeff Dorman, CFA is a Co-founder and Chief Investment Officer at Arca–an innovative digital asset investment company that combines traditional finance with blockchain technology to offer SEC-registered, 40-Act and hedge fund investment products to institutional and retail investors. Jeff spoke exclusively to BEQUANT, discussing a day in his life post covid-19, how a typical day at [...]
Ebay to sell classified ads unit to Adevinta for nearly $9bn July 20, 2020 Norwegian group Adevinta has won the auction to buy US e-commerce firm Ebay’s classified-ads unit for nearly $9bn, a source familiar with the matter told Reuters today. Ebay intends to keep a minority stake in the business following the close of the deal, the source said. Activist investors Elliott Management and Starboard Value had been pushing Ebay to sell [...]
Global banks ‘scrutinise Hong Kong clients for pro-democracy ties’ July 20, 2020 Global banks are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, sources have warned Six people with knowledge of the matter said banks are scrutinising clients in an attempt to avoid getting caught in the crosshairs of China’s new national security law. Bankers at Credit Suisse Group AG (CSGN.S), [...]
Deloitte: Big UK businesses fear late 2021 recovery July 20, 2020 Nearly half of Britain’s biggest companies think it will take until the second half of 2021 to post a recovery from the coronavirus pandemic, according to a survey that cast doubt on hopes for a speedier rebound. Accountants Deloitte said 49 per cent of chief financial officers from large and mostly listed companies forecast a [...]
DEBATE: Is employee experience with IT the key factor for a productive post-pandemic workforce? July 17, 2020 Is employee experience with IT the key factor for a productive post-pandemic workforce? Pedro Bados, chief executive and co-founder of Nexthink, says YES. Employees’ working experiences have historically been measured through three key elements: people, place, and technology. Recent months have turned this dynamic on its head. With workers across the country sent home from [...]