South Korea’s prosecutors are seeking a warrant to arrest Samsung’s chief executive January 16, 2017 The chief executive of Samsung has been accused of bribing a friend of President Park Geun-hye, and today South Korea's special prosecutor's office said it is seeking a warrant to his arrest. Jay Y. Lee was questioned for 22 hours last week as prosecutors looked into a corruption scandal that revolved around Choi Soon-sil, a friend of the [...]
Here’s some of the best (and weirdest) new technology from CES 2017 January 11, 2017 Audio The Doppler Labs Here One wireless earphones returned to CES this year. A more practical alternative to the rather silly Apple AirPods, they’re controlled with an app via Bluetooth and can bionically enhance your hearing in a given direction or block out external sounds, as well as the usual music playback features. If you’re [...]
Artificial intelligence and robots are one of the biggest technological risks to the world January 11, 2017 Artificial intelligence and robotics are one of the biggest potential risks to humankind of emerging technologies, according to a new report from the World Economic Forum. But, the development of such technology, which is expected to disrupt everything from the world of work to geopolitics, could also conversely bring the biggest benefits to the world. [...]
10 years on: How the iPhone changed the world January 9, 2017 The iPhone got off to a subdued start when it was first unveiled by Steve Jobs 10 years ago Today. The decade anniversary of the device feels short and at the same time a lifetime. On 9 January 2007, we had no idea how the pocket sized computer would change our lives and business as [...]
John Lewis cashed in ahead of the subdued Christmas period January 4, 2017 John Lewis cashed in in the lead-up to Christmas, before families deserted festive shopping on the high street for feasting at the dinner table. For the week starting 19 December, the department store made sales totaling £175.6m. Christmas Day and Boxing Day – when most John Lewis shops are shut – took place during the comparative week in [...]
13 events that will change the world in 2017: Article 50, Snapchat’s IPO, more Libor trials and a vote on Heathrow January 3, 2017 2017 looks like it's going to be a busy one: we're looking ahead to some of the key business and political events already pencilled in for this year's calendar. 1. Supreme court to rule on Article 50 The Supreme Court is due to deliver its ruling on Gina Miller's case this month (Source: Getty) The Supreme [...]
From Southern rail’s backfiring poster to Google’s April Fool prank gone wrong: Six of the most memorable business blunders of 2016 January 1, 2017 2016 has been an interesting year to say the least. There has of course been a plethora of notable political events over the past 12 months, but there’s also been plenty going on in the business world. With that in mind, here are some of the most memorable company clangers from over the year – from [...]
Blackberry ups full-year forecast despite revenue fall and growing losses December 20, 2016 Declining revenue at former phone-maker Blackberry continued in the latest quarter, but the former star tech company has increased its full-year forecast. Sales fell to $289m in the third quarter to the end of November. That was down 47 per cent on the same period last year and 13 per cent on the previous quarter as [...]
Apple bought 9 startups in 2016. Here’s what they do December 8, 2016 Apple buys a lot of companies, but it doesn't talk much about them, making it hard to keep track. So we put together nine of its acquisitions reported this year. This list is not exhaustive, we know for sure some purchases have never been revealed. As expected, artificial intelligence companies remain the dominant category, but [...]
Top tech firms have formed a virtual reality supergroup December 8, 2016 Several of the biggest names in technology are joining forces to push forward innovation in the burgeoning world of virtual reality. Facebook, Google and Samsung are among the top tech companies to form the Global Virtual Reality Association (GVRA), tasked with promoting the global growth of the industry, which is expected to be worth $162bn by [...]