Pentagon drops Trump’s $10bn deal with Microsoft after Amazon challenge July 7, 2021 The U.S. Defense Department cancelled a $10bn JEDI cloud-computing project late last night, pulling the Trump-era award to Microsoft while announcing a new contract that pits the big software firm against rival Amazon. Watch the full report.
City A.M. TV: A market snapshot (video) July 2, 2021 US markets have continued their grind higher this week with the S&P500 eking out gains on all four trading sessions so far. Across the globe, though, the strength in other equity markets has been less marked: In the Euro zone most equity markets have traded sideways or even lower over the course of June; in [...]
100 years on: How China’s Communist Party came to dominate tomorrow’s superpower July 1, 2021 The Communist Party of China (CCP) was founded in 1921, holding its first congress in Shanghai, with the help of the Communist Party of the Soviet Union, during a turbulent period after the country had a decade earlier cast off 2,000 years of dynastic rule. Here’s how the CCP came to dominate the world’s most [...]
Didi gets a flat: Market debut runs out of steam after $80bn turbo-charged IPO July 1, 2021 Chinese ride-hailing app Didi had a market debut that ran out of steam after the company temporarily soared to a market value of $80bn in its first day of trading on the New York Stock Exchange. Watch the full report.
Londoner on furlough finds fortune in the Thames June 30, 2021 Furloughed from her job and confined to London by coronavirus lockdowns, Flora Blathwayt founded a business based on rubbish she retrieves from the muddy banks of the River Thames. Watch the full report.
Dining: Items disappear from UK menus as supply chain disruption wreaks havoc June 30, 2021 From ketchup packets to paper bags to chicken wings, a global supply chain disruption is wreaking havoc on the dining industry, which means some items may temporarily be off the menu this summer. Watch the full report.
Putin’s annual press conference: No World War 3 if UK navy ship had sunk June 30, 2021 Russian President Vladimir Putin’s massive annual question-and-answer session with members of the public took place earlier today. Responding to one question, Putin downplayed the idea that the confrontation between Russian forces and a British navy warship last week could have sparked World War Three, even if the situation had turned out differently. Watch the full [...]
Google cracks down on financial fraud and scams in UK June 30, 2021 Google says it will clamp down on financial fraud on its platforms in the UK, but the country’s watchdog says legislation will be needed to really tackle the problem. Watch the full report.
Hong Kong’s National Security Law one year on: Pockets of activism still exist June 30, 2021 It’s been a year since Beijing implemented a sweeping national security law in Hong Kong, aiming to crack down on months of pro-democracy protests. Pockets of activism still exist in the city today, with people regrouping behind an invisible front line that is harder to disrupt with tear gas and rubber bullets. Watch the full [...]
It’s all over: Softbank pulls plug on Pepper the robot, sources say June 30, 2021 SoftBank Group is slashing jobs at its global robotics business and has stopped producing its Pepper robot, according to sources and documents reviewed. Watch the full report.