DEBATE: Would Rory Stewart be a good Prime Minister to lead the UK through Brexit? June 18, 2019 Would Rory Stewart be a good Prime Minister to lead the UK through Brexit? Olivia Utley, deputy editor at TheArticle, says YES. To make a success of Brexit at this late stage in the game, our new Prime Minister will have to do more than negotiate a good deal with the EU. He must – [...]
Apple vows to be more open about iPhone performance after consumer law concerns May 22, 2019 Apple has pledged to be more transparent about the battery health and performance of its iPhones, the competition watchdog said today. The Competition and Markets Authority (CMA) said the US tech firm has vowed to be “clearer and more upfront” with iPhone users following concerns it might be breaching consumer law. Read more: Former Apple [...]
Apple says Spotify exaggerated user fee claims June 25, 2019 Apple has responded to a complaint by Spotify to the EU commission, stating it only collects a fee on less than one per cent of the music streaming platform’s userbase. Apple said in a filing Spotify pays a 15 per cent fee on about 680,000 of its 100m premium customers. It follows a complaint by [...]
Oil prices fall two per cent on fears of escalating US-China trade war May 29, 2019 Oil prices fell this morning, losing around two per cent of their value and dipping below the $70 per barrel line as worries over the US-China trade war spooked investors. International standard Brent Crude dropped around two per cent to $68.74 at just before midday after reaching day-lows of $68.47 per cent earlier. Read more: [...]
Shareholders sue Alphabet board over allegations it was complicit in covering up sexual misconduct claims January 11, 2019 Shareholders have filed lawsuits against Google parent company Alphabet over allegations that the company covered up claims of sexual misconduct against top executives. In two lawsuits filed this week, investors claimed that Alphabet's board failed in its duties by not tackling harassment within the company, approving large payouts and acting to conceal allegations, according to Reuters. [...]
Barclays boosts first-half profit 82 per cent to £3bn August 1, 2019 Barclays today posted first-half profit before tax of £3bn, an 82 per cent increase on the same period last year. Total income fell one per cent to £10.8bn. Return on tangible equity was 9.4 per cent, down from 11.6 per cent in the first half of 2018. The bank said it was targeting return of [...]
Boeing software update and training tweaks ‘operationally suitable’, says FAA April 17, 2019 A review of Boeing’s grounded 737 Max plane by the US aviation regulator has ruled that a planned software update and pilot training tweaks are “operationally suitable”. Read more: Boeing faces shareholder lawsuit over 737 Max crashes The decision marks an important milestone in getting the firm’s best-selling plane back in the air after authorities [...]
Investors launch class action against Apple over ‘concealed’ iPhone demand slump April 18, 2019 Apple has been accused of securities fraud for allegedly concealing a slump in iPhone demand, which sparked a $74bn (£57bn) slide in the tech giant’s market value. Investors that bought Apple stock in the two months before chief executive Tim Cook reduced the company’s quarterly revenue forecast by as much as $9bn in January have [...]
Apple to resume selling older iPhone models in Germany after Qualcomm dispute February 14, 2019 Apple is to resume sales of its older iPhone models in Germany, but only with chips from Qualcomm as part of a long-running patent dispute. The tech giant had to pull some iPhone models out of the country last year in order to comply with a lawsuit won by Qualcomm, which argued Apple had infringed [...]
Burford Capital goes to High Court to demand identities of traders who tanked its stock September 30, 2019 Litigation funder Burford Capital today said it had been the victim of market manipulation and said it had gone to court to get the London Stock Exchange (LSE) to disclose the identities of those involved. Burford’s shares tanked in value last month in response to a short attack by activist fund Muddy Waters. Read more: [...]