London brought to a standstill as tube strike closes entire network and RMT lock horns with Sadiq Khan March 15, 2023 A strike by London Underground drivers has closed the entire network. Transport for London’s website shows no services are running on any Tube lines. The Docklands Light Railway and Elizabeth line are part-suspended because of the industrial action. Drivers in Aslef and the Rail, Maritime and Transport union (RMT) walked out in a dispute over [...]
Game on: Why Big Tech is betting big on gaming September 14, 2022 When Bill Gates said “content is king” back in 1996, he opened a can of worms that has become increasingly hard to contain. This content obsession has evolved in different ways in the last two decades, with the latest bet from Big Tech being on gaming. While the evolution of video games has been progressing [...]
Does big tech have a blind spot? August 5, 2021 The giants of Big Tech have emerged as the undoubted corporate victors of the past decade. Throughout that period, companies like Amazon, Facebook, and Google dominated the global marketplace, capturing ever-larger market shares and destroying upstart competitors in their way. These firms built impressive businesses, and investors rewarded their achievements with doubly impressive valuations: the [...]
India’s financial crime watchdog looks to fine e-commerce giant Flipkart $1.3bn August 5, 2021 India’s financial crime watchdog is looking to fine Walmart-backed e-commerce giant Flipkart $1.35bn over claimed foreign investment violations, according to reports. The Enforcement Directorate agency has been investigating retail heavyweights like Flipkart and Amazon for allegedly bypassing laws that regulate multi-brand retail and restrict them to operating a marketplace for sellers, Reuters first reported citing [...]
Bezos invests in start up seeking to reverse the ageing process September 6, 2021 Amazon-founder Jeff Bezos has reportedly become the latest ultra rich tech entrepreneur to invest in life-extending technology. Jeff Bezos, worth some $200bn (£145bn), and Yuri Milner, a Russian-born billionaire who made his fortune through Facebook, are backers of Altos Labs according to The MIT Technology Review. Altos is pursuing cell reprogramming, a method of rejuvenating [...]
World’s biggest websites back online after Fastly-linked crash June 8, 2021 A major server issue which saw thousands of news, social media and government websites including Bloomberg and the New York Times crash today has been fixed. The issue was confirmed to be a glitch at US-based cloud computing services provider Fastly, who identified and fixed a major disruption issue. Amazon, CNN, Reddit, the Guardian, the [...]
Internet outage: What is Fastly and how can a glitch bring down the world’s biggest websites? June 8, 2021 The internet was plunged into a temporary blackout this morning as thousands of websites were hit by a global outage. Some of the world’s biggest news sites, including the BBC, Guardian and Financial Times, were hit by the glitch, as well as streaming service Spotify, ecommerce giant Amazon social media platform Reddit and even the [...]
Global online tax on tech giants ‘in our grasp’, says Rishi Sunak March 23, 2021 Rishi Sunak has today said a global online tax on internet giants like Amazon and Facebook is “in our grasp”. Sunak said he was “very keen to see a resolution” on the issue, with the chancellor making it one of his top three priorities in G7 meetings this year that are hosted by the UK. [...]
Bitcoin ETF may have driven hype and price – but is it for you? November 8, 2021 Bitcoin ETFs are, according to Crypto AM columnist Nigel Green, an important milestone in the mass adoption of Bitcoin and other cryptocurrencies - but are they for you?
Decentralized finance surpasses 3 million users ahead of major Ethereum upgrade August 2, 2021 CryptoCompare’s data shows that the price of Bitcoin (BTC) went sideways throughout the week, starting at around $38,000 and dropping to a $36,000 low before surging and testing the resistance at $42,000, which it failed to break through. Ethereum’s ether, the second-largest cryptocurrency by market capitalization, moved in a similar way throughout the week, from [...]