EU to toughen up enforcement powers against tech giants September 20, 2020 The EU is said to be preparing new rules to strengthen its executive arm, which would allow it to force companies to break up or sell off their European operations if deemed a threat to competition. The European Commission is currently planning to propose a Digital Services Act by the end of this year, which [...]
Sliding tech stocks weigh on Wall Street August 31, 2021 US stocks slipped today as poor performances among technology heavyweights weighed heavily on Wall Street’s main benchmarks. The tech-heavy Nasdaq slipped 0.10 per cent to 15,250.36 points, led down by losses among Apple, Microsoft and Amazon. The blue-chip S&P 500 and the Dow Jones both inched up, rising 0.02 per cent and 0.08 per cent [...]
Metaversal growing pains – the sky is just the beginning June 5, 2022 Dr Chris Kacher says the 50,000ft view of the prevailing trend suggests the sky is just the beginning for the metaverse.
Jack Dorsey’s Square buys $300m stake in Jay-Z’s streaming firm Tidal March 4, 2021 Mobile payments firm Square has agreed to buy a majority stake in Tidal, the streaming service owned by rapper and producer Jay-Z, for $297m (£212m). Square, which was co-founded by Twitter chief executive Jack Dorsey, said it will pay a mix of cash and stock for the stake, while Jay-Z will join its board of [...]
Post Office draws up plan to share profits with postmasters April 12, 2021 The Post Office is said to be considering plans that would enable postmasters to receive a share of the group’s profits. In a speech to senior executives last week, boss Nick Read said he wants ministers to approve a restructuring of the network that would create a “partnership of equals” by 2025. The plans would [...]
Screenshot: Who will win the summer TV ratings war? July 2, 2021 This week **Media Moment of the Week: Rob Beckett’s Wembley wisdom **Who will win the summer TV ratings war? **Kantar’s boardroom carousel Media Moment of the Week: Rob Beckett’s Wembley wisdom We all had a great time on Tuesday, didn’t we, but arguably no one had a better time than Rob Beckett. Fortunately, the comedian [...]
Amazon hits back at Hammond’s digital tax with high street venture June 2, 2019 Amazon is launching a programme to help digital businesses find success on the high street, with a series of pop-up stores across the UK. The move follows comments from chancellor Philip Hammond that the tech giant and other online behemoths hold a “near-monopoly” over physical stores, contributing to retail's economic downturn. The e-commerce giant will open [...]
Big Tech cashes in on worst day for US economy since Great Depression July 31, 2020 The world’s four largest tech firms yesterday announced blockbuster earnings for three months to June, despite the US economy facing its darkest day since the Great Depression. Facebook, Google, Amazon and Apple, worth more than $5 trillion ($3.81 trillion) in total, smashed expectations as they all posted record profits yesterday. The upbeat results were met [...]
Kanye West, Jeff Bezos and Bill Gates tipped to be next big names in Bitcoin April 9, 2021 Rapper Kanye West has been tipped as the next celebrity to invest heavily into Bitcoin, with one odds maker putting Kim Kardashian’s ex-husband at 2/1 to buy at least $100m of the cryptocurrency.
Weekend chat: Many companies and investors fear greenwashing claims, says sustainability guru February 6, 2022 Increasing biodiversity and expanding nature-based solutions to solve the climate crisis through so-called voluntary carbon markets (VCMs) are currently a hot topic. VCMs, which encompass all transactions of carbon offsets that are not purchased with the intention to surrender into an active regulated carbon market, do include offsets that are purchased with the intent to re-sell [...]