‘Robots will take our jobs’: Eigen boss Lewis Liu on the future of the City worker January 26, 2021 It’s very rare a chief executive will say their work will lead to mass job cuts, not least one of an artificial intelligence firm. But Eigen Technologies’ Lewis Liu is not like your everyday boss. He is surprisingly frank in an industry that does an impressive job of spinning mass job cuts. “I’m not going [...]
Entertainment sales hit £7.8bn as streaming growth continues March 6, 2020 Sales of video, music and games grew 2.4 per cent last year to hit an all-time record of £7.8bn, according to figures published today. The Entertainment Retailers Association (ERA) said the rising sales, which mark the seventh consecutive year of growth, was once again driven by the popularity of digital streaming. In 2019 streaming accounted [...]
London tech firms return to hiring after lockdown September 8, 2020 London has retained its status as Europe’s tech hub even after the disruption of the pandemic as companies return to hiring after months of lockdown. The technology sector is one of the capital’s biggest employers with more than a fifth of London’s workforce employed in digital tech. Jobs in the sector have grown 40 per [...]
Deutsche Bank signs multi-year strategic deal with Google July 7, 2020 Deutsche Bank has today agreed a 10-year strategic partnership with Google that will see the tech giant overhaul the bank’s outdated back-end technology. Google beat out bids from Microsoft and Amazon among others for the deal, which will give Deutsche access to cloud services and drive fintech innovation between the two companies. The deal is [...]
Deutsche Bank taps US tech giants to help with overhaul efforts February 11, 2020 Deutsche Bank has reportedly invited bids from Google, Microsoft and Amazon to overhaul its outdated technology networks as part of a wider turnaround effort by the German lender. Deutsche approached the US tech giants as part of a €13bn (£11bn) technology investment it has planned up to 2022 as it seeks to recover from years [...]
Will 2021 be the FTSE 100’s year? December 21, 2020 The FTSE 100 has been playing catch-up for most of this year. After the historic market crash in the spring, the UK’s main stock index – which lacks glittery tech names – has lagged behind. The US’s S&P 500 climbed about 12 per cent from the start of the year to 1 December, while Germany’s [...]
Lockdown books December 21, 2020 The aftermath of the global financial crash of 2008 uncovered some unpalatable facts. First, it showed how national governments were hellbent on bailing out the private banks with public money. At the same time the little man was totally ignored and left to his own devices; to sink or swim with the former being the [...]
Big tech firms like Google, Amazon and Facebook spent a record amount on political lobbying last year January 24, 2019 Google, Amazon and Facebook's bill for lobbying the US government hit record highs last year, as life under the Trump administration put big tech firms in the spotlight. Google parent firm Alphabet said it spent $21.2m (£16.3m) on political lobbying costs in the US last year, topping its previous all-time high of $18.2m achieved in 2012. It [...]
‘Cultural relevance’ is the key to brands connecting with Generation Z sport fans October 28, 2020 ‘Cultural relevance’ is a phrase increasingly being discussed in boardrooms of brands and advertising agencies across the world. As reaching Gen Z becomes more important every year, the need to go beyond traditional marketing and connect with the values and beliefs of this audience is now vital. At Ear to the Ground, we know that [...]
Fresh calls for guarantees on digital taxation in future UK-US trade deal July 2, 2020 One of America’s largest internet advocacy groups has published a six-point wish list for a future UK-US trade deal, including calls for no unilateral digital taxes. The Internet Association’s new white paper calls for a future trade deal to include provisions to ensure the free flow of information between the two countries, a guarantee to [...]