Cryptocurrency pioneer pays $4.57m for lunch with Warren Buffett June 4, 2019 Cryptocurrency pioneer Justin Sun has bid a record $4.57m (£3.6m) to have lunch with Berkshire Hathaway’ Warren Buffett, a longtime critic of cryptocurrencies. Read more: Bitcoin hits 10-month high after strong start to 2019 The 28-year old submitted the winning bid during a five-day online charity auction on eBay which ended on Friday. Previous winners [...]
DEBATE: Should shut down Deliveroo’s delivery-only kitchens? June 12, 2019 Are local councils right to shut down delivery-only kitchens operated by Deliveroo? One such “dark kitchen” is under investigation in Swiss Cottage. Paula Higgins, chief executive of the HomeOwners Alliance, says YES. If councils find that Deliveroo is operating illegally in particular locations and bypassing planning rules, they are right to shut down these so-called [...]
Global video-on-demand subscriptions set to near 1bn by 2024 June 3, 2019 Global subscriptions of on-demand video platforms are set to surge towards 1bn over the next five years, new figures have revealed. The total number of subscriptions will soar 86 per cent from 439m last year to 947m in 2024, according to London-based firm Digital TV Research. Read more: Live TV still holds top spot despite [...]
Easyjet and Marks and Spencer candidates for relegation in FTSE reshuffle June 2, 2019 Easyjet looks set to be the next company to fall out of the FTSE 100, with several others, including Marks and Spencer, nervously eyeing the drop ahead of the blue chip list’s reshuffle on Wednesday. The budget carrier has faced a turbulent time, which has pushed shares down 22 per cent in the last six [...]
Amazon is launching a shipping company to compete with UPS and FedEx February 9, 2018 Online retail giant Amazon is branching out and launching a shipping business, placing it in direct competition with the likes of UPS and FedEx. According to the Wall Street Journal, Shipping with Amazon (SWA) will pick up packages from businesses and ship them to consumers. The group is expected to roll out the new delivery [...]
The ‘big tech’ backlash: How sustainable is the success of Google, Facebook and Amazon? February 22, 2018 In recent months it has felt like the tide is turning against big tech. Google has been fined for market abuse in the EU. Silicon Valley heads have been hauled in front of the US Senate and the UK Parliament to answer for the abuse of their platforms by extremists and Russian saboteurs. The repeal of [...]
Results are in, now businesses across the City must level up to boost social mobility August 19, 2019 Last week saw pupils across the UK celebrate their A-level results. A lot of hard work and dedication goes into preparing for these exams – not only from the pupils themselves, but also from teachers, support staff, school governors, and parents. The City of London Corporation, which manages 10 high-performing academies across London’s boroughs, was [...]
Israeli security firm NSO denies Whatsapp spyware can hack data from Google Cloud, iCloud and Facebook July 19, 2019 Israeli cyber security company NSO has denied telling customers that its Whatsapp-hacking spyware is capable of hacking people’s data from the servers of Apple, Google, Facebook, Amazon and Microsoft. NSO’s smartphone malware, named Pegasus, has been used by governments for a number of years to spy on specific individuals and how they use their smartphones, [...]
Apple reclaims its title as the world’s most valuable public company February 5, 2019 Apple has taken back its crown at the top of the tech heap, becoming the world's most valuable public company for a second time after losing the title last year. Boosted by a small 1.7 per cent share price rise as markets opened this afternoon, Apple's market capitalisation rose to $820.8bn (£633.1bn), up from hitting [...]
Has WeWork destroyed SoftBank’s credibility? November 13, 2019 By John Colley at Warwick Business School Why is Japanese investment firm SoftBank investing a further $8 billion into WeWork, even though the office rental company is now valued at just $8 billion, and buying out founder Adam Neumann at a further cost of $1.7 billion? Forgetting SoftBank’s previous sunk investments in WeWork – which [...]