Financial services sector must prepare as tech giants set to shake up the industry, FSB warns February 14, 2019 The financial services sector must prepare for both the benefits and risks of tech giants shaking up the industry, the global finance regulator has warned. The Financial Stability Board said that tech giants, such as Google, Amazon, Facebook and Apple, were muscling into the financial services sector and predicted that expansion to continue. Read more: [...]
Spending advice for the chancellor September 19, 2019 With the ongoing constitutional soap opera unfolding in Westminster, it’s hardly surprising that the Spending Round announcement from Sajid Javid didn’t make many headlines earlier this month. With parliament suspended until mid-October, there is some breathing space and time to reflect on the critical role that the Treasury will play in creating an environment where [...]
Fitness advice: How to improve your sleep routine November 15, 2019 The temperature is dropping, the sunshine is vanishing and it’s dark by the time you’ve left the office. Now more than ever it’s important to make sure you’re getting a good night’s sleep, as gloomy weather, limited daylight and seasonal illnesses all conspire to take advantage of your weakened defences. And poor sleep can cause [...]
Tech giants criticised for lack of transparency over political lobbying November 26, 2018 Tech behemoths Amazon, Facebook and Google are among the worst companies for failing to offer transparency over their political lobbying efforts, according to Transparency International UK. The organisation's report into corporate political engagement, published today, included assessments of UK companies’ political contributions and lobbying, as well as the so-called revolving door between corporations and politics. Transparency [...]
Facebook co-founder joins chorus of voices to break up the company May 9, 2019 Facebook co-founder Chris Hughes has echoed calls to break up the social media giant amid a rise in anti-trust and data privacy concerns surrounding big tech. Hughes, a former roommate of chief executive Mark Zuckerberg, called his power "unprecedented and un-American" in an opinion piece for the New York Times. "We are a nation with [...]
Facebookers prepare to take the bus as National Express buys Californian shuttle stake April 12, 2019 The National Express Group has bought a majority stake in Californian shuttle service, WeDriveU, for $84.3m (£64.5m). The transport operator has purchased a 60 per cent share in the American company, which drives workers around Silicon Valley to their jobs at firms like Facebook, Tesla and Amazon. Read more: Indian airline Jet Airways grounds international flights [...]
Sadiq Khan interview: The London mayor talks tech tax, Brexit, Labour and Uber January 30, 2020 There can be no doubt that last year’s General Election redrew Britain’s political landscape. But for an example of just how different things have become, consider that next week a Labour mayor of London will warn a Tory chancellor against imposing new taxes on multinational tech giants. Sadiq Khan tells me he enjoys a good [...]
Coronavirus: ITV shares fall as travel firms pull advertising March 5, 2020 Coronavirus has hurt 2020 demand for ITV advertising as travel operators stopped booking ads with the broadcaster, but it has posted better than expected earnings for 2019. MGM and Universal’s decision yesterday to delay the release of the next James Bond movie, No Time To Die, from April to November due to the coronavirus outbreak, [...]
Let Jeff Bezos be a lesson: Have a plan for if your marriage ends January 14, 2019 Amazon chief Jeff Bezos and his wife MacKenzie have announced that their marriage is ending, likely leading to the largest divorce settlement in history. Though the couple has asserted that their separation will be amicable, the divorce proceedings could still be complex, highlighting the risks to entrepreneurs when marriages end. The law in Washington State, [...]
Comcast beats profit estimates but streaming rivals eat into revenue April 25, 2019 US media giant Comcast has beaten Wall Street estimates to post strong first-quarter profit, but fell short on revenue. The figures Comcast posted a 17.9 per cent increase in revenues to $26.9bn (£21bn). Net profit rose 14 per cent to $3.6bn. Adjusted earnings before interest, tax, depreciation and amortisation increased 18.1 per cent to $8.6bn. [...]