Fraud with Problems: Ravelin boss Martin Sweeney talks Hailo, fake credit cards and machine learning May 23, 2016 "There’s a real tension at the heart of fraud detection: if you want to stop online fraud, just switch everything off.” Martin Sweeney is, of course, being facetious. But fraud, he impresses, has become an accepted fact of the on-demand economy. “We as consumers are accepting that most of the things we buy have a premium [...]
Is economic growth stimulated by tech platforms? Amazon’s UK boss believes so March 24, 2015 Thirty years after the first dot com website was registered, one of the most exciting developments in the internet revolution is the way technology platforms are enabling entrepreneurs of every type and size. Technology platforms are all around us. Retail platforms like Amazon Marketplace, eBay and Not on the High Street enable brands and sellers [...]
Amazon moves drone testing to Canada after US takes too long to grant licence March 30, 2015 Tech giant Amazon appears to have followed through on its threat to move futuristic drone testing out of the US, after complaining of excessive red tape. The company is testing drones just across the border in Canada. It plans on using the unmanned flying machines to deliver goods ordered through its website. Just last week, Amazon [...]
Olympic controversy and Zika outbreaks have done nothing to dampen Rio de Janeiro’s party atmosphere June 1, 2016 In what is surely a daily occurrence in Brazil, a bunch of transfixed foreigners sat speechless ogling a local. “Wesley, she looks friendly, get out of the van and walk up to her,’’ suggested our Iguassu Falls host Juliana. “I have two daughters, I’m not going anywhere near her,’’ Wesley replied. Juliana, let me confirm, [...]
Amazon bounces back and beats expectations January 29, 2015 Amazon has reported its fourth quarter earnings and beate analysts' expectations by a handsome margin. Revenue rose 15 per cent to $29.3bn Amazon was forecast to report sales of $29.67bn, 16 per cent up year-on-year. However, earnings per share obliterated forecasts came in at 45 cents rather then the expected 18 cents. Operating expenses rose [...]
Amazon sales up at year end January 29, 2015 ONLINE retailer Amazon saw income drop to $214m (£142m) in the fourth quarter of 2014, from $239m in 2013, despite sales increasing by 15 per cent to $29.33bn. Sales are expected to be lower in the first quarter of 2015, at between $20.9bn and $22.9bn, and the firm said it could make a loss of [...]
Cain Hoy partners with China’s largest property company Vanke for £750m Shoreditch project November 5, 2015 China's largest property company has made its first foray into the European market after partnering on the £750m redevelopment of a Shoreditch site where Shakespeare’s Curtain Theatre once stood. Vanke has taken a 21 per cent stake in The Stage, joining a consortium of investors headed by US private equity firm Cain Hoy and joint venture partners MG Partners, Galliard Homes and Investec Property Finance. The [...]
Neighbourhood drones, virtual reality tours and holograms: Here are five ways we will be buying property by 2025 March 8, 2016 Dashing across town to visit a property for sale after work? According to trend analysts, The Future Laboratory, the days of paying a physical visit will be long gone by 2025 and replaced by virtual reality devices such a holograms instead. The report, commissioned by online estate agent easyProperty, has predicted several ways that buying, selling and redecorating [...]
Leonardo DiCaprio attacks the “corporate greed” of oil companies at the World Economic Forum awards in Davos January 19, 2016 Leonardo DiCaprio this evening won an award from the World Economic Forum for his leadership in tackling the climate crisis and used his speech to attack energy companies. He said to the audience in Davos: We simply cannot afford to allow the corporate greed of the coal, oil and gas industries to determine the future of humanity. "Those entities with a financial [...]
Small gains on Wall St as rate hike is eyed – New York Report November 10, 2015 Gains in Walt Disney and Amazon.com yesterday were offset by a drop in Apple as investors hunkered down for a potential interest rate hike next month. Still, the Dow Jones industrial average rose 0.16 per cent to finish the day at 17,758.21 points. The Nasdaq Composite dropped 0.24 percent to 5,083.24. Apple’s shares fell 3.15 [...]