Amazon accused of using suppliers tied to Chinese forced labour camps March 8, 2022 Amazon is under fire for its supply chain after a new report revealed that the e-commerce giant continues to use suppliers that are tied to forced labour camps in China's Xinjiang region.
Goldman Sachs’ new fintech unit racked up staggering £2.5bn loss since 2020 January 13, 2023 Goldman Sachs’s new fintech unit, Platform Solutions, lost $3bn (£2.5bn) since 2020 according to earnings reports republished by the bank on Friday. Platform Solutions – a new unit housing fintech and many of Goldman’s consumer banking products such as the Apple Card and Greensky – was announced as part of restructuring plans in October. To [...]
Racism, elitism and sexism ‘entrenched’ in English cricket, damning report finds June 27, 2023 Racism is entrenched in English cricket and other forms of discrimination are widespread and deep-rooted, according to a damning report by the Independent Commission for Equity in Cricket (ICEC) published today. Half of more than 4,000 respondents said they experienced discrimination, with women “marginalised and routinely experiencing sexism and misogyny”, and “little to no focus [...]
Musk’s mad superapp-etite: Why his ‘everything app’ might miss the mark July 26, 2023 Another week, another Elon Musk melodrama. In yet another episode of his theatrics, the tech-obsessed billionaire unveiled his latest surprise this week: a dramatic overhaul of Twitter and rebrand of it as ‘X’. Musk said the name ‘Twitter’ “does not make sense” after the original short-messaging ethos with a 140 character limit having been scrapped [...]
Big spenders: Fortnite rakes in $5.1bn from gamer purchases October 26, 2021 Fortnite has been revealed as the most profitable mobile gaming app as its owners continue a bitter legal dispute with Apple. The world’s most popular online game raked in $5.1bn this year from some 300m users who spent an average of $17 each according to new research by KLOC digital solutions. Pokémon trailed in second [...]
Nothing Ear (1) review: Slick but room for improvement April 13, 2023 Nothing Tech sells itself as a cooler, more rebellious and – crucially – cheaper alternative to Apple. Its Nothing (1) smartphone follows 80 per cent of the Cupertino playbook but then mixes it up with a clear back panel that displays the phone’s innards, as well as using a retro dot matrix font in place [...]
Microsoft breached EU rules with ‘possibly abusive’ move bundling Teams with Office suite June 25, 2024 Microsoft violated European Union competition rules with “possibly abusive” practices by tying its Teams messaging and videoconferencing app to its widely used business software, the bloc has said. The European Commission said on Monday that it has informed Microsoft of its preliminary view that the US tech giant has been “restricting competition” by bundling Teams [...]
Dell cuts almost 7,000 jobs as computer sales fall February 6, 2023 Dell has revealed plans to axe five per cent of its global workforce amid failed restructuring efforts and falling consumer demand for computers. “This is a difficult decision that was not made lightly, and we’ll support those impacted as they transition to their next opportunity,” a spokesperson for Dell said. Chief operating officer Jeff Clarke [...]
IG Group launches UK derivatives platform June 11, 2024 IG Group has launched a platform in the UK providing US-listed options and futures trading called Tastytrade.
Chart topper: Audioboom marks maiden profit after true crime podcast boom April 25, 2022 Podcast firm Audioboom has made a maiden profit after success with true crime podcasts and beating its own records for monthly downloads. In final audited results for the year ended 31 December 2021, the London listed firm posted revenue of $60.3m, an increase of 125 per cent on 2020. The firm reported maiden annual net [...]