One in five digital transformation projects fails as tech knowledge falls short June 2, 2019 One in five businesses has launched an unsuccessful digital transformation project, new research has revealed, as companies fail to get to grips with new technology. Figures published by digital services firm Econocom showed a sharp increase in the number of businesses undergoing digital transformation, but revealed 20 per cent are doomed to fail. Read more: [...]
The best (and weirdest) new gadgets from CES 2020 January 9, 2020 As difficult as it is to believe, 2019 has actually ended, slinking out of time’s backdoor like a scolded cat and into the history books under a chapter titled ‘Bloopers and Outtakes’. Of course, the annual changing of the calendar guards heralds many things – reflection, resolution, vegan steak bakes – but it’s also a [...]
Facebook cryptocurrency libra could pose regulatory problems, Bank of England deputy governor warns June 20, 2019 Facebook’s plans to launch a new global cryptocurrency called Libra could raise regulatory issues, Bank of England deputy governor Sam Woods warned. “It does seem clear that something like this could be very important from a regulatory point of view,” Woods told a financial conference in Brussels. Read more: Is Facebook’s libra a step towards [...]
Uber has applied for an e-money licence in the Netherlands to streamline European payments March 27, 2018 Uber has submitted an application for an e-money licence in the Netherlands, where its international headquarters is based, to streamline its payment process. A spokesperson for the ride-hailing company said the firm is “constantly expanding the range of products we offer and improving the experience for those who use our apps”. The payments processing licence [...]
Daimler shares sink after third profit warning this year June 24, 2019 Daimler’s share price fell more than three per cent this morning after issuing a third profit warning this financial year. The Mercedes-Benz manufacturer warned investors that investigations into diesel vehicles is likely to hit profits by a “high three-digit million euro amount”. Read more: Daimler shares slide as it warns of difficulties The car maker [...]
Stamp duty contortions and eco-warriors with private jets? Welcome to silly season August 21, 2019 August is traditionally the silly season. Brexit makes this year slightly different, of course, but it is good to see a fine British tradition still being preserved. Silly stories abound. Sajid Javid was linked (erroneously, he now claims) with the idea of fixing the housing market by making sellers pay the stamp duty rather than the [...]
Picture perfect: Pinterest confidentially files for IPO in the latest up and coming tech float February 22, 2019 Pinterest has reportedly filed for an initial public offering (IPO), as Silicon Valley gears up for a busy year of tech startup listings. The online image search platform, known for the food and fashion photos its users post, is planning for a late-June listing and is seeking a valuation of at least $12bn, it is reported. Read [...]
Unsung heroes: How migrants power our economy and transform lives back home September 17, 2019 With all the debate over Britain’s post-Brexit immigration policy, its relationship with other nations, and its place on the world stage as a supporter of global development, it is worth going back to basics and reminding ourselves of what exactly our migrants contribute, to both the UK and the world. Because make no mistake, ambitious [...]
The We Company confidentially files to go public April 29, 2019 The We Company, the firm behind office sharing giant Wework, has confidentially filed to go public. The firm said today it had amended documentation to an earlier filing with the Securities and Exchange Commission in December last year. No financial information was revealed in the filing, though the We Company was reported in March to have made [...]
Reality is finally catching up with overblown Silicon Valley rhetoric September 26, 2019 Rhetoric, the art of persuasion, was the backbone of a classical education. Today the term is more often pejorative: rhetoric is found wherever reality isn’t. No fantasy, however, can be long sustained. If rhetoric is to deliver its original purpose and persuade, it cannot escape reality for long. So Silicon Valley is discovering. For over [...]