Google unveils new Pixel 4 phone as it looks to take on Apple October 15, 2019 Google has unveiled its new series of Pixel phones with a host of upgraded features as the tech giant looks to challenge the dominance of rival Apple in the smartphone market. Read more: Google Safari lawsuit: iPhone users win appeal to seek £3bn in damages The new Pixel 4 phones, which come in two sizes, [...]
Peloton IPO: At-home exercise firm prices float at $29 per share September 26, 2019 Exercise bike firm Peloton has priced its initial public offering (IPO) at $29 per share to value the company at $8bn (£6.47bn). Peloton priced its float at the top of its $26 to $29 range last night as it looks to raise $1.16bn. Read more: Why Wework’s IPO strategy is not working for investors The [...]
The SEC vs Kik: The clarification crypto has been waiting for? September 25, 2019 Frustrations continue to ricochet through a crypto community yet to receive a clear legal framework that supports innovation of blockchain technology. Though effective, public policy has proven to be a slow pathway for change. In the context of digital tokens, a majority of the community asserts that policy has merely stretched the definition of a [...]
US strikes deal to recover $1bn from fugitive 1MDB financier October 31, 2019 The US Justice Department has struck record a deal to recover $1bn (£773m) of funds allegedly looted from a Malaysian state investment fund by fugitive financier Jho Low. US authorities estimate that around $4.5bn of funds were siphoned from 1Malaysian Development Berhad (1MDB), which was founded in 2009 by then Malaysian prime minister Najib Razak. [...]
Fitbit shares halted on reports of Google takeover bid October 28, 2019 Trading of shares in wearable device maker Fitbit was suspended today following a report that Google owner Alphabet has tabled a takeover bid. The Silicon Valley tech giant has held discussions with Fitbit, although there is no guarantee a deal will be secured, Reuters reported, citing people familiar with the matter. It is unclear how [...]
Facebook launches corporate rebrand amid antitrust concerns November 4, 2019 Facebook has today unveiled a rebrand for the parent company, in an effort to help users understand what apps and companies the tech giant owns and operates following pressure from regulators and politicians. From now on, apps such as Instagram and Whatsapp will show a more prominent “From Facebook” tagline, with a new logo developed [...]
Canada denies wrongdoing during arrest of Huawei finance chief September 24, 2019 There is no evidence that officials acted improperly during the arrest of Huawei chief financial officer Meng Wanzhou, the attorney general of Canada has said. The statement came in a filing made public last night, as Meng and her lawyers appeared in the British Columbia Supreme Court in Vancouver. Read more: Huawei CFO’s arrest to [...]
Cum-ex: The mammoth European financial crime scandal comes to London February 13, 2020 Denmark has a long history of exports across the North Sea. The Vikings, Bacon, Lego, hygge, the Schmeichels, and now, mammoth fraud trials. The Danish taxman is pursuing a $1.9bn (£1.5bn) fraud claim through the UK courts against British businessman Sanjay Shah and more than 70 other individuals and companies. The huge High Court case [...]
Juul raises $325m to fund global expansion of e-cigarette range August 19, 2019 E-cigarette giant Juul has raised $325m (£268m) in an equity and debt offering as it looks to fast track its global expansion amid regulatory pressure in the US. Read more: British American Tobacco boosted by vaping sales Juul did not specify the ratio of equity to debt in the deal, but a source familiar with [...]
Administrators hunt Bell Pottinger partners in bid to claw back ‘excess’ pay October 23, 2019 Former partners at the disgraced PR firm Bell Pottinger have been forced to repay hundreds of thousands of pounds in salaries they earned before the business collapsed. The London-based PR company went into administration in 2017 following a scandal over its work for the billionaire Gupta family in South Africa, where it was accused of [...]