Zoom suspends China sales in partial market retraction August 3, 2020 Zoom is to stop selling new or upgraded products directly to customers in China, as it transitions towards a partner-only model in the region. Local Zoom customers were told today that a selection of third-party suppliers will now handle Zoom sales and some operations in China, listing a number of authorised partners that will now [...]
Nobel Peace Prize winner John Hume dies aged 83 August 3, 2020 Nobel Peace Prize winner and former Irish politician John Hume has died aged 83. He passed away in Londonderry early this morning, following a short illness and ending a years-long battle with dementia. One of Ireland’s most well-known politicians in the second-half of the twentieth century, Hume was leader of the SDLP between 1979 and [...]
Trump gives Microsoft 45 days to clinch Tiktok deal as owners eye London move August 3, 2020 Microsoft and US President Donald Trump have worked out an agreement which gives the software giant 45 days to finalise a deal for the US arm of Tiktok. The software giant said in a statement that its chief executive Satya Nadella has been in discussions with the President about a potential Tiktok purchase, and that [...]
City View exclusive: Foreign Affairs Committee chief labels Chinese ambassador ‘bully’ July 30, 2020 The chair of the Commons’ Foreign Affairs Committee has called China’s ambassador to the UK a “bully”, after the Beijing official accused Britain of cooking up “lies and slander” about the country and of getting too involved in its internal affairs. Speaking on City A.M.‘s daily podcast The City View, Tom Tugendhat said China’s recent [...]
Strong iPhone sales power Apple past expectations July 30, 2020 Sales of Apple’s hallmark iPhone surpassed analyst expectations by $4bn in its fiscal third quarter, pushing the tech firm to report revenue gains in every product category and geography. With 60 per cent of its smartphone sales coming from international markets, the California-headquartered tech giant posted iPhone revenues of $26.42bn, leapfrogging analyst expectations of $22.37bn. [...]
Amazon blows past estimates in revenue and profit beat July 30, 2020 Amazon surprised investors as it beat analyst estimates for second-quarter revenue and profit by a long shot, sealing off a strong quarter for the e-commerce retailer. Amazon reported a net income of $5.2bn in the second quarter, or $10.30 per diluted share, doubling its profit from a year earlier of $2.6bn. Analysts had been expecting [...]
Republicans reject Trump’s call for US election delay July 30, 2020 Leading Republican politicians have rejected US President Donald Trump’s calls to delay the US 2020 presidential election, saying the ballot should be held as planned on 3 November. Senate majority leader Mitch McConnell told reporters from his home state of Kentucky that the election would go ahead as scheduled. House Republican leader Kevin McCarthy also [...]
Trump calls to delay 2020 US election on ‘inaccurate and fraudulent’ voting systems July 30, 2020 US President Donald J Trump has put out a call to delay the upcoming US 2020 presidential election, saying current voting systems are “inaccurate and fraudulent”. Trump, without evidence, today repeated his claims of mail-in voter fraud and raised the question of a delay, writing on Twitter: “Delay the election until people can properly, securely [...]
Tiktok sets up $2bn fund to poach creators from rivals July 30, 2020 Tiktok has today revealed it will be putting more than $2bn aside over the next three years to pay creators on its platform, in a bid to attract more influencers from rivals Instagram and Youtube. Around $300m of that fund will go to creators in the UK and Europe, while $1bn will be set aside [...]
Nasa launches ninth Mars mission in hunt for signs of past life July 30, 2020 Nasa today launched its next-generation Mars rover from Florida on a $2.4bn mission to find signs of past life on the red planet. The Perseverance rover was aboard an Atlas 5 rocket, which is manufactured by the Boeing-Lockheed joint venture United Launch Alliance. Once on Mars it will also deploy a mini helicopter and test [...]