Dyson to cut 900 jobs globally due to virus impact July 23, 2020 Vacuum cleaner firm Dyson said it will cut 900 jobs from its global workforce, as the coronavirus pandemic impacts consumer demand for its products. Approximately 4,000 of Dyson’s 14,000 staff are based in the UK. “These proposals would regrettably result in around 600 redundancies in the UK and 300 in the rest of the world,” [...]
UK tech sector to be hit harder than France or Germany in 2020 July 23, 2020 Technology spending is set to be hit harder in the UK than in France or Germany, new research revealed, as different approaches to the pandemic weigh on the sector. Research from Forrester said the UK will be most heavily impacted, with an expected tech decline of up to 9.3 per cent in 2020, followed by [...]
Facebook takes aim at Zoom with Messenger live broadcasts July 23, 2020 Facebook today revealed a new feature for its Messenger chat service, which allows users to live-stream their video meetings to Facebook with up to 50 other people. The update poses a direct challenge to video conferencing app Zoom, which charges its users to broadcast meetings to other platforms. Combining Messenger Rooms with Facebook Live, users [...]
Madrid official: Face masks should be worn even at home July 23, 2020 Face masks should be worn even when at home, a Madrid regional official said today, despite having no way of enforcing the rule. Spain has Europe’s strictest rules on face masks, while in Madrid they are mandatory everywhere in public except for when people are outdoors and can keep a safe distance. In most of [...]
Apple co-founder Wozniak files bitcoin scam lawsuit against Youtube July 23, 2020 Apple co-founder Steve Wozniak is leading a lawsuit launched by tech entrepreneurs against Google and its video site Youtube, over a series of bitcoin scams which use his name and image. Wozniak has accused Youtube of failing to deal with the problem, and ignoring his requests to have the videos taken down. The scam, which [...]
Rishi Sunak ‘turns his back on’ 1m in need of coronavirus support July 23, 2020 MPs today blasted chancellor Rishi Sunak’s coronavirus support measures, saying he has turned his back on 1m Brits during the coronavirus pandemic. The Treasury Select Committee (TSC) today said Sunak’s response has failed to convince members he had done enough to support Brits impacted by coronavirus. “The chancellor has effectively drawn a line under helping [...]
Tesla shares bounce on fourth consecutive quarterly profit July 22, 2020 Tesla has beat analyst estimates to report its fourth consecutive quarterly profit, inching it closer to entering the S&P 500 index. It posted earnings per share of 50 cents for the second quarter, compared to a loss of $2.31 a year earlier. Tesla is now able to qualify for entry into the S&P 500. At [...]
Microsoft surprises investors in sales and profit beat July 22, 2020 Microsoft topped analyst estimates for both sales and earnings in its fourth fiscal quarter, but shares still dropped slightly in after-hours trading. Microsoft reported earnings per share of $1.46 in the three months to the end of June, compared to an average estimate of $1.34. However overall its net income was $11.2bn, down 15 per [...]
US gives China 72 hours to shutter Houston embassy as spy charges rise July 22, 2020 Washington has given China just 72 hours to close its consulate in Houston, after the US accused two Chinese nationals of spying on US businesses and researchers. The warning marks a significant deterioration in relations between the world’s two largest economies, ramping up a war of words on both sides. The US State Department said [...]
Former BBC boss Mark Thompson steps down as New York Times chief July 22, 2020 Mark Thompson, a former boss at the BBC and Channel 4, is to step down as chief executive of the New York Times. He will be replaced by the newspaper’s chief operating officer Meredith Kopit Levien, who was also previously its advertising head. Levien said she intends to focus on expanding the newspaper’s subscription model, [...]