EU weighs up forcing tech giants to pay for news February 9, 2021 The EU is said to be considering laws that would force tech giants to pay for news content, mirroring similar moves in Australia. The bloc is currently drafting two new laws — the Digital Services Act and the Digital Markets Act — which are designed to stamp out harmful material and curb Big Tech’s power. [...]
Fossil fuel pollution causes one in five premature deaths: study February 9, 2021 Three British universities have discovered that fossil fuel pollution is responsible for one in five premature deaths globally, with western Europe facing some of the greatest mortality rates. The new research, published this morning, suggests the health impacts of burning coal, oil and natural gases are far higher than originally believed – with Eastern North [...]
Reddit’s valuation doubles to $6bn after fresh funding round February 9, 2021 Reddit’s valuation has doubled to $6bn (£4.4bn) following a fresh funding round hot on the heels of a retail trading frenzy fuelled by the social media platform’s users. The company said it had raised more than $250m from new and existing investors in a series E funding round. The cash injection doubled Reddit’s valuation, which [...]
A message from Canada Police: Top tips on National Internet Safety Day February 9, 2021 | City Talk Today [9 February] is National Internet Safety Day. Marking this date feels more important than ever this year due to the impact the COVID-19 pandemic has had on the way we all communicate with others. We are now in the midst of our third UK lockdown with schools closed for the second time in a year [...]
Facebook bans vaccine misinformation in latest platform clean-up February 9, 2021 Facebook has banned misinformation about all vaccines in its latest effort to crack down on harmful material. In December the social media firm began removing claims from Facebook and Instagram about approved Covid-19 vaccines that had been debunked by health experts. The company today said it would extend these measures to include more false claims [...]
Huawei founder hopes Biden administration will have ‘open policy’ February 9, 2021 Huawei founder Ren Zhengfei said he hopes the new U.S. Biden administration will have an “open policy” to the Chinese company, after Donald Trump placed it on a trade blacklist. Zhengfei said he hoped U.S. President Joe Biden’s administration would bear in mind U.S. business interests when forming its policy. He said it was “conducive” [...]
Living in a Digital World: three ways to connect with clients February 9, 2021 | City Talk Where do financial advisers add value for investors? Relationships — including trust and personal connection — account for 72% of financial advisers’ perceived value, according to a recent Vanguard investor survey. The remaining 28%, investors attribute to the actual services advisers provide, such as creating financial plans and maximizing investment returns. This research emphasizes what [...]
What is Clubhouse? The $1bn app loved by Elon Musk and Mark Zuckerberg February 9, 2021 Elon Musk knows how to send markets into a tizzy, with his tweets about bitcoin and dogecoin sending prices skyrocketing. Now invite-only audio app Clubhouse is the latest craze to feel the Elon effect. At the end of last month Musk made his first appearance on the audio app with Robinhood’s chief executive. The stream maxed [...]
DAY 1: Tech entrepreneur Mike Lynch fights extradition to the US February 9, 2021 British tech entrepreneur Mike Lynch began earlier today his fight against his extradition, slamming the US for “overreaching” and saying the UK authorities could prosecute the alleged fraud. Alex Bailin QC, for Lynch, said the US Department of Justice (DoJ) is “not the global marshall of the corporate world”, as he launched the former Autonomy [...]
British entrepreneur Mike Lynch gears up to fight US extradition attempt February 8, 2021 Mike Lynch, the British businessman facing accusations of fraud, will this week fight attempts to extradite him to the US. Lynch is facing charges of securities fraud, wire fraud and conspiracy in the US related to the 2011 acquisition of his former software firm Autonomy by tech giant Hewlett Packard. Following the sale, HP wrote [...]
