Crystal ball: Here’s what the Oracle deal could mean for Tiktok September 14, 2020 Tiktok owner Bytedance is said to have clinched a deal to offload management of the app’s US operations to software giant Oracle, after turning down a widely publicised bid from Microsoft. US President Donald Trump ordered Bytedance to separate itself from its US arm in August, giving the firm a 45-day deadline to find a [...]
Uber’s second London legal challenge gets underway September 14, 2020 Today Uber will appear in a Westminster court for a second time, appealing a previous ruling which banned it from operating in London over safety concerns. Transport for London (TfL) stripped Uber of its licence again last year, alleging a failure to protect its customers when using the service. Uber has been allowed to continue [...]
Amazon continues jobs spree with 100,000 additional roles September 14, 2020 Amazon has said it is intending to recruit another 100,000 new jobs in North America this year, marking its fourth hiring effort in 2020 alone. The e-commerce giant has announced plans to hire a total of 208,000 new employees this year, after revealing 33,000 jobs for headquarters roles earlier this month and 175,000 new operations [...]
Focusrite shares jump as lockdown home recordings boost revenue September 14, 2020 Shares in Focusrite jumped this morning after the audio firm reported “substantial” growth in revenue and profit as professionals and amateurs turned to its products during the coronavirus lockdown. The Aim-listed firm said it expected revenue of roughly £129m for the year to the end of August, up from £84.7m last year and ahead of [...]
Nvidia to buy UK chip designer Arm for $40bn September 14, 2020 US tech giant Nvidia has announced it will buy UK-based computer chip designer Arm from Softbank for as much as $40bn. Nvidia has said the business will continue to be based in Cambridge and that it will invest in a new artificial intelligence research centre on site. It will also keep Arm’s branding and is [...]
iPhone absence offers Apple chance to show increasingly diverse portfolio at new product launch September 12, 2020 Apple’s product launch next week will be missing an iPhone for the first time in almost a decade. The latest instalment of the company’s most successful product has had its launch delayed until October due to coronavirus-related supply chain disruption. At the “Time Flies” event on Tuesday, Apple will unveil its sixth generation Apple Watch, [...]
Coronavirus: Contact-tracing app to launch on 24 September September 11, 2020 The NHS coronavirus contact-tracing app will be rolled out in England and Wales on 24 September, the government confirmed today. The app will allow people to check in at hospitality venues by scanning QR codes using their smartphone. This will allow NHS test and trace to contact customers telling them to self-isolate if there is [...]
Biotech seeks to seize the moment September 11, 2020 | City Talk Biotech was outperforming the broader market before the pandemic hit – since then its relative performance has been stronger still. So proclaims a timely publication showcasing investment trends, performance and opportunities published last week by the UK BioIndustry Association (BIA), which seeks to ‘lift the lid’ on one what is naturally an R&D-heavy sector. Biotech [...]
France calls on EU to adopt digital tax in 2021 if OECD talks fail September 11, 2020 France has called on the European Union to implement a digital tax by the first quarter of 2021 if an agreement cannot be reached within the Organisation for Economic Co-operation and Development (OECD) framework. Speaking at a Eurogroup meeting of eurozone finance ministers in Berlin this morning, French finance minister Bruno Le Maire reiterated the [...]
Social media abuse to be made illegal under new online harms proposals September 11, 2020 Sending abusive messages over social media, messaging services or email could be made illegal under new proposals tabled today. The Law Commission has outlined a number of reforms designed to protect people from harmful behaviour online. The reforms, set out in a consultation paper, would criminalise any communications likely to cause harm. This includes personal [...]
