Google to extend working from home until mid-2021 July 27, 2020 Google has said it will be extending its offer that all staff who can work from home can continue to do so until the end of June 2021. The search giant had said in May it would begin reopening more offices globally as early as last month, but most Google employees would likely continue to [...]
Facebook forced to delay results as tech giants size up Super Thursday July 27, 2020 Facebook has been forced to push back its second-quarter results due a scheduling clash, putting the earnings of all four major US tech giants on the same day. Facebook, Apple, Amazon and Google will now all report their quarterly earnings after markets close on Thursday. The chief executives of the four companies are also set [...]
Recipe box firm Gousto expects to report first annual profit in 2020 July 27, 2020 Recipe box company Gousto announced today that it expects to turn a profit for the first time this year due to a surge in demand created by the coronavirus pandemic. Gousto, which reported an operating loss of £12.5m in 2019, said it expects to announce a “significant, maiden profit” in 2020. Revenues for the first [...]
Garmin outage enters sixth day after ransomware attack July 27, 2020 A suspected ransomware attack on wearable fitness tech firm Garmin has caused an outage that has now left users without access to its services for six days. The outage first began last Wednesday, with users reporting being unable to sync their devices with the Garmin app. Following the attack Garmin shut down most of its [...]
SAP to float Qualtrics after $8bn acquisition July 27, 2020 Software giant SAP is to spin off Qualtrics in an initial public offering, less than two years after buying the unit for $8bn. Qualtrics was the last big deal signed by former SAP chief Bill McDermott, who was criticised at the time for overpaying for Qualtrics. Just before the acquisition was announced, Qualtrics founder Ryan [...]
Astrazeneca secures $6bn cancer drug deal with Japan’s Daiichi July 27, 2020 Astrazeneca is set to pay up to $6bn (£4.7bn) to Japanese firm Daiichi Sankyo to develop and market a cancer treatment, marking the second multi-billion dollar cancer drug deal between the two companies. London-listed Astrazeneca today said it will pay Daiichi an upfront payment pf $1bn for an antibody drug conjugate — a class of treatments [...]
Kainos announces special dividend after strong trading period July 27, 2020 IT provider Kainos has declared a special dividend after a resilient year of trading in the face of the coronavirus pandemic. The group said annual profit and revenue will be ahead of expectations as trading has been strong despite the impact of Covid-19. The figures Kainos said revenue for the year to the end of [...]
Intel’s next-generation chip delay sparks shares sell-off July 24, 2020 Intel’s share price sank more than 16 per cent as markets opened this afternoon, after it said it would be postponing the launch of its next-generation chip. Intel said it would be pushing back the launch of the 7 nanometre (7nm) chips by six months until 2022, after it identified a “defect” in its manufacturing [...]
3D printing takes on new dimensions July 24, 2020 | City Talk 3D printing’s evolution has dished up developments galore to chew over recently. Six months ago a company ‘making’ a (plant-based) steak captured headlines, with the BBC asking: ‘would you eat a ‘steak’ printed by robots?’. The same firm – a Barcelona start-up, NovaMeat – was in the headlines again a couple of months ago, unveiling [...]
Big tech antitrust hearing delayed as probe gets underway July 24, 2020 A US hearing at which the chief executives of Apple, Alphabet, Amazon and Facebook were meant to testify has been postponed, as politicians press on with a probe into allegations of anti-competitive behaviour. The hearing in front of the US House of Representatives Judiciary Committee’s antitrust panel was meant to take place next Monday, but [...]
