Ebay to sell classified ads unit to Adevinta for nearly $9bn July 20, 2020 Norwegian group Adevinta has won the auction to buy US e-commerce firm Ebay’s classified-ads unit for nearly $9bn, a source familiar with the matter told Reuters today. Ebay intends to keep a minority stake in the business following the close of the deal, the source said. Activist investors Elliott Management and Starboard Value had been pushing Ebay to sell [...]
Ant Financial to float in dual Shanghai-Hong Kong listing July 20, 2020 Alibaba’s payments arm Ant Financial has started the process of a concurrent initial public offering in Shanghai and Hong Kong. The world’s most valuable tech unicorn said it would list its shares on both the Shanghai’s Nasdaq-style Star Market and the Hong Kong stock exchange. In a statement Ant Financial, which provides the digital payment [...]
UK secures supply for potential German coronavirus vaccine July 20, 2020 The UK has secured a supply of 30m doses of a potential coronavirus vaccine being developed by German firm BioNTech and US drugmaker Pfizer over the next two years, making it the first country to sign up for the drug. BioNTech and Pfizer said they have the capacity to produce 100m doses by the end [...]
Tiktok shelves London HQ plans as tensions mount July 19, 2020 Bytedance, the Chinese owner of video app Tiktok, has had its plans to create a new international headquarters in London thrown into doubt by a growing diplomatic crisis and fears it could be blocked in the US. Tiktok has been in discussions with the UK government over the past few months to locate its headquarters [...]
Ericsson shares soar as 5G sales boost profit July 17, 2020 A rise in 5G network sales and software revenue helped Ericsson report higher-than-expected quarterly core earnings today, as it stuck to 2020 and 2022 financial targets. The Swedish company has experienced a recovery under Borje Ekholm – a former CEO of Investor AB- who took the position in 2017, having been chosen to steer the [...]
DEBATE: Is employee experience with IT the key factor for a productive post-pandemic workforce? July 17, 2020 Is employee experience with IT the key factor for a productive post-pandemic workforce? Pedro Bados, chief executive and co-founder of Nexthink, says YES. Employees’ working experiences have historically been measured through three key elements: people, place, and technology. Recent months have turned this dynamic on its head. With workers across the country sent home from [...]
Green fingers: How cannabis can fuel a British agri-tech revolution July 17, 2020 Since time immemorial, the human race has slashed and burned its way through wilderness to fuel its rapacious growth. Food, medicine and building materials have required more and more deforestation, with the resultant decline in biodiversity and rise in the emission of greenhouse gases. Finally, comprehension is dawning about the impact of climate change and [...]
Twitter says around 130 people targeted in bitcoin scam hack July 17, 2020 Twitter has said around 130 accounts were targeted by hackers in an incident that led to the accounts of high profile figures such as US presidential candidate Joe Biden posting messages asking for bitcoin. The hack has caused embarrassment for Twitter and raised questions about its safety ahead of the 2020 presidential election. Tesla owner [...]
Contact tracing is a legal minefield for businesses July 17, 2020 In the age of Big Data, where the always-on digital assistant and ever more intrusive geo-tracking technology reign, it is perhaps inevitable that our efforts to control Covid-19 seem to depend on developing technology to monitor individuals’ movements. Every wave of innovation that has birthed these technologies has brought with it fresh regulatory concern. The [...]
Twitter employee ‘helped attackers’ perpetrate blue tick account hack July 16, 2020 A Twitter employee was to blame for last night’s high profile hack of the social media, two sources have told Vice. In one of the most devastating data breaches in history, hackers managed to infiltrate Twitter’s most notable blue tick accounts and send scam tweets supporting bitcoin before the social network clamped down on the [...]
