Boom or bust: The risk of a repeat of the dot-com bubble March 19, 2020 On 10 March 2000, the US Nasdaq stock market peaked at 5,048.62. By October 2002, the index had lost 78 per cent of its value, or about $5 trillion. The Nasdaq had swelled due to the proliferation of internet-related companies aiming to make money from this nascent technology. In fact, between 1995 and 2000, the [...]
Serena Williams-backed health startup Quit Genius raises $11m in funding round March 18, 2020 A health tech startup backed by tennis champion Serena Williams has raised $11m (£9.4m) to help bolster its digital therapy services. San Francisco-based Quit Genius, which provides stop smoking services to NHS trusts in the UK, secured the cash injection in a series A funding round led by Octopus Ventures. The latest financing follows a [...]
Tencent posts rise in profit as pandemic drives surge in Wechat use March 18, 2020 Tencent today said the coronavirus outbreak had driven a huge surge in usage for its social media platform Wechat. The Chinese tech giant said Wechat had racked up 8bn visits since February as people logged in to access so-called health codes that allow them to travel during the outbreak. It came as Tencent posted fourth [...]
Amazon workers told to work overtime to meet coronavirus demand March 17, 2020 Workers at Amazon’s warehouses in the UK are being told to work overtime as the company meets the surge in demand amid the coronavirus outbreak. The GMB union said workers across at least four different sites were informed that they had to work “compulsory overtime” from Monday, according to the BBC. Amazon will also hire [...]
MPs blast government ‘delay’ in virus fake news crackdown March 17, 2020 MPs have lambasted the government over its ‘delayed’ attempt to clamp down on disinformation relating to coronavirus. Earlier this month the government launched a new cyber unit aimed at preventing the spread of fake news about the Covid-19 outbreak on social media. The team, assembled from departments across Whitehall, will also hold discussions with tech [...]
We need a carbon border tax to get Britain to net zero March 17, 2020 Later this year, the eyes of the world will be on the UK as it hosts COP26. While delegates won’t convene at the UN’s annual climate change conference until mid-November, the government needs to consider now how it can showcase leadership on climate action. The UK starts from a position of strength. In 2019, it [...]
Microsoft Teams goes down as people start to work remotely March 16, 2020 Microsoft’s chat and communications tool, Microsoft Teams, went down across Europe as people started to work from home amid the coronavirus outbreak. This morning the tool went down for more than two hours. The company said: “We’re investigating messaging-related functionality problems within Microsoft Teams. If you are a system administrator, please refer to TM206544 in [...]
UK backs facial recognition project that helps Beijing catch masked protesters March 15, 2020 The government has partnered with Beijing to back a project aimed at developing facial recognition technology that can identify people wearing masks. The Home Office and the Metropolitan Police are both involved in a programme that carries out research jointly funded by the Chinese state — despite the country’s reported use of surveillance technology to [...]
Apple shuts stores across the world amid coronavirus fears March 14, 2020 Apple is to close all its retail stores outside of China for two weeks in an effort to contain the coronavirus outbreak. Chief executive Tim Cook announced last night that the company would be taking the steps across the rest of the world to minimise the risk of transmission. It comes just a day after [...]
Coronavirus: Just Eat and Deliveroo offer contactless delivery March 13, 2020 Food delivery services have launched contactless delivery options to prevent the spread of coronavirus. Takeaway.com, the Dutch company that recently bought Just Eat, and Deliveroo have both committed to providing deliveries without physical contact. Takeaway said the measure is applicable to all restaurants on its platform throughout Europe. Drivers are being instructed to ring the [...]
