Netflix shares rise as it beats profit expectations ahead of streaming wars October 16, 2019 Shares in Netflix rose as much as much as nine per cent in after-hours trading as the streaming giant’s third-quarter profit beat analysts’ forecasts. Netflix today reported net profit of $665m (£518.5m) in the three months to the end of September, up almost 40 per cent on the same period last year. Earnings per share [...]
Government ditches controversial ‘porn block’ plan in favour of wider online harms laws October 16, 2019 The government has quietly dropped plans to introduce strict age verification measures to prevent under-18s from viewing online pornography. The controversial proposals, which were hampered by a series of delays, would have forced commercial porn providers to verify their users’ age, or face being blocked in Britain. Read more: Minister apologises as UK porn laws [...]
Huawei posts revenue rise as US crackdown fails to halt growth October 16, 2019 Huawei has reported a sharp increase in revenue for the third quarter as US sanctions failed to hamper its smartphone shipments. The Chinese tech giant pulled in revenue of 610.8bn yuan (£67.2bn) in the first three quarters, up 24.4 per cent year-on-year. Revenue was up 27 per cent in the three-month period to the end [...]
EU orders Broadcom to suspend business deals in competition probe October 16, 2019 Broadcom has been ordered to halt its deals with six major customers amid an investigation into whether the chipmaker abused its market position to hurt rivals in its television and modem market. The EU’s antitrust regulator is imposing interim measures to prevent any likely “harm” to competition, suspending certain business deals between the tech giant [...]
AI health firm Healx bags $56m funding as it looks to fast track rare disease treatments October 16, 2019 Health tech firm Healx has secured $56m (£44m) in a Series B funding round as it looks to launch a new accelerator programme to find treatments for rare diseases. The Cambridge-based company said it raised the funds from European venture capital giant Atomico, Global Brain and Btov Partners, as well as its existing investors. Read [...]
DEBATE: Is the G7 warning the end for Facebook’s libra? October 16, 2019 Now that the G7 has issued a warning against the cryptocurrency, is this it for Facebook’s libra? YES, says Ana Bencic, president of Nexthash. Facebook’s libra is the most high-profile example of a centralised cryptocurrency and is a living example of how it will be perhaps the last one to exist. The G7’s warning to [...]
Google unveils new Pixel 4 phone as it looks to take on Apple October 15, 2019 Google has unveiled its new series of Pixel phones with a host of upgraded features as the tech giant looks to challenge the dominance of rival Apple in the smartphone market. Read more: Google Safari lawsuit: iPhone users win appeal to seek £3bn in damages The new Pixel 4 phones, which come in two sizes, [...]
Wework set to sack 2,000 employees as bosses weigh up rescue plans October 15, 2019 Wework is said to be preparing as many as 2,000 layoffs in the coming weeks as its new bosses battle to keep the company afloat. The troubled co-working giant is looking to cut roughly 13 per cent of its global workforce starting as early as this week, the Guardian reported. Read more: Softbank seeks control [...]
Polystyrene: The turnaround from misperception to circularity success October 15, 2019 | Sponsored Image: Polystyrene’s circularity in action with Agilyx’s recycling technology at the Regenyx facility in Tigard (photo by Agilyx). Polystyrene is very widely used, with approximately 800.000 tons sold into the European Union packaging market every year and several million tonnes of virgin polystyrene produced globally every year. It lends itself well to safe food packaging, [...]
Booking.com owner becomes latest to abandon Facebook Libra October 14, 2019 Booking Holdings, the company behind websites including Booking.com, has become the latest firm to quit Facebook Libra, the social media giant’s embattled cryptocurrency project. Libra confirmed that Booking – which also operates sites including Opentable and Kayak – is withdrawing from the Libra Association, the stablecoin’s Swiss-based independent governing body. Read more: Facebook cryptocurrency Libra [...]
