Tech giant Alibaba opens two cloud data centres in the UK October 22, 2018 E-commerce giant Alibaba's cloud arm has opened two data centres in London, signalling the firm's first official expansion to British shores. The centres will power Alibaba's cloud services in the UK, allowing it to effectively disseminate its services to British businesses as it seeks to compete with rivals Amazon Web Services, Google and Microsoft. The [...]
Fintech startup Worldremit poaches former Paddy Power chief as its next boss October 22, 2018 London money transfer fintech startup Worldremit has today revealed former Paddy Power Betfair chief Breon Corcoran will be its newest chief executive. Corcoran joins the fintech as it hurtles towards so-called unicorn status – a company worth over $1bn (£764.6m) – after successfully managing the merger of betting firms Paddy Power and Betfair in 2016. Worldremit's current founder and chief [...]
Addison Lee signs strategic deal with driverless startup Oxbotica for London revolution October 22, 2018 Private hire firm Addison Lee has signed a strategic partnership with UK software startup Oxbotica to bring self-driving car services to Londoners by 2021. Addison Lee said the two firms will collaborate on technological development, deployment and operation of self-driving cars to first provide affordable ride-sharing taxi services in the capital. In the long term, it [...]
Technology is set to be this week’s hottest ticket on Wall Street as its biggest leaders go head-to-head October 21, 2018 This Thursday is set to be a battle of the technology heavyweights, as behemoths Amazon, Alphabet, Snap and Twitter all report their quarterly results. Both Amazon and Alphabet, the parent company of Google, trounced consensus estimates last quarter, with Amazon truly shaking up the game on Wall Street with earnings per share rising over 1,157 per cent [...]
Electric bike startup Lime to scoot into the UK market with a soft launch in Milton Keynes October 21, 2018 Dockless electric bicycle and scooter startup Lime is set to fire up its first expansion into the UK market with a soft launch in Milton Keynes. The San Francisco firm, which is valued at $3bn (£2.3bn), is exploring an office in the UK with plans to hire a country manager and up to 20 staff [...]
Who the heck is Nick Clegg? Seven facts about Facebook’s new spin chief October 20, 2018 Facebook’s decision to hire the UK’s former deputy prime minister Nick Clegg as its communications chief was one that seemed to come out of left field. Clegg had previously held a prominent role in British public life as head of the UK’s third party the Liberal Democrats between 2007 and 2015 and the UK’s deputy prime minister between [...]
What the Clegg? Facebook taps former Lib Dem leader as its next head of global affairs October 19, 2018 Facebook has hired former Liberal Democrats leader Nick Clegg to be its next head of global affairs and communications, with the ex-politician set to move to Silicon Valley in January. Clegg will take over from the role's former occupant Elliot Schrage, who personally led the search for his replacement after announcing he would be leaving Facebook following [...]
Ebay snaps up Motors.co.uk as it races Autotrader for car dealerships’ spending budgets October 19, 2018 Bidding platform Ebay is set to acquire car search site Motors.co.uk as it takes on Autotrader. The online shopping giant will buy the website from current owner Cox Automotive for an undisclosed sum, Cox said today. Read more: MPs urge government to ban diesel and petrol cars by 2032 Ebay plans to fold the website [...]
The future is now, but we’ll miss it if we don’t solve tech’s talent crisis October 19, 2018 The time has come for us to change the narrative. Too often, company executives talk about a future where artificial intelligence will transform the employment landscape or the strategies they are developing to adapt to the fourth industrial revolution. But that time is here – and companies need to be taking action now. Read more: London's [...]
Amazon ramps up UK investment with commitment to over 1,000 new jobs October 19, 2018 E-commerce giant Amazon is set to further cement its commitment to the UK, after it revealed plans tonight for a new research centre in Manchester and expansion in Edinburgh and Cambridge which will create over 1,000 new highly-skilled jobs in the country in 2019. Labelled by the firm as “Silicon Valley jobs in Britain”, the [...]
