November 27, 2020
Home Archive by category World
alphabet Big Tech big tech watchdog Facebook Google Tech Tech Companies tech watchdog Technology u.k. tech u.k. tech watchdog United Kingdom World

U.K. to create big tech watchdog to counter market dominance

Britain plans to create a new watchdog to police big tech companies including Google and Facebook to counter their market dominance and prevent them from exploiting consumers and small businesses.The U.K. government said Friday that it’s setting up a “Digital Markets Unit” next year to enforce
Dividend Economy Europe Finance & banking Industries Stocks & shares UK World

Aviva reinstates dividend for H1 as trading shows resilience in the first nine months

Aviva reinstates dividend for H1 as trading shows resilience in the first nine months. The insurance firm expects to pay 21 pence per share of total dividend this year. The British multinational's solvency II ratio is expected at 195% as of 30th September. Aviva plc (LON: AV) said on Thursday that trading remained robust in the first three quarters despite the ongoing
Economy Europe Finance & banking Industries Stocks & shares UK World

Virgin Money’s full-year pre-tax loss shrinks to £168 million

Virgin Money’s full-year pre-tax loss shrinks to £168 million. The British firm values its credit impairment charge at £501 million. Virgin Money’s statutory ROTE jumps to negative 6.2%. In a report on Wednesday, Virgin Money UK plc (LON: VMUK) said that it booked a sizable impairment charge in fiscal 2021 but concluded the financial year with a pre-tax loss that was
Economy Finance & banking Industries North America Stocks & shares Technology USA World

Intuit says its net income jumped over 200% in the fiscal first quarter

Intuit says its net income jumped over 200% in the fiscal first quarter. The financial software company reports a 14% increase in its revenue. Intuit forecasts up to £1.39 billion of revenue for the second quarter. Intuit Inc. (NASDAQ: INTU) said on Thursday that its revenue in the fiscal first quarter came in 14% higher on a year over year basis. At £149.24 million, its
apple Apple app commissions Apple app store fees Apple app store fees cut Apple commissions Apple cuts app store fees in half Apple Lawsuit Fortnite Tech Technology World

Apple to cut app store fees in half amid legal debate over the tech giant’s commissions

Apple will cut its app store commissions in half for most developers beginning next year amid an intensifying debate about whether the iPhone maker has been using the fees to unfairly fatten its profits and stifle rivals competing against its own music, video, and other subscription services.The concession announced Wednesday will lower Apple’s commissions for in-app
Economy Europe Finance & banking Industries Services Stocks & shares UK World

Experian says its pre-tax profit slid to £345.46 million in the fiscal first half

Experian says its pre-tax profit slid to £345.46 million in the fiscal first half. The consumer credit reporting company posts £1.88 billion of revenue in H1. Experian's benchmark EBIT declines to £505.36 million in the first six months. In a report on Tuesday, Experian plc (LON: EXPN) said that its pre-tax profit in the fiscal first half came in lower on a year over year
Cape Canaveral Coronavirus Elon Musk elon musk coronavirus Jim Bridenstine spacex spacex crew flight delayed SpaceX crew launch delayed spacex launch delayed Tech Technology World

SpaceX delays 2nd crew flight until Sunday, citing high winds

SpaceX delayed its second astronaut flight by a day because of high wind and weather conditions that could jeopardize the recovery and recycling of the rocket booster, pushing the launch to Sunday.Friday’s postponement news came after SpaceX chief Elon Musk disclosed he had gotten mixed test results for COVID-19 and was awaiting the outcome of a more definitive test. NASA
Canada Coronavirus Coronavirus hacking coronavirus vaccine hackers coronavirus vaccine research covid vaccine hacking Health Microsoft coronavirus hacking North Korean Hackers Russian Hackers Tech Technology World

Coronavirus vaccine researchers ‘targeted’ by N.K., Russian hackers: Microsoft

Hackers working for the Russian and North Korean governments have targeted more than half a dozen organizations involved in COVID-19 treatment and vaccine research around the globe, Microsoft said on Friday.The software company said a Russian hacking group commonly nicknamed “Fancy Bear” – along with a pair of North Korean actors dubbed “Zinc” and “Cerium” by Microsoft –
Anthony Fauci Christopher Wray Election Misinformation Facebook Mark Zuckerberg Politics social media Steve Bannon steve bannon anthony fauci steve bannon facebook Tech Technology Us Election us election 2020 World

Zuckerberg defends Facebook not removing Steve Bannon over violent comments: audio

Facebook Chief Executive Mark Zuckerberg told an all-staff meeting on Thursday that former Trump White House adviser Steve Bannon had not violated enough of the company’s policies to justify his suspension when he urged beheading two senior U.S. officials, according to a recording heard by Reuters.Zuckerberg acknowledged criticism of Facebook by President-elect Joe Biden
Economy Europe Finance & banking Industries Stocks & shares UK World

TP ICAP’s revenue slides 19% in the fiscal third quarter

TP ICAP’s revenue slides 19% in the fiscal third quarter. The British firm expects £35 million of annual savings from restructuring. TP ICAP appointed Moorgate Benchmarks as benchmark administrator. TP ICAP plc (LON: TCAP) said on Monday that its revenue in the fiscal third quarter came in 19% lower on a year over year basis. The world’s largest inter-dealer broker also