Banker bots: Amid increasing competition for top talent, banks could turn to AI January 4, 2022 Banks could begin to turn to artificial intelligence (AI), after the competition for top talent has prompted a battle of who can name the highest salary figure for newcomers. JPMorgan and Goldman Sachs have already dedicated teams to modernising their M&A advisory and capital markets businesses. And with pay for junior analysts at rival Morgan [...]
US phone giants delay 5G rollout following airplane safety fears January 4, 2022 Two of the largest US phone firms have agreed to delay the rollout of 5G services following government concerns about airplane safety.
Elizabeth Holmes found guilty of four counts of fraud after Theranos blood testing scandal January 4, 2022 Theranos founder Elizabeth Holmes has been found guilty of conspiring to defraud investors. A jury in California found Holmes guilty on four of 11 counts, including conspiracy to commit fraud against investors and three counts of wire fraud. Holmes was accused of knowingly misleading investors over her blood testing start up, lying that her technology [...]
Apple becomes first company to hit $3n market value January 4, 2022 Apple became the first company to reach a $3tn stock market value, before slipping slightly at the end of the day on Monday. The Silicon Valley titan hit a record high of $182.88, placing Apple’s market value just above $3tn yesterday. The stock ended the session up 2.5 per cent at $182.01, with Apple’s market [...]
Best of 2021: The iPhone 13 is an extraordinary device December 31, 2021 Those following the launch of Apple’s iPhone 13 Pro could be forgiven for thinking it doesn’t push the envelope far beyond last year’s already-excellent 12 Pro. It’s essentially the same chassis, distinguishable only by the new colourways – notably Gold and the powdery Sierra Blue – and a marginally smaller “notch” housing the front-facing camera. [...]
UK to donate up to £105m in global emergency pandemic aid December 30, 2021 The UK will donate up to £105m in emergency pandemic support as the latest wave of Covid-19 sweeps the world. With a particular focus on Africa, which has seen the lowest rates of testing throughout the pandemic, the funds will be used to help scale-up tracking systems. Increased testing will help scientists and government’s gain [...]
Musk urges there is room for ‘billions’ of satellites in Earth’s orbit, following SpaceX backlash December 30, 2021 Elon Musk has urged that there is room for “tens of billions” of satellites in Earth’s orbit, amid concerns that SpaceX is hoarding space for its own. The European Space Agency suggested that Musk was blocking out smaller rivals in space. It is not the first time the billionaire has drawn criticism from the agency, [...]
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Capital raising in the City picks up despite ongoing Covid disruption as listed firms pull in close to £25bn this year December 29, 2021 UK listed companies have raised more than £12bn in new capital from investors in the second half of the year, bringing the total so far for 2021 between January and November to £24.7bn, according to data shared with Morning Wire This represents the second highest total since 2009, following on from 2020 when £34.4bn was [...]
Japan wants boots on the moon by the end of the decade December 28, 2021 Japan has revised its space schedule today, which shows it wanting boots on the moon by the end of the decade. The ambition, part of the US-led Artemis programme, will see the first ever non-American on the moon. “Not only is space a frontier that gives people hopes and dreams, but it also provides a [...]