Closing the wage gap: Why people of colour get paid less in the tech industry December 11, 2019 The technology industry brands itself as forward-thinking, but salary data tells another story. The gender wage gap — in tech and throughout the job market — has permeated discussions for many years now, and rightfully so, but pay discrimination is affecting other marginal groups without making headlines as often. In fact, racial pay disparity is [...]
Telefonica shuns security fears as it picks Huawei for German 5G network December 11, 2019 Telefonica Deutschland has tapped Huawei to build its 5G network in Germany, despite concerns that the Chinese telecoms firm could pose a threat to national security. Germany’s second-largest mobile company today said it will slash its dividend almost 40 per cent as it prepares to pump money into the new network, which will also use [...]
Mike Lynch $5bn fraud trial enters final stages December 11, 2019 British businessman Mike Lynch will face renewed scrutiny tomorrow as Hewlett-Packard kicks off its closing submissions in a $5.1bn fraud trial centred on its acquisition of software firm Autonomy. Hewlett-Packard is suing Lynch, the founder of software company Autonomy, and the firm’s former finance chief Sushovan Hussain, accusing the company of falsely inflating its revenue [...]
Rugby, Avengers Endgame, and Article 50: What trended on Google in 2019? December 11, 2019 Rugby, cricket and Game of Thrones topped Google searches in both London and the UK, as Google released its 2019 Year in Search lists today. Google also revealed the most popular people, events, and topics searched in London and the UK. England’s run to the final of this year’s Rugby World Cup propelled the event [...]
Netflix shares slide after analyst predicts subscriber losses December 11, 2019 Netflix shares closed down three per cent last night after a broker slashed its rating for the streaming service amid growing competition. Laura Martin, media and internet analyst at Needham, downgraded Netflix from “hold” to “underperform”, predicting that the service will lose 4m US subscribers in 2020 as new rivals enter the market. Read more: [...]
London investors raise $34m fund aimed at increasing tech diversity December 11, 2019 A smorgasbord of investment giants have collaborated in backing a new fund focused on diversity, both in terms of the founders it backs and the customers those startups serve. Ada Ventures has today revealed a $34m (£27m) fund, with the British Business Bank’s (BBB) Enterprise Capital Funds’ programme as its cornerstone investor. The fund is [...]
Huawei Mate 30 Pro: Reviewers slam Google-free phone for lack of apps December 10, 2019 Chinese tech giant Huawei has received a cool response to the launch of its first Google-free phone, the Huawei Mate 30 Pro, in France yesterday. Reviews of the device were far from glowing as critics blasted the lack of Google apps. Read more: Prime Minister casts doubt on Huawei’s involvement in 5G network Huawei had [...]
Computacenter reveals profit is ‘well ahead’ of expectations December 10, 2019 Computacenter gave investors a pleasant surprise today by stating it is “well ahead” of forecasts for the current financial year. Profitability and earnings per share are on track to beat full year expectations, the IT supplier said, sending its share price up as much as seven per cent to 1,639p. Read more: Computacenter shares surge [...]
Fighting fit: HR development Mind Gym profit more-than doubles December 10, 2019 Aim-listed HR development firm Mind Gym has posted a half year profit of £3.9m, up from £1.1m in the same six-month period to 30 September 2018. The company, which describes itself as “the global provider of human capital and business improvement solution” also saw revenue jump from £19.4m to £23.9m year-on-year. Half-year revenue was ahead [...]