Softbank boss Masayoshi Son ‘embarrassed’ by track record October 7, 2019 Softbank chief executive Masayoshi Son has admitted that he is “embarrassed and flustered” by his track record at the Japanese conglomerate. Read more: Softbank’s second fund hit by failed Wework listing In an interview with local media, Son said he felt that his accomplishments at Softbank had not yet lived up to his goals. “When [...]
Tech startups resilient on hiring potential despite political turmoil October 7, 2019 Around four-fifths of the UK’s tech leaders remain bullish on hiring top talent, as ongoing Brexit uncertainty fails to dampen employment and investment intentions. Seventy-nine per cent of young tech companies intend to increase staff numbers in the next three months, Morning Wire can today reveal, rising six per cent from last quarter. According to [...]
UK energy boss conned out of £200,000 in ‘deep fake’ fraud October 6, 2019 A top energy executive has been conned out of £200,000 by cyber scammers who used artificial intelligence to mimic his boss’s voice. The UK boss of an unnamed energy firm was tricked into transferring the money following a phone call from that appeared to come from his boss at the German parent company, the Mail [...]
Paypal first firm to drop out of Facebook’s Libra cryptocurrency October 5, 2019 Paypal has pulled out of an alliance attempting to launch Facebook’s digital currency Libra. The payment firm announced its decision on Friday in a statement but did not reveal why the decision has been made. The cryptocurrency and its digital wallet, Calibra, were revealed by Facebook in June. Read more: Libra co-founder hits out at [...]
Softbank’s second Vision fund hit by failed Wework IPO October 4, 2019 Softbank founder and chief executive Masayoshi Son is struggling to raise money for a second technology investment fund following the failed public offering of office space provider Wework. Son is preparing to go-ahead with the Vision Fund 2, despite advice to delay, according to Reuters. However, the fund is likely to be smaller than the [...]
HP plans to cut up to 9,000 jobs October 4, 2019 HP plans to cut up to 9,000 jobs as the tech giant aims to lower costs and simplify its operating model. The computer firm said that it will reduce its global headcount by around 7,000 to 9,000 employees through redundancies and early voluntary retirements. Read more: HP buys supercomputer firm Cray HP said it expects [...]
DEBATE: Can we really foresee a time when owning status symbols will be a thing of the past? October 4, 2019 Can we really foresee a time when owning status symbols will be a thing of the past? Mark Davis, co-founder and creative director of property branding agency me&dave, says YES. It’s already happening. The way we live is changing, as are the things we care about, and this is affecting our attitudes to the old [...]
Apple iPhone 11 Pro Max review: The biggest leap in camera Apple has ever made October 3, 2019 For many years the most important words in a phonemaker’s lexicon were “thinner”, “lighter”, and “faster”. The race to achieve the thinnest, lightest, fastest phone resulted in the dainty little rectangles we all know and love and hate. Any variation on the theme, such as the ill-fated modular phone, was swept aside, never to be [...]
Apple rejects app that tracks Hong Kong protest locations October 3, 2019 Apple has rejected an app that helps people in Hong Kong track the location of police and protesters, according to the app’s developer. Read more: Hong Kong: Police charge teenage protester shot by officer The crowdsourced app, called HKmap Live, displays information about police patrols, tear gas use, metro closures and safe houses to help [...]
Netflix gets €57,000 tax rebate in the UK as binge-watching boosts profit October 3, 2019 Netflix has received a €57,000 (£51,000) tax rebate from the UK government last year, even as the success of hit shows such as The Crown and Stranger Things drove a rise in profit. The tax credit, granted as an incentive to produce films and TV shows in the UK, follows a rebate of €199,000 in [...]