Elon Musk’s “next great idea” is to develop a vertical takeoff and landing electric plane after Tesla, SpaceX and Hyperloop February 5, 2016 Elon Musk has new big plans: After out-there projects like SpaceX’s reusable rocket and Hyperloop, the billionaire tech titan wants to turn his attention to electric aeroplanes. The technology is basically non-existent commercially today, but that could all be about to change. Speaking at a Hyperloop event in Texas, the Tesla and SpaceX entrepreneur was [...]
Three-O2 deal: Virgin Media urges Europe to allow £10.5bn merger as Vodafone blasts Hutchison’s price freeze pledge February 5, 2016 Virgin Media has come out in support of the proposed £10.5bn deal between Three and O2, even as rival Vodafone blasts it as “re-monopolisation” of the telco market. Virgin is calling on the EU’s competition watchdog to approve the deal, following pledges made yesterday to open up the combined network to other players. A deal [...]
These are the world’s most miserable economies: Venezuela tops the misery index – but the UK is among the happiest February 4, 2016 More bad news for the troubled Venezuelan economy. With inflation running rampant, the South American country has once again been awarded the unflattering top spot in the Misery Index of the world’s economies. Bloomberg has surveyed top economists to compile a ranking of 63 economies based on their unemployment rates and inflation. Venezuela’s misery rating [...]
Three owner Hutchison pledges five-year price freeze to ease competition concerns over merger with O2 February 4, 2016 Tens of millions of UK mobile phone customers could see their costs frozen for the next five years, as CK Hutchison tries to sway competition watchdogs over Three’s merger with O2. As Three’s parent company, Hutchison has pledged a #5bn investment to ease concerns over its proposed takeover of O2. Together, the two would create [...]
Nokia’s fall after the patent license arbitration with Samsung shows investors overreact wildly to intellectual property news February 4, 2016 When Nokia released information about the outcome of its patent licensing arbitration with Samsung, its share price fell by over 10 per cent within hours. This is not the first time that stock prices have reacted in an unpredictable fashion to intellectual property (IP) news. The poster child for this mispricing was when GoPro stock [...]
Facebook has slashed six degrees of separation to just 3.57 putting us much closer to Kevin Bacon February 4, 2016 Remember six degrees of separation? The theory that you, Kevin Bacon and every other human on Earth are just six connections away? Well, forget it, Facebook has changed all that The firm has analysed its over 1.5bn active users and discovered that in the age of social media, the real degree of separation between us [...]
Vodafone share price rises on sixth consecutive quarter of improving sales fuelled by emerging markets growth February 4, 2016 Strong growth in emerging markets lifted Vodafone to its sixth consecutive quarter of improving sales. The figures Vodafone reported group organic service revenue up by 1.4 per cent to £10.3bn in the quarter ending 31 December 2015, up from 1.2 per cent the previous quarter. Sales in Africa, Middle East and Asia Pacific were especially [...]
The 20 best perks firms like Netflix, Spotify, Facebook and Google offer their employees February 3, 2016 We spend most of our waking hours in the office, so it’s no surprise we’d want that time to pass by as enjoyably as possible. Careers website Glassdoor has surveyed employees to find the best perks available, and according to the recruiter, more than half, some 57 per cent, argue that perks are among their [...]
What will the mobile world look like in 2020? Predictions suggest smart devices, mobile video and connections skyrocketing February 3, 2016 There’s going to be three times more mobile connections than people in the UK by 2020. Thought we’d reached peak smartphone? Think again: the number of mobile connections is going to keep soaring, and are set to double in the UK over the next five years, from today’s 1.5 per person to three. Globally, there [...]
Piercing the bitcoin veil: Businesses should beware the risks of trading with a sanctioned entity February 3, 2016 In January the EU and the US lifted economic and financial sanctions against Iran in a ground-breaking deal that unfroze billions of pounds of assets and opened up new markets for the first time since 2010. Despite the fanfare surrounding the deal, in the small print a warning remains: some EU and US financial sanctions [...]
