NEWS - INNOVATION & TECHNOLOGY
The way we work is going to change dramatically in the coming years, according to a new PwC report.
Technology and globalisation have already had a massive impact on the way we work in the 21st century. But anew report from PwC suggests that these changes are set to continue – and the future of work could look very different to the environment we see today.Read more >>
Wall Street investors could see startup Perzo as their first step towards a new web chat function for financial traders.
In the fast-paced world of financial trading, having channels for rapid communication is vital. As a result many traders might take for granted their access to Instant Bloomberg, a messaging platform that traders have been using to inform their work for some time. But reports suggest that some of Wall Street’s biggest investors arethinking of building an alternative.Read more >>
Facebook’s second quarter results show it has seen a surge in mobile advertising revenue to $791 million.
Facebook once attracted criticism for failing to make the most of the potential of mobile advertising. But as its most recent financial results for the second quarter of the year indicate, the social media giant has definitely worked out how to capitalise on a booming market.
“We had a good second quarter,” said Mark Zuckerberg, Facebook founder and chief executive. “Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world.”Read more >>
Two of the biggest multinational companies in the world, Apple and IBM, have formed an ‘exclusive partnership’ that will see them develop innovative apps aimed at the business world.
Apple and IBM revealed that they are working on a ‘new class’ of applications focused on enterprises, in what is a landmark partnership.
One of the biggest outcomes of this new working relationship is the assimilation of IBM’s big data and analytical capabilities into Apple’s products, namely its iPhone and iPad. Both corporations said the deal marks a breakthrough in their approach to their respective spheres of expertise.Read more >>
Amazon has requested permission from the United States’ Federal Aviation Authority (FAA) to test its possibly groundbreaking drones outside of its research laboratory to get a real world feel of the challenges and possibilities of this technology.
In a letter published on regulations.gov, the international e-commerce company explained that its energy to innovate comes from its innate philosophy of delivering excellent customer service – it invents for their benefit.Read more >>
Roaming fees around the European Union are set to fall as new price caps take effect.
European Union (EU) price caps have now come into force that could cut data roaming fees in half.
Phone users travelling around the bloc often disable their mobile data to minimise costs, or even invest in a smaller, cheaper feature phone that they can take with them and only pay for what they use. But the European Commission is planning to eventually phase out the high costs associated with roaming.
The first staging post was a 1 July move to reduce the existing price cap for downloading data from 45 cents (36p) per megabyte to 20 cents, while the maximum fee for making calls has dropped from 24 to 19 cents.Read more >>
YouTube is launching a paid music service in a move designed to challenge companies like Spotify.
YouTube has become hugely influential in the music industry, with growing numbers of hit songs from artists who established a fanbase through the video streaming site. But now, Reuters reports that the firm has finally confirmed that it will be launching its own paid music service to rival firms such as Spotify and Pandora.
The Google-owned company has announced that it is partnering with “hundreds of major and independent” labels, to put together the streaming service.Read more >>
London has become the world’s premier financial technology hub. What makes the city so attractive for the sector?
London has been an established centre of information and knowledge for hundreds of years, and its bustling finance centre is an established feature in global markets. In recent years, its blossoming technology sector has begun to make an even greater impression on the global scene, as well as making a huge contribution to the economy.
Perhaps then it is no surprise that a new report shows it is also the financial technology (fintech) centre of the world.Read more >>
A new study has found that London’s booming digital tech sector could contribute billions to the capital’s economy.
London has long been known as a major finance centre, but in recent years another industry has taken root there to give the capital’s economy a considerable boost.
According to a new report by Oxford Economics for promotional body London and Partners, the sector could make a massive contribution in terms of both economic activity and jobs. Details of the study have not yet been released, with only one page of key findings having been published so far.Read more >>
Electric car manufacturer Tesla has taken the major step of making its patents freely available to anyone who wants to use the firm’s technology.
Tesla Motors has been blazing a trail recently with developments in its electric car technology. But on 12 June, chief executive Elon Musk made a huge declaration that could have huge implications for the future development of eco-friendly transport.Read more >>
Web users need to tighten up their security to protect against another new bug – GameOver Zeus, the National Crime Agency has warned.
Consumers have heard plenty of stories about online security in the past few months. But after the Heartbleed bug and eBay getting hacked just last month, the UK National Crime Agency (NCA) has once again urged consumers to rethink their security settings since another new bug has emerged.Read more >>
Apple has announced new cloud and messaging developments aimed squarely at some of its key competitors.
Apple has announced a raft of new features for its software platforms, all of which appear to be aimed at getting ahead of major competitors such as WhatsApp and cloud-based file-sharing service Dropbox.
Speaking at the Worldwide Developer Conference on 2 June, senior vice-president of software engineering at the firm Craig Federighi told the audience that the upcoming OS X update will include some significant additions to messaging and cloud services.Read more >>
Twitter founder Jack Dorsey’s payment platform startup Square has announced that it plans to start a credit service to give small firms and businesses, and SMEs in general, a boost.
The past few years have seen an explosion in alternative finance. As firms have been forced to look away from banks and traditional lenders for credit, the likes of crowdfunding and venture capital have shot up in popularity.
Now, mobile payments platform Square has announced it plans to start offering its own small credit service.Read more >>
E-commerce giant eBay has had to ask 128 million active users to change their passwords after it emerged that it had fallen victim to a cyber attack and its database had been compromised.
Since it emerged that many of the web’s biggest sites had been hit by the Heartbleed bug, potentially compromising a vast amount of personal data, web users have been even more concerned about where the next big data breach was coming from.
But on 21 May, eBay admitted that not even the e-commerce giant itself was immune, after it emerged that one of its databases was compromised during late February and early March.Read more >>
Brazil’s elections are looming, and Twitter is using the opportunity to increase its foothold in Latin America through the power of social media.
Not only can it work against parties and politicians if they tweet a serious faux pas, but it can also be a powerful tool for communication and engagement.Read more >>
Marks and Spencer have joined the ranks of UK firms using the power of e-commerce to grow overseas.
E-commerce has made a huge difference to the fortunes of retailers around the world. Businesses that may not have got off the ground at all have found niche markets through online sales – and of course, some of the world’s biggest retailers, like Amazon and Alibaba, have made billions without a single physical store.
As more and more businesses realise that online sales are increasingly important for their survival, UK retailers are in a strong position to break into new markets overseas.Read more >>
Apple could be set to acquire Beats Electronics for an eye-watering $3.2 billion, reports suggest.
Amid Facebook and Google’s recent flurries, Apple has mostly been conspicuous by its absence from the acquisition scene. But it seems that is about to change, since news has emerged that the tech giant is in talks to acquire Beats Electronics for the huge price of $3.2 billion (£1.9 billion).
That would represent the biggest acquisition in Apple’s history – Apple founder Steve Jobs was famously against such high-value acquisitions.
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Alibaba has officially filed for a stock market flotation that could prove the biggest tech IPO in history.
It’s been a long time coming, but e-commerce giant Alibaba has finally filed for its initial public offering (IPO) in the US – and it could make history when it eventually floats. Alibaba’s 6 May filing revealed that the company plans to raise around $1 billion (£589 million) from the flotation, but that is generally agreed to be a ballpark figure used calculating the different fees involved in listing the firm.
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Amazon and Twitter have launched a partnership that allows shoppers to add products to their wishlists with a hashtag.
Amazon and Twitter have announced that they are teaming up for an initiative that could signal a new approach to online shopping. The companies have just revealed their #AmazonCart service, which will allow Twitter users to add items to their Amazon wishlists using that hashtag (or #AmazonBasket in the UK).
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Business and individuals can now choose to end their web address with .london rather than .com or .co.uk.
Organisations, businesses and individuals can now sign up to use .london as their domain name for their web address.
Dot London was officially launched on Tuesday (April 29th) to allow firms and other web users to apply for a web address which features the name of the capital, providing an alternative to the standard options of .com, .co.uk or even .net or .org.
Anyone interested can now apply via the makeit.london website to ensure their site is associated with one of
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Microsoft stands primed and ready to take over Nokia, and it could be planning to do away with the famous brand name.
There was a time when virtually everyone carried a Nokia phone in their pocket. Popular models such as the 3210 and 3310 enjoyed large market shares. Almost everyone knew someone who had a Nokia device, at least in key markets in Europe and the US. But with Microsoft poised to take the company over, one of the most recognisable names in technology could be about to disappear.
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Tomorrow, 15 April, will see Google make Glass available to more people than ever before, but what does it expect to achieve?
Google Glass is clearly one of the tech giant’s flagship projects, having been tested over the past few months and widely touted as one of the top contenders to become the future of wearable technology. However, up to now a relatively small numbers of early adopters have been testing the device and offering feedback to its makers. Next week, that pool of testers will be expanded again.
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Millions of web users have been told to change all of their passwords as a result of Heartbleed. So what is it and why has it caused so much damage?
The notorious Heartbleed incident has caused major security panic and prompted companies to insist that web users change all their passwords. But it’s also left many users wondering where the problem has come from and how serious the damage is. So what is Heartbleed and how bad is the threat?
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Researchers at Vanderbilt University in the US are developing technology that could increase the speed at which we learn.
The researchers, during the trials, ran mild electric current through the brains of volunteers to test the potential of this revolutionary new technology. Studying the results, the researchers were successfully able to demonstrate an increase in the rate at which the test volunteers were able to learn.
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An article published in New Republic has labelled Silicon Valley as a hotbed of ageism. Does the tech industry really believe that only young people can innovate?
We’ve all heard about the quest to improve female participation in the tech industry. Voices from within and outside Silicon Valley have called for more positive role models and action to encourage women to study science, technology, engineering and maths (STEM) subjects. But reports have emerged of a different form of discrimination that has taken hold of the tech sector. According to a recent exposé in New Republic, Silicon Valley’s brutally ageist.
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