How are FinTech companies innovating? What’s the tech that sits behind the development of their apps and support networks, and what these advancements might mean for wider industries and consumers.
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Apple Admits Coronavirus Will Impact iPhone Supplies
Coronavirus update. Apple admits it is experiencing “slower return to normal conditions” and warns of iPhone supply shortages
OECD Confirms Rewrite Of Global Tax Laws
Digital tax. 140 governments agree to rewrite cross border tax laws that will increase the tax paid by tech giants like Amazon, Facebook and Google
Facebook Shares Fall Amid Sharp Rise In Costs
Social networking giant delivers strong financial results, but investors took fright at big increase in expenses and costs
FinTech Part 1: A New Payments and Banking Landscape
As one of the fastest-growing sectors, FinTech is building technologies and services that will touch every consumer and business. In this new series, Silicon UK explores the current state of FinTech and asks why companies need to pay close attention to this transforming sector.
Apple’s Tim Cook Calls For Overhaul Of Global Tax System
Corporation tax needs global overhaul Cook says, as President Macron and President Trump declare truce in digital tax spat
Alphabet Hits $1 Trillion Market Valuation
Exclusive trillion dollar club. Google’s parent Alphabet becomes the fourth US tech giant to reach a market value of $1 trillion
Cryptocurrency Attendees Should Avoid North Korean Conference, Warns UN
Experts at the United Nations (UN) warn attendees of upcoming cryptocurrency conference in North Korea they could be cited for sanctions busting
Google Readies Bank Accounts For US Customers
Search engine giant is planning a banking move, in a development that is sure to trigger regulatory investigations
IBM Profit Slumps As Tech Services Struggles
Big fall in profits at Big Blue as tech services division declines, as does IBM’s systems division
Facebook Announces Libra Board, Amid Departures
Dead man walking? Libra announces board, despite being rocked by pull out by five major payments providers
Tech Giants To Pay More Taxes Under OECD Proposals
Revolution in corporate taxation under draft proposals from OECD will see US tech giants pay more tax
Kik Messenger Developers To Close Popular Messaging App
Used by millions around the world, Kik Messenger is closing down as developers want to concentrate Kin cryptocurrency
Oracle co-CEO Mark Hurd Takes Medical Leave Of Absence
Former CEO of HP is to take leave of absence for unexplained medical treatment, as Oracle financials miss expectations
Juniper Networks Settles Bribery Probe
Networking giant Juniper agrees to pay $11.7 million as part of bribery settlement with SEC
UK Data Protection Watchdog Raises Facebook Libra Concern
Facebook’s proposed digital currency faces calls for more information about how user data will be protected
FCA Expresses Concern At Lack Of Cryptocurrencies Safeguards
Financial Conduct Authority warns bitcoins and other cryptocurrencies have no intrinsic value
Fed Boss Calls On Facebook To Halt Libra Digital Currency
Not so fast Mark. Chief of US Federal Reserve calls on Facebook to halt its Libra digital currency plans
Sainsbury’s Bank Customers Locked Out Of Accounts – Report
Banking outage sees customers locked out of their accounts on Tuesday, but services are now recovered
Hackers Steal $41m In Bitcoins From Binance Exchange
Major crypto-currency exchange is hacked, but wners pledge to cover the millions stolen in the cyber heist
Dell Returns To Public Trading With NYSE Listing
Five years after going private in a bitter battle, Michael Dell braves public trading once again
Tesla’s Elon Musk Hits Out At US SEC
Telsa boss has “no respect” for the US Securities and Exchanges Commission after stepping down as chairman
IMF Suggests Governments Set Up Own Cryptocurrencies
Fintech fantasy? Nation states should build their own digital currency to prevent its use by money launders and fraudsters
IBM Quarterly Results Reveal Growth Challenge
Bad day at the office for Ginni Rometty as IBM financials shrink yet again, as software sales stutter
Dell Touts Possible IPO If VMware Stock Bid Fails
Dell confirms meeting with investment banks to explore initial public offering options
Elon Musk Agrees To Step Down As Tesla Chairman
Elon Musk settles with SEC with $20m payout and steps down as Tesla chairman, but more importantly avoids management ban
US Regulator Seeks Elon Musk Removal At Tesla
One tweet too far? SEC accuses Musk of securities fraud and seeks his removal as the head of Telsa
IBM Disappoints As Q1 Profit Slips
Big Blue grows revenues, but shares in the firm fall after first quarter margins miss Wall Street expectations
Banks Trade £22m Using Blockchain Platform
Sign of the future? Two banks have successfully completed a securities lending transaction using blockchain
IBM, Maersk Target Global Trade With Blockchain Joint Venture
No more mountains of paperwork? Global supply chain to be bolstered by blockchain joint venture