Soaring shares of car maker Tesla, sees Elon Musk overtaking Amazon’s founder and CEO Jeff Bezos as the richest man in the world
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President Trump Blacklists Eight Chinese Apps
Executive order signed by US President bans transactions with eight Chinese software applications including Ant’s Alipay payment app
Elon Musk Leaves California, Moves To Texas
After threatening to pull Tesla out of California altogether, Elon Musk reveals he has personally left the US state and relocated to Texas
Facebook’s Libra To Launch In January – Report
Libra to launch as early as January, but the Facebook backed cryptocurrency will be scaled back even further after regulatory and political concerns
Elon Musk Overtakes Bill Gates As World’s Second Richest
Tesla share price rises continues to build the personal fortune of Elon Musk, placing him in second place behind Amazon’s Jeff Bezos
Elon Musk To Overtake Zuckerberg As Third Richest Person
Rising Tesla share price raises Elon Musk total net worth by $15 billion, putting him behind Jeff Bezos and Bill Gates in terms of wealth
McAfee Raises $620 Million With Wall Street Return
Security vendor McAfee has returned to the public markets with an IPO that raised $620 million, below the $740 million it had hoped to gain
Facebook Libra Hires Former HSBC Executive
Libra cryptocurrency project still progressing after it confirms it has hired former HSBC executive as chief financial officer
Apple Becomes First US Company Valued At $2 Trillion
Wall Street has gained its first ever American company valued at a whopping $2 trillion, in the form of iPhone maker Apple
Tim Cook Now A Billionaire After Apple Share Surge
Welcome to the club. CEO Tim Cook now said to be a billionaire after almost a decade in charge of the technology giant Apple
HSBC Facing Chinese Backlash Over Arrest Of Huawei CFO
Chinese government-backed website joins other Chinese outlets in saying HSBC “maliciously” played a role in the arrest of the CFO of Huawei Technologies
Role Of Wirecard Supervisors To Be Probed By EU
The actions of financial supervisors responsible during the Wirecard collapse should be investigated, says senior EU official
Wirecard Munich HQ Searched By Police And Prosecutors
Fintech fraud investigation continues into Wirecard, as German police and prosecutors search bankrupt firm’s Munich headquarters
Wirecard Collapses, Files For Insolvency
German fintech start-up Wirecard has filed for insolvency, becoming the first DAX member to fail after a financing scandal
Former Wirecard CEO Released From Jail
Former Wirecard CEO Markus Braun walks free after arrest on Monday for allegedly falsifying the accounts for the German fintech firm
BT Suspends Dividend To Funnel Investment Into FTTP Broadband, 5G
For the first time in a decade BT suspends its dividend to free up cash for investment in fibre to the premise (FTTP) broadband and 5G
Amazon Tells Investors To ‘Take A Seat’ As Spending Rises
Sitting in the sweet spot as Amazon takes advantage on demand for online goods, groceries and cloud services during Coronavirus lockdown
Apple Profits Dip But Sales Rise, Amid Global Pandemic
Modest dip in quarterly profits at Apple due to closure of its retail stores in key markets during the global Coronavirus pandemic
Coronavirus: Tesla’s Elon Musk Slams Pandemic Lockdown As ‘Fascist’
Tesla boss Elon Musk overshadows third quarterly profit at electric car maker Tesla, by calling lockdowns ‘fascist’ and ‘not democratic’
Coronavirus: Google Profits Rise, But Warns Of Pain Ahead
Alphabet delivers strong set of quarterly financial results, despite advertising decline in March as global Coronavirus pandemic starts to bite
Coronavirus: IBM Pulls Annual Forecast As Client Priorities Change
Worldwide pandemic hits software sales, as IBM warns that its customer priorities are changing and it withdraws its annual forecast
Twitter’s Dorsey Survives Shareholder Revolt, Reconsiders Africa Move
Jack Dorsey survives intervention by activist shareholder group, after admitting he will reevaluate plans to move to Africa due to coronavirus outbreak
Twitter CEO Jack Dorsey Faces Ousting Attempt By Shareholder
Activist shareholder Elliott Management has reportedly taken a sizeable stake in Twitter and is seeking Jack Dorsey’s removal
Facebook Cancels F8 Developer Conference Over Coronavirus
As shares on Wall Street and global market continue to tumble, Facebook cancels its annual developer conference due to coronavirus concerns
Microsoft Warns Of Coronavirus Impact
Redmond does not expect to meet its guidance for sales of Windows and Surface devices due to the coronavirus outbreak
FinTech Part 2: Building the FinTech Ecosystem
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.
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.