Rolling coverage of the latest economic and financial newsApple issues revenue warning over coronavirusSouth Korea: it’s an economic emergency 7.59am GMT Banking giant HSBC has added its voice to the growing chorus of concerns over the coronavirus.H…
Lees meerStores and factories hit by shutdown in China because of the virusApple has warned of global “iPhone supply shortages” resulting from its Chinese factories being shut because of the coronavirus outbreak.The Californian company told investors on Mond…
Lees meerThe UK’s fund management industry is losing the war against index trackingWhat’s gone wrong with Britain’s fund management industry? Over the past year share prices have soared globally, which usually translates into boom times for asset managers, w…
Lees meerFederal Trade Commission says its focus on smaller company takeovers will help clarify antitrust investigationsThe US Federal Trade Commission (FTC) has ordered five major tech companies to hand over detailed information on hundreds of acquisitions …
Lees meerFirm that supplies Apple hopes to manufacture 2m masks after electronics production was hitCoronavirus outbreak – latest updatesFoxconn, the electronics company that supplies Apple, has begun manufacturing its own surgical masks, allowing Chinese wo…
Lees meerLosing the emotional connection and sense of control that comes with having a physical copy of a song can be disconcertingMy first experience with music streaming led me to accidentally and irreversibly delete my digital library.A search of internet…
Lees meerThough Steve Jobs’s sleek tablet was a worldwide hit, it can still be naggingly awkward to useLast Monday, the Apple iPad turned 10. On 27 January 2010, Steve Jobs walked on to the stage of a San Francisco auditorium carrying with him the answer to …
Lees meerUsers of RadickRadio app with Iranian IP address got access to ride-hailing service SnappA digital radio app has been removed from Apple’s App Store after it was discovered to be a front for an Iranian cab-hailing firm attempting to sneak past US sa…
Lees meerChina, an important market for Apple products and critical part of its supply chain, has been rocked by the outbreakSales of the iPhone 11 propelled Apple to all-time record revenues and profits for the final three months of 2019, a strong performan…
Lees meerStrong performance marks a rebound for Apple, which suffered a rare setback in holiday sales one year agoSales of the iPhone 11 propelled Apple to all-time record revenues and earnings for the final three months of 2019, the company reported Tuesday…
Lees meerThe OECD’s latest proposals would change little in a rigged system. Britain should back a new global schemeThe international tax system was recently shaken by two new tremors. Ángel Gurría, the secretary-general of the OECD, the club of rich nations…
Lees meerTrump is threatening retaliation if the UK plan becomes law. But taking a tough line may be the key to a global dealWhen US treasury secretary Steven Mnuchin threatens to impose tariffs on a country’s car industry if it taxes American tech giants, y…
Lees meerTesla, recent recruit to the $100bn club, must be hoping it will become as unassailable as the likes of Amazon and AppleEven in our age of tech billionaires, Elon Musk’s potential pay packet from Tesla is eyecatching. If the Californian carmaker’s a…
Lees meerAbout 50m metric tons of e-waste are generated annually. But Apple says efforts to regulate mobile devices to reduce waste stifle ‘innovation’Do all cables matter?I found myself asking this deeply cursed question as I read a report commissioned by A…
Lees meerMargrethe Vestager says EU will also tax tech firms who ‘create value but do not pay taxes’The European Union’s leading tech regulator has thrown her weight behind the British government’s plans to press ahead with a digital tax despite threats from…
Lees meerDigital services tax on Google and Apple could spark transatlantic trade warThe chancellor, Sajid Javid, has insisted that the UK will go ahead with plans for a tax on big tech companies this spring despite a threat from the US to slap “arbitrary “ …
Lees meerTalks in Davos raise hope of agreement to find multilateral solution to taxing digital firmsFrance is poised to announce on Wednesday that it is dropping its go-it-alone plan to tax big US tech companies in exchange for Washington’s agreement to pre…
Lees meerApple shows it’s listening to pro users by producing a thicker, heavier and better machineApple’s new 16in MacBook Pro is bigger and heavier, but that’s a very good thing, with the largest battery you can have in a laptop and a new keyboard that loo…
Lees meerThe climate crisis and social unrest could finally force corporate leaders to think beyond the profit motiveWhen Klaus Schwab founded the World Economic Forum in an Alpine ski resort in 1971, he wasn’t to know that the 30-year postwar boom was on it…
Lees meerTech giant is the fourth US firm to achieve the valuation – after Microsoft, Apple and AmazonGoogle’s owner Alphabet has become a trillion-dollar company for the first time, making it only the fourth US firm to reach the bumper valuation.Alphabet’s …
Lees meerLast year, sector was larger than entire gaming industry combined, report findsThe vast majority of money spent on mobile app stores went to games, according to a report, as did the majority of time spent on phones, and the majority of advertising r…
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