Business & Technology

Senior UK politicians talk at Confederation of Briti...
May formally announced plans to cut corporation tax from 20%, without giving details, in order to discourage businesses...

India discontinues ₹500, ₹1000 denominations; releas...
On Wednesday, India demonetised ₹500 (about US$7.50) and ₹1000 notes, announced as a measure to fight corruption, fake ...

Chelsea announces Nike sponsorship
Yesterday, English capital football club Chelsea FC announced a long-term deal with US sports company Nike. Currently, German company Adidas made the kits for The Blues, a deal worth £30 million annually. Chelsea's contract with Adidas runs till 2023. Chelsea is obliged to pay about £40 million to the German firm. Chelsea's termination of Adidas's contract wa...

ARM to be bought by SoftBank
The United Kingdom's (UK) largest technology company, ARM Holdings, confirmed this morning that it had accepted an offer from the Japanese company, SoftBank. ARM logo ARM designs microchips used in many devices, including smart phones made by Apple and Samsung. It is expected to invest in the so-called Internet of Things, where many everyday items are e...

File photo of Claire Perry, 2015. (Image: Paul Bigland.)

British rail minister Claire Perry steps down
Southern has an ongoing dispute with the Rail, Maritime and Transport union (RMT) about increasing driver-only services, without conductors or guards. The union objected, citing concerns about job losses and driver safety. London mayor Sadiq Khan said "This utter mess is now an embarrassment to our city" and that he was "calling on the government to strip Sou...

File photo of Obama, Trudeau, and Peña Nieto, 2015. (Image: Pete Souza.)

North American Leaders' Summit 2016: leaders affirm ...
On Wednesday, U.S. President Barack Obama met with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto in Ottawa. This marks the first time Canadian, U.S., and Mexican leaders have met since 2014, as 2015's summit was not arranged in the harsh political relations at the time. File photo of Obama, Trudeau, and Peña Nieto, 2015. ...

Glencore announces Tahmoor mine in New South Wales t...
Swiss mining company Glencore announced yesterday the closure of its coal mine in Tahmoor, New South Wales, Australia. The mine is to be closed by early 2019, pointing to the downturn of coal prices in global markets. Glencore stated, "The decision has been made as a result of continued low prices in global coal markets, which has meant the economic return fr...

Lord Howard and Alistair Darling address Confederati...
The dinner was held as the UK is expected to vote on the matter in next month's EU referendum. Lord Howard encouraged those in attendance to vote for the UK to leave the EU, while Mr Darling was speaking in favour of a vote to remain. Responding to the CBI calling for the UK to remain in the EU, Lord Howard referred to the organisation's previous calls to bec...

Telegraph publishes letter from 300 business leaders...
ss="published">Tuesday, May 17, 2016 United Kingdom Related articles 17 May 2016: Telegraph publishes letter from 300 business leaders who back UK leaving EU 13 May 2016: IMF says UK leaving the EU will lead to negative economic consequences 11 May 2016: Grand National winning horse 'Comply or Die' dies, aged 17 10 May 2016: Political columnist apologises...

UK's Financial Conduct Authority drop inquiry into c...
ss="published">Thursday, December 31, 2015 United Kingdom Related articles 31 December 2015: UK's Financial Conduct Authority drop inquiry into culture of banking 12 December 2015: UK's 'ban Trump' petition passes half-million mark 8 December 2015: UK court remands man in custody over Leytonstone knife attack 4 December 2015: UK begins airstrikes against ...

A Subway restaurant in Edinburgh, Scotland. (Image: Ian Thomson.)

Subway sandwich empire co-founder Fred DeLuca dies
Fifty years after starting his first sandwich shop as a teenager, Subway CEO and co-founder Fred DeLuca died on Monday. He was 67 and suffering from cancer. A Subway restaurant in Edinburgh, Scotland. Image: Ian Thomson. Subway yesterday announced his death, but not the location. He had developed leukaemia, which the company announced in 2013. The busin...

US adds 173,000 jobs in August; unemployment rate dr...
The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008. Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past thre...

File photo: A Jeep Regenade seen parked in Düsseldorf, Germany. The recall in question affects some 2015 Jeep Regenades. (Image: M 93.)

Fiat Chrysler recalls 7,810 Jeep SUVs for software v...
7,810 Jeep SUVs are to be recalled in order to address a software vulnerability in the vehicles' entertainment systems which allows the vehicles to be "hacked" — allows vehicle software security to be compromised — Fiat Chrysler Automobiles US (FCA US) said on Friday. This recall affects some 2015 model Jeep Renegades. FCA US said exploiting the vulnerability...

US economy adds 215,000 jobs in July; unemployment r...
Continuing a trend of steady employment growth, the United States economy added 215,000 jobs in July, the Bureau of Labor Statistics said Friday. The unemployment rate remained unchanged at 5.3%. "Job growth is quite strong," stated Jim O'Sullivan, chief economist at High Frequency Economics, a data analysis firm in New York. "This pace of employment growth i...

Australian businessman Alan Bond dies aged 77
Australian business tycoon Alan Bond died today after complications from open heart surgery. He was 77. Following open heart surgery to repair and replace heart valves, leading to complications, Bond was placed in an induced coma. The family released a statement outside the Perth hospital where Bond died in intensive care following his operation on Tuesday. ...

No DirectX 12 for Windows 7
It's bad news if you're a die hard gamer and love your Windows 7 installation. AMD's Chief Gaming Scientist Richard Huddy said at PDXLAN earlier this month that DirectX 12 will not be supported by the Windows 7 operating system. DirectX 12 promises dramatically increased performance, thanks to reduced CPU overhead, better support for multithreading and ...

Facebook's longest outage
Today, Facebook has suffered the longest outage in history, with many countries around the world affected by the issue. On opening facebook.com the error message "Sorry, something went wrong. We're working on getting this fixed as soon as we can.". The outage lasted for approximately 20 minutes! Mark Zuckerberg has been famously quoted stating Facebo...

Did the NSA know about the Heartbleed exploit?
Articles around the web have started popping up, stating that the U.S. National Security Agency knew about the Heartbleed bug for more than 2 years. While OpenSSL is funded by an open-source community that devote their time to develop the library, NSA devote millions of dollars for hunting backdoors and exploits that can be used to their advantage in gainin...

Satya Nadella as new Microsoft CEO
Microsoft has announced today that the 44-year-old Satya Nadella has been appointed successor to Steve Ballmer as the new chief executive officer, effective immediately. Indian-born Nadella is the third CEO of the technology giant; he joined Microsoft in 1992 and has degrees in electronics, computer science and business administration. Satya was the head...

Angry Birds website hacked after NSA and GCHQ leaks
Rovio, the company behind Angry Birds met an unwelcoming message on their website after a hacker was able to deface the website with a spoof image showing the NSA logo superimposed over one of the Angry Birds and the title "Spying Birds". The defacement followed news of Rovio sharing confidential data from its customers to the NSA and GCHQ. Rovio insiste...

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