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Confirmed: Intel is buying urban mobility platform Moovit in a $900M deal

On the heels of a spate of reports over the weekend, today Intel confirmed its latest move to grow its automotive division. The chip giant is acquiring Moovit, an Israeli startup previously backed by Intel that analyses urban traffic patterns and provides transportation recommendations with a specific focus on public transit. The deal values Moovit at […]




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Sinch acquires SAP’s Digital Interconnect messaging business for $250M

M&A activity has generally slowed down in the weeks since the novel coronavirus took a grip on the world, but there have been some pockets of activity in the tech industry when the price is right or when the divestment/acquisition just makes sense. The world of messaging brings us the latest development in that theme: SAP, […]




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Carmakers hit by lack of state support in emerging markets 

Suppliers that exploited cheaper labour hit by big wage bills for shuttered plants




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Nissan warns of nearly $900m loss as sales collapse

Pressure mounts on carmaker and alliance with Renault and Mitsubishi as groups burn through cash




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NEAR Protocol raises $21.6M from A16Z and launches its MainNet, beating Ethereum 2.0

It was only the other week that Andreesen Horowitz announced their second blockchain-focused fund of $515 million. In the announcement, they said: “We are still early in this Web 3 build-out. High-performance programmable blockchains will make decentralized network development much more accessible. After years of R&D, we are excited that a number of next-gen programmable […]




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S&P 500 resilience: weakened by coronavirus

A series of big bankruptcies is unlikely but debt workouts will slow economic recovery




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Markets Now - Tuesday 5th May 2020

Last updated 3:00pm BST. Featuring Royal Mail, Flutter, Stagecoach, Hiscox, Capital & Counties, Hammerson, Aston Martin, deep thoughts, kraftliner and Samhällsbyggnadsbolaget.




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Wall Street closes higher after oil rally takes Brent over $30

Investors anticipate boost in energy demand as economies start to reopen




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Markets Now - Wednesday 6th May 2020

Last updated 2:00pm BST. Featuring ITV, National Express, Hiscox, Hammerson, LondonMetric, Metro Bank and OneSavings.




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Markets Now - Thursday 7th May 2020

Last updated 1:00pm BST. Featuring BT, Vodafone, IAG, Hyve, Tui, Aston Martin and Burberry.




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TiVo enters the streaming market with a $50 Android TV-powered device, TiVo Stream 4K

TiVo today is launching a new device, its would-be Fire TV Stick competitor known as the TiVo Stream 4K. First announced at the Consumer Electronics Show in January, this $50 Android TV-powered HDMI dongle is TiVo’s attempt to insert itself into the streaming media device market. The new dongle arrives at a time when TiVo […]




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FTSE 100 companies prove their durability

If the UK stock market is in for more of a hiding, the FTSE 100 is likely to outperform the FTSE 250




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Fund managers back equities for 2012

What the experts are forecasting for next year




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I earn above £50,000 — should I stop claiming child benefit?

HMRC has sent an email saying that my tax code has changed




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Can we vary the terms of our family trust? 

We would like to extend it beyond its current period of 70 years




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How can I manage the succession of our family business? 

My mother has early onset dementia and her health is deteriorating rapidly




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Am I responsible for paying my landlord’s tax bill? 

HMRC’s letter says I might have to withhold tax from my rent 




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Can I cut our mortgage costs by negotiating a lower rate? 

Our household income has been hit hard by the coronavirus pandemic




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Autotech Ventures raises more than $150 million with an eye on ground transportation startups

Autotech Ventures popped on the scene three years ago with a $120 million debut fund and a plan to invest in early-stage ground transportation startups. Now, with investments in 26 startups and a handful of exits, including Xnor.ai, DeepScale and Frontier Car Group, the venture firm is back with a new, bigger fund and the […]




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Smartwatch shipments grew during the first quarter of 2020, with Apple Watch still in first place

Despite the worldwide impact of the COVID-19 pandemic, global smartwatch shipments continued to grow during the first three months of the year, driven by online sales, says a new report by research firm Strategy Analytics. Shipments grew 20% annually to reach 13.7 million units in the first quarter of 2020, up from 11.4 million units […]




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Apple awards $10 million to rapidly scale COVID-19 sample collection kit production

Apple has awarded $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company focused on producing sample collection kits for testing COVID-19 to hospitals in the U.S. The money comes from the fund that Apple established to support the development and growth of U.S.-based manufacturing, but is particularly notable because to date, the […]




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A nation standing together, in isolation 

The coronavirus crisis brought out the best in Britons, but underlying divides persist




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How this crisis will take us all back to the 1970s

Robert Shrimsley on why he’s braced for a return to the most dismal of decades




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Adobe details feature roadmap for Photoshop on the iPad, subject selection coming in 2019

Adobe has taken quite a bit of heat for its release of Photoshop on the iPad, mostly because it’s not as feature-complete as a lot of users were hoping, given that this is meant to be a full version of Photoshop on par with the desktop edition on Apple’s tablet OS for the first time. […]




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Adobe celebrates Photoshop’s 30th anniversary with new desktop and mobile features

Adobe’s Photoshop celebrates its 30th birthday today. Over that time, the app has pretty much become synonymous with photo editing and there will surely be plenty of retrospectives. But to look ahead, Adobe also today announced a number of updates to both the desktop and mobile Photoshop experiences. The marquee feature here is probably the […]




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Review: 100,000 miles and one week with an iPad Pro

For the past eighteen months, the iPad Pro has been my only machine away from home, and until recently, I was away from home a lot, traveling domestically and internationally to event locations around the world or our offices in San Francisco, New York and London. Every moment of every day that I wasn’t at […]




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Apple said to sell Macs powered by in-house ARM-based chips as early as 2021

Apple’s long-rumored Mac ARM chip transition could happen as early as next year, according to a new report from Bloomberg. The report says that Apple is currently working on three Mac processors based on the design of the A14 system-on-a-chip that will power the next-generation iPhone. The first of the Mac versions will greatly exceed […]




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Twitter Q1: sales up 3% to $808M as it swings to a loss on COVID-19, mDAUS hit record 166M

Despite traffic for many online properties being at an all-time high, advertising has fallen off a cliff because of the downturn in consumer activity outside the home and the wider economic pressures resulting from the COVID-19 pandemic. And today, Twitter reported quarterly earnings that bore this trend out. The ad-based social networking and media company said that […]




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Banking fraud: 78,000 reasons to crack down

If you fall for a scam, who is to blame — you or your bank?




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My Christmas book choices: fuel for the post-lunch argument 

From social mobility to how tax policy has shaped our history — and future




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Are you brave enough to hunt for value in a bear market? 

We have no real sense of how to value stocks in this environment




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The pandemic and the radical change in wealth distribution to come 

‘The old globalised order is fracturing. We are seeing wartime-style falls in GDP’




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Greylock’s Reid Hoffman and Sarah Guo to talk fundraising at Early Stage SF 2020

Early Stage SF is around the corner, on April 28 in San Francisco, and we are more than excited for this brand new event. The intimate gathering of founders, VCs, operators and tech industry experts is all about giving founders the tools they need to find success, no matter the challenge ahead of them. Struggling […]




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Online learning marketplace Udemy raises $50M at a $2B valuation from Japanese publisher Benesse

The internet has, for better or worse, become the default platform for people seeking information, and today one of the companies leveraging that to deliver educational content has raised some funding to fuel its next stage of growth. Udemy, which provides a marketplace offering some 150,000 different online learning courses from business analytics to ukulele […]




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Virtual dates and video speed dating: Dating.com Group launches a $50 million corporate venture fund 

The dating startup world is notorious for few exits, and a similarly slim number of buyers. There’s Match Group, which owns Tinder, Hinge and OkCupid, and there’s Spark Networks, which owns Christian Mingle, JSwipe, Jdate and Zoosk. Dating.com Group also owns a slew of dating brands, like Dil Mil, a dating app for South Asians. […]




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Confluent lands another big round with $250M Series E on $4.5B valuation

The pandemic may feel all-encompassing at the moment, but Confluent announced a $250 million Series E today, showing that major investment continues in spite of the dire economic situation at the moment. The company is now valued at $4.5 billion. Today’s round follows last year’s $125 million Series D. At that point the company was […]




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GoPro lays off 200 employees representing 20% of the company

Action camera manufacturer GoPro has announced some massive organizational changes at the company. In particular, the company is laying off more than 200 employees — which represents a 20% staff reduction. GoPro plans “office space reductions in five geographies” as well as a reduction in operating expenses. The company expects a “$100 million reduction in […]




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Apple said to sell Macs powered by in-house ARM-based chips as early as 2021

Apple’s long-rumored Mac ARM chip transition could happen as early as next year, according to a new report from Bloomberg. The report says that Apple is currently working on three Mac processors based on the design of the A14 system-on-a-chip that will power the next-generation iPhone. The first of the Mac versions will greatly exceed […]




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Indian smartphone market grew by 4% in Q1, but projected to decline by 10% this year

India has emerged as one of the fastest growing smartphone markets in the last decade, reporting growth each quarter even as handset shipments slowed or declined elsewhere globally. But the world’s second largest smartphone is beginning to feel the coronavirus heat, too. The Indian smartphone market grew by a modest 4% year-over-year in the quarter […]




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Nvidia’s top scientist develops open-source ventilator that can be built with $400 in readily available parts

Nvidia Chief Scientist Bill Dally has released an open-source ventilator hardware design he developed in order to address the shortage resulting from the global coronavirus pandemic. The mechanical ventilator design developed by Dally can be assembled quickly, using off-the-shelf parts with a total cost of around $400 — making it an accessible and affordable alternative […]




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Smartwatch shipments grew during the first quarter of 2020, with Apple Watch still in first place

Despite the worldwide impact of the COVID-19 pandemic, global smartwatch shipments continued to grow during the first three months of the year, driven by online sales, says a new report by research firm Strategy Analytics. Shipments grew 20% annually to reach 13.7 million units in the first quarter of 2020, up from 11.4 million units […]




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AWS hits $10B for the quarter putting it on a $40B run rate

AWS, the cloud arm of Amazon, would be a pretty successful business on its own. Today, the company announced it has passed $10 billion for the quarter, putting the cloud business on an impressive run rate of more than $40 billion. It was a bright spot for the company in an earnings report that saw […]




0

Apple said to sell Macs powered by in-house ARM-based chips as early as 2021

Apple’s long-rumored Mac ARM chip transition could happen as early as next year, according to a new report from Bloomberg. The report says that Apple is currently working on three Mac processors based on the design of the A14 system-on-a-chip that will power the next-generation iPhone. The first of the Mac versions will greatly exceed […]




0

Apple awards $10 million to rapidly scale COVID-19 sample collection kit production

Apple has awarded $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company focused on producing sample collection kits for testing COVID-19 to hospitals in the U.S. The money comes from the fund that Apple established to support the development and growth of U.S.-based manufacturing, but is particularly notable because to date, the […]




0

NEAR Protocol raises $21.6M from A16Z and launches its MainNet, beating Ethereum 2.0

It was only the other week that Andreesen Horowitz announced their second blockchain-focused fund of $515 million. In the announcement, they said: “We are still early in this Web 3 build-out. High-performance programmable blockchains will make decentralized network development much more accessible. After years of R&D, we are excited that a number of next-gen programmable […]




0

Apple awards $10 million to rapidly scale COVID-19 sample collection kit production

Apple has awarded $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company focused on producing sample collection kits for testing COVID-19 to hospitals in the U.S. The money comes from the fund that Apple established to support the development and growth of U.S.-based manufacturing, but is particularly notable because to date, the […]




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Australian companies head to stock market in biggest rush since ’09

Companies lean heavily on equity in effort to dent blow from coronavirus




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Orca Security raises $20M Series A for its multi-cloud security platform

Orca Security, an Israeli cloud security firm that focuses on giving enterprises better visibility into their multi-cloud deployments on AWS, Azure and GCP, today announced that it has raised a $20 million Series A round led by GGV Capital. YL Ventures and Silicon Valley CISO Investments also participated in this round. Together with its seed […]




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Sinch acquires SAP’s Digital Interconnect messaging business for $250M

M&A activity has generally slowed down in the weeks since the novel coronavirus took a grip on the world, but there have been some pockets of activity in the tech industry when the price is right or when the divestment/acquisition just makes sense. The world of messaging brings us the latest development in that theme: SAP, […]




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AngelList Raised $163M For Startups in 2015, Up 56% Year-Over-Year

AngelList, the online platform that had made itself indispensable to early-stage startups for fundraising and recruiting, said it closed out last year having raised $163 million online on behalf of 441 companies. That’s about 56 percent higher than the year before in 2014. About 40 percent of the deals were private rounds and institutional funds were in about 40 […]