10 h. ago London BTC Company raises £1.5 million to fund Bitcoin mining, holdings and Nasdaq listing

London BTC Company raises £1.5 million to fund Bitcoin mining, holdings and Nasdaq listing  Proactive financial news

Economics

27 h. ago UK government’s deal with Google ‘dangerously naive’, say campaigners

Company to provide free technology and ‘upskill’ civil servants but concerns raised over UK data being held on US serversGoogle has agreed a sweeping deal with the UK government to provide free technology to the public sector from the NHS to local councils– a move campaigners have called “dangerously naive”.The US company will be asked to “upskill” tens of thousands of civil servants in technology, including in using artificial intelligence, as part of an agreement which will not require the government to pay. It is considered in Whitehall to be giving Google “a foot in the door” as the digitisation of public services accelerates. Continue reading...

Politics

7 d. ago Company's carbon credits raise questions about unproven ocean technology to fight global warming

A startup called Gigablue claims to have reached a milestone by selling 200,000 carbon credits for its ocean-based carbon capture technology

Events

1 week ago Ferrari F1 legend speaks out after shock McLaren switch revealed in government document

Luca di Montezemolo spent more than 30 years as president of Ferrari until he felt the company in 2014, so eyebrows were raised when it was revealed he had joined McLaren

Politics

2 w. ago Second study finds Uber used opaque algorithm to dramatically boost profits

US academics say computer code systematically raised fares at expense of drivers and passengersA second major academic institution has accused Uber of using opaque computer code to dramatically increase its profits at the expense of the ride-hailing app’s drivers and passengers.Research by academics at New York’s Columbia Business School concluded that the Silicon Valley company had implemented “algorithmic price discrimination” that had raised “rider fares and cut driver pay on billions of trips, systematically, selectively, and opaquely”. Continue reading...

Events

2 w. ago Babcock hails ‘new era of defence’ as global threats prompt greater spending

The London-listed company reported higher profits and raised its financial outlook.

Events