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Monthly Archives: June 2018

UK government says it wants to create a tech giant to rival Google or Facebook

Oli Scarff | Getty Images The Old Street roundabout, which has been dubbed ‘Silicon Roundabout’ due to the number of technology companies operating from the area in London. London remains Europe’s top hub for tech investment despite Brexit uncertainty, and in 2017 U.K. tech firms took in almost four times …

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UK leader Theresa May on the ‘special relationship’ with the US

Leon Neal | Getty Images Britain’s Prime Minister Theresa May holds a press conference at the end of the second day of the G7 Summit on June 9, 2018 in La Malbaie, Canada. The close relationship between the U.S. and the U.K. means the two countries can disagree on certain …

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Short seller Carson Block compares hot China stock TAL Education to Enron; shares dive

Shares of Chinese after-school operator Tal Education plunged Wednesday after short seller Carson Block compared practices at the company to the financial fraud at Enron. The U.S.-listed shares of Tal briefly dropped more than 15 percent in morning trading. The stock remains more than 90 percent higher over the last …

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Twitter announces updates that make it easier to follow news

Mike Segar | Reuters Jack Dorsey, CEO and co-founder of Twitter and founder and CEO of Square, speaks at the Consensus 2018 blockchain technology conference in New York City, May 16, 2018. Twitter announced updates to its platform on Wednesday that it says should make it easier for users to …

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UK trade chief Liam Fox says he sympathizes with Trump’s concerns

Eric Thayer | Bloomberg | Getty Images Liam Fox, U.K. international trade secretary, speaks at the American Enterprise Institute in Washington, D.C., U.S., on Monday, July 24, 2017. Donald Trump’s concerns over international trade are understandable but the U.S. president is choosing the wrong approach to level the playing field, …

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White House wants to stop Senate effort to block Trump’s ZTE deal

Olivier Douliery | Bloomberg | Getty Images Trump continued to defend the lifeline he offered to Chinese telecom-equipment maker ZTE Corp., insisting trade talks with Beijing are just getting started. The White House opposes a Senate proposal to block President Donald Trump’s deal to revive Chinese telecommunications company ZTE. The Trump …

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Media stocks soar after AT&T-Time Warner ruling ups value of content

Joshua Roberts | Reuters Chairman and Chief Executive Officer of Time Warner Jeffrey Bewkes (L) speaks with Chairman and Chief Executive Officer of AT&T Randall Stephenson before a Senate Judiciary Committee Antitrust Subcommittee hearing on the proposed deal between AT&T and Time Warner in Washington, U.S., December 7, 2016. Media …

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Raccoon scales St. Paul, Minnesota, office tower, captivating public

Evan Frost | Minnesota Public Radio | AP A raccoon stretches out on a windowsill high above downtown St. Paul, Minn., Tuesday, June 12, 2018. A raccoon that appeared to be stranded on a ledge after climbing more than 20 stories of a high-rise office building in downtown St. Paul, …

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Qualcomm chip chief says focused on data centers: ‘We are not selling’

Steve Marcus | Reuters Cristiano Amon, president of Qualcomm and Qualcomm CDMA Technologies, responds to a question during a panel discussion on 5G wireless broadband technology during the 2018 CES in Las Vegas, Nevada, U.S. January 10, 2018. Qualcomm has no plans to abandon its efforts to create processors for …

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Trump criticizes OPEC again for high oil prices; ‘Not good!’

Carlos Barria | Reuters President Donald Trump participates in the signing ceremony for the “VA (Veterans Affairs) Mission Act of 2018” in the Rose Garden of the White House in Washington, U.S., June 6, 2018. President Donald Trump blamed the oil producer cartel OPEC again on Wednesday for high oil …

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