Monday, 27 May 2019
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Tag Archives: technology

What Really is a “Blockchain”?

LONDON: Much has been said about the revolutionary potential of the blockchain technology. Besides its current use as the backbone to verify and record digital transactions of Bitcoin, the blockchain technology has also been touted as the technology that can replace expensive accounting and payment networks in the financial industry, ...

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Google puts Uber on alert by investing in arch-rival Lyft

LONDON: Alphabet’s growth-stage investment division, CapitalG, will lead the the investment, which comes four years after Google Ventures, which targets early stage companies, made a $250m investment in Uber. Lyft only operates in the US, but it now has a quarter of the market there, growing its share as Uber ...

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Technology billionaires lose $16 billion as stocks sink

LONDON: Technology tycoons lost $15.5 billion from their fortunes on Monday as a sell-off of the sector’s most valuable companies intensified. Facebook Inc.’s Mark Zuckerberg saw the biggest drop in net worth of $3.2 billion, followed by a $1.3 billion decline for Alibaba Group Holding Ltd.’s Jack Ma and a ...

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Fired Google engineer says company executives smeared him

LONDON: The former Google engineer, whose controversial memo has triggered a wider debate on gender differences and diversity efforts in technology, defended his views in an interview on Wednesday, saying company executives are smearing him in its wake. James Damore, who until Monday worked as an engineer on video and ...

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Zero-hours contracts workers ‘face £1,000 pay penalty’

LONDON: Workers on zero-hours contracts typically earn £1,000 a year less than permanent employees, according to Resolution Foundation research. People on the controversial contracts face a “precarious pay penalty” of 6.6%, or 93p an hour, the think tank has estimated. For those who earn the least, the size of the ...

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