Spotify denies 30-second trick could make you rich
Finance analysts at JP Morgan had said that Spotify subscribers could make $1,200 (£960) a month by listening to their song on repeat, 24 hours a day. The claim suggested Spotify’s royalty payment structure could be manipulated. But Daniel Ek,…
BMW investment assures Mini factories’ future
BMW has announced plans to invest hundreds of millions of pounds to equip its Mini factory near Oxford for the production of a new generation of electric vehicles. In 2026, production of two new electric Mini models will commence at…
Raac is present at Heathrow and Gatwick airports.
Airports had already discovered reinforced autoclaved aerated concrete (Raac) prior to considerable media coverage of its use. Heathrow claimed it had the resources to maintain the airport secure until “permanent solutions” can be implemented. Gatwick has stated that it has…
Apple shares fall following rumours of a Chinese government iPhone ban.
In the last two days, the company’s stock market worth has dropped by more than 6%, or almost $200 billion (£160 billion). China is the third-largest market for the technological behemoth, accounting for 18% of overall revenue last year. It…
As strikes in Australia begin, gas prices rise.
The walkouts are taking place at Chevron’s Gorgon and Wheatstone sites in Western Australia in a dispute over pay and conditions. The two plants of the US energy behemoth account for more than 5% of worldwide LNG capacity. Wholesale gas…
Arm Holdings: The chipmaker aspires to have a market capitalization of more than $50 billion.
The business, which manufactures processors for devices such as smartphones and game consoles, is looking to raise roughly $5 billion in a US IPO. It is expected to be the largest offering of the year and is viewed as a…
Wegovy: Weight-loss pharmaceutical company becomes Europe’s most valuable
Shares increased after Novo Nordisk, a Danish pharmaceutical firm, debuted the popular medicine in the United Kingdom. At the closing of trade on Monday, the company’s stock market capitalization was $428 billion (£339 billion). The medicine is now available in…
Country Garden: Property stocks soar on debt relief
On Monday, shares of major home builders such as Country Garden and Evergrande rose in Hong Kong. Investors also appreciated Beijing’s decision to increase its support for the struggling economy. It is welcome news for China’s struggling real estate business….
Debt-ridden Country Garden China’s property giant has suffered a historic loss.
This comes as the corporation posted a record $6.7 billion (£5.2 billion) loss for the first six months of the year. Country Garden stated that it was “deeply remorseful for the unsatisfactory performance.” The announcement adds to fears over the…
Air traffic control: The government rules out a cyber assault as thousands of passengers are stuck
On Monday, more than a quarter of all UK flights were cancelled due to a problem with National Air Traffic Services. On Tuesday, delays and cancellations are still occurring as people hurry to board flights. The Civil Aviation Authority will…
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