Image copyright Reuters Patisserie Valerie is being bought out of administration, saving 96 shops and nearly 2,000 jobs. The management team at the coffee and cake chain has secured backing from investment firm Causeway Capital to take over its ownership. Sister brand Philpotts has also been sold in a separate deal, saving a further 21 …
A pop-up recycling shop in Hove collects unwanted tech items, erases the data and recycles them. Source by [author_name]
A system which uses a combination of artificial intelligence (AI) and high resolution fixed cameras could change the way some sports like basketball are covered. Developed by Playsight the system can track players, the ball and events like passes and three-point field goals. Coaches and officials can also replay game footage on court. The system …
Image copyright Getty Images Germany’s economy just about avoided falling into recession during the final three months of last year. Europe’s largest economy registered zero growth during the fourth quarter of 2018, the country’s Federal Statistics Office said. That means it avoided two consecutive quarters of contraction, which is the usual definition of a recession. …
Image copyright Activision Blizzard Video games publisher Activision Blizzard has announced it will lay off about 800 people, despite reporting record revenue in 2018. The company made $7.5bn (£5.8bn) last year, up from about $7bn in 2017. Its chief executive, Bobby Kotick, said the results were “the best in our history” but did not “realise …
Image copyright Getty Images A system making a recipient’s name as important as the bank account number and sort code when payments are made could be delayed by up to 18 months. The Confirmation of Payee system means anyone making a payment will be alerted if the name does not match the account. It is …
Image copyright EPA European aircraft manufacturer Airbus has said it will stop making its A380 “superjumbo”, the world’s largest passenger aircraft. In a statement on Thursday, the firm said it would end deliveries of the aircraft in 2021. The decision comes after Emirates, the largest customer of the A380, reduced its order. The costly aircraft …
Image copyright PA Supermarket giant Morrisons is facing legal action by women who work in its stores and warehouses. The women, both current and former employees, say they are not paid the same as male workers who are doing comparable jobs. Lawyers say that if the legal challenge is successful, thousands of women could receive …
Image copyright Getty Images US prosecutors have charged a former top Apple lawyer with insider trading. Gene Levoff is accused of using confidential information to trade the firm’s securities for personal gain. Mr Levoff, who was responsible for ensuring compliance with Apple’s insider trading policies, is accused of breaching those policies on several occasions. Apple …
Image copyright AFP Image caption Things are looking tricky for Mr Ghosn Carlos Ghosn, Nissan’s former chairman, has now spent three months in jail and faces many more. Japan’s former chief prosecutor was, until he unexpectedly resigned on Wednesday, his lawyer, and has declared Mr Ghosn to be a victim of “hostage justice”. It is …