Category: News
How Tech Companies Using Credit Scoring To Determine Eligibility
In the UK, tech companies are increasingly venturing into the financial sector, offering products like loans, credit cards, and buy-now-pay-later (BNPL) services such as Klarna. A critical component of determining eligibility for these financial products is credit scoring. This system assesses a customer's creditworthiness and risk level, allowing companies to make informed lending decisions. Here's…
TikTok owner refuses to sell, Freely to come to British TV
TikTok's Chinese parent company ByteDance says it has no intention of selling the business after the US passed a law to force it to sell the hugely popular video app or be banned in America. "ByteDance doesn't have any plans to sell TikTok," the company posted on its official account on Toutiao, a social media…
Mazda cuts price of MX-30 electric SUV to £28,000
Mazda has cut the price of its MX-30 electric SUV by more than £3,000, making it one of the cheapest new electric models on sale. Pricing for the MX-30 EV now starts at £27,995, for the entry-level Prime Line variant. The Exclusive Line costs from £29,995, while the range-topping Makoto is available for £32,395. All…
UK online traders warn of ‘potentially devastating impact’ of TikTok ban
A TikTok ban in the US could have a "potentially devastating" impact on some UK businesses, online traders are warning. President Biden has signed into law a bill that gives TikTok's Chinese owner, ByteDance, nine months to sell its stake in the app or it will be blocked in the US. TikTok has said it will challenge…
TikTok ban could have big impact on some UK businesses, Pixel 8 prices down again
A TikTok ban in the US could have a "potentially devastating" impact on some UK businesses, online traders are warning. President Biden has signed into law a bill that gives TikTok's Chinese owner, ByteDance, nine months to sell its stake in the app or it will be blocked in the US. TikTok has said it will…
24 million UK homes can now get ‘gigabit broadband’
Eight in 10 UK homes (80%) are now able to get gigabit-capable broadband (ie. over 1000Mb/s download speed), up from 73% the same time last year, according to new Ofcom data published today. The figures from Ofcom’s Connected Nations spring update also show that, as of January 2024, 62% of households can access full-fibre broadband, which delivers…
High-growth firms expect AI and GenAI to transform industry, claims report
Generative AI (GenAI) and AI will significantly transform industries in the future, according to 81% of global (UK: 75%) respondents to the Dell Technologies Innovation Catalyst Research. This rises to 91% (UK: 88%) for organisations reporting high (+25%) 2023 revenue growth and dips to 75% (UK: 65%) for those reporting low growth (1-5%), flat revenue or decline. Based on responses…
US Senate approves TikTok ban, Apple ‘reduces Vision Pro production’
The US Senate has approved a controversial landmark bill that could see TikTok banned in America. It gives TikTok's Chinese owner, ByteDance, nine months to sell its stake or the app will be blocked in the United States. The bill will now be handed over to US President Joe Biden, who has said he will…
Which? calls on Virgin Media to improve customer service
Which? is calling on Virgin Media to urgently improve its customer service as new analysis from the consumer association finds it is the worst broadband firm for customer service. Since late 2023, thousands of consumers have been in touch with Which? to share their experiences of shoddy customer service in sectors including energy, financial services,…
Tesla cuts prices again, Apple ‘suspends vegan phone case sales’
Tesla has cut its prices again in a number of major markets - including the US, China and Germany - as the electric car giant run by multi-billionaire Elon Musk faces falling sales. The move comes after it reported a sharp fall in its global vehicle deliveries in the first three months of this year.…
