Articles about Economy

Toilet

UK.gov crackpots: Let's build vapourware-based sharing economy CITIES

The creation of entire "sharing economy" cities, mandatory use of Airbnb and Uber for civil servants, and the "opening up" of UK.gov's vapourware Verify service to business are just some of the latest crackpot "sharing economy" recommendations from the government. The response from the Department for Business, Innovation and …
Kat Hall, 19 Mar 2015
Australian Government 2.0 taskforce logo

Boffins deflate digital economy bubble with hard economic data

Australians are getting their regular consultant-driven exhortation to ride the “digital economy” horse to wealth and prosperity, even though it turns out that for every digitally disruptive dollar that flows from the fingers of keyboard warriors, two dollars escapes the science lab into the economy. We're working with a few …
The flats at Coronation Avenue, as seen on Street View

Gov.UK tells Londoners: You too can cash in on the 'sharing economy'

London residents will soon be able to enter the so-called "sharing economy", under changes to the law allowing them to use websites such as Airbnb without the fear of a £20,000 fine. In the rest of the country, residents are able to let out their homes for short periods. But in London, under Section 25 of the Greater London …
Kat Hall, 11 Feb 2015
Sleeper

Legalising London's bed-hopping economy is POINTLESS

Exclusive There is no evidence to support claims that London residents have been fined for using sites such as Airbnb, despite moves by the government to push through headline-grabbing "sharing economy" legislation, El Reg can reveal. Last month, the government announced it would introduce an amendment to allow London residents to use …
Kat Hall, 12 Mar 2015
Cat on computer

Latest menace to internet economy: Gators EATING all the PUSSIES

Forget Norks, hacktivists and global cyber criminals, a far more clear and present danger is now threatening the future of the internet: a giant cat-eating alligator. As any student of the digital era will know, the sole reason that Tim Berners-Lee invented the web was in the first place was so people could eventually share …
Kat Hall, 20 Jan 2015
channel_teaser_money_top

HGST's Active Archive System and the 'currency of the new economy'

What better thing for a disk drive company to do than announce a drive array to archive data and increase demand for its spinning disks? HGST has gone and done just that with its Active Archive System array, built using acquired Amplidata object storage tech. Object storage technology views files as objects, with the content …
Chris Mellor, 08 Apr 2015

Sharing Economy sharks need love, cuddles and SUBSIDIES – UK.gov

Analysis The government’s controversial “Independent Review” of so-called “sharing economy” companies – such as Uber – has concluded that they should be encouraged to self-regulate while receive government nurturing and love – and your money. To lead the review, the government appointed Debbie Wosskow, the CEO and founder of LoveHomeSwap …
Andrew Orlowski, 27 Nov 2014

#VultureTRENDING: It's Pimpr, the latest sharing economy super app

The sharing economy is one of the most stunning and liberating things the world has ever known. Airbnb has let people monetise their unused rooms; Uber has let them monetise their unused cars; Ploppr has enabled people to strike a blow for organic farming by monetising their otherwise unused excrement. Now there's Pimpr, which …

Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold

The Ministry of Fun says it isn't going to put the Digital Economy Act's anti-piracy measures into use – and will instead leave it to the creative industry's newer, kinder and gentler awareness campaign, Creative Content UK, to school digital pirates. Creative Content UK (CCUK) works by emailing copyright-infringing downloaders …
Andrew Orlowski, 24 Jul 2014
Japanese phone pants

#VultureTRENDING: YESS! It's Pantsr, the Sharing Economy super app that delivers on the BOTTOM line

Get ready for the latest sharing-economy sensation! We here at #VultureTRENDING have exclusive details of the newest business firestorm set to hit the headlines - and the BOTTOM lines! Yes - it's Pantsr! In the same way that Uber has helped people to monetise their otherwise unused vehicles, Ploppr has helped them monetise their …

Govt control? Hah! It's IMPOSSIBLE to have a successful command economy

Worstall on Wednesday One of the perennials of the great economic debate is those who insist that if we centrally planned how the economy would run, it would all work much better than this messy competition, profit-and-loss and duplication-of-effort system we're stuck with at the moment. And it didn't all start with the Soviets. Back in late- …
Tim Worstall, 13 Aug 2014
Wheat harvest

Customisation is BAD for the economy, say Oz productivity wonks

Australia's Productivity Commission is complaining that high-value, highly-customised – artesan, in fact – products are a drag on national productivity. In its latest productivity report, the nation's flint-eyed economists have decided that the best thing for the economy is for every possible product to sink into an identical …
President Putin doing judo

Why has the Russian economy plunged SO SUDDENLY into the toilet?

Worstall @Xmas The best economic fun of the past few weeks has been watching the meltdown of the rouble and the associated problems in the Russian economy. OK, “fun” might not be quite the right word: schadenfreude, perhaps? Real people are undoubtedly, through no fault of their own, being made worse off by what is happening - so fun is almost …
Tim Worstall, 28 Dec 2014
Money image

Luxembourg: Engine-room of the tax-break economy

Four high-profile audit firms have been named-and-shamed as architects of a tax minimisation structure used by hundreds of the world's big-name companies, including a slew in the tech sector. The International Consortium of Investigative Journalists has published details of how the structure worked, along with identifying many …
Taxi Driver

Uber, Lyft and cutting corners: The true face of the Sharing Economy

Analysis More allegations have emerged of dodgy tactics on the part of car ride app Uber and rival Lyft – this time relating to so-called "brand ambassadors". Glossy gadget blog The Verge obtained and published the handbook Uber contractors allegedly follow to woo Lyft drivers, under something called Operation SLOG. Whether this is legal …
Andrew Orlowski, 29 Aug 2014
Photo of Jonathan Ive

Jony Ive: Apple iWatch will SCREW UP Switzerland's economy

Comment The New York Times has profiled the wearables market and there's an intriguing little hint that, as a designer, Apple's Jony Ive is in fact a great marketing guru. For he seems to be thinking that the iWatch is going to be so cool that it'll entirely screw over the Swiss watch industry. This isn't, needless to say, quite what is …
Tim Worstall, 05 Sep 2014

BROADBAND will SAVE THE ECONOMY, shriek UK.gov bods

The government claimed today that a £1.2bn investment of taxpayer money in the deployment of fast broadband networks would return £20 for every £1 spent from the public purse. Secretary of State for Culture, Media and Sport Maria Miller has come under fire in recent months. The Broadband Delivery UK contracts looked set to fall …
Kelly Fiveash, 14 Nov 2013

Osborne slashes growth forecast by half in bleak economy statement

Budget Day 2013 Chancellor of the Exchequer George Osborne "levelled" with the British public today by admitting that the economy remains in the toilet as he slashed growth estimates. "We've got to go on making difficult decisions so that Britain can live within its means," he told Parliament. But his grim statement to the House revealed that …
Kelly Fiveash, 20 Mar 2013
Uber - living the dream

Uber snaps up hip map startup

Uber, the "sharing economy" company which rose to infamy for being accused of profiteering during the Sydney siege, has bought data mapping and search startup deCarta. It is the first acquisition the controversial company has made since launching. Details of the deal were not disclosed. In a story that may or may not be true, …
Kat Hall, 04 Mar 2015

iPhone to account for half of US economy by 2030 - projection

Strange, terrible, yet curiously inevitable news today - the day before iPhone 5 day. Analysis based on figures from hefty Wall Street brains appears to show that the Jesus Phone is set to account for a large chunk - perhaps the majority - of US economic activity within a matter of decades. The Register's elite economic …
Team Register, 11 Sep 2012
The Register breaking news

'App Economy' has created 466,000 US jobs

Although Apple may be facing mounting criticism for outsourcing its manufacturing beyond US shores, creating 700,000 jobs in China and elsewhere, one tech-industry advocacy group claims that Apple, the Android ecosystem, Facebook, and lesser lights account for roughly 466,000 US jobs in what it calls the "App Economy". "Nothing …
Rik Myslewski, 08 Feb 2012

Microsoft and pals: Save the global economy by NOT ripping us off

Ditching dodgy software can rescue not just the UK from its financial worries, but the entire world, or so says the latest study from the Business Software Alliance. The BSA, comprising vendors including Microsoft, CA, Adobe, Apple and others, commissioned biz school INSEAD (once known as the Institut Européen d'Administration …
Paul Kunert, 23 May 2013

US economy defies Fiscal Cliff, creates plenty of IT services jobs

The US federal government's budget crisis at the end of 2012 did mess with America's economy and the jobs market in particular. But according to the latest employment report from the Department of Labor, companies were a tad more resilient in the face of the Fiscal Cliff than many had expected. As El Reg reported a month ago, …
netflix

Give ALL the EU access to Netflix, says Vince Cable

Seemingly frustrated at not being able to stream films in his Belgian hotel room, Business Secretary Vince Cable is calling for an "online single market" to address the weighty issue of making UK Netflix content accessible across the EU. Without unfair discrimination all online streaming services such as Netflix should be …
Kat Hall, 20 Jan 2015
Northamber

Northamber: UK economy stuck in 'U-bend', Olympics hasn't flushed it

Northamber's colourful boss says the UK economy remains stuck in the U-bend - not helped by the Olympics - and the industry is in a "state of flux" making short term forecasts less certain. So it is just another ordinary interim statement from David Philips, chairman at the Surrey-based wholesaler, who warned that Q1 turnover …
Paul Kunert, 14 Nov 2012
The Register breaking news

Facebook 'contributes' €15.3bn to EU economy... bitch

The UK economy might be down in the dumps, but there is a ray of sunshine from an unlikely source: Mark Zuckerberg's Facebook has supposedly helped to contribute £2.2bn to the country's GDP in 2011. Facebook added that – with a lot of help from the rise of mobile applications – it has "supported" 232,000 jobs in recent years …
Kelly Fiveash, 25 Jan 2012
cookies_eyes_privacy evercookies flash cookies

Ad man: Mozilla 'radicals' and 'extremists' want to wreck internet economy

Updated Randall Rothenberg, president and CEO of industry group the Interactive Advertising Bureau (IAB), thinks the Mozilla Foundation's policy on third-party cookies is way out of line, and he's taken to the web with a 4,000-word screed essay to make his case. It was in February that Mozilla first said that a future version of its …
Neil McAllister, 17 Jul 2013

We're off to DC! Silicon Valley startups start up law lobbying machine

Analysis Fresh from pressuring politicians in Indiana, Arkansas and Arizona to backtrack on social policy, Silicon Valley is heading to Washington DC to push the startup mindset into public policy discussions. A group of VCs, including Napster founder Sean Parker and big name investor Ron Conway, have set up the Economic Innovation Group …
Kieren McCarthy, 02 Apr 2015

Facebook is MORE IMPORTANT to humanity than PORTUGAL

Facebook has paid a bunch of consultants to make the dubious claim that the free-content ad network's worldwide economic value is far greater than the billions of dollars in sales it drums up each year. If figures from Deloitte are to be believed, Mark Zuckerberg's ego was stroked to the tune of $227bn, based on the assertion …
Kelly Fiveash, 20 Jan 2015
The Register breaking news

BT, TalkTalk lose final appeal against Digital Economy Act

Updated BT and TalkTalk today lost their final appeal against the UK government's measures to stamp out illegal file-sharing online. The telcos want certain sections of the Digital Economy Act repealed, and took their fight to Blighty's Court of Appeal after most of their arguments were tossed out by a High Court judge in April last …
Kelly Fiveash, 06 Mar 2012
The Register breaking news

BT, TalkTalk refused appeal against Digital Economy Act

BT And TalkTalk won't get another day in court against the Digital Economy Act, after the telcos were denied permission to appeal against the failure of their legal challenge to the Act earlier this year. "I can confirm that we've been refused permission to appeal the JR [judicial review] judgment by the Court of Appeal. We are …
Kelly Fiveash, 21 Jun 2011

China to become world's No 1 economy. And we still can't see why

Special Report China will become the world's biggest economy this year, overtaking the United States in GDP. As the FT drily notes, "Most economists previously thought China would pull ahead in 2019." So China powers on, at a greater pace than had been predicted by Western economic experts, who are supposed to know about these things. But our …
Andrew Orlowski, 22 May 2014
5_pounds_sterling_money_cash_moolah

Cost-cutting Serco says UK economy improving

IT outsourcing behemoth Serco Group says the outlook for the UK economy is decidedly brighter as the nation feels its way through the economic gloom. The services player reckons it is on track to meet 2012 targets with sales in the first half expected to grow 6 per cent, due to acquisitions made last year. In a steady-as-she- …
Paul Kunert, 14 May 2012
Angela Merkel's eyes

German chancellor DECLARES WAR on crap rural Wi-Fi

CeBIT 2015 German Chancellor Angela Merkel used the opening of CeBIT to present her 10-point plan to revive Germany’s digital economy. However despite some rhetoric about “Industry 4.0”, the 10 points are instead a rather uninspired collection of the same old ideas that every man and his goat trots out. “The competition is large, the …
Jennifer Baker, 18 Mar 2015
Huawei

Huawei profits tumble as global economy falters

China’s largest telecoms kit maker Huawei has seen its profits for the first half of 2012 slump by nearly a quarter, thanks to the sluggish global economy. Huawei said that although sales revenue for the period increased 5.1 per cent from the same time last year to 102.7 billion yuan (£10.4bn), operating profits tumbled 22 per …
Phil Muncaster, 25 Jul 2012
tumbling dice

Pure Storage preps for IPO: report

Pure Storage has appointed Morgan Stanley, Goldman Sachs and Barclays Plc to ready it for an initial public offering (IPO), says Reuters. Citing people familiar with the financial footling as its source, the newswire says the company thinks the markets will toss over US$3bn in its direction some time later this year. Pure …
Simon Sharwood, 07 Apr 2015

Has Google gone too far? Indie labels say it's crunch time for The New Economy

Indie music labels say today's tech giants are behaving more badly than the old record industry at its worst. At a press conference in London yesterday, the labels' reps explained why they're seeking emergency action against Google from Europe's anti-competition authorities: Google is negotiating music-streaming royalties with …
Andrew Orlowski, 05 Jun 2014

Phoenix IT Group blames former CEO and economy for woes

Phoenix IT Group chairman Peter Bertram fingered his former CEO and the fragile economic recovery as reasons why trade remains damp and profits have yet to rebound in a more meaningful way. At the half way stage of fiscal '14 for the six months to 30 September, the beleaguered LSE-listed firm reported a near six per cent decline …
Paul Kunert, 28 Nov 2013
Obama outlines NSA reforms

Obama makes net neutrality pledge in State of the Union

US President Barack Obama has mentioned net neutrality in the State of the Union address, and identified online security as a key future challenge. On net neutrality, the president had this to say: “I intend to protect a free and open internet, extend its reach to every classroom, and every community, and help folks build the …
Simon Sharwood, 21 Jan 2015
Android icon desktop toys

$30 Landfill Android mobes are proof that capitalism ROCKS

Worstall on Wednesday I've mentioned around here before that the shipping container has been one of the most revolutionary technologies of our times. Similarly, I've said that the mobile phone has had a vast effect on human wealth. The TL;DR version of mobes is that 10 per cent of the population with a mobile increases GDP by 0.5 per cent each and …
Tim Worstall, 18 Mar 2015
QL launch: Micro Men style

UK urged to stop bigging up startups, feed 'growing' firms

The UK must stop obsessing over startups and instead channel its resources into growing companies, a wide-ranging report has said. Britain now starts more companies per head than the US, but has a lower proportion of businesses gradually scaling up to become large companies, compared with the US and other nations, said the …
Kat Hall, 18 Nov 2014

Trade body, universities row over US patent troll act proposals

A spat has erupted between US universities and the trade body representing the $286bn (£193bn) consumer electronics industry, over a proposed crackdown on patent trolls. The row is centered upon the proposed Innovation Act, a bill which collapsed and died last spring in the Democratic-controlled Senate, but which has now been …
Kat Hall, 09 Apr 2015
TX4 Black Cab

Uber alles... nein! Deutschland imposes NATIONWIDE BAN on taxi app

Uber has been banned in Germany after a court in Frankfurt imposed a temporary injunction on the driving firm. Taxi Deutschland, a co-operative taxi industry group in the country, took Uber to court in Frankfurt claiming that the company is in violation of Germany’s passenger transport laws. According to a statement from the …

EMC flat-lining as economy continues to circle drain

EMC has scraped year-on-year revenue and profit hikes for its third 2012 quarter but reported ever-so-slightly lower numbers than the second quarter, a pattern not seen in the past two years. Quarterly revenues were $5.28bn with net profits of $626m. This revenue was up 6 per cent year-on-year and down 0.56 per cent sequentially …
Chris Mellor, 24 Oct 2012

Uber isn't limited by the taxi market: It's limited by the Electronic Thumb market

Worstall @ the Weekend We've had a look before at that valuation of Uber at $40k bar** and mulled over whether it makes any sense or not. And there's a little snippet of news out that shows that there might be more substance to it than most of us tend to think there is. It could, of course it could, still be just an absurdly over-hyped product of …
Tim Worstall, 25 Jan 2015

Virgin Media to splurge BEELLIONS on UK network infrastructure expansion

Virgin Media temporarily pushed BT's shares down more than 2 per cent on Friday, after it announced a juicy £3bn cash injection into Britain's internet infrastructure. The cable company, which was bought by John Malone's Liberty Global roughly 18 months ago, promised to bring broadband speeds of 152 Mbps to four million more …
Kelly Fiveash, 16 Feb 2015

Dailymotion staying VousTube thanks to Vivendi offer

Dailymotion, France's YouTube-botherer-in-chief, looks set to be bought by Vivendi after a Gallic government intervention. On Tuesday morning French media borg Vivendi confirmed it has made an offer for one of the world's biggest video-hosting websites, after news that Hong Kong-based telecoms company PCCW had pulled out of …
Jennifer Baker, 07 Apr 2015
Russia

Russia's Putin IT spend in reverse gear, fast

When the first dotcom bubble popped, the likes of EMC, Sun and Oracle didn't panic that the days of easy greenfield sales were over because the then-burgeoning economies of eastern Europe gave them new greenfields in which to romp. Russia, in particular, modernised quickly and became a decent-sized market for enterprise IT. But …
Simon Sharwood, 20 Mar 2015

Let it go, let it go ... Sales of games, video and music up for second year

Blighty sales of video, games and music rose 2.2 per cent to £5.66bn in 2014, with games sales alone up 7.5 per cent to £2.45bn, compared with the previous year. Sales were evenly split between physical and digital purchases, according to preliminary figures released by trade group Entertainment Retailers Association. This …
Kat Hall, 02 Jan 2015
bls_jobs_image bureau of labor statistics

IT job creation bucks up US economy

The US economy added more jobs than economists had been expecting in July, according to a report released Friday from the Department of Labor, and the IT sector did its part to push up the numbers once again as it has since the beginning of the Great Recession five years ago. According to the July jobs report (PDF), the private …