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Articles about Economy

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

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

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 …
Taxi Driver

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

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

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

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

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

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, …
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

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

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
cookies_eyes_privacy evercookies flash cookies

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

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
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

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
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

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
The Register breaking news

BT, TalkTalk lose final appeal against Digital Economy Act

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
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 …
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
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
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
Samsung Galaxy Note II

One sixth of the ENTIRE PLANET will buy a new smartphone this year

One in six human beings are set to buy a new smartphone this year, Juniper has predicted, with the sales surge driven by the availablilty of mobes which cost under a hundred quid. It said international smartphone shipments will approach 1.2 billion this year, an increase of 19 per cent from the 985 million handsets shipped in …
Jasper Hamill, 16 Sep 2014

Blighty will be BIGGER and BETTER than Germany, confirm beancounters

Britain's teamsters may not be setting the sporting stage alight this summer but the local tech economy is heating up as it sprints to Euro glory. Figures from Chancellor George Osborne late last week showed that overall UK economic output is some two per cent larger than pre-financial crisis levels in 2008, after rising 0.8 per …
Paul Kunert, 28 Jul 2014

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

Japan makes Prius palatable with road map to hydrogen cars

Japan has outlined a 25-year roadmap to get hydrogen-powered cars onto its roads, hydrogen-powered machinery into its factories and fuel cells into millions of homes. The nation's Ministry, for Economy Trade and Industry, recently outlined the plan, which has three phases. In the first, the nation aims to commercialise a …
Simon Sharwood, 04 Jul 2014

Google: Why should we pay tax when we make 'intangibles'?

Irritated at global moves to lop the odd choc truffle off its outputs, Google has launched a spirited defense of its right to underpay taxes in Australia, on the basis that the benefits it brings to the local economy are intangible. In an upcoming profile piece in the Australian Financial Review's style-and-fashion supplement …

UK economy to lose £198m if BBC and pals lose EPG slots - Ministry of Fun

The evolution of channel surfing risks sidelining public service broadcasters such as the BBC and ITV, and has prompted the Department of Culture, Media and Sport (aka the Ministry of Fun) to work out how much a prominent position on our Electronic Programme Guides (EPGs) is worth. Legislation covering channel placement on EPGs …
Bill Ray, 30 Jul 2013
Uber logo

Deutschland, Uber allowed (for now): Ban on taxi app lifted

A judge in Germany has scrapped a temporary injunction banning Uber's taxi service in the country. Today's decision by the Frankfurt Regional Court overturns an earlier ruling that put Uber's German operations on ice as it battles a legal challenge from the nation's taxi drivers. The injunction was made as Uber and Taxi …
Shaun Nichols, 16 Sep 2014
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 …
Asteroid mining

Asteroid mining and a post-scarcity economy

In the last year, we've seen two commercial ventures announce different plans to harvest the material bounty of the solar system by mining asteroids. So are we at the foothills of a post-scarcity economy or are people blowing a lot of hot air on the latest fad du jour? In April, Planetary Resources announced a scheme to fire off …
Iain Thomson, 24 Jan 2013
distribution_channel

Why mergers LOSE money, but are GOOD for the economy

So the distribution sector has had yet another round of consolidation. Mergers, takeovers - these are the things that make an M&A banker's heart* thumpety-thump with joy. The big question, though, is whether this actually does any good for the shareholders of the various companies - you know, the people who actually own them? …
Tim Worstall, 11 Jan 2013
channel

US economy hands IT a mixed bag in December

It looks like the IT industry is faring no better or worse than the US economy as a whole when it comes to creating jobs. Private sector companies in the United States added 212,000 jobs in December, to some a sign that the economy is improving and to others that it is just bumbling along. Governments at the local, state, and …

Exposing China's vast underground economy

A new academic study has set out to illuminate for the first time the size and structure of the Chinese online underground, and found it affected nearly a quarter of the country’s internet users last year and cost the economy over 5 billion yuan (£500m). Investigating China’s Online Underground Economy was put together by …
Phil Muncaster, 18 Aug 2012
The Register breaking news

Net economy bigger than Ben Hur

The Internet isn’t just a curiousity or a medium for transmitting videos of cats and naughty bits: according to a Deloitte Access Economics report, its aggregate impact on the economy rivals that of Australia’s retail sector. According to The Connected Continent, billed as the first attempt to quantify the scale of the Internet …
The Register breaking news

BT, TalkTalk in court seeking axe for Digital Economy Act

Two of the UK's largest internet service providers are appearing in the High Court later today to try to overturn the government's Digital Economy Act. BT and TalkTalk say the Act is in breach of European privacy and human rights legislation. The law was passed during the fag-end days of the last government and saw little debate …
John Oates, 23 Mar 2011
bls_jobs_image bureau of labor statistics

US economy not eager to create jobs in April

The Bureau of Labor Statistics, the job-counting arm of the US Department of Labor, says that job creation in April was lower than economists had been expecting, but went back and revised its figures for February and March, saying that more workers found jobs than it originally thought. The latest jobs report (PDF) shows the …
Spooky angel doll

Hey, G20. Please knock it off with the whole tax loophole thing - we're good guys, really

A tech lobbying group has written to the OECD to try and stop the G20's efforts to close loopholes that let international firms legally avoid some of their taxes. The Digital Economy Group's letter was published by the think-tank along with other documents both for and against reforms to international tax laws, ahead of a …

The 'Digital Economy' in 2012: A big noisy hole where money should be

Thank the Zuck! We should all remember Mark Zuckerberg as we sing Auld Lang Syne this year. Facebook's photographic landgrab via its freshly acquired Instagram service has helped put some vital perspective onto 2012 - bringing home issues that were abstract or buried by political posturing. What Facebook is doing is merely what …
Andrew Orlowski, 30 Dec 2012
hands waving dollar bills in the air

Fraud a growth sector as UK economy stalls

Fraud is staging a come back in the channel as crims gamble on the desperation of some fretful business owners in the harsh economic climate. Stats from credit reference agency Graydon UK reveal a massive spike in fraud attempts, up 130 per cent for the first five months of 2011 to 214 cases, with company hijacking and cloned …
Paul Kunert, 27 Jul 2011
The Register breaking news

MP demands government rethink on Digital Economy Act

A Liberal Democrat MP is demanding a repeal of the Digital Economy Act having tabled an early day motion in Parliament yesterday, which so far has gained nine signatures from across the political spectrum. Julian Huppert wants the UK government to debate the issue in the House of Commons. Signatories include Labour MPs Tom …
Kelly Fiveash, 16 Jun 2011

Wall Street's internet darlings require an endless supply of idiots

The following stories have one thing in common. Can you guess what it is around the dinner table this evening with your friends? Last week Samsung announced the acquisition of a crowd-funded startup called SmartThings for $200m. USA Today wrote that the deal “has also once again validated the power of crowdsourcing platform …
Andrew Orlowski, 23 Aug 2014

Osbo's booze, bingo, biz and big data Budget

Chancellor of the Exchequer George Osborne presented what he described as a Budget for "the makers the doers and the savers" - and let's not forget the bingo players - in today's economy statement to Parliament. There was very little news for the tech world, with one notable exception: the announcement of the Alan Turing …
Kelly Fiveash, 19 Mar 2014
cloud_channel

IDC: Cloud really WILL save melting economy, just like the EU said

Only regulatory intervention by the EU will give punters the necessary comfort to dive into the cloud. Or so says beancounter IDC, in a study commissioned by the, er, EC, just weeks after the EC itself said it plans to cobble together industry standards across its 27 member states. The analyst "modelled" different scenarios and …
Paul Kunert, 22 Oct 2012
Volvo V60

Volvo V60 Plug-in Hybrid: Eco, economy and diesel power

Volvo’s new V60 Plug-in Hybrid is the second vehicle of its type to go on sale in Blighty after the Toyota Prius Plug-in, which we drove and reviewed last year. The Volvo, however, has the potential to be of more interest to prospective e-car owners. Why? It can drive further and faster using just electricity than the Toyota, …
Alun Taylor, 16 Aug 2013

Brit IT industry comes up for air after recession

There are fewer corporate pile-ups on the channel highway than at any point in more than a decade and a half, official stats from credit reference agency Graydon UK reveal. Some 31 firms bit the dust during the second quarter of calendar '14 - the joint lowest rate since 1998 - way down on the 89 recorded a year ago or the 61 …
Paul Kunert, 09 Jul 2014

You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary

A UK government-backed scheme to curtail the widespread use of pirated copies of music, television and film has officially been launched and - as expected - comes without any harsh penalties being threatened against persistent offenders. Instead, millions of pounds of taxpayers' money has been chucked at an education programme …
Kelly Fiveash, 21 Jul 2014
The Register breaking news

Osborne to SAVE ECONOMY with help from Media 2.0 websluts

Since the Tories came to power courtesy of a Coalition deal with the Lib Dems in May 2010, two words continue to be bounced around the walls of Whitehall: open and transparency. Later today, Chancellor of the Exchequer George Osborne will detail his painful plans to grow Britain's deflated economy. His autumn statement to the …
Kelly Fiveash, 29 Nov 2011
The Register breaking news

Digital Economy Bill minister stabbed

Stephen Timms, the Labour MP and former minister who was responsible for guiding the Digital Economy Bill through Parliament, was stabbed today in his East Ham constituency. The 54-year-old is currently in hospital and a 21-year-old woman is in police custody and being assessed by mental health specialists. Timms was attacked …
The Register breaking news

LinkedIn smashes through dire economy with HUGE sales jump

LinkedIn posted its first financial numbers on Thursday, after going public earlier this year, and surprised (almost) everyone by pinning a giddy revenue increase of 120 per cent on its Q2 results. The California-based company and Google neighbour just so happened to release those figures on what was a very bad day indeed for …
Kelly Fiveash, 05 Aug 2011