Articles about Economy

Sleeper

Oi, Europe: join in the sharing economy fun, yells Gov.uk

Blighty is demanding Europe make it easier for sharing economy companies by cracking down on those spoilsport member states who "unlawfully" get in their way, Gov.uk said today in a "non-paper" on the subject. "We need a measured approach: putting a hold on reactive bans which don’t recognise the reality of internet-enabled …
Kat Hall, 20 Jul 2015
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 …
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
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
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
Man drinking through a straw CC2.0 attribution Bradley Gordon https://www.flickr.com/photos/icanchangethisright/

Sharing Economy latest: Women's BREAST MILK is the new 'liquid GOLD' of the internet

Perhaps you don't think that there's a massive and highly lucrative trade in human breast milk on the internet, much of the milk apparently being quaffed by adult men? Perhaps you need to pull your head out of the "real" world, get back online and get up to speed, my friend. To be fair, we here on the Reg breasts-and-related- …
Lewis Page, 18 Jun 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
Steve Jobs memorial in Russia

Apple BIGGER than the U.S. ECONOMY? Or Australia? Or ... Luxembourg?

Analysis Apple's results are out - and it's time for the traditional game of trying to work out how much richer than which country the company is. With sales at $58 billion for the quarter, profits of $13.7 billion and depending upon how absurd we want to make our method of measurement this makes it the same as the US economy, the size …
Tim Worstall, 28 Apr 2015

#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 …
Facepalm

MIT bods' digital economy babblings are tosh. C'mon guys, Economics 101

Worstall on Wednesday We've one of those lovely open letters floating around. Where the Great and the Good, the Wise Thinkers, tell us all how we've got to organise the world to accord with their prejudices about how it should be ordered. This particular one, an “Open Letter on the Digital Economy” (versions here and here) is about what we've got to …
Tim Worstall, 10 Jun 2015

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 …
Sleeper

Airbnb beats actual posh hotel chain with stupidly large valuation

Airbnb is shortly expected to unveil a valuation of $24bn (£15bn), meaning it will soon be worth more than actual hotel chain Marriott, according to reports. This month, Airbnb expects to close a $1bn (£628m) funding round at a $24bn valuation, "people familiar with the matter" have whispered to the Wall Street Journal. In …
Kat Hall, 18 Jun 2015
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

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
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

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

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
greece

Crowdfunded beg-a-thon to bail out Greece raises 0.003% of target

A well-meaning, if definitely doomed, attempt to crowdfund a bailout for soon-to-default Greece has been launched on Indiegogo by a Yorkshireman who works in a London shoe shop. Pitched as a bailout fund for Greece, replete with Gettysburg Addres-style "by the people, for the people" rhetoric, Thom Feeney aims to raise €1,600, …
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

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

Cisco gobbles OpenDNS, sorts out cloud security portfolio

Cisco will buy privately held net security firm OpenDNS for $635m in cash, to make good its cloud security portfolio and boost the networking giant's "security everywhere" approach. Announcing the deal today, the leviathan is offering the bundle of cash alongside assumed equity awards, plus retention based incentives for OpenDNS …

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, …

WTO cuts tariffs on $1tn worth of 'IT' gizmos

Wealth is now available to all in IT, following the World Trade Organisation's members agreeing to update the Information Technology Agreement, cutting tariffs on $1tn worth of IT products. Finalised on Friday, the members of the World Trade Organisation (WTO) have agreed that tariffs ought to be cut on IT products, from new …
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
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
shutterstock_must credit and link

Lobbynomics: The EU’s digital dossier that doesn't add up

Analysis A key pillar of the EU’s “Digital Single Market” strategy has systemic flaws and EU officials should stop using it, say researchers who analysed the dossier. The IP Growth Index of the Lisbon Council think tank was prepared by council fellow Benjamin Gibert. But it is “a showcase of methodological blunder”, according to an …
Andrew Orlowski, 30 Jun 2015
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
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
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
Glorious future of China

China unveils Internet Plus plan for FIRST time (actually third time)

Back in March, Chinese Premier Li Keqiang announced the “Internet Plus” plan, an effort to stimulate China's growth. In late June he did it again at a State Council Meeting. And over the weekend he did it again, announcing that an “action plan” is now in place to make Internet Plus a reality. The plan – reported in identical …
Simon Sharwood, 06 Jul 2015
angry_woman_mobile_cropped_648

Women are fleeing from the digital sector, reckons UK.gov report

Fewer women are working in the digital sector than a decade ago, according to a report by the UK Commission for Employment and Skills quango. Currently just one quarter of employees are women in digital businesses such as software development, visual effects and computer games - down from one-third in 2002 - according to the …
Kat Hall, 11 Jun 2015
Elephant

UK.gov: Are we talking about Big Data enough? Should we plug it more?

The UK government's Science and Technology Committee has today opened an inquiry tasked with "examining the opportunities and risks of big data." The inquiry will look at whether the government is doing enough to promote the tech to Blighty's entrepreneurs, as well as issues around data protection and privacy. Nicola …
Kat Hall, 27 Jul 2015
Uber launch party by https://www.flickr.com/photos/5chw4r7z/ CC2.0 sharelalike attribution https://creativecommons.org/licenses/by-sa/2.0/

It's all Uber! France ends its love affair with ride-sharing app

Ride-sharing app Uber announced on Friday that it was ditching its French service. Following a week of increasingly violent clashes with traditional taxi drivers, the San Francisco-based company announced that its popular Uberpop service would be suspended from 8pm tonight and would no longer appear on users’ app lists. “In …
Jennifer Baker, 03 Jul 2015
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

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

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

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

So what would the economic effect of leaving the EU be?

Worstall @ the Weekend Now that the election's over (result unknown as I write) it's possible to perform for a reader request: what would the economic effect of Britain leaving the European Union be? Given that I'm a known 'kipster I didn't want to do this pre-election: I'm here at El Reg despite my 'kipness, not because of it and thus wanted to steer …
Tim Worstall, 10 May 2015
Swatch

Who's the big Swiss bunch that wants to take Sir Jony's lunch? It's... SWATCH!

1980s fashion icon Swatch has confirmed it is working on a smartwatch. The Swiss biz on Thursday said it will produce a wrist-puter that will include electronics for NFC payments. CEO Nick Hayek told shareholders the new model is set for an August launch in Switzerland and "one big country" that has yet to be named. Other …
Shaun Nichols, 28 May 2015
Bebo president Joanna Shields

Ex 'Tech City' chief Shields appointed junior Fun minister for internet safety

Tory Baroness Joanna Shields OBE, ex-Tech City supremo, ex-head of Bebo*, ex-head of Facebook Europe and ex-MD of Google EMEA, has been appointed minister for internet safety and security. Shields was awarded the OBE in the 2014 New Year’s Honours list and elevated to the peerage the following August. The Telegraph reports that …
Simon Rockman, 18 May 2015