The UK Digital Economy Act (DEA) was originally created with the intention of scaring pirates enough that they will not download, steal, or share any more files, but it seems that even with all its good intentions, the act has done little to stop pirates from doing what they want. Last week a group of policymakers, parliamentarians, and industry leaders all met in London to find out why.
France and Germany have come to an agreement before the weekend EU summit that allows the countries to boost the rescue fund of the Eurozone up to £1.75tn as part of a new plan to help calm the sovereign debt crisis and will be introduced to other leaders at the summit. The news came after severe market pressure was placed on France following a warning that Moody’s could remove the AA rating because of how much it costs to bail out the Eurozone members and the banks.
Groupon has finally set a price tag on its public offering valuing its total worth at £7.2bn making it the largest social media debut on the public stock market since LinkedIn debuted back in May of this year. A prospectus placed with the exchange and securities commission revealed that the company that is based in Chicago will place 30m shares up for grabs on Nasdaq which will total up to about 4.7% of its equity valued at share prices of $16-$18.
Lord Turner, the Chairman of the Financial Services Authority, has publicly stated that he may have been wrong about pushing the UK to adopt the Euro stating that he did not predict the sovereign debts of the EU and the Euro bank failures that occurred this year. In fact, known as being one of the largest advocates of the Euro, Turner bluntly stated in an interview he gave this month that he was wrong.
Turner originally believed that by taking the Euro the standard of living in the UK would be increased and would help to balance out the exchange rates that have dropped hurting export based businesses within the country. Continue reading
As rumours have floated around the technology world about HP’s future in the world of hardware, the company has confirmed that it will stop making phones, tablets, and PCs and instead refocus its development on software. It has also emerged that HP has already made plans to purchase the autonomy software firm for an estimated £7.1bn. HP is also thinking about selling off its personal systems group which would be huge given the fact this includes its large PC business and will make its webOS devices obsolete.
