Datacenter electricity demands could curtail London housing development

Datacenters might be the lifeblood of the modern digital economy, but for housing developers in some parts of London they could curtail building plans for the next 13 years. According to a report in today’s Financial Times, developers on the western side of the U.K. capital may be prevented from working on larger multi-tenant properties…

Spotify’s Friends Mix throws your pals’ music taste together in one playlist

Spotify is building on its collaborative, friends-oriented features by generating a personalized playlist for you and your pals. Friends Mix is an extension of Blend, the Spotify feature that merges the musical tastes of two users in one shared playlist. Users are also given a Taste Match score with this feature, displaying the percentage of…

Credit Suisse’s plans to scale back investment banking has competitors ‘dancing on their grave’

Hi. I’m Aaron Weinman. Credit Suisse wants to reduce costs at its investment bank. Competing investment bankers smell blood in the water as they circle their Swiss peer’s business. Before we dig into that, the Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point. I stopped by CBS to talk about…

Jeff Bezos toured Buckingham Palace and dined with Tom Cruise on a visit to London, report says

Jeff Bezos and his partner Lauren Sanchez in London this week. Ricky Vigil/Getty Images Jeff Bezos took a tour of Buckingham Place during a visit to London, The Sun reported. The Amazon founder later dined at a Mayfair restaurant with actor Tom Cruise.  Jeff Bezos is worth an estimated $145 billion, according to the Bloomberg…

Trump legal threat against CNN stops short of arguing that his election-fraud claims are true, says only that he ‘subjectively believes’ them

Former President Donald Trump. Michael B. Thomas/Getty Images Trump’s lawyers threatened to sue CNN for saying Trump was “lying” with his election-fraud claims. It did not say his claims were true, saying only that he “subjectively believes” there was fraud. It also used a Webster’s Dictionary’s definition to say Trump was not a liar. In…

Ford’s CEO says carmaker has ‘too many people’ amid reports it plans to cut 8,000 jobs in push to fund EV expansion

Jim Farley poses next to the newly unveiled electric F-150 Lightning, May 2021. JEFF KOWALSKY / Contributor / Getty Ford CEO’s hinted that the auto-giant could cut jobs in order ramp up EV production, per Bloomberg. “We absolutely have too many people in some places,” Jim Farley said in an earnings call. Farley aims to…

Russia has slowed flows of gas to Europe to a trickle – and the energy crisis could drag on until 2025, Goldman Sachs says

Russia is choking off Europe’s natural gas supply, cutting the capacity of its Nord Stream 1 pipeline 20%. Christian Charisius/Reuters Russia is choking off Europe’s natural gas supply, cutting the flows through the Nord Stream 1 pipeline to 20%. Gas prices finally eased Thursday after 6 days of gains, but have soared 145% since the…

Key trends helping payments disruptors take on financial services

Payments service providers are building an array of financial services to compete with financial institutions (FIs). The surging popularity of service providers has given firms huge client bases to whom they can push financial solutions.  Do you work in the Ecommerce and Retail industry? Get business insights on the latest tech innovations, market trends, and…

More than 75,000 Russian troops in Ukraine have been killed or injured, US says — one of the highest estimates so far

A Russian Sukhoi Su-34 shot down by Ukrainian anti-aircraft guns in a residential area of Chernihiv, April 22, 2022. Nicola Marfisi/AGF/Universal Images Group via Getty Images US officials think more than 75,000 Russians were killed or injured in Ukraine, reports said. Estimates for Russian troop losses have varied, but this is one of the highest…