Every tenth job-seeker in UK's technology industry is foreign. This is according to a new report by the job site Indeed, which adds that job seekers coming from outside the European Union are most interested in technology jobs in the country.On the other hand, three in four most in-demand UK jobs, among high-skilled job-seekers, are in technology. SAP consultant, iOS developer, Android developer and Java developer are the jobs that are most in-demand today, with an average salary of £52,000.India has more candidates for these positions than any other country, the report adds, saying that the country has become an 'IT superpower', which produces a large number of highly-skilled tech professionals.The UK tech sector is becoming 'increasingly reliant' on the Indian manpower, it was added.On the other hand, people from the European Union, that are looking for work in the UK, are more interested in skilled positions, but those that pay less – language teaching, international … [Read more...] about UK tech sector still able to attract talent despite Brexit
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The world’s biggest tech investor will target a $21 billion IPO in December
Japanese conglomerate SoftBank is launching an initial public offering (IPO) of its mobile division in December. The IPO is set at 2.4 trillion yen, roughly $21 billion, making it one of the biggest floats ever. SoftBank is known for its investments in tech, many of which are done through its Saudi-backed Vision Fund. SoftBank has been granted approval for an initial public offering of its telecoms division at 2.4 trillion yen ($21.04 billion), a filing showed on Monday. A new entity called SoftBank Corp will list on the Tokyo Stock Exchange in December 19, and the price will be set on December 10. The company is selling 1.6 billion SoftBank Corp shares at 1,500 yen each, with the parent company holding on to a 66.5 % stake. An anonymous source told Reuters that more than 80% of the shares will be offered to domestic retail investors. The IPO is already being reported as one of the “biggest IPOs ever.” SoftBank is famous as an … [Read more...] about The world’s biggest tech investor will target a $21 billion IPO in December
Giant tech firms like Uber and Tesla are lapping up junk debt, here’s why investors are lining up to lend it
caption Tesla CEO Elon Musk. source REUTERS/Noah Berger WeWork, Uber and Tesla are banking on their brand name appeal to pile on junk debt typically deemed too risky for lesser known peers with better credit. Investors are eager to lend to them, favoring companies’ potential over their underlying financial health, because those chasing yield haven’t had a lot of choice lately. “In general, unicorns don’t belong in high yield,” says one fund manager. Some of the biggest darlings of the tech industry have joined Tesla recently in piling on cheap debt to fuel booming growth plans, relying on their size and brand-name appeal to secure funding typically deemed too risky for lesser-known peers with better credit. WeWork, rated B, (otherwise known as junk) issued a $702 million bond in April. Uber issued a $2 billion junk bond deal last month, despite rapid cash burn and growing competition. And while … [Read more...] about Giant tech firms like Uber and Tesla are lapping up junk debt, here’s why investors are lining up to lend it
Europe’s biggest tech company SAP snaps up Qualtrics for $8bn
Europe's most valuable tech firm, enterprise software provider SAP, has bought survey company Qualtrics for $8bn (£6.2bn) in cash days before the US business was due to go public in an estimated $5bn float. The deal gives SAP new weight in its cloud and user experience data. Founded in 2002, Qualtrics makes survey and research software for 9,000 enterprise customers. SAP chief executive Bill McDermott said Qualtrics' upcoming listing was already oversubscribed. The company reported a small profit in its most recent filing of $1.5m with $290m in revenue. Its biggest rival, Survey Monkey, went public in September valued at around $1.25bn, although Qualtrics has been growing faster and is more profitable. It is just the latest acquisition for a legacy software company, after IBM snapped up open-source provider Red Hat for $34bn and Microsoft bought GitHub. Adobe, meanwhile, secured marketing software company Marketo for $4.75bn. Big software companies are … [Read more...] about Europe’s biggest tech company SAP snaps up Qualtrics for $8bn
Alibaba’s inexpensive smart display tech makes shopping easier for the visually impaired
Tech giants are generally slow when it comes to making their products accessible to the differently abled. But lately, some of them have been working on innovative projects that will accommodate more users. One of the most interesting of these comes from Chinese tech conglomerate Alibaba, which introduced a smart display technology to help the visually impaired with shopping and payments on their phones. As per a TechCrunch report, Alibaba’s R&D wing, Damo Academy, collaborated with China’s Tsinghua University to develop a cheap silicone sheet with sensory buttons that go on top of a smartphone display. The sheet – which costs just 3.6 cents to produce – has three small buttons on each side; you can press them to perform actions like ‘Confirm’ or ‘Go back’ while using supported apps. Hard Fork Decentralized is our delightful new event It’s in London from December 12-14 Join us Currently, the smart film works with special … [Read more...] about Alibaba’s inexpensive smart display tech makes shopping easier for the visually impaired