The world’s most valuable resource is no longer oil, but data

NEW commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to restrain those who control its flow. A century ago, the resource in question was oil. Now similar concerns are being raised by the giants that deal in data, the oil of the digital era. These titans—Alphabet (Google’s parent company), Amazon, Apple, Facebook and Microsoft—look unstoppable. They are the five most valuable listed firms in the world. Their profits are surging: they collectively racked up over $25bn in net profit in the first quarter of 2017. Amazon captures half of all dollars spent online in America. Google and Facebook accounted for almost all the revenue growth in digital adv

Why EU Withdrawal Bill 'delay' matters

So what if it's taking a bit longer for the government to dot the I's and cross the T's? So what if the government might not get an obscure piece of legislation through the Commons by Christmas? So what if that means the Remainiac Lords won't have a chance of letting it on to the statute books before the spring? Well, it might not sound that exciting, the suggestion this morning that the government's withdrawal bill won't be back in the Commons next week, and maybe not even until after MP s autumn recess. But it really matters. The whole point of the potential new law is to provide certainty for business and, frankly, everyone else. EU law is meant to be transferred across to the British sta

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