Pfizer Covid-19 revenue halves but CEO remains bright on outlook November 1, 2022 While Pfizer’s Covid-19 revenue is declining, the pharmaceutical giant has raised its outlook for the whole year after pocketing a collective revenue of $22.6bn (£19.6bn) in the past few months. The Big Pharma firm had the revenue from its Covid-19 vaccine Comirnaty plunge by 65 per cent to $4.4bn (£3.8bn) in the third quarter. However, [...]
Local cabbie prices could spiral following Uber lawsuit over VAT November 1, 2022 Taxi firms could be forced to up their prices by a fifth as Uber calls for cabbies across the country to pay VAT on their journeys. A High Court hearing is expected to be handed down this week after the ride-hailing giant sued Sefton Council about VAT terms operating outside of London. Since the 1970s, [...]
UK should ‘future proof’ economy via cutting-edge green tech, says Kemi Badenoch November 1, 2022 International Trade Secretary Kemi Badenoch thinks the UK must “future-proof” its economy by investing in cutting-edge green technologies In a speech to the green trade and investment expo in Gateshead, Tyne and Wear, later today, Badenoch will say new technologies to combat climate change are creating high-paying skilled jobs while providing a route to future [...]
Miniclip CEO: ‘We’ve always followed where the players go, and the players are going to mobile’ November 1, 2022 Miniclip, the platform behind 8 Ball Pool, has shuttered its website as gamers once knew it, as the company follows consumers off desktops and into pockets. Speaking to City PM, CEO Saad Choudri explained that the rise of mobile gaming left it a no-brainer for the company to step away from browser-based entertainment despite its [...]
Musk becomes sole Twitter director after dissolving board October 31, 2022 Elon Musk has dissolved the board of Twitter and appointed himself sole director of the firm as he pushes ahead with a major restructuring plan that could see a quarter of staff laid off.
Apple’s main iPhone maker heads for production woes as Covid curbs tighten October 31, 2022 Apple’s main mobile maker Foxconn is preparing to shift production to other parts of China as Covid curbs continue to tighten across the country. Sources told Reuters that the production of the iPhone could slump as much as 30 per cent following the factory disruption. The main plant in Zhengzhou employs over 200,000 people and [...]
Tech could get Britain’s net zero target back on track October 31, 2022 Tech could get Britain back on track to meet its net zero commitment after the chair of the independent Climate Change Committee warned that progress on the target had gone awry in recent months. With the UN’s flagship climate conference COP27 in Egypt one week away, Committee chair Lord Deben told The Independent today that [...]
Britishvolt ‘actively working’ on stability amid reports of imminent collapse October 31, 2022 Electric vehicle battery startup Britishvolt is on the verge of collapse, after reportedly running its cash pile dry.
Ransomware conference hosted by White House to be attended by 35 countries and EU October 31, 2022 A ransomware conference with 35 countries, the European Union and some major tech firms will be hosted by the White House. The US President will convene the International Counter Ransomware Summit over two days, with it expected to be attended by security officials, including the FBI’s director and national security adviser. According to reports, a [...]
Twitter plans to charge users $20 for blue tick verification as Musk pushes for revenue growth October 31, 2022 Elon Musk is reportedly gearing up to introduce paid verification on Twitter in a bid to drive up revenue. According to initial reports from The Verge, Twitter is currently planning to charge $19.99 for the new Twitter Blue subscription, adding to the current optional premium offering it has. According to insiders and internal correspondence seen [...]
