Taiwanese iPhone maker snaps up stake in China’s top chip firm amid geopolitical storm July 13, 2022 Taiwanese iPhone manufacturer Foxconn has reportedly bought a stake in China’s top chip maker, amid escalating geopolitical tensions between both nations. The deal, which will require approval from Taiwan’s investment commission, forms part of an effort to increase its chip shareholdings in recent months after demand soared during the pandemic. It comes as state-backed Tsinghua [...]
UK startup firm Codebase to receive £42m in public money to launch network of tech hubs July 13, 2022 A British tech company is being given up to £42m from the Scottish Government to create a network of tech industry hubs. Codebase is being given the contract, which is described as one of the government’s largest ever investments in entrepreneurship. The hubs are designed to allow start-up businesses to scale up and access advice [...]
Snap trials NFT filters as tech firm fights for Gen Z attention July 13, 2022 Snap may be on the verge of non-fungible token filters as the tech company continues to battle its rivals.
Google slows down hiring for rest of 2022 amidst economic uncertainty July 13, 2022 Google will slow hiring for the rest of the year as economic gloom sets in. Sundar Pichai, CEO of Google parent company Alphabet, informed employees in an email yesterday, according to CNBC. “The uncertain global economic outlook has been top of mind,” he said. “Like all companies, we’re not immune to economic headwinds.” The company [...]
GetBusy increases full year guidance despite market volatilities July 13, 2022 GetBusy has increased its revenue guidance for the full year to £18.4m despite current market volatilities. In the six months ended 30 June, the productivity software provider posted a 21 per cent increase in its annual recurring revenue to £18m, while recurring revenue went up 19 per cent to £8.5m. Following a loss of £472,000 [...]
Government braces to fund ‘substantial’ number of Covid-19 vaccine liabilities July 13, 2022 The government is bracing to fund a “substantial” number of liabilities relating to negative impacts from Covid-19 jabs, having spent more than £34bn on the vaccine rollout so far. The Department of Health and Social Care told vaccine manufacturers at the start of the programme that it would cover future claims against producers for [...]
David And Goliath: UK’s ShortsTV files lawsuit against Google’s YouTube Shorts over trademark July 12, 2022 UK based ShortsTV has filed a lawsuit against Google for its TikTok-style YouTube Shorts business over a trademark row.
Exclusive: Oxylabs CEO on why controversial web scraping is coming out from the shadows July 12, 2022 The world’s largest and most progressive companies depend on web scraping, a technology that allows large-scale public online data gathering. Web scraping allows them getting deep knowledge of the market they are operating in, it is behind the competitor analysis and even influences product assortment. However, the potential of web scraping remains untapped – many [...]
Ofcom opens 999 monitoring system for telecom firms as UK pushes forward with digital transformation July 11, 2022 Ofcom has opened a new monitoring programme to determine whether telecoms providers are complying with rules designed to ensure that people can contact the emergency services at all times.
Software giant Atlassian leaves UK in setback for the City’s tech hopes July 10, 2022 Australian software giant Atlassian is quitting the UK and shifting to the US in a fresh blow to London’s ambitions to establish itself as a global tech hub.
