Metaverse switch: Young people jump ship from Facebook and embrace virtual reality platform March 15, 2022 The metaverse could become a mainstream way to make friends and even date, with nearly a fifth of young people ready to ditch more conventional social media platforms. With more than a tenth having already made their own metaverse avatar, data from Zen Internet highlighted that 18 per cent of 16-24 year olds are already [...]
Pfizer to donate Russian profits to Ukrainian humanitarian support March 15, 2022 Pfizer is set to donate all of its Russian profits to humanitarian support for Ukraine, the company confirmed late last night, as it vowed to continue to supply medicines to Russian patients. The biotech giant, which rose to fame amid the pandemic, said in a statement that “a voluntary pause in the flow of our [...]
Tech giant Arm to slash hundreds of jobs after Nvidia $40bn takeover falls through March 15, 2022 Cambridge-based technology titan Arm has announced it will slash hundreds of jobs after a $40bn sale to a US tech firm fell through. The chipmaker has informed staff it will cut up to 15 per cent of roles, following the collapse of a sale to rival Nvidia last month. Arm’s chief executive, Rene Haas, told [...]
Uber fares could rocket 20 per cent as ride-hailing app foots VAT bill March 14, 2022 Uber could hike prices by as much as a fifth from tonight as the ride-hailing giant faces fresh VAT charges. It comes after the company was forced to implement changes following the High Court ruling last year, which said that Uber could not be viewed as an agent but must be regarded as a contractor. [...]
Facebook ‘do not permit calls to assassinate a head of state’: Meta narrows hate speech following Russian backlash March 14, 2022 Facebook owner Meta Platforms said it would be narrowing the scope of its content moderation policy for Ukraine after Russian backlash over the weekend.
UK Space Agency pumps extra cash into landmark space projects March 14, 2022 The UK Space Agency is set to inject £2m into new space projects, including a Rolls-Royce plan to develop a power station in space which could power the generation of water, breathable oxygen and fuels for solar exploration. “The support of the UK Space Agency has been instrumental in enabling the continued progress of the [...]
Can the world’s first climate change escape room really help us change the ways we act? March 11, 2022 I’m standing in what used to be a Paul Smith store in Covent Garden, but instead of browsing for snazzy striped shirts I’m on my hands and knees, poking my head through a hole in a table and blowing air at a model wind turbine. Can I simulate the process of making green energy all [...]
London-based Lendable tops £3.5bn valuation after fresh funding round March 10, 2022 London-based lending platform Lendable has announced a £210m funding injection today that pushes its valuation north of £3.5bn, as it looks to accelerate a push into new markets.
London consumer tech firm bags $70m to pump into product design March 9, 2022 London-based earphone maker Nothing has bagged a $70m funding round today to pump into product development as it opens up a new design hub in the capital.
Huawei UK directors quit over firm’s silence on Russian invasion March 9, 2022 Two British board members of Huawei’s UK subsidiary are set to resign over the Chinese telecoms giant’s refusal to condemn Russia’s invasion of Ukraine. As first reported by Mark Kleinman for Sky News, Sir Andrew Cahn and Sir Ken Olisa notified the company today that they intend to step down from their positions as non-executive [...]
