French tycoon Patrick Drahi’s Altice tops up stake in BT to 18 per cent for £1bn December 14, 2021 Patrick Drahi's Altice UK has this morning increased its stake in telecoms giant BT from 12.1 per cent to 18 per cent.
RWS reports healthy balance sheet as adjusted profits surge December 14, 2021 Technology-enabled language provider RWS has registered a 66 per cent increase in its adjusted profit before tax, going up to £116.4m from £70.4m last year. In its results for the year ended 30 September, the company’s basic earnings per share surged 20 per cent, going from 19.9p to 23.8p. RWS has reported a healthy balance [...]
Intel jumps into the metaverse with enhanced computing powers December 13, 2021 In its first public comments on its strategy for tapping into the "metaverse," Intel execs said the firm is working on software that will help laptops tap into computing power from other devices, including chips from its rivals, acccording to Reuters this evening.
Paul McCartney to invest in music start-up Audoo December 13, 2021 Former Beatle Sir Paul McCartney is reportedly among the investors financing music start-up Audoo. McCartney – joining the likes of music firm Tileyard London and Abba singer Bjorn Ulvaeus – is behind the app’s £7.2m funding round, the Times reported. In its pre-series B funding Audoo – which aims to revolutionise the royalty payment system [...]
London tops European fintech occupier index with £15bn funding December 10, 2021 London has beaten European capitals for the top spot in a new ranking table of the most attractive cities for fintech occupiers in Europe, according to reports. The capital, which has brought in over €18bn (£15.4bn) of fintech venture capital funding over the last five years, has kept its place at the top of the rankings compiled [...]
Italy slaps Amazon with €1.1bn fine for abusing market dominance December 9, 2021 Italy’s competitions watchdog has slapped Amazon with a €1.13bn (£965m) fine for harming rival e-commerce logistics services.
WhatsApp launches crypto pilot scheme for US customers December 9, 2021 WhatsApp has launched a new pilot scheme to allow a sample of its US customers to send crypto payments within messaging groups.
A European first: UK cuts technology trade deal with Singapore December 9, 2021 The UK has cut a technology-focussed deal with Singapore which looks to deepen trade ties with the Asian city-state. The Digital Economy Agreement seeks to play on the UK’s strength as a services exporter and will likely help London to continue muscling out continental rivals as the most technologically advanced city in Europe. International trade [...]
Vista drops out of billion-pound bidding war for UK tech firm Blue Prism causing investors to grumble December 8, 2021 The £1.22bn bidding war for technology group Blue Prism appears to be over after US Vista Equity Partners declined to increase its offer.
Genocide lawsuit: Meta defends itself as Rohingya people sue for £150bn December 7, 2021 Meta, the parent company of Facebook, has defended the actions it took to prevent hate speech against Rohingya muslims during the Myanmar genocide. Rohingya muslims are claiming £150bn in compensation from Facebook over its failure to crack down on groups inciting violence against the religious minority and algorithms which amplified and promoted hate speech. Yesterday, [...]
