EU countries must urgently diversify 5G suppliers in Huawei aftermath, Commission says July 24, 2020 EU countries must take urgent action to diversify their 5G suppliers, the European Commission said today, a move set to shrink Huawei’s presence in Europe as the US pressured the bloc to follow the UK and ban the Chinese company from 5G networks. In November last year, the European Union agreed to take a tough [...]
Garmin shuts down as ransomware attack causes outage July 24, 2020 Garmin has been forced to shut down some of its operations after a ransomware attack caused an outage that left its fitness devices disconnected for almost a day. The wearable sports technology maker shut down services including its official website and customer services, including all phone lines, online chat tools and email. It also shut [...]
Apple shares sink on US deceptive practices probe report July 23, 2020 Shares in Apple fell more than four per cent this evening following a report that the tech firm is facing a probe in multiple US states, which allege it engages in deceptive practices. A March document obtained by a tech watchdog group showed the Texas attorney general may sue Apple for violating the state’s deceptive trade practices [...]
Musk’s SpaceX in talks to raise funds at $44bn valuation July 23, 2020 Rocket company SpaceX is said to be in talks to raise a new round of funding at a $44bn valuation, following a successful few months for the tech firm. SpaceX is seeking to raise approximately $1bn priced at $270 per share, people familiar with the matter told Bloomberg. Helmed by tech billionaire Elon Musk, SpaceX [...]
Tesla sues Amazon-backed rival Rivian over technology secrets July 23, 2020 Tesla has filed a lawsuit against electric truck-making startup Rivian, accusing it of stealing trade secrets and poaching its employees. “Rivian is knowingly encouraging the misappropriation of Tesla’s trade secret, confidential, and proprietary information by Tesla employees that Rivian hires,” the company said in a lawsuit. The filing pointed to four former Tesla employees for [...]
UK tech sector to be hit harder than France or Germany in 2020 July 23, 2020 Technology spending is set to be hit harder in the UK than in France or Germany, new research revealed, as different approaches to the pandemic weigh on the sector. Research from Forrester said the UK will be most heavily impacted, with an expected tech decline of up to 9.3 per cent in 2020, followed by [...]
Facebook takes aim at Zoom with Messenger live broadcasts July 23, 2020 Facebook today revealed a new feature for its Messenger chat service, which allows users to live-stream their video meetings to Facebook with up to 50 other people. The update poses a direct challenge to video conferencing app Zoom, which charges its users to broadcast meetings to other platforms. Combining Messenger Rooms with Facebook Live, users [...]
Apple co-founder Wozniak files bitcoin scam lawsuit against Youtube July 23, 2020 Apple co-founder Steve Wozniak is leading a lawsuit launched by tech entrepreneurs against Google and its video site Youtube, over a series of bitcoin scams which use his name and image. Wozniak has accused Youtube of failing to deal with the problem, and ignoring his requests to have the videos taken down. The scam, which [...]
Twitter suffers advertising revenue slump amid pandemic and US protests July 23, 2020 Twitter suffered a 23 per cent slump in advertising revenue in the second quarter due to the coronavirus pandemic and civil unrest in the US. The social media giant said today that advertising revenue was $562m, down 23 per cent year-on-year. The company said it had seen a “gradual, moderate recovery” compared to March, however [...]
From Mad Men to micro-targeting: The internet has democratised advertising July 23, 2020 The coronavirus pandemic has shown that the internet is something we can no longer live without. It has helped us to connect with loved ones we have been unable to physically meet, build communities and groups online to provide help to those who needed it most, and crucially it has enabled small businesses to continue [...]
