Huawei says US sanctions have no immediate impact on UK 5G supplies July 8, 2020 US sanctions targeting China’s Huawei have had no immediate impact on its ability to supply 5G equipment to the UK, a senior company executive said today. Huawei vice president Victor Zhang said it would take months to establish the impact of the US measures announced in May, which aim to cripple the firm’s ability to source the advanced [...]
Five steps to put digital at the heart of Britain’s recovery July 8, 2020 If, at the start of this year, you’d have told me that I was going to celebrate my brother-in-law’s thirtieth birthday via Zoom, I would probably have asked you what Zoom was. I certainly wouldn’t have guessed that I would have ministerial meetings, museum tours and even makeup lessons on the platform. But the world [...]
British tech firm Arm to offload IoT units to Softbank July 8, 2020 Chipmaker Arm is to spin off its internet of things (IoT) software and services divisions to parent Softbank, as it focuses on its core business. Japanese giant Softbank purchased the Cambridge tech firm in 2016 for £24.3bn. The deal triggered a review of foreign takeover rules in the UK after ministers became concerned the country [...]
Farewill raises £20m from Matches Fashion backer Highland Europe July 8, 2020 Will-writing tech startup Farewill has today closed a £20m investment led by Highland Europe, tripling its funding to date. New backers Keen Venture Partners, Headspace chief executive Rich Pierson, Broadhaven Ventures, and Venture Founders also participated. They joined previous investors, including London-listed fund Augmentum Fintech, Transferwise co-founder Taavet Hinrikus and Kindred Capital. Farewill, which is [...]
Hong Kong: All the tech firms pausing activity after China’s security law July 7, 2020 A host of tech giants have said they will be pausing the processing of requests by authorities in Hong Kong to review user data, following a strict new security law passed by China last week. China’s parliament has approved the national security law in Hong Kong, which pushes the city state towards a more authoritarian [...]
Zoom and Linkedin join tech giants in pausing requests from Hong Kong July 7, 2020 Microsoft’s Linkedin and Zoom are the latest tech companies to reveal they will be pausing all requests to review user data from authorities in Hong Kong, in light of new laws in the region. Zoom said it has paused processing of all data requests from and related to Hong Kong, while Linkedin said it has [...]
Peter Thiel’s Palantir confidentially files to go public July 7, 2020 Data analytics firm Palantir said it has confidentially filed paperwork with the US Securities and Exchange Commission (SEC) to go public. Palantir is planning public listing of the Class A common stock, but has not disclosed the size of the listing. It is not known whether Palantir will pursue a traditional initial public offering or [...]
Deutsche Bank signs multi-year strategic deal with Google July 7, 2020 Deutsche Bank has today agreed a 10-year strategic partnership with Google that will see the tech giant overhaul the bank’s outdated back-end technology. Google beat out bids from Microsoft and Amazon among others for the deal, which will give Deutsche access to cloud services and drive fintech innovation between the two companies. The deal is [...]
Micro Focus shares drop as it swings to $1bn loss July 7, 2020 The coronavirus pandemic has pushed Micro Focus to a $1.03bn loss, causing concerns for investors as tech businesses struggle through the crisis. Micro Focus reported a pre-tax loss of $1.03bn for the six months to the end of April, compared to a profit of $1.4bn for the same period last year. Shares in the London-listed [...]
Commodities trading made easy thanks to mettalex’s decentralised platform July 7, 2020 | Sponsored Barriers to entry in the sometimes complex and often opaque world of commodity trading may soon be lowered thanks to Mettalex’s innovative platform that promises to deliver a low-cost, low-risk and easy-to-use solution. Mettalex, which is powered by Fetch.ai’s decentralised infrastructure, is in the final stages of testing ahead of a planned launch later this [...]
