Uber shares slip after London licence loss November 25, 2019 Uber’s share price has slipped after falling close to a record-low in pre-market trading in response to the app’s loss of its London licence. Shares in the New York-listed company were down three per cent to $28.66 in pre-market trading, wiping almost $2bn off Uber’s market cap. However, shares trimmed losses to stand 1.4 per [...]
Software firm Cerillion posts record results thanks to booming telecoms demand November 25, 2019 London-based software firm Cerillion today hailed a record set of full-year results after it secured a string of major new contracts amid growing demand. Read more: London software firm Kape snaps up US cybersecurity company for $95m Cerillion posted an eight per cent rise in revenue to £18.8m in the 12 months to the end [...]
Sir Tim Berners-Lee warns of ‘digital dystopia’ as he unveils plan to save the web November 25, 2019 World wide web creator Sir Tim Berners-Lee has warned of a “digital dystopia” as he launches a plan aimed at tackling the misuse of the internet. The British computer scientist will unveil a string of new standards at an event in Berlin today amid fears of online harms such as foreign interference in elections, hate [...]
Weakest UK tech sector growth since 2015 amid slowdown in demand November 25, 2019 The UK’s tech sector grew at the slowest rate in almost four years in the third quarter as a global economic slowdown and domestic political uncertainty dented the industry, new research shows. The tech sector was hit by a downturn in new work for the first time since 2012 during the three months to 30 [...]
Former boss launches legal action against struggling tech firm Ve Global November 24, 2019 The former head of Ve Global has launched a legal claim against the embattled tech company over a missed payment. David Marrinan-Hayes has lodged a winding-up petition against Ve Global over the company’s failure to pay a settlement linked to his departure in March, the Sunday Times reported. Read more: Interest in UK tech jobs [...]
Wework names four new executives and outlines six-point plan for profitability by 2023 November 23, 2019 Wework has named four men to take on executive roles at the firm and outlined a six-point path to profitability. The office-space operator said it will not be cash flow positive until 2023. Read more: New York State attorney general reportedly investigating Wework Executive chairman Marcelo Claure, told Business Insider the company’s attributes are in real [...]
EU members back tough stance on 5G suppliers in potential blow to Huawei November 23, 2019 European Union countries are endorsing a tough line on selecting 5G suppliers in a potential blow to market-leading telecoms equipment supplier Huawei. At a meeting in Brussels on Friday, ambassadors for EU states agreed to an approach which includes vetting the domestic legal framework 5G suppliers are subject to. Read more: Trump administration grants Huawei [...]
Amazon files lawsuit contesting Pentagon’s decision to award $10bn contract to Microsoft November 23, 2019 Amazon has filed a lawsuit contesting the Pentagon’s decision to award an up to $10bn cloud computing contract to Microsoft. A spokesperson for Amazon said the company had filed a complaint and supplement motional for discovery with the US Court of Federal Claims. Read more: Amazon to appear Pentagon’s decision to award Microsoft $10bn cloud [...]
Huawei: The fake choice between US and China will weaken the world economy November 22, 2019 Over the last year, the UK and its European partners have been asked to make a false choice between the US and China. What started with a series of false claims about Huawei’s role in telecoms infrastructure has broadened into a wider campaign that places the very concept of globalisation and the global economy at [...]
Prince Andrew steps down from Pitch@Palace role November 22, 2019 Prince Andrew has stepped down from his role at tech startup scheme Pitch@Palace. The initiative, which the Duke of York founded to showcase entrepreneurs, is set to continue without any royal involvement. Read more: Prince Andrew cancels Middle East trip for Pitch@Palace The Duke has come under increasing pressure as the catastrophic fallout of his [...]
