Cash strapped cryptocurrency lender Celsius Network wishes to bring back former CFO Rod Bolger and pay him $92,000 per month
TECHNOLOGY POWERING BUSINESS
2022
NortonLifeLock, Avast Merger Gains UK Approval
The merger of NortonLifeLock (formerly Symantec) with London-listed Avast raises no competition concerns, the UK's CMA regulator confirms
Twitter Seeks Financial Evidence Against Elon Musk And Subpoenas Banks
Dozens of subpoenas issued by Twitter to a number of banks, to determine if Elon Musk allegedly conspired to scupper his $44bn deal
Cyber Attack On Taiwan’s Presidential Office, Amid Nancy Pelosi Visit
Website of Taiwan's presidential office suffrs an overseas cyber attack on Tuesday, amid US House Speaker Nancy Pelosi visit
Alibaba Will ‘Strive’ To Maintain New York Listing
Alibaba says it will 'strive' to maintain its New York Stock Exchange listing after SEC adds it to list of Chinese companies facing delisting
French Publishers Sue Apple In Latest Case Over App Store Rules
French publishers sue Apple in California over App Store rules in latest case to target 'excessive' fees and commission charges
Zomato Reduces Loss Amidst Investor Gloom Around Food Delivery
India's Zomato reduces quarterly loss and aims for profitability as Uber Technologies expected to show strain of petrol price hikes, cost of living crisis
Ex-Driver Sues Uber Eats Over ‘Racist’ Facial Recognition System
Former driver alleges Uber Eats app began asking him for multiple photos of himself per day and finally dismissed him for 'continued mismatches'
SEC Charges Founders Of Crypto Group Forsage With Fraud
US SEC complaint says 11 associated with 'smart contract' firm Forsage, including founders, ran fraudulent pyramid and Ponzi scheme for more than two years
Reliance Jio Top Bidder As India 5G Spectrum Auction Concludes
India mobile leader Reliance Jio emerges as top bidder winning $11 billion in spectrum as India concludes 5G auction and prepares to launch services
US Considers Sanctions On Chinese Memory Chip Makers
US administration considers sanctions that would block manufacturing of advanced NAND flash memory chips in China amidst competitive threat to US firms
Jack Ma ‘To Cede Control’ Of Ant Group
Entrepreneur Jack Ma reportedly to cede control of Chinese financial tech giant Ant Group following years of reorganisation spurred by regulatory pressure
Japan, US To Set Up Advanced Chip Research Centre
Japan and US to establish joint research centre for 2-nanometre chips by end of this year amidst ongoing worldwide semiconductor shortages
SEC Says Alibaba Could Be Delisted In New York
US financial regulator SEC says Chinese tech giant Alibaba at risk of delisting in New York over demand for compliance with US financial standards
FCC Launches Fresh Mid-Band Spectrum Auction To Boost 5G
US Federal Communications Commission launches latest auction of mid-band wireless spectrum for 5G services, with T-Mobile likely to be main beneficiary
Twitter Hikes Price Of Subscription Service
Twitter raises price of Twitter Blue service amidst revenue slump and uncertainty over suspended Elon Musk buyout, as it begins testing Status feature
Elon Musk Files Countersuit Against Twitter Over Deal
Delaware judge assigns 17 October start date for fast-tracked five-day trial as Twitter seeks to force Musk to follow through on deal
Instagram Rolls Back Changes After Celebrity Criticism
Instagram temporarily rolls back shift to full-screen videos and recommended content after celebrities complain, as parent Meta faces intense pressure
US Congress Passes $52 Billion Chips Act
No more chip shortage? President Joe Biden can now sign US Chips Act into law after Congress approved funding for more domestic chip production
Amazon Posts Second Straight Loss After Rivian Stake Writedown
Another tech bellweather financial results show Amazon posting a second quarterly loss in a row, after a hefty reassessment of the value of its stake in Rivian
Apple Shrugs Off Economic Gloom, But Profit Slips
No slowdown in demand for iPhones says Apple despite negative macroeconomic indicators, as revenues rise 2 percent beating estimates
Silicon UK In Focus Podcast: How to Keep Your People
As businesses are entering the post-pandemic era of their development, how has the pandemic influenced organisational change and the people strategies companies need to thrive and innovate?
Google Gmail Rolls Out New Interface For All Users
Check your inbox now. Users advised to check the unified refresh for Gmail's interface, which is now being rolled out to all users
EU Officials Phones Hacked By NSO’s Pegasus Spyware – Report
The European Union reportedly finds evidence that smartphones of senior officials may have been compromised by Pegasus spyware
FTC Lawsuit To Block Meta Acquisition Of VR Developer Within
American regulator Federal Trade Commission moves to block Facebook parent Meta from acquiring virtual reality fitness app maker Within
Alphabet Misses Earnings Forecast, But Pleases With Strong Ad Performance
Narrow miss on quarterly results gives hope Alphabet is in a decent position to weather the economic slowdown impacting others
Meta Posts First Ever Revenue Decline, Amid Intense Pressures
CEO Mark Zuckerberg warns the economic downturn has arrived, as Meta misses earnings forecast and predicts another decline
Rivian Confirms It Will Cut 6 Percent Of Staff
Axe is to fall on 600 jobs at the electric truck maker Rivian, as it restructures to “optimise costs” in worsening economy
Twitter Hacker Seeks $30,000 For Stolen Data On 5.4 Million Users
Investigation begins after hacker seeks buyers for personal data of 5.4 million Twitter users, reportedly stolen via 7 month old vulnerability
Chip Revenues To Decline 2.5 Percent In 2023, Warns Gartner
Global semiconductor revenues are projected to grow 7.4 percent in 2022, but will decline in 2023 as inflationary pressures take their toll