Financial results from Apple highlight weakening consumer demand, as it insists iPhone production problems are over
TECHNOLOGY POWERING BUSINESS
2023
Rivian To Axe 6 Percent Of Jobs Amid EV Price War
Another tranche of job losses for Rivian Automotive, after it says it is laying off 6 percent of its workforce
Apple, Google Urged To Remove TikTok From App Stores
A democratic senator in the US urges Apple and Google to remove TikTok from their respective app stores ahead of CEO meeting with US Congress
Samsung Unveils Premium Galaxy S23 Series
Amid global smartphone shipment declines, Samsung takes wraps off its new premium smartphone portfolio with the Galaxy S23 Series
UK NCC Group To Cut Workforce By 7 Percent – Report
More tech cuts but closer to home. Manchester-based cybersecurity firm NCC Group will cut workforce by 7 percent
ChatGPT Firm Trails Subscription Fee, Detection Tool
OpenAI plans trial of popular chatbot in US at monthly subscription fee of $20, offers tool to detect AI-generated text
Meta Pleases Investors With ‘Year Of Efficiency’ Pledge
After heavy Metaverse spending in 2022, Mark Zuckerberg points to cost savings in 2023 after big drop in profits in 2022
UK Government Details Plan To Regulate Crypto, Post FTX
HM Treasury reveals 'ambitious plans' to protect consumer and businesses by 'robustly regulating cryptoasset activities'
Apple To Launch ‘Folding iPad’ In 2024 – Report
Adding to previous speculation and rumours, analyst predicts Apple will release a foldable iPad tablet next year
China ‘Deeply Concerned’ At US Halt Of Export Licences For Huawei
Beijing expresses “deep concern” at reports the US Commerce Department has stopped export licences for Huawei
PayPal To Axe 7 Percent Of Workforce
More job losses as PayPal announces plan to lay off 2,000 staff amid “challenging macroeconomic environment”
US Official Confirms Japan, Netherlands Joined US China Chip Sanctions
American official acknowledges deal with Japan and the Netherlands for new restrictions on chip-making tool exports to China
Intel Cuts Pay For Staff, Executives
Salaries for mid-level staff and senior management at Intel have been cut after it posted lower-than-expected sales forecast
Tech Nation To Shut Down After Government Pulls Grant
UK start-up backer Tech Nation to shut down operations after government awards critical grant to Barclays digital incubator
US Justice Department Requests Tesla Self-Driving Documents
Tesla says US Justice Department has requested document related to Autopilot and 'Full Self-Driving' systems amidst regulatory scrutiny
China Start-Up ‘Delivers Quantum Computer’
A Chinese start-up has reportedly developed and delivered a working quantum computer, in a move likely to add to US unease
Spotify Beats Estimates, But Losses Soar
Spotify beats analysts' estimates on user and subscriber growth, but podcast investment strategy sees ballooning losses
Gartner Sees Further Smartphone, PC Sales Slide In 2023
Gartner study projects second straight year of decline in smartphones and PC sales, with demand recovering later in the year
Samsung Chip Business Posts Profit Plunge
Samsung to continue investing in chip production capacity even as it sees poor conditions for first half of year
US ‘Stops Providing’ Huawei Export Licences
US Commerce Department reportedly stops providing export licences for Huawei, in move that could have dire consequences for Chinese firm
Facebook Parent Seeks To Block £3bn UK Lawsuit
Facebook parent Meta seeks to block £3bn UK collective legal action claiming company abusively profited from users' personal data
TikTok Chief Chew To Testify Before US Congress
TikTok chief executive Shou Zi Chew to testify before US House of Representatives in March as lawmakers consider national app ban
Blacklisted China Chip Giant YMTC Cuts ‘Hundreds’ Of Staff
Chinese memory giant YMTC reportedly cutting up to 10 percent of workforce after being placed on US Entity List in December
JD Sports Cyber-Attack Affects Data Of 10 Million Customers
JD Sports says hackers may have accessed the personal data of 10 million customers following a breach of its systems
Japan, Netherlands ‘Join US China Chip Sanctions’
Japan and the Netherlands reportedly join in US campaign to limit China's access to advanced chipmaking equipment following top-level talks
Council Of Europe Warns Over Data Protection Rights
Council of Europe warns 'bleak' international picture invites erosion of human rights including data protection, amidst consumer concerns
Charities Criticise Move To Shut Down AmazonSmile
Charities criticise Amazon for surprise decision to shut down AmazonSmile donation programme that it said was 'spread too thin'