Elon Musk's Tesla continues to cut prices of its electric vehicles, amid slowing demand and huge share price decline
TECHNOLOGY POWERING BUSINESS
2023
Tim Cook Agrees To Huge Pay Cut
Apple acts on Tim Cook's recommendation and severely reduces his salary, but the CEO will still take home nearly $50 million
Ericsson Provision Filing Hints At Smaller Fine Over Iraq Conduct
Swedish telecoms giant sets aside $220m for a potential fine, amid US investigation into Ericsson’s conduct in Iraq in 2019
Amazon Staten Island Union Victory Upheld By Federal Board
Historic trade union victory at at Amazon’s Staten Island warehouse last year has been upheld, but Amazon said it will appeal again
Twitter Says No Evidence Data Leak Originated From Its Servers
Data on 200 million Twitter users posted online by hacker did not come from a Twitter vulnerability, platform insists
Apple Maps Receives Big Update To Help Local Businesses
Notable update to Apple Maps allows for addition of detailed business listings, photos, buttons and promotions across Apple ecosystem
ARM London Listing Sought By PM Rishi Sunak – Report
British government reportedly makes fresh attempt to convince ARM owner Softbank for public listing in London
Alphabet Unit Verily To Axe 15 Percent Of Staff – Report
Verily is to axe 15 percent of its workforce as it reportedly seeks to distance itself from Google owner Alphabet
Elon Musk Breaks World Record For Loss Of Personal Fortune
But will he care?. Largest ever loss of a personal fortune by Elon Musk has been confirmed by Guinness World Records
Royal Mail Admits Disruption From ‘Cyber Incident’
UK's Royal Mail warns it is “temporarily unable to despatch items to overseas destinations”, after confirmation of 'cyber incident'
FTX Recovers $5bn In ‘Liquid’ Assets
Potential good news for customers, as lawyers for FTX say at least $5 billion of liquid assets have been recovered
Amazon ‘Fully Committed’ To Alexa Despite Job Losses, Says Hardware Boss
Hardware boss insists Amazon is still committed to its Alexa voice assistant, despite major restructuring and job losses
Tesla Seeks $776m Expansion Of Texas Gigafactory
After China factory issues, application is filed to expand Tesla gigafactory in Texas, costing hundreds of millions of dollars
US Grounds Flights After FAA System Outage
Widespread aviation disruption in the United States after Federal Aviation Administration pilot safety system goes offline
Microsoft Abandons Dual-Screen Surface Duo 3 – Report
Another mobile change for Redmond? Next dual-screen phone from Microsoft will reportedly boast a foldable screen design
Twitter Makes More Cuts To Trust, Safety Teams – Report
Is there anyone left to sack? Owner Elon Musk reportedly makes more layoffs to Twitter’s trust and safety teams
UK Mulls Cryptocurrency Version Of Sterling
Government minister confirms UK is progressing a digital pound, following similar digital currency moves in India, Taiwan and elsewhere
Amazon To Close Three UK Warehouses
Amazon to close three UK warehouses this year as it plans to lay off 18,000 employees worldwide, following pandemic-era spending spree
Apple ‘To Replace Key Broadcom Part’ In iPhone
Apple reportedly set to begin using its own combined Wi-Fi and Bluetooth chip in significant blow to chipmaker Broadcom
Chipmaker TSMC Misses Revenue Estimates As Demand Slows
Taiwanese chipmaking giant TSMC expected to report lower-than-expected revenues amidst slowing demand for electronics
First-Ever UK Satellite Launch Ends In Failure
First-ever satellite launch from UK soil ends in failure after 'anomaly' affects Virgin Orbit LauncherOne rocket
YouTuber Apologises For Failed NFT Project CryptoZoo
Popular YouTuber Logan Paul apologises over failure of CryptoZoo NFT project after investigation calls it a 'scam'
Study: Nine In Ten UK Game Sales Went Digital In 2022
Industry figures find nearly nine in ten video game sales were digital downloads last year, amidst pandemic-inspired home entertainment surge
UK Sees Massive Rise In Class Actions Targeting Tech Titans
UK class actions rise sixfold from 2021 to 2022, with tech multinationals such as Apple, Google and Sony sued for tens of billions
Jack Ma Prepares To Cede Control Of Ant Group
Chinese billionaire Jack Ma to cede control of fintech giant Ant Group in move to end long period of regulatory limbo
Meta To Remove Material Praising Brazil Riots
Facebook parent Meta says it will remove material in favour of weekend riots in Brazil that saw protesters invade Congress and Supreme Court
Samsung Profit Drops 69 Percent Amidst Chip Slump
Samsung Electronics expects operating profit drop of 69 percent year-on-year for fourth quarter amidst lower electronics demand
China Tesla Buyers Protest After Sudden Price Cuts
Hundreds of recent Tesla buyers in China gather to protest at Tesla sites after missing out on fresh price reductions
China Ex-Official Publicly Shamed Over Crypto Corruption
Former high-ranking Chinese government official apologises in television broadcast for helping cover up crypto-mining amidst crackdown
US Bank Silvergate Covers $8bn In Crypto Withdrawals
US bank Silvergate hit by more than $8 billion in customer crypto withdrawals in late 2022 amidst 'rapid changes' in industry