Shares in the world's most valuable car maker rose nearly 20 percent, after selloff wiped off $300 billion market capitalisation
TECHNOLOGY POWERING BUSINESS
News Fund raising
Samsung Mulls Four US Locations For $17bn Chip Factory – Report
Two sites in Arizona, one in New York and one is Texas being considered for new multi-billion dollar chip factory for Samsung
Budget 2021: Contactless Limit Raised To £100
Budget 2021. Debit card contactless payment limit raised to £100, as Coronavirus pandemic accelerates electronic payment popularity
GlobalFoundries $1.4bn Investment To Address Silicon Shortage
US chipmaker pledges $1.4bn to ramp up production at its US, Germany and Singapore factories to tackle global chip shortages
SpaceX Raises Another $850 Million Funding – Report
Up, up and away. Elon Musk's space firm raises an extra $850 million, but could have had raised billions of dollars if needed
Microsoft Invests In GM’s Cruise For Self-Driving Future
Software giant confirms it is part of a $2 billion investment in GM's Cruise self-driving unit, which will utilise Azure going forward
Alibaba’s Founder Jack Ma Absence Triggers Concern
Where is Jack? Concern mounts over Alibaba's Jack Ma, after Chinese regulatory clampdown on his business empire following outburst
Elon Musk Leaves California, Moves To Texas
After threatening to pull Tesla out of California altogether, Elon Musk reveals he has personally left the US state and relocated to Texas
Canada Plans Digital Services Tax In 2022
Despite OECD talks on common approach, Canada becomes latest country to announce its own digital services tax on big tech
France Warns Big Tech To Pay Digital Tax In December
Pay up, pay up. France issues notices to big name tech firms such as Amazon and Facebook, to prepare to pay digital tax levy from next month
Elon Musk To Overtake Zuckerberg As Third Richest Person
Rising Tesla share price raises Elon Musk total net worth by $15 billion, putting him behind Jeff Bezos and Bill Gates in terms of wealth
TSMC Seeds Arizona Subsidiary With $3.5 Billion
Trump plan to bring manufacturing back to US sees Taiwanese chipmaker provide $3.5 billion for promised $12 billion Arizona factory
Elon Musk Admits Tesla Was ‘A Month Away’ From Bankruptcy
The CEO of the world's most valuable car maker has admitted Tesla was at one stage in serious danger of running out of money
McAfee Raises $620 Million With Wall Street Return
Security vendor McAfee has returned to the public markets with an IPO that raised $620 million, below the $740 million it had hoped to gain
Bletchley Park Financial Crisis Eases After Facebook’s £1m Donation
Jobs have been saved at the birthplace of modern computing Bletchley Park, after a much needed £1 million donation from Facebook
Trump Administration Pledges $1 Billion For AI, Quantum Computing Research
White House pledges $1 billion for research push in the United States into artificial intelligence (AI), 5G and quantum computing
Facebook To Pay France £96 Million In Back Taxes
France continues pursuit of back taxes from big name tech firms, after Facebook agrees to hand over £96 million to French tax officials
Bletchley Park Faces Funding Crisis, Prepares To Axe Staff
World war 2 code breaking centre is facing a funding crisis due to Coronavirus pandemic, with third of workforce being laid off
Mozilla To Axe Quarter Of Its Workforce
Jobs losses. 250 jobs to be axed at Firefox creator Mozilla, with Coronavirus being blamed for “significant restructuring”
Former Wirecard CEO Released From Jail
Former Wirecard CEO Markus Braun walks free after arrest on Monday for allegedly falsifying the accounts for the German fintech firm
US Pulls Out Of Global Digital Tax Talks
European Union warns it will impose its own digital tax on technology giants, after the United States withdraws from global tax reform negotiations
BT Begins Talk To Sell Stake In Openreach – Report
Selling off the crown jewels? BT is reportedly in talks to sell a multi billion pound stake in its hugely valuable Openreach division
Coronavirus: Cisco Commits $225 Million To Covid-19 Fight
Networking giant Cisco pledges nearly quarter of a billion dollars to help global community fight the Coronavirus pandemic
Google To Spend Billions On US Data Centres
Alphabet CEO Sundar Pichai confirms plan to spend $10 billion in 2020 on Google data centres and offices across the United States
Cryptocurrency Attendees Should Avoid North Korean Conference, Warns UN
Experts at the United Nations (UN) warn attendees of upcoming cryptocurrency conference in North Korea they could be cited for sanctions busting
France, US To Attempt Digital Tax Agreement In Two Weeks
Both countries have set the target of two weeks to reach agreement over France's implementation of a digital or tech tax, mostly on US tech firms
Boris Johnson Backs Digital Tax, Despite US Opposition
Prime Minister defies US President Trump and insists British digital tax on US tech giants will proceed
Alibaba Listing Success As Shares Surge
Blockbuster debut in Hong Kong for one of China's most prominent tech companies
Samsung Display To Invest $11 Billion In LCD Plant – Report
Huge investment is planned by Samsung to upgrade its display panel production facilities in South Korea
Oxford University Gets £150m Investment For AI Ethics
University's largest ever donation from American billionaire will fund research into AI ethics