Sir Richard Branson ends Virgin Orbit operations going forward, with assets being sold off to rivals in space launch sector
TECHNOLOGY POWERING BUSINESS
News Enterprise
Bail Rescinded For Terra Co-Founder Do Kwon
Higher court in Montenegro rescinds 800,000 euro bail for Do Kwon due to flight risk concerns, after US and South Korean charges
Meta Sells Giphy At Huge Loss After CMA Order
Mark Zuckerberg firm takes $260m (£210m) loss selling gif search engine Giphy, after UK ordered its divestment
BT To Cut 55,000 Jobs By 2030
Sign of things to come? BT is cull 55,000 jobs by 2030, and says that a fifth of the roles will be replaced by AI
Broadcom Offers Remedies To Ease EU Worries Over VMware Deal
US chipmaker Broadcom offers interoperability remedies to address European antitrust concerns over $61bn VMware deal
Vodafone To Cut 11,000 Jobs, After Strategic Review
New boss of Vodafone loses little time and confirms 11,000 jobs are to go, as the operator seeks to turn around its fortunes
Sam Altman Start-Up Worldcoin ‘Close To Securing $100m’
Worldcoin, co-founded by OpenAI chief Sam Altman, close to securing $100m in new funding round amidst 'crypto winter'
Kioxia, Western Digital ‘Accelerate’ Merger Talks
Toshiba memory spin-off Kioxia and Western Digital said to accelerate merger talks amidst oversupply, falling demand
UK Further Restricts Microsoft-Activision Buy
UK CMA regulator places further restrictions on Microsoft and Activision to 'prevent pre-emptive action' by companies
UK’s CMA Approves Viasat Inmarsat Merger
UK watchdog greenlights proposed merger of Viasat and Inmarsat, finding there is sufficient competition in the market
India To Reopen Applications For $10bn Chip Incentives – Report
Bad news for China? India is to reopen application process for $10bn in incentives to build local chip factories
US Warns Of Economic Damage If China Invades Taiwan
Chinese invasion of Taiwan would likely shut down chip production, causing huge economic impact for the world, US warns
Apple Depressed Results Beat Expectations, Thanks To iPhone Sales
Profit slides, and revenues decline for second consecutive quarter, but results please investors after surprising iPhone sales
ARM Files For IPO, But Not In London
Softbank's ARM Holdings registers for public listing in the US, in a blow to UK listing hopes and high level lobbying
BlackBerry To Review Strategic Options
Board of directors at BlackBerry to review firm's 'strategic alternatives', including possible separation of some of its businesses
Intel Posts Largest Ever Quarterly Loss, But Shares Rise
Intel posts largest ever quarterly loss in company history, coupled with a 36 percent decline in sales. But share price rises
UK Regulator Defends Microsoft Activision Decision, After Angry Response
Microsoft and Activision slam UK decision to block acquisition, but CMA boss says blocking $69 billion deal was “right decision”
Meta Pleases Investors After Sales Rise, As Profits Dive
Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters of decline
Alphabet Beats Expectations, Announces $70 Billion Share Buyback
Shares in Alphabet rise after its first quarter results beat expectations, despite reduced ad spending, TikTok competition etc
UK’s CMA Blocks Microsoft’s $69bn Acquisition Of Activision Blizzard
Final decision by UK regulator to block Microsoft's Activision Blizzard acquisition, but Microsoft says it will appeal
Microsoft Shares Rise As Q3 Earnings Beat Forecasts
Azure cloud delivers for Microsoft despite tough economic conditions – with artificial intelligence slated for future growth
Alphabet To Merge AI Units Deepmind And Google Brain
One better than two? Alphabet doubles down on artificial intelligence, by merging two of its key AI divisions
EU Agrees Comprehensive Framework For Crypto Regulation
EU Parliament approves 'Markets in Crypto Act' (MiCA) for regulation of crypto transparency, disclosure, authorisation, and supervision
UK Government To Deliver Crypto Laws In Next 12 Months – Report
Treasury minister says UK could introduce specific laws aimed at regulating cryptocurrency in next 12 months
Netflix Ends DVD By Post, Amid Password-Sharing Crackdown
Mostly positive results from Netflix, as streaming giant winds down legacy DVD via post program and expands password crackdown
Sega Offers £625m For Studio Behind ‘Angry Birds’
Sonic the Hedgehog maker Sega offers 706m euros for Rovio, studio behind pioneering mobile game Angry Birds
Twitter No Longer Exists, As X Corp Takes Over
Elon Musk's Twitter no longer exists as company, after a filing this week shows Twitter has been merged into X Corp
Elon Musk Axed 80 Percent Of Staff, Admits Painful Tenure
Musk tells BBC Twitter is now roughly breaking even and advertisers are returning, but admits running platform is “quite painful”
TSMC Investment Plans For Taiwan Unchanged – Report
Amid growing concerns about China's intentions for Taiwan, government minister says TSMC local investments remain unchanged
Apple Doubles Investment In Carbon Removal Fund
Investment by Apple of another $200 million in the ‘Restore Fund’, to remove carbon emissions and support sustainable forestry