UK regulator decision to reverse its preliminary judgement against Microsoft's purchase of Activision Blizzard, slammed by Sony
TECHNOLOGY POWERING BUSINESS
News Enterprise
Samsung To Cut Chip Production Amid Profit Decline
Electronics giant Samsung will make “meaningful” cut to chip production, amid global downturn in semiconductor demand
Amazon’s $1.7bn iRobot Acquisition Triggers UK Antitrust Inquiry
UK's antitrust regulator begins investigation of Amazon's proposed smart home acquisition of Roomba maker iRobot
Foreign Cash Flows Into China On Alibaba Breakup Plan
Foreign investment in China surges after Alibaba announces breakup plan, as investors see sign of more business-friendly attitude from Beijing
Virgin Orbit Files For Bankruptcy In US
Sir Richard Branson satellite launch firm Virgin Orbit files for bankruptcy in US after failing to secure funding, 18 months after Nasdaq debut
Paris To Ban E-Scooters After Referendum
Paris to ban e-scooters after voter poll, but providers criticise vote in which only 4 percent of residents took part
Virgin Orbit Lays Off 85 Percent Of Staff
Nearly 700 jobs to go at Sir Richard Branson’s rocket company Virgin Orbit Holdings, amid reports it will cease operations
Why Leaders Must Embrace Technological Chaos
Experience has shown me that chaos can bring about major opportunities for you and your business which would not have materialised in a stable world. Managing chaos is what distinguishes a truly great leader. Many people fear it. Great ...
Broadcom’s $61bn VMware Deal Faces Phase 2 CMA Probe
Decision by Broadcom not to offer the UK watchdog remedies to its Phase 1 concerns, triggers in-depth Phase 2 investigation
South Korea, US Seek Do Kwon Extradition
Who has first dibs? South Korea and the United States have both requested the extradition of Terra co-founder Do Kwon
Apple Launches Buy Now, Pay Later Service For US
Fintech move for Apple after it launches service to allow consumers in the US to pay for purchases over time
Sam Bankman-Fried Charged With Bribing Chinese Officials
New US indictment alleges FTX's Sam Bankman-Fried paid over $40 million to bribe at least one official in China
Investors Pull $1.6 Billion After US CFTC Charged Binance
Over a $1 billion withdrawn from biggest crypto exchange Binance, after regulators allege violation of US financial laws
Alibaba Group To Split In Major Restructure
Alibaba Group to split into six independent unit in major restructure following years of intense pressure from regulators
Terra Co-Founder Do Kwon Arrested In Montenegro
Interpol confirms Do Kwon arrested after six months on the run, after spectacular demise of TerraUSD cryptocurrency
FTX Agrees Deal To Recover $400m From Hedge Fund
New management of failed crypto exchange FTX announce deal to recover more $400 million from a Bahamas-based hedge fund
SEC Charges Celebrities Over Cryptocurrency Endorsements
Lindsay Lohan, Jake Paul and other celebrities charged by the US financial watchdog over cryptocurrency endorsements
UK Watchdog Rules Against Broadcom’s $61bn VMware Buy
CMA's Phase 1 investigation of Broadcom’s proposed acquisition of VMware, concludes deal could lead to less innovation and drive up costs
Virgin Orbit Nears Deal For Emergency Funding, After UK Launch Failure
Days after Virgin Orbit halted operations and furloughed staff, comes a report it is close to securing emergency funding
Court Dismisses Gamers Lawsuit Over Microsoft Activision Purchase
US federal court dismisses lawsuit from gamers over Microsoft's $69 billion proposed acquisition of Activision Blizzard
Virgin Media O2 In Talks Over £3bn CityFibre Bid – Report
Talks have reportedly begun between Virgin Media O2 and Cityfibre over a possible takeover worth £3 billion
Samsung To Spend $228 Billion On South Korean Chip Plant
South Korean government announces 'world's largest' chip complex near Seoul. Samsung says it will spend $228 billion
Budget 2023: Industry Reaction To Quantum Investments etc
UK is the world's third largest tech economy, so Chancellor of the Exchequer Jeremy Hunt’s spring 'growth' budget has generated some reaction
Budget 2023: Chancellor Pledges £2.5 Billion For Quantum Computing
With UK predicted to avoid recession, spring budget by Chancellor Jeremy Hunt announces funding injections into tech sector
Autonomy’s Mike Lynch Fights US Extradition Attempt
Co-founder and former CEO of Autonomy Dr Mike Lynch asks High Court in London to block his extradition to the US
TikTok Mulls Split From Beijing-Based ByteDance – Report
Last ditch move? To ease growing national security concerns, TikTok is reportedly considering seperating from Chinese parent
Vodafone, Three Near Final Merger Agreement – Report
UK merger between Vodafone and Three could be announced this month, as both work to address potential antitrust issues
Cryptocurrencies Rise After US Authorities Rescue SVB Depositors
Cryptocurrencies rise after US authorities intervene to restore confidence in banking sector following collapse of Silicon Valley Bank
Failed Silicon Valley Bank UK Arm Sold To HSBC For £1
Government facilitates sale of UK operations of failed Silicon Valley Bank to HSBC as authorities work to limit fallout of biggest bank failure since 2008
