Shares in Chinese internet giant Tencent fall after biggest investor Naspers says it will sell shares to fund buyback scheme, amidst gloom for tech stocks
TECHNOLOGY POWERING BUSINESS
News Enterprise
Toshiba Board Set For Vote That Could Back Buyout Strategy
Toshiba board expected to approve appointment of two external directors from hedge fund investors, making buyout more likely
Nasdaq Listing Most Likely For ARM, Says Softbank Boss
Bad news for London's FTSE? Japanese owner of British chip designer ARM reiterates that Nasdaq is the likely listing location
Musk Says Still ‘Unresolved Matters’ Over Twitter Buy
Elon Musk says still 'unresolved matters' with proposed $44bn buyout of Twitter, predicts recession in near term 'more likely than not'
ABB Delays IPO Of Electric Vehicle Charging Unit
Swiss industrial and tech conglomerate ABB delays planned flotation of electric vehicle charging operations a second time, citing market volatility
Bitcoin Recovers After Sinking Below $20,000
Bitcoin and other cryptocurrencies held on to Sunday gains after the biggest cryptocurrency dipped below $20,000 on Saturday, amidst industry gloom
Meta Fails To Overturn UK Order To Sell Giphy
Meta has mostly failed in its appeal against the CMA order to sell Giphy, after judges dismissed all but one appeal by the Facebook parent
NSO Group In Talks To Offload Pegasus Spyware – Report
But would the US and Israel approve? US Defence contractor L3Harris reportedly in talks to acquire NSO Group's Pegasus surveillance tech
Atos Shares Plunge Amidst Reorganisation, CEO Exit
Shares of French IT services giant Atos drop sharply after it announces plan to spin off cybersecurity unit and surprise exit of new chief executive
Elon Musk To Meet With Twitter Staff
Elon Musk to hold virtual meeting with Twitter staff for first time since buyout announced in April, as deal remains on hold
UK Digital Strategy Takes Aim At Cyber-Security, Skills Gap
Security expert praises new government digital strategy for much-needed focus on cyber-security and reducing skills gap as London Tech Week begins
Sky Backs £100m Fund For Climate Tech
British Media group Sky backs £100m Planet Fund for start-ups developing climate-related technology as London Tech Week brings focus to UK tech sector
UK Tech Start-Ups See Record Quarterly Investment
Private British tech firms buck market gloom with record quarterly venture capital investment led by fintech and healthcare tech
Twitter To Supply Elon Musk With Bot Data – Report
Elon Musk will reportedly be given access to the raw daily data Twitter gathers, after he threatened to walk away from $44bn purchase
Texas AG Investigates Twitter For ‘Deceptive Practices’ Over Bots
Republican attorney general of Texas starts investigation of Twitter, after Elon Musk's public complaints about bots and fake accounts
Musk May Drop Twitter Deal If Fake Account Data Not Provided
Elon Musk has once again warned he could walk away from his Twitter takeover, if the platform does not provide data on fake and spam accounts
Oracle’s Cerner Purchase Given EU Antitrust Blessing
Healthcare move by software giant Oracle with its $28 billion acquisition of Cerner, now given official blessing from European Commission
Toshiba Receives Multiple Proposals, As It Mulls Strategic Options
Troubled Japanese conglomerate Toshiba receives eight proposals to take it private and a couple of proposals to remain listed entity
Shareholders Sue Twitter, Elon Musk For Stock ‘Manipulation’
Disgruntled shareholders are now suing both Twitter and Elon Musk, over volatile share price swings during the chaotic takeover attempt
UK Begins National Security Probe Of Altice’s Stake In BT
After previously expressing its concern, the British Government now confirms a national security review of French billionaire's stake in BT
Elon Musk Raises His Contribution To Twitter Acquisition
But one of Elon Musk's biggest backers on the Twitter board has tendered his resignation after Twitter shareholders voted to boot him
Broadcom Confirms VMware Acquisition For $61 Billion
Entry into cloud infrastructure software for US chip firm Broadcom after it confirms reports it will acquire VMware for $61 billion
Chinese Acquisition Of Newport Wafer Fab Under National Security Review
Last year's promised national security review of the purchase UK’s largest chip producer never materialised, but it will now says government
Samsung To Create 80,000 New Jobs, Plans $356 Billion Investment
South Korean electronics giant Samsung says it will create 80,000 jobs, and will sink a $356 billion investment into the firm
Global Digital Tax Law Not Ready Until 2024, Says OECD
Corporation tax delay. Rollout of 15 percent tax agreement for big name corporations only likely in 2024, says head of OECD
Spain Approves $13.1bn To Attract Chip Sector Investment
Come build a Spanish fab! Government in Spain officially approves plan to spend 12.25 billion euros on the semiconductor industry
Snap Earnings Warning Triggers Tech Sell-Off
Investors spooked after Snap warns of deteriorating economic conditions, says earnings now 'below the low end' of previous expectations
Rivian Eyes Profitability Amidst Market Pressure
Rivian says it has enough cash on hand to achieve profitability, as it faces pressure from shareholders and customers over delays, shortages, rising costs
Broadcom ‘In Talks’ To Acquire VMware
US chip maker Broadcom reportedly in talks to buy VMware as it seeks to diversify into software, following failed 2018 Qualcomm bid
Twitter Sees Three More Executive Departures
Three executives apparently jump ship. More high level departures at Twitter, ahead of Elon Musk's takeover battle for the platform