Cryptocurrencies lose $200bn in value, while Bitcoin drops below $50,000 as investors react to US proposals that would nearly double capital gains for wealthiest
TECHNOLOGY POWERING BUSINESS
News Enterprise
UK Taskforce To Consider British Digital Currency
Fancy using Britcoin? Bank of England and HM Treasury taskforce is to explore the option of a central bank digital currency
Government Intervenes In ARM Sale To Nvidia, Citing National Security
UK's digital secretary issues 'public interest intervention notice' over £29bn ARM sale, citing national security implications
Apple $200m ‘Restore Fund’ Targets Climate Change
Apple reveals $200 million investment fund called the 'Restore Fund', to remove carbon emissions and support sustainable forestry
Dell To Offload Ownership Stake In VMware
The valuable 81 percent ownership stake in VMware held by Dell Technologies is to be spun off, generating a $12 billion shareholder dividend
UK Regulator Provisionally Approves Virgin, O2 Merger
CMA gives provisionally blessing to the 50/50 merger between Virgin Media and O2, after initial concerns over backhaul pricing
AI Security Firm Darktrace Plans London IPO
Darktrace, a pioneer in applying artificial intelligence techniques to cyber-security, makes first major London IPO bid following Deliveroo flop
Alibaba Makes Changes Following Record Fine
Chinese tech giant Alibaba Group lowers fees and charges for vendors following record $2.8bn fine over 'abusive' exclusivity arrangements
Neuralink Video Shows Monkey Playing Pong With Its Mind
Video posted by Elon Musk start-up Neuralink shows macaque monkey playing Pong with brain signals transmitted via wireless interface
Cryptocurrency Market Capitalisation Hits $2tn
Market capitalisation for all cryptocurrencies surpasses $2tn, with Bitcoin alone remaining over $1tn for a full week as large investors come on board
Deliveroo Flop Raises Questions For London Tech IPOs
Questions raised over Deliveroo pricing strategy after biggest London IPO in a decade delivers biggest flop in recent memory
LG Likely To Exit Smartphone Market – Report
Decision reportedly already made by LG management to stop selling smartphones, and pull out of mobile communication sector altogether
CMA Deepens Probe Of Facebook Giphy Deal, After No Concessions
Facebook refuses to offer any antitrust concessions over Giphy acquisition, prompting in-depth probe by UK competition watchdog
TSMC Pledges $100 Billion Over Three Years, For ‘Advanced’ Chip Making
Mammoth investment over three years to bolster advanced chip making, in order to keep up with rising demand, amid the global silicon shortage
Google Adds £21m To EU Fake News Warchest
EU fund to fight fake news receives first investment, namely 25 million euros from Google, amid ongoing scrutiny of tech giant efforts
Is Microsoft About To Buy Discord?
Reports surface that Microsoft is considering a possible $10 billion purchase of messaging and communication service Discord
Europe Looks To Ease Red Tape For Start-Ups
European Commission proposes new rules to lessen red tape for start-ups, including stock option reform and easier immigration visas
Brand Voice
VRdirect: New update set to establish Virtual Reality in day-to-day-business
The Munich-based start-up VRdirect presents the latest update of its platform "VRdirect Studio", paving the way for the widespread use of virtual reality in companies. Through the modular structure and a simpler handling, VR applicatio ...
Tesla Shares Rally After Expensive Share Slide
Shares in the world's most valuable car maker rose nearly 20 percent, after selloff wiped off $300 billion market capitalisation
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
Elon Musk No Longer World’s Richest Man
It was a short run. Fall in Tesla share price sees Amazon CEO Jeff Bezos reclaim title as world's richest man from Elon Musk
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
Google, Microsoft, Qualcomm Object To Nvidia Acquisition Of ARM
Growing opposition by big name players in the tech industry to Nvidia's proposed acquisition of ARM, which is also facing multiple investigations
President Biden Halts TikTok Sale To Oracle/Walmart
TikTok's purchase by Oracle and Walmart halted indefinitely, after President Biden orders review of Chinese national security threat
Bitcoin Surges As Tesla Buys $1.5bn Of Digital Currency
Elon Musk is well known for his backing of bitcoin and other digital currencies, as Tesla confirms it will soon accept digital payments for new cars
UK Regulator To Probe Uber Purchase Of Autocab
Uber's attempt to purchase British rival Autocab is being officially investigated by the UK Competition and Markets Authority (CMA)
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
Qualcomm To Acquire Chip Startup NuVia For $1.4 Billion
Chip technology startup created by Apple veterans is snapped by Qualcomm, in what could be strategic move for mobile chip giant