Japan's SoftBank sells off Uber stake, plans to cut staff at flagship Vision Fund investing arm as market turmoil leads to steep quarterly losses
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French Music Service Deezer Slumps On Market Debut
Spotify and Apple Music competitor Deezer falls below opening price after long-delayed IPO in Paris as SPAC strategy fails to excite investors
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
Online Safety Bill May Pose Risk To Startups, Suggests Regulator Boss
UK's forthcoming online safety bill risks stifling start-ups, the UK tech regulator chief who will help oversee its eventual implementation
Apple Acquires UK Fintech Credit Kudos – Report
Tech giant Apple reportedly acquires British fintech start-up Credit Kudos for $150m, to perhaps bolster its financial services operation
Facebook To Close Down Diem Crypto Venture – Report
End of the road for Diem (formerly Libra) digital currency, with sale reported of Diem Association to financial institution
Amazon-Backed Rivian Enjoys Successful Nasdaq IPO
Amazon-backed electric car start-up Rivian enjoys biggest public listing in the United States since Facebook back in 2012
Texas Governor Bans Vaccine Mandates
Over 4 million cases of Covid in Texas and 66,000 thousand deaths, does not stop Texas governor from banning vaccine mandates
Freshworks Valued At $12.2 Billion After Nasdaq IPO
Business software provider Freshworks, which seeks to challenge Salesforce in the CRM space, enjoys successful Nasdaq debut
UK Government Holds Stakes In 158 Start-ups
British Business Bank which runs the Government's 'Future Fund' has provided funding of $1.1 billion and holds stakes in 158 start-ups
Amazon-Backed Electric Car Maker Rivian Files For IPO
Amazon-backed electric car start-up Rivian files for IPO, weeks ahead of delayed plans to deliver first pick-up trucks to customers
Amazon-Backed Rivian Raises Another $2.5bn From Investors
Electric vehicle start-up raises another $2.5bn from existing investors such as Amazon, as it looks to deliver first vehicles this year
Government £375m Fund For UK Tech Firm Growth
Government opens £375 million scheme to deliver funding for British startups including tech players, to bolster UK’s post-pandemic economy
SoftBank Buys Into Korean Travel Start-Up Yanolja Ahead Of US Listing
SoftBank's Vision Fund reportedly planning to buy 10 percent of South Korean hotel booking platform Yanolja as it looks to follow up Coupang success
Crypto Exchange Start-Up Bullish Sets Market Debut
Cryptocurrency market start-up Bullish plans $9bn market debut through merger with Far Peak Acquisition, headed by former NYSE president Tom Farley
Indonesia’s Bukalapak Plans $1bn Domestic IPO
Indonesian e-commerce firm Bukalapak set to become first tech 'unicorn' to make market debut in the country as it seeks to raise up to $1.13bn
Hiring In UK Tech Sector Hits Five Year High
Welcomed news. Tech hiring hits five year high, with 132,000 open jobs per week in May, new data for the government reveals
Virgin Atlantic Works With Bristol Start-Up On ‘Flying Taxis’
Virgin Atlantic works with Vertical Aerospace to explore 'flying taxi' network that would transport passengers from regional cities to major airports
Chinese Ride-Hailing Giant Didi Chuxing Files For US IPO
World's second-biggest ride-hailing company Didi Chuxing files to go public in US, in what could be biggest Chinese US listing since Alibaba in 2014
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
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
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
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
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 ...
Budget 2021: Contactless Limit Raised To £100
Budget 2021. Debit card contactless payment limit raised to £100, as Coronavirus pandemic accelerates electronic payment popularity
Facebook Libra Hires Former HSBC Executive
Libra cryptocurrency project still progressing after it confirms it has hired former HSBC executive as chief financial officer
Role Of Wirecard Supervisors To Be Probed By EU
The actions of financial supervisors responsible during the Wirecard collapse should be investigated, says senior EU official
Wirecard Collapses, Files For Insolvency
German fintech start-up Wirecard has filed for insolvency, becoming the first DAX member to fail after a financing scandal
Google Readies Bank Accounts For US Customers
Search engine giant is planning a banking move, in a development that is sure to trigger regulatory investigations
RSA Conference 2019: Security Startups To Pitch For ‘Dragon Den’ Funding
Conference to allow security start-ups to pitch to venture capitalists, amid competition to find most innovative security start-up