Tit for tat. Beijing is to impose export limits on the strategic metal antimony and related elements due to “national security”
TECHNOLOGY POWERING BUSINESS
News Mobility
Revolut Valued At $45 Billion, More Than Barclays, NatWest
Secondary share sale sees UK's Revolut now worth more than Barclays, NatWest and other large European banks
Google Shows Off Pixel 9 Lineup, Plus AI Upgrades
Bluesky Signups Surge In UK After Musk Clash With British Government
Large increase in UK signups to X/Twitter rival Bluesky, after Elon Musk clash with British government over riots
India’s Bharti Global To Acquire 24.5 Percent Of BT
Indian conglomerate Bharti Global is to take a huge shareholding of the former UK telecoms incumbent, BT Group
Xiaomi Makes Gains Across Latin America, Japan, India
Xiaomi makes large smartphone market share gains in markets including Latin America, Japan, India as Southeast Asia sees premium growth
Elon Musk Shares Fake News Of UK Rioters Being Deported To Falklands
Owner of X, Elon Musk, deletes his post of faked article that claimed UK rioters would be deported to Falkland Islands
Google Discontinues Chromecast Portfolio
The Chromecast portfolio is being discontinued by Google, after the streaming dongle had first gone on sale back in 2013
Intel Sued By Shareholders After Dividend Suspension, Stock Price Crash
Shareholders alleged being blindsided after Intel's weak Q2 results, job losses, dividend suspension, triggered share price plunge
YouTube Hit By Thousands Of Outages In Russia
YouTube suffers thousands of outages in Russia as Ukrainian forces conduct raid inside Russia's Kursk region
Elon Musk Says “No Choice” But To Close X’s San Francisco HQ
No choice for X to close down its San Francisco headquarters and relocate to Texas, as Musk blames “processing payments”
Waymo Expands Ride-Hailing Service, Amid Growing Demand
Alphabet's Waymo will expand its autonomous ride-hailing service areas in both Los Angeles and San Francisco
Musk Hits Out At UK Justice System, Amid War Of Words
UK government calls on Elon Musk to act responsibly amid provocative posts about unrest, but Musk lashes out at the Prime Minister
Elon Musk’s X Sues Advertisers Over “Massive Advertiser Boycott”
Advertising boycott. Lawsuit filed against World Federation of Advertisers and member firms Unilever, Mars, CVS Health and Orsted
Apple Beats Expectations, Despite Falling iPhone Sales
Another solid quarterly financial performance from Apple, despite concerns over iPhone shipments in mainland China
Elon Musk Sued By Former CNN Anchor Over Cancelled X Deal
Lawsuit time. Musk had cancelled contract with Don Lemon for talk show on X, after questioning over platform's content moderation practices
Meta Posts Strong Q2 Amid Heavy AI Spending
Facebook parent Meta Platforms delivers strong Q2 financials which beats Wall Street expectations, raising its share price
Intel To Cut Thousands Of Jobs – Report
Another round of layoffs reportedly on the cards for staff at Intel, in an effort to rebound from earnings slump
China Sees Slowdown In Foreign-Branded Smartphone Growth
Mainland China sees slower growth in foreign-branded smartphones, after strong competition sees Apple fall out of top 5 vendors
OpenAI Tests Search Engine Prototype Called ‘SearchGPT’
Google's dominance of online search is being challenged, after OpenAI unveiled a search prototype tool called SearchGPT
CrowdStrike CEO: 97 Percent Of Windows Sensors Back Online
One week after the world's largest IT outage, the head of CrowdStrike says nearly all impacted machines are back online
Apple Smartphone Sales In China Drop 6.7 Percent, Canalys Finds
China woes. Apple's China smartphone shipments decline during the second quarter, dropping it down into sixth place in that market
Meta Ordered To Clean Up AI-Generated Porn By Oversight Board
Oversight Board orders Meta to clarify rules over sexually explicit AI-generated images, after two fake images of famous women shared online
Revolut Gains UK Banking Licence
After three years of trying, fintech start-up Revolut finally recieves a UK banking licence, but with some restrictions from regulator
Google Cancels Plan To Axe Third Party Cookies For Chrome Browser
Better switch to Firefox? After years of delays, Google performs u-turn and will no longer cancel third-party tracking cookies
Xiaomi Entered EV Market ‘Due To US Sanctions’
Xiaomi chief executive says he decided to begin making electric vehicles after company was placed on US military blacklist in 2021
Crowdstrike CEO ‘Deeply Sorry’ For Global IT Outage
George Kurtz, CEO of CrowdStrike, apologises for the global tech failure that disrupted multiple industries on Friday
Microsoft Outage Impacts Airlines, Media, Banks & Businesses Globally
IT outage causes major disruptions around the world, after Crowdstrike update allegedly triggers Microsoft outages
IT Spending Set For 7.4 Percent Growth In 2024 – Gartner
Good news for tech suppliers, after worldwide IT spending is forecasted by Gartner to grow 7.4 percent in 2024
TikTok Parent Loses Bid To Avoid EU ‘Gatekeeper’ Label
China's ByteDance has lost a legal challenge to avoid a European Union 'gatekeeper' designation, but can appeal ruling