Economy

Failed Silicon Valley Bank Assets Acquired By Rival

Assets of failed Silicon Valley Bank acquired by competitor First Citizens in FDIC-brokered deal as banking sector jitters continue

2 years ago

Amazon To Close Three UK Warehouses

Amazon to close three UK warehouses this year as it plans to lay off 18,000 employees worldwide, following pandemic-era spending…

2 years ago

Smartphone Shipments Drop In China As Covid Takes Toll

Smartphone shipments fall steeply year-on-year within China as Covid-19 lockdowns and tensions with West take toll on economy

2 years ago

SoftBank Sells Off Uber Stake, Cuts Vision Fund Staff

Japan's SoftBank sells off Uber stake, plans to cut staff at flagship Vision Fund investing arm as market turmoil leads…

2 years ago

Samsung ‘To See Profits Jump’ On Data Centre Demand

Industry analysts expect Samsung's profits to jump 15 percent for the second quarter as strong data centre demand offsets smartphone…

2 years ago

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…

2 years ago

JD.com 618 Mega-Sale Sees Slowest Growth In Years

JD.com reports slowest growth in at least five years for 618 shopping extravaganza, as lockdowns and slowing economic conditions hit…

2 years ago

Musk ‘Super Bad’ Feeling About Economy, Wants To Axe 10,000 Tesla Staff

Gloomy outlook. Elon Musk says he wants to axe 10 percent of jobs at Tesla, as he has a 'super…

2 years ago

Google Sees Swift Ad Recovery After Pandemic Lows

Google sees sharp comeback in ad revenues on both search and YouTube as advertisers renew spending after pandemic slump earlier…

4 years ago

Amazon Tells Employees To Defer Travel As Coronavirus Impact Grows

Worldwide shares show biggest drop since 2008 as supply chains are disrupted, major events are cancelled and companies cut back…

5 years ago

Home Office Launches ‘Start-Up’ Visa Programme

The move aims to attract more entrepreneurs, following criticism of immigration restrictions from the UK's tech industry

6 years ago

MPs Warn On ‘Unprecedented’ Brexit Trade IT Challenge

Defra and the Department for International Trade face an 'impossible' task in preparing for Brexit

7 years ago

Chancellor Names Local Fibre Schemes In Spring Statement

Local full-fibre projects move forward, while Hammond also indicates the government may increase taxes on tech giants such as Google…

7 years ago

‘Dereliction Of Duty’: Tech Firms Face Tougher Rules, London Mayor Warns

Twitter, Facebook and others must take on a 'stronger duty of care' or face tighter state controls, Sadiq Khan is…

7 years ago

Government To Seek Post-Brexit EU Data Protection Agreement

Tech firms said they welcome the government's latest data protection plans, which could see an ongoing EU-level role for Britain's…

7 years ago

Amazon To Add 5,000 Staff In UK This Year

The company plans to hire more than 15,000 staff across Europe by the end of 2017

8 years ago

White House Releases Report Preparing For AI Future

Job losses and changing skill requirements are two of the possible negative economic impacts

8 years ago

Facebook To Hire 500 UK Staff Next Year To Boost Engineer Workforce

The expansion comes on the heels of Google's approval of a £1bn UK investment

8 years ago

Oracle Staff ‘Angered’ By Job Cuts: Report

Oracle's secretive handling of a shift of jobs to Eastern Europe is the beginning of a wider round of cuts,…

10 years ago

Tech Firms Call For Broad Government Reforms

The IT industry's trade body is urging the government to bring in sweeping measures to safeguard the country's digital economy

10 years ago

US Sees Higher IT Employment Rates

A US hiring survey, along with official statistics, both show higher employment rates for IT professionals

11 years ago

Glassdoor: Employee Confidence On The Rise

The study has found higher levels of optimism in areas such as pay rises and job hunting amongst employees in…

11 years ago

Brokers See Lift In Small Business Sales

Purchases and sales of small businesses in the US saw growth in 2013, but remained well below the level of…

11 years ago

Video Conferencing Revenues Hit By Software Competition, Economy

Video conferencing continues to be affected by economic uncertainty and a trend toward software-based systems

11 years ago

Small-Business Optimism Shows Boost

US small businesses are showing more optimism, largely due to the increased availability of credit, according to a new survey

11 years ago

Dell SEC Filing Outlines Revamp Strategy

Dell officials have laid out their plans for reinventing the company in a private buyout, arguing that Michael Dell should…

12 years ago

Gartner: Intel Leads Difficult Semiconductor Market

Semiconductor sales are being hit by slow PC sales and ongoing economic uncertainty, but Gartner expects the market to return…

12 years ago

Euro Crisis: The State Of The Spanish IT Industry

SPAIN: The Spanish IT industry is suffering along with the rest of the economy

12 years ago

Small US Businesses Scrap Hiring Plans

The overall US unemployment rate may be declining, but small businesses have eliminated their former plans to make new hires

12 years ago

IDC Finds Slower Network Switch, Router Market In 3rd Quarter

Adoption of 10GbE technology grew in data centres, but this could not offset slow sales in the US, Western Europe…

12 years ago