The fintech bubble may have burst, but these investment bankers are bullish January 17, 2023 Slashed valuations, mass layoffs, a funding drought and shuttered IPO market. For most, 2022 won’t be remembered as a stellar vintage for the fintech sector. But it wasn’t all doom and gloom, according to new analysis from investment bank Peel Hunt. A new note from the firm today says the spectacular bursting of the fintech [...]
IQE shares slump nearly 20 per cent as it warns of falling semiconductor demand January 16, 2023 IQE shares dropped nearly 20 per cent today after the semiconductor wafer maker warned that demand is expected to fall in the new year because existing customers have already built up large stocks. In a pre-close trading update, IQE warned that destocking in the industry will “impact upon demand from existing customers” in the new [...]
Businesses plan to ‘weather economic storm’ by increasing their spending on technology – Cap Gemini January 16, 2023 Nearly four out of 10 businesses will escalate their investment in technology as they seek to cut costs. The consultancy giant, which is hosting a session at the World Economic Forum in Davos this week, said 39 per cent of the businesses it spoke to for its report were intending to use technology to drive [...]
TikTok tries to avoid US ban by offering lawmakers assurances over data sharing and security concerns January 16, 2023 TikTok has proposed allowing US officials access its algorithms in an attempt to avoid a statewide ban. In the last few months, American lawmakers have attempted to ban the video based social media platform, after FBI Director Christopher Wray said that TikTok poses national security risks in November. In the last week, over 20 US [...]
Smartphones are the new laptops with 60 per cent of UK firms now mobile only – BT January 16, 2023 Almost 60 per cent of business owners now rely solely on using mobile phones to run their operations, telecoms giant BT has revealed. The investigation by BT business showed more than half of entrepreneurs have embraced flexible working, and use mobiles rather than laptops or desktops. According to BT 59 per cent of British business [...]
The riddle of the Nursing Assistant: Twitter user solves viral case January 13, 2023 For the last year Twitter has been racking its collective brain to try to unravel what has become known as The Riddle of the Nursing Assistant. Last December a Tik Tok user called @thisis_bex cross-posted a rather thirsty picture of what we assume to be herself alongside the cryptic caption: “Imagine how good your life [...]
Virgin Orbit rocket launch failure to be investigated by UK officials January 13, 2023 UK officials will work with counterparts in the US to oversee an investigation into the failure of Virgin Orbit’s rocket launch mission from Cornwall. The Space Accident Investigation Authority (CAIS) said it will work alongside the Federal Aviation Administration to “ensure that any relevant safety lessons are learnt”. The organisations will oversee Virgin Orbit’s investigation. [...]
Why your ‘smart’ TV will only last two years – Which? January 13, 2023 “Smart” appliances such as TVs and washing machines risk losing features and functionality after as little as two years because manufacturers are not providing vital updates, a consumer group has warned. Which? said its research found that smart devices including dishwashers and inkjet printers, which might be expected to last more than a decade, could [...]
Apple promises more transparency on removal of apps from App Store January 12, 2023 Apple and its investors have agreed to provide clarity on why apps are removed from its App Store, following criticisms about its lack of transparency. This means that the company has committed to providing a clear explanation of the number, categories, relevant authorities and applicable laws or policies when it comes app removals from the [...]
Tesla shares: How Musk made history with the biggest loss of personal wealth ever recorded January 12, 2023 The ongoing woes at social media microblogging site Twitter have impacted hugely on the wealth of its owner, the world’s richest person Elon Musk. Musk lost an estimated £135bn between November 2021 and December 2022, according to Guinness World Records. This means he holds the record for the largest ever loss of a personal fortune. [...]