Software firm RM to sell Integris and Finance Business arms for £16m November 28, 2022 Education sector tech firm RM has announced the sale of its RM Integris and RM Finance Business software businesses for £16m. The London-listed firm said an initial consideration of £12m in cash would be paid on completion, adjusted to reflect a normalised working capital position of the two firms. Proceeds from the sale will go [...]
UK ‘missing out’ on semiconductor inward investment November 28, 2022 The UK is ‘missing out’ on semiconductor inward investment as international competition heats up, says a new parliamentary report. MPs on the Business, Energy and Industrial Strategy Committee singled out cooperation with the US under the CHIPS Act and engagement with Taiwan as possible areas that could yield opportunities for the booming sector. Globally, the semiconductor [...]
TikTok calls in tech start-ups to help with ecommerce push November 27, 2022 TikTok has called in tech start-ups to boost its ecommerce operations in a desperate attempt to diversify revenue streams. According to initial reports from the Financial Times, TikTok’s parent firm Bytedance has been working with YunExpress as a logistics partner to get its social commerce offering off the ground on a more global scale. It [...]
Online safety bill to criminalise encouraging self-harm November 27, 2022 The long-awaited online safety bill is set to criminalise content that encourages self-harm as it attempts to beef up protections. While encouraging suicide is already illegal, there is widespread concern about material on the internet that encourages people to harm themselves. The recent inquest into the death of 14-year-old Molly Russell found that unsafe online [...]
What3words says post-Brexit tech hiring space is ‘a lot slicker’ than expected November 25, 2022 The boss of tech firm What3words chief said that the post-Brexit recruitment landscape has been “a lot slicker” then he anticipated when building a global team in London. In an interview with City A.M., Chris Sheldrick, who heads up the global address system, said that the capital continued to be a great place to build [...]
Foxconn apologises for pay issue after iPhone factory protests November 24, 2022 Apple’s iPhone partner Foxconn has apologised for a pay-related “technical error” when hiring new staff at the Covid battered Zhengzhou plant. Protests erupted this week across the world’s biggest iPhone factory, with videos circulating on social media of workers taking action against strict lockdown measures and pay issues. Foxconn said in a statement this morning: “Our [...]
Twitter’s Brussels office exodus raises alarm bells for online safety November 24, 2022 Twitter has reportedly disbanded its entire Brussels office, as Elon Musk continues his rampage of headcount. According to initial reports from the Financial Times, Julia Mozer and Dario La Nasa, who were in charge of Twitter’s digital policy in Europe, left the company last week. The pair were reportedly instrumental to the social media company’s [...]
Met arrests 100 in ‘biggest ever fraud operation’ to take down spoof calling site November 24, 2022 More than 100 people have been arrested in what the Met Police describe as the UK’s biggest ever anti-fraud operation. The force led the bid to take down the ‘one stop spoofing shop’, iSpoof, which had more than 200,000 possible victims in this country alone. Fraudsters contacted people posing as as representatives of banks including [...]
Twitter’s top advertisers leave en masse following Musk entrance November 23, 2022 Twitter’s top advertisers are leaving the social media firm en masse, as Elon Musk’s grand plans scare away marketeers. More than a third of Twitter’s top 100 marketers have not advertised on the Elon Musk site in the last two weeks, according to analysis from the Washington Post. The analysis from Pathmatics data reckons that [...]
Riots break out at world’s biggest iPhone factory in China over Covid and pay November 23, 2022 Protests have broken out at the world’s biggest iPhone factory in the Chinese city of Zhengzhou. According to reports from Bloomberg, workers at the Foxconn Technology plant started to protest overnight over unpaid wages and fears of Covid rates. Footage has circulated online, showing hundreds of workers marching, with riot police present. Tensions have been growing in [...]