Musk becomes sole Twitter director after dissolving board October 31, 2022 Elon Musk has dissolved the board of Twitter and appointed himself sole director of the firm as he pushes ahead with a major restructuring plan that could see a quarter of staff laid off.
Apple’s main iPhone maker heads for production woes as Covid curbs tighten October 31, 2022 Apple’s main mobile maker Foxconn is preparing to shift production to other parts of China as Covid curbs continue to tighten across the country. Sources told Reuters that the production of the iPhone could slump as much as 30 per cent following the factory disruption. The main plant in Zhengzhou employs over 200,000 people and [...]
Tech could get Britain’s net zero target back on track October 31, 2022 Tech could get Britain back on track to meet its net zero commitment after the chair of the independent Climate Change Committee warned that progress on the target had gone awry in recent months. With the UN’s flagship climate conference COP27 in Egypt one week away, Committee chair Lord Deben told The Independent today that [...]
Britishvolt ‘actively working’ on stability amid reports of imminent collapse October 31, 2022 Electric vehicle battery startup Britishvolt is on the verge of collapse, after reportedly running its cash pile dry.
Ransomware conference hosted by White House to be attended by 35 countries and EU October 31, 2022 A ransomware conference with 35 countries, the European Union and some major tech firms will be hosted by the White House. The US President will convene the International Counter Ransomware Summit over two days, with it expected to be attended by security officials, including the FBI’s director and national security adviser. According to reports, a [...]
Twitter plans to charge users $20 for blue tick verification as Musk pushes for revenue growth October 31, 2022 Elon Musk is reportedly gearing up to introduce paid verification on Twitter in a bid to drive up revenue. According to initial reports from The Verge, Twitter is currently planning to charge $19.99 for the new Twitter Blue subscription, adding to the current optional premium offering it has. According to insiders and internal correspondence seen [...]
Space is the limit! Science Group pens £17.5m deal for defence and energy specialists TP Group October 31, 2022 Space, defence and energy are the sectors the Science Group is pushing into with a fresh £17.5m acquisition. AIM-listed TP Group, which specialises in defence, space and energy consultancy, is set to be snapped up by the organisation for some 2.25p a share, representing a premium of 190 per cent. Both boards have agreed to [...]
GSK steps closer to new drug milestone but R&D woes ruffle investor feathers October 31, 2022 British pharmaceutical giant GlaxoSmithKline (GSK) grew a step closer to securing its first drug approval since the split from its consumer health unit Haleon in July, but concerns over its share price remain. The US Food and Drug Administration (FDA) Cardiovascular and Renal Drugs Advisory Committee (CRDAC) have agreed that the benefit of GSK’s Daprodustat, used [...]
Twitter C-suite overhaul, job cuts and a content council: Elon Musk’s first moves as new owner October 30, 2022 Twitter’s new owner Elon Musk has reportedly fired a string of top executives “for cause”, in a bid to avoid paying out lofty severance packages after finally completing a $44bn takeover. The weekend layoffs included Twitter chief executive Parag Agrawal, chief financial officer Ned Segal and legal affairs and policy chief Vijaya Gadde, Reuters reported, [...]
Musk mulls ring-fencing Twitter ‘beef’ with different ‘versions’ of site October 29, 2022 Elon Musk has suggested that Twitter could be split up into maturity-rated content streams to ring-fence harmful and extreme posts, as the debate over moderation of material on the site rages on.