‘The year of easy money is over’ for science and tech firms, says Edison director October 19, 2022 “The year of easy money is over” for listed science and technology firms, the executive director of investment research group Edison has said, six months after a global tech selloff rattled industries. Investors shed stakes in science and technology firms throughout March and April of this year, following an investment boom during the height of [...]
Amazon pushes into world of home insurance October 19, 2022 Just when you thought Amazon sold pretty everything, the tech firm announces that it has launched a new home insurance shop. The new offering will allow customers to request and review insurance quotes, select a policy, and then checkout—all on amazon.co.uk The e-commerce giant firm only has three insurers signed up so far, including Ageas [...]
Netflix picks up 2.4m subscribers ahead of advertising model roll-out October 19, 2022 Streaming giant Netflix picked up 2.4m subscribers in the last quarter, as it looks to roll out a new advertising model next month. Its revenue, income and membership exceeded expectations in the third quarter of the year, driven by major hit series sun as The Jeffrey Dahmer Story, Stranger Things S4, Extraordinary Attorney Woo, The [...]
OneWeb and Panasonic to rival Viasat-Inmarsat tie-up with in-flight wifi deal October 18, 2022 British satellite darling OneWeb has teamed up with in-flight entertainment giant Panasonic, in a partnership which could rival the looming Viasat-Inmarsat tie-up. The deal will see Panasonic Avionics, which serves over 70 airlines, sell OneWeb’s in-flight broadband services to commercial airlines worldwide by the second half of next year, cementing aviation as the latest cash [...]
Microsoft cuts more staff as Big Tech slowdown continues October 18, 2022 Microsoft continued to cull its workforce this week as the software giant feels the sting of stagnating growth, with sources telling the Business Insider that 1,000 people lost their jobs in a fresh wave of cuts. Impacted teams within the software giant included the Xbox division, the Strategic Missions team, and the office of the Chief [...]
Rocket firm Orbex pockets £40m from investors ahead of UK launch October 18, 2022 British rocket firm Orbex has pocketed £40.4m in its latest funding run, as it gathers resources in the count down to its first vertical launch from UK soil in November. The Series C funding round, led by new investor the Scottish National Investment Bank, will also help the company fund future projects. Orbex, which has production and [...]
Government should axe apprenticeship levy and forge skills body, says CBI exec October 18, 2022 The government should axe its levy on apprenticeships, the head of skills at the Confederation of British Industry (CBI) has said, as the UK wrestles with STEM skills shortages and shrinking talent pools. Speaking to the science and technology Lords committee in parliament yesterday, the CBI’s Robert West urged that an independent government taskforce to [...]
Rolls-Royce enters next era as first fully-electric motor car goes on display, in gold October 18, 2022 Rolls-Royce has unveiled its first fully-electric motor car. The British manufacturer said the first customer cars of the new Spectre model will be delivered late next year. The model, displayed in gold by Rolls-Royce, fulfils a “prophecy” by the maker’s founder, Charles Stewart Rolls, who said in 1900 the electric car is “perfectly noiseless and [...]
Competition watchdog orders Facebook owner Meta to sell Giphy October 18, 2022 The competition watchdog told Facebook’s parent firm Meta this afternoon that it would need to dump Giphy, marking the first time the regulator has blocked a deal struck by a Big Tech firm. In its “final decision”, the Competition and Markets Authority (CMA) ruled that the combination of the two companies would allow Meta to [...]
New UK science minister unveils £15m cashpot for satellite comms innovation October 17, 2022 The UK’s new science minister has unveiled a £15m fund for businesses to bolster their satellite communications technology. Nusrat Ghani, who stepped into the position within Liz Truss’ cabinet at the beginning of the month, said the funding will help “to strengthen the UK’s position as a world leader in the satellite communications market” and [...]