Billions in US subsidies risk luring British semiconductor firms across the pond July 27, 2022 The $52bn semiconductor subsidy package president Joe Biden is pushing through Congress is a “huge risk” to the UK’s chip making industry. While Britain lacks a clear strategy on computer chips and an advisory board, unlike global competitors the US, Taiwan and Germany, billions in subsidies could lure UK-based businesses across the pond. Asked about [...]
Alibaba eyes Hong Kong primary listing as US audit row continues July 26, 2022 Alibaba is seeking a primary listing in Hong Kong as the e-commerce giant attempts to lure in more mainland Chinese investors.
Exclusive: Second Home dodges bankruptcy and eyes US expansion with fresh funding July 26, 2022 Shared office space firm Second Home has scooped a £7.5m funding package to dodge bankruptcy and is now eyeing up expansion in the US, City A.M. can reveal.
Privacy group slams supermarkets for using ‘Orwellian’ facial recognition cameras July 26, 2022 Privacy rights group Big Brother Watch has filed a legal complaint with the UK data watchdog claiming that Southern Co-operative’s use of live facial recognition cameras in its supermarkets is “unlawful”.
OneWeb and Eutelsat ink £2.8bn deal to forge satellite powerhouse July 26, 2022 British satellite darling OneWeb and French competitor Eutelsat confirmed this morning that they will push ahead with the £2.8bn merger. Eutelsat is set to suspend its dividend for two years to pump investment into OneWeb’s low-Earth orbit satellite network, as part of the all-share deal. The deal is intended to forge a satellite powerhouse to [...]
UK competition watchdog launches inquiry into £5.4bn Inmarsat takeover July 25, 2022 The UK’s competition watchdog has launched an inquiry into the £5.4bn takeover of UK satellite giant Inmarsat by a US rival Viasat. The merger would fuse British and US expertise in the satellite space, a sector traditionally dominated by the States. However, it has the potential to raise substantially reduce the amount of competition in [...]
OneWeb takeover by Chinese state-backed rival raises national security concerns July 25, 2022 The proposed takeover of British satellite darling OneWeb by French rival Eutelsat has caught scrutiny over national security. The joint company, estimated to be worth around $6bn (£4.9bn), would create a satellite and communications powerhouse to compete against Elon Musk’s SpaceX and Starlink – which currently dominates the satcoms industry. Eutelsat, which is partly owned [...]
Climate startup Altrustiq bags £15m as investors hunt for greenwashing solution July 25, 2022 London-based climate tech firm Altruistiq has bagged £15m in seed funding today as investors bet on 'carbon accounting' as a solution to the rise of greenwashing.
French satellite company Eutelsat poised to snap up British rival OneWeb July 24, 2022 French satellite company Eutelsat is poised to buy British rival OneWeb in a deal which will see the UK brought together with French and Chinese governments as common shareholders.
Salesforce UK chief: Govt needs to do more to fix skills gap ‘crisis’ in tech July 22, 2022 The government needs to do more to fill the tech skills shortages, says UK Salesforce Executive Vice President and CEO Zahra Bahrololoumi.