Chinese using state-backed hackers to attack energy projects in South China Sea August 30, 2022 China is using state-backed hackers to launch cyberattacks against energy projects in the South China Sea, according to new research from cybersecurity firm Proofpoint and consulting firm PwC. Hacking group Red Ladon, also known as TA423, is using a simple phishing scam to attack politically significant targets in Europe and the Asia-Pacific region, including defense [...]
AstraZeneca share price dips with investors ‘underwhelmed’ by diabetes drug August 30, 2022 AstraZeneca’s share price has dipped into the red today, with investors “underwhelmed” by its diabetes and heart failure drug Fraxiga. The stock sank 1.8 per cent to 11,160p per share by early afternoon. However, the share price has grown 6.2 per cent over the past three months. ‘’Investors appear to have been underwhelmed by the [...]
Payments platform Bango snaps up Japanese firm Docomo Digital August 30, 2022 Bango provides a payments platform for firms including Netflix, Britbox and Youtube
Dechra wins over US vet group with £220m bid after years of courting August 30, 2022 Veterinary pharmaceutical firm Dechra has splashed more than £220m on an American medicine manufacturer, a long-term acquisition target for the company. Californian Med-Pharmex, which has a workforce of some 130, is expected to bolster Dechra’s manufacturing facilities in North America and provide “attractive financial returns”. The deal will be funded from existing debt resources, London-listed [...]
Nasa’s Artemis Moon launch postponed after unexpected engine issue August 29, 2022 Nasa’s highly anticipated Artemis 1 Moon launch has been postponed today over an engine issue, grounding the next chapter for business in space for now. “Engineers are now working on a plan to continue gathering data about this particular engine,” Nasa said in a statement. Earlier this year, the US agency gave the commercial space [...]
Investors draw up rescue bid for Newport Wafer should Nexperia takeover be blocked August 29, 2022 Computer chip investors are reportedly drawing up plans for a rescue bid of Newport Wafer Fab, should its £63m takeover by Nexperia be blocked by the government. The co-founder of Headlight Technology Partners, which focuses on semiconductor investments, Alex Stewart, told the Telegraph that the newly established fund wants to “try and be part of [...]
Ericsson to wrap up remaining Russian operations, says local state media August 29, 2022 Ericsson will wrap up its remaining Russian operations by the end of this year, according to local state media. The Swedish telecom equipment manufacturer announced in February, following Russia’s invasion of Ukraine, that it would suspend deliveries to customers in Russia, in line with Western sanctions. Then in April, the company placed its Russian employees [...]
Sony snaps up Savage Game Studios in console pivot August 29, 2022 Sony has snapped up Savage Game Studios this morning as the company continues to pivot away from consoles.
EXCLUSIVE: UK semiconductor industry in urgent need of a strategy, say Nexperia, Imagination, IQE and Paragraf August 26, 2022 The UK is in urgent need of a strategy to bolster its semiconductor industry, bosses of some of the country’s biggest chip companies have told City A.M. Maintaining a steady supply of semiconductors will be critical to the electric vehicle transition and roll out of 5G infrastructure. The long-awaited strategy is expected to be published [...]
Indecision over Nexperia takeover review risks hurting UK semiconductor industry, Paragraf warns August 26, 2022 The government’s failure to complete the security review of Nexperia’s takeover of Newport Wafer Fab risks hurting the UK’s semiconductor industry, CEO of British semiconductor startup Paragraf told City A.M. “Not making the decision is more damaging than making the wrong decision sometimes,” Simon Thomas said. Thomas described the looming national security review as the [...]