Google’s Russian bank account seized as Big Tech crack down continues May 18, 2022 Russian authorities have seized Google's Russian bank account, making it impossible for its Russian office to function, the tech giant revealed today.
Brexit red tape onslaught deepens as UK economy loses £47bn because businesses drown in cross-border tax complexities May 18, 2022 Cross-border tax complexities cost the UK economy £47.6bn in lost revenue last year, an average revenue loss of 16 per cent on total EU exports, according to fresh industry data shared with City A.M. this morning. The stresses of navigating complex regulations post-Brexit continues to hold back growth for UK exporters, and is causing significant [...]
M&C Saatchi bats away yet another takeover bid May 17, 2022 The investment vehicle spearheaded by tech tycoon Vin Murria has launched a fresh takeover bid for M&C Saatchi today which values the advertising giant at £253.6m.
UK’s biggest phone companies colluded to bankrupt Phones 4U, High Court hears May 17, 2022 The UK’s major telecoms companies took part in a conspiracy to put Phones 4U’s out of business, lawyers acting on behalf of the bankrupt retailer told a High Court. Executives at five major phone companies – EE, Deutsche Telekom, Orange, Vodafone, and Telefonica – unlawfully “colluded” to drive Phones4U into administration in a bid to [...]
The Spy Who LinkedIn Me: Government launches new app to help public dodge spies May 17, 2022 The government has launched a new spy detecting app, which will help members of the public dodge espionage and stay safe online.
Blame it on the bots: Musk says Twitter takeover can’t progress without fake account clarity May 17, 2022 Twitter said it is committed to completing Elon Musk's $44bn deal at the agreed price and terms, despite the Tesla founder's continuous floundering.
Twitter boss ‘confident’ about percentage of spam accounts following Musk’s concerns May 16, 2022 Twitter’s boss Parag Agrawal responded to Elon Musk’s concerns saying he was confident that only 5 per cent of accounts on the social media are spam. “We are strongly incentivised to detect and remove as much spam as we possibly can, every single day,” Agrawal tweeted today. “Anyone who suggests otherwise is just wrong.” The [...]
Israeli transport tech firm gears up for London growth with $100m funding injection May 16, 2022 An Israeli transport tech firm is poised for a growth push in London after unveiling a $100m funding injection today, taking its valuation to $1.3bn.
UAE’s Etisalat nabs 9.8 per cent stake in Vodafone as pressure mounts for consolidation May 14, 2022 Emirates Telecommunications Group, now known as e&, has acquired a 9.8 per cent stake in Vodafone for $4.4bn (£3.6bn), the companies confirmed this morning.
Big Tech cuts jobs as market caps suffer May 14, 2022 Big Tech companies have been forced to cut jobs as market caps continue to be slashed as momentum slows.