Swiss blockchain developer sues Meta over infinity logo trademark dispute May 4, 2022 A Swiss blockchain developer has filed a trademark infringement lawsuit against Facebook owner Meta, over claims the tech giant’s infinity logo bares too many similarities to its own infinity insignia. Swiss non-profit Dfinity filed a lawsuit in a California court, after claiming it would be “severely harmed” by being linked in any way to Meta’s [...]
Plus500 hit by revolt on pay as shareholders ramp up pressure in AGM season May 4, 2022 London-listed fintech giant Plus500 was struck a blow by investors yesterday as shareholders voted down the firm’s remuneration report at its annual general meeting.
UK’s tech regulator backtrack sparks mixed reactions across the City May 3, 2022 Reports that the government has backtracked on strengthening the role of the UK’s tech regulator has sparked mixed reviews from the City today.
Seraphim Space poaches Virgin Galactic veteran amid slow run for British launcher May 3, 2022 Seraphim Space has poached a Virgin veteran, who helped finance the group’s space ventures, Virgin Galactic and Virgin Orbit, to catch the stream of cash being poured into the industry. Patrick McCall, former senior partner at Virgin Group, is set to join the London-listed space tech fund as a venture partner, as the fund’s [...]
Johnson throws weight behind Arm IPO charm offensive May 3, 2022 Boris Johnson has thrown his weight behind attempts to woo British chipmaker Arm into floating in London, as parent company SoftBank looks set for a New York listing.
Revenue dips for cyber firm Avast following Russian exit and acquisitions May 3, 2022 Revenue was down one per cent to $234.6m (£187.3m) for cyber security firm Avast as the firm rolls out new products and makes strategic acquisitions for growth.
EU: Apple charged by antitrust regulators over rivals’ access to payment technology May 2, 2022 Apple could be slapped with a hefty fine after EU antitrust regulators said the iPhone maker had abused its position by restricting rivals’ access to mobile wallet technology. Regulators sent a charge sheet known as a statement of objections to the tech giant yesterday, after Apple limited competitors’ access to its NFC chip technology. Apple [...]
Pfizer shareholders in for larger dividends this year, as Covid-19 cliff edge fails to materialise May 2, 2022 Pfizer shareholders are pegged to receive an even bigger dividend payout this year, according to analysts, with the feared Covid-19 cliff edge yet to materialise for the firm. The US pharmaceutical giant on Thursday declared a $0.40 (31p) dividend for the second quarter of this year, ahead of its first-quarter results published tomorrow. With shareholders [...]
Business of Space: Space junk, a new Martian aurora and a boost for British tech April 29, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. This week: Space junk – an escalating issue A new Martian aurora Investment in British space tech Space junk is getting out of control The soaring number of satellite constellations planned by Elon Musk’s Starlink, taxpayer backed OneWeb and raft of [...]
Crypto assets are making divorces tougher than ever before, say lawyers April 29, 2022 Digital assets are making separations tougher than ever before, legal experts told City A.M., as lawyers grapple with rapidly changing valuations and hard-to-trace assets. So-called digital divorces are on the rise, with the Financial Conduct Authority revealing last summer that around 2.3m adults in the UK already hold crypto assets – which is expected to [...]