Tech giants prefer fines to compliance says EU’s Margrethe Vestager February 23, 2022 Some tech giants may prefer to pay a fine rather than comply, said the European Union's antitrust chief, citing Apple's recent battle with the Dutch courts.
Influx of foreigners: Rapid rise in hiring and relocating overseas talent to the UK due to severe shortage of job candidates February 23, 2022 A severe shortage of job candidates in the UK is fuelling a rapid rise in the number of British employers seeking out international talent to fill their vacancies and offering them more support in their move to a new country and city. Relocation platform PerchPeek told City A.M. this morning that it has seen a 327 per cent [...]
Ofcom clamps down on fake number fraud February 23, 2022 UK phone companies will make it harder for scammers to use their networks, under a range of measures proposed by media regulator Ofcom today. Almost 45 million people were targeted by scam calls and texts last summer. Criminals are becoming increasingly sophisticated, and nearly a million of these consumers followed the scammers’ instructions, risking financial loss and [...]
Darktrace snaps up Dutch Cybersprint to drive preventative cyber attack approach February 23, 2022 Tech darling Darktrace announced that it has snapped up Cybersprint, an attack surface management company that provides continuous, real-time insights from an outside-in perspective to eliminate blind spots and detect risks, for €47.5m (£39.6m), valuing the transaction 12.5 times Cybersprint’s annual recurring revenue.
Facebook ‘Reels’ goes global as it tries to keep up with TikTok and attract creatives February 22, 2022 Facebook has announced that it will be expanding the availability of its Reels for iOS and Android to more than 150 countries, widening the reach of its copycat TikTok feature. The Reels feature was first introduced at the end of last year and the tech firm’s new strategy hopes to help creators earn money from their Reels [...]
OnlyFans accused of blacklisting performers on rival sites February 22, 2022 OnlyFans has come under fire for accusations that it blacklists social media accounts of adult performers who work for rival platforms.
Trump’s new social media platform tops Apple app store downloads February 21, 2022 Donald Trump's newly launched app Truth Social is proving to be a hit with users and could mark the former president's return to social media.
Payments firm Worldline in talks to spin off terminals business for €2.3bn February 21, 2022 French payments giant Worldline has confirmed it is in exclusive talks to spin off its terminals business to US Apollo Funds for €2.3bn deal, the firm announced today.
Exclusive: UK’s leading fintech bosses call on government to ramp up efforts to overhaul regulation February 21, 2022 A group of the UK’s leading fintech bosses have called on the Government to ramp up efforts to overhaul regulation and build a world-leading environment for the sector, in a letter seen exclusively by City A.M. Bosses at over 70 of the biggest fintech firms in the UK, including digital banks Monzo and Starling, payments [...]
SS&C passes hurdles for Blue Prism takeover as London delisting approaches February 21, 2022 US fintech SS&C has passed all the regulatory hurdles in its £1.24bn takeover of British tech firm Blue Prism this morning The next step is the court hearing on 14 March to ratify the scheme before the last day of trading on 15 March. The shares are set to be delist from the London Stock Exchange [...]