Ola injects £100m into UK engineering and design innovation January 27, 2022 Ola Electric, India’s leading manufacturer of EVs, today announced Ola Futurefoundry, its global centre for advanced engineering and vehicle design.
LG Energy Solution becomes South Korea’s second-most valuable firm after formidable debut January 27, 2022 LG Energy Solution Ltd (LGES) saw its stock price soar 68 per cent following its trading debut, as the battery maker becomes South Korea's second-most valuable company.
WeTransfer cancels plans for Euronext listing in Amsterdam due to ‘volatile market’ January 27, 2022 WeTransfer announces it will not proceed with its intended listing on Euronext Amsterdam due to market conditions WeTransfer’s parent company, WeRock, said this morning it has decided not to proceed with its intended initial public offering and listing of its ordinary shares on Euronext Amsterdam “due to volatile market conditions, notwithstanding the substantial investor demand [...]
UK can be home of crypto and fintech, says Matt Hancock January 26, 2022 The UK can be the home of cryptocurrency, according to Matt Hancock, as watchdogs scramble to regulate the emerging digital asset. Speaking in the Commons earlier today, the minister hailed the UK’s blossoming fintech industry, urging that it can be a sector in which the UK is a world leader. “These innovations have the potential [...]
12 years later: EU court annuls Intel’s £886m antitrust fine January 26, 2022 Intel has won an appeal against a €1.06bn (£886m) EU antitrust fine that was handed to the company 12 years ago in a momentous win for tech firms.
EU aims to be ‘torchbearer’ introducing digital rights and principles January 26, 2022 The European Commission, in a global first, proposed a set of digital rights and principles this morning that aim to protect people's rights, support democracy and ensure a fair and safe online environment.
UK tech tycoon Mike Lynch fails bid to delay US extradition ruling January 26, 2022 British technology tycoon Mike Lynch, who is facing extradition to the US after being accused of fraud, has failed to delay a decision by the Home Office this morning. US authorities accused Lynch of being involved in a multibillion-dollar fraud over the sale of his software company, Autonomy, to Hewlett-Packard in 2011 for £8.5bn, which [...]
Judge says No: Mike Lynch loses High Court battle to delay extradition to US January 26, 2022 British technology tycoon Mike Lynch, who is facing extradition to the US after being accused of fraud, has lost the latest stage of a legal battle. Lynch wants Home Secretary Priti Patel to be given more time to make an extradition decision. He mounted a High Court challenge after a judge who oversaw an extradition [...]
Smart device security law banning easy-to-guess passwords edges a step closer January 26, 2022 MPs are set to debate a new law to keep consumers’ phones, tablets, smart TVs, fitness trackers and other devices secure from cybercriminals today.
InstaDeep raises $100m to ramp up development of ‘real world’ AI technology January 25, 2022 London-based AI firm InstaDeep has today announced $100m funding injection which it will use to fuel a global expansion and ramp up development of AI technologies.