Paul McCartney to invest in music start-up Audoo December 13, 2021 Former Beatle Sir Paul McCartney is reportedly among the investors financing music start-up Audoo. McCartney – joining the likes of music firm Tileyard London and Abba singer Bjorn Ulvaeus – is behind the app’s £7.2m funding round, the Times reported. In its pre-series B funding Audoo – which aims to revolutionise the royalty payment system [...]
London tops European fintech occupier index with £15bn funding December 10, 2021 London has beaten European capitals for the top spot in a new ranking table of the most attractive cities for fintech occupiers in Europe, according to reports. The capital, which has brought in over €18bn (£15.4bn) of fintech venture capital funding over the last five years, has kept its place at the top of the rankings compiled [...]
Italy slaps Amazon with €1.1bn fine for abusing market dominance December 9, 2021 Italy’s competitions watchdog has slapped Amazon with a €1.13bn (£965m) fine for harming rival e-commerce logistics services.
WhatsApp launches crypto pilot scheme for US customers December 9, 2021 WhatsApp has launched a new pilot scheme to allow a sample of its US customers to send crypto payments within messaging groups.
A European first: UK cuts technology trade deal with Singapore December 9, 2021 The UK has cut a technology-focussed deal with Singapore which looks to deepen trade ties with the Asian city-state. The Digital Economy Agreement seeks to play on the UK’s strength as a services exporter and will likely help London to continue muscling out continental rivals as the most technologically advanced city in Europe. International trade [...]
Vista drops out of billion-pound bidding war for UK tech firm Blue Prism causing investors to grumble December 8, 2021 The £1.22bn bidding war for technology group Blue Prism appears to be over after US Vista Equity Partners declined to increase its offer.
Genocide lawsuit: Meta defends itself as Rohingya people sue for £150bn December 7, 2021 Meta, the parent company of Facebook, has defended the actions it took to prevent hate speech against Rohingya muslims during the Myanmar genocide. Rohingya muslims are claiming £150bn in compensation from Facebook over its failure to crack down on groups inciting violence against the religious minority and algorithms which amplified and promoted hate speech. Yesterday, [...]
Apple to become the world’s first $3tn company following reports of China secret deal December 7, 2021 Apple could become the world’s first company to reach $3tn, following reports of a $275bn deal struck with China. At today’s market opening, the company’s shares went up to $169.06, peaking at $171.05 – a 3.5 per cent increase compared with yesterday’s closing price of $165.29. Apple’s valuation consequently increased to $2.80tn, putting it in [...]
Musk calls for the US government to scrap EV subsidies December 7, 2021 Celebrity entrepreneur Elon Musk has called out a proposed $2tn (£1.5tn) spending package to support electric vehicles as unnecessary.
US tech firms dominate web searches reaching more than 40m monthly hits each December 7, 2021 Alphabet's Google, Facebook, Amazon and Microsoft are the only website publishers to reach more than 40m people in the UK each month, according to Ipsos Iris data.