China’s Baidu pulls in near $5bn revenue as AI turnover surges November 17, 2021 Internet services giant Baidu pulled in nearly $5bn in revenue in its latest quarter, climbing past analyst forecasts, despite China’s ongoing technology crackdown. Revenue jumped 13 per cent year on year to $4.95bn, while it secured $358m in operating income in the three months to September 30. The Beijing-headquartered company expects to pull in around [...]
Revealed: Amazon to open 260 supermarkets across UK as it plots to take on Tesco and Sainsbury’s directly November 17, 2021 Amazon has developed detailed plans to storm the UK supermarket sector as the e-commerce is planning to open hundreds of cashierless grocery stores across the country in the next three years. More than 260 Amazon-owned and run supermarkets are to be launched before the end of 2024, namely 60 in 2022, another 100 per year [...]
Rideshare for satellites: Exolaunch inks multi-million-dollar deal with SpaceX November 16, 2021 Launch services and in-space logistics firm Exolaunch has inked a multi-million-dollar deal with tech-billionaire Elon Musk’s SpaceX for a satellite rideshare service. The deal, which covers two years worth of transporter missions, will see Exolaunch’s customer satellites ferried into space by SpaceX rockets. Over 95 per cent of Exolaunch’s 3,000kg capacity on the SpaceX missions [...]
Billionaire Richard Branson sells off another $300m stake in Virgin Galactic November 16, 2021 British billionaire Richard Branson has sold off a further $300m worth of stock in his space venture Virgin Galactic, taking the total offloaded this year to some $600m. The unlocked capital is reportedly set to be pumped into Branson’s travel and leisure businesses, after emergency pandemic restrictions bruised profits. Shares sank more than four per [...]
Russia hits back at US accusations that it put astronauts at risk with ‘reckless’ missile trial November 16, 2021 Russia has hit back at US accusations that it put astronauts at risk with its “reckless” anti-satellite missile trial, which saw crew onboard the International Space Station (ISS) shelter from orbiting debris. Crew were directed to close some hatches to keep safe. Roscosmos, Russia’s state space agency, said that it was monitoring the debris situation [...]
Post-Brexit payments space is ‘breeding ground for financial crime as Wild West culture’ looms, warns rising City star November 16, 2021 After the UK left the European Union, a range of payment providers reported so-called IBAN discrimination as a number of companies across Europe began to refuse Euro account bank details if they contained the country code ‘GB’. As a result of Brexit, sending a payment to Eurozone countries resulted in additional charges. Whilst the fee is [...]
Almost half of women experience cyberbullying via social media November 16, 2021 Almost half of all women and one third of all men claim to have experienced cyberbullying via social media direct message.
Future of travel special: Pent-up wanderlust, streaming and, of course, a lot of tech November 16, 2021 After three strict lockdowns, the old adage ‘trip of a lifetime’ has never been more appropriate. Nearly two years into the pandemic, constant reminders of how precious life is have inevitably left their mark, bringing an increased awareness of what really matters, which is quite a motivation for many people to stop putting off that [...]
Cyber firm Avast tops FTSE 100 as it edges closer to US takeover November 15, 2021 Cyber firm Avast climbed to the top of the FTSE100 after NortonLifeLock's takeover of the British cybersecurity company grew closer after the US conditions for its takeover had been satisfied.
CEO of IWF warns a ‘tidal wave’ of child abuse material is flooding the internet November 13, 2021 The amount of child sexual abuse material being found online by expert analysts is fifteen times higher than a decade ago, according to Susie Hargreaves, the CEO of the Internet Watch Foundation (IWF). The boss of the online safety organisation said its analysts are facing a “tidal wave” of abuse material, as it called for [...]