‘Missing’ sixth case of Brazil Covid mutation found in Croydon March 6, 2021 A mystery sixth person infected with a new Brazil coronavirus “variant of concern” has been found in Croydon, the health secretary has announced. Six cases of the new mutation, also known as the P1 variant or Manaus variant, had been identified across the UK. Three cases were linked to Scotland, while two out of three [...]
Anti-virus mogul John McAfee charged over crypto fraud March 5, 2021 Controversial anti-virus software mogul John McAfee has been indicted in New York on charges of fraud and money laundering linked to two fraudulent cryptocurrency schemes. The tech millionaire and his bodyguard Jimmy Gale Watson Jr were charged in Manhattan federal court over schemes that promoted the digital currencies to investors. The pair exploited McAfee’s large [...]
Reddit appoints first chief financial officer amid IPO reports March 5, 2021 Reddit has appointed its first ever chief financial officer amid reports the company is considering a stock market float. The social media site, which has been at the centre of a recent retail trading frenzy, has tapped former Snap executive Drew Vollero to lead its finance team. Vollero, who was Snap’s first chief financial officer [...]
EU set to charge Apple over Spotify music streaming complaint March 4, 2021 The European Commission is said to be on the brink of filing formal antitrust charges against Apple over accusations it distorted competition in the music streaming market. Spotify filed a complaint against Apple in 2019, accusing the tech giant of unfairly restricting rivals to its own Apple Music service and complaining about the company’s 30 [...]
British tech consultancy Capco snapped up in $1.5bn deal March 4, 2021 British tech consultancy Capco has been snapped up by Indian software giant Wipro in a deal worth $1.45bn (£1bn). London-based Capco, whose clients include major names in the financial services industry, employs more than 5,000 consultants and operates in more than 30 locations around the world. Wipro said two firms had “complementary” business models, adding [...]
What will the new tech visa rules mean for UK fintechs? March 4, 2021 Among a raft of new measures announced in the Budget the Chancellor has launched a new visa scheme to retain and attract the tech industry’s top talent. Announcing the Budget on Wednesday Rishi Sunak laid out plans to introduce “fast track” visa applications for people with a job offer from a recognised UK scale-up, together [...]
Apple facing UK competition probe over app store dominance March 4, 2021 Apple is facing a competition probe in the UK over claims the way it treats app developers is “unfair and uncompetitive”. The iPhone maker has been locked in a long-running dispute with app makers including Epic Games, the company behind hit video game Fortnite, over the cut it takes through the App Store and on [...]
Deliveroo picks London for multi-billion pound listing March 4, 2021 Deliveroo has confirmed it will choose London for its long-awaited IPO. The delivery firm will list with a dual-class share structure in what will be a major boost for the capital. It is expected to be the largest float in London this year. It comes just a day after a Treasury-commissioned review by former EU [...]
Budget 2021: UK tech sector ‘delighted’ with spending plans March 3, 2021 The UK’s thriving tech sector has hailed Rishi Sunak’s spending plans in the Budget today, saying the chancellor was “backing tech in a big way”. Announcing the Budget this afternoon, Sunak unveiled a raft of new measures aimed at boosting both startups and established tech firms. “This government should be applauded for committing heavily to [...]
Online sales tax would ‘kneecap’ small retailers, startups warn March 2, 2021 The introduction of a new online sales tax would “kneecap” retailers and have a disproportionate impact on smaller businesses, UK startups have warned. In his Budget tomorrow, chancellor Rishi Sunak is expected to launch a consultation on new levies targeting online retailers such as Amazon and Asos that have seen their profits soar during the [...]