UK small businesses rack up £3.5bn in Amazon export sales July 7, 2021 Small and medium-sized British businesses selling on Amazon recorded over £3.5bn in export sales last year, according to figures released by the tech giant. Amazon said more than 14,000 UK SMEs surpassed £100,000 in sales in 2020, while over 1,000 reached £1m in sales for the first time. The top five categories in which customers [...]
Deliveroo to create 400 new tech jobs after London stock market float July 7, 2021 Deliveroo will create 400 new tech jobs over the next year as the company aims to improve its service after a troubled stock market debut in London. The delivery giant is looking to hire across a range of roles, including software engineers, product managers, designers and data scientists. The vast majority of the jobs will [...]
Chinese-owned semiconductor firm buys Britain’s largest chip plant July 5, 2021 A Chinese-owned semiconductor firm has secured a deal to buy the UK’s largest chip producer, sparking further concerns about the sale of key British assets to foreign buyers. Nexperia, a Dutch firm owned by China’s Wingtech, today said it has taken full ownership of Newport Wafer Fab (NWF), which produces chips used in a range [...]
US tech giants could face $28bn bill from global tax reforms July 5, 2021 US tech giants such as Google and Facebook could face a $28bn (£20bn) bill as part of radical plans to overhaul global corporation tax, new research has revealed. The Organisation for Economic Cooperation and Development (OECD) last week agreed on a new tax model to ensure companies pay tax in countries where they earn revenue, [...]
Facebook, Google and Twitter threaten to quit Hong Kong over new data laws July 5, 2021 Facebook, Google and Twitter have reportedly threatened to withdraw from Hong Kong if authorities push ahead with planned changes to laws around sharing private information online. The Hong Kong government is considering new rules that could make platforms liable for the malicious sharing of individuals’ information — a practice known as doxing. An industry group [...]
Dele Alli-backed esports firm Excel raises £17m from City investors July 2, 2021 Excel, a British esports franchise endorsed by Tottenham Hotspur footballer Dele Alli, has secured millions of pounds in funding from some of the City’s biggest investors. The rapidly growing gaming organisation, which competes in the League of Legends and Fortnite divisions, today announced a £17m funding round. JRJ Group, which bought a minority stake in [...]
Smart devices could expose homes to thousands of cyber attacks a week July 2, 2021 A home filled with smart devices could be exposed to thousands of hacking or unknown scanning attacks from around the world in a single week, according to a new report. A real-world study carried out by consumer group Which recorded more than 12,000 attack attempts in a week, including 2,435 specific attempts to maliciously log [...]
Alibaba founders pledge company stock to secure bank loans July 2, 2021 Chinese tycoons Jack Ma and Joe Tsai have pledged part of their combined $35bn (£25bn) stake in Alibaba in exchange for large loans from investment banks. The share pledges, which were made to lenders including UBS, Credit Suisse and Goldman Sachs, were made by offshore companies that control half of the two billionaire’s stake in [...]
Micro Focus narrows loss as software group slashes costs July 1, 2021 British software firm Micro Focus today reported a narrower loss for the first half of the year as it reaped the rewards of a cost-cutting plan. The London-listed company, which helps customers maintain and update legacy IT systems, posted an operating loss of $154.8m (£112m) for the six months to the end of April. This [...]
Google to crack down on financial scams after City watchdog threat June 30, 2021 Google is set to tighten its advertising rules in the UK in a bid to crack down on financial scams following pressure from the City watchdog. The tech giant said all financial services advertisers will have to prove they are authorised by the Financial Conduct Authority (FCA). The new policy will come into force from [...]