14 million jobs set to be lost to labour market churn by 2027 – with AI contributing May 1, 2023 Almost 14 million jobs will be lost globally within the next five years as a result of stunted economic growth, advancement in smart technology and the rising cost of living, according to new research from the World Economic Forum (WEF). 83 million jobs will be lost in the next five years, while 69 million jobs [...]
Musk: Media publishers can start charging for one-off articles shared on Twitter May 1, 2023 Twitter will roll out a new feature allowing media publishers to charge users on a per-article basis, the company’s chief executive Elon Musk said on Saturday. Musk said this would allow users who did not want to sign up for monthly subscriptions to pay a higher per article price to read one article. In a [...]
SoftBank’s Arm files to list shares in US as London blow confirmed May 1, 2023 SoftBank-owned chip design firm Arm has filed for a US listing in a move which cements its decision to thwart London markets for the US and paves the way for one of the largest initial public offerings (IPOs) of the year. SoftBank confirmed on Monday that Arm had submitted a draft registration statement to the [...]
Wikipedia won’t comply with Online Safety Bill if passed, its charity warns April 28, 2023 Wikipedia will not comply with aspects of the Online Safety Bill if passed, the website’s charity has warned. The bill — currently sitting in the House of Lords — will compel social media platforms and tech companies to police and remove hateful content. It will also require platforms to keep adult content out of reach [...]
Gymshark chief brands UK ‘a great place to do business’ as firm eyes expansion April 28, 2023 Despite much criticism about the UK’s high level of corporation tax and struggling capital markets, the boss of sportswear brand Gymshark said today the Britain is a “great place to do business.” Asked by LBC’s Nick Ferrari, how easy is it to start and to grow a business in the UK, chief executive Ben Francis [...]
Analysis: Big tech beats forecasts – but they’re not out of the woods yet April 28, 2023 Meta, Microsoft, and Google’s parent, Alphabet, Amazon all showed signs of resilience this week after a bruising period for the tech sector. After many US tech firms laid off thousands of staff in response to low growth and inflationary pressures, each of these leading tech giants reported quarterly revenues and profits that beat analyst estimates, [...]
Flutter inches closer to primary US listing as more firms fall out of love with London April 28, 2023 London-listed gambling company Flutter yesterday won shareholder approval to launch a secondary listing in the US, paving the way for it to switch its primary listing in the future. 99 per cent of shareholders approved the secondary listing at Flutter’s annual general meeting on Thursday. The listing is expected to take place later this year, [...]
WANdisco confirms falsified orders linked to one employee April 28, 2023 An investigation into the beleaguered tech firm WANdisco has found that falsified accounts can be traced back to one senior sales employee, the company said on Friday. The Sheffield-based data company said the investigation — carried out by advisory firm, FRP Advisory — found that falsified purchase orders associated with the senior employee in question [...]
HMV to reopen flagship London Oxford Street store after ‘dramatic turnaround’ under new owner April 28, 2023 Music and entertainment giant HMV will reopen its flagship London store on Oxford Street after four years, in wake of a “dramatic turnaround” under new ownership. The move comes after the company fell into administration in 2019, shuttering its store on the high street, partially due to the increase in streaming, which dented physical sales [...]
Vodafone appoints Margherita Della Valle as new chief executive April 27, 2023 Vodafone has appointed interim chief executive Margherita Della Valle to the top role permanently, the company announced on Thursday. Vodafone’s chair, Jean-François van Boxmeer, said Della Valle was selected after a “rigorous internal and external search.” “Over the last few months as interim group chief executive, the board and I have been impressed with her [...]
