Britain’s tech sector takes in $5.3bn in first half of 2020 June 10, 2020 The UK’s tech businesses have raised more than $5bn in investment so far this year, despite the impact of coronavirus weighing on funds. Startups across the UK took in $5.3bn between January and May 2020, more than the rest of Europe combined at $4.1bn. Data compiled by Tech Nation and Dealroom showed London commanded the [...]
Government unveils pandemic support package for struggling tech firms June 9, 2020 International trade secretary Liz Truss will on Wednesday unveil a package of measures designed to help bolster the UK’s tech community, as businesses continue to struggle during the coronavirus pandemic. Jointly supported by the Department for International Trade (DIT) and the Department for Digital, Culture, Media and Sport (DCMS), the measures are aimed at helping [...]
Softbank to lay off 15 per cent of staff at Vision Fund arm June 9, 2020 Softbank is set to cut 15 per cent of jobs at the investment arm which manages its $100bn Vision Fund, following a series of misplaced bets which damaged its overall value. The Vision Fund, which is responsible for taking major stakes on behalf of Softbank in tech startups such Wework and Uber, has a global [...]
Major mobile networks suffer UK-wide outages June 9, 2020 Customers are experiencing issues with access to their mobile networks, with outages reported across the UK. Those affected include users of Vodafone, O2, EE, Three and Tesco Mobile. Many customers have reported being unable to use the UK mobile networks for voice call connections, though they can still text and use mobile data. Problems surfaced [...]
Honda forced to suspend factory activity in wake of cyber attack June 9, 2020 Honda has halted production at a number of its global factories after suffering a suspected cyber attack to its internal servers. A spokesperson for Honda said today that activity had been suspended as the company needed to ensure that its quality control systems were not compromised. Honda was hit by a suspected hack yesterday that [...]
A further 140,000 people affected in Nintendo Switch hack June 9, 2020 A breach of Nintendo Switch users in April may have affected more people than the gaming company first announced, Nintendo said today. The Animal Crossing creator said an additional 140,000 Nintendo Network IDs may have been affected by unauthorised logins, on top of the 160,000 IDs revealed earlier this year. This brings the total number [...]
Coronavirus deaths in the UK rise by 286 June 9, 2020 The UK’s death toll from coronavirus has risen by 286, it was announced today. Almost 130 of those deaths occurred in hospital after testing positive for the virus, NHS England said this afternoon. For overall deaths, data from the Department of Health and Social Care (DHSC) said the toll rose by 286 as of 5pm [...]
Founders and chief executive buy back control of supermarket giant Iceland June 9, 2020 The founding family and boss of Iceland Foods have teamed up to take back full control of the supermarket’s shares, following the chain’s revenue boom amid the coronavirus pandemic. Chief executive Tarsem Dhaliwal and founder Malcolm Walker have today bought out South African investment firm Brait’s 63.1 per cent stake in Iceland for £115m, making [...]
Apple set to manufacture its own chips for new Mac computers June 9, 2020 Apple is said to be preparing to announce a move to its own processors in Mac computers later this month, replacing a long-running partnership with Intel. The announcement could be made at Apple’s Worldwide Developer Conference (WWDC) on 22 June, people familiar with the matter told Bloomberg. Codenamed Kalamata, an announcement at WWDC would provide [...]
Treasury reveals £38m support package for debt advice providers June 9, 2020 Ministers have approved an extra £37.8m in support for debt advice providers this year so they can continue to help people during the coronavirus pandemic. Allocation of the funds will be overseen by the Money and Pensions Service (Maps). Charities will also be eligible to receive support. The Treasury today said the package will help [...]
