Shell chair Andrew Mackenzie tapped to lead UK innovation agency June 8, 2021 The chairman of Royal Dutch Shell has been appointed to lead a government science agency charged with ramping up the UK’s innovation credentials after Brexit. Sir Andrew Mackenzie has be named as the preferred candidate to chair UK Research and Innovation (UKRI), which has an annual budget of almost £8bn. His nomination has been signed [...]
Internet outage: What is Fastly and how can a glitch bring down the world’s biggest websites? June 8, 2021 The internet was plunged into a temporary blackout this morning as thousands of websites were hit by a global outage. Some of the world’s biggest news sites, including the BBC, Guardian and Financial Times, were hit by the glitch, as well as streaming service Spotify, ecommerce giant Amazon social media platform Reddit and even the [...]
US recovers $2.3m from Colonial Pipeline ransomware attack June 7, 2021 US authorities today said they had recovered around $2.3m (£1.6m) in cryptocurrency from the ransomware attack on the Colonial Pipeline. US deputy attorney general Lisa Monaco said investigators had seized 63.7 Bitcoins, now valued at about $2.3m, paid by Colonial after last month’s hack that sparked major shortages at petrol stations along the east coast. [...]
Brexit: PM tells Macron EU and UK must make Northern Ireland protocol work June 7, 2021 Brexit: PM tells Macron EU and UK must solve Northern Ireland protocol
Bitcoin dips after Donald Trump says cryptocurrency ‘seems like a scam’ June 7, 2021 Bitcoin’s price dipped today after former US President Donald Trump said the cryptocurrency “seems like a scam” and called for regulators to take action. In an interview with Fox Business Network, Trump ramped up the rhetoric against Bitcoin, complaining it posed a risk to the US dollar. “Bitcoin, it just seems like a scam,” he [...]
AMC shares jump again as meme stock rally continues June 7, 2021 Shares in cinema chain AMC Entertainment jumped again today as armchair investors continued to pump money into so-called meme stocks. AMC is one of a number of meme stocks that rallied sharply earlier this year after gaining support from retail traders on Reddit forums such as Wall Street Bets, who forced a squeeze on short-sellers. [...]
Apple employees hit back over return to the office June 7, 2021 Apple employees are pushing back against chief executive Tim Cook’s plans for a widespread return to the office. In a company-wide memo last week Cook said staff must return to the office for three days a week from September, with some teams required to come back in four or five days. But staff have launched [...]
China blocks crypto social media accounts amid crackdown June 7, 2021 A string of cryptocurrency-related social media accounts have been blocked in China as Beijing stepped up its crackdown on bitcoin trading and mining. Over the weekend access was blocked to a number of widely-followed accounts on Weibo — the country’s equivalent of Twitter — with a message saying they “violate laws and rules”. Further action [...]
G7 leaders ink landmark global tech tax agreement June 5, 2021 The G7 has agreed a landmark deal to crack down on tax avoidance by major tech companies. The group of rich nations today committed to a global minimum corporation tax rate of at least 15 per cent on a country by country basis. “We commit to reaching an equitable solution on the allocation of taxing [...]
France to allow entry for fully vaccinated British tourists June 5, 2021 British tourists will be allowed to enter France if they have been fully vaccinated against Covid-19 and present a negative test result. Under new rules that will take effect from 9 June, Brits who have received both doses of the vaccine will be allowed to travel to France and use the NHS app as evidence [...]
