Progress on Arm London listing ‘hugely significant’, says tech chief June 14, 2022 Tech chiefs have hailed the possibility of a London listing for British chipmaker Arm as “hugely significant”, after the digital minister said progress had been made in discussions with the firm’s owner SoftBank this week.
Coinbase to cut staff by 18 per cent as it warns of crypto winter June 14, 2022 Crypto exchange Coinbase will lay off 18 per cent of its workforce as it warned of a recession and a crypto winter. Coinbase CEO Brian Armstrong said the decision was based on the need to manage expenses and increase efficiency as the company looked to “stay healthy during this economic downturn”. “We appear to be [...]
Goodbye 90s nostalgia: Microsoft pulls plugs on Internet Explorer after 27 years June 14, 2022 In another blow to millennial tech nostalgia, Microsoft announced it will be axing the Internet Explorer browser after 27 years. From tomorrow, users will be directed to Edge, the newer browser, with the Internet Explorer software being completely discontinued in the coming months. Microsoft said in a statement: “Not only is Microsoft Edge a faster, [...]
Summer fares will be up by nine per cent according to Ryanair boss June 14, 2022 Travellers need to be ready as summer fares will be up between 7 and 9 per cent, said Ryanair’s boss Michael O’Leary. According to the chief executive, bookings are strengthening while June load factor has reached 94 per cent of 2019 levels. “And July, August, and September look very strong with higher load factors and [...]
Boris Johnson’s new cost of living tsar called for him to quit just months ago June 14, 2022 Boris Johnson’s new cost of living tsar called for the Prime Minister to resign just months ago and has a long record of excoriating tweets directed at the government. David Buttress, co-founder of food delivery app Just Eat UK, said in January that Johnson “just has to” quit, while in April he said that voting [...]
JP Morgan wins £1.4bn court battle against Nigeria June 14, 2022 A High Court judge today ruled in favour of JP Morgan, after dismissing Nigeria’s $1.7bn (£1.4bn) lawsuit against the bank, over claims it acted negligently by transferring $875m to an account linked to convicted money launderer and former Nigerian oil minister Dan Etete. The ruling comes after Nigeria first sued JP Morgan in 2017, over [...]
Meta boosts parental controls for Instagram and the metaverse for Brits June 14, 2022 Facebook parent company Meta has boosted its parental controls, bringing greater safety to its virtual reality offerings as well as social media.
Government buys stake in Sizewell C and paves way for funding June 14, 2022 The government has made progress on its proposed funding scheme for nuclear power, with Sizewell C set for taxpayer backing.
Brexit not cause of travel disruption, says aviation minister June 14, 2022 Brexit has not contributed to the labour shortages responsible for the ongoing travel disruption, the UK Government said. Aviation minister Robert Courts – who appeared today in front of the BEIS committee – said the lack of workforce was a global issue, affecting not only the UK but also the US and continental Europe. “There [...]
Chief of BT’s Openreach blames Brexit for hindering superfast broadband rollout June 14, 2022 Chief exec of BT's Openreach has said the UK's ability to roll out superfast broadband has become increasingly difficult because of “tortuous” recruitment hurdles as a result of Brexit.
