Gucci owner bags a stellar year outperforming pre-pandemic profits February 17, 2022 The owner of brands including Gucci and Yves Saint Laurent announced that profit topped pre-Covid levels in 2021 as luxury designers craft a comeback. The French firm Kering reported net profit of €3.2bn (£2.7bn) last year – up 37 per cent on 2019 – while revenues hit a record €17.6bn. Gucci led the way, bagging [...]
Trump’s social media app incoming as users start testing ‘Truth Social’ February 17, 2022 Former President Donald Trump’s new social media app is incoming as 500 beta testers begin testing an early version of “Truth Social”. Two sources told Reuters that they were invited to test the app this week, with chief exec Devin Nunes claiming that it will launch by the end of March. Truth Social allows users [...]
‘Tech success story’: UK cyber security sector hits record £10bn in revenue February 17, 2022 Britain’s tech sector continues to break records as new government data shows more than 1,800 cyber security firms generated a total of £10.1bn in revenue in the most recent financial year, a 14 per cent increase from the previous financial year.
Nick Clegg gets a Facebook promotion as policy role expands towards the metaverse February 16, 2022 Meta chief Mark Zuckerberg has announced that former deputy Prime Minister Nick Clegg will be getting a promotion at Facebook to “president, global affairs”. In a Facebook post, Zuckerberg revealed that Clegg will be granted a larger policy role than his current one as policy chief at Facebook. “We need a senior leader at the [...]
Snoop Dogg says he will relaunch Death Row Records as ‘an NFT label’ February 16, 2022 After snapping up his previous label Death Row Records last week, Snoop Dogg has revealed that he plans to relaunch it as “an NFT label”. In a fan Clubhouse room yesterday, the rapper said: “Death Row will be an NFT label. We will be putting out artists through the metaverse. Just like we broke the [...]
Apple chief Tim Cook under fire for his £74m pay package February 16, 2022 Top shareholder advisory group Institutional Shareholder Services has told Apple investors to vote against Tim Cook’s $99m (£73m) pay and bonus package. As first reported by the Financial Times this evening, the group told clients in a letter that there was “significant concern” with Cook’s stock awards last year, which were valued at $82m on [...]
Google cracks down on app tracking following Apple’s lead February 16, 2022 Google has announced that it will limit tracking on its Android devices following a growing global privacy crackdown and following Apple’s lead. The tech giant said it wanted to “raise the bar for user privacy” and hopes to curb user data from being shared with third parties. Google said it also planned to eventually phase [...]
Ericsson shares plummet 13 per cent as firm admits it may have paid Isis in Iraq February 16, 2022 Ericsson’s shares plunged as much as 13 per cent today after the telecom gear maker said it may have made payments to ISIS based on “unusual expense claims in Iraq” dating back to 2018. In a lengthy statement posted late on Tuesday, the Swedish company said that during an internal investigation it identified payments made [...]
Priti Patel pushes Big Tech to have a proactive role in axing ‘legal but harmful’ online content February 16, 2022 Tech firms may be required to proactively monitor “legal but harmful” user content in a Home Office push on the new Online Safety Bill. As reported by the Financial Times, Home Secretary Priti Patel has been looking to widen the scope of the bill, with a particular focus on fraud, terrorism and other illegal activities [...]
Supreme Court rules suspects have the right not to be named in criminal investigations in a ‘severe blow’ to the media February 16, 2022 The Supreme Court has ruled that suspects in a criminal investigation have the right not to be named by the press until charges are brought in a “severe blow” to the media’s role as the eyes and ears of the public It comes after Bloomberg lodged an appeal to the court after an unnamed businessman, [...]
