Swiss blockchain developer sues Meta over infinity logo trademark dispute May 4, 2022 A Swiss blockchain developer has filed a trademark infringement lawsuit against Facebook owner Meta, over claims the tech giant’s infinity logo bares too many similarities to its own infinity insignia. Swiss non-profit Dfinity filed a lawsuit in a California court, after claiming it would be “severely harmed” by being linked in any way to Meta’s [...]
Airbnb anticipates ‘strong sustained pent up demand’ as results beat analyst expectations May 4, 2022 Airbnb has posted record quarterly results and beat estimates as holidaymakers are keen to get away after lockdown measures have eased. First quarter revenue shot up 70 per cent from the year prior, despite the company noting “macroeconomic headwinds,” war in Ukraine and the pandemic. Revenue hit $1.5bn and exceeded its pre-pandemic comparable by 80 [...]
Equinor revels in record profits as European energy crisis sends gas prices to all-time highs May 4, 2022 Equinor has reported record profits, as the war in Ukraine exacerbated Europe's energy crisis and sent gas prices spiralling to all-time highs.
Battle of the telcos: BT fails to block Virgin Media’s title as fastest broadband May 4, 2022 BT has failed in its bid to stop Virgin Media from claiming to be the faster broadband provider this morning as the battle of the telcos rages on. The world’s oldest telecommunications firm put in a complaint to the advertising watchdog about Virgin Media claiming to be the “UK’s fastest major broadband provider” in a TV ad and on its website. [...]
Pension surplus jumps as inflation takes chunk of savers’ spending power May 4, 2022 The value of UK pension scheme’s assets are rising ahead of liabilities as inflation looks set to take a chunk out of pensioners’ spending power, fresh data has revealed.
UK watchdog launches probe into tiny accountancy firm King & King over Sanjeev Gupta audits May 4, 2022 The UK’s accounting watchdog has launched an investigation into four audits carried out by little-known accountancy firm King & King, of firms linked to embattled steel magnate Sanjeev Gupta. The Financial Reporting Council (FRC) said it would be probing King & King’s audits of financial results posted by four of separate companies linked to Sanjeev [...]
Former Downing Street comms chief Allegra Stratton set to join Bloomberg May 4, 2022 Former Downing Street Press Officer Allegra Stratton will be joining Bloomberg News following her resignation last year.
Oxford St raid: Officers seize thousands of counterfeit and dangerous items from two retailers May 4, 2022 Trading standards officers seized £58k worth of vapes and unsafe toys from two Oxford Street retailers. Westminster City Council officers seized more than 4,000 items that were thought to be counterfeit or possibly dangerous to the public. Items seized in the 26 April raid included vaping devices containing excessive levels of nicotine and which had [...]
Ministers clamp down on data stealing and poorly developed apps May 4, 2022 People downloading apps to smartphones, games consoles and TVs will be better protected from hackers under new government plans to boost security standards. A new report on the threats in app stores published today by the National Cyber Security Centre (NCSC) has shown that people’s data and money are at risk because of fraudulent apps [...]
Dealmaking slumps amid soaring inflation and shocks of war May 4, 2022 Global mergers and acquisitions slumped in the first four months of the year as soaring inflation and war in Ukraine rattled dealmakers globally, fresh data has revealed.
