Apple supplier in talks with Saudi Arabia for £7bn chip-making facility March 15, 2022 Apple supplier Foxconn Technology is reportedly in talks with Saudi Arabia to build a new $9bn (£6.8bn) chip-making facility. It follows the closure of two plants yesterday in technology hub Shenzhen, China, amid a fresh lockdown as Covid-19 cases in the region spiral. Saudi Arabia is currently reviewing the offer to build a dual-line semiconductor [...]
Three brilliant jobs that you should apply for right now March 15, 2022 Are you looking for a new job at the moment? Well, you’ve certainly come to the right place folks. We have a whole host of really exciting tech roles on our job board, so check them out now… Agile Transformation Director, Capgemini Invent As the digital innovation, design and transformation brand of the Capgemini Group, [...]
The City View: Victoria Scholar on brutal Chinese stock sell-off, oil, and UK labour market March 15, 2022 Today Andy Silvester chats to Victoria Scholar, Head of Investment at Interactive Investor, about China’s tech sector being hit by significant stock market sell-offs yesterday and today; European equities down, with companies having exposure to China seemingly taking more of a hit; oil prices hitting a two-week low; and lacklustre labour participation in the UK [...]
London lawyer forged letter and ‘tipped off’ client during Serious Fraud Office probe March 15, 2022 A senior partner at London law firm Osmond & Osmond has been charged with forging a legal letter and tipping off a client over plans by the Serious Fraud Office (SFO) to launch an investigation under the proceeds of crime act. Sixty-seven-year-old solicitor William Osmond – who founded London law firm Osmond & Osmond in [...]
Ukraine-induced surge in raw material costs forces Tesla to increase prices for second time in less than a week March 15, 2022 A war-induced surge in raw material costs has continued to hit the global automotive sector, causing giants such as Tesla to increase prices. The Austin-based car maker was forced today to increase its Chinese and US prices for the second time in a few days, following a surge in the cost of aluminium, palladium and [...]
Hundreds of thousands of crypto addresses linked to sanctioned Russians March 15, 2022 Several hundred thousand crypto wallets have been linked to Russia-based individuals facing sanctions amid conflict with Ukraine.
Oil prices plunge below $100 per barrel as supply concerns ease March 15, 2022 Oil prices tumbled below $100 for the first time in three weeks with both benchmarks weighed down by multiple geopolitical headwinds.
Sony Music forks out £696m in music catalogue snap ups as icons cash in on mega hits March 15, 2022 Sony spent as much as $911m (£696m) on music catalogue acquisitions in the last 10 months, with more and more artists looking to cash in on their hits.
Retail and construction insolvencies soar against backdrop of supply chain pressures and war in Ukraine March 15, 2022 Soaring material costs have led to a steep rise in insolvencies in the retail and construction industries of almost 50 per cent. The war in Ukraine and its impact on rising fuel prices, brought concerns over supply chains pressures into sharp focus this week, new research from tax and audit specialists Mazars has shown. During [...]
Consensys raises $450m at $7bn valuation March 15, 2022 Consensys, the company behind the Metamask wallet, has doubled its valuation in a matter of months with its latest bumper funding round.
