Zoom joins tech counterterrorism group after ‘zoombombing’ attacks and enhanced security risks December 15, 2021 Video-conferencing platform Zoom has joined a counterterrorism organization formed by major tech companies including Meta and Microsoft, the group said today.
Telecom Italia is ‘close’ to picking advisers for £28bn KKR deal December 4, 2021 Telecom Italia is close to picking banks to advise it on a buyout offer approach from U.S. private equity group KKR and could even assign mandates this weekend, two sources said this morning.
Carbon capture could break even by end of decade if markets continues to mature: Equinor December 1, 2021 Carbon capture and storage (CCS) services for large industrial emitters could break even in the next 10 years if emitting a tonne of carbon costs around 100 euros per tonne, Equinor’s CCS chief said at the Reuters Next conference . CCS transports CO2 from where it is emitted, typically a smokestack, and stores it, usually in [...]
Volkswagen exec warns battery technology and materials will cost north of $30bn December 1, 2021 Volkswagen’s planned European battery cell plants and securing vital raw materials will cost as much as 30 billion euros ($34 billion), board member Thomas Schmall said, putting a price tag on the expansion for the first time. Schmall, who is in charge of technology at Europe’s largest carmaker, said in an interview at the Reuters [...]
Fiat and Vauxhall owner Stellantis warns EV costs will lead to job cuts December 1, 2021 Stellantis NV Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle to manage the higher costs of building EVs. Governments and investors want car manufacturers to speed up the transition to electric vehicles, but the costs are “beyond the [...]
JP Morgan to back KKR’s €45bn financing in TIM deal November 30, 2021 US fund KKR's proposal to buy Telecom Italia has received a letter of commitment from JP Morgan to support the €45bn (£38bn) financing needed for the deal.
Software giant GBG reports revenue climb as online security becomes top priority November 30, 2021 GBG, one of the UK’s largest listed software companies announced a strong first half performance across all three segments with organic constant currency revenue growth of 12.6 per cent to £108.7m.
Omicron delays historic Tel Aviv Emirates flight November 28, 2021 Dubai airline Emirates has postponed the 6 December launch of flights to Tel Aviv until further notice, a company spokesperson said today, after Israel announced it would ban foreigners from entering to combat the latest coronavirus variant. “The postponement comes as a result of recent changes in entry protocols issued by the Israeli government. The [...]
The Independent on track to record best results yet November 25, 2021 The Independent is set to report its best profits yet since moving away from print in 2016 The publisher has doubled its operating profit this year and grew revenues by a third. Whilst the results are yet to be audited, this would take the Independent’s operating profit from £2.7m last year to £5.4m this year. [...]
Orange chief exec resigns following £336m fraud sentence November 25, 2021 Stephane Richard, chief executive of France's biggest telecoms company Orange, was handed a one year suspended prison sentence on Wednesday after he was convicted of complicity of misuse of public funds by a Paris appeals court, according to Reuters.
