Qualcomm comes out victorious in EU antitrust battle as Vestager’s Big Tech crack down starts flailing June 15, 2022 Qualcomm has come out victorious this morning after the chipmaker won its battle against a €997m (£862m) fine imposed by EU antitrust regulators four years ago, raising eyebrows for the bloc's attack on Big Tech dominance.
Watch out Apple: London’s smartphone maker Nothing reveals fresh model following £166m Alphabet funding June 15, 2022 London tech start-up Nothing unveiled the design of its debut smartphone this morning after securing more than $200m (£166m) in funding from the likes of Alphabet’s venture capital arm EQT Ventures.
Trading standards seize thousands of counterfeit chocolate bars from Oxford St candy shops June 15, 2022 More than £100,000 worth of counterfeit or illegal chocolate bars and vapes were seized from US candy shops on Oxford Street yesterday. Trading standards seized a huge haul of dodgy goods yesterday, including 2246 counterfeit Wonka Bars, with a raid worth £22,000 from one shop alone. Council officials are endeavouring to crack down on the [...]
Apple makes biggest sports rights bet so far on 10-year, £2bn Major League Soccer deal June 15, 2022 Apple has agreed to pay $2.5bn (£2.1bn) for the global streaming rights to Major League Soccer for the next 10 years. The deal with the top division of men’s football in the US and Canada represents the tech giant’s biggest investment in sports rights so far. Apple, which bought a package of Major League Baseball [...]
Apple knocks Amazon off the top spot to become world’s most valuable brand June 15, 2022 Tech giant Apple has pushed Amazon off the top spot to be the most valuable global brand, ranking higher than Google. Apple is set to become the first trillion-dollar brand, with a brand value of $947.1bn with plans to enter into the Buy Now Pay Later arena. Google shot up the rankings to second place, [...]
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, [...]
ITV snaps up Tiny World producer Plimsoll Productions for £103m June 14, 2022 ITV has snapped up a majority stake in indie producer of natural history programmes Plimsoll Productions as the company diversifies its content offerings.
Is the metaverse crashing? How low can crypto markets go? June 14, 2022 Dr Chris Kacher explains why risk-on assets such as the metaverse are highly vulnerable to major market corrections.
Inflation and recession concoction sends global markets into the mire June 13, 2022 Mounting fears over the worst inflation crunch in recent history plunging the global economy into reverse sent the world’s biggest stock markets spiralling today. London’s FTSE 100 index slid 1.53 per cent, while the mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, shed 2.61 per cent. Investors have [...]
Apple set to rake in over £6bn in music and gaming revenue by 2025 June 13, 2022 Apple's revenue from gaming and music offerings is expected to jump 36 per cent to $8.2bn (£6.7bn) by 2025, according to estimates from JP Morgan.