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Technology

  • Business of Space: Big decisions for satellite giants – to merge or to share?

    weekly column

    City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. Inmarsat prepares for rival takeover SpaceX and OneWeb pledge cooperation NASA’s Artemis programme heads for major test Inmarsat: Nearly over the dotted line British satellite darling Inmarsat is getting increasingly closer to a successful takeover by US rival Viasat, as pressure [...]

  • City of London to ignite UK space boom, says science minister

    exclusive

    Britain’s space boom could be supercharged by the City of London’s expertise and financial muscle, the minister responsible told City A.M. yesterday. While the global space economy has spent the last 40 to 50 years recovering from a Cold War hangover, “We’re now in the hockey stick of a huge commercial space boom,” science, research and innovation [...]

  • Warehouse robots firm BotsAndUs ready for global push after $13m seed funding

    Automation

    London robotics firm BotsAndUs said it was readying an international expansion today after closing a $13m funding led by European venture outfit Lakestar.

  • GSK to inject £1bn into new vaccines, as demerger leaves it with ‘less distractions’

    June 23, 2022

    GSK has announced it will inject £1bn into the research and development of infectious diseases over the next decade, just weeks after a major demerger. The British pharmaceutical giant will focus on diseases that disproportionately impact lower-income countries, in a move predicted by analysts since GSK split from its consumer healthcare division, now a separate [...]

  • Cybersecurity is not just the IT team’s responsibility: ‘This mistaken belief will cost you dearly’, warns industry insider

    June 23, 2022

    Globally, SMEs have proven themselves to be easy and profitable targets for cybercriminals. Alarming statistics seem to be commonplace these days, but a few released recently still hold enough power to pack a punch. City A.M. spoke to David Steele, founder of SecuriCentrix, about the risks he sees companies take in their approach to cybersecurity, [...]

  • Instagram teams up with London ID firm Yoti to test age verification feature

    June 23, 2022

    Instagram have teamed up with London-based startup Yoti to test a new age verification feature for 18 and over accounts.

  • KPMG opens virtual office in the metaverse for staff in US and Canada

    June 23, 2022

    KPMG has set up an office in the “metaverse” for staff in the US and Canada to facilitate cross-border collaboration. The Big Four firm yesterday opened its first ever “metaverse collaboration hub,” with a view to letting staff work in an “immersive” virtual world. KPMG said its new virtual office will facilitate collaboration between its [...]

  • Gambling giant 888 predicts drop in half year revenues as restrictions bite

    June 23, 2022

    British gambling giant 888 said today it expected revenues for the half year to dip as it feels the impact of stricter gambling measures and a temporary withdrawal from the Netherlands.

  • Supreme Court ruling paves way for 5G coverage expansion in the UK

    June 22, 2022

    The Supreme Court handed down a fresh ruling this morning that makes it easier for telecommunications firms to deploy 5G infrastructure in the UK.

  • Moderna to open vaccine hub in the UK in £1bn investment

    June 22, 2022

    Famed Covid-19 vaccine maker Moderna is set to open a vaccine research and manufacturing centre in the UK, the health secretary has unveiled today, in a £1bn investment. It will seat the UK in a prime position in the development of new vaccines and therapeutics for a range of respiratory diseases, including Covid-19, as well [...]

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