US competition watchdog follows UK and blocks Microsoft’s $68bn Activision swoop June 13, 2023 America’s competition watchdog, the Federal Trade Commission (FTC) has moved again to prevent Microsoft from acquiring Call Of Duty maker Activision Blizzard. The US regulator asked a court to temporarily block the $68.7bn (£54.7bn) merger, which it believes could significantly reduce competition in the market. In December, the FTC issued an initial legal complaint, saying, [...]
CMC Markets: Meme-stock army is losing interest as trading falls June 13, 2023 Trading platform CMC Markets warned of a slowdown in trading on its platforms today as it revealed profits had fallen beyond 40 per cent in the year to the end of March.
Coadec follows Silicon Valley Bank UK and goes for a new look June 12, 2023 On the day that Silicon Valley Bank UK traded in its old branding, the start-up group that helped save it from collapse in March has announced a refresh of its own.
London Tech Week: Sunak and Hunt’s charm offensive was no light touch June 12, 2023 Charlie Conchie, Morning Wire investment editor, reflects on day one of London Tech Week. What’s a growth mindset and how can I get one? Solving the UK’s tech investment gap is not just tweaking rules and regulation, Chancellor Jeremy Hunt said yesterday, but also “looking at our mindset”. “That’s something I think we need everyone’s [...]
Oaknorth boss: Immigration barriers are threatening the UK’s fintech sector June 12, 2023 A lack of talent is threatening to choke off growth in UK fintech and ministers must do more to open up borders to workers, the boss of digital lender Oaknorth said today.
AI can help capital tackle climate threat, Sadiq Khan says June 12, 2023 Artificial intelligence (AI) can be deployed to help London tackle the threat from climate change, Sadiq Khan has said. The mayor of London has launched a review exploring how data and technology can help the capital thrive in a changing environment. At the opening of London Tech Week on Monday, Khan outlined how blistering heatwaves [...]
Amazon warehouse workers accuse tech giant of ‘dirty tricks’ as staff strike again June 12, 2023 Amazon workers commence three days of industrial action at the firm’s Coventry warehouse today as a dispute over pay drags on and continues to disrupt its operations. This is the fifth time this year that members of the GMB Union have walked out over low pay, with strikes taking place nearly every month since the [...]
Rishi Sunak: ‘AI doesn’t respect national borders so Britain must lead on global safety’ June 12, 2023 Artificial intelligence (AI) “does not respect borders” and the UK must lead on drawing up global regulation for the technology, the Prime Minister, Rishi Sunak, said today. Speaking at London Tech Week this morning, Sunak warned that the adoption of AI would have an impact on employment akin to the “industrial revolution” and said its [...]
Asian investors head to London as ministers look to lure in tech cash June 12, 2023 Asian investors are set to descend on London this week as the government tries to lure foreign cash to the UK in a post-Brexit investment offensive.
Hedge fund boss Sir Paul Marshall plots Spectator swoop June 11, 2023 Hedge fund boss Sir Paul Marshall is mulling a potential bid for the Spectator magazine after its parent company was forced into receivership last week, according to reports.