Nokia profit slumps almost 20 per cent as consumers tighten belts April 20, 2023 Nokia reported a slump in operating profit as the company revealed demand was weighed down by economic uncertainty. The Finnish company saw comparable operating profit fall 18 per cent in the most recent quarter to €479m (£422m) from €583m (£514m) in the same period last year. Net sales grew by 10 per cent to €5.86 [...]
Tesla profits driven down as carmaker continues to slash prices April 20, 2023 Price reductions across the model line-up cut into Tesla’s first-quarter net income, causing it to fall 24 per cent from a year ago. The electric car and solar panel company, based in Austin, Texas, said on Wednesday it made $2.51bn dollars (£2.01bn) from January through to March, down from $3.32bn (£2.67bn) a year ago. Revenue rose 24 [...]
Cyber attacks hit a third of firms and quarter of charities last year, including Royal Mail, WH Smiths and JD Sports April 19, 2023 Nearly a third of businesses and a quarter of charities have said they were the subject of cyber attacks or breaches last year, new data has shown. Figures collected for the Government by polling company Ipsos show a similar proportion of larger and medium-sized companies and high-income charities faced attacks or breaches last year as [...]
Google to change app store rules after UK competition agency flags concerns April 19, 2023 Google said it will allow app developers in the UK to use alternative payment options following an investigation by the UK’s competition regulator. The tech giant said it would present other payment options to Google Play’s billing system for in-app purchases “in a neutral manner” if its commitments are accepted by the UK Competition and [...]
Fintech Plus500 sees earnings double as London listed firm pushes on with US expansion April 19, 2023 Fintech firm Plus500 reported a surge in revenues to start the year today as it continued to push into the US and boost the amount of retail traders on its platform.
Netflix ends DVD postal service: ‘Booster rocket’ for streaming wound down after 25 years April 19, 2023 Netflix is ending its postal DVD service after 25 years in a bid to boost subscribers and better its service amid an increasingly competitive streaming space. In a letter to shareholders, the company described the DVD service as “the booster rocket that got streaming to a leading position,” but added that the business was shrinking [...]
AI better than our staff, reckon half of business leaders – so what does that mean for jobs? April 19, 2023 NEARLY half of business leaders reckon AI could replace humans, new data out today shows, but experts think job losses caused by mass adoption of tools such as ChatGPT would be limited. Some 44 per cent of C-suite executives think AI could perform tasks to a similar or better quality than humans, according to a [...]
Whatsapp and Signal warn UK bill could open door to ‘indiscriminate surveillance’ April 18, 2023 Encrypted messaging apps, including Whatsapp, Signal and Viber, have warned that the Online Safety Bill could lead to “indiscriminate surveillance” of people’s personal messages and called for end-to-end encryption to be protected at all costs. The bill is intended to protect underage users on the internet by clamping down on illegal material and placing a [...]
Amazon UK workers’ strike continues – and there’s no end in sight April 17, 2023 Amazon workers are taking part in fresh strikes at a warehouse in Coventry in an ongoing dispute with the tech giant – which doesn’t recognise the union – over pay. GMB members are downing tools for three days from 16 to 18 April as they call for hourly pay to rise to £15. The union has [...]
How AI is proving a virtual nightmare for Google boss who admits having ‘sleepless nights’ April 17, 2023 Google chief executive Sundar Pichai said the rapid advancement of artificial intelligence keeps him awake at night as he admitted society is not fully prepared for its advancement. In an interview with CBS’s Scott Pelley for the “60 minutes” programme, which aired on Sunday, Pichai said the technology could be harmful if it is not used [...]