Gas prices down 20 per cent in last week but what does it mean for your energy bills? January 6, 2023 The average price of gas in the UK has fallen by 20 per cent in the last week, but Ofgem said it would have a “limited” impact on bills. Despite the drop, which is compared to the average price from February 2020, pre-Covid, the price of gas was still up one per cent on last [...]
Twitter users horrified as 200m leaked email addresses sold on dark web, but who is being blamed for the breach? January 6, 2023 A major security breach at online micro-blogging site Twitter has been blamed on owner Elon Musk’s mass firing of staff. Over 200 million Twitter users woke up to find their email and log-in details had been posted online. According to several reports, the data was stolen over a year ago but has only just been [...]
Musk lifts Twitter ban on political ads but may need to do more to lure advertisers back to the social media site January 5, 2023 Twitter is to lift its ban on political ads after losing nearly a million users since it was bought by Elon Musk in October last year. Musk’s controversial policy of reinstating controversial accounts including that of former US President Donald Trump, led to the reported loss of nearly 50 per cent of Twitter’s top advertisers. [...]
Nokia appoints Rolf Werner as new Europe chief January 5, 2023 Nokia has appointed Rolf Werner as the firm’s new Senior Vice President for Europe, the company announced today. Werner joins the Finnish telecoms firm from Cognizant, where he was CEO for Cognizant Germany, overseeing the German, Austrian and Swiss markets. He has also held senior positions at Fujitsu, Global Logic, and T-Systems. Nokia said Werner [...]
Amazon: Tech giant to lay off 17,000 staff but boss Jassy remains confident January 5, 2023 Amazon layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s e-commerce and human-resources organizations, he said. The cuts amount [...]
Meta fined €390m by Irish data watchdog January 4, 2023 Ireland’s data watchdog has fined Facebook’s parent company Meta Ireland 390 million euro as a row erupted over whether further investigation of the use of people’s data is warranted. Meta Ireland was fined 210 million euro for breaches of EU data privacy rules relating to Facebook, and 180 million euro for breaches on Instagram. Meta said it was “disappointed” [...]
Apple share prices plunge, taking valuation below $2tn January 4, 2023 Apple’s shares plummeted in value by three percent yesterday, meaning the the tech giant’s valuation tanked $2tn (£1.66 trillion) for the first time since May 2022. The company’s share value dropped to a price of $130.20 per share yesterday, marking a year-low, and giving the company a valuation of $1.99 trillion (£1.65 trillion) at market [...]
Amazon Prime, Spotify set to be worst hit by Brits cancelling subscriptions January 4, 2023 British households are cancelling online subscriptions as the cost of living soars, with Amazon Prime and Spotify among the most-searched subscriptions to be cancelled, according to a new study. According to a new study by VPN Online, Brits are increasingly cancelling their streaming subscriptions to save money amid sky-high inflation. In 2022, the average Brit [...]
Tech layoffs: Another US giant announces plans to slash headcount by 10 per cent January 4, 2023 Salesforce said on Wednesday it would lay off about 10 per cent of its employees and close some offices, becoming the latest tech firm to undertake cost cuts amid an economic slowdown. The company expects the move to lead to about $1.4 billion to $2.1 billion in charges, of which about $800 million to $1 [...]
BT: Telecoms giant enters the drone market in £5m deal January 4, 2023 BT, Britain’s telecoms giant has entered the automated drone business. Earlier today, Etc., the incubation team in BT Group’s Digital unit announced that it was entering a £5m deal with Altitude Angel. Altitude Angel is a Reading based technology provider and the deal is supposed to scale up UK’s automated flying infrastructure. The two businesses [...]