London tech revises internal tax valuation to $11b December 14, 2022 Checkout.com, a London tech start up, has revised its internal tax valuation to $11bn. Its investor valuation earlier this year was a staggering $40bn. Checkout.com is a digital payment platform for businesses that was valued at $40b after a series D round in January. According to company filings, the firm generated a revenue of $204m [...]
UK sets aside £80m for state-of-the-art tech hub December 14, 2022 The UK government has put aside £80m to build a state of the art telecommunications lab. The lab in Solihull, West Midlands, is part of a £110m investment by the government to work with industry and improve British telecommunications. Along with working on network resilience, the lab will also focus on improving cyber security. The [...]
NHS urges private healthcare to share patient data and boost care in winter crisis December 14, 2022 The NHS has urged private healthcare operators to share data across the health network to boost patient care amid a winter crisis. A report by the NHS’ Acute Data Alignment Programme has doubled down on its bid to create a single source of healthcare data in England, saying it could improve the quality of treatment [...]
Twitter continues to leak advertisers after Musk jibe at Covid rules boss Fauci December 13, 2022 Twitter is facing an exodus of advertisers after Elon Musk tweeted a call to prosecute the US medical chief over pandemic restrictions – in his latest controversial move since buying the social media giant. The social media site is staring down an estimated loss of UK advertising revenue around £10m, and it could deepen if [...]
Twitter could face user exodus and flat revenue following Musk changes December 13, 2022 Twitter could see a mass exodus of users and flat revenue if Elon Musk continues with his revamp, a new report has said. Market research firm Insider Intelligence said staffing cuts will make it more difficult to push new products and boost engagement. “Users will start to leave the platform next year as they grow [...]
Europe’s largest life sciences laboratory gets one step closer to landing in London December 13, 2022 Planning permission for Europe’s largest laboratory has been submitted today, as London patiently awaits a boost to its life sciences sector. The Canary Wharf Group and Kadans Science Partner, which builds science facilities, have submitted their planning application for the 23-storey tower, which was first announced in March. The pair are reportedly expected to fork [...]
Why banks must get better at managing the risky business of cloud computing December 13, 2022 Cloud computing represents the future of financial sector IT. Its services helped many organisations through the pandemic, supporting mass working and empowering them to reach locked-down customers digitally. But migrating data and systems to third-party datacentres also increases risk, as the Bank of England noted last year. The challenge for IT bosses in the sector [...]
As cyber-threats mount, the race is on to define and protect the corporate attack surface December 13, 2022 Cybersecurity has historically been a difficult sell to the board. Banking leaders, like their counterparts across other sectors, tended to regard IT security as the domain of the techies—something adjacent to rather than at the core of their business. But things have changed considerably since the start of the pandemic. Today the challenge is not [...]
Over-confidence and under-investment: why banks are on the back foot against ransomware December 13, 2022 For unlucky financial institutions, a ransomware attack can seem like a high stakes game of poker. They’re faced with an opponent who claims a winning hand – having potentially encrypted and stolen large volumes of data. But how strong is their hand really? Are they bluffing? Did the IT team manage to pull the plug [...]
China crafts £116bn chips support package as it tackles US curbs with WTO December 13, 2022 China is reportedly crafting a $143bn (£116.5bn) package to support its semiconductor industry, as it tackles new US trading curbs with the World Trade Organisation (WTO). The package would be a major pillar in sustaining its chips sector, which is currently fielding attempts from the US to slow its technological advances. Beijing plans to roll [...]