UK in the running for £7bn lithium battery gigafactory among European peers September 5, 2022 The UK is in the running for an $8bn (£6.9bn) lithium battery gigafactory, squaring up to European peers in the race to cultivate healthy electric vehicle industries locally. The global energy transition has prompted countries, such as the UK, the US and Germany, to double down on their support for domestic electric vehicle markets. The [...]
British tech firm Nanoco considers further Samsung lawsuits in UK and China September 4, 2022 Manchester-based Nanoco is considering further lawsuits in the UK and China as the battle with electronics giant Samsung continues to heat up. The London-listed firm argues that Samsung used its quantum dot technology in its QLED TV without Nanoco’s permission, claiming an infringement of copyright. US regulator the Patent Trial and Appeal Board ruled in [...]
Raft of UK pharmaceutical directors risk being disqualified after CMA ruling September 2, 2022 The UK’s competition watchdog has today issued High Court proceedings to disqualify a raft of pharmaceutical directors, including Alliance Pharma’s CEO, over suspected anti-competitive agreements. The Competition and Markets Authority (CMA) launched the investigation into the UK’s pharmaceutical sector in 2017, and revealed earlier this year that several firms had been impeding competition in the [...]
OnlyFans profit surpasses records with 2m creators on adult video platform September 1, 2022 OnlyFans has posted its largest yearly growth to date with the adult video platform saying its creators earned almost $4bn last year. The London-based tech firm’s pre-tax profits swelled to $433m, full year results for the period ended 30 November 2021 revealed on Thursday. Pre-tax profits have shot up since 2020, when OnlyFans posted $61m, [...]
Meta accused of breaching workers rights over union rep cleaner’s dismissal September 1, 2022 Meta has been accused by Amnesty International of breaching workers’ rights over claims a Bolivian cleaner working at its London offices was fired for being a union rep. The Facebook owner is set to face a protest outside its Brock Street offices on Friday ahead of the start of an unfair dismissal tribunal on Wednesday [...]
Google heads to court over billion pound competition row for Play Store September 1, 2022 Google will have to defend itself at trial over a £1bn consumer claim about Play Store, a competition judge has decided. A Competition Appeal Tribunal ruling this week found that consumer champion Liz Coll is authorised to bring an opt-out collective claim against the tech giant for alleged competition infringements. The Tribunal said that the size of the class allegedly harmed was [...]
Buying property through NFTs is ‘the future’, says founder of London agency September 1, 2022 After spotting a gap in the market, West London City Lets has unveiled new sub-agency Tokenized Properties – which allows landowners to buy and sell using Non-Fungible Tokens (NFTs). The new agency is the UK’s first property firm to facilitate the sale of physical land through an NFT, having just listed the first deal of [...]
Watchdog flags competition concerns for Microsoft and Call of Duty maker Activision Blizzard’s £50bn deal September 1, 2022 Regulators have flagged competition concerns over Microsoft’s $68.7bn acquisition of Call of Duty maker Activision Blizzard, giving the US giants until next week to provide evidence.
‘Significant barriers’ hampering digital trade, Canada warns September 1, 2022 Post-Brexit trade deals have left “significant barriers” in place that are hampering digital trade to and from the UK, Canada corporation warned today.
Google blocks Trump’s Truth Social from app store amid content concerns August 31, 2022 Donald Trump’s new social media app has been blocked by Google Play in another blow to the former President’s quest for “free speech”.