STEM skills shortage continues to hit UK businesses, says Gattaca boss August 17, 2022 The boss of engineering and technology recruiter Gattaca has said the UK’s current shortage of STEM skills is continuing to hit firms. Chief executive Matthew Wragg said today that the London-listed firm was “well placed” as it entered a new financial year, amid a limited supply of the “niche” skills. “There remains a shortage of [...]
Airbnb introduces anti-party tech to crackdown on lively holiday goers August 17, 2022 Airbnb has introduced new anti-party tools to help identify potentially high-risk reservations and stop them from making bookings.
Drought plagues supply chains as Toyota and Apple supplier Foxconn latest hit August 17, 2022 Toyota and Apple supplier Foxconn, among others in south west China, have paused their plant operations as drought continues to further jeopardise supply chains amid the pandemic. The Sichuan province announced today that it must suspend energy supplies to factories in several cities as drought hits its hydropower supply, the Financial Times first reported. The [...]
GSK shares float above recent lows amid looming legal woes August 17, 2022 British pharmaceutical giant GlaxoSmithKline (GSK) has been wrapped up with legal woes this week over recalled heartburn drug Zantac and a former AstraZeneca dealmaker – which have wiped billions off its market value. London-listed GSK’s shares have dipped into the red slightly today but remained above recent lows. However, the company has lost nearly eight [...]
UK’s space industry costs average taxpayer just £1 a year August 17, 2022 The Government’s investment in the country’s burgeoning space sector costs the average taxpayer just £1 a year, according to a UK Space Agency (UKSA) lead today. Speaking to BBC Breakfast about how the UK’s space ambitions fit into cost of living concerns, exploration science manager at (UKSA) Libby Jackson explained that the Government’s current investment [...]
Chinese tech giants including TikTok owner reveal algorithms amid scrutiny August 16, 2022 A string of Chinese tech giants have been pushed to share details of their algorithms with Beijing’s cyberspace watchdog amid increasingly scrutiny in China. Some 30 companies, including Alibaba, Tencent and TikTok-owner ByteDance, today had descriptions of their algorithms published by the Cyberspace Administration of China. The Chinese regulator is expected to regularly update the [...]
Elliott sheds SoftBank stake as investor grapples with tech rout August 16, 2022 Hedge fund Elliott Management has reportedly offloaded almost its entire stake in SoftBank this year as the Japanese investment giant grapples with a market downturn this year.
The Sage Group snaps up Seattle software developer Lockstep August 16, 2022 THE SAGE Group, the UK’s largest tech company, has acquired Seattle software developer Lockstep as part of its ongoing efforts to capitalise on the fast-paced growth of cloud computing. The takeover deal will see Sage – a major developer of accounting, HR, and payroll technology – snap up accounting software company Lockstep for an undisclosed sum. [...]
Loeb unveils fresh Disney stake and pushes for ESPN spin-off August 15, 2022 Daniel Loeb’s activist hedge fund Third Point revealed a new position in Disney today and began agitating for a raft of changes, including spinning off cable sports channel ESPN and announcing new share buybacks. The stake marks a reversal by billionaire Loeb who liquidated a previous position in Disney during the first quarter. “Our confidence [...]
UK is first to approve Moderna jab to tackle Omicron variant August 15, 2022 The UK has become the first country in the world to approve a booster jab targeting the Omicron variant, writes Ellis Asher. Moderna has developed the landmark bivalent ‘Spikevax’ as coronavirus cases continue to fall in the UK. This comes after the EU’s European Medicines Agency pushed back its delivery of the dose to later [...]