‘The world of navigation is changing’: Airbus to launch six new satellites in 2024 March 8, 2022 Airbus is readying to build and launch six new second generation Galileo satellites in 2024 in a “key milestone” for Europe’s satellite network. It comes as aerospace manufacturer completes the preliminary design review for the satellites’ navigation systems. Airbus, which pulled out of Russia last week amid its invasion of Ukraine, has plans to create [...]
Google snaps up cybersecurity firm Mandiant for £4.1bn March 8, 2022 Alphabet’s Google has snapped up cybersecurity firm Mandiant for $5.4bn (£4.1bn) in cash as the company expands its thriving cloud business. Google’s offer of $23 per share is at a premium of about 53 per cent to Mandiant’s stock price before a report that said Microsoft was eyeing a deal to buy the company, Reuters reported this morning. It [...]
Ukrainian engineers fight back against Russian cyber attacks March 8, 2022 IT professionals in Ukraine have been fighting the raging cyber war against the Russians as Kremlin forces invade its cities. As reported by Computer Weekly, data and communications industry engineers have been working from bomb shelters and local communities to maintain internet connection throughout Ukraine’s cities. It comes as Russian forces have tried to intercept [...]
Bango revenue jumps over a third as it eyes new high growth sectors like crypto March 8, 2022 Mobile commerce technology company Bango, which works with clients including BT and Verizon, has secured a full-year revenue which its CEO has hailed as “ahead of expectations”. Revenue jumped more than a third in the year to 31 December to $20.7m, up from $15.7m in 2020. Bango, which now has services available to marketers on [...]
Mobileye gears up for Nasdaq return after Intel files for US float March 7, 2022 Chipmaker Intel said its self-driving car unit, Mobileye, has confidentially filed paperwork for an initial public offering in the US. As first reported by Reuters, US technology giant Intel did not give further details about the potential float of Mobileye, but did state that there was an increasing pressure on Intel chief exec Pat Gelsinger to spin [...]
Seraphim Space appoints UBS and HSBC finance veteran as COO March 7, 2022 Seraphim Space has appointed a former UBS director as its new chief operating officer, as the space technology fund manager looks to broaden its horizons following significant growth. Sarah Shackleton, who joins from London-based private equity firm Development Partners International (DPI) where she was partner, brings veteran-level experience to the role after being embedded in the [...]
Government introduces new telco laws to end ‘no bar blues’ March 7, 2022 The government have laid out new laws, which look to enhance its 5G roll out and remove signal blackholes across the country. The new laws will put tougher legal duties on operators to minimise the visual impact of network equipment, particularly in protected areas such as national parks and conservation areas. However, it will equally [...]
A third of mid-market firms were whacked by hacker outages in 2021 March 7, 2022 New research has revealed that one in three mid-market firms suffered from a hacker induced outage in 2021. According to a report by cyber firm Censornet, one in five companies were forced to pay hackers to deactivate ransomware, with the average pay-out hitting £144,000, and seven per cent handing out more than £500,000. “For the [...]
Crackdown on misinformation: TikTok suspends live streaming in Russia March 6, 2022 TikTok have said it will be suspending live streaming and new content in Russia as the social media firm faces questions about the spread of misinformation. However, the Chinese tech giant has said that the in-app messaging will not be impacted in Russia as the company evaluates its safety measures, according to reports from Reuters. [...]
Business of Space: What’s the deal with space traffic? March 5, 2022 This week Starlink makes a stance UK’s SaxaVord enters French market What’s the deal with space traffic? SpaceX SpaceX boss Elon Musk said today that its Starlink, a satellite broadband service, has been urged to block Russian news sources by some governments, but not Ukraine. Tweeting on Saturday, the billionaire entrepreneur said: “We will not [...]