Spotify removes Neil Young tunes following Rogan vaccine row January 27, 2022 In a growing sign that the biggest digital tech platforms are becoming effective publishers, Spotify vows to remove Neil Young following a feud over podcaster Joe Rogan’s false Covid claims. In an open letter to his manager and record label this week, Young demanded that his songs be removed from the streaming platform, after he [...]
Samsung and Intel weather chip shortages hitting record sales January 27, 2022 Samsung and Intel recorded another quarter of record sales in the final three months of 2021, as both companies weather the supply chain storm. South Korean giant Samsung’s profit climbed 65.13 per cent from the previous year, reflecting the expanded sales of premium smartphones, including foldable phones, as well as TVs and home appliances. Operating [...]
Ackman snaps up $1bn Netflix stake to go “all-in” on streaming January 27, 2022 Billionaire activist investor Bill Ackman has revealed he has built a stake in Netflix worth more than $1bn dollars, as the streaming giant battles a spiralling share price and investor exodus. Ackman announced on Twitter yesterday that his firm Pershing Square Capital Management started buying up Netflix shares on Friday and was now a top-20 [...]
Ola injects £100m into UK engineering and design innovation January 27, 2022 Ola Electric, India’s leading manufacturer of EVs, today announced Ola Futurefoundry, its global centre for advanced engineering and vehicle design.
LG Energy Solution becomes South Korea’s second-most valuable firm after formidable debut January 27, 2022 LG Energy Solution Ltd (LGES) saw its stock price soar 68 per cent following its trading debut, as the battery maker becomes South Korea's second-most valuable company.
WeTransfer cancels plans for Euronext listing in Amsterdam due to ‘volatile market’ January 27, 2022 WeTransfer announces it will not proceed with its intended listing on Euronext Amsterdam due to market conditions WeTransfer’s parent company, WeRock, said this morning it has decided not to proceed with its intended initial public offering and listing of its ordinary shares on Euronext Amsterdam “due to volatile market conditions, notwithstanding the substantial investor demand [...]
UK can be home of crypto and fintech, says Matt Hancock January 26, 2022 The UK can be the home of cryptocurrency, according to Matt Hancock, as watchdogs scramble to regulate the emerging digital asset. Speaking in the Commons earlier today, the minister hailed the UK’s blossoming fintech industry, urging that it can be a sector in which the UK is a world leader. “These innovations have the potential [...]
12 years later: EU court annuls Intel’s £886m antitrust fine January 26, 2022 Intel has won an appeal against a €1.06bn (£886m) EU antitrust fine that was handed to the company 12 years ago in a momentous win for tech firms.
EU aims to be ‘torchbearer’ introducing digital rights and principles January 26, 2022 The European Commission, in a global first, proposed a set of digital rights and principles this morning that aim to protect people's rights, support democracy and ensure a fair and safe online environment.
UK tech tycoon Mike Lynch fails bid to delay US extradition ruling January 26, 2022 British technology tycoon Mike Lynch, who is facing extradition to the US after being accused of fraud, has failed to delay a decision by the Home Office this morning. US authorities accused Lynch of being involved in a multibillion-dollar fraud over the sale of his software company, Autonomy, to Hewlett-Packard in 2011 for £8.5bn, which [...]