FRC: Deloitte allowed Autonomy to ‘present misleading financial position’ January 6, 2021 Deloitte’s audit of scandal-hit UK software firm Autonomy allowed the company to “present a misleading picture of its financial position”, the City watchdog said this morning. The Financial Reporting Council investigated the actions of Deloitte and former partners Richard Knights and Nigel Mercer in relation to their audits of the disgraced tech company’s accounts. Autonomy [...]
Qualcomm boss Steve Mollenkopf steps down after seven tumultuous years January 5, 2021 Qualcomm chief executive Steve Mollenkopf will step down after seven tumultuous years at the helm of the company. He will be replaced by his deputy Cristiano Amon who was “unanimously selected” by the board following Mollenkopf’s decision to retire. The end of Mollenkopf’s reign will allow Qualcomm to put its period of legal battles behind [...]
More than 80,000 UK-run websites suspended due to Brexit January 5, 2021 Over 80,000 UK-run websites have been plunged into a blackout following a culling of EU domain names after Brexit. EURid, which manages the European Union domain name, has suspended the .eu websites under new rules that came into force on 1 January. The stringent new regime means that all existing UK-registered .eu domains have been [...]
Ticketmaster handed $10m fine for hacking into rival company January 5, 2021 Ticketmaster has been slapped with a $10m (£7.4m) fine after it was charged with repeatedly hacking into the computer systems of a rival company. In court documents filed last week, the Department of Justice (DoJ) said several Ticketmaster employees used stolen passwords to access confidential information in a bid to “choke off” competition from a [...]
Google workers to form union after string of protests January 4, 2021 Hundreds of Google employees in the US have formed a union, marking a rare example of organisation in Silicon Valley. More than 200 staff members have signed up to the Alphabet Workers Union (AWU), which also represents other companies owned by Google’s parent group. The union, which is supported by the Communications Workers of America, [...]
Where is Jack Ma? Chinese billionaire ‘missing’ after criticising Beijing January 4, 2021 Speculation has been mounting over the whereabouts of Chinese tech billionaire Jack Ma, who has not been seen in public for two months. Ma, who founded ecommerce behemoth Alibaba, hit the headlines in October when he made a speech criticising China’s financial regulators and state banks. The tycoon was reprimanded by Beijing and the $34bn [...]
Matt Hancock: South African coronavirus mutation ‘more of a problem’ than current strain January 4, 2021 The new South African coronavirus mutation is the fastest-spreading Covid strain yet and will likely present a “very, very significant problem” for the UK, the health secretary has warned. Speaking on the BBC’s Today programme, Hancock said he was “incredibly worried” about the South African variant. “That’s why we took the action that we did [...]
Software startup Ondato moves to London in post-Brexit boost December 31, 2020 Software startup Ondato is establishing new headquarters in London, marking a show of confidence in the UK’s booming tech scene after Brexit. Ondato, which operates biometric authentication software, said it was “undeterred” by the UK’s departure from the EU and would use its new base in Canary Wharf to drive further expansion in Europe. The [...]
British chipmaker Graphcore raises $222m as AI rivalry heats up December 29, 2020 UK chipmaker Graphcore has raised $222m (£164m) in fresh funding as it gears up for growing demand for its technology. The series E funding round takes the Bristol-based firm’s valuation to $2.8bn, making it one of the country’s most valuable unicorns. Graphcore specialises in so-called intelligence processing units (IPU) — a form of chip designed [...]
UK tech jobs bounce back as investment hits record high December 29, 2020 UK tech job vacancies have bounced back strongly as Britain’s booming tech sector shrugged off the Covid-19 pandemic to attract record levels of investment. While job vacancies in the industry dropped sharply at the height of the crisis in July, they have since climbed 50 per cent and are now accumulating at a rate of [...]