Softbank seizes control of Wework in deal netting Adam Neumann $1.7bn October 22, 2019 Softbank has won approval from Wework’s board to take control of the struggling office space company, in a deal that nets co-founder Adam Neumann $1.7bn (£1.3bn) but severs most of his ties with the firm. Neumann will also step down from Wework’s board, the Wall Street Journal reported. Read more: Wework creates committee to mull [...]
MPs challenge Sir Nick Clegg over Facebook’s political ads rule change October 22, 2019 A top MP has written to Facebook vice president Sir Nick Clegg urging him to explain why the social media platform has overhauled its rules on political advertising. Damian Collins, chair of the Digital, Culture, Media and Sport (DCMS) Select Committee, warned the changes would “place a heavy constraint on [Facebook’s] ability to combat disinformation [...]
Brexit can spark a Big Bang for life sciences October 22, 2019 Whether or not Halloween marks a new chapter in the UK’s relationship with the EU, it also marks over 30 years since the “Big Bang” reforms to Canada. And it is this milestone – rather than any Brexit deal – which is more instructive for how the country can make its way [...]
These are the 10 most dangerous celebrities to search for online October 22, 2019 Carrying out an online search for your favourite singer or TV star may seem an innocuous way to while away the time. However, a spot of celebrity stalking could turn out to be dangerous, as cyber criminals lure in unwitting fans with links to malicious websites. Read more: Russian cyber criminals hack Iranian hackers to [...]
Buzzfeed and Gousto investors back London media AI startup October 22, 2019 A London artificial intelligence (AI) startup has today closed a $25m (£19.2m) funding round to help businesses better track their competition. Signal AI’s series C round was led by Redline Ventures, and supported by the venture arm of publishing giant Hearst. Other investors included Gousto backer MMC Ventures, and GMG Ventures which counts the owner [...]
It’s not modern alchemy, carbon capture is a key weapon in the fight against climate change October 22, 2019 While the protesters may have gone for now, the memory of the Extinction Rebellion demonstrations across London lives on. Their presence amid the bracing weather over the past two weeks serves as a fitting testament to the growing public demand that climate change must be addressed. Spurred by public opinion, businesses worldwide are seeking to [...]
Russian cyber criminals hack Iranian hackers to disguise attacks October 21, 2019 A Russian cyber crime group hacked into a rival Iranian outfit so that it could carry out attacks in disguise, an investigation by cyber spooks has revealed. The so-called Turla group took control of tools and infrastructure belonging to an Iranian organisation known as Oilrig before launching cyber attacks on more than 35 countries. Read [...]
Micro Focus shares sink as Open Text denies it might buy British IT firm October 21, 2019 Micro Focus’ share price fell to a 19-month low today after a potential buyer ruled out an acquisition of the troubled British IT firm. Open Text has flat out denied a Bloomberg report last week that the Canadian firm was weighing up a bid. Read more: Micro Focus overhauls exec pay after shareholder backlash “Open [...]
SAP strikes three-year cloud computing deal with Microsoft October 21, 2019 Software company SAP said today it had agreed a three-year deal with Microsoft to help its large business customers move business processes into the cloud. The partnership, called Embrace, aims to help clients run operations hosted at remote servers supported by SAP’s S/4HANA database. Read more: Software giant SAP to buy Qualtrics for $8bn days [...]
Avast boosts cyber security sales to $218m October 18, 2019 Avast posted growing sales in its third quarter despite shedding off its managed workplace and business divisions, it reported today. The cyber security outfit said revenue rose nine per cent year on year for the three months to the end of September to $218.3m (£170m). Meanwhile adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) [...]