European Parliament passes controversial EU Copyright Directive March 26, 2019 The European Parliament has voted for a controversial copyright directive that critics claim could harm the future of the internet. Read more: EU agrees draft copyright reform in blow to tech giants The Copyright Directive passed today with 348 MEP votes, compared to 278 voting against it. The law includes ill-received elements such as making [...]
Samsung issues profit warning amid collapse in memory chip prices March 26, 2019 Samsung issued a surprise warning to its shareholders this morning that its first-quarter results would be worse than expected due to collapsing memory chip prices and lower demand for its display panels business. In a regulatory filing issued to the London Stock Exchange before its earnings guidance next week, the South Korean tech giant said: [...]
Apple ‘show time’ event: Tim Cook debuts Apple TV streaming service March 25, 2019 Apple has unveiled a new streaming platform to take on Netflix during an eagerly-anticipated launch event in California this evening. Oprah, Steven Spielberg and Jennifer Aniston were among the celebrities who took to the stage during a dramatic presentation to announce a revamp of Apple’s TV service. Read more: Apple reveals UK pricing for its [...]
Autonomy founder Mike Lynch inflated sales before £8.4bn HP deal, court hears March 25, 2019 The biggest civil fraud trial in UK history kicked off on Monday with Hewlett-Packard (HP) accusing entrepreneur Mike Lynch of inflating his software company’s revenues ahead of its £8.4bn sale to the US tech giant in 2011. Lynch “committed a deliberate fraud” to bump up Autonomy’s revenue, the High Court was told. HP is suing [...]
AI is coming for you: One in three Canada jobs at risk from automation March 25, 2019 More than one in three jobs in Canada are under threat from automation, a study has found. The Office for National Statistics identified around 710,000 jobs in the Square Mile which they said were at risk from new automated technology. However, the figures make the City one of the top four safest [...]
iSmash on rivalling Apple for tech repairs and launching more stores in a dying high street March 25, 2019 Many will be familiar with the trauma: you drop your smartphone and the screen shatters into a modern-day mosaic. You either learn to live with shards of glass jabbing your fingers, wait a week for a phone company to fix it, or pay for a bodge job at a corner shop. Except those are no longer [...]
Inmarsat prepares to leave stock market in $3.4bn private equity deal March 25, 2019 Private equity firms have sealed a $3.4bn (£2.58bn) deal for UK satellite operator Inmarsat, sending its shares up seven per cent in early morning trading. The agreement will see the successful bidders pay $7.21 (546p) per share for the firm, a premium on its Friday close price of 506.2p. Read more: Inmarsat shares jump 16 [...]
US prosecutors hit Autonomy founder Lynch with new charges over sale to HP March 24, 2019 Autonomy founder Mike Lynch has strongly denied criminal charges which were levelled against him by US authorities last week. A spokesperson for the British entrepreneur hit back at three new claims over the $11bn (£8.4bn) sale of his software business to Hewlett-Packard (HP) in 2011. Read more: UK tech entrepreneur Mike Lynch charged in US [...]
Tesla sues former engineer for allegedly passing tech secrets to Chinese rival Xiaopeng March 22, 2019 Tesla has accused a former employee of stealing trade secrets and handing them over to a Chinese rival. Elon Musk’s firm has filed a lawsuit alleging one of its former engineers, Guangazhi Cao, copied the source code for its Autopilot self-driving technology before joining Chinese startup Xiaopeng Motors. Read more: Tesla launches new Model Y [...]
Government voices ‘serious concerns’ over Chinese cyber attack threat to UK 5G network March 22, 2019 The government has said it has “serious concerns” about the risk of China gaining access to the UK’s telecoms infrastructure. Jeremy Wright, Secretary of State for Digital, Culture, Media and Sport (DCMS), said the government is worried about the risk of interference from “both state and non-state actors”. Read more: Trump: UK's 5G plans put [...]