Vodafone transfers shares in Egypt arm as it simplifies core business December 13, 2022 Vodafone transferred over half of its shareholding in its Egypt business to Vodacom, its African subsidiary, as it simplifies the core business. Under the agreement, the telecoms giant has been issued with 242 million shares in Vodacom and received cash proceeds of €577m in exchange for its 55 per cent shareholding in Vodafone Egypt. Acting [...]
Amazon delays graduate joiners amid cost cuts December 13, 2022 Amazon has delayed graduate recruitment dates as the e-commerce giant attempts to slim down costs. Students who were due to start in May 2023 have been told they cannot join the US firm until the end of next year, due to the “macroeconomic environment”. The firm has however offered a one-off payment of $13,000 to [...]
Microsoft becomes shareholder in the London Stock Exchange Group December 12, 2022 Microsoft snapped up a stake in the London Stock Exchange Group this morning, as big tech continues to disrupt the world of trading. As part of the deal, Microsoft will buy a four per cent stake in the exchange worth about £1.5bn from Blackstone, Thomson Reuters, Canada Pension Plan Investment Board and Singapore’s sovereign wealth [...]
Former Wirecard boss files motion to suspend trial December 12, 2022 Lawyers have called for the criminal trial of the former Wirecard boss Markus Braun to be suspended after prosecutors were accused of ignoring evidence. Braun’s lead lawyer Alfred Dierlamm dismissed allegations of wrongdoing, deeming claims against his client as “absurd,” calling for prosecutors to re-examine key parts of the case. Braun and two other Wirecard managers [...]
Twitter brings back paid blue tick but charges iPhone users more December 12, 2022 Twitter’s paid blue tick made a comeback today after its rollout was paused due to a flurry of impersonators. The social media firm said the verification badge would cost an extra $3 per month for Apple users, meaning that Android users will pay $8 (£6.99) per month for the premium badge, while iPhone owners will [...]
Betting firms warn affordability checks chipping at revenues December 12, 2022 Betting firms have called on the government to publish the long-awaited gambling white paper after a new study finds affordability checks are already chipping at revenues.
ITVX launch: The streaming service that hopes to win youngsters back December 8, 2022 ITVX has officially launched today, replacing the broadcaster’s clunky Hub and welcoming a flurry of new viewers – or so ITV hopes. The man behind this fresh new streaming platform is ITV’s managing director Rufus Radcliffe, who has made it his task to draw in youngsters and advertisers. The platform rebrand was first announced back [...]
Apple expands data-encryption practices in security push December 7, 2022 Apple plans to to significantly expand its data-encryption practices, allowing users to make photos and notes stored on its iCloud service even more private. The tech giant said it would expanding the end-to-end encryption protections in its iCloud service as the security threats increase across the world. The feature, known as Advanced Data Protection for [...]
BBC calls for more funds to battle Netflix December 7, 2022 The BBC have called for “serious public service investment” if it is to stand a chance against the likes of Netflix and Disney Plus. BBC Director-General Tim Davie said that the broadcaster needs more dosh to “avoid further cuts” and to survive what he called a “period of real jeopardy” for the media landscape. Speaking [...]
European IPO tech slump: London comes out on top December 7, 2022 The European tech industry has lost more than $400bn (£327bn) in value as dealmaking ground to a halt this year amid ongoing economic uncertainty. According to a report by London-based Atomico, tech startups across Europe are on track to raise $85bn (£70bn) in funding this year, down $15bn (£12bn) on 2021 levels. The report said [...]
