Foxconn faces revenue slump after iPhone factory fallout December 5, 2022 Revenues slumped for Foxconn as the iPhone manufacturing partner feels the sting on ongoing unrest over Covid restrictions and pay. The company reported NT$551bn (£14.7bn) in revenue last month, tumbling 29 per cent from October, and 11 per cent on the year before. November is usually a prosperous period for the firm, as it gears [...]
Google vs the US Government: Tech giant in biggest antitrust trial in decades September 12, 2023 Google will confront a threat to its dominant search engine beginning on Tuesday when federal regulators launch an attempt to dismantle its internet empire in the biggest US antitrust trial in a quarter century. Over the next 10 weeks, federal lawyers and state attorneys general will try to prove Google rigged the market in its [...]
Tech stocks get ready for a rocky road ahead October 24, 2022 BIG TECH braces itself for another testing earnings season, as the biggest names in Silicon Valley post their quarterly figures this week. Kicking off the tumble last Friday, Snapchat posted a rocky quarter, citing squeezed ad spend and ongoing macroeconomic uncertainty as the main driver. Not only has Snapchat’s parent firm lost a quarter of [...]
Google faces £7bn UK legal claim over anti-competitive search engine practices September 7, 2023 Google is the subject of a new multibillion-pound legal claim in the UK which accuses the tech giant of shutting out competition in mobile search and driving up prices for consumers as a result. The claim, filed with the Competition Appeal Tribunal, is seeking around £7 billion in damages for UK consumers. It accuses the [...]
Wanna feel old? Your old Blackberry is now the subject of a nostalgic movie August 4, 2023 “Want to feel old…?” has become a tired meme – but seriously, want to feel old? Blackberry, the world’s first smartphone and once the biggest company in Canada, is now such a nostalgic legacy product that it’s the subject of a movie being released later this year. In a former life as a tech reporter [...]
Australian regulator to probe competition between Apple and Google September 8, 2020 Australia’s competition watchdog has said it is going to take a deeper look at the use of data by apps and the extent of competition between the app stores of Apple and Google. It follows a major antitrust investigation of Apple’s app store policies in the EU announced earlier this year, as well as other [...]
Which stocks are Warren Buffett, Michael Burry and Bill Ackman buying? August 15, 2024 A raft of the biggest US investors, like Warren Buffett, the Big Short’s Michael Burry, and Bill Ackman have disclosed which stocks they’ve bought and sold over the last three months. The holdings were revealed in 13-F filings last night, which all US funds worth over $100m have to file with the Securities and Exchange [...]
Google to pay £553m to settle major antitrust case December 19, 2023 Google has agreed to pay 700 million US dollars (£553m) and make several other concessions to settle allegations that it had been stifling competition against its Android app store.
The recipes my ex taught me: How his dishes outlasted our relationship June 3, 2024 There is no nostalgia there now but I’ll give him one thing: he gifted me a love of cooking that far outlasted the relationship.
Riots break out at world’s biggest iPhone factory in China over Covid and pay November 23, 2022 Protests have broken out at the world’s biggest iPhone factory in the Chinese city of Zhengzhou. According to reports from Bloomberg, workers at the Foxconn Technology plant started to protest overnight over unpaid wages and fears of Covid rates. Footage has circulated online, showing hundreds of workers marching, with riot police present. Tensions have been growing in [...]