Tesla, Google, Microsoft and Tiktok push tech layoffs total to nearly 100,000 this year June 17, 2024 A total of 326 tech companies have laid off more than 98,000 employees so far this year, according to online tracker layoffs.fyi.
Exclusive: Laybuy teetering on the edge of collapse as rescue buyer fails to materialise June 14, 2024 Buy-now pay-later firm Laybuy is teetering on the edge of collapse after efforts to find a rescue buyer have so far failed, City A.M. understands.
Nvidia boss Jensen Huang declares new industrial revolution as AI stock keeps gaining June 13, 2024 Nvidia recently reported $26bn in revenue for the first quarter of fiscal year 2025, a 262 per cent increase from the previous year.
Tritax Big Box and UK Commercial Property agree to merge creating £6.3bn real estate giant February 12, 2024 In a stock exchange notice this morning, Tritax Big Box said the merger, which still needs to be voted on by shareholders, would "bring together complementary logistics-oriented investment portfolios with a shared focus on resilient and growing income."
Big tech’s year of rough seas has taught us a lesson in naming winners and losers December 16, 2022 IF 2022 has taught us anything, it has shown us how there are no clear business winners or losers from the pandemic. The rough year for big tech is a case in point. Although many of the Faang (Meta neé Facebook, Apple, Amazon, Netflix and Alphabet) cashed in on the various lockdowns, this year has [...]
Amazon pays just £293m in UK corporation tax despite revenue bounce September 9, 2020 Amazon paid out less than £300m in tax to HMRC last year, despite raking in an extra £3bn in revenue. The e-commerce giant said it paid £293m in direct tax — meaning contributions paid directly to the Treasury through levies such as corporation tax and business rates — in 2019, rising by more than a [...]
Fed set to hold rates this week – but markets will look for clues on cuts April 28, 2024 The Fed is almost certain to leave rates on hold when it announces its decision on Wednesday, but markets will be paying close attention to the central bank's forward guidance.
H&M, Amazon and Boohoo among retailers to be quizzed by MPs over Uyghur slave labour links October 16, 2020 The bosses of retail giants including H&M, Amazon and Boohoo have been summoned to give evidence to a committee of MPs investigating the use of slave labour in the supply chains of UK companies. The Business, Energy and Industrial Strategy (Beis) committee is probing the extent to which businesses in the UK are exploiting the [...]
Spotify calls out ‘kafkaesque’ App Store regulations in its audiobook push October 26, 2022 The boss of Spotify has criticised Apple for stifling its big break into audiobooks, calling its rules around customer access “kafkaesque”. The music streaming firm first announced that it would be pushing into audiobooks back in September, offering a potential rival to Amazon’s Kindle services in the US market. However, Spotify CEO Daniel Ek told [...]
Could DePIN be crypto’s ESG-friendly real world use case? April 18, 2024 So far in this cycle, there have been several narratives that have emerged. These include artificial intelligence (AI), real world assets (RWAs) and decentralised physical infrastructure (DePIN) tokens. Unlike meme tokens, these tokens and projects actually relate to solving a problem.