Big tech faces backlash over big water consumption February 25, 2024 Tech giants like Microsoft, Google, and Meta have ramped up their water usage to cool their data centres, increasingly used for AI services.
UK tech faces talent exodus if founders are penalised by tax hikes September 17, 2024 Prime Minister Keir Starmer has promised that Chancellor Rachel Reeves’ first Budget will prioritise economic growth and wealth creation. But moves to hike taxes that will hurt Britain’s entrepreneurs are putting that pledge in doubt. As British businessman Sir Martin Sorrell warned in City A.M.: “Increasing capital gains tax, especially without index-linking or time apportionment, [...]
Cambridge tech firm Checkit halves losses as it eyes profitability February 15, 2024 Software company Checkit has said its path to profitability is moving faster than expected, after it has halved losses year on year.
Tech and taxes: What do SMEs want to see in the upcoming Budget? September 30, 2024 Small businesses have called on the government to prioritise growth in the upcoming Autumn Budget in order to avoid a slowdown of growth.
Proton Motor doubles deliveries as demand for hydrogen tech booms February 27, 2024 Proton Motor Power Systems said it nearly doubled deliveries of its hydrogen fuel cell systems in 2023 as demand increases for the nascent technology.
Square Mile and Me: Rashik Parmar MBE on becoming a tech veteran September 5, 2024 Each week we ask a City figure to take a trip down memory lane. Today, Rashik Parmar, CEO of BCS, The Chartered Institute for IT, takes us through his career.
UK tech diversity body to shutter as sector faces ‘going backwards’ June 18, 2024 A UK government-funded body working to increase diversity in the tech sector has decided to close despite saying there is a "real risk of going backward".
Tributes paid to Mike Lynch after tech mogul’s death August 23, 2024 Figures from the business and technology sectors have paid tribute to Mike Lynch after the tech mogul’s death was confirmed on Thursday. Mr Lynch was confirmed to have died aged 59 after a luxury yacht, Bayesian, sank off the coast of Sicily. He was the creator of software giant Autonomy, which grew to become one [...]
FTSE 100 bounces back into green after tech sell-off July 26, 2024 FTSE 100 stocks have taken a dive this morning after a set of poor earnings reports and American markets suffering their worst day in two years.
Wall Street carnage continues as Nvidia leads US tech selloff September 4, 2024 A wave of panic selling hit Wall Street on Tuesday, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all suffering their steepest daily percentage declines since early August. The carnage was widespread, with nine of the 11 sectors within the S&P 500 sinking into the red, led by sharp declines in technology, [...]