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Technology
Apple Sales Fall for Fourth Quarter Straight Amid China Sloweddown
Apple Inc. warned that the revenue for the holiday quarter would be similar to last year. This means that investors will not see the growth they had hoped for.
Luca Maestri, Apple's Chief Financial Officer, said that while iPhone revenue…
Velocys, a green jet fuel company, receives a funding boost
After it announced that a funding round was not going ahead, shares in a "carbon negative" jet fuel manufacturer which has received tens and millions of pounds worth of grants from the government collapsed by over two thirds.
Velocys, a…
Apple loses bid to shut down UK iPhone class action lawsuit
Apple Inc. lost its bid to dismiss the London class-action lawsuit accusing it of misleading iPhone customers about a controversial power management feature.
According to a decision made on Wednesday, the Competition Appeal Tribunal (the…
Land Rover Electric Defender to be Made in Slovakia
Jaguar Land Rover is building an electric version off-road Defender in Slovakia, as part of the company's commitment to manufacturing the British vehicle outside its own country.
JLR has not revealed any details about its electric plans,…
Meta (META) Shares Rise After Q3 EPS, Revenue Beat Estimates
Meta Platforms Inc. Investors' hopes of a long-term recovery in advertising were dashed by Meta Platforms Inc., which said that it was at whimsy due to an uncertain economic climate. The company also plans to invest heavily in newer…
ASML Machine Made the Huawei Smartphone Chip that Alarmed US
According to sources familiar with the situation, China's Semiconductor Manufacturing International Corp. utilized equipment from ASML Holdings NV in order to produce an advanced processor used for a Chinese Smartphone that alarm the US.…
Quick Returns on Quarterly Revenue Growth from Improved Ad Business
Snap Inc. saw revenue growth again in the third quarter, after two consecutive periods of decline. This shows that the improvements made to its digital advertising are finally paying off. The company warned that delays in advertising caused…
London’s latest listing flop ranks as the worst IPO of the Year
New London listings continue to face problems. The processor of currency transactions, CAB Payments Holdings Ltd., has now become the worst-performing major IPO in the world this year.
The firm's value, which was about $1 billion at the…
UK is a great place for investors and startups in Biotech, Life Sciences
It's the time of year when the UK is positioned as a leader in technology.
The government will convene international executives and financiers in November to promote investment opportunities for British companies working on "deep tech" and…
State media reports that China has launched an investigation into iPhone manufacturer Foxconn.
China's state media reported Sunday that it has opened an investigation into Apple iPhone manufacturer Foxconn regarding tax and land usage.
The Global Times, citing unnamed sources, reported that tax authorities had inspected Foxconn…
Amazon announces plans to deliver packages via drones in the UK and Italy
Amazon announced that it will begin delivering packages by drone in the UK and Italy for the first-time as part of its ambitious airborne program.
The American tech giant announced on Wednesday it would introduce autonomous aircraft…
PwC offers advice from bots in deal with OpenAI, a ChatGPT firm
PricewaterhouseCoopers LLP has teamed up with ChatGPT owner OpenAI to offer clients advice generated by artificial intelligence as the Big Four audit firms look to cut costs and boost productivity.
The accounting firm plans to use AI for…
Amazon Prime Day Deals Launch With Shoppers in the ‘Driver’s Seat’
Amazon.com Inc. launched its fall sale on Tuesday for Prime members. Price-conscious shoppers opted to buy low-cost kitchen appliances and clothing rather than spend big on expensive items.
Attain, an independent research company that…
Jamie Dimon says that AI will allow people to live up to 100 years old and still work…
The boss of Wall Street’s largest bank said that artificial intelligence would allow people to work only three and a half days per week while living to be 100 years old.
Jamie Dimon is the chief executive officer of JP Morgan. He…
UK robotic surgery group raises $165mn
CMR Surgical, a UK robotic surgery company, has raised $165mn in funding from investors such as Japan's SoftBank. The money will be used to expand the group globally. As more surgeons adopt technology in operating rooms.
CMR Surgical,…
TikTok receives largest-ever penalty for violating child privacy regulations
Ireland has imposed a penalty of €345 million on TikTok due to its inadequate measures regarding the privacy of children.
Google provises a defense against antitrust allegations
In court this week, Google defended itself against accusations of creating a monopoly in the search engine industry by presenting evidence that users actively choose Google as their preferred search engine over competitors such as Bing and…
Apple faces backlash for removing Lightning chargers from new iPhones
Apple will not be able to control the update for iPhone 15 due to new law
Under the stairs or the garage is a box that contains a mess of cables, charging plugs, and other miscellaneous items. This copper and plastic mess is…