Shares in Alphabet rise after its first quarter results beat expectations, despite reduced ad spending, TikTok competition etc
News Enterprise
UK’s CMA Blocks Microsoft’s $69bn Acquisition Of Activision Blizzard
Final decision by UK regulator to block Microsoft's Activision Blizzard acquisition, but Microsoft says it will appeal
Microsoft Shares Rise As Q3 Earnings Beat Forecasts
Azure cloud delivers for Microsoft despite tough economic conditions – with artificial intelligence slated for future growth
Alphabet To Merge AI Units Deepmind And Google Brain
One better than two? Alphabet doubles down on artificial intelligence, by merging two of its key AI divisions
EU Agrees Comprehensive Framework For Crypto Regulation
EU Parliament approves 'Markets in Crypto Act' (MiCA) for regulation of crypto transparency, disclosure, authorisation, and supervision
UK Government To Deliver Crypto Laws In Next 12 Months – Report
Treasury minister says UK could introduce specific laws aimed at regulating cryptocurrency in next 12 months
Netflix Ends DVD By Post, Amid Password-Sharing Crackdown
Mostly positive results from Netflix, as streaming giant winds down legacy DVD via post program and expands password crackdown
Sega Offers £625m For Studio Behind ‘Angry Birds’
Sonic the Hedgehog maker Sega offers 706m euros for Rovio, studio behind pioneering mobile game Angry Birds
Twitter No Longer Exists, As X Corp Takes Over
Elon Musk's Twitter no longer exists as company, after a filing this week shows Twitter has been merged into X Corp
Elon Musk Axed 80 Percent Of Staff, Admits Painful Tenure
Musk tells BBC Twitter is now roughly breaking even and advertisers are returning, but admits running platform is “quite painful”
TSMC Investment Plans For Taiwan Unchanged – Report
Amid growing concerns about China's intentions for Taiwan, government minister says TSMC local investments remain unchanged
Apple Doubles Investment In Carbon Removal Fund
Investment by Apple of another $200 million in the ‘Restore Fund’, to remove carbon emissions and support sustainable forestry
Sony Lashes Out At CMA’s ‘Irrational’ Reversal Over Microsoft Activision Buy
UK regulator decision to reverse its preliminary judgement against Microsoft's purchase of Activision Blizzard, slammed by Sony
Samsung To Cut Chip Production Amid Profit Decline
Electronics giant Samsung will make “meaningful” cut to chip production, amid global downturn in semiconductor demand
Amazon’s $1.7bn iRobot Acquisition Triggers UK Antitrust Inquiry
UK's antitrust regulator begins investigation of Amazon's proposed smart home acquisition of Roomba maker iRobot
Foreign Cash Flows Into China On Alibaba Breakup Plan
Foreign investment in China surges after Alibaba announces breakup plan, as investors see sign of more business-friendly attitude from Beijing
Virgin Orbit Files For Bankruptcy In US
Sir Richard Branson satellite launch firm Virgin Orbit files for bankruptcy in US after failing to secure funding, 18 months after Nasdaq debut
Paris To Ban E-Scooters After Referendum
Paris to ban e-scooters after voter poll, but providers criticise vote in which only 4 percent of residents took part
Virgin Orbit Lays Off 85 Percent Of Staff
Nearly 700 jobs to go at Sir Richard Branson’s rocket company Virgin Orbit Holdings, amid reports it will cease operations
Why Leaders Must Embrace Technological Chaos
Experience has shown me that chaos can bring about major opportunities for you and your business which would not have materialised in a stable world. Managing chaos is what distinguishes a truly great leader. Many people fear it. Great ...
Broadcom’s $61bn VMware Deal Faces Phase 2 CMA Probe
Decision by Broadcom not to offer the UK watchdog remedies to its Phase 1 concerns, triggers in-depth Phase 2 investigation
South Korea, US Seek Do Kwon Extradition
Who has first dibs? South Korea and the United States have both requested the extradition of Terra co-founder Do Kwon
Apple Launches Buy Now, Pay Later Service For US
Fintech move for Apple after it launches service to allow consumers in the US to pay for purchases over time
Sam Bankman-Fried Charged With Bribing Chinese Officials
New US indictment alleges FTX's Sam Bankman-Fried paid over $40 million to bribe at least one official in China
Investors Pull $1.6 Billion After US CFTC Charged Binance
Over a $1 billion withdrawn from biggest crypto exchange Binance, after regulators allege violation of US financial laws
Alibaba Group To Split In Major Restructure
Alibaba Group to split into six independent unit in major restructure following years of intense pressure from regulators
Terra Co-Founder Do Kwon Arrested In Montenegro
Interpol confirms Do Kwon arrested after six months on the run, after spectacular demise of TerraUSD cryptocurrency
FTX Agrees Deal To Recover $400m From Hedge Fund
New management of failed crypto exchange FTX announce deal to recover more $400 million from a Bahamas-based hedge fund
SEC Charges Celebrities Over Cryptocurrency Endorsements
Lindsay Lohan, Jake Paul and other celebrities charged by the US financial watchdog over cryptocurrency endorsements
UK Watchdog Rules Against Broadcom’s $61bn VMware Buy
CMA's Phase 1 investigation of Broadcom’s proposed acquisition of VMware, concludes deal could lead to less innovation and drive up costs