Report says Israeli tech investments nearly halved in 2022
Investments in Israel’s tech sector dropped by nearly half in 2022, reflecting a global economic slowdown.
Business
BMW Doubles Up On Paid Subscriptions In the US, Charges $105 A Year For Remote Engine Start
An anonymous reader shares a report: BMW is expanding the number of feature subscriptions it is offering in the United States. The marque has revealed that five vehicle features are now available through its subscription service, consisting of Remote E…
Ciphr, Encrypted App That Served Organized Crime, Rebrands as Enterprise Software
The company behind Ciphr, an encrypted messaging platform that was especially popular among organized criminals and high tier drug traffickers, is beta testing a new app in an apparent rebrand from its long running reputation as a tech tool of the unde…
British PR man to get £35m payday as Teneo buys Tulchan
UK financial PR firm acquired by US group in a deal valuing business at more than £70mThe founder of Tulchan is set for a £35m payday after selling the London-based financial and corporate PR firm to rival global advisory Teneo.Teneo, the US PR firm ac…
Davos to host leaders, CEOs amid weighty global issues
The Swiss town of Davos will host 52 heads of state and government and nearly 600 CEOs as the World Economic Forum hosts its annual meeting in the Alps next week.
Global economy risks second recession within three years, warns World Bank
Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and warAny fresh setback to a global economy already rapidly weakening as a result of high inflation, interest rates and war could result in a second rec…
Coinbase To Cut 20% Jobs, Abandon ‘Several’ Projects To Weather Downturns in Crypto Market
Coinbase plans to cut 950 jobs, or about 20% of its workforce, and shut down “several” projects as the U.S. crypto exchange giant looks to reduce its expenses to increase its “chances of doing well in every scenario.” From a report: This is the second …
Bed Bath & Beyond 3Q results miss Street as sales slide 33%
Bed Bath & Beyond’s fiscal third-quarter sales fell 33% as the home goods company works on striking the right balance with its shoppers.
Cut in energy support to firms ‘threatens UK decarbonisation’
Cornwall Insight warns reduction in support could curb businesses’ ability to invest in reducing fossil fuel emissionsThe reduction in government support for companies’ energy bills could threaten their efforts to reduce fossil fuel emissions, a leadi…
Europe has avoided energy collapse. But is the crisis over?
Warm weather is helping Europe keep the lights and heat on this winter despite Russia cutting off most of its natural gas supply to the continent.