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Sector reacts to post-pandemic shift in digital spending and gloomy economic outlook for 2023Microsoft is cutting 10,000 jobs as it cited a post-pandemic shift in digital spending habits and weakness in the global economy.The tech group joined a list o…
This live blog has now closed, you can read more about this story hereHuw Merriman, the rail minister, told MPs this morning that the government has lost more money due to the impact of rail strikes than it would have cost to settle the disputes months…
Move marks shift in focus by Beijing as it tries to extend influence and keep sector in checkChina is to take “golden shares” in two of its biggest tech companies, Alibaba and Tencent, as Beijing extends its influence on the country’s star tech firms a…
Talks on rescue deal for battery startup led by DeaLab, which has been involved in fossil fuel transactionsThe battery startup Britishvolt is in talks with an Indonesia-linked oil and gas investor for a £160m rescue deal that would almost wipe out the …
Company says it is hoping to secure long-term funding so it can build ‘gigafactory’ in Blyth, NorthumberlandThe battery startup Britishvolt is in talks to sell the majority of its shares to a consortium of investors, in a deal that could allow it to co…
Japanese investor SoftBank thought to favour New York for computer chip designer’s IPORishi Sunak has reportedly restarted efforts to persuade the Japanese investor SoftBank to list the computer chip designer Arm in London.SoftBank has been considering…
Irish regulator fines Facebook owner €390m after EU rejects argument for use of data to drive personalised adsThe business model of Mark Zuckerberg’s Meta empire has been dealt a blow following a ruling that its legal justification for targeting users …