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Technology & Media
Business

Billionaire Bankman-Fried’s FTX snaps up assets of bankrupt Voyager

Voyager had snubbed an earlier offer from FTX to purchase its assets, describing the proposal as a ‘low-ball bid dressed up as a white knight rescue.’

Business

DAZN crowned Europe’s biggest sports streamer after buying Eleven

The deal makes Hammersmith-based DAZN a market leader in football coverage in Portugal and Belgium, as well as in Italy and Spain where it already holds top tier domestic football rights.

Business

Global manhunt for crypto boss after stablecoin loses $45 billion

South Korea’s special financial crimes unit began an investigation into Kwon’s Terra after a group of five investors filed criminal complaints

Business

Apple boss Tim Cook makes first visit to new London Battersea HQ

Tim Cook is expected to stay in London for a number of days ahead of the company moving to its new headquarters early next year

Business

TikTok drawing up plans to deal with security concerns to avoid a sale

The US government had asked TikTok’s Chinese parent company to sell it over concerns Chinese authorities were able to access user information

Business

Silicon Valley Bank creates UK subsidiary in boost for London tech

The firm said the move reflects the strong growth of tech businesses in the UK

Business

Depop founder swaps fashion for home-cooked food with new Delli app

Founder Simon Beckerman believes pandemic lockdowns created an army of self-trained chefs across London, and his app has the power to mobilise them

Business

Hacker steals £140 million from crypto firm Wintermute

Binance CEO Changpeng Zhao offered his assistance to the company

Business

Bitcoin drops below $19,000 benchmark

Tough 24 hours for cryptocurrencies as potential Federal Reserve rate hike weighs on investors

Business

British chipmaker IQE urges government support for industry

Business secretary Kwasi Kwarteng began a review into a deal to acquire the Newport Wafer Fab in May citing national security concerns

Business

AstraZeneca clears US regulatory hurdle for new cancer drug Imfinzi

The drug reduces the risk of death by 20% compared with chemotherapy alone

Business

Ex-Liverpool chief eyes end of live TV football

The development is the latest sign of the sports industry’s rush to establish a foothold in the metaverse

Business

Coinbase tries to calm customers after lawsuit on security safeguards

Chief security officer Philip Martin said a lack of consumer awareness about online dangers often leaves people exposed to scams and hacking attemps

Business

Sony ramps up PS5 price amid increased cost pressures

The company plans to increase production of the console to 18 million units by March 2023

Business

Steven Bartlett raises £20 million for blockchain technology firm

Major investors in the company include serial entrepreneurs Gary Vaynerchuck and Mark Cuban

Business

US regulator quizzes Twitter boss on spam account numbers

Twitter has reaffirmed its view that fake accounts represent less than 5% of overall users

Business

Atom hails benefits of four day week six months after introduction

Atom employees said they’d used the day off to spend time with children, go on long walks with dogs or volunteer for a charity

Business

Mastercard to bring Bitcoin payments to high street stores

The company plans to let people use their crypto holdings in over 90 million shops

Business

Twitter’s policies threaten national security according to former exec

The allegations were made as part of whistleblower submissions to US government agencies

Business

Vodafone to sell Hungary business in £1.5 billion deal

The telecoms giant is exploring similar sales in other markets, including in the UK

Business

Crypto analyst warns of 2008 financial crash-style ‘domino effect’

At least 10 crypto firms have gone bust or have suspended withdrawals since the beginning of the year

Business

Just Eat Takeaway sells iFood stake in £1.5 billion deal

The company is also under pressure to sell its US arm GrubHub

Business

OnlyFans content creator who made $5 million invests in rival platform

Content creator Bryce Adams says the move could mark the start of a career in investing

Technology & Media

Trump’s Truth Social surges in popularity: What is it?

Trump app Truth Social has seen a boost following the FBI raid on his Mar-a-Lago estate

Business

Airport staff quit to join London coding firm

Workers in the travel and leisure sectors are re-evaluating their careers, according to the boss of Sparta Global

Business

Swedish rival buys Fat Llama as Brits rent out personal belongings

High-earning lenders regularly make as much as £12,000 a month through the platform

Business

Starling and Monzo beat big banks in customer satisfaction survey

298-year-old Royal Bank of Scotland came bottom of the list

Business

Facebook accused of spreading disinformation

Global Witness said Facebook had approved adverts which promoted the wrong election date and false voting methods

Business

The tech firm that will pay to borrow your PlayStation

Matt Hawkins, CEO of Cudos, calls his project the “Airbnb of computing”

Business

Troubled Toshiba’s profits chipped by raw materials hike

Business offset half the impact of higher materials and logistics costs with price increases

Business News

Deliveroo skids £147m into red as customers back-pedal on order size

Boss Will Shu said Brits are ordering cheaper menu items and fewer drinks to save money

Business

Warner Music posts third quarter revenue boost

Label that houses artists including Dua Lipa, Kylie Minogue and Coldplay beat expectations

Business

SoftBank posts record £19bn loss as tech investments flop

The results add further pain on top of the $26 billion loss its Vision Fund posted in May

Business

WPP posts positive results but not ‘naïve’ on impending recession

Revenues at the advertising network that houses Ogilvy and Grey jumped 10.2% to £6.75 billion in first half of year

Business News

Just Eat suffers £2.5 billion Grubhub hit as food orders slide

The UK and Ireland performed worse than other European regions with a 13% drop in sales over last year

Business

Robinhood sacks nearly one in four staff as retail investors leave

The firm’s app has seen an almost 2 million drop in regular users

Business

Pearson boss eyes NFT textbooks as next revenue stream

The CEO said the company has set up a team dedicating to working on the metaverse.