Business and tech

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Business and tech

UK tightens regulations for streaming services

Netflix, Disney+, Amazon Prime Video, and other streaming services will be subject to new regulations that will bring them in line with traditional broadcasters. According to the culture secretary, Nadine Dorries,  the proposal for Ofcom regulation would protect audiences from harmful content. The reforms are outlined in a government White Paper, which serves as a policy document. The proposals, released by the Department for Culture, Media, and Sport (DCMS), aim […]

todayApril 29, 2022 5

Business and tech

Elon Musk wins Twitter for $44bn

Twitter's board of directors has agreed to a $44 billion (£34.5 billion) takeover bid from billionaire Elon Musk. Mr Musk, who made the surprise bid less than two weeks ago, stated that Twitter has "tremendous potential" that he intends to unlock. He also called for a slew of changes, ranging from loosening content restrictions to eliminating fake accounts. The company initially rejected Mr. Musk's offer, but it will now put […]

todayApril 29, 2022 4

Business and tech

Cost of living in UK at an all time high

Supermarket prices are not immune to the scourge of inflation. Shoppers are returning to stores to discover that their old favourites have increased in price from one week to the next. Consumer goods prices are rising at such a rapid pace that retail analysts have coined a new term, shelf shock.   Nestlé, the parent company of KitKat, Häagen-Dazs, and Felix cat food, became the latest consumer goods company to […]

todayApril 23, 2022 2

Business and tech

Elon Musk has got his eyes on Twitter

Elon Musk, CEO of Tesla, has offered to buy Twitter, claiming that he is the best person to “unlock” the social media platform's “extraordinary potential.” Mr Musk, in a surprise announcement, said he would pay $54.20 per share for Twitter, valuing it at around $40 billion. Mr Musk was recently revealed to be Twitter's largest shareholder after amassing a sizable stake in the company. If his offer was not accepted, […]

todayApril 18, 2022 1

Business and tech

The former head of Goldman Sachs in Malaysia convicted

In his dealings with Malaysia's 1MDB sovereign wealth fund, Roger Ng, Goldman's former head of investment banking in Malaysia, was charged with conspiring to launder money and violating anti-bribery law. The trial, which began in February, re-examined Goldman's role in the international scandal that resulted in Malaysia's former Prime Minister Najib Razak receiving a 12-year prison sentence.   The charges stemmed from bond deals arranged by Goldman in 2012 and […]

todayApril 11, 2022 3

Business and tech

UK to ban gambling and betting companies from using celebrities for ads

Under new rules designed to protect under-18s and other vulnerable groups, gambling and betting companies will be prohibited from using advertising featuring top-flight footballers and other sports personalities, as well as reality TV and social media stars. Past betting and gambling marketing involving stars and celebrities such as Cristiano Ronaldo, José Mourinho, Michael Owen, and Harry Redknapp will be prohibited in the UK, according to the changes outlined by the […]

todayApril 5, 2022 1

Business and tech

Teen accused of cyber crimes

Rival hackers and researchers have identified the teenager, who is said to have amassed a £10.6 million fortune through hacking. The City of London Police say they have arrested seven teenagers in connection with the gang but won't say if he is one of them. The boy's father told the BBC that his family was worried and that they were trying to keep him away from computers. Under the online […]

todayMarch 30, 2022 2

Business and tech

Cost of living rises in UK

The Resolution Foundation warns that the war in Ukraine will push up energy prices and see UK families squeezed even further. Incomes are expected to fall by about £1,000 this year, the biggest real-terms fall in incomes since the mid-1970s. The government spokesperson said it recognized the pressures households are facing. Families were already expecting their monthly spending to go up when the energy price cap jumps in April, and […]

todayMarch 24, 2022 1

Business and tech

The cyber war against Russia

Hacker groups are very much real. With the spread of the Internet and the digitalization of almost everything, there arose a certain group. Anonymous is an international activist group that is prominently known for cyberattacks against governments, institutions, and even the Church of Scientology. They are well known for appearing in Guy Fawkes masks, much akin to V, the protagonist in the graphic novel and movie, V for Vendetta, and […]

todayMarch 3, 2022 1

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