Weekly Roundup: Europe
Uber’s Ex-Security Chief Convicted of Covering Data Breach; UK Government Suspends Data Reform Bill
In today's ExchangeWire news digest: Uber’s former security chief is convicted for failing to disclose a 2016 data breach; the UK government suspends its Data Reform Bill; and TerraLabs co-founder Daniel Shin requests to withdraw from testifying about the company's [...]
Musk U-Turns on Scrapped Twitter Buyout; Google to Pay Arizona USD$85m to Settle Location-Tracking Suit
In today's ExchangeWire news digest: Elon Musk offers to complete his buyout of Twitter; Google settles a 2-year location-tracking lawsuit with Arizona; and ITV prepares to launch its new streaming service to coincide with the 2022 Fifa World Cup. Musk offers [...]
UK Ministers Budget £930m for Ad Space; US Tightens Tech Restrictions on China
In today's ExchangeWire news digest: UK ministers budget £930m for ad space to promote government policies; the Biden administration tightens restrictions on China's access to US tech; and Sweden's DBT secures a loan of €285m (£248.8m) to meet growing demand [...]
TikTok Outsources to Launch Live Shopping in US; MDEC Investigated by Anti-Corruption Commission
In today's ExchangeWire news digest: TikTok collaborates with TalkShopLive to launch live shopping in North America; Malaysia's Digital Economy Corporation faces an investigation into false claims; and mounting scandals in Singapore rock the nation's reputation as a 'crypto paradise'. TikTok partners [...]
Schneider Electric to Buy Out UK’s Aveva; China Approves New ETFs Within Days
In today's ExchangeWire news digest: France's Schneider Electric to acquire UK’s Aveva; Chinese regulators approve new tech ETFs days after they apply for approval; and Spotify launches a new audiobook offering in the US. Aveva Group agrees to Schneider buyout UK-based software [...]
ByteDance Valuation Down a Quarter in 12 Months; BeReal Explores Paid Features to Sidestep Ads
In today's ExchangeWire news digest: TikTok owner ByteDance sees its valuation drop by a quarter in 12 months; BeReal disregards ads in favour of paid in-app features; and Shopee slashes jobs once again as revenue wilts. ByteDance value slips to USD$300bn TikTok [...]
Whistleblower Says Twitter is “Misleading” The Public on Security; Hong Kong Considers Lowering Hard Tech IPO Threshold
In today's ExchangeWire news digest: Twitter is “misleading” the public on security, according to whistleblower; Hong Kong Exchanges & Clearing Ltd contemplates lowering the IPO threshold for hard tech firms; and tech companies urge US congress to vote on antitrust [...]
Google Hit with €25bn Lawsuit for Anti-Competitive Behaviour; Brothers Embroiled in Cryptocurrency Insider Trading Case
In today's ExchangeWire news digest: Google faces a €25bn (£21.6bn) lawsuit in the UK and EU for anti-competitive behaviour; a former Coinbase employee and his brother face wire fraud charges in the US' first cryptocurrency insider trading case; and Bob [...]
Netflix to Bolster Gaming Division with Ubisoft Partnership; Meta Pulls Plug on Responsible Innovation team
In today's ExchangeWire news digest: Netflix partners with Ubisoft to bring three mobile games under its gaming division; Meta shuts down its Responsible Innovation team; and Shopee-owner Sea prepares to close offices across Latin America while cutting staff in Shanghai. Netflix [...]
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