The U.K. is struggling to effectively commercialize technology businesses on a global scale, according to Warren East, former CEO of British chip design firm Arm. There is a lack of investor support and a need for a mindset shift in the investor community in order to succeed internationally. East emphasized that the U.K. has a
Enterprise
Northvolt, a prominent battery producer for Europe’s electric vehicle industry, recently announced its plans to streamline operations by cutting jobs and closing down a facility in Poland. This decision came after a strategic review of the company’s business, leading to the realization that some difficult decisions needed to be made to align with the reduced
Content creators on platforms like YouTube are increasingly shifting away from relying solely on Google’s algorithms and advertising revenue to sustain their businesses. The Try Guys, a prominent YouTube creator group, have taken a bold step by launching their standalone streaming service called 2nd Try. This move has allowed them to diversify their revenue streams,
Roblox, the famous kids’ gaming platform, is taking a significant step by allowing some game developers on the platform to charge users real money for playing their games. This move marks a departure from the platform’s reliance on its digital currency, Robux, for transactions. The new payment model introduced at Roblox’s annual developer conference offers
In a recent development, a regional director for the National Labor Relations Board (NLRB) stated that Amazon should be deemed a “joint employer” of some of its contracted delivery drivers. This decision comes after two unfair labor practice charges were filed in January concerning the treatment of drivers at an Atlanta warehouse known as DAT6.
Starlink, the satellite internet service launched by SpaceX, has made headlines in Brazil for its decision to block the social network X in the country. This move comes as a strategic measure to ensure the continuity of Starlink’s operations without risking the loss of its license. The decision to block X, which is also owned
In a recent turn of events, Brazil’s telecommunications regulator, Anatel, has issued a threat of sanctions against Elon Musk’s satellite internet company, Starlink. This decision comes in the midst of a growing public altercation with the billionaire over Brazil’s ban on his social media platform, X. The dispute began after Brazil’s supreme court ordered the
Brazil’s federal supreme court justices recently voted to uphold orders suspending the use of Elon Musk’s social network X nationwide. This decision was made in response to the platform’s failure to comply with court requests to remove accounts and posts that violated Brazil’s laws on political misinformation and hate speech online. Justice Luiz Fux expressed
Alibaba has successfully completed a three-year regulatory “rectification” process after facing an antitrust fine in 2021. This process was overseen by China’s State Administration for Market Regulation (SAMR), which closely monitored Alibaba’s efforts to become compliant with antitrust regulations. The SAMR announced that the rectification work has yielded positive results, marking a significant milestone for
Dell recently reported its quarterly results, showing strong revenue growth and beating Wall Street expectations. The company achieved a revenue of $25.03 billion, surpassing the expected $24.53 billion mark. This robust performance was driven by an 80% increase in server sales, showcasing Dell’s strength in the market. Dell’s net income saw a substantial 85% increase