British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to “avoid or minimise damage” resulting from the chaos engulfing the UK arm of Silicon Valley Bank. Friday’s dramatic failure of the U.S. bank SVB Financial Group, which focuses on tech startups, […]
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Britain’s finance ministry and the Bank of England are working to minimize the disruption that could arise from a collapse of the UK arm of Silicon Valley Bank, which has been seized by U.S. regulators, the ministry said on Saturday. Talks were scheduled for Saturday to discuss the issues faced by British tech companies affected […]
Unveiling the Hype: ChatGPT’s Take on Lebanon’s Long-standing Political and Economic Crisis – Straight from an Inside Telecom Interview! ChatGPT is the new hype. That is not a secret. So, we decided to put that hype to the test. Inside Telecom decided to see what the big deal is. We asked this advanced Artificial Intelligence […]
Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold and improved margins for refined products. The profits, which are around triple that of Exxon’s $56 billion, follow similar reports in February from international […]
Over the past year, the U.S. Federal Reserve launched its most aggressive interest rate hiking cycle since the early 1980s and other central banks joined in, leaving global investors to face a gamut of consequences. They have seen the longest selloff in technology shares since the dotcom bubble at the turn of the millennium, a […]
Li Qiang, the former Communist Party chief of Shanghai, took office on Saturday as China’s premier, the country’s No.2 post, putting the close ally of President Xi Jinping in charge of reviving an economy battered by three years of COVID-19 curbs. Widely perceived to be pragmatic and business-friendly, the 63-year-old Li faces the daunting task […]
Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. California banking regulators closed the bank, which did business as Silicon Valley Bank, on Friday and appointed the Federal […]
In the middle of last week, Moody’s Investors Service Inc delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank’s credit. That phone call, described by two people familiar with the situation, began the process toward Friday’s spectacular collapse of the startup-focused lender, […]
Telecoms companies guard their customer information very carefully, and quite rightly so. Strict data privacy rules, such as General Data Protection Regulation (GDPR), have reinforced the requirement to have tight controls over how information is stored, governed and used. Often, data is kept not just within the company but sometimes locked within individual departments. The […]
Hear from MS3 Networks’ female leaders this International Women’s Day According to techUK, just 8.5 per cent of senior technology leaders in the UK are from minority ethnic groups, and only 16 per cent of IT professionals are female. As we celebrate International Women’s Day (IWD) on 8 March, 2023, Hull-based fibre network operator, MS3 […]