UK

UK Finance Minister and Bank of England Work to Contain SVB Fallout

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 […]

Britain Talking to EU and US Over Inflation Reduction Act Concerns

British Prime Minister Rishi Sunak said on Friday he was talking to the United States and European Union about the U.S. Inflation Reduction Act amid concern it could make European markets uncompetitive. There are concerns in Europe that the United States’ $369 billion of subsidies for electric vehicles and other clean technologies could put companies […]

Biden to Host Australian, British Leaders on AUKUS Defence Pact

U.S. President Joe Biden will host leaders of Australia and Britain in San Diego next week to chart a way forward for provision of nuclear-powered submarines and other high-tech weaponry to Australia, sources familiar with the plans said. Australian Prime Minister Anthony Albanese said before leaving on a visit to India on Wednesday he would […]

Britain's First Crypto Regulations to Set 'robust' Standards

Britain’s finance ministry plans “robust” regulations for crypto assets, following the collapse of crypto exchange FTX last year, which left millions of people nursing billions of dollars in losses. Crypto is currently unregulated globally, with firms only having to carry out checks to prevent money laundering. However, Britain’s Financial Conduct Authority (FCA) has said that […]

U.S., UK Export Controls Hit China’s Access to Arm’s Chip Designs -Ft

Chinese tech giant Alibaba Group Holding Ltd cannot buy some of the most advanced chip designs after the SoftBank-owned British chip tech firm Arm Ltd determined that U.S. and Britain would not approve licences to export technology to China, the Financial Times reported on Wednesday. This is the first known time that Arm has decided […]

China Mobile and Huawei Win GLOTEL Automation Initiative of the Year Award for Innovation and Practice in Autonomous Core Networks

At the Global Telecom Awards (GLOTEL Awards) ceremony held in London, United Kingdom on 1 December 2022, China Mobile, China Mobile Zhejiang, and Huawei won the “Automation Initiative of the Year” award for their innovation and practice in autonomous core networks. This is a remarkable achievement for China Mobile Zhejiang being the first operator in […]

Ericsson to Invest in 6G Network Research in Britain

Network equipment maker Ericsson will invest millions of pounds in 6G mobile research in Britain, it said on Tuesday, working with universities on hardware security, AI and cognitive networks and quantum computing. The Swedish company, which supplies 5G gear to all four British mobile networks, said the 10-year initiative would help to drive development of […]

EV Battery Makers Race to Develop Cheaper Cell Materials, Skirting China

U.S. and European startups are racing to develop new batteries using two abundant, cheap materials — sodium and sulfur — that could reduce China’s battery dominance, ease looming supply bottlenecks and lead to mass-market electric vehicles (EVs). Today’s EVs run on lithium ion batteries — mostly made with lithium, cobalt, manganese and high-grade nickel, whose […]

Meta Accepts UK Order to Sell Giphy After Antitrust Battle

Britain’s competition regulator has ordered Facebook-owner Meta to sell animated-images platform Giphy on Tuesday after a tribunal upheld its view that the acquisition could damage its rivals and remove a potential competitor in advertising. Meta said it would accept the Competition and Markets Authority’s (CMA) order to unwind the 2020 deal. “We are disappointed by […]