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 […]
UK
Britain on Wednesday said it had launched talks with Kyiv over removing barriers digital trade as part of its efforts to support Ukraine following Russia’s invasion of the country. Britain in May removed all tariffs on Ukrainian goods, and is now looking to smooth trade in the digital sphere. “The UK stands shoulder to shoulder […]
Britain said on Friday it wanted a widespread rollout of self-driving vehicles on roads by 2025, announcing plans for new laws and 100 million pounds ($119.09 million) of funding. The government said it wanted to take advantage of the emerging market for autonomous vehicles, which it valued at 42 billion pounds and estimated could create […]
British business minister Kwasi Kwarteng on Wednesday said he had issued an order preventing the acquisition of intellectual property related to vision sensing technology by a Chinese company on national security grounds. The order, issued under the National Security and Investment Act, prevents Beijing Infinite Vision Technology Co. from buying the intellectual property from the […]
The UK’s House of Lords announced in May a plan to divert its attention to technology’s modern role in policing methods and law enforcement, while acquiring guidance from legal experts to familiarize themselves with the topic. Academics and senior officers met with the House of Lords and demanded answers from the members of UK’s higher […]
With the help of a fundraising initiative by SoftBank and Tiger Global Management, Revolut is now valued at $33 billion. The London-based digital banking startup has officially been labeled as the UK’s most valuable private fintech unicorn. The fundraiser raised $800 million, which will be used to develop new products and stretch out its operations in international markets such as the United States and India. Founded in 2015, […]
The UK government continues to tighten its grip on Chinese tech titan Huawei, and other “high-risk vendors” from the country’s 5G network rollout, by announcing a roadmap that would see UK telcos unable to install Huawei equipment as of September 2021. This will prove costly for British carriers who will be forced to kickoff the […]
Japanese IT giant NEC Corp. has agreed to support the UK’s development of fifth generation wireless networks across Britain, according to the British government. The announcement comes as Japan and the United Kingdom have penned a post-Brexit bilateral free trade agreement, in which it was made public via tweet by the UK Department for International […]
UK operator O2 announced their fifth-generation network expansion plan that will cover over 100 UK towns and cities, a year after they had initially kicked off their 5G rollout. While partnering with Nordic vendors Ericsson and Nokia for their 5G infrastructure, O2, which is owned by Spanish telco Telefonica, will allow existing customers a refresh […]
On September 23, 2020, the UK government announced plans to launch a new telecoms diversity task force aiming to find new suppliers capable of filling the gap after the ban on Huawei equipment. Following the implementation of the task force, telecom operators won’t have to use Huawei supplies – considered high-risk – or be obliged […]