Financial regulators in the United Kingdom issued long-expected rules governing “critical third parties.” The new regulations, expected to go into effect Jan. 1, will govern major tech companies that work with financial firms in the U.K., according to a Tuesday (Nov. 12) press release. “Financial firms and financial market infrastructures (FMIs), such as payment systems,...
Tag: Technology
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The Top 10 Unicorns in the United Kingdom | Entrepreneur
Opinions expressed by Entrepreneur contributors are their own. You’re reading Entrepreneur United Kingdom, an international franchise of Entrepreneur Media. Today, the UK is home to 87 active privately held startups, each valued at over US $1 billion allowing each to reach the coveted “unicorn” status. These unicorns operate in a broad range of sectors, from...
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ServiceNow, Coreweave and others to invest $8.2 billion in UK data centers to fuel AI growth
Bill McDermott, Chairman, President & CEO ServiceNow, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Enterprise software giant ServiceNow and AI-focused startup CoreWeave announced plans to invest billions of dollars in the U.K., in a vote of confidence for Prime...
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Interactive Strength Inc. (Nasdaq: TRNR) to Exhibit Both CLMBR and FORME at MEFIT Health and Fitness Summit in Dubai October 3-5
The Health and Fitness Summit is hosted by MEFITPRO, the leading distributor of best-in-class brands in the Gulf region Gulf countries (the “GCC”) are growing quickly and fitness adoption is outpacing GDP growth MEFITPRO distributes CLMBR exclusively in the region and received its six-figure initial order in the third quarter AUSTIN, TX / ACCESSWIRE /...
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Elon Musk dismisses UK summit snub, says he doesn’t want to go anyway
As violence spread across the U.K. in the wake of a stabbing attack in Southport in which three children were killed, Musk repeatedly attacked the U.K.’s prime minister on X and predicted a “civil war” in the U.K. The government subsequently promised to bring those who took part in the riots to justice — even...
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Elon Musk’s wars: Brazil to Australia, UK to US, the X owner’s many battles
Throughout history, the world’s richest people — almost all men — have often operated from the shadows, taking on governments they don’t like quietly. Not the world’s current richest man. In recent months, Elon Musk has taken on government after government, mostly left or liberal administrations, in public online wars centred around his claim that...
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Maldivians traveling to UK required to obtain special permit, pay 10 pounds for ETA
Maldivians traveling to the United Kingdom will be required to obtain a special permit. This was revealed by the Ministry of Foreign Affairs. As such, the ministry announced that Maldivians traveling to UK will need to obtain a special permit from 8 January 2025, owing to changes the UK government has brought to their immigration...
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UK’s CMA Says Google’s Ad Tech Practices May Violate Competition Law | PYMNTS.com
The United Kingdom’s Competition and Markets Authority (CMA) said Friday (Sept. 6) that it has found that Google may have harmed competition by using its dominance in online display advertising to favor its own ad technology services. The regulator added that it will accept comments on this “statement of objections” before deciding whether the company has...
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UK antitrust regulator says Google abusing pole position in advertising tech | Mint
The United Kingdom’s antitrust regulator, the Competition and Markets Authority, said Google is abusing its dominant position in advertising technology and warned the tech giant of potential hefty fines and an order to change one of Google’s most lucrative businesses, reported Bloomberg on Friday. Google’s move to prioritise its own services comes at the cost...
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Unions to UK Banks: Get Ready to Retrain AI-Displaced Workers
Unions in the United Kingdom want the country’s banks to be ready to retain workers displaced by artificial intelligence. At the U.K.’s Trades Union Congress next month, labor organizations will call on lenders, insurance and accounting firms to be prepared to assist millions of workers whose jobs could be impacted by AI, the Financial Times...
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India, UK explore green technology for recycling critical minerals
India has started negotiating with the United Kingdom (UK) to expand critical minerals collaboration under the newly-signed UK-India Technology Security Initiative (TSI). As part of these negotiations, the British High Commissioner to India, Lindy Cameron, met officials from the Ministry of Mines last week to explore ways to enhance cooperation. This is particularly...
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Global IT outage causes chaos, disrupting airlines, banks, media, telecoms
Australia’s National Cyber Security Coordinator says ‘no information to suggest it is a cyber security incident’. A massive technology outage has disrupted businesses and institutions in multiple countries, throwing airlines, government services, banks, supermarkets, telecoms and media outlets into chaos. The cause of the outage was not immediately clear, but it came hours after Microsoft...
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