Facebook claims it does not conduct business in Australia in Cambridge Analytica appeal | Facebook

Facebook is claiming it does not conduct business in Australia and does not collect and hold data in the country in its effort to avoid liability over the Cambridge Analytica scandal. Last year, the privacy commissioner took Facebook to court over an alleged mass privacy breach involving the use of Continue Reading

What is bitcoin and why are so many people looking to buy it? | Richard Partington | Technology

What is bitcoin? Bitcoin is a type of digital currency that emerged after the 2008 financial crisis. It allows people to bypass banks and traditional payment methods. It has become the most prominent among thousands of so-called cryptocurrencies. It relies on “blockchain” technology, which is a shared database of transactions, Continue Reading

Bitcoin: be prepared to lose all your money, FCA warns consumers | Business

Consumers should be prepared to “lose all their money” if they invest in products that promise high returns from cryptoassets such as bitcoin, the City watchdog has warned. The Financial Conduct Authority urged consumers to understand what they were investing in and the financial risks involved, given they were unlikely Continue Reading

Bitcoin boom threatens to turn it into pure gold | Technology

Bitcoin is back, along with the debate over its value. The price of the digital currency is soaring and last week it hit more than $40,000 for the first time, having doubled in less than a month. Its price has jumped by more than 700% since the pandemic was first Continue Reading

‘We see huge benefits’: firms adopt four-day week in Covid crisis | Business

When Target Publishing cut staff pay after the first coronavirus lockdown last year, the magazine group knew it had to make a positive gesture to its employees. So it introduced a four-day week. “I felt better in myself that I was able to give something back to match the sacrifice Continue Reading

Bitcoin hits record high on 12th anniversary of its creation | Technology

Bitcoin has surged to a record high amid rising interest from investors and claims that the volatile cryptocurrency is on the way to becoming a mainstream payment method. Having quadrupled in value during 2020, bitcoin began 2021 strongly by breaking through the $30,000 (£22,000) mark for the first time, less Continue Reading

‘Peak hype’: why the driverless car revolution has stalled | Technology

By 2021, according to various Silicon Valley luminaries, bandwagoning politicians and leading cab firms in recent years, self-driving cars would have long been crossing the US, started filing along Britain’s motorways and be all set to provide robotaxis in London. 1 January has not, however, brought a driverless revolution. Indeed Continue Reading

UK chipmaker Graphcore valued at $2.8bn after it raises $222m | Business

Graphcore, the UK maker of chips designed for use in artificial intelligence, has raised $222m (£164m) from investors, valuing the company at $2.8bn. The Bristol-based company’s latest round of funding was led by the Ontario Teachers’ Pension Plan as well as investors including Fidelity International and Schroders. Existing Graphcore investors, Continue Reading

Tesla joins Wall Street’s S&P 500 share index | Technology

Tesla has joined Wall Street’s prestigious S&P 500 share index as its sixth-largest member, immediately rubbing shoulders with the likes of Amazon, Apple and Facebook. Shares in the electric carmaker fell by more than 5% on its debut day on Monday, amid widespread investor concern about the potential impact on Continue Reading

UK video game industry thrives amid lockdowns and US bidding wars | Games

The lockdown boom in video games has put the spotlight on the global success of British game makers, attracting the attention of deep-pocketed US giants looking to snap up valuable pandemic-proof businesses. Electronic Arts, the California-based global gaming giant, announced a surprise £945m bid for Codemasters, the maker of Formula Continue Reading