All the updated news related to silicon valley

All the news related to silicon valley updated in real time

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World

What is Twitter’s ‘poison pill’ supposed to do?

Twitter is trying to thwart billionaire Elon Musk’s takeover attempt with a “poison pill” — a financial device that companies have been wielding against unwelcome suitors for decades. – What are poison pills supposed to do? The ingredients of each ...

15 Apr 2022 at 22:55

World

Elizabeth Holmes convicted of fraud over ‘blood-testing’ start-up Theranos

Elizabeth Holmes has been convicted of fraud for turning her blood-testing start-up Theranos into a sophisticated sham. The scheme duped billionaires and other unwitting investors into backing a seemingly revolutionary company whose medical ...

04 Jan 2022 at 03:55

Sadiq Khan: Donald Trump’s presidency led to me getting more racist online abuse

The Mayor of London has said Donald Trump’s period as US president led to a significant rise in racial abuse directed at him. Sadiq Khan, speaking at Stanford University near San Francisco on his US trade mission, said temporary and ...

11 May 2022 at 07:55

HSBC sees profits soar over first quarter of 2023

City

HSBC see profits soar over first quarter of 2023

HSBC’s pre-tax profits soared by more than four billion dollars (£3.2 billion) in the first three months of 2023, according to a trading update from the banking group published on Tuesday. Revenue soared by 64% to 20.2 billion ...

02 May 2023 at 07:16

City

NatWest blames SVB and Credit Suisse collapse on ‘poor risk management’

NatWest Group has said “poor risk management” and “long-standing” challenges were to blame for the failures of Silicon Valley Bank (SVB) and Credit Suisse which sparked concerns over the strength of the global banking ...

25 Apr 2023 at 12:49

City

Credit Suisse saw £55bn pulled from bank in lead-up to collapse

Credit Suisse has revealed it saw 61 billion Swiss francs (£55 billion) leave the bank in the first three months of the year as customers rushed to withdraw cash prior to its collapse. The Swiss financial giant ...

24 Apr 2023 at 08:14

World

Google reveals AI updates to search engine

Google has revealed it is rolling out more advanced artificial-intelligence technology to its search engine. The gradual shift in how Google’s search engine runs comes three months after Microsoft’s Bing ...

11 May 2023 at 06:31

City

FTSE drops heavily after Credit Suisse rescue deal fails to calm markets

The FTSE 100 lost close to 2% of its value on Monday morning after Swiss authorities announced they had secured a rescue deal for Credit Suisse. London’s top index fell by as much as 129 points shortly ...

20 Mar 2023 at 11:10

City

FTSE set to fall after UBS agrees rescue for Credit Suisse

The FTSE 100 is expected to open lower after struggling bank Credit Suisse was sold to Swiss rival UBS. London’s top index is on track to fall by around 1% as it opens trading on Monday following a ...

20 Mar 2023 at 07:35

World

New York Community Bank to buy failed Signature Bank in £2.2 billion deal

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a 2.7 billion dollar (£2.2 billion) deal, the Federal Deposit Insurance Corp (FDIC) said late on ...

20 Mar 2023 at 03:25

City

Why are stock markets still falling and how worried should we be?

Stock markets globally have failed to be reassured by the emergency takeover of Credit Suisse and co-ordinated central bank action over the weekend as fears over a banking crisis remain at ...

20 Mar 2023 at 11:11

City

Banking crisis fears intensify as shares in top lenders plunge

Shares in top European banks have plunged as concerns over weaknesses in the global banking sector intensify, prompting fears of another “2008-style” financial crisis. The sell-off of ...

15 Mar 2023 at 14:11

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