Government and policy

Auto Added by WPeMatico

Lucid production falls 38% as the EV maker clears inventory

Lucid built 2,954 vehicles in the third quarter, its lowest quarterly output since early 2025 and a 38% fall from the second quarter, while delivering 3,806 as it cleared inventory. The company has outstanding commitments for 25,000 driverless cars with Bolt in Europe and 20,000 with Uber. Lucid built 2,954 cars in three months. Its […]

This story continues at The Next Web

Lucid production falls 38% as the EV maker clears inventory Read More »

Google accused of overcharging 20 million UK consumers over Play Store fees

Google is defending a £1.2B claim at London’s Competition Appeal Tribunal brought for about 20 million British consumers who say Play Store commissions of up to 30% were passed into the prices they paid since October 2015. It settled an equivalent claim from UK app developers for £260M six weeks ago without admitting wrongdoing. Google […]

This story continues at The Next Web

Google accused of overcharging 20 million UK consumers over Play Store fees Read More »

Revolut’s commercial real estate lending chief exits

Duncan Batty, hired from M&G Investments in January 2025 to build Revolut’s commercial real estate lending business, has left the company, with his departure appearing in Companies House filings and confirmed by a spokesperson. Neither a reason nor a successor has been given, and it comes as Revolut expands across banking, wealth and payments ahead […]

This story continues at The Next Web

Revolut’s commercial real estate lending chief exits Read More »

Investor urges Snap to raise outside capital for Specs

Blue Duck Capital Partners has written to Snap’s board urging it to sell about a fifth of its Specs subsidiary at a $5B valuation, raising $1B to fund roughly two years of spending without diluting Snap shareholders. It is the second fund to press Snap over Specs, and the glasses ship this autumn into three […]

This story continues at The Next Web

Investor urges Snap to raise outside capital for Specs Read More »

ASML’s chip packaging move threatens Besi shares, Bank of America says

Bank of America cut BE Semiconductor Industries to neutral and nearly halved its price target, saying the share price does not reflect the threat of ASML entering hybrid bonding, the market Besi depends on for growth. Besi has also been approached by two American rivals, one of which has owned 9% of it since last […]

This story continues at The Next Web

ASML’s chip packaging move threatens Besi shares, Bank of America says Read More »

BT takes over TalkTalk and its 2.5 million customers out of administration

BT Group has acquired TalkTalk’s consumer and wholesale businesses out of administration. They have 1.5 million retail customers and 1 million wholesale customers. BT announced the deal on Monday. It said a prolonged sale process for those operations had been unsuccessful. BT bought TalkTalk Telecommunications Limited and PlatformX Communications Limited, the wholesale business, on a […]

This story continues at The Next Web

BT takes over TalkTalk and its 2.5 million customers out of administration Read More »

Denmark’s CPR breach: 14 million lookups in ten days, found through a bill

Unknown users have pulled names, addresses and ID numbers on about 8.8 million people from Denmark’s Central Person Register (CPR). They abused a small Danish company’s legal access to the register. Denmark’s digitalisation ministry announced the breach on Monday. The CPR administration has cut off the company, and the police are investigating. Denmark has about […]

This story continues at The Next Web

Denmark’s CPR breach: 14 million lookups in ten days, found through a bill Read More »

Accenture contractor removed from FBI after unpatched system led to breach

An Accenture contractor has been removed from FBI work following a breach that exposed the personal data of thousands of bureau staff. The FBI acted on Monday, Reuters reported, citing two people familiar with the matter. A senior FBI official told Reuters that an unnamed contractor had not applied a security fix, known as a […]

This story continues at The Next Web

Accenture contractor removed from FBI after unpatched system led to breach Read More »

Nokia CEO says data centres would go up twice as fast if supply allowed

Nokia’s chief executive Justin Hotard says the industry would build data centres twice as fast if memory and energy supply allowed, and that demand would hold even without a new frontier model for three years. Bain and a paper presented at the Brookings Papers on Economic Activity both question whether the revenue exists to pay […]

This story continues at The Next Web

Nokia CEO says data centres would go up twice as fast if supply allowed Read More »

Senator Bernie Moreno accuses Anthropic’s Amodei of ‘alarmist’ AI talk

Republican senator Bernie Moreno has accused Anthropic chief executive Dario Amodei of taking an “alarmist approach” to AI. He did so in a letter sent on Monday, ahead of Anthropic’s expected stock market listing. Axios first reported the letter. “I do not understand how you can ask them to invest their hard-earned savings in Anthropic’s […]

This story continues at The Next Web

Senator Bernie Moreno accuses Anthropic’s Amodei of ‘alarmist’ AI talk Read More »

Shopping Cart