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Technology & Media
Business

Silicon Valley Bank collapse sends shockwaves across global markets

The swathes of deposit withdrawals in the US have shone a spotlight over the fragility of many mid-tier banking institutions

Business

Meta to cut another 10,000 jobs and close 5,000 vacancies

The cuts add to the 11,000 staff that were let go in November last year

Business

Women in STEM: How far we’ve come and how far we have to go

City Voices: Only by positively challenging outdated behaviours and beliefs can we and our industry be ready to rise to the challenges that we can see coming

Business

Rising software star WANdisco deals fresh blow to London market

The timing could not have been worse, with the announcement coming as the third of its kind in as many trading days

Business

Snapchat has removed next to no underage child accounts, report finds

Just 700 suspected underage accounts were removed from Snapchat in the UK between April 2021 and April 2022, a tiny fraction of the some 180,000 accounts removed by TikTok over the same period

Business

Revolut report shines spotlight on other fintechs with late accounts

While Revolut has its accounts finalised, the Evening Standard has found there are at least three other major London-based fintechs that still haven’t filed their annual report with Companies House

Business

Revolut’s auditors ‘unable to verify’ three quarters of its revenues

BDO warned some information may be “materially misstated”

Business

London fintech Railsr in emergency sales talks as FCA monitors health

The firm has been a provider to financial apps like Wagestream, through which thousands of UK workers get paid

Business

Ransomware threat surges as Brits suffer millions of attacks in 2022

A string of UK companies have already fallen victim to major cyber-attacks since the start of the year

Business

SnapGPT? AI chatbot launched for Snapchat users

The new tool promises to ‘plan a hiking trip for a long weekend, suggest a recipe for dinner, or even write a haiku about cheese’

Business

Layoffs cloud UK fintech prospects

While London-based Revolut is set to hire at least 1700 staff over the next year, many of its peers have been less fortuitous, with the likes of Railsbank, Zilch, Zego and TrueLayer all shedding at least 10% of staff

Business

Why is the internet so slow? London ranks 76th in broadband rankings

Broadband download speeds are barely faster than London’s mobile speeds, according to a new study

Business

WeWork hails recovery of London office market after posting profit

London office occupancy hit 81% at the end of last year, up from 63% in 2021