Author: techbizweb

Prime minister Liz Truss sought to hold her nerve during the course of a fraught Sunday at the Conservative party conference in Birmingham, but at around 11pm in her hotel suite she finally admitted defeat.Truss and her chancellor Kwasi Kwarteng met in the Hyatt Regency to consider whether a key plank of his “mini-Budget” could be saved. The verdict, as they sat gloomily in a private room high above the city, was a resounding “No”.Their rapid U-turn on his plan to axe the 45p top rate of income tax — announced only nine days earlier — was the culmination of…

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Twitter is rolling out the ability to edit tweets to Twitter Blue subscribers in Canada, Australia, and New Zealand. According to a tweet from the company, it’ll be coming to subscribers in the US “soon.” Last week, we got to see an example of what edited tweets would look like when the company made one of its own. The tweet will appear as normal, but there will be a pencil icon next to the date, along with text that lets readers know the last time the tweet was edited. Clicking on the icon shows you a page with the edited…

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Brazil is braced for a tense presidential runoff after a closely fought first-round vote set up a showdown between two of Latin America’s most divisive politicians.While leftwing challenger Luiz Inácio Lula da Silva came out on top with 48.4 per cent of valid ballots cast on Sunday, incumbent leader Jair Bolsonaro will be buoyed by a performance that defied many assumptions. The far-right populist surprised pundits by claiming a 43.2 per cent share of the vote, higher than most opinion polls had predicted.The race now goes to a second round on October 30 and analysts believe both men will tack…

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Hackers released data from the Los Angeles school district on Saturday, a day after Superintendent Albert Carvalho said he would not negotiate with or pay a ransom to the criminal syndicate. Some screenshots from the hack were reviewed by the Los Angeles Times and appear to show some Social Security numbers. But the full extent of the release remains unclear. The release of data came two days earlier than the deadline set by the syndicate that calls itself Vice Society—and happened in apparent response to what it took as Carvalho’s final answer regarding whether the district would pay the hackers…

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Despite Will Smith’s Oscars slap, Apple will be releasing an upcoming film starring the actor this year. Emancipation, which stars Smith as a slave on the run to try and return to his family, will debut in theaters on December 2nd and on Apple TV Plus on December 9th, according to Deadline. Apple has also released a teaser trailer.Variety reported in May that Emancipation was going to be delayed to 2023, but we now know that’s not the case: you’ll be able to watch the film this December.

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First days on the job can be tough but Dixit Joshi’s tops most. Credit Suisse’s new chief financial officer started on Monday after senior executives had spent the weekend telling clients, investors and counterparties that the bank was solvent. Such reassurance can be spectacularly unsettling. It implies that someone somewhere thinks the business is in serious trouble. Credit Suisse shares fell 8 per cent when markets opened. Spreads on credit default swaps moved even higher. Its share valuation now lines up with Greek banks. Markets are unforgiving at the best of times. As the UK government found out last week,…

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Firefly Aerospace’s Alpha rocket successfully reached orbit following its launch from California’s Vandenberg Space Force Base on Saturday. The launch was announced as a “100% Mission success” while deploying three satellite payloads on board, which according to Firefly, makes it “the first company to launch and reach orbit from US soil in only its second attempt.”Firefly Aerospace is a private spaceflight company that develops launch systems for commercial customers. The first unsuccessful Alpha test flight containing its own payload of teeny satellites exploded midflight back in September 2021. The string of bad luck for Firefly then persisted, with three previous…

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Iran’s supreme leader Ayatollah Ali Khamenei has accused the US and Israel of masterminding anti-regime protests prompted by the death in police custody of a young woman arrested for allegedly violating the Islamic dress code.At least 41 people have been killed during a crackdown since protests erupted across the country in recent weeks, state television said. Amnesty International has put the number of deaths at more than 50. In his first comments since the protests began, Khamenei backed the police and said “that these riots and insecurities have been engineered by the US and the fake Zionist regime while those…

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Last May, at Google’s annual developer conference, Google I/O 2022, there were hints about the company’s upcoming Pixel 7 and 7 Pro phones. Now, five months later, at Google’s Pixel launch event this coming Thursday, we are finally going to be introduced to them. Of course, there won’t be all that many surprises; there have been quite a few hints floating around about their cameras, displays, size, and price. But it will be interesting to see how many of these rumors are correct.Perhaps more interesting is the new Pixel Watch, which is also expected to be introduced and which may…

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Kim Kardashian has agreed to pay $1.26mn to settle charges with the US securities regulator for promoting a cryptocurrency without revealing that she was paid to do so.The US Securities and Exchange Commission said on Monday that the reality TV star did not disclose a $250,000 payment she received to post about crypto security tokens sold by EthereumMax on her Instagram account, which has 331mn followers.Kardashian last year asked her then 225mn followers: “Are you guys into crypto????” in an Instagram post that drew attention to EthereumMax, a new coin at the time.The post reverberated throughout the financial markets for…

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