Triwa got Beyoncé and Elton John (and many more) on the hook – but now they’re going out of business

Triwa got Beyoncé and Elton John (and many more) on the hook – but now they’re going out of business

Once upon a time, they were as hot as any startup could be. Their watches have been worn by superstars such as Elton John, Beyonce, Lady Gaga and Princess Madeleine. Just to name a few. Triwa was big several years before Daniel Wellington had taken over the watch world and was already founded in 2007 … Read more

Savelend’s founder Ludwig Pettersson has passed away

Savelend’s founder Ludwig Pettersson has passed away

Savelend’s founder and former CEO Ludwig Pettersson has passed away. The company says so in a press release. “It is with immense sadness and consternation that we have received the news of Ludwig’s passing. Our thoughts go out to Ludwig’s family and close relatives,” says Bo Engström, chairman of the board of Savelend Group. “You … Read more

Key Leader Behind EncroChat Extradited to France, Faces Lawsuit for Involvement in Criminal Organization

Key Leader Behind EncroChat Extradited to France, Faces Lawsuit for Involvement in Criminal Organization

One of the main people behind communications service EncroChat is from the Dominican Republic extradited to France. A lawsuit awaits him there. EncroChat was a service used by tens of thousands of criminals. They stayed out of sight of investigative services with special telephones and encrypted communication. EncroChat was dismantled in 2020 and at least … Read more

CERN Researches Proposal for New Particle Accelerator Three Times Larger than LHC, But Doubts Arise Over High Costs

By Robbert van der Linde 05 Feb 2024 at 17:10 Researchers at CERN have submitted a request to build a new particle accelerator three times larger than the Large Hadron Collider. They want to do fundamental research with this. But there are doubts whether the machine is worth the huge price tag. A particle accelerator … Read more

The Klarna co-founder is worth billions – in dispute with neighbor over 200,000

The Klarna co-founder is worth billions – in dispute with neighbor over 200,000

Klarna co-founder Victor Jacobsson – worth around 30 billion – is in a dispute with former neighbors on Södermalm. In one case, the fight is about SEK 200,000, reports say The Express. The background to the conflict is the renovation work worth between SEK 15 and 20 million that Victor Jacobsson and his wife did … Read more

Cake goes bankrupt – “Unreal, sad, painful”

Cake goes bankrupt – “Unreal, sad, painful”

In recent months, the electric vehicle manufacturer Cake has struggled to bring in new millions in what founder and CEO Stefan Ytterborn called a “bridging round”, an intended financing that would be enough for a larger issue later in the year. But it won’t be like that. Now the automotive company’s board is submitting a … Read more

Mark Zuckerberg Apologizes to Children Harmed by Social Media in US Senate Hearing

Mark Zuckerberg Apologizes to Children Harmed by Social Media in US Senate Hearing

Mark Zuckerberg has apologized to children harmed by the use of his social media. The Facebook founder did this on Wednesday in a hearing before the US Senate. Zuckerberg had to come to the Senate, where lawmakers questioned him and the CEOs of X, Snap and TikTok, among others, about the negative impact of social … Read more

Helena Helmersson resigns as CEO at H&M – Daniel Ervér takes over

Helena Helmersson resigns as CEO at H&M – Daniel Ervér takes over

In connection with the clothing giant H&M submitting its quarterly report on Thursday morning, they come with an unexpected announcement. Helena Helmersson leaves as president and CEO and Daniel Ervér leaves. “We on the board would like to extend a big thank you to Helena for her valuable efforts during a very intense time,” says … Read more

Japanese Space Agency Re-establishes Communication with Lunar Probe and Receives New Images of Lunar Surface

Japanese Space Agency Re-establishes Communication with Lunar Probe and Receives New Images of Lunar Surface

The Japanese space agency said it had successfully re-established communications with its lunar probe and had received new images of the lunar surface. The agency previously turned off electricity to the vehicle in the hope that the vehicle’s solar panels would start generating electricity automatically. The Japan Aerospace Exploration Agency, or JAXA, via social media … Read more

Brussels Blocks Amazon’s Takeover of iRobot: Major Implications for Tech Market

Brussels Blocks Amazon’s Takeover of iRobot: Major Implications for Tech Market

Jan 29, 2024 at 3:57 PM Update: an hour ago Online shopping giant Amazon has decided not to take over robot vacuum cleaner maker iRobot. Brussels refuses to approve the takeover for fear of unfair competition in the robot vacuum cleaner market. Brussels had already whispered to Amazon last week that the online retailer did … Read more