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The week that was: IT and Media news week 15

Lawmakers are discussing a bill that would restrict Chinese-owned TikTok to operate in the US. Despite this, an increasing share use TikTok in general and for news. 43% say they regularly get news there. The majority of these news readers are women, data from Pew Research Centre shows. 

Europe’s women-led startups venture capital financing has been low so far this year. VC deals slowed in the first months of 2024 as dealmaking failed to continue the trend seen at the end of 2023, financial data firm PitchBook‘s data shows. European startups with at least one female founder got €1.9 billion over 385 deals in the first quarter, the smallest haul since the second quarter 2020.

“The financial sector is uniquely exposed to cyber risk. Financial firms—given the large amounts of sensitive data and transactions they handle—are often targeted by criminals seeking to steal money or disrupt economic activity. Attacks on financial firms account for nearly one-fifth of the total, of which banks are the most exposed”, three specialists at International Monetary Fund (IMF) warn in a blog post.

It’s another sign of economic recovery. After two years of decline, the worldwide traditional PC market returned to growth during the first quarter of 2024. Total shipment was 59.8 million and up 1.5% year over year, according to preliminary data from the International Data Corporation (IDC). Weak demand in China led to decline in desktop shipments but IDC says recovery of the PC market will continue this year.

 

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