In early August 2017, FBI agents in Las Vegas arrested 23-year-old British security researcher Marcus Hutchins on suspicion of authoring and/or selling “Kronos,” a strain of malware designed to steal online banking credentials. Hutchins was virtually unknown to most in the security commu...
FRANKFURT (Reuters) - Lilium, a German start-up with Silicon Valley-scale ambitions to develop a 5-passenger “flying taxi”, has raised a second, $90 million round of financing from top tech investors, making it one of the best-funded electric aircraft projects to date. The company, which...
STRASBOURG (Reuters) - Companies must tell employees in advance if their work email accounts are being monitored, the European Court of Human Rights ruled on Tuesday in a landmark privacy case. In a judgment in the case of a man fired 10 years ago for using a work messaging account to communicate wi...
FRANKFURT (Reuters) - Lilium, a German start-up with Silicon Valley-scale ambitions to develop a 5-passenger “flying taxi”, has raised a second, $90 million round of financing from top tech investors, making it one of the best-funded electric aircraft projects to date. The company has em...
STRASBOURG (Reuters) - Companies need to make sure that employees are aware in advance of management monitoring of their work email accounts, the European Court of Human Rights ruled on Tuesday in a landmark privacy case. In a judgment in the case of a man fired 10 years ago for using a work messagi...
HELSINKI (Reuters) - The maker of hit mobile phone game “Angry Birds” is planning an initial public offering to raise around 30 million euros ($36 million) and potentially use its shares to make acquisitions. Finland’s Rovio Entertainment Ltd said on Tuesday that existing sharehold...
FRANKFURT (Reuters) - Lillium, a German start-up with Silicon Valley-scale ambitions to develop a 5-passenger “flying taxi”, has raised a second, $90 million round of financing from top tech investors, making it one of the best-funded electric aircraft projects to date. The company, whic...
SYDNEY (Reuters) - Private equity giant Blackstone Group has called off the sale of its A$3.5 billion ($2.8 billion) Australian shopping mall portfolio, a source said, as the looming arrival of Amazon.com spooks buyers of bricks-and-mortar stores. With no interest in the entire 10-mall package, the ...
LONDON (Reuters) - British engineering software company Aveva Group said on Tuesday it had agreed to combine with Schneider Electric’s software business, creating a London-listed software firm worth more than 3 billion pounds. France’s Schneider will take a 60 percent stake in the enlarg...
HELSINKI (Reuters) - Finnish mobile games and animation studio Rovio Entertainment Ltd is considering to list its shares in Helsinki, bourse operator Nasdaq said on Tuesday. Nasdaq did not give further details, but said Rovio was due to hold a press conference later on Tuesday. Following years of fa...
BEIJING (Reuters) - A buzz fills the sky above a flight base in northern Beijing, as pilots practise take-offs and landings ahead of tests to qualify for a license - to fly drones. Drone enthusiasts in China, the world’s top maker of consumer unmanned aerial vehicles (UAVs), are scrambling for...
BEIJING (Reuters) - China is poised to further tighten rules on virtual currencies after regulators on Monday banned virtual coin fundraising schemes, Chinese financial news outlet Yicai reported citing sources. China banned and deemed illegal the practice of raising funds through launches of token-...
ARNHEM, The Netherlands (Reuters) - The cost of electric vehicles (EVs) will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy. But this expe...
SANTIAGO (Reuters) - Taxi drivers protesting the growth of mobile ride hailing applications such as Uber and Cabify blocked the main road to Chile’s principal airport in capital Santiago on Monday, leading to one death and wreaking havoc on travelers’ plans. Santiago-based LATAM Airlines...
SANTIAGO (Reuters) - Taxi drivers protesting the growth of mobile ride hailing applications such as Uber and Cabify blocked the main road to Chile’s principal airport in capital Santiago on Monday, wreaking havoc on travelers’ plans. Television images showed traffic backed up for miles (...
FRANKFURT (Reuters) - Estonian start-up Taxify is to go head to head with Uber [UBER.UL] in London’s highly competitive taxi-hailing market, and also has Paris in its sights. Taxify said it will launch services across London on Tuesday after signing up 3,000 private hire taxi drivers, who have...
SHANGHAI/LONDON (Reuters) - China on Monday banned and deemed illegal the practice of raising funds through launches of token-based digital currencies. The move was targeted at so-called initial coin offerings (ICO) in a market that has exploded since the start of the year. ICOs have become a bonanz...
BRUSSELS (Reuters) - Europe’s top court will rule on Wednesday whether U.S. chipmaker Intel offered illegal rebates to squeeze out rivals in a judgment that could affect EU antitrust regulators’ cases against Qualcomm and Alphabet’s Google. The ruling by the Luxembourg-based Court ...
SEOUL (Reuters) - A South Korean court on Monday rejected Qualcomm Inc’s (QCOM.O) request to suspend an order by the country’s antitrust agency to take corrective action on the way it licenses patents. In December, the Korea Fair Trade Commission (KFTC) fined Qualcomm 1.03 trillion won (...
BEIJING (Reuters) - China’s on Monday banned individuals and organizations from raising funds through initial coin offerings (ICO), saying the practice constituted illegal fundraising. ICOs have become a bonanza for digital currency entrepreneurs, globally and in China, allowing them to raise ...
