BERLIN (Reuters) - Germany’s Rocket Internet (RKET.DE) needs to hold on to its mountain of cash so it can compete with rivals from the United States and China and pounce when investment opportunities arise, the chief executive said in an interview. The internet investor has a cash and equity w...
SEOUL (Reuters) - The South Korean government on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleged tax evasion. The clampdown in ...
FRANKFURT (Reuters) - Taxify, Uber’s upstart European-based rival, is looking to expand during the coming year outside of the biggest cities in the more than 20 countries where it now operates into secondary markets, Chief Executive Markus Villig said on Thursday. The Estonia-based taxi-hailin...
SEOUL (Reuters) - South Korea’s largest cryptocurrency exchanges were raided by police and tax agencies this week for alleged tax evasion, people familiar with the investigation said on Thursday. “A few officials from the National Tax Service raided our office this week,” an offici...
SHANGHAI (Reuters) - China’s cyber watchdog has scolded Ant Financial, Alibaba’s payment affiliate, for compromising user privacy after many users of its Alipay service were automatically enrolled in its credit scoring system. The Cyberspace Administration of China (CAC) said in a statem...
WASHINGTON (Reuters) - The U.S. Senate’s financial services panel will hold a hearing next month with the country’s top markets regulators to discuss bitcoin amid rising concerns over the risks cryptocurrencies pose to the financial system, a person with direct knowledge of the matter to...
SEOUL (Reuters) - Hyundai Motor Co (005380.KS) said on Thursday it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker’s first foray into the rapidly growing sector as it tries to diversify following a sales slump in China. Grab has expanded to eight Southeast...
SEOUL (Reuters) - South Korea’s largest cryptocurrency exchanges were raided by police and tax agencies this week for alleged tax evasion, people familiar with the investigation said on Thursday. “A few officials from the National Tax Service raided our office this week,” an offici...
WASHINGTON (Reuters) - The U.S. Senate’s financial services panel will hold a hearing next month with the country’s top markets regulators to discuss bitcoin amid rising concerns over the risks cryptocurrencies pose to the financial system, a person with direct knowledge of the matter to...
LAS VEGAS (Reuters) - The digital economy’s big annual trade show, CES, suffered a brief, disruptive plunge into darkness on Wednesday because of a power outage the show’s organizers blamed on a glitch caused by heavy rains the day before in usually sunny Nevada. The irony of a partial b...
(Reuters) - Nvidia Corp is updating the software for its graphics processors in response to the Spectre security threat, but its chief executive said on Wednesday its chips were not subject to the same risks as those from Intel and other companies. “Our GPUs are immune,” Nvidia CEO Jense...
WASHINGTON (Reuters) - Two Senate Democrats are proposing large new fines for credit reporting agencies that lose consumers’ personal information in data breaches, according to a bill they introduced on Wednesday. The bill would impose potentially significant fines against companies like Equif...
WASHINGTON (Reuters) - An Ohio man was charged in a 16-count indictment on Wednesday for allegedly using malware known as “Fruitfly” to surreptitiously record people by secretly taking over their computer cameras and microphones, the U.S. Justice Department said. The indictment said that...
(Reuters) - Nvidia Corp is having to adapt the software its graphics chips use to connect to other computers in response to the Spectre security threat, but its chief executive declared on Wednesday that its core products were not subject to the same risks as microprocessor makers such as Intel. &ld...
Microsoft on Tuesday released 14 security updates, including fixes for the Spectre and Meltdown flaws detailed last week, as well as a zero-day vulnerability in Microsoft Office that is being exploited in the wild. Separately, Adobe pushed a security update to its Flash Player software. Last week&rs...
Microsoft on Tuesday released 14 security updates, including fixes for the Spectre and Meltdown flaws detailed last week, as well as a zero-day vulnerability in Microsoft Office that is being exploited in the wild. Separately, Adobe pushed a security update to its Flash Player software. Last week&rs...
(Reuters) - Graphics specialist Nvidia Corp was the latest chipmaker to say its equipment was vulnerable to the Spectre security threat, broadening the scope of concern for millions of computers beyond their central processors. Spectre is one of two chipset flaws, the other dubbed Meltdown, revealed...
(Reuters) - Berkshire Hathaway’s Warren Buffett said on Wednesday he will never invest in cryptocurrencies. “I can say almost with certainty that cryptocurrencies will come to a bad end,” Buffett told CNBC in an interview. Buffett’s comments come a day after JPMorgan & Ch...
(Reuters) - Nvidia Corp became the latest chipmaker to release software patches for the Spectre microchip security threat, indicating that the chipset flaw was affecting graphic processors as well as CPUs. Security researchers last week disclosed the chipset flaws, dubbed Meltdown and Spectre, that ...
WASHINGTON (Reuters) - The chairman of a U.S. Senate committee overseeing business issues asked Apple Inc to answer questions about its disclosure that it slowed older iPhones with flagging batteries, according to a letter seen by Reuters on Wednesday. The California-based company apologized over th...
