Security News

July 17, 2019

Dialog Semiconductor raises second-quarter profit outlook

This post was originally published on this siteAnglo-German chip designer Dialog Semiconductor on Wednesday raised its second-quarter earnings outlook, citing strong revenue and gains from a transfer of assets to iPhone maker Apple.
July 17, 2019

Bulgaria detains suspect in cyber attack on its tax agency

This post was originally published on this siteBulgarian police have detained a suspect in a hacking attack on the Balkan country’s National Revenue Agency that led to the leak of personal and financial data of millions of people, an interior ministry spokeswoman said on Wednesday.
July 17, 2019

Ericsson second-quarter operating profit matches expectations

This post was originally published on this siteMobile telecom equipment maker Ericsson reported on Wednesday a rise in line with expectations in second-quarter operating earnings helped by strong sales growth in North America.
July 17, 2019

France says G7 focused on containing risks of Facebook’s Libra

This post was originally published on this siteGroup of Seven finance ministers meeting in France this week will make it one of their priorities to contain the risks posed by new currencies such as Facebook’s Libra, the meeting’s host, Finance Minister Bruno Le Maire, said.
July 17, 2019

How lithium-rich Chile botched a plan to attract battery makers

This post was originally published on this siteIn March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles.
July 16, 2019

Amazon in deal with German watchdog to overhaul marketplace terms

This post was originally published on this siteAmazon has reached a deal with Germany’s anti-trust authority to overhaul its terms of service for third-party merchants, who had complained of unfair treatment when selling through the world’s biggest online retailer.
July 16, 2019

Visa invests in Indonesian ride-hailing firm Go-Jek

This post was originally published on this siteVisa Inc said on Wednesday it has invested in Indonesia’s Go-Jek as part of the ride-hailing company’s ongoing Series F fundraising round.
July 16, 2019

Tencent-backed live-streaming firm DouYu prices U.S. IPO at low end of range

This post was originally published on this siteDouYu International Holdings Ltd , China’s largest live-streaming platform, on Tuesday said it sold $775 million in stock at a $3.73 billion valuation after pricing its U.S. initial public offering (IPO) at the bottom of an indicative range.
July 16, 2019

Tencent-backed live-streaming firm DouYu prices U.S. IPO at low end of range: sources

This post was originally published on this siteDouYu International Holdings Ltd , China’s largest live-streaming platform, on Tuesday sold $775 million in stock at a $3.73 billion valuation after pricing its U.S. initial public offering (IPO) at the bottom of an indicative range, people with direct knowledge of the matter said.
July 16, 2019

Australian watchdog says Uber Eats will amend ‘unfair’ contract terms

This post was originally published on this siteAustralia’s competition watchdog said Uber Technologies Inc’s food delivery service Uber Eats will amend its contract terms to accept more accountability for delivery issues, easing the burden on restaurants.
July 16, 2019

Trump calls for inquiry into Google’s work with China

This post was originally published on this siteU.S. President Donald Trump said on Tuesday his administration would investigate whether Alphabet Inc’s Google supports the Chinese government, following accusations that a company official refuted hours later at a Senate hearing.
July 16, 2019

U.S. lawmakers take jabs at Amazon, Big Tech in antitrust hearing

This post was originally published on this siteLawmakers on the House Judiciary Committee’s antitrust panel on Tuesday pressed an executive from Amazon.com Inc on allegations that it competed against its own sellers and pushed them to buy advertising and fulfillment services.
July 16, 2019

Uber launches in Hamburg, now live in six German cities

This post was originally published on this siteUber said on Wednesday it was launching ride-hailing services in Germany’s second city, Hamburg, as it seeks to achieve scale in a country where it has met resistance from local taxi firms, city governments and the courts.
July 16, 2019

U.S. Justice Department asks appeals court to pause antitrust ruling against Qualcomm

This post was originally published on this siteThe U.S. Justice Department asked a federal appeals court to pause the enforcement of a sweeping antitrust ruling against mobile chip supplier Qualcomm Inc on Tuesday, citing support from the Energy Department and Defense Department.
July 16, 2019

Facebook should not be trusted with ‘crazy’ cryptocurrency plan: senators

This post was originally published on this siteDemocratic and Republican lawmakers said on Tuesday that Facebook Inc’s track record of what they described as untrustworthiness should stand in the way of it launching a digital currency, labeling the plan “delusional” and “crazy” at a Senate hearing.
July 16, 2019

U.S. SEC chief says he has not met with Facebook since Libra announcement

This post was originally published on this siteA top U.S. financial market regulator said on Tuesday he has not discussed with Facebook its Libra currency proposal, nearly a month after the social media giant announced the project.
July 16, 2019

Bitcoin tumbles as U.S. senators grill Facebook on crypto plans

This post was originally published on this siteThe cryptocurrency market took a beating on Tuesday with bitcoin losing over 10% in value after U.S. lawmakers grilled Facebook on its cryptocurrency plans, as political and regulatory scrutiny of digital coins intensifies.
July 16, 2019

Starting with Netflix, FANG reports to test Wall St. rally’s mettle

This post was originally published on this siteA wave of quarterly reports from Netflix and other top-tier, high-growth companies starting on Wednesday will test Wall Street’s willingness to extend a recent really driven by expectations of lower interest rates.
July 16, 2019

Lotus showcases first pure electric sports car

This post was originally published on this siteBritish sports car maker Lotus revealed its pure electric “hypercar” on Tuesday, the first completely new vehicle to be launched under the stewardship of Chinese firm Geely which acquired a majority stake in 2017.
July 16, 2019

Amazon U.S. rivals get sales boost on Prime Day: Adobe

This post was originally published on this siteSeveral large U.S. retailers recorded higher sales on the first day of Amazon.com Inc’s Prime Day shopping event as online shoppers also flocked to their websites, Adobe Analytics said on Tuesday.
July 16, 2019

Senators criticize FTC’s reported Facebook settlement

This post was originally published on this siteThree U.S. senators who have been frequent critics of U.S. tech giants wrote a letter to the Federal Trade Commission on Tuesday to criticize its reported settlement with Facebook Inc.
July 16, 2019

Bitcoin falls below $10,000 after Facebook grilled on crypto plans

This post was originally published on this siteBitcoin fell 8% on Tuesday, breaching $10,000 for the first time in two weeks after U.S. lawmakers grilled Facebook on its cryptocurrency plans, as political and regulatory scrutiny of digital coins intensifies.
July 16, 2019

In systemic breach, hackers steal millions of Bulgarians’ financial data

This post was originally published on this siteBulgaria’s finance minister apologized to the country on Tuesday after admitting hackers had stolen millions of taxpayers’ financial data in an attack that one researcher said may have compromised nearly every adult’s personal records.
July 16, 2019

Tech executives head to Capitol Hill for antitrust hearing

This post was originally published on this siteExecutives from tech giants Apple Inc, Amazon.com Inc, Facebook Inc and Alphabet’s Google go before the House Judiciary Committee’s antitrust panel Tuesday to discuss competition in online markets.
July 16, 2019

Bills targeting China’s Huawei introduced in U.S. Congress

This post was originally published on this siteMembers of the U.S. Senate and House of Representatives introduced bills on Tuesday to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump’s easing of restrictions on the Chinese firm.