EU data watchdog raises concerns over Microsoft contracts

Microsoft's contracts with European Union institutions do not fully protect data in line with EU law, the European Data Protection Supervisor (EDPS) said in initial findings published on Monday.

Wirecard hires KPMG for independent audit after FT allegations

German payments company Wirecard has hired KPMG to conduct an independent audit to address allegations by the Financial Times that its finance team had sought to inflate reported sales and profits, it said on Monday.

Israel's Upstream wins funding to expand in automotive cybersecurity

Israel's Upstream Security has secured $30 million funding from a wide range of global automakers and venture capital firms as it looks to tap into the increasingly competitive market for software to protect vehicles from hackers.

EU data watchdog raises concerns over Microsoft contracts with EU institutions

The European Data Protection Supervisor said on Monday that preliminary results of its investigation into Microsoft contracts with EU institutions show serious issues over compliance with data protection rules.

Wirecard hires KPMG for independent audit after Financial Times allegations

German payments company Wirecard has hired KPMG to conduct an independent audit to address allegations by the Financial Times that its finance team had sought to inflate reported sales and profits, it said on Monday.

Gojek CEO quits to join Indonesian cabinet, replacements named

Gojek CEO and co-founder Nadiem Makarim said on Monday he had resigned to join Indonesia's cabinet, and the ride-hailing and payments company said two senior officials would jointly take over running operations of the $10 billion firm.

SAP in three-year cloud partnership with Microsoft

Business software group SAP said on Monday it had reached a three-year deal with Microsoft to help its large enterprise customers move their business processes into the cloud.

Hacking the hackers: Russian group hijacked Iranian spying operation, officials say

Russian hackers piggy-backed on an Iranian cyber-espionage operation to attack government and industry organizations in dozens of countries while masquerading as attackers from the Islamic Republic, British and U.S. officials said on Monday.

Facebook open to currency-pegged stablecoins for Libra project

Facebook Inc , facing growing skepticism about its digital currency project Libra, on Sunday said the initiative could use cryptocurrencies based on national currencies such as the dollar, instead of the synthetic one it initially proposed.

China's Xiaomi says plans to launch more than 10 5G phones next year

Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, CEO Lei Jun said on Sunday, speaking at the World Internet conference in the eastern Chinese town of Wuzhen.

China's propaganda chief says Cold War mentality hindering mutual trust in cyberspace

A "Cold War mentality" and "bully behavior" are hindering mutual trust in cyberspace, China's propaganda chief said on Sunday at the start of the World Internet Conference in the eastern Chinese town of Wuzhen.

China's next commercial rockets to make test flights in 2020, 2021: Xinhua

China will launch test flights for the next two space rockets in its Smart Dragon series meant for commercial use in 2020 and 2021, the official Xinhua news agency reported on Sunday, as an expected boom in satellite deployment gathers pace.

SoftBank seeks to avoid WeWork's liabilities with new investment: sources

SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U.S. office-space sharing firm, according to people familiar with the matter.

Exclusive: Huawei in early talks with U.S. firms to license 5G platform - Huawei executive

Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday.

News Corp to supply headlines for Facebook's upcoming news tab

Facebook Inc's upcoming news tab will feature headlines from the Wall Street Journal and some other News Corp media properties when it launches in fall of 2019, the social network said on Friday.

G20 kicks off debate to regulate 'stablecoins' in hit to Facebook's Libra

Group of 20 finance leaders on Friday agreed to set strict regulations on cryptocurrencies such as Facebook's Libra, warning that issuance of such "stablecoins" should not be allowed until various global risks they pose are addressed.

House antitrust probe report likely by 'first part' of 2020

The House of Representatives Judiciary Committee expects to have a final report on its probe of big technology companies and their potential breaches of antitrust law, by the "first part" of next year, the chair of its antitrust panel said on Friday.

Apple's star-studded 'The Morning Show' joins #MeToo conversation

Apple Inc is jumping into the streaming video wars with a series that explores accusations of sexual misconduct at a fictional morning television news show, a story that tackles issues brought to life over the past two years of the #MeToo movement.

G20 agrees stablecoins give rise to 'serious' risks: press release

Group of 20 finance leaders agreed that global stablecoins give rise to a set of "serious" public policy and regulatory risks, a press release from Japan, the group's chair, showed on Friday.

Facebook's Libra cryptocurrency should be prevented: German finance minister

German Finance Minister Olaf Scholz on Friday redoubled his criticism of Facebook's plans to launch its Libra cryptocurrency, and said creation of a new world currency should be prevented.

FTC official says data collection allows Big Tech to hurt competition

Vast troves of consumer data collected by big technology companies allow them to gain a competitive edge and pose a threat to competition, Federal Trade Commission's Rohit Chopra said on Friday.

'Stablecoins' could hinder efforts to stamp out money laundering: global watchdog

The spread of cryptocurrencies such as Facebook's Libra could have serious repercussions for worldwide efforts to detect and stamp out money laundering and terror financing, a global watchdog on illicit finance said on Friday.

Gun with a chip: U.S. Army contracts may lead to a smarter firearm

A carbine that can call in an airstrike. A computer-aided scope on a machine gun that can turn just about anyone into a marksman.Even firearms that measure and record every movement, from the angle of the barrel to the precise moment of each shot fired, which could provide law enforcement with a dig...

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Snakes and ladders: SoftBank Vision Fund's climbing, sliding valuations

The $100 billion Vision Fund of Japan's SoftBank Group Corp has in just over two years burned through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.

Indonesia issues rules to block illegally imported mobile phones

Indonesia has issued regulations to allow authorities to block smartphones purchased on the black market, in a bid to encourage investors to produce mobile phones in the country, a minister said on Friday.

Apple's Cook meets China regulator after pulling Hong Kong app

Apple Inc CEO Tim Cook met the chief of China's market regulator in Beijing on Thursday, the Chinese agency said, a week after the U.S. firm was thrust into the midst of political tensions between the mainland and protesters in Hong Kong.

China market regulator chief met with Apple CEO Tim Cook

China's market regulator chief Xiao Yaqing met with Apple Inc's Chief Executive Tim Cook in Beijing on Thursday, the regulator said on Friday.

Lebanon scraps WhatsApp fee amid violent protests

Demonstrators and police clashed in Lebanon on Thursday as thousands of people rallied against the government's handling of an economic crisis, in one of the biggest protests the country has seen in years.

Two killed in Lebanon fire near Beirut protests: report

Two foreign workers in Lebanon choked to death from a fire that spread to a building near major protests in the capital, Beirut, state news agency NNA said on Friday.

AT&T, Elliott in talks after activist campaign launched: sources

AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar with the matter said on Thursday.