Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital

RIYADH (Reuters) - The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics.

Ex-IBM employee from China pleads guilty to code theft charges

NEW YORK (Reuters) - A former software engineer for IBM in China pleaded guilty on Friday to stealing proprietary source code from the company, federal prosecutors announced on Friday.

Ford using first over-the-air software updates to its 2016 cars

SAN FRANCISCO (Reuters) - Ford Motor Co said on Friday it would delve into the growing arena of "over-the-air" software updates, adding Android Auto and Apple CarPlay to its Sync 3-equipped 2016 vehicles for the first time via a wireless software update.

WannaCry attack is good business for cyber security firms

SAN FRANCISCO (Reuters) - For Kris Hagerman, chief executive of UK-based cyber security firm Sophos Group Plc, the past week could have been bad. The WannaCry "ransomware" attack hobbled some of its hospital customers in Britain's National Health Service, forcing them to turn away ambulances and can...

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North Korea says linking cyber attack to Pyongyang is 'ridiculous'

UNITED NATIONS (Reuters) - North Korea's deputy U.N. ambassador said on Friday that linking Pyongyang with the global WannaCry "ransomware" cyber attack is "ridiculous."

Amid industry pushback, China offers changes to cyber rules: sources

BEIJING (Reuters) - China may delay full implementation of controversial new cyber security rules, giving companies more time to prepare, two people who attended a meeting on Friday between the country's internet regulator, businesses and diplomats told Reuters.

Companies use kidnap insurance to guard against ransomware attacks

FILE PHOTO: A screenshot shows a WannaCry ransomware demand, provided by cyber security firm Symantec, in Mountain View, California, U.S. May 15, 2017. Courtesy of Symantec/Handout via REUTERS/File Photo

EU executive asks bank watchdog to rethink 'screen scraping' ban

European Commission Vice-President for the Euro and Social Dialogue Valdis Dombrovskis holds a news conference at the European Commission in Brussels, Belgium May 4, 2017. REUTERS/Eric Vidal

French researchers find last-ditch cure to unlock WannaCry files

A hooded man holds a laptop computer as blue screen with an exclamation mark is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration

London City Airport's flights to be controlled from 70 miles away

FILE PHOTO: Aircraft stand idle at City Airport after a protest closed the runway causing flights to be delayed, in London, Britain September 6, 2016. REUTERS/Eddie Keogh/File Photo

Wannacry cyber attack compromised Russian banks in isolated cases: central bank

A screenshot shows a WannaCry ransomware demand, provided by cyber security firm Symantec, in Mountain View, California, U.S. May 15, 2017. Courtesy of Symantec/Handout via REUTERS

Uber threatens to fire self-driving car engineer in trade secrets case

(Reuters) - Uber has threatened to fire an engineer accused by Alphabet's self-driving Waymo unit of stealing confidential documents in a high profile trade secrets case between the two companies, according to a court filing.

Bain to submit bid for majority stake in Toshiba chip unit

TOKYO (Reuters) - U.S. buyout firm Bain Capital LP plans to bid around 1.5 trillion yen ($13.5 billion) for a majority stake in Toshiba Corp's chip business, people with knowledge of the matter said.

Alibaba injects $488 million health food assets into Ali Health

HONG KONG (Reuters) - Alibaba Health Information Technology Ltd said on Friday controlling shareholder Alibaba Group Holding Ltd would sell HK$3.8 billion ($488.3 million) worth of health food and nutritional products businesses to the company, further developing it into Alibaba's healthcare flagshi...

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With new mini-apps, WeChat seeks even more China clicks

HONG KONG (Reuters) - In a cluster of refurbished Mao-era industrial buildings in Guangzhou, developers at China's top messaging app, WeChat, are redesigning key parts of its product to spread its tentacles to just about every aspect of Chinese life.

Uber to appeal arbitration ruling in self driving car lawsuit

SAN FRANCISCO (Reuters) - Uber will appeal a judge's order rejecting its attempt to arbitrate a high profile trade secrets lawsuit against Alphabet's self-driving Waymo unit, according to a court filing on Thursday.

Carlos Slim's America Movil to roll out 4.5G network this year

Daniel Hajj, CEO and Director of Mexican telecoms company's America Movil, delivers a speech during a news conference to present new technological innovations in Mexico City, Mexico, May 18, 2017. REUTERS/Edgard Garrido

Fraudsters Exploited Lax Security at Equifax’s TALX Payroll Division

Identity thieves who specialize in tax refund fraud had big help this past tax year from Equifax, one of the nation’s largest consumer data brokers and credit bureaus. The trouble stems from TALX, an Equifax subsidiary that provides online payroll, HR and tax services. Equifax says crooks...

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Fraudsters Exploited Lax Security at Equifax’s TALX Payroll Division

Identity thieves who specialize in tax refund fraud had big help this past tax year from Equifax, one of the nation’s largest consumer data brokers and credit bureaus. The trouble stems from TALX, an Equifax subsidiary that provides online payroll, HR and tax services. Equifax says crooks...

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Security experts find clues to ransomware worm's lingering risks

FILE PHOTO: A man types on a computer keyboard in front of the displayed cyber code in this illustration picture taken March 1, 2017. REUTERS/Kacper Pempel/Illustration/File Photo

Facebook reaches deal to show 20 Major League Baseball games live

SAN FRANCISCO (Reuters) - Facebook Inc has struck a deal with Major League Baseball to show 20 of the league's games live this season in an agreement that expands the social media network further into the world of live programming.

U.S. FCC votes 2-1 to advance repeal of Obama-era internet rules

(Reuters) - The U.S. Federal Communications Commission voted 2-1 on Thursday to advance a Republican plan to reverse the Obama administration's 2015 "net neutrality" order.

Facebook wins dismissal of U.S. lawsuits linked to terrorism

NEW YORK (Reuters) - A federal judge on Thursday dismissed two lawsuits accusing Facebook Inc of supporting terrorist groups by letting them use its social media platform to further their aims, including violence against Jews.

Indians report spike in ransomware attacks, government says damage contained

NEW DELHI (Reuters) - The number of computers reported infected by a global ransomware attack in India has more than doubled to around 193 on Thursday from a day ago, a federal cyber security official said, adding that steps taken by the government have helped limit its spread.

Bitcoin's murkier rivals line up to displace it as cybercriminals' favorite

LONDON (Reuters) - Bitcoin is well-entrenched as the preferred payment for cybercriminals like the WannaCry hackers who have hit more than 300,000 computers over the past week, but cryptocurrencies offering more anonymity are threatening to displace it.

Alibaba reveals $6 billion share buyback as misses EPS forecast

(Reuters) - Alibaba Group Holding Ltd said on Thursday it would buy back shares worth up to $6 billion over two years, as it beat first quarter revenue forecasts but missed income estimates.

Qualcomm shows off wireless charging for electric vehicles

SAN FRANCISCO (Reuters) - Qualcomm Inc said on Thursday it had demonstrated how electric vehicles could be charged wirelessly while driving, a technology some believe will help accelerate the adoption of self-driving cars.

UK to sanction digital firms which fail to take down illegal internet content

HALIFAX, England (Reuters) - Britain will punish digital companies, social media platforms and content providers which fail to take down content from the internet which breaks the law, the ruling Conservatives said in their policy document ahead of a June 8 election.

Japan's Sharp to invest $1 billion in SoftBank's 'Vision' Tech Fund

TOKYO (Reuters) - Sharp Corp said on Thursday it would invest up to $1 billion in SoftBank Group's planned $100 billion Vision fund and that it aims to tap advanced technologies through the investment.

Germany refers case on Uber sedan service to European court

KARLSRUHE, Germany (Reuters) - Germany's highest court on Thursday referred a case seeking to ban Uber's sedan services with licensed drivers to the European Court of Justice to decide whether a ban of the "Uber Black" service would violate broader European Union laws.