Business

Pact to Speed Up Bitcoin Drives Digital Currency to Record High

Pact to Speed Up Bitcoin Drives Digital Currency to Record High

25 May 2017 comment

Bitcoin’s seemingly unstoppable rally has just been given new impetus. According to Bloomberg, the cryptocurrency extended its surge by 10 percent to a record-high $2,690, bringing gains this year to 182 percent, after an agreement to upgrade the speed of processing transactions.

Terror Posts and Encryption Targeted by U.K. Following Attack

Terror Posts and Encryption Targeted by U.K. Following Attack

25 May 2017 comment

The U.K. government urged social-media platforms such as Facebook and Twitter to tackle terror posts on their sites as it reinforced its demand to allow access to encrypted messages, according to Bloomberg.

GfK: Upward Trend in the Consumer Climate in Germany Continues

GfK: Upward Trend in the Consumer Climate in Germany Continues

25 May 2017 comment

German consumers were still highly confident in May of this year, providing reliable support to the economy. This was reflected in heightened expectations of the economy and income. Propensity to buy fell slightly, but still remained at a high level.

Instagram Audience in France Still Growing

Instagram Audience in France Still Growing

25 May 2017 comment

Nearly seven years after its launch, Instagram has yet to completely catch on with internet users in France. But adoption has been growing by double digits annually and will continue to do so for the next few years.

Microsoft Unveils New Surface Pro

Microsoft Unveils New Surface Pro

25 May 2017 comment

Microsoft unveiled a new version of its Surface Pro tablet and laptop combination device with more powerful chips and better battery life, updating an aging product with declining sales that hurt financial results last quarter, according to Bloomberg.

Toshiba May Seek Buyers for Westinghouse Starting This Fall

Toshiba May Seek Buyers for Westinghouse Starting This Fall

24 May 2017 comment

Toshiba could begin the process to sell a majority stake in Westinghouse this fall as the U.S. company makes its way through a bankruptcy proceeding, according to Bloomberg, citing Westinghouse’s CEO Mark Marano.

Apple and Visa Face Patent Infringement Lawsuit Over Apple Pay

Apple and Visa Face Patent Infringement Lawsuit Over Apple Pay

24 May 2017 comment

Apple and Visa are facing claims by Universal Secure Registry, a small Boston-area company, that their mobile-payment partnership infringes four of its patents, according to Bloomberg.

Leonardo to Roll Out Anti-Ransom Tool

Leonardo to Roll Out Anti-Ransom Tool

24 May 2017 comment

When a wave of ransom-requesting cyber attacks hit computers across the globe, Leonardo cyber-security experts had already warned clients that a larger-than-usual strike was about to hit. Now, the company is set to roll out a new weapon against hackers, according to Bloomberg.

Israel Indicts Uber for Allegedly Offering Illegal Rides

Israel Indicts Uber for Allegedly Offering Illegal Rides

24 May 2017 comment

Israel’s Transport Ministry issued an indictment in a Tel Aviv court against Uber, saying it allegedly picked up passengers for a fee without a government license, according to Bloomberg, citing a ministry statement.

Toyota and Merck Join Ethereum Group to Build Blockchain Network

Toyota and Merck Join Ethereum Group to Build Blockchain Network

23 May 2017 comment

An effort to transform how businesses work by using blockchain technology added new members from multiple industries as Toyota, Merck, State Street and other companies joined industry group the Enterprise Ethereum Alliance, according to Bloomberg.

More Clues Linking WannaCry to North Korea

More Clues Linking WannaCry to North Korea

23 May 2017 comment

Cybersecurity researchers at Symantec and FireEye have uncovered more evidence tying this month’s WannaCry global ransomware attacks to North Korea, according to Bloomberg.

Facebook Shares Rules for Censoring Violence and Sex

Facebook Shares Rules for Censoring Violence and Sex

23 May 2017 comment

Facebook created a rule book for moderators to use when censoring the posts of its nearly 2 billion users, responding to global criticism for failing to prevent the circulation of images of violence, sex, hate speech and other controversial material, according to Bloomberg, citing The Guardian report.

Peach Becomes First Airline in Japan to Accept Payment in Bitcoin

Peach Becomes First Airline in Japan to Accept Payment in Bitcoin

22 May 2017 comment

Peach Aviation will become the first Japanese carrier to accept bitcoin as payment for airline tickets as the discount airline aims to attract more tourists from other parts of Asia, according to Bloomberg.

SoftBank Closes Funding For Record $93 Billion Investment Fund

SoftBank Closes Funding For Record $93 Billion Investment Fund

22 May 2017 comment

SoftBank and Saudi Arabia formally announced the first round of capital commitments for the largest-ever technology investment fund, as founder Masayoshi Son seeks to accelerate his financing of cutting-edge technologies and startups, according to Bloomberg.

TDK Completes Acquisition of InvenSense

TDK Completes Acquisition of InvenSense

22 May 2017 comment

TDK has completed the all-cash acquisition of InvenSense. The acquisition price was $13 per InvenSense share, and the total acquisition price was approximately $1.3 billion USD.

Waymo Teams Up With Lyft to Test Autonomous Cars

Waymo Teams Up With Lyft to Test Autonomous Cars

22 May 2017 comment

Alphabet is working with Lyft on a plan to test autonomous cars on the road, escalating a fight with Uber by partnering with its main rival in the U.S., according to Bloomberg.

Tesla Rebuffed Uber Partnership on Self-Driving Cars

Tesla Rebuffed Uber Partnership on Self-Driving Cars

21 May 2017 comment

Uber Chief Executive Officer Travis Kalanick rang up Tesla CEO Elon Musk last year to propose a partnership on self-driving cars, according to Bloomberg, citing an upcoming book.

Brace for Chaos If U.S. Expands Airline Laptop Ban

Brace for Chaos If U.S. Expands Airline Laptop Ban

21 May 2017 comment

The trans-Atlantic flight could soon become a gadget-free zone if U.S. officials press forward with a security ban on laptop computers and other larger electronic devices on airline flights from Europe, according to Bloomberg.

Uber Threatens to Fire Engineer, Citing Demands of Court Order

Uber Threatens to Fire Engineer, Citing Demands of Court Order

21 May 2017 comment

Uber, under pressure from a court order in its battle with Alphabet over driverless technology, threatened to fire the engineer accused of taking files from his former employer if he doesn’t help the company obey the judge’s requests, according to Bloomberg.

Cisco Revenue Forecast Disappoints

Cisco Revenue Forecast Disappoints

21 May 2017 comment

Cisco gave a disappointing sales forecast that underscores the challenges facing its multibillion-dollar hardware business during an industry shift toward cheaper, software-based networking, according to Bloomberg.

Wal-Mart's Online Sales Soar as Retail Giant Pursues Amazon

Wal-Mart's Online Sales Soar as Retail Giant Pursues Amazon

20 May 2017 comment

Wal-Mart gained momentum in its fight against Amazon, with its online sales growing at the fastest clip in at least five years, according to Bloomberg.

Apple Said to Plan Laptop Upgrades as Microsoft Enters Market

Apple Said to Plan Laptop Upgrades as Microsoft Enters Market

20 May 2017 comment

Apple plans to announce an update to its laptop lineup at an annual conference for app developers in early June, a move that could help offset new competition from Microsoft as well as declining iPad sales, according to Bloomberg.

New Pricing Model Tests How Much Uber Riders Will Stomach

New Pricing Model Tests How Much Uber Riders Will Stomach

20 May 2017 comment

Uber drivers have been complaining that the gap between the fare a rider pays and what the driver receives is getting wider. After months of unsatisfying answers, Uber is providing an explanation: It’s charging some passengers more because it needs the extra cash, according to Bloomberg.

Broadcom and KKR Said to Be Leading Bidders for Toshiba Unit

Broadcom and KKR Said to Be Leading Bidders for Toshiba Unit

19 May 2017 comment

Broadcom and a group led by KKR are emerging as the two leading bidders for Toshiba’s semiconductor unit as of today's deadline for second-round offers, according to Bloomberg, citing people familiar with the matter.

Assange Closer to Freedom as Swedes Drop Case

Assange Closer to Freedom as Swedes Drop Case

19 May 2017 comment

WikiLeaks founder Julian Assange moved closer to freedom after Swedish prosecutors moved to drop a rape investigation against him, leaving the door open for him to emerge from his self-imposed exile in a London embassy, according to Bloomberg.

As Deadline Begins to Pass, WannaCry Falls Short of Six Figures

As Deadline Begins to Pass, WannaCry Falls Short of Six Figures

19 May 2017 comment

One week ago a global cyberattack, dubbed “unprecedented” by Europol, began infecting an estimated 200,000 of the world’s computers, starting a seven-day countdown to the destruction of data if victims didn’t pay a ransom, according to Bloomberg.

Alibaba Misses Earnings Estimates on Higher Tax Bill and Spending

Alibaba Misses Earnings Estimates on Higher Tax Bill and Spending

19 May 2017 comment

Alibaba’s earnings lagged estimates after it swallowed a higher tax bill and splurged on the entertainment and cloud computing businesses that’re fueling revenue growth, according to Bloomberg.

Google Expands Voice-Based Assistant Service to iPhone

Google Expands Voice-Based Assistant Service to iPhone

19 May 2017 comment

Google’s artificial intelligence-based voice Assistant is on more than 100 million devices now, and the company is leveraging a longtime competitor to expand the technology to even more people, according to Bloomberg.

Google Takes Another Swing at Reviving Cheap Android Phones

Google Takes Another Swing at Reviving Cheap Android Phones

18 May 2017 comment

Google is making another go at getting cheap Android phones to support its latest software, an attempt to lock more consumers in the developing world into the internet giant’s services, according to Bloomberg.

U.K. Opens Door to Facebook Tax in Push for Web Security

U.K. Opens Door to Facebook Tax in Push for Web Security

18 May 2017 comment

Twitter and Facebook, along with broadband providers like BT and Liberty, may face a new tax in the U.K. should Prime Minister Theresa May’s Conservatives get re-elected as polls suggest on June 8, according to Bloomberg.