Business

Huawei and Partners Launch New ICT Competition

Huawei and Partners Launch New ICT Competition

23 Jun 2018 comment

Huawei officially launched Huawei ICT Competition 2018-2019 at the CEBIT 2018 in Hannover, Germany.

Mercedes-AMG Petronas Motorsport Partners with HPE

Mercedes-AMG Petronas Motorsport Partners with HPE

23 Jun 2018 comment

Mercedes-AMG Petronas Motorsport announced a new partnership with HPE to enhance the team’s operational efficiency, car performance and overall technology capability.

Zuckerberg on Brink of Eclipsing Buffett With Facebook at $200

Zuckerberg on Brink of Eclipsing Buffett With Facebook at $200

23 Jun 2018 comment

Facebook co-founder Mark Zuckerberg is poised to leapfrog Warren Buffett to become the world’s third-richest person, according to Bloomberg.

Twitter and Square Both on Verge of Doubling This Year

Twitter and Square Both on Verge of Doubling This Year

22 Jun 2018 comment

Square and Twitter, which both count Jack Dorsey as CEO, are on the brink of boasting 100 percent gains this year, according to Bloomberg.

Instagram Adds TV Feature After Reaching 1 Billion Users

Instagram Adds TV Feature After Reaching 1 Billion Users

22 Jun 2018 comment

Facebook’s photo-sharing app Instagram has reached 1 billion monthly active users, according to Bloomberg.

Intel Ousts CEO Krzanich After Relationship With Employee

Intel Ousts CEO Krzanich After Relationship With Employee

22 Jun 2018 comment

Intel removed Brian Krzanich as CEO after the chipmaker learned he had a consensual relationship with an employee, a violation of the company’s policies, according to Bloomberg.

Xiaomi to Debut in Hong Kong First After Postponing Shanghai IPO

Xiaomi to Debut in Hong Kong First After Postponing Shanghai IPO

21 Jun 2018 comment

Xiaomi has decided on a Hong Kong initial public offering before listing in Shanghai, according to Bloomberg.

Cambridge Researcher Kogan Disputes Facebook’s Data Leak Story

Cambridge Researcher Kogan Disputes Facebook’s Data Leak Story

21 Jun 2018 comment

Facebook has explained many times how personal information from as many as 87 million people was collected by a researcher and then sold to Cambridge Analytica.

Google and Facebook Gird for EU Rules to Vet Copyrighted Content

Google and Facebook Gird for EU Rules to Vet Copyrighted Content

21 Jun 2018 comment

European lawmakers want to make it harder for Google, Facebook and other internet giants to showcase copyrighted material without permission, acording to Bloomberg.

Disney Sweetens Offer for Fox to $71 Billion, Outbidding Comcast

Disney Sweetens Offer for Fox to $71 Billion, Outbidding Comcast

21 Jun 2018 comment

Walt Disney raised its offer for 21st Century Fox’s entertainment assets to $71.3 billion, outbidding Comcast, according to Bloomberg.

Google to Invest $550 Million in China e-Commerce Site JD

Google to Invest $550 Million in China e-Commerce Site JD

20 Jun 2018 comment

Google is investing $550 million in cash in China’s JD as the U.S. search giant pushes deeper into online commerce, according to Bloomberg.

ZTE Lost $7 Billion of Value as Lawmakers Fight Trump Deal

ZTE Lost $7 Billion of Value as Lawmakers Fight Trump Deal

20 Jun 2018 comment

ZTE dived 27 percent after American lawmakers passed a bill to restore severe penalties on China’s second-largest telecoms gear-maker, according to Bloomberg.

Former France Telecom CEO to Stand Trial After Wave of Suicides

Former France Telecom CEO to Stand Trial After Wave of Suicides

20 Jun 2018 comment

Didier Lombard, the former CEO of France Telecom, will stand trial for moral harassment, a decade after a wave of employee suicides coincided with the restructuring he led, according to Bloomberg.

Porsche takes 10% stake in the Croatian technology and sports car company Rimac

Porsche takes 10% stake in the Croatian technology and sports car company Rimac

20 Jun 2018 comment

Porsche AG has invested in the technology and electric sports car company Rimac Automobili by taking a minority shareholding of ten per cent. The company develops and produces electric vehicle components and manufactures electric super sports cars. As part of its electrification efforts, Porsche is seeking a development partnership with the young company.

Samsung Told to Pay Korean University $400 Million

Samsung Told to Pay Korean University $400 Million

20 Jun 2018 comment

Samsung was told to pay $400 million after a federal jury in Texas said it infringed a patent owned by a South Korean university, according to Bloomberg.

IBM Acquires Oniqua

IBM Acquires Oniqua

19 Jun 2018 comment

IBM announced it has acquired Oniqua Holdings, a global innovator in Maintenance Repair and Operations (MRO) Inventory Optimization solutions and services focused on mining, oil & gas, transportation, utilities, manufacturing and other asset-intensive industries.

Successful Premiere of New-look CEBIT

Successful Premiere of New-look CEBIT

19 Jun 2018 comment

Last week, CEBIT premiered in a new time frame and with many other new things. The all-new concept was enthusiastically received by exhibitors and visitors alike in Hannover, Germany.

Xiaomi Confirms at Least Half of IPO to Be Sold in Shanghai

Xiaomi Confirms at Least Half of IPO to Be Sold in Shanghai

18 Jun 2018 comment

Xiaomi said at least half of the stock in its planned initial public offering will be sold to mainland investors through Chinese depository receipts, according to Bloomberg.

Google Buys More Land in Europe for Data-Center Construction

Google Buys More Land in Europe for Data-Center Construction

18 Jun 2018 comment

Google bought 70 hectares of land in the Netherlands as it explores options for constructing more data centers across Europe, according to Bloomberg.

Qualcomm's NXP Deal Is Said to Be Approved by Chinese Regulators

Qualcomm's NXP Deal Is Said to Be Approved by Chinese Regulators

18 Jun 2018 comment

Qualcomm’s $43 billion acquisition of NXP has been approved by Chinese regulators, according to Bloomberg, citing people familiar with the matter who asked not to be identified.

Tech IPOs Erupt Higher as Dropbox Gets Swept Up in the Mania

Tech IPOs Erupt Higher as Dropbox Gets Swept Up in the Mania

17 Jun 2018 comment

Newly listed technologies companies are extending their outperformance against larger peers in the latest injection of euphoria from traders chasing the high returns, according to Bloomberg.

Sweden Tries to Halt Total Cashlessness With Lawmaker Proposal

Sweden Tries to Halt Total Cashlessness With Lawmaker Proposal

17 Jun 2018 comment

A key committee of Swedish lawmakers wants to force the country’s biggest banks to handle cash in an effort to halt the nation’s march toward complete cashlessness, according to Bloomberg.

Google Enters Deal With Carrefour to Sell Food Online in France

Google Enters Deal With Carrefour to Sell Food Online in France

17 Jun 2018 comment

Google entered a deal with Carrefour to sell groceries online in France in what the retailer said was the first time fresh food will be marketed through the Internet giant’s platforms, according to Bloomberg.

German Fintech May Soon Be More Valuable Than Deutsche Bank

German Fintech May Soon Be More Valuable Than Deutsche Bank

17 Jun 2018 comment

German payments company Wirecard is fast approaching the market valuation of banking behemoth Deutsche Bank, capping a week in which investors snapped up shares in Europe’s biggest ever fintech public offering, according to Bloomberg.

Apple Tries to Stop Developers Sharing Data on Users' Friends

Apple Tries to Stop Developers Sharing Data on Users' Friends

16 Jun 2018 comment

Apple changed its App Store rules last week to limit how developers use information about iPhone owners’ friends and other contacts, according to Bloomberg.

Microsoft Judge Sees Fatal Flaw in Women's Group Bias Case

Microsoft Judge Sees Fatal Flaw in Women's Group Bias Case

16 Jun 2018 comment

Microsoft women engineers seeking to pursue gender-discrimination claims as a group were told by a judge there may be a "fatal" flaw in their case, according to Bloomberg.

AT&T Closes Time Warner Deal After U.S. Declines to Seek Stay

AT&T Closes Time Warner Deal After U.S. Declines to Seek Stay

16 Jun 2018 comment

AT&T closed its $85 billion takeover of Time Warner, the culmination of a 20-month battle for the right to enter the media business by acquiring the owner of HBO and Warner Bros., according to Bloomberg.

Facebook Tells Senate It Started a Privacy Design Lab Called TTC

Facebook Tells Senate It Started a Privacy Design Lab Called TTC

15 Jun 2018 comment

Facebook told the U.S. Senate the company has launched a design lab that will work to improve the way people get informed about sharing their personal data, according to Bloomberg.

Adyen Doubles in Debut in Year's Biggest European Tech IPO

Adyen Doubles in Debut in Year's Biggest European Tech IPO

15 Jun 2018 comment

Adyen, a Dutch payments processor whose clients include Netflix and Spotify, more than doubled in its trading debut in Amsterdam, according to Bloomberg.

Microsoft Presented New Partner Programs and Intelligent Devices

Microsoft Presented New Partner Programs and Intelligent Devices

15 Jun 2018 comment

Microsoft announced new programs and a new category of intelligent devices, designed to take advantage of a digitally connected world and drive new growth and opportunity for the industry.