LONDON (Reuters) – British regulators should impose higher levies on banks if they need more resources to stop big IT glitches and should consider regulating cloud service providers such as Google, UK lawmakers said in a review on Monday. FILE PHOTO: The Canary Wharf financial district in London, Britain, June 25, 2019 REUTERS/Hannah McKay/File Photo
Technology
FILE PHOTO: A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song (Reuters) – British Prime Minister Boris Johnson is preparing to grant China’s Huawei technologies Co Ltd access to the UK’s future 5G telecoms network, the Sunday Times reported on Sunday. Senior
China’s Vice Premier Liu He exits the office of the U.S. Trade Representative following a morning round of negotiations on the second day of last ditch trade talks in Washington, U.S., May 10, 2019. REUTERS/Leah Millis/File Photo SHANGHAI (Reuters) – Chinese Vice Premier Liu He had a phone call with U.S. trade officials as both
NEW YORK (Reuters) – Global insurers that cover cyberattacks are facing more claims related to ransom-demanding hackers who cripple businesses’ technology systems, and only stop after receiving substantial payments. These hackers use malicious programs known as ransomware to take down systems controlling everything from supply chains to payments to manufacturing. The hackers have grown more
(Reuters) – Shares of Amazon.com Inc fell nearly 6% in early trading on Friday, as investors were let down by a lower-than-expected sales outlook and surprised by slower revenue growth at its lucrative AWS cloud business. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29,
SAN FRANCISCO/BENGALURU (Reuters) – Twitter Inc (TWTR.N) posted worse-than-expected quarterly revenue and profit on Thursday, plagued by unusually low demand over the summer and technical issues that hurt its advertising, sending its shares down about 19%. Chief Financial Officer Ned Segal said the company’s ad platform encountered bugs, or glitches, that hindered its ability to
(Reuters) – SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork on Tuesday, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control. FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan,
(Reuters) – WeWork’s new Executive Chairman Marcelo Claure on Wednesday defended huge payouts to the office-sharing company’s founder Adam Neumann and said there is now “zero risk of the company going bankrupt,” according to an audio recording of a meeting he held with employees that was reviewed by Reuters. FILE PHOTO: A WeWork logo is
TOKYO (Reuters) – SoftBank Group Corp’s financial strains escalated on Wednesday as it agreed to spend more than $10 billion to take over office-space sharing startup WeWork, knocking the Japanese tech conglomerate’s already weakened shares. FILE PHOTO: SoftBank Corp placard is prepared during a ceremony to mark the company’s debut on the Tokyo Stock Exchange
FILE PHOTO: A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai, China, September 17, 2018. REUTERS/Aly Song WASHINGTON (Reuters) – U.S. state attorneys general probing Alphabet’s (GOOGL.O) Google plan to meet next month in Colorado to discuss a probe into whether the search giant’s business practices break antitrust law, according
FILE PHOTO: CEO Tim Cook speaks at an Apple event at their headquarters in Cupertino, California, U.S. September 10, 2019. REUTERS/Stephen Lam BEIJING (Reuters) – Apple CEO Tim Cook has been named chairman of the business school advisory board at an elite Chinese university attended by senior politicians in the country. The announcement from Tsinghua
LOS ANGELES (Reuters) – United Parcel Service Inc’s new Flight Forward drone unit will soon start home prescription delivery from CVS Health Corp. FILE PHOTO: A UPS drone makes a Flight Forward medical delivery on WakeMed Health & Hospitals’ main campus in Raleigh, North Carolina, U.S. in an undated photo. UPS/Handout via REUTERS/File Photo The
FRANKFURT/BERLIN (Reuters) – 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. FILE PHOTO: Markus Braun, CEO (R) and Alexander von Knoop, CFO of Wirecard AG, an independent provider
WASHINGTON (Reuters) – Facebook Inc (FB.O), 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. FILE PHOTO: A 3-D printed Facebook logo is seen on U.S. dollar banknotes in this illustration
Xiaomi founder and CEO Lei Jun attends a launch ceremony of the new flagship phone Xiaomi Mi 9 in Beijing, China February 20, 2019. REUTERS/Jason Lee WUZHEN, China (Reuters) – Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, CEO Lei Jun said on Sunday, adding that the mobile
WASHINGTON (Reuters) – 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. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly