Apple will establish its first data center in China to speed up services such as iCloud for local users and abide by laws that require global companies to store information within the country, according to Bloomberg.
Partech Ventures, the French venture capitalist that has raised about $1 billion in 18 months, is betting on data-security demand from banks with an investment in a U.K. startup, predicting London will remain Europe’s prime financial hub despite Brexit, according to Bloomberg.
Lenovo’s Yang Yuanqing asked for patience as he tries to get China’s top PC maker growing once more, but for the first time publicly vowed to step down as chairman and CEO if he doesn’t deliver on a critical sales goal, according to Bloomberg.
Bitcoin backers celebrated as the community embraced a new mechanism to improve usage and allow it to scale, boosting confidence in the virtual currency and sending prices back near record highs, according to Bloomberg.
The positive mood among European consumers has also continued into the second quarter of 2017. After the nine-year peak at the beginning of the year, the consumer climate has remained at a high level for the EU 28 and closed at 19.1 points at the end of June.
Qualcomm, the biggest maker of chips used in mobile phones, forecast steep declines in profit and licensing sales, underscoring its dependence on the royalties that one of its largest customers, Apple, has stopped paying, according to Bloomberg.
SAP raised its annual revenue outlook and said it would buy back up to a half billion dollars in stock after reporting a better-than-expected jump in sales, lifted by a revamped version of its flagship software, according to Bloomberg.
Estonia, the only country in the world where voters elect their leaders through online balloting, is taking steps to fend off potential hacking attacks as cyber-security fears intensify, according to Bloomberg.
Microsoft and Google pleaded with U.S. regulators to preserve strong net neutrality rules, while AT&T and Comcast backed weakened oversight and said Congress should settle the issue that’s burned for more than a decade, according to Bloomberg.
IBM missed estimates for quarterly revenue, with a key business unit declining for the second consecutive time, further extending CEO Ginni Rometty’s turnaround plan, now in its fifth year without significant progress, according to Bloomberg.
Croatian smartphone producer Hangar 18 announced brand new phones under its bran NOA that will hit the market in the next couple of months. They will follow the trends and release three new smatphones with 2:1 screen ratio models.
Qualcomm lost a court bid to stall European Union regulators from imposing daily fines of 580,000 euros for failing to supply information for antitrust probes into the chip company’s sales tactics, according to Bloomberg.
What do we have to do, how, who and until when? How much does it cost? There are some of the questions we are giving the answer to in our fourth lesson of GDPR in the Big School of GDPR by ICTbusiness.info and Ostendo Consulting.
Uber shareholders and its board, led by early backer Benchmark, have discussed selling some of their shares to SoftBank and other potential investors, according to Bloomberg, citing people familiar with the matter.
The notoriously volatile cryptocurrency bitcoin, whose 160 percent surge this year has captivated everyone from Wall Street bankers to Chinese grandmothers, could be headed for one of its most turbulent stretches yet, according to Bloomberg.
China’s government has told telecommunications carriers to block individuals’ access to virtual private networks by Feb. 1, thereby shutting a major window to the global internet, according to Bloomberg, citing people familiar with the matter.
Retailers were already skeptical about letting customers pay with bitcoin before the cryptocurrency’s price underwent an astronomical rally this year. According to Bloomberg, that rapid surge hasn’t made them any more accepting. In fact, it may have done the opposite.
Infosys raised its annual revenue outlook after eking out a 1 percent rise in quarterly net income, as newer digital services helped it bag contracts despite shrinking client budgets, according to Bloomberg.
Twitter’s executive chairman Omid Kordestani said the social-media platform shouldn’t ban President Donald Trump, pushing back against complaints from users who say some of his tweets amount to cyberbullying and violate the company’s terms of service, according to Bloomberg.
Repsly, a SaaS company changing the way teams do work in the field, announced it has completed a $1.6 Million second seed round of financing and has added tech veteran Woody Benson to its board of directors.