Business

Apple to Build First China Data Center to Comply With Law

Apple to Build First China Data Center to Comply With Law

22 Jul 2017 comment

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.

French VC Bets on Banks Upping Security

French VC Bets on Banks Upping Security

22 Jul 2017 comment

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 CEO Vows to Hit Online Sales Target or Quit

Lenovo CEO Vows to Hit Online Sales Target or Quit

22 Jul 2017 comment

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.

Hungarian MOL Chose IBM for Business Transformation Partner

Hungarian MOL Chose IBM for Business Transformation Partner

21 Jul 2017 comment

IBM announced that MOL Group, oil and gas conglomerate, has tapped their technology services to boost its operating efficiency and drive business growth in an integrated way.

Bitcoin Community Cheers as Miners Back New Scaling Framework

Bitcoin Community Cheers as Miners Back New Scaling Framework

21 Jul 2017 comment

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.

Law Enforcement From US and EU Take Down Sites for Drug Trafficking

Law Enforcement From US and EU Take Down Sites for Drug Trafficking

21 Jul 2017 comment

Months of preparation and coordination have resulted in the takedown of two of the largest criminal Dark Web markets, AlphaBay and Hansa.

The EU Consumer Climate Remains Friendly

The EU Consumer Climate Remains Friendly

21 Jul 2017 comment

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 Sees Steep Profit Decline Amid Apple Legal Scuffle

Qualcomm Sees Steep Profit Decline Amid Apple Legal Scuffle

21 Jul 2017 comment

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 Lifts Sales Outlook on Cloud Growth

SAP Lifts Sales Outlook on Cloud Growth

20 Jul 2017 comment

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.

Estonian High-Tech Voting System Will Get Hacking Defenses

Estonian High-Tech Voting System Will Get Hacking Defenses

20 Jul 2017 comment

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.

HMD CEO Arto Nummela Leaves the Company

HMD CEO Arto Nummela Leaves the Company

20 Jul 2017 comment

HMD Global announced that through mutual agreement CEO Arto Nummela will leave the company with immediate effect.

Bitcoin Rebounds as Miners Take First Step to Avoid Split

Bitcoin Rebounds as Miners Take First Step to Avoid Split

19 Jul 2017 comment

Bitcoin reversed steep losses as miners began using new software which aims to bridge an ideological gap that has threatened to divide the cryptocurrency, according to Bloomberg.

Microsoft and Google Back Net Neutrality Rules for Broadband

Microsoft and Google Back Net Neutrality Rules for Broadband

19 Jul 2017 comment

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 Misses Revenue Estimates as Cloud and Services Unit Falters

IBM Misses Revenue Estimates as Cloud and Services Unit Falters

19 Jul 2017 comment

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.

Oracle to Add 1,000 Employees in European Cloud Push

Oracle to Add 1,000 Employees in European Cloud Push

19 Jul 2017 comment

Oracle is hiring 1,000 employees in Europe, the Middle East and Africa as it expands its cloud computing services in the region, according to Bloomberg.

Ericsson Speeds Cost Cuts as Turnaround Proves Challenging

Ericsson Speeds Cost Cuts as Turnaround Proves Challenging

18 Jul 2017 comment

Ericsson cautioned that turning around will require even steeper cost cuts, testing the patience of investors who sent the stock tumbling the most this year, according to Bloomberg.

New 2:1 Screen Ratio Smartphones Announced by NOA

New 2:1 Screen Ratio Smartphones Announced by NOA

18 Jul 2017 comment

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 Loses Bid to Stall $664,000 Daily Fines in EU Battle

Qualcomm Loses Bid to Stall $664,000 Daily Fines in EU Battle

18 Jul 2017 comment

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.

Big school of GDPR lesson 4 – Designing project plan

Big school of GDPR lesson 4 – Designing project plan

18 Jul 2017 comment

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 Backers Said to Discuss Stock Sale to SoftBank and Others

Uber Backers Said to Discuss Stock Sale to SoftBank and Others

18 Jul 2017 comment

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.

Santander Buys Stakes in 3 Startups in a Push Into Fintech

Santander Buys Stakes in 3 Startups in a Push Into Fintech

17 Jul 2017 comment

Banco Santander, Spain’s biggest lender, bought minority stakes in three financial-technology firms as Chairman Ana Botin makes machine learning a hallmark of her growth plan, accoridng to Bloomberg.

Toshiba to Hold Chip Unit Deal Until Court Hearing on July 28

Toshiba to Hold Chip Unit Deal Until Court Hearing on July 28

17 Jul 2017 comment

Toshiba, whose sale of its chip unit is being challenged in court by manufacturing partner Western Digital, agreed to hold off closing the deal until a hearing on July 28, according to Bloomberg.

Bitcoin Risks Splintering as Civil War Enters Critical Month

Bitcoin Risks Splintering as Civil War Enters Critical Month

16 Jul 2017 comment

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 Is Said to Close Major Hole in its Great Internet Firewall

China Is Said to Close Major Hole in its Great Internet Firewall

16 Jul 2017 comment

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.

Bitcoin Acceptance Among Retailers Is Low and Getting Lower

Bitcoin Acceptance Among Retailers Is Low and Getting Lower

15 Jul 2017 comment

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 Raises Sales Forecast Despite Stagnant IT Spending

Infosys Raises Sales Forecast Despite Stagnant IT Spending

15 Jul 2017 comment

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.

Trump Is Good for Twitter, Doesn't Deserve Ban, Chairman Says

Trump Is Good for Twitter, Doesn't Deserve Ban, Chairman Says

14 Jul 2017 comment

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.

Samsung Opens Berlin Venture Fund Office to Scout European Deals

Samsung Opens Berlin Venture Fund Office to Scout European Deals

14 Jul 2017 comment

Samsung is opening an office in Berlin that will serve as a hub for scouting startup investments and acquisitions in Europe, according to Bloomberg.

Repsly Secures $1.6 Million Seed Funding

Repsly Secures $1.6 Million Seed Funding

14 Jul 2017 comment

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.

Uber Cedes Russia to Yandex With $3.7 Billion Merger

Uber Cedes Russia to Yandex With $3.7 Billion Merger

14 Jul 2017 comment

Uber is handing over the keys to its business in Russia, as they are are merging their business with Yandex, according to Bloomberg.