McAfee sues Dixons Carphone over alleged breach of software contract August 18, 2019 Cybersecurity firm McAfee has sued Dixons Carphone over claims the retailer breached a contract to promote its software and instead marketed products made by one of its rivals. McAfee has alleged that Dixons failed to honour an agreement to exclusively promote its products in its stores, which it said will cost the company more than [...]
Softbank suffers £380m writedown in Oneweb stake August 18, 2019 Softbank is said to have written down its stake in Oneweb by £380m as the British satellite company contends with the sky-high costs of its planned launches. Oneweb has burned through billions of pounds as it looks to create a network of satellites providing high-speed broadband across the globe. Read more: Oneweb lands $1.25bn in [...]
US to extend Huawei license to buy American goods for 90 days August 17, 2019 The US is set to extend a reprieve given to Huawei that allows the Chinese tech firm to buy supplies from US companies so that it can continue serving existing customers. The “temporary general license” will be extended for a further 90 days, according to Reuters. Read more: Chinese forces exercise on Hong Kong border [...]
Shares in Avast rise as it lifts forecast on growing demand for privacy tools August 14, 2019 Shares in cybersecurity firm Avast rose more than eight per cent after it lifted forecasts for full-year revenue to the upper end of its guidance. The London-listed company posted an 8.3 per cent increase in revenue to $422m (£350m) in the first half, while adjusted net profit rose 14 per cent to $148m. Read more: [...]
Tencent posts profit boost after China lifts gaming ban August 14, 2019 Tencent has reported a 35 per cent rise in profit for the second quarter as growth in its gaming division returned after a lengthy regulatory ban. The Chinese tech giant has suffered a string of disappointing quarterly results after Beijing imposed a nine-month freeze on licences for new online games. Read more: Tencent in talks [...]
Senior MP slams ‘disingenuous’ Facebook response over Cambridge Analytica evidence August 13, 2019 The chair of the parliamentary committee probing Facebook’s alleged contradictory evidence to MPs has branded the tech giant’s response “disingenuous”. Facebook has been accused of giving inconsistent evidence about when it first learned that personal data had been misused for political advertising. Read more: MPs call on Facebook to explain ‘contradictory’ Cambridge Analytica evidence Asked [...]
EU antitrust chiefs urged to crack down on Google’s job search August 13, 2019 A group of almost two-dozen European job sites have heaped pressure on Google for allegedly using its search engine to unfairly favour its own results. In a letter sent to EU antitrust regulators, 23 online job search sites said that Google’s own jobs search, which launched last year, had stolen some of their market share. [...]
Computer says no: Workers waste millions of hours a year because of mediocre technology August 13, 2019 We have all been there. Waiting impatiently at the start of a meeting for documents and conferencing applications to load; the frustration when your device crashes after working two hours on a document that didn’t auto-save; or having to travel hours to a meeting because it’s just not possible to do it remotely. These are [...]
King’s Cross defends use of facial recognition technology August 12, 2019 The developer behind King’s Cross has defended its use of facial recognition technology, despite concerns about privacy and data use. Property development firm Argent, which is overseeing a regeneration project on the 67-acre site, said its use of the cameras was “in the interest of public safety”. Read more: Passengers told to avoid King’s Cross [...]
Value investing will survive Fortnite – and other tech disruptors August 12, 2019 Kyle ‘Bugha’ Giersdorf is 16, lives with his family in Pottsgrove, Pennsylvania and last weekend, by virtue of his extraordinary proficiency at a computer game, he became a millionaire. At the end of the first-ever Fortnite World Cup, which took place at New York’s Arthur Ashe Stadium, Kyle emerged victorious from a field of 100 [...]