Huawei leak: Senior civil servant piles pressure on ministers to cooperate with probe April 26, 2019 The UK’s foremost civil servant has piled pressure on cabinet ministers to cooperate with his inquiry about who leaked private security discussions at the top level of government. Sir Mark Sedwill has written to members of the National Security Council after the Telegraph reported that Prime Minister Theresa May is set to allow Huawei access [...]
Amazon smashes profit predictions on soaring cloud services demand April 26, 2019 E-commerce giant Amazon reported a significant jump in profit tonight to soar past average analyst expectations, in addition to matching estimates on revenue. The company’s net income for the first three months of 2019 more than doubled year-on-year to reach a record $3.6bn (£2.8bn), or $7.09 per share, compared to the average estimate of $4.72. [...]
Microsoft’s valuation passes $1 trillion as competition with Apple and Amazon heats up April 25, 2019 Microsoft’s valuation briefly exceeded $1 trillion (£776bn) for the first time yesterday after the firm posted strong revenue and profit growth in its quarterly results. Shares in the US tech behemoth rose as high as $130.87 in late trading, taking its market capitalisation past rivals Apple and Amazon and beyond the coveted $1 trillion mark. [...]
Government ‘cannot exclude’ criminal investigation into Huawei leak April 25, 2019 The government has refused to rule out a criminal investigation into leaks from a security meeting about the role of Chinese tech firm Huawei in the UK’s 5G network. Culture secretary Jeremy Wright today slammed the “unacceptable” leak of confidential information, which has prompted calls for an inquiry into a potential breach of the Official [...]
The Huawei 5G partnership is a threat to the UK’s national security April 25, 2019 Imagine if you were told that your new home internet network was going to be part built and maintained by a company alleged to have links to some of the most prolific identity thieves in your area. In all likelihood, you would change your provider. Yet that is precisely the course of action the British [...]
Tesla pledges a return to black as profitability fails to materialise April 25, 2019 A return to profit escaped Tesla chief Elon Musk for a second consecutive quarter last night. The electric car maker reported a widening $494m (£382.5m) loss after a record drop in deliveries. Tesla posted a deficit per share of $2.90 for the first three months of 2019, compared to the average analyst estimate of a [...]
Facebook braces for $5bn hit after privacy scandals April 25, 2019 An ongoing probe into a slew of data breaches at Facebook has left the social media giant braced for a financial hit of up to $5bn (£3.9bn) in fines and legal costs. The social media giant’s profit for the first three months of this year more than halved year-on-year to just $2.4bn, with earnings per [...]
Cyber attacks on businesses soar 235 per cent as pressure builds on security bosses April 25, 2019 The number of cyber threats to businesses has soared 235 per cent in the last year, with small firms still the most at risk, according to a new report. Data from cybersecurity firm Malwarebytes shows cyber criminals are increasingly focusing on businesses, while threats to consumers have dropped almost 40 per cent in the last [...]
Inside Huawei: Spies, spin and billions at stake April 24, 2019 The journey from Paris to Verona takes just two minutes. The small, replica Swiss train trundles past imposing French chateaux and gothic German castles, sliding effortlessly through 12 European cities before ending up, after just under eight kilometres of newly-built track, back in Paris. On Huawei’s new Ox Horn campus, not far from the Chinese [...]
Tory party divided over Huawei’s involvement in parts of 5G network April 24, 2019 Senior Tory MPs have slammed Prime Minister Theresa May’s “short-sighted” decision to allow Huawei to participate in parts of the UK’s 5G network. The Chinese firm will be banned from core parts of the network, but will be allowed to supply equipment to non-core areas such as antennas, despite warnings from UK spooks about flaws [...]