More success at enticing global investors the second time around is being experienced by tech entrepreneurs in central and southeastern European, many of whom already have experience of launching their own businesses. Failing to rank among Europe’s top dozen countries for investment and lagging western and northern European countries, as well as decades-old tech hub…
Andy Maguire has discovered that customers are twice as likely to trust a robot for heart surgery than for picking a savings account as he faces a challenge while he is tasked with upgrading HSBC Holdings Plc’s digital-banking systems. “I do find it slightly odd,” said the chief operating officer of Europe’s largest bank, referring to…
There is a boom in China in so-called pet wearables, like smart collars, leashes and feeders and electronic device makers such as Hong Kong-listed SUGA and other start-ups are looking to cash-in on this boom. Gaining popularity again among the country’s growing middle class is pet ownership which was once denounced as a decadent and…
A fresh challenge was posed for established PC players in a market that has suffered two years of falling sales volumes by Chinese telecoms giant Huawei which announced on Tuesday that it was planning to start a global expansion into computers. A 15.6-inch screen notebook, a 2-in-1 tablet and notebook hybrid and an ultra slim,…
$107 million has been invested into R3, a group developing blockchain-like technology for financial companies, by Intel, Bank of America Merrill Lynch, HSBC and dozens of other institutions. Meanwhile, a source close to the situation said that the R3 group was left by Goldman Sachs and Santander who walked away from the funding round. Working together to bring so-called…
With a Chinese consortium putting in the highest bid at S$1 billion ($718 million), a residential plot in Singapore may fetch a record price for a government land sale. According to a statement from the Urban Redevelopment Authority, the highest bid in the Stirling Road land auction was submitted by Logan Property (Singapore) Co. and Nanshan Group…
The past week could have been bad for Kris Hagerman, chief executive of UK-based cyber security firm Sophos Group Plc. Forcing some hospitals to turn away ambulances and cancel surgeries, the WannaCry “ransomware” attack hobbled some of its hospital customers in Britain’s National Health Service. A boast on its website that “The NHS is totally…
For the big ambitions of Saudi Arabia’s young deputy crown prince, who is trying to steer the kingdom’s fortunes away from oil, U.S. President Donald Trump’s visit to Saudi Arabia could be a boost. While affirming its decades long support as Saudi Arabia’s regional power struggle with Iran intensifies, the U.S. brings an arms deal worth…
With the sale of its own token, $25 million in under 15 minutes has been raised by Aragon, a project that creates software to manage companies, said Luis Cuende, the project’s co-founder. Cuende said that for a start-up operating in the blockchain or distributed ledger space, the proceeds were the second-largest amount received. Aragon Network…
For providing “misleading information” about its acquisition of messaging service WhatsApp, Facebook has been fined 110 million euros ($122 million) by European regulators. The fine was announced on Thursday by the European Commission, the European Union’s executive arm. “Today’s decision sends a clear signal to companies that they must comply with all aspects of EU…
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