IT budgets are ballooning to combat what corporations see as their greatest threat: faceless, sophisticated hackers from an outside entity as the number of reported data breaches continues to blitz U.S. companies — over 6 million records exposed already this year, according to the Identity Theft Resource Center. In about 50 percent of all security…
The 25 best-paid hedge fund honchos on Wall Street pocketed $13 billion in 2015, a sum that exceeds the gross domestic products of many nations, says a just-published annual survey by Institutional Investor’s Alpha magazine. What’s interesting is that this year’s big winners are more reliant than ever on algorithms to make their money and the…
Not just wealthy people but anyone would be able to invest in startups thanks to the new crowdfunding rules taking effect Monday in the US. Earlier investors backing private companies needed to be “accredited,” meaning they make at least $200,000 a year and have a net worth of $1 million or more (excluding their home). The change overrides…
Following warnings by European steelmakers that dumping was likely to increase, the European Commission has launched an inquiry into Chinese subsidies for steel sold to the EU. Chinese producers benefit from government subsidies such as preferential lending rates and low energy charges claims the submission from the European Steel Association which also forms the basis…
In what the Los Angeles company developing the technology said was the first successful test of a futurist transit system called hyperloop, a car-sized sled powered by electromagnets rocketed to more than 100 miles (160 kph) an hour through the Nevada desert. Elon Musk, the founder of rocket maker SpaceX and electric car company Tesla…
Drawing a line under the UK financial watchdog’s eight-and-a-half year insider dealing inquiry, a former Deutsche Bank managing director and an accountant have been sent to prison for “persistent, prolonged, deliberate, dishonest behavior”. For his part in an elaborate scam that prosecutors said made more than £6.9m between 2006 and 2010, Martyn Dodgson was sentenced…
In the latest setback to consolidation that telecommunications operators say they need to funnel money into new networks, the European Union blocked CK Hutchison Holdings Ltd.’s bid to create the U.K.’s biggest mobile carrier. The European Commission said that there were risks of prices being raised and choices shrinking for customers due to the Hutchison’s plan…
A world where people live forever, dead relatives linger on in computers and robots try to kill humans is what Chinese technology giant Huawei is preparing for. The world’s largest producers of broadband network equipment and smartphones are what Huawei is best known for. But the company used science fiction movies like “The Matrix” to envision…
Since the launch in June last year of rival Apple Music, music streaming service Spotify has seen a faster pace of growth, a top executive said. Despite increasing competition and, so far, a lack of profits, Spotify, which was created in Stockholm 10 years ago, now boasts of having close to 100 million users in…
With the acquisition of OPS Rules, a boutique analytics consulting company that specializes in the application of data science to create supply chain and operations analytics solutions, Accenture is seeking to expand its machine learning and operations analytics capabilities. Its team of operations analytics professionals that apply machine learning and optimization techniques to develop fresh…
