The technology conglomerate SoftBank Group Corp reported a leap in profits at its first $100 billion fund and said that its second Vision Fund might begin investing in various businesses as soon as next month. This announcement was made by the founder and Chief Executive Masayoshi Son. Funding round participants including Microsoft Corp and Apple…
Apple’s new operating system for mobile phones will restrict background access to apps for making internet calls. WhatsApp and Facebook Messenger will be affected. According to a report from The Information, Apple Inc is making changes to its mobile operating system which will restrict voice calls over the internet. Apps such as Facebook Inc’s Messenger…
It aims to funnel the proceeds into AR, media content as well as acquisitions. In a significant development, Snap Inc disclosed it will raise $1 billion in short-term debt. It plans to invest the proceeds in augmented reality features, media content or could also channel it for making acquisitions. Following a rough 2018, Snap, the…
Customers at London Gatwick and at Newcastle airports have reported that they are unable to check-in. Flight departures have also been disrupted. On Wednesday, issues in British Airways’ IT systems led to stranded passengers, flight delays and long queues at airports. International Airlines Group owned-British Airways apologized to customers for the disruption in service saying…
A new form of breach of privacy and concerns about it emerged after the Hong Kong flag carrier Cathay Pacific revealed that it regularly conducts monitoring of its passengers through onboard cameras on its aircraft. According to Cathay, the aim of gathering of the footage of passengers via a number of cameras positioned all around…
After being financially troubled because of soaring rents and following a number of earlier unsuccessful attempts to find a buyer have ultimately forced the United States luxury department store chain Barneys New York to put it up for sale and file for Chapter 11 bankruptcy. In order to stay afloat, new funds from Hilco Global…
The North Korean regime has managed to increase the sophistication of its cyber attacks, which have successfully targeted banks and cryptocurrency exchanges. According to a confidential report by the United Nations, North Korea has amassed a estimated $2 billion using “widespread and increasingly sophisticated” cyberattacks that targeted banks and cryptocurrency exchanges. North Korea plans on…
Cyberreason’s strength lies in its core offering – Endpoint Protection Platform. On Tuesday, Antivirus startup Cybereason disclosed, it has raised $200 million in investment from Japan’s SoftBank Group Corp. Founded in 2012, so far the Boston-based company has managed to raise $400 million in funding rounds. Previously it raised capital from Spark Capital, CRV, and…
The trade war between the United States and China is hitting the heart of the American computer industry. Following the decision of the US administration to blacklist Chinese tech giant Huawei in May, business has not been good for American chipmakers. The new proposed China tariffs by US president Donald Trump is set to hurt…
Huawei’s Hongmeng will face challenges from Google’s Android operating system. Huawei’s first quarter sales rose on domestic demand. The overseas market for its smartphones has tanked. On Monday, as per a report from China’s state media Global Times, Huawei Technologies Co Ltd is set to release its own mobile operating system, Hongmeng, by the end…
