Category: Biz Tech

DHAKA/NEW YORK Jupiter. That single word, by a stroke of luck, helped stop the Federal Reserve Bank of New York from paying nearly $1 billion (£757 million) to the cyber-criminals behind a notorious bank heist earlier this year, according to sources familiar with the incident.When hackers broke into the computers of Bangladesh's central bank in February and sent fake payment orders, the Fed was tricked into paying out $101 million. But the losses could have been much higher had

Yahoo CEO Marissa Mayer delivers her keynote address at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada in this January 7, 2014, file photo. Reuters/Robert Galbraith/Files SAN FRANCISCO Former Yahoo executive Dan Rosensweig has not worked at the pioneering internet company in nearly a decade.But last week, as Yahoo Inc (YHOO.O) prepared to sell its core internet business, he was sporting a Yahoo T-shirt and, in an interview, reveled in memories of the company's heyday, along with the deep

A Tesla logo hangs on a building outside of a Tesla dealership in New York, U.S., April 29, 2016. Reuters/Lucas Jackson/File Photo Tesla Motors Inc Chief Executive Elon Musk Wednesday unveiled an ambitious plan to expand the company into electric trucks and buses, car sharing and solar energy systems.In a blog post titled "Master Plan, Part Deux," Musk sketched a vision of an integrated carbon-free energy enterprise offering a wider range of vehicles, and products and services beyond electric cars and

People play the mobile phone game Pokemon GO in a park in Central Jakarta, Indonesia July 21, 2016. Reuters/Iqro Rinaldi JAKARTA Avid players of smash-hit mobile phone game Pokemon GO in Indonesia, home to the world's largest Muslim population, are not letting religious decrees or security warnings get in the way of their mission to catch their next cartoon creature.Nintendo's augmented reality app, in which players walk around real-life places to hunt virtual characters on their smartphone screens, has become an

A self-driving car by Google is displayed at the Viva Technology event in Paris, France, June 30, 2016. Reuters/Benoit TessierBERLIN Germany plans new legislation to require manufacturers of cars equipped with an autopilot function to install a black box to help determine responsibility in the event of an accident, transport ministry sources told Reuters on Monday.The fatal crash of a Tesla Motors Inc Model S car in its Autopilot mode has increased the pressure on industry executives and regulators to ensure

Turkish policemen cordon up around a military vehicle in Ankara, Turkey July 16, 2016. Reuters/Stringer SAN FRANCISCO The attempted military coup in Turkey exploded across social media late on Friday despite restricted access to Twitter, Facebook and YouTube during the first hours of the putsch.Turkish President Tayyip Erdogan, an avowed enemy of social media who has frequently made Twitter and Facebook a target, addressed the country via a FaceTime video call that was shown on TV.He also tweeted: "I call our

A virtual map of Bryant Park is displayed on the screen as a man plays the augmented reality mobile game ''Pokemon Go'' by Nintendo in New York City, U.S. July 11, 2016. Reuters/Mark Kauzlarich/File PhotoMEXICO CITY A Mexican taxi driver has jumped on the Pokemon GO craze sweeping the world by driving smartphone-armed customers around in search of the augmented reality game's target creatures.The mobile phone game has become an instant hit with more users in the United States than Twitter

U.S. President Barack Obama speaks about the Bastille Day truck attack in Nice at the Diplomatic Corps Reception at the White House in Washington, U.S., July 15, 2016. Reuters/Yuri GripasWASHINGTON The Obama administration on Friday released a legislative proposal intended to provide foreign governments with a streamlined process for asking U.S. tech companies to share email data and conduct wiretaps for criminal investigations.The framework comes one day after a federal appeals court said the U.S. government could not compel Microsoft to turn

The United Nations headquarters building is pictured though a window with the UN logo in the foreground in the Manhattan borough of New York August 15, 2014. Reuters/Carlo Allegri/Files ROME (Thomson Reuters Foundation) - From a smartphone app delivering market prices to Guatemalan farmers to online nutrition tips in rural Colombia, the push to end hunger has entered a new era with the U.N. food agency deploying the latest technology to fight it.The World Food Programme's (WFP) new innovation hub, launched

Tesla Chief Executive Elon Musk attends a forum on startups in Hong Kong, China January 26, 2016. Reuters/Bobby Yip/File Photo Tesla Motors Inc CEO Elon Musk on Sunday tweeted his intention to soon publish part two of his "top secret Tesla masterplan" following an embattled several weeks for the Silicon Valley heavyweight.The tweet, which read "Working on Top Secret Tesla Masterplan, Part 2. Hoping to publish later this week" comes amid inquiries into two crashes of Tesla cars, as well as

The logo of free messaging app Line is pictured on a smartphone and the company's stuffed toy in this photo illustration taken in Tokyo, Japan, September 23, 2014. Reuters/Toru Hanai/Illustration/File PhotoTOKYO Japanese messaging app firm Line Corp priced its initial public offering at the top of its marketed range, putting it on track to raise as much as $1.3 billion and reflecting robust appetite for the world's biggest tech listing this year.Line set the IPO price at 3,300 yen per share,

KEFLAVIK, Iceland Marco Streng is a miner, though he does not carry a pick around his base in south-western Iceland. Instead, he keeps tens of thousands of computers running 24 hours a day in fierce competition with others across the globe to earn bitcoins.In the world of the web-based digital currency, it is not central banks that add new money to the system, but rather computers like Streng's which are awarded fresh bitcoins in return for processing blocks of

A 3D-printed logo for Twitter is seen in this picture illustration made in Zenica, Bosnia and Herzegovina on January 26, 2016. Reuters/Dado Ruvic/Illustration/File Photo Twitter Inc is in talks with the NBA, Major League Soccer and Time Warner Inc's cable network Turner Broadcasting to buy digital streaming rights for content related to major sports and events, Recode reported.This content could either be actual game footage or live interviews and analysis, the technology news website reported, citing people familiar with the talks.

The logo of Facebook is seen at the Cannes Lions Festival in Cannes, France, June 23, 2016. Reuters/Eric GaillardFacebook Inc on Friday said it began testing end-to-end encryption on its popular Messenger application to prevent snooping on digital conversations. The limited testing on Messenger, which has more than 900 million users, comes three months after Facebook rolled out end-to-end encryption to its more popular WhatsApp, a messaging application with over 1 billion users that it acquired in October 2014.The move comes

Reuters/Tyrone Siu/File Photo SEOUL South Korea's LG Electronics Inc (066570.KS) said on Friday its second-quarter operating profit likely reached a two-year high, with analysts pointing to strong contributions from its mainstay home appliances and television set businesses.The world's second-biggest TV maker by market share, behind compatriot Samsung Electronics Co Ltd (005930.KS), said in a regulatory filing that April-June profit was likely 585 billion won ($504 million), compared with the 599 billion won average of 23 analyst estimates in a Thomson

A Nintendo video game logo is seen at the Electronic Entertainment Expo, or E3, in Los Angeles, California, United States, June 17, 2015. Reuters/Lucy Nicholson TOKYO Shares in Japan's Nintendo Co surged on Friday as consumers flocked to try out its new Pokemon GO smartphone game, raising hopes that the company's long-awaited shift into mobile gaming will pay off.Seeking to protect its console business, the Japanese group had for many years resisted introducing mobile games with its best-known characters such as

The logo of Facebook is seen at the Cannes Lions Festival in Cannes, France, June 23, 2016. Reuters/Eric GaillardThe U.S. Internal Revenue Service is examining Facebook Inc over its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers.The U.S. Justice Department filed a lawsuit on Wednesday in federal court in San Francisco seeking to enforce IRS summonses served on Facebook and to force the world's largest social network to produce various

A mobile phone shows a Facebook page promoting Hillary Clinton for president in 2016, in this photo illustration taken April 13, 2015. Reuters/Mike Segar As the U.S. presidential campaign heats up, Facebook Inc is going out of its way to show its neutrality - an increasingly urgent matter for the social network as evidence of its power continues to emerge.Recent studies have shown the site has extraordinary influence. According to research scheduled to be published in August in the Journal of

SAN FRANCISCO Facebook Inc on Wednesday offered a rare glimpse into how it ranks and shows content in its News Feed, part of an effort to provide more transparency about its operations as the social network's cultural and political influence continue to grow.The disclosures, though lacking in detail, are notable in part because they come in the wake of a May news report alleging liberal political bias in a Facebook feature called Trending Topics.“News Feed is a system that’s

BERLIN/LAGOS When German e-commerce investor Rocket Internet launched Jumia in 2012 as a would-be African Amazon, it was optimistic that a rapidly expanding middle class would quickly shift from street markets to shopping online.Four years on, falling sales for sites like Jumia and slower growth from Nigeria to Russia and Brazil is casting doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China.Jumia made a loss of 17 million euros (13.91

The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014. Reuters/Sergio Perez/Illustration/Files Ride-hailing giant Uber is integrating online radio station Pandora into its app for drivers for easy listening on trips, the companies announced on Monday.The deal gives Uber a new perk to dangle to drivers and strengthens Pandora’s presence in the key automotive market. The program begins Monday

People are silhouetted as they pose with laptops in front of a screen projected with a Google logo, in this picture illustration taken in Zenica October 29, 2014. Reuters/Dado Ruvic/FilesBERLIN German publishers have appealed a Berlin court's rejection of a case in which they accused Google of abusing its market power by refusing to pay them for displaying newspaper articles online, a lawyer for the publishers said on Monday.Germany's biggest newspaper publisher, Axel Springer and 40 other publishers had accused Alphabet

Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016. Reuters/Ashikur Rahman/File PhotoDHAKA Bangladesh's central bank has ended a contract with U.S. cyber security firm FireEye to investigate February's online theft of $81 million, turning down a proposal to extend the agreement, a senior official said on Monday.More than four months after hackers broke into the computer systems of Bangladesh Bank and transferred money from its account at the Federal Reserve Bank of New York,

A screen displays the Instagram logo during a presentation in New York December 12, 2013. Reuters/Lucas JacksonSAN FRANCISCO Instagram now boasts more than 500 million users, more than 80 percent of whom are outside the United States, the company said on Tuesday, in a sign of the photo-sharing app's rapidly growing global reach.The company owned by Facebook Inc (FB.O) had 400 million users last September. It has seen its user base more than double over the past two years. Instagram added

SoftBank Group Corp. President and COO Nikesh Arora attends a conference of start-up businesses in New Delhi, India, January 16, 2016. Reuters/Adnan Abidi/FilesTOKYO SoftBank Group Corp said on Tuesday that President Nikesh Arora would resign as of Wednesday's shareholders meeting, less than two years since he joined the Japanese Internet conglomerate.SoftBank said Arora and Chairman and Chief Executive Masayoshi Son had disagreed over when Arora would replace Son as head of the group. (Reporting by Makiko Yamazaki)Trending On ReutersInternational Yoga DayMillions

Protesters from the Anonymous India group of hackers wear Guy Fawkes masks as they protest against laws they say gives the government control over censorship of internet usage in Mumbai, June 9, 2012. Reuters/Vivek Prakash SAN FRANCISCO/ TORONTO At least a dozen countries are considering or have enacted laws restricting online speech, a trend that is alarming policymakers and others who see the internet as a valuable medium for debate and expression.Such curbs are called out as a threat to the

Reuters/Kacper Pempel/files SAN FRANCISCO Amazon.com Inc is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter. The service will be offered at $9.99 per month, in line with major rivals, and it will offer a competitive catalog of songs, the sources said. Amazon (AMZN.O) is finalising licenses with labels for the service, which likely will be launched in late summer

The logo of Intel is seen during the annual Computex computer exhibition in Taipei, Taiwan June 1, 2016. Reuters/Tyrone SiuApple Inc's next iPhone will use modems chips from Intel Corp, replacing those made by Qualcomm Inc in some versions of the new smartphone, Bloomberg reported, citing people familiar with the matter.Intel's modem chips will be in iPhones used on AT&T Inc's U.S. network and some other versions of the smartphone for overseas markets, Bloomberg reported on Friday. (bloom.bg/21cyhtJ)However, iPhones sold in

FILE PHOTO -- A woman looks at her phone as she passes by a Lending Club banner on the facade of the the New York Stock Exchange December 11, 2014.Reuters/Brendan McDermid/File Photo SAN FRANCISCO/NEW YORK (Reuters/IFR) - Many online lenders have failed to detect the “stacking” of multiple loans by borrowers who slip through their automated underwriting systems, lending company executives and investors told Reuters. The practice is proliferating in the sector - led by LendingClub, OnDeck and Prosper Marketplace - because

CONCORD, Calif Honda Motor Co gave a sneak preview of its self-driving prototypes on Wednesday, saying it was already on its way to offering semi-autonomous safety functions to the mass market.The Japanese automaker has been less vocal about its plans for self-driving cars than larger rivals like Toyota and General Motors, which in recent months have shown off major research and development projects and big-ticket acquisitions.But under the radar, Honda has been building semi-autonomous functionality, including forward-collision warning, lane-

More than 18 months after Apple Pay took the United States by storm, the smartphone giant has made only a small dent in the global payments market, snagged by technical challenges, low consumer take-up and resistance from banks.The service is available in six countries and among a limited range of banks, though in recent weeks Apple has added four banks to its sole Singapore partner American Express; Australia and New Zealand Banking Group in Australia; and Canada's five big banks.Apple

The company logo is shown at the headquarters of Oracle Corporation in Redwood City, California, February 2, 2010. Reuters/Robert Galbraith/FilesOracle Corp was sued on Wednesday by a former senior finance manager who claimed she was terminated in retaliation for complaining about improper accounting practices in Oracle's cloud services business.Shares of Oracle fell about 2.6 percent to $39.23 in after-hours trading.In a complaint filed in U.S. District Court in San Francisco, the former executive, Svetlana Blackburn, accused upper management of trying to

A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. Reuters/Benoit Tessier/File Photo LONDON The price of the web-based digital currency bitcoin soared to its highest in almost two years on Tuesday, rising to more than $500 per unit, as worries about a further weakening of the yuan drove increased demand from China.Trading volumes on the Chinese bitcoin exchange BTCC surged

Michael Dell, chief executive of Dell Inc, delivers his keynote speech at the All Things Oracle OpenWorld Summit in San Francisco, California September 25, 2013. Reuters/Jana Asenbrennerova/File Photo WILMINGTON, Del Michael Dell and Silver Lake Partners underpriced their 2013 $24.9 billion buyout of Dell Inc by about 22 percent and may have to pay tens of millions to investors who opposed the deal for the computer maker, a Delaware judge ruled on Tuesday.The fair value of Dell's stock at the time