High-speed Hyperloop project ready for key test in Nevada Engineers will soon conduct a crucial test of a futuristic technology championed by entrepreneur Elon Musk that seeks to revolutionize transportation by sending passengers and cargo packed into pods through an intercity system of vacuum tubes. Hyperloop One, the Los-Angeles-based company […]
Music streamer SoundCloud has cash until fourth quarter after layoffs SoundCloud, the world’s biggest music-streaming service, is still struggling to find a business model – it now has enough cash to last until fourth quarter, after laying off 40 percent of its staff, a representative said on Thursday. The Berlin-based […]
Australia to compel technology firms to provide access to encrypted missives Australia on Friday proposed new laws to compel companies such as U.S. social media giant Facebook and device manufacturer Apple to provide security agencies access to encrypted messages. The measures will be the first in an expected wave of […]
U.S. government crackdown threatens Kaspersky’s American dream Eugene Kaspersky, the CEO of the Russian cybersecurity software firm that bears his name, had a big American dream. He wanted his company to go beyond selling anti-virus software to consumers and small businesses and become a major vendor to the U.S. government […]
German military aviation command launches cyber threat initiative The German military’s aviation safety chief has launched a new initiative against cyber threats, citing research that he said shows hackers can commandeer military airplanes with the help of equipment that costs about 5,000 euros ($5,700). A defense ministry spokesman told Reuters […]
Kaspersky Lab says it has become pawn in U.S.-Russia geopolitical game Russian cyber security firm Kaspersky Lab, reacting to a U.S. government move restricting its activities, said on Wednesday it had fallen victim to U.S.-Russia global sparring while the Kremlin criticized the U.S. action as politically-motivated. The Trump administration on […]
A French court ruled on Wednesday that Google (GOOGL.O) was not liable to pay 1.1 billion euros ($1.3 billion) in back taxes demanded by the French authorities. The Paris administrative court ruled that Google Ireland Limited was not subject to corporate and value-added taxes for the period 2005-2010, striking down […]
Trump International Hotels Management LLC said late on Tuesday a data breach at a service provider compromised card payment details at 14 of its properties. The compromised information included payment card numbers and card security codes for some of the hotel chain’s reservations processed through service provider Sabre Corp’s central […]
Wealthy clients of Swiss private bank Falcon will be able to store and trade bitcoins via their cash holdings with the bank from Wednesday, a move that signals the traction the virtual currency is gaining even in slow-changing asset management. The group’s new blockchain asset management service is being offered […]
Germany’s Continental (CONG.DE) and Osram (OSRn.DE) are planning to set up a joint venture to develop lighting products for the automotive industry, German business weekly Wirtschaftswoche said on Wednesday, citing unnamed sources. Osram wants to submit parts of its automotive lighting business to the joint venture while Continental will bring […]
