Microsoft profit climbs 10pct as cloud grows

Friday, 20 July 2018

Microsoft on Thursday said its revenue and profit climbed in the recently ended quarter as its bets on cloud computing services and artificial intelligence helped lift earnings.The US tech giant reported its net income increased 10 percent to $8.8 billion on revenue that was up 17 percent to $30.1 billion when compared with the same period last year.Microsoft saw revenue gains across its full range of businesses including business services, gaming, internet search ads and its consumer software ...

President Trump slams record EU fine against Google

Thursday, 19 July 2018

President Donald Trump lashed out Thursday after Brussels hit US tech giant Google with a record fine, and warned he would no longer allow Europe to take “advantage” of the United States. “I told you so! The European Union just slapped a Five Billion Dollar fine on one of our great companies, Google,” Trump tweeted in reaction to the $ 5 bln penalty imposed on Google for abusing the dominance of its mobile operating system. “They truly have taken advantage of the US ...

British Airways says Heathrow flights hit by computer problems

Thursday, 19 July 2018

British Airways cancelled and delayed flights at London’s Heathrow, Europe’s biggest airport, on Wednesday due to problems with a supplier’s IT systems, the airline said. A number of British Airways flights were cancelled or being delayed by several hours at Heathrow’s Terminal 5, according to the airport’s departure board. “We are working with our supplier to resolve the matter and are sorry for the disruption to our customers’ travel plans,” ...

EU to fine Google record $5 billion over Android

Wednesday, 18 July 2018

The European Commission will fine Google a record $5 bln on Wednesday over its Android mobile operating system, a source close to the matter told Reuters. The source said Competition Commissioner Margrethe Vestager would confirm the antitrust fine, which is nearly double the previous record $2.6 bln fine which the US tech company received last year over its online shopping search service. A news conference is expected later in the day. The fine represents just over two weeks of revenue for ...

Walmart, Microsoft team up to take on Amazon

Tuesday, 17 July 2018

Walmart said Tuesday it was entering into a strategic partnership with Microsoft on “digital transformation” for the onetime retail industry leader. The move is aimed at helping Walmart compete better against Amazon, which is taking a growing share of retail sales in the United States and globally. The two firms said the partnership was focused on using artificial intelligence and other technology tools to help manage costs, expand operations and innovate faster. “Walmart&rsquo ...

World’s cheapest car, India’s Tata Nano, ‘unlikely to survive’ beyond 2019

Wednesday, 11 July 2018

India’s Tata Nano, which once promised to be the world’s cheapest car, has all but died. The project was called a “milestone in frugal engineering” when it took off 10 years ago but the company behind it now acknowledges that the car in its “present form cannot continue beyond 2019.” A Hindustan Times report, the Nano’s death was confirmed by production numbers: Tata Motors Ltd. produced 1 unit in June, down from 275 in the same month last year. Exports ...

Samsung opens world’s biggest smartphone factory in India

Monday, 9 July 2018

Samsung opened the world’s largest smartphone factory in India on Monday, a move Prime Minister Narendra Modi said would help transform Asia’s third-largest economy into a global manufacturing hub.Modi and South Korean President Moon Jae-in inaugurated the giant assembling plant -- an expansion of an existing Samsung facility -- in the city of Noida on the outskirts of New Delhi.“The Noida plant has now become Samsung’s largest smartphone manufacturing unit,” Moon ...

Careem in talks to raise $150 mln for food delivery business

Sunday, 8 July 2018

Middle East ride-hailing app Careem is in talks to raise as much as $150 million from existing investors to launch its food delivery business as early as September, according to a source with direct knowledge of the matter. Careem, the main Middle East rival of Uber Technologies, has been trialing food delivery services after announcing in February it had acquired regional online restaurant listing platform RoundMenu. The Dubai-based company will launch CareemFood in Pakistan as soon as ...

What lies beneath? Megaupload founder Kim Dotcom can be extradited to US

Thursday, 5 July 2018

The New Zealand Court of Appeal ruled on Thursday that internet entrepreneur and Megaupload founder Kim Dotcom could be extradited to the United States to face racketeering and criminal copyright charges.The court’s written decision rejected Dotcom’s appeal and upheld a lower court ruling in 2017 that the extradition could take place. The six-year legal saga is widely seen as a test for how far the United States can reach globally to apply American firms’ intellectual property ...

Mohammed bin Salman Cyber Security College signs deal with IronNet Cybersecurity

Wednesday, 4 July 2018

Prince Mohammed bin Salman College of Cyber Security, Artificial Intelligence and Advanced Technologies has signed a partnership agreement with IronNet Cybersecurity in Washington. The agreement was co-signed by College's Dean Dr. Abdullah bin Abdulaziz Al-Dahlawi, on behalf of Advisor at the Royal Court Saud bin Abdullah al-Qahtani, and IronNet Cybersecurity CEO Keith Alexander, former Director of US National Security Agency and former Commander of US Cyber Command. Dr. Al-Dahlawi said in a ...

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