News highlights – August 17

Written by on August 18, 2016 in News with 0 Comments

News highlights for August 17

Cyber attackHackers claim to have stolen cyberweapons from NSA, demand 1 million Bitcoin in exchange

A hacking group called The Shadow Brokers claims to have acquired hacking tools from a group linked to the US National Security Agency (NSA), and is now asking for 1 million Bitcoin (about $568 million) in an auction in exchange for the information. Read more…

Temporary tattoo can control your phone

Scientists at the MIT Media Lab and Microsoft Research have designed metallic body art that can control and communicate with electronic devices, such as smartphones or laptops. Read more…

Cisco to cut about 5,500 jobs, not 14,000 as previously reported

(Reuters) – Cisco Systems Inc reported a 2 percent drop in quarterly revenue and said it would lay off up to 5,500 employees, or nearly 7 percent of its workforce, as the world’s largest networking gear maker struggles with sluggish demand for its main switching and routing business.

However, the company’s net profit rose to $2.81 billion, or 56 cents per share, in the fourth quarter ended July 30, from $2.32 billion, or 45 cents per share, a year earlier. Technology news site CRN, citing sources close to the company, reported on Tuesday that Cisco planned to lay off about 14,000 employees, or nearly 20 percent of its workforce. Read more…

Microsoft adds finger drawing in updates to iOS apps

Microsoft has introduced a drawing feature among the latest updates to the Word, Excel and PowerPoint applications for iOS. Users can now use their fingers to draw and erase on their screens, with varying pressures producing different results. Read more…

Rise of the machines: Chinese investors flock to robo-advisors

HONG KONG/SHANGHAI (Reuters) – Tired of spending hours at her Beijing bank discussing her finances and a myriad of investment options with her account manager, Lauren Ma turned to Lingji, a phone app that pre-selects a range of assets and trades for her automatically. Read more…

Banks miss out as Chinese firms do DIY deal advice

HONG KONG (Reuters) – When ride-hailing firm Didi Chuxing agreed to buy Uber Technologies Inc’s China unit this month, creating a $35 billion business, both firms used in-house advisory teams, meaning the investment banks that normally advise on these deals missed out on an estimated $60 million in fees. Read more…

China’s Alipay deepens push into Europe with Ingenico partnership

PARIS (Reuters) – Ingenico Group has signed a deal with Alipay, China’s biggest online-payments platform, that will allow Chinese consumers to use the mobile payment app widely across Europe, the French company said. The agreement, signed on Wednesday, marks an opportunity for Alipay, a unit of Chinese e-commerce giant Alibaba, to deepen its mobile-payment push into Europe. Read more…

Samsung Electronics shares trade at new record intraday high

SEOUL (Reuters) – Shares of South Korean tech giant Samsung Electronics Co Ltd traded at a new intraday record of 1.585 million won ($1,433.73) per share in early trade on Thursday, buoyed by hopes for continued earnings recovery.

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