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Reuters


Snap bets on hardware as Facebook threat looms

21 Feb 2017Snap seeks a valuation of up to $22 billion in its early March IPO.

Snapchat's owner bets it can build hot-selling gadgets and ad-friendly software fast enough to stay one step ahead of Facebook.

Toshiba seeks $8.8bn for majority stake in chip unit

21 Feb 2017Toshiba wants to restart the chip unit sale process as soon as possible.

The company wants to restart the sale process of its flash memory chip unit as soon as possible and may sell to multiple buyers.

EU privacy watchdogs worry about Windows 10

21 Feb 2017Microsoft uses data collected through Windows 10 for different purposes, including advertising.

Watchdogs are still concerned about the software's privacy settings despite Microsoft changing the installation process.

Uber hires Holder to probe sexual harassment

21 Feb 2017Former attorney general Eric Holder.

Former US attorney general Eric Holder will conduct a review of sexual harassment claims made by a former Uber employee.

Snap woos sceptical investors in London

21 Feb 2017Snapchat owner Snap has yet to make a profit.

Snapchat's owner aims to persuade London money managers to back its IPO in the face of concerns about its growth prospects.

Amazon to add over 5 000 jobs in Britain

20 Feb 2017Amazon has increased its commitment to Britain in the last year.

The online retailer is set to create over 5 000 jobs in Britain this year, taking its permanent workforce in the country to 24 000.

Samsung chief questioned after night in cell

20 Feb 2017Jay Y Lee's detention is not expected to hamper day-to-day operations at Samsung firms.

Following his arrest for his alleged role in a corruption scandal, Samsung Group chief Jay Y Lee was taken for questioning.

New Zealand court rules on Dotcom extradition

20 Feb 2017Megaupload founder Kim Dotcom.

Internet entrepreneur Kim Dotcom can be extradited to the US to face charges relating to his Megaupload Web site.

Accenture to create 15 000 jobs in US

20 Feb 2017Accenture will invest $1.4 billion to train its employees.

The professional services company will increase its US workforce by 30% to more than 65 000 by the end of 2020.

Watchdogs seek assurances on US data pact

17 Feb 2017The EU-US Privacy Shield is used by almost 2 000 companies.

There are concerns that US president Donald Trump's illegal immigration order will undermine a privacy pact protecting Europeans' data.


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