16 October 2018


  • With the cryptocurrency bubble having gone bust, boosters have resorted to a defense of “blockchain”, the distributed-ledger software underpinning all cryptocurrencies. Photo: Bloomberg

    The big blockchain lie

    - Oct 16, 2018 9:01am
    With the value of Bitcoin having fallen by around 70 percent since its peak late last year, the mother of all bubbles has now gone bust. More generally, cryptocurrencies have entered a not-so-cryptic apocalypse. The value...
  • Canada should avoid the use of Huawei equipment in 5G telecoms networks, two influential US lawmakers wrote in a letter to the Canadian prime minister. Photo: Reuters

    US lawmakers urge Canada to shun Huawei in 5G rollout

    Oct 15, 2018 9:18am
    Two leading US lawmakers urged Canadian Prime Minister Justin Trudeau to consider dropping China’s Huawei Technologies from helping to build next-generation 5G telecoms networks, Reuters reports. Senators Mark Warner, a Virginia Democrat, and Marco Rubio, a...
  • Facebook vowed to "do everything we can to earn users’ trust" after revealing the largest data breach in its history. Photo: Reuters

    Data breach affected 29 mln users, Facebook says

    Oct 15, 2018 9:04am
    Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook said on Friday, claiming that its largest-ever data theft hit fewer than the 50...
  • Alibaba Group’s Jack Ma gestures during a seminar at the International Monetary Fund - World Bank Annual Meeting in Nusa Dua, Bali, on Oct. 12, Photo: Reuters

    Jack Ma to open institute for tech entrepreneurs in Indonesia

    Oct 15, 2018 8:52am
    Alibaba Group co-founder Jack Ma said on Saturday that he plans to open an institute to train thousands of tech entrepreneurs in Indonesia, where he is already an adviser to the government on e-commerce. Ma did...
  • Tencent Music was originally planning to launch its initial public offering as soon as next week. Photo: Bloomberg

    Tencent Music delays US$2 billion US IPO on weak markets: report

    Oct 12, 2018 3:41pm
    Tencent Music Entertainment has delayed its planned US initial public offering (IPO) until at least November, preferring to wait for global stock markets to stabilize, Reuters reports, citing sources. The music arm of tech giant Tencent...
  • Apple has used Dialog's power-management chips to extend the battery life of its iPhones. Photo: Reuters

    Apple gets key iPhone technology in US$600 million Dialog deal

    Oct 12, 2018 9:39am
    Apple Inc. is taking control over the power-management technology at the heart of its iPhones in a US$600 million deal with Dialog Semiconductor, Reuters reports. The agreement to license technology and take on people from the...
  • Alipay said users who have linked their accounts using Apple IDs should lower transaction limits. Photo: Xinhua

    Alipay says stolen Apple IDs behind thefts of users’ money

    Oct 12, 2018 8:39am
    Ant Financial’s Alipay, the operator of one of China’s top two mobile payment apps, said hackers have taken an unknown amount of money from accounts using stolen Apple Inc. IDs, Reuters reports. Alipay said in a post...
  • Chief Executive Carrie Lam said the additional funding will be used to expedite re-industrialization, promote research and development in universities, revamp e-Government services, and encourage innovation in society. Photo: HKEJ

    Lam adds HK$28 billion to innovation and technology funding

    Oct 11, 2018 5:10pm
    Chief Executive Carrie Lam Cheng Yuet-ngor said her administration will allocate HK$28 billion to further promote innovation and technology (I&T) in Hong Kong, the Hong Kong Economic Journal reports. The money will be used to expedite re-industrialization, promote research...
  • A view of Ducatus cafe in Singapore, the first cashless cafe that accepts cryptocurrencies in the city. Singapore authorities are reportedly willing to lend a hand to crypto startups in relation to banking services. Photo: Reuters

    Singapore to help crypto firms set up local bank accounts

    Oct 11, 2018 1:27pm
    The Monetary Authority of Singapore (MAS), the city-state’s central bank and financial regulator, is reportedly working on helping cryptocurrency firms set up local bank accounts and receive banking services. Ravi Menon, managing director of the MAS,...
  • Google is taking renewed aim at the smartphone market with its Pixel 3 devices, but achieving significant scale won’t be easy in an industry segment that is showing signs of stagnation. Photo: Bloomberg

    Can Google Pixel 3 take on other Android flagships?

    - Oct 11, 2018 12:33pm
    Google has been trying to challenge Apple and Samsung in the smartphone market but never really succeeded in taking the business to a scale sufficient enough to make it a significant player in the segment. But the...
  • The CFIUS, which is chaired by the treasury secretary, focuses on Chinese firms seeking to buy US high-end semiconductor makers and other tech companies. Photo: AFP

    US set to tighten rules for Chinese investment in key sectors

    Oct 11, 2018 10:43am
    The US federal government will tighten rules on foreign investment in sensitive industries like technology and telecommunications from next month as it starts to enforce a law aimed at curbing Chinese investment in 27 sensitive sectors,...
  • Market players urged regulators to avoid an “exhaustive and prescriptive list” of rules and instead set principles that allow fintech companies to operate “confidently across borders and enter new markets”. Photo: Reuters

    Data privacy rules spoiling fintech boom, says industry group

    Oct 11, 2018 10:11am
    Data privacy rules in Asia are limiting the spread of financial technology, an industry body said as it called on regulators to set out broad principles rather than precise rules, Reuters reports. Companies around the world...
  • James Murdoch, who is a non-executive director of Tesla, is said to be the frontrunner to take over as the electric carmaker’s chairman. Photo: Bloomberg

    James Murdoch in line to replace Musk as Tesla chairman: FT

    Oct 11, 2018 10:09am
    Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, citing two people briefed on the discussions. But in...
  • Bitcoin’s popularity and the emergence of hundreds of other digital coins or tokens have drawn more hackers into the cryptocurrency space. Photo: Bloomberg

    Cryptocurrency theft tops US$900 mln in Jan-Sept: report

    Oct 11, 2018 9:31am
    Cryptocurrency theft through hacking of exchanges and trading platforms totaled US$927 million in the first nine months of this year, an increase of nearly 250 percent from the level seen in 2017, according to a US-based...
  • The bug, which affected WhatsApp applications on Apple and Android smartphones, was discovered in late August and was fixed by Facebook in early October. Photo: Reuters

    WhatsApp says it has fixed video call security bug

    Oct 11, 2018 9:14am
    Facebook Inc.’s WhatsApp messenger service said it has fixed the latest bug on its platform that allowed hackers to take over users’ applications when they answered an incoming video call, Reuters reports. The announcement follows reports...
  • CVS Health and Aetna said their combination would result in lower healthcare costs for consumers. Photo: Bloomberg

    CVS, Aetna win US approval for US$69 billion deal

    Oct 11, 2018 8:28am
    Pharmacy chain CVS Health Corp. won US antitrust approval for its US$69 billion acquisition of health insurer Aetna Inc., paving the way for a combination with potential to cut US healthcare costs for consumers, Reuters reports. The...
  • New devices for your living room: (clockwise, from left) Facebook's Portal, Google's Home Hub and Amazon's Echo Show. Photo: Reuters/AFP/Amazon

    Tech giants in three-cornered fight to conquer your home

    - Oct 10, 2018 1:01pm
    Facebook has launched a smart speaker that facilitates video calls at home, but it seems it has chosen the wrong time to bring such a product to the market. Following the Cambridge Analytica scandal early this...
  • SoftBank's investment in WeWork could be between US$15 billion and US$20 billion, the Wall Street Journal reported. Photo: Bloomberg

    SoftBank in talks to take majority stake in WeWork: WSJ

    Oct 10, 2018 9:43am
    Japan’s SoftBank Group Corp. is in talks to take a majority stake in shared office space provider WeWork Cos, in what would be one of the largest deals of the past decade’s startup boom, the Wall...
  • Google Pixel 3 and Pixel 3 XL smartphones sit on display during a launch event in New York on Tuesday. Photo: Bloomberg

    Google unveils new Pixel phones, tablet

    Oct 10, 2018 9:41am
    Google on Tuesday unveiled two new Pixel smartphones, a Google Home smart speaker with a display, and its first-ever tablet computer, signaling the firm’s growing ambitions to compete with tech rivals such as Apple and Amazon...
  • Schoolchildren pass by a self-driving GM Bolt electric vehicle during a media event in San Francisco last year. Photo: Reuters

    Self-driving cars may hit US roads in pilot program

    Oct 10, 2018 9:30am
    Fully self-driving cars may be on the fast lane to US roads under a pilot program the Trump administration said it was considering, which would allow real-world road testing for a limited number of the vehicles,...

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