Google suspends parts of business with Huawei after US ban May 19, 2019 Google has reportedly suspended some parts of its business with Huawei in the latest blow for the troubled Chinese firm. Google will suspend any business requiring the transfer of hardware and software products, except those covered by open source licences, Reuters reported, citing a source close to the matter. Read more: China threatens to strike [...]
HPE buys supercomputer firm Cray for $1.3bn May 17, 2019 Hewlett Packard Enterprise (HPE) has acquired US supercomputer manufacturer Cray in a huge takeover deal worth roughly $1.3bn (£1bn). HPE said it has signed a deal to buy the Seattle-based firm for $35 per share in cash, a premium on its closing price yesterday of $29.81. Read more: Ex-HP boss 'did not read all Autonomy [...]
Cyber criminals face travel bans and freeze on assets under new EU sanctions May 17, 2019 Cyber criminals will be hit with tough new sanctions under a new regime agreed today by EU member states. Read more: Being 95 per cent cyber-secure just isn’t good enough Attackers will be given travel bans and have their assets frozen as governments roll out new measures to crackdown on the rising problem of cyber [...]
Just Eat shares fall after Amazon leads $575m investment round in rival Deliveroo May 17, 2019 Just Eat shares fell eight per cent this morning after Amazon led a $575m (£450m) investment round in rival Deliveroo. Read more: Deliveroo to 'invest heavily' in London tech with Amazon's £450m Just Eat's shares dropped 8.3 per cent to 621p in early trading after the fund raising. Analysts at Peel Hunt said that the Amazon [...]
Amazon leads £450m Deliveroo funding round as startup expands London tech team May 17, 2019 Deliveroo today confirmed Amazon is leading a $575m (£450m) funding round in the food delivery business as it plans to expand its London engineering team with some of the cash. Read more: Amazon in talks to invest millions in Deliveroo The round, including money from existing investors T Rowe Price, Fidelity Management and Greenoaks, takes [...]
Amazon in talks to invest £450m in Deliveroo May 16, 2019 Amazon is in talks to invest hundreds of millions of pounds in Deliveroo giving the food delivery app a boost as it takes on takeaway rival Uber Eats. The internet retailer will announce a deal to back Deliveroo as part of a $575m (£450m) funding round which is expected to be revealed in the coming days, [...]
Former Apple retail head Angela Ahrendts appointed to Airbnb’s board May 16, 2019 Airbnb has beefed up its board of directors with the appointment of Angela Ahrendts, former head of retail at Apple. Ahrendts, who is also a former chief executive of luxury fashion house Burberry, will become an independent board member alongside ex-American Express boss Ken Chenault and former Pixar finance chief Ann Mather. She resigned from Apple [...]
China threatens to strike back after US Huawei ban May 16, 2019 China has threatened to retaliate against the US after President Donald Trump signed an executive order effectively blocking American companies from working with telecoms firm Huawei. Foreign ministry spokesperson Lu Kang slammed the use of unilateral sanctions on Chinese firms and said the country would take action. Read more: Former spy chief calls for UK [...]
Accounting software firm Xero grows revenue thanks to strong UK performance May 16, 2019 Accounting software company Xero has posted a sharp rise in revenue for the full year, boosted by strong subscriber growth in the UK. Read more: Financial app store provider OpenFin backed in $17m funding round The figures Operating revenue soared 36 per cent to 552.8m New Zealand dollars (£267.9m) in the year to the end [...]
Huawei poses a risk to national security and should be banned, says former spy chief May 16, 2019 Allowing Chinese tech firm Huawei to participate in the UK’s 5G network poses an unnecessary risk to national security, the former head of MI6 has warned. Sir Richard Dearlove has called for a total ban on Huawei, warning that no Chinese company could be free from the influence of the communist state. Read more: Huawei [...]
