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Uber inadvertently underpaid New York City drivers for over two years

(Reuters) – Uber Technologies Inc [UBER.UL] said on Tuesday it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars. Source
Posted On 24 May 2017

Pace of Gulf tech deals heats up as Emaar buys Namshi stake

DUBAI/BERLIN (Reuters) – Emaar Malls will buy a 51 percent stake in e-commerce fashion website Namshi from Global Fashion Group, a firm backed by Rocket Internet, for $151 million, a sign of growing demand for tech deals in the Middle East. Source
Posted On 24 May 2017

Apple and Nokia see deeper partnership after ending patent dispute

HELSINKI (Reuters) – Apple has settled a patent dispute with Finnish telecom equipment maker Nokia and agreed to buy more of its network products and services, sending Nokia shares up 7 percent. Source
Posted On 24 May 2017

Wearable tech latest must-have for China’s proud pet owners

HONG KONG (Reuters) – Electronic device makers such as Hong Kong-listed SUGA and other start-ups are looking to cash-in on a boom in China in so-called pet wearables, like smart collars, leashes and feeders. Source
Posted On 24 May 2017

Microsoft to buy cyber security firm Hexadite for $100 million: report

JERUSALEM (Reuters) – Microsoft has agreed to acquire cyber security firm Hexadite for $100 million, Israeli financial news website Calcalist reported on Wednesday. Source
Posted On 24 May 2017

Battle hardened eastern European tech entrepreneurs draw global interest

PRAGUE (Reuters) – Tech entrepreneurs in central and southeastern European, many of whom already have experience of launching their own businesses, are now having more success at enticing global investors the second time around. Source
Posted On 24 May 2017

Symantec says ‘highly likely’ North Korea group behind ransomware attacks

SAN FRANCISCO (Reuters) – Cyber security firm Symantec Corp said on Monday it was “highly likely” a hacking group affiliated with North Korea was behind the WannaCry cyber attack this month that infected more than 300,000 computers worldwide and disrupted...
Posted On 23 May 2017

U.N.’s North Korea sanctions monitors hit by ‘sustained’ cyber attack

UNITED NATIONS (Reuters) – United Nations experts investigating violations of sanctions on North Korea have suffered a “sustained” cyber attack by unknown hackers with “very detailed insight” into their work, according to an email warning seen by...
Posted On 23 May 2017

Google AI beats Chinese master in ancient game of Go

BEIJING (Reuters) – A Google artificial intelligence program defeated a Chinese grand master at the ancient board game Go on Tuesday, a major feather in the cap for the firm’s AI ambitions as it looks to woo Beijing to gain re-entry into the country. Source
Posted On 23 May 2017

Apple and Nokia settle patent dispute and sign new deal

HELSINKI (Reuters) – Nokia has settled its legal battle with Apple with a new patent license agreement and also signed a business deal with the U.S. giant, surprising investors who had expected the dispute to drag on. Source
Posted On 23 May 2017