T-Mobile Says It Found Unauthorized Access To Data
T-Mobile US Inc (TMUS.O) on Monday acknowledged a data breach but said it was yet to find if any customer information has been compromised, a day after an online forum…
Beijing Takes Stake, Board Seat In ByteDance’s Key China Entity – The Information
The Chinese government has taken a stake and a board seat in TikTok owner ByteDance’s key Chinese entity, Beijing ByteDance Technology, The Information reported on Monday, citing corporate records and…
Roblox Bookings Miss Wall St Target As Easing Curbs Hurt Online Games
Roblox Corp’s (RBLX.N) quarterly bookings missed market expectations on Monday, as easing restrictions slowed the pandemic-fueled surge in spending for its games including “Jailbreak” and “MeepCity”, sending its shares down…
Analysis: Decentralised Finance: Latest Front In Crypto’s Hacking Problem
For most of the 13-year life of cryptocurrencies, exchanges were the epicentre for cyberheists. Now, a bigger hacking risk in the growing sector has exploded into view: peer-to-peer crypto platforms.…
Finnfund Backs Telecom Infrastructure Provider With Debt
Finnish development finance institution Finnfund is backing Bandwidth and Cloud Services Group (BCS), a telecom infrastructure provider that operates in several African countries, with debt capital of $12 million. BCS…
International Investors Lead F Intech Startup Moove’s Series A
Moove, Nigerian based mobility fintech startup raises $23m Series A funding to help it expand swiftly. Founded in 2019 by Ladi Delano and Jide Odunsi, who have built three other…
Investment In Data Centre To Hit $174bn By 2023 — Schneider Electric
Schneider Electric, weekend, disclosed that investment in the data centre would hit $174 billion by 2023 following increasing demand. The company, which called for more investment, stated that the disruptive…
81% Of Women Entrepreneurs In Middle East, Africa Own Digital Businesses
Despite the gender gap and social challenges, entrepreneurial women across the world and in the Middle East and Africa (MEA) are leading the way in tapping into the power of…
Crypto Platform Poly Network Rewards Hacker With $500,000 ‘Bug Bounty’
Poly Network, the cryptocurrency platform which lost $610 million in a hack earlier this week, confirmed on Friday it had offered the hacker or hackers a $500,000 “bug bounty”. In…
U.S. House Members Introduce Bill Targeting Apple And Google App Stores
A Republican and a Democratic member of the U.S. House of Representatives introduced a bill aimed at reining in powerful app stores run by companies like Apple Inc (AAPL.O) and…
Tesla’s Musk Hopes To Make First Cars At Berlin Plant In Oct
Tesla (TSLA.O) hopes to make the first cars at its “Gigafactory” in Gruenheide, near Berlin, in October or soon afterwards, Chief Executive Elon Musk said on Friday. Tesla has pushed…
FinTech Raises N11.5bn Series ‘A’ Funding To Address Vehicle Financing Gap In Africa
Moove, an African mobility fintech, has raised $23 million Series ‘A’ funding, led by Speedinvest and Left Lane Capital, with participation from DCM, Clocktower Technology Ventures, among others. This brings…
Instagram Unveils New Tools To Reduce Abuse, Racist Comments
Instagram on Wednesday announced new measures to curb abusive and racist content on the image-centric social network, following an onslaught of hateful comments directed at UK footballers after the Euro…
Computer Security Firm Norton Buys Avast For Over $8bn
US cybersecurity giant NortonLifeLock is to buy Czech rival Avast for over $8 billion to create a leading consumer business, the pair announced Wednesday after the pandemic fuelled online activity.…
Experts Weigh Costs As Federal Government Plans To Unban Twitter
The Federal Government has hinted at a possible resolution to the suspension of micro-blogging platform, Twitter in Nigeria. Minister of Information and Culture, Lai Mohammed, disclosed this while briefing newsmen…
Airbnb Shares Fall After Company Reports Revenue Jump Of 300% But Warns About Delta
Airbnb’s stock on Thursday fell more than 4% after the company reported its second-quarter earnings. The company beat Wall Street’s expectations for revenue and bookings but warned about expected volatility…
After Firing Manager Accused Of Sexual Assualt, Alibaba Pledges ‘Zero-Tolerance’ With New Measures
Alibaba has introduced a series of measures designed to prevent sexual harassment and assault. The move comes after a female employee accused her supervisor Wang Chengwen and a client of…
More Than $600 Million Stolen In What Is Likely To Be One Of The Biggest Cryptocurrency Thefts Ever
More than $600 million has been stolen in what’s likely to be one of the biggest cryptocurrency thefts ever. Hackers exploited a vulnerability in Poly Network, a platform that looks…
Semiconductor Veteran Confirms He’s Part Of A £300 Million Plan To Buy The United Kingdom’s Largest Chip Plant Back Off China
Semiconductor veteran Ron Black, the former CEO of the U.K.’s Imagination Technologies which used to design chips for Apple, is among a consortium that is interested in buying the country’s…
More Than $600 Million Stolen In What Is Likely To Be One Of The Biggest Cryptocurrency Thefts Ever
More than $600 million has been stolen in what’s likely to be one of the biggest cryptocurrency thefts ever. Hackers exploited a vulnerability in Poly Network, a platform that looks…
Lenovo Q1 Profit More Than Doubles, Beats Expectations
China’s Lenovo Group Ltd (0992.HK), the world’s biggest maker of personal computers, on Wednesday posted a better-than-expected jump in first-quarter profit as COVID-19 curbs continued to spur work-from-home demand. Profit…
Facebook Removes Russian Network That Targeted Influencers To Peddle Anti-vax Messages
Facebook (FB.O) said on Tuesday it had removed a network of accounts from Russia that it linked to a marketing firm which aimed to enlist influencers to push anti-vaccine content…
SoftBank Unit Behind Risky Multibillion-Dollar Tech Bets Dumps Microsoft, Facebook, Alphabet And Netflix Shares
SoftBank has offloaded shares of U.S. tech giants like Facebook, Microsoft, Alphabet and Netflix, according to its latest financial report released on Tuesday. The Tokyo-headquartered conglomerate invests in publicly listed…
Digital Economy: Cloud Computing Offers Fresh Vista
Nigeria has never hidden its resolve to leverage emerging digital technologies to transform the economy.The Economic Recovery and Growth Plan (ERGP) launched in April 2017 demonstrated this resolve by recognising…
Australian Startup Dovetail Set For Expansion As Valuation Hits $100 Mln
Australian customer analytics startup Dovetail wants to almost triple its staff and open an office in the United States after a funding round that raised its valuation fivefold to over…
Samsung Leader Jay Y. Lee Granted Parole, To Leave Prison On Friday
Samsung Electronics (005930.KS) vice chairman Jay Y. Lee, in jail after convictions for bribery, embezzlement and other charges, has qualified for parole and is expected to leave prison this Friday,…
S.Korea’s Krafton, Maker Of Hit Game ‘PUBG’, Tumbles On Debut
Shares in Krafton Inc (259960.KS), the Tencent Holdings-backed (0700.HK) South Korean company behind blockbuster video game “PlayerUnknown’s Battlegrounds” (PUBG), fell as much as 20% from their IPO price on their…
Apple Says Photos In iCloud Will Be Checked By Child Abuse Detection System
Apple Inc (AAPL.O) on Monday said that iPhone users’ entire photo libraries will be checked for known child abuse images if they are stored in the online iCloud service. The…
Deliveroo Shares Rise After German Rival Takes Stake In The Business
Shares of food delivery firm Deliveroo climbed over 10% Monday after the company announced larger German rival Delivery Hero has taken a 5.09% stake in the business. The firm’s stock…
Southeast Asia’s Tech Start-Ups Could be valued at $1 trillion By 2025, VentuCapital Firm Predict
Southeast Asia’s technology start-ups had a combined valuation of $340 billion last year and that figure may jump more than threefold by 2025, according to Jungle Ventures. Over the next…