Technology 

My journey from British army to cyber-security expert

BBC Click talks to Phill Kimpton who had depression after leaving the British army after years of military service. He became fascinated by IT security and says working to prevent cyber-attacks gave him a new purpose in life and filled the void he was left with on leaving the army. “Coming from the military and having that experience with physical security, I soon realised that with some technical aptitude and learning, that I could also map that over to the industry in IT security where I’m at now,” he said.…

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India’s Flipkart Group fashion unit chief denies he is quitting

MUMBAI (Reuters) – The chief of Flipkart Group’s Myntra-Jabong fashion business on Friday denied a media report that he will quit after a reshuffle in the ranks following the ouster of group CEO Binny Bansal. The logo of Flipkart is seen on the company’s office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa “I’m very excited about Myntra,” Ananth Narayanan, the CEO of the business, told Reuters in an interview. “I certainly intend to continue.” But he did say that there would be some job cuts in the Jabong…

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EU executive poised to propose tariffs on Chinese e-bikes

BRUSSELS (Reuters) – The European Commission is set to propose final duties to curb cheap imports of Chinese electric bicycles that European producers say are benefiting from unfair subsidies and flooding the European Union market. FILE PHOTO – A man rides an electric bicycle, also known as an e-bike, in downtown Milan, Italy, May 18, 2018. REUTERS/Stefano Rellandini The Commission, which is investigating on behalf of the 28 EU members, believes that definitive or final tariffs of between 18.8 and 79.3 percent should apply for all e-bikes coming from China,…

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T-Mobile says Sprint deal may close as early as first-quarter next year

(Reuters) – T-Mobile US Inc’s TMUS.N Chief Financial Officer said there is a possibility that its $26 billion acquisition deal of Sprint Corp (S.N) will close as early as the first quarter of 2019. FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration T-Mobile, majority owned by Deutsche Telekom AG (DTEGn.DE), agreed in April to buy wireless carrier Sprint and the deal was initially expected to close in the first half…

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Technology 

BlackBerry to buy cybersecurity firm Cylance for $1.4 billion

FILE PHOTO: A sign is displayed on the building Blackberry’s offices in Waterloo, Ontario, Canada, May 29, 2018. REUTERS/Mark Blinch (Reuters) – BlackBerry Ltd raised its bets on artificial intelligence and cybersecurity on Friday with the $1.4 billion purchase of California-based machine-learning specialists Cylance. The Canadian technology company, which dominated the smartphone market a decade ago, has shifted to selling software to manage mobile devices, as well as emerging areas like autonomous cars. Privately owned Cylance uses machine learning to preempt security breaches before they occur. Its applications seek to…

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‘Crypto hangover’ hammers Nvidia’s outlook, shares drop 17 percent

(Reuters) – Chip designer Nvidia Corp (NVDA.O) on Thursday forecast disappointing sales for the holiday quarter, pinning the blame on unsold chips piling up with distributors and retailers after the evaporation of the cryptocurrency mining boom. FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo The Santa Clara, California-based company also posted sales that missed expectations for its third quarter. Shares plunged nearly 17 percent in late trading to $168.32. For decades, Nvidia has supplied…

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Supply glut mars Turing effect for Nvidia shares

(Reuters) – Worries about how fast the computing world will transition to Nvidia Corp’s (NVDA.O) next generation “Turing” graphic chips helped knock 20 percent off the value of its shares on Friday, after results pointed to a huge glut of unsold older generation chips. FILE PHOTO – The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith The world’s biggest maker of graphics cards for computer gaming pinned the blame for a disappointing holiday forecast on unsold “Pascal” chips piling…

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Volkswagen to spend 44 billion euros on electric, autonomous cars by 2023

WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) on Friday said it will spend 44 billion euros on electric cars, digitalization, autonomous driving and new mobility services by 2023 as part of a push by Europe’s largest carmaker to mass produce electric cars. The carmaker also plans to increase productivity of its factories by 30 percent by 2025, by building more vehicles with different brands on the same production line, it said. This will help lower the carmaker’s capital expenditure ratio at the group’s automotive division to six percent of revenues from…

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VW says could build up to 15 million electric cars

FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/File Photo FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) could build up to 15 million electric cars over several years on its new electric vehicle production platform, the company said on Friday, adding that its Chief Executive Herbert Diess had misspoken in an interview on Monday. Automotive News on Monday quoted Diess as saying that VW could build 50 million electric vehicles globally across its brands, beginning in 2020, and had battery sourcing agreements…

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European chipmakers see new growth drivers to weather volatile demand

BARCELONA (Reuters) – European chipmakers tried to play down market concerns about a potential slowdown in global demand at an investor conference in Barcelona this week, striking an upbeat tone on orders from car and smartphone makers. Recent price falls due to weaker demand for memory chips and a build-up of inventory levels have led some analysts to note the risk of a potential downturn in the global semiconductor industry. U.S.-based Nvidia became the latest semiconductor maker to warn on sales on Thursday, blaming unsold chips piling up with distributors…

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