US arrests two Chinese nationals in $73 million crypto scam
(Reuters) - U.S. authorities charged two Chinese nationals in a cryptocurrency scam that laundered at least $73 million from defrauded victims, the Justice Department said on Friday. U.S. officials arrested Yicheng Zhang in Los Angeles on Thursday,...
May 17, 2024
Canada's Security Intelligence chief warns that China can use TikTok to spy on users, CBC reports
(Reuters) - The head of Canada's Security Intelligence Service warned Canadians against using video app TikTok, saying data gleaned from its users "is available to the government of China," CBC News reported on Friday. "My answer as director of the...
May 17, 2024
DXC Technology tumbles as investors fret over latest restructuring plan
(Reuters) - Shares of DXC Technology slumped 18% on Friday, after the IT services provider unveiled a new revamp and forecast fiscal 2025 revenue and profit below estimates. The latest attempt comes as a sale bid failed last year and exits of top e...
May 17, 2024
US labor board will suspend case against SpaceX pending company's legal challenge
By Daniel Wiessner (Reuters) -The U.S. National Labor Relations Board told a Texas federal judge that it will suspend an administrative case accusing SpaceX of illegally firing engineers critical of CEO Elon Musk while the rocket maker pursues a lawsui...
May 17, 2024
Microsoft plans to release next Call of Duty version on subscription service, WSJ reports
(Reuters) - Microsoft plans to release the coming installment of "Call of Duty" videogame to its subscription service instead of the longtime approach of only selling it à la carte, the Wall Street Journal reported on Friday. The plans are expected...
May 17, 2024
BlackRock CEO sees 'giant issue' for Europe due to AI power needs
ROME (Reuters) - The enormous power supply required by data centres to support artificial intelligence (AI) technologies will create competitive issues among countries and put Europe at a disadvantage, the CEO of BlackRock said on Friday. "It will ...
May 17, 2024
Wipro COO Amit Choudhary quits, business operations head Jain named successor
(Reuters) - India's Wipro said on Friday that its chief operating officer Amit Choudhary is stepping down, with Sanjeev Jain, current global head of business operations named as his successor with immediate effect. This is the second-level senior e...
May 17, 2024
Nigeria court rules Binance executive can face trial on behalf of crypto exchange
By Camillus Eboh ABUJA (Reuters) - A Nigerian court on Friday ruled that Binance executive Tigran Gambaryan can stand trial on behalf of the cryptocurrency exchange in an ongoing tax evasion case. Binance and executives Gambaryan, a U.S. citizen an...
May 17, 2024
CoreWeave raises $7.5 billion debt from Blackstone, others
(Reuters) - Specialized cloud services provider CoreWeave is raising $7.5 billion in debt from financiers led by Blackstone and Magnetar to expand its infrastructure to meet rising artificial intelligence (AI) workloads, it said on Friday. The deal...
May 17, 2024
Factbox-Who is new Prosus and Naspers CEO Fabricio Bloisi?
JOHANNESBURG (Reuters) - Dutch technology investor Prosus and its South African parent group Naspers on Friday named the head of their iFood business, Fabricio Bloisi, as their new CEO, replacing long-time boss Bob van Dijk who stepped down last Se...
May 17, 2024