Arista loses bid to lift import ban in Cisco battle The U.S. government on Thursday dealt Arista Networks Inc a loss in its technology dispute with Cisco Systems Inc and refused to set aside an order blocking importation of some of Arista’s network switches. The U.S. International Trade Commission refused […]
Private equity bid for Paysafe stokes payments M&A boom Private equity firms Blackstone and CVC Capital Partners [CVC.UL] joined a rush to snap up payments companies on Friday with a 2.9 billion pound ($3.7 billion) bid for Paysafe Group. Britain’s Paysafe, which offers pre-paid cashcards and online wallets, said separately […]
LVMH’s Louis Vuitton launches e-commerce website in China French fashion brand Louis Vuitton, part of luxury giant LVMH (LVMH.PA), said on Friday it had launched an e-commerce website in China to tap a booming online shopping market. Louis Vuitton, which opened its first store in Beijing in 1992, said the […]
Vodafone beats expectations with ‘robust’ performance Vodafone, the world’s second largest mobile operator, reported better-than-expected 2.2 percent revenue growth in its first quarter, reflecting a robust performance in Italy and Spain and an acceleration in demand in Turkey. The British company said the increase in organic service revenue, which beat […]
Snap under pressure as Wall Street eyes share lock-up expirations A potential flood of newly available Snap shares is weighing on Wall Street’s already shaky support for the owner of the Snapchat social media app. Snap’s (SNAP.N) shares fell as much as 1.7 percent on Thursday as analysts focused on […]
LG Chem to provide Apple’s iPhone batteries next year: Korea Economic Daily South Korea’s LG Chem Ltd is slated to exclusively provide batteries for Apple’s iPhone 9 which is likely to be launched next year, a Korean newspaper reported on Friday. LG Chem has invested hundreds of billions of won […]
Moscow in talks with U.S. to create cyber working group: RIA report Moscow and Washington are in talks to create a joint cyber security working group, Russia’s RIA news agency reported on Thursday, citing Andrey Krutskikh, a special presidential envoy on cyber security. “The talks are underway … different proposals […]
Musk touts approval of New York-Washington ‘hyperloop’ Tech entrepreneur Elon Musk on Thursday said he had received “verbal” approval to start building an ultra-high-speed underground transport system linking New York and Washington that would cut travel time between the cities to about half an hour. He offered no details on […]
U.S. Justice Department shuts down dark web bazaar AlphaBay The U.S. Justice Department said on Thursday it had shut down the dark web marketplace AlphaBay, working with international partners to knock offline the site accused of allowing a global trade in drugs, firearms, computer hacking tools and other illicit goods. […]
Amid VPN crackdown, China eyes upgrades to Great Firewall A Chinese telecoms carrier said it had begun closing virtual private networks (VPNs) and other tools that can bypass the so-called Great Firewall, which state authorities use to filter and block traffic between Chinese and overseas servers. A spokesman for Guangzhou […]
