Apple is scrambling to fix a serious glitch within its latest Mac operating system. A major flaw in the way the MacOS High Sierra operates means that anyone can gain entry to a computer without the use of a password, obtaining access to powerful administrator rights in the process. Warnings about the bug were shared […]
Read moreThe U.S. Supreme Court on Wednesday takes up a major test of privacy rights in the digital age as it weighs whether police must obtain warrants to get data on the past locations of criminal suspects using cellphone data from wireless providers. The justices at 10 a.m. (1500 GMT) are due to hear an appeal […]
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Geely-Volvo considering making Lynk & Co cars in Belgium, South Carolina, exec says
China’s Zhejiang Geely and its Volvo Cars unit are considering making Lynk & Co. branded vehicles at Volvo plants in Belgium and the U.S. state of South Carolina, a senior Lynk & Co. official told Reuters on Wednesday. The Lynk & Co. brand is jointly owned by Geely and Volvo Cars, and sales of the […]
Read moreGermany’s BMW is talking with other automakers “around the world” to try to find partners to lower the cost of electrifying its future Mini small cars, management board member Peter Schwarzenbauer told Reuters. “We are talking to many OEMs (manufacturers) around the world, not only in China, (about) how to electrify smaller cars,” Schwarzenbauer said. […]
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ECB warns of possible global market correction after excessive risk-taking
The European Central Bank (ECB) warned Wednesday that despite the improved economic growth in the euro area there are concerns related to a sudden increase in volatility. “Systemic stress indicators for the euro area have remained low over the past six months,” the ECB said in a statement on Wednesday, but added that “the risk […]
Read moreEssential founder and CEO Andy Rubin has taken a leave of absence from his new company for “personal reasons” following a report on the circumstances of his 2014 departure from Google. According to The Information, Rubin left Google shortly after an investigation found that he had maintained an “inappropriate relationship” with a woman who worked […]
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As bitcoin passes $10,000, experts consider whether cryptocurrencies will crash or carry on
Bubble, Ponzi, tulip and trouble have been among the words used by crypto-critics over the past year as bitcoin powered from under $1,000 and passed the much talked about $10,000 marker. Despite being talked down by some major financial names, not least JPMorgan CEO Jamie Dimon, it looks like cryptocurrencies could be here to stay. […]
Read moreChina’s Foreign Ministry has expressed what it called “grave concern and opposition” to North Korea’s latest missile launch in an unusual rebuke of its neighbor and ally. Ministry spokesman Geng Shuang said the country hoped “all parties would act cautiously to preserve peace and stability,” Reuters reported on Wednesday morning. The ministry’s spokesman added that […]
Read moreThe London Stock Exchange said its chief executive Xavier Rolet has stepped down and will be replaced by David Warren, chief financial officer, on an interim basis. The exchange also said that its chairman Donald Brydon has indicated he will not stand for re-election at the annual general meeting in 2019. Rolet had already announced […]
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European markets seen mixed after North Korea missile launch; bitcoin surpasses $10,000
European bourses are seen opening mixed on Wednesday morning amid renewed concerns over North Korea’s latest missile launch, while bitcoin surged past $10,000 for the first time. The FTSE 100 is set to open 30 points lower at 7,432; while the DAX is expected to start up by 53 points at 13,113 and the CAC […]
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