News

Financial Times: Airbus ends talks with Atos on a deal worth ~€1.8B for its big data and security unit, imperiling efforts by Atos to avoid going into debt restructuring  —  Decision adds pressure on indebted French IT services company  — … Read More »Airbus ends talks with Atos on a deal worth ~€1.8B for its big data and security unit, imperiling efforts by Atos to avoid going into debt restructuring (Financial Times)

Sam Rutherford / Engadget: Asus Zenbook Duo review: a sleek design, gorgeous displays, and solid battery life, but pricier than a clamshell and Windows 11 isn’t optimized for two screens  —  You get a ton of extra utility for not… Read More »Asus Zenbook Duo review: a sleek design, gorgeous displays, and solid battery life, but pricier than a clamshell and Windows 11 isn’t optimized for two screens (Sam Rutherford/Engadget)

Kalkidan Yibeltal / BBC: Ethiopia’s central bank says “a glitch” let Commercial Bank customers withdraw more cash than was in the account for hours; local media says $40M+ was withdrawn  —  Ethiopia’s biggest commercial bank is scrambling to recoup large… Read More »Ethiopia’s central bank says “a glitch” let Commercial Bank customers withdraw more cash than was in the account for hours; local media says $40M+ was withdrawn (Kalkidan Yibeltal/BBC)

Casey Hall / Reuters: Source: Ant CEO and Chair Eric Jing says Han Xinyi will become Ant Group president and some units plan to set up their own boards to operate more independently  —  Han Xinyi will become president of… Read More »Source: Ant CEO and Chair Eric Jing says Han Xinyi will become Ant Group president and some units plan to set up their own boards to operate more independently (Casey Hall/Reuters)

Lynn Doan / Bloomberg: Filing: Reddit says Nokia accused the company of infringing some of its patents, and is evaluating Nokia’s claims, ahead of its planned IPO this week  —  Nokia Technologies, the company’s licensing business, sent Reddit a letter… Read More »Filing: Reddit says Nokia accused the company of infringing some of its patents, and is evaluating Nokia’s claims, ahead of its planned IPO this week (Lynn Doan/Bloomberg)

Olivia Poh / Bloomberg: Singapore-based online shopping rewards app ShopBack cuts 195 jobs, or 24% of its staff, to become self-sustainable; ShopBack raised a $200M Series E in 2022  —  ShopBack, an online shopping rewards app backed by Temasek Holdings… Read More »Singapore-based online shopping rewards app ShopBack cuts 195 jobs, or 24% of its staff, to become self-sustainable; ShopBack raised a $200M Series E in 2022 (Olivia Poh/Bloomberg)

Foo Yun Chee / Reuters: At an EU DMA hearing, a Meta lawyer says the company has offered to cut its EU subscription fee from €9.99 to €5.99 per month after discussions with regulators  —  Meta Platforms (META.O) has offered… Read More »At an EU DMA hearing, a Meta lawyer says the company has offered to cut its EU subscription fee from €9.99 to €5.99 per month after discussions with regulators (Foo Yun Chee/Reuters)

Bloomberg: Xiaomi reports Q4 revenue up 11% YoY to ~$10.2B, above ~$10.1B est., net income up 50% YoY to ~$653M, and plans to diversify its business by launching EVs  —  – Revenue and profit beat estimates in sign of market… Read More »Xiaomi reports Q4 revenue up 11% YoY to ~$10.2B, above ~$10.1B est., net income up 50% YoY to ~$653M, and plans to diversify its business by launching EVs (Bloomberg)

Bloomberg: Sources: senior DOJ officials plan to hold closed-door Senate briefings on March 19 and 20 to advance a TikTok divestiture, as opposed to an outright US ban  —  – DOJ wants senators to pass a bill forcing TikTok sale … Read More »Sources: senior DOJ officials plan to hold closed-door Senate briefings on March 19 and 20 to advance a TikTok divestiture, as opposed to an outright US ban (Bloomberg)

Richard Waters / Financial Times: On the first day of his trial, US prosecutors portray Mike Lynch as “a controlling, dominating, intimidating boss” and “driving force behind [a] massive fraud”  —  UK tech entrepreneur finally faces a US jury after… Read More »On the first day of his trial, US prosecutors portray Mike Lynch as “a controlling, dominating, intimidating boss” and “driving force behind [a] massive fraud” (Richard Waters/Financial Times)