Singaporean police looking into FT reports on Wirecard

Singaporean police on Monday said they were looking into reports by the Financial Times of alleged financial irregularities at German payments firm Wirecard AG.

from Reuters: Technology News https://reut.rs/2S7blSQ

Singapore police looking into reports of alleged financial irregularities at Wirecard

Singapore police on Monday said it was looking into reports by the Financial Times of alleged financial irregularities at German payments firm Wirecard AG.

from Reuters: Technology News https://reut.rs/2BhdctM

Tencent-backed Maoyan Entertainment makes weak Hong Kong debut

Tencent-backed Maoyan Entertainment, China's biggest movie-ticketing platform by sales, fell 2.7 percent in its Hong Kong stock debut on Monday, the latest in a string of weak starts among Chinese tech firms listing in the financial hub.

from Reuters: Technology News https://reut.rs/2DRhfyD

Tencent-Backed Maoyan opens broadly flat on Hong Kong debut

Maoyan Entertainment, China's top movie-ticketing platform by sales and backed by Tencent, opened near-flat at HK$14.82 ($1.89) on its Hong Kong stock market debut, after raising $250 million in a smaller-than-expected IPO.

from Reuters: Technology News https://reut.rs/2Ga3AF8

Goldman Sachs invests in HSBC-backed fintech app Bud

Goldman Sachs is among the investors in a $20 million fundraising for financial technology firm Bud, the two companies said on Monday, the latest in a series of investments by big global banks seeking to partner with fintechs.

from Reuters: Technology News https://reut.rs/2MOSrdI

A Facebook Crackdown, Amazon Facial Recognition, and More Security News This Week

Hackers use SS7 flaws to rob banks, Japan goes after IoT vulnerabilities, and more security news this week.

from Security Latest http://bit.ly/2WBSZrS

Exclusive: Mobile network operator's body GSMA considers crisis meeting over Huawei

Mobile communications industry body GSMA has proposed a crisis meeting to discuss a plan to ban Huawei 5G equipment in the European Union amid mounting industry concerns that such a move could set operators back by years.

from Reuters: Technology News https://reut.rs/2Rz2zrD

SoftBank's Vision Fund in talks to invest $1.5 billion in Chinese used car platform: sources

The SoftBank-led Vision Fund is in talks to invest up to $1.5 billion in Chinese used car trading platform Guazi.com, two people with knowledge of the matter said.

from Reuters: Technology News https://reut.rs/2G62AlF

FCC faces tough questions from court on net neutrality repeal

A federal appeals court asked pointed questions of the Federal Communication Commission on Friday in hearing a challenge to whether the Trump administration acted legally when it repealed landmark net neutrality rules governing internet providers in December 2017.

from Reuters: Technology News https://reut.rs/2S39qi7

U.S. Energy Department warns staff to avoid foreign recruitment programs

The U.S. Energy Department on Friday told staff they are banned from taking part in foreign recruitment programs as the agency seeks to stop China and other countries from illegally acquiring sensitive research in supercomputing and other technologies.

from Reuters: Technology News https://reut.rs/2G3mHRn

Fed backs Bangladesh as cyber-heist lawsuit kicks off

The Federal Reserve will lend a hand to Bangladesh's central bank as it sues to recoup losses from one of the world's largest cyber heists, even while the Philippine bank targeted by the lawsuit on Friday called it baseless and beyond U.S. jurisdiction.

from Reuters: Technology News https://reut.rs/2t3kvRr

Foxconn vows to build Wisconsin plant after talk with Trump

Foxconn Technology said on Friday it will build a factory in Wisconsin after the company's chairman spoke to U.S. President Donald Trump, following a Reuters report earlier this week that the Taiwanese company was reconsidering its plans.

from Reuters: Technology News https://reut.rs/2S4NVxw

NY Fed to assist Bangladesh in cyber-heist lawsuit

The Federal Reserve, which was tricked three years ago into sending $81 million of Bangladesh's money to unidentified hackers, said on Friday it will formally assist Bangladesh Bank as it sues a Philippine bank to recoup its losses.

from Reuters: Technology News https://reut.rs/2t28prA

Altice gears up for Portugal cable network sale: sources

Debt-burdened telecom carrier Altice Europe is gearing up to sell a stake in its high-speed fiber network business in Portugal, sources familiar with the matter told Reuters, with an auction process expected to kick off within a fortnight.

from Reuters: Technology News https://reut.rs/2DP7SzK