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Madrid asks anti-trust watchdog to probe Uber's new airport service

MADRID Authorities in Madrid asked Spain's anti-trust watchdog on Saturday to investigate whether Uber's new low-cost airport transfer service constitutes unfair competition.

Recent Technology News

Kenya's latest mobile phone bond falls short of target

NAIROBI An innovative Kenyan bond which is bought via mobile phone had raised far less than the 1 billion shillings ($9.6 million) targeted on Friday, failing to match a previous success.

Africa Jul 21 2017

Half of German companies hit by sabotage, spying in last two years, BSI says

BERLIN More than half the companies in Germany have been hit by spying, sabotage or data theft in the last two years, the German IT industry association Bitkom said on Friday, and estimated the attacks caused around 55 billion euros' worth of damage a year.

Cybersecurity Jul 21 2017

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.

Jul 21 2017

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.

Deals, Jul 21 2017

LVMH's Louis Vuitton launches e-commerce website in China

PARIS French fashion brand Louis Vuitton, part of luxury giant LVMH , said on Friday it had launched an e-commerce website in China to tap a booming online shopping market.

Jul 21 2017