Recent Innovation News
NEW YORK Nasdaq Inc has agreed to acquire Sybenetix, a London-based startup that uses artificial intelligence to help compliance officers at asset management firms analyze the behavior of their traders in order to prevent market abuse.
LONDON Amazon has had no problem hiring staff in Britain and plans an extra 450 high tech jobs, its UK boss said, despite the uncertain status of non-British European Union nationals.
Qualcomm Inc fired back in its case against Apple Inc on Monday, accusing its critics of waging a "coordinated effort aimed at misdirecting" trade regulators.
BIRMINGHAM/ LONDON Britain launched a 246 million-pound ($320 million) fund on Monday to boost the development and manufacturing of electric batteries, a major growth area for the car and energy sectors.
The Roomba robotic vacuum has been whizzing across floors for years, but its future may lie more in collecting data than dirt.
NEW YORK Digital currency bitcoin on Friday averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions.
FRANKFURT VEON named former Xerox chief Ursula Burns as its chairwoman on Monday, as the telecoms operator undertakes corporate governance reforms and a makeover as a global online services company.
SINGAPORE Ride-hailing firm Grab expects to raise $2.5 billion to spend extending its lead over Uber Technologies Inc [UBER.UL] and expanding into financial services, in the latest injection of funds into Southeast Asia's burgeoning tech scene.
KUALA LUMPUR CIMB Group Holdings Bhd, Malaysia's second-biggest bank, on Monday said its subsidiary will form an equity joint venture with Ant Financial Services Group, the parent of Alipay, to provide mobile wallet and related financial services.
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.
State of Innovation
The 25 government-funded agencies that top Reuters' second annual ranking are conducting research that private companies can't afford and making scientific discoveries that are launching new industries. Full Article
The educational institutions that top Reuters' second annual ranking prove that in the fast-changing world of science and technology, you can't rest on your laurels. Full article