Technology News

ZTE’s Hong Kong shares rise after clarification of U.S. bill impact

HONG KONG (Reuters) – Shares of China’s ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer.

South Korea’s Bithumb loses $32 million in digital money heist, bitcoin falls

SEOUL (Reuters) – South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange targeted in just over a week as cyber thieves exposed the high risks of trading the digital asset.

Silicon Valley-style coding boot camp seeks to reset Japan Inc

TOKYO (Reuters) – Barely six months after inaugurating a tiny software-coding boot camp in a basement in Tokyo, Silicon Valley transplant Kani Munidasa stood before some of Japan’s top business leaders in February with a warning: software was threatening their future.

China-based campaign breached satellite, defense companies: Symantec

SAN FRANCISCO (Reuters) – A sophisticated hacking campaign launched from computers in China burrowed deeply into satellite operators, defense contractors and telecommunications companies in the United States and southeast Asia, security researchers at Symantec Corp said on Tuesday.

Mellanox, Starboard settle on new board members

NEW YORK (Reuters) – Chipmaker Mellanox Technologies Ltd struck a settlement with activist investor Starboard Value LP to appoint new board members and name a director if the company fails to meet certain operating goals.

Verizon to stop selling phone location data to third parties

(Reuters) – Verizon Communications Inc will stop selling its customers’ phone location data to third parties after an investigation by a U.S. Senator found law enforcement agencies were able to use the data to track people without their consent.