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  • Biggest Diamond in More Than a Century Sells for $53 Million

    September 25, 2017 10:12 PM 5

    Lucara Diamond Corp. finally sold the biggest diamond found in more than a century. The 1,109-carat Lesedi La Rona diamond was sold for $53 million, or $47,777 a carat, to Graff Diamonds, Lucara said Monday in a statement. The Lesedi La Rona, or “our light” in the Tswana language spoken in Botswana, went unsold at a Sotheby’s auction in London last year. It had been expected

  • Satya Nadella aims to make Microsoft mighty

    September 25, 2017 8:21 PM 7

    Satya Nadella, the Microsoft CEO who kept the company relevant as its primary PC software business faded, could write a book about the challenges he faced. And he has ... but it's not a tell-all memoir. Instead, Nadella, who has worked at the company since the early 1990s, has positioned himself as the embodiment of the story Microsoft wants to tell about

  • Microsoft Wants to Save the World With Quantum Computing

    September 25, 2017 3:29 PM 5

    Microsoft—like IBM and Google—sees huge opportunities (and challenges) in bringing quantum computing to bear on the world’s biggest problems. Whereas a conventional computer stores information as “bits” in two states—1 equaling “on” or 0 as “off”—a quantum computer uses “qubits” to hold multiple states at the same time, thus unleashing the weird of quantum

  • Google accepts that it served ads on ad-free service YouTube Red

    September 25, 2017 3:07 PM 7

    YouTube Red was started by Google as a paid streaming subscription service similar to the Netflix Technology giant Google has admitted that it was giving advertisements on YouTube Red, which was promised to be an ad-free service. The company has blamed technical faults for such ads on YouTube's premium service. YouTube Red was started by Google as a paid streaming

  • 'Unfit' Uber stripped of London license

    September 22, 2017 3:47 PM 5

    LONDON (Reuters) - London deemed Uber unfit to run a taxi service on Friday and stripped it of its license to operate from the end of next week in a major blow to the U.S. firm and 3.5 million users in one of the world’s wealthiest cities. The capital’s transport regulator said the Silicon Valley technology giant’s approach and conduct was not fit and proper

  • Uber stripped of London license, plans to appeal

    September 22, 2017 2:27 PM 7

    LONDON (Reuters) - London stripped Uber on Friday of its license to operate from the end of next week in a huge blow to the taxi service and 3.5 million users in one of the world’s wealthiest cities. The capital’s transport authority said the Silicon Valley technology giant was not fit and proper to hold a private vehicle hire license and it would not be renewed

  • Africa: Afreximbank to Mobilise U.S.$1 Billion for Region's Trade

    September 22, 2017 11:51 AM 5

    Multilateral trade financier African Export-Import Bank (Afreximbank) is seeking to mobilise up to $1 billion in equity from new and existing investors over the next five years to finance more trade deals on the continent. The bank hopes to disburse $90 billion for industrialising Africa, boosting trade among countries as well as with the world in an era of rising

  • Uber has lost its licence to operate in London

    September 22, 2017 11:34 AM 4

    Uber has lost its licence to operate in London, the capital's transport regulator has said. Transport for London (TfL) announced that Uber would not be issued with a private hire operator's licence once its current licence is up on 30 September. It's a major blow for the ride-hailing company, which is hugely popular among Londoners. The city is its biggest

  • Early movers: GOOGL, TSLA, AMD, APRN, EFX, AMZN, AAPL & more

    September 21, 2017 8:28 AM 12

    Google: Alphabet subsidiary Google announced late Wednesday that it signed a $1.1 billion cooperation agreement with Taiwanese smartphone maker HTC to bolster its smartphone and emerging hardware business. Under the agreement, Google will acquire a team of HTC employees, many of whom have worked with the company on its Pixel smartphone. As part of the transaction

  • Google and HTC enters a $1.1 billion cooperation agreement

    September 21, 2017 7:30 AM 3

    Google and HTC Corporation has entered into a definitive agreement under which certain HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. HTC will receive USD 1.1 billion in cash from Google as part of the transaction. Separately, Google will receive a non-exclusive license for HTC intellectual