18 December

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BlackBerry revenue misses on weak demand for cybersecurity, car softwares

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(Reuters) - Canada's BlackBerry Ltd, missed Wall Street estimates for third-quarter revenue on Thursday, hit by poor demand for its cybersecurity products and QNX car software. Surging COVID-19 cases in the Unites States have slowed the pace of auto sales in BlackBerry's biggest market, squeezing demand for the firm's QNX software, which is used by automakers including Volkswagen (DE:VOWG_p), BMW and Ford...

18 December

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EssilorLuxottica shakes up management after power struggle

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PARIS (Reuters) - Rayban maker EssilorLuxottica said on Thursday it has rejigged an executive power sharing arrangement put in place when the company was created by a merger in 2018, promoting two internal managers to the top executive roles. The company, formed by a 46 billion euro ($56 billion) union of France's...

18 December

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Alibaba says it won’t allow its tech to target, identify ethnic groups

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(Reuters) - Alibaba (NYSE:BABA) Group said it will not allow its technology to be used for targeting and identifying specific ethnic groups, following a report that its facial recognition technology can pick out Uighur minorities. Alibaba, in a statement, said it was "dismayed" that Alibaba Cloud developed facial recognition technology that includes ethnicity as an attribute for tagging video...

18 December

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IMF steering committee names Swedish finance minister as next chair

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WASHINGTON (Reuters) - The International Monetary Fund said on Thursday said its steering committee has chosen Swedish Finance Minister Magdalena Andersson as the panel's chair, returning a European to the role for the first time in more than 12 years. Andersson will be the first woman to chair the International Monetary and Financial Committee and will serve a three-year term effective Jan....

18 December

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Northern Ireland to enter six-week COVID-19 lockdown on December 26

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DUBLIN (Reuters) - Northern Ireland will enter a six-week lockdown starting Dec. 26 in a bid to contain a surge in COVID-19 cases, Deputy First Minister Michelle O'Neill announced on Thursday. The British region has been in and out of some form of lockdown since mid-October when it was one of Europe's worst COVID-19 hotbeds. The most recent curbs were lifted last...

18 December

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Suspected Russian hacking spree used another major tech supplier -sources

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By Joseph Menn SAN FRANCISCO (Reuters) - The massive hacking campaign disclosed by U.S. officials this week and tentatively attributed to the Russian government extended beyond users of pervasive network software made by SolarWinds that had been compromised. Another major technology supplier was also compromised by the same attack team and used to get into high-value final targets, according to two people...

18 December

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FedEx Results Beat in Q2; Keeps 2021 Guidance Sidelined

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By Yasin Ebrahim FedEx (NYSE:FDX) reported Thursday second-quarter results that topped expectations, but the shipping giant refrained from providing guidance amid ongoing uncertainty. FedEx shares fell 3% after-hours trade following the report. FedEx announced earnings per share of $4.83 on revenue of $20.60 billion. Analysts polled by Investing.com anticipated EPS of $3.93 on revenue of $19.28 billion. The results were boosted by volume...

18 December

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FDA Advisory Panel Recommends Approval of Moderna’s Covid Vaccine

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Investing.com -- An advisory panel to the Food and Drug Administration recommends approval of Moderna Inc (NASDAQ:MRNA)'s Covid-19 drug, clearing the way for the agency to approve the second vaccine to fight the pandemic. The move, coming a week after the approval of a vaccine developed by Pfizer Inc (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX), marks...

18 December

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Exclusive: Microsoft breached in suspected Russian hack using SolarWinds – sources familiar

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WASHINGTON (Reuters) - Microsoft (NASDAQ:MSFT) was hacked as part of the suspected Russian campaign that has hit multiple U.S. government agencies by taking advantage of the widespread use of software from SolarWinds Corp, according to people familiar with the matter. ...

17 December

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Namibia, Uruguay and U.S. Virgin Islands removed from England’s safe list

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LONDON (Reuters) - England will remove Uruguay, Namibia and the U.S. Virgin Islands from its safe travel corridor list meaning arriving passengers will have to self-isolate from this weekend, British transport minister Grant Shapps said on Thursday. People arriving in England from 4 a.m. Saturday from those destinations will be required to quarantine, he said. "Providing certainty to those travelling over...

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News

BlackBerry revenue misses on weak demand for cybersecurity, car softwares

EssilorLuxottica shakes up management after power struggle

Alibaba says it won’t allow its tech to target, identify ethnic groups

IMF steering committee names Swedish finance minister as next chair

Northern Ireland to enter six-week COVID-19 lockdown on December 26

Suspected Russian hacking spree used another major tech supplier -sources

FedEx Results Beat in Q2; Keeps 2021 Guidance Sidelined

FDA Advisory Panel Recommends Approval of Moderna’s Covid Vaccine

Exclusive: Microsoft breached in suspected Russian hack using SolarWinds – sources familiar

Namibia, Uruguay and U.S. Virgin Islands removed from England’s safe list

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