Microsoft says new breach discovered in probe of suspected SolarWinds hackers
Microsoft (MSFT.O) said on Friday an attacker had won access to one of its customer-service agents and then used information from that to launch hacking attempts against customers.
Deutsche Bank taps Oracle to simplify its IT, cut costs
Deutsche Bank (DBKGn.DE) has tapped software firm Oracle (ORCL.N) to simplify its information technology systems, enabling Germany’s top lender to cut costs, a Deutsche Bank board member said on Thursday.
Siemens raises growth target with digital drive
Siemens (SIEGn.DE) unveiled targets on Thursday to outpace the market by combining its core engineering business with digital expertise in the first strategic blueprint under new Chief Executive Roland Busch.
Alfi Inc shares set to fall from record highs, ‘meme stock’ Torchlight sinks
Shares of software firm Alfi Inc (ALF.O) fell 10% in early deals on Wednesday after more than doubling in value in the previous session, in a move evocative of the so-called “meme stock” frenzy that has gripped equity markets this year.
U.S. Fed reverse repo volume hits record $813.57 bln
The Nasdaq hovered near its all-time high on Wednesday, helped by a boost from Tesla shares, with investors cheering data that showed a record peak for U.S. factory activity in June.
China’s Ant highlights distinction between NFTs and cryptocurrencies
China’s Ant Group sought to draw a distinction on Wednesday between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies currently subject to a crackdown by Beijing, after users expressed confusion.
Central bank digital currencies get full BIS backing
The Bank for International Settlements has given its full backing to the development of central bank digital currencies (CBDCs), saying they are needed to modernise finance and ensure ‘Big Tech’ does not take control of money.
Nasdaq hits record high as factory activity scales new peak
The Nasdaq hit an all-time high on Wednesday, helped by a boost from Tesla’s shares, with investors cheering data showing U.S. factory activity climbed to a record peak in June.
Self-driving startup WeRide deepens ties with Nissan, raises $310 mln
WeRide, a China-based autonomous driving startup, said on Wednesday that it would deepen development with Nissan Motor (7201.T) on autonomous driving technology for the China market as it raised $310 million at a $3.3 billion valuation.
China’s EV maker Xpeng gets approval to list in Hong Kong -source
The listing committee of the Hong Kong Stock Exchange has approved Chinese electric vehicle maker Xpeng Inc (XPEV.N) for a dual primary listing in the Asian financial hub, a source with direct knowledge of the matter told Reuters.
