Chief tech correspondent, Europe, Mideast & Africa, Frankfurt
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Nov 9, 2015

Iran cyberspy group hit in coordinated European raids

FRANKFURT (Reuters) – European authorities have taken action to shut down a cyber espionage operation linked to Iran’s powerful Revolutionary Guard in the first operation of its kind since Tehran signed a nuclear treaty, according to security researchers who located computers used to launch attacks.

The hacker group – dubbed “Rocket Kitten” by security experts who have been hunting the hacker group since early 2014 – has mounted cyberattacks on high-profile political and defense figures globally since that time.

Nov 6, 2015

WorldRemit in talks on mobile money-transfer deals

DUBLIN (Reuters) – Free chat and calling apps that keep migrant workers in contact with family members back home are transforming the money transfer business and online remittance provider WorldRemit is seeking partnerships to capitalise on this trend, its chief executive said.

Ismail Ahmed, a Somalia-born entrepreneur who heads UK-based WorldRemit, said he’s talking to communication providers such as Facebook’s WhatsApp, Microsoft’s Skype or Rakuten’s Viber to help send money to families abroad. WorldRemit, one of Britain’s fintech start-ups, has held talks with several messaging providers and aims to close deals next year, he told Reuters.

Nov 3, 2015

Messaging software firm Slack plans mass-media push to boost growth

DUBLIN, Nov 3 (Reuters) – Slack, the group messaging
platform valued at nearly $3 billion, plans to accelerate its
growth by spending some of its $250 million cash pile on
mass-market advertising, founder and CEO Stewart Butterfield
said.

“We are switching from trying to keep up with growth to
trying to generate growth,” Butterfield said in an interview at
Web Summit, Europe’s biggest conference for start-ups.

Nov 3, 2015

Activision Blizzard buys ‘Candy Crush’ maker for $5.9 billion in mobile push

DUBLIN (Reuters) – Video game maker Activision Blizzard (ATVI.O: Quote, Profile, Research, Stock Buzz) is to buy “Candy Crush Saga” creator King Digital Entertainment (KING.N: Quote, Profile, Research, Stock Buzz) for $5.9 billion, as the heavyweight of console and PC gaming makes a major push into the faster-growing mobile market.

The deal would be one of the biggest in the industry in recent years, more than twice the size of Microsoft’s (MSFT.O: Quote, Profile, Research, Stock Buzz) $2.5 billion purchase of “Minecraft” maker Mojang last year, and the biggest-ever acquisition of a mobile gaming company.

Nov 3, 2015

Activision Blizzard to buy ‘Candy Crush’ maker King for $5.9 billion

DUBLIN (Reuters) – Video game maker Activision Blizzard (ATVI.O: Quote, Profile, Research) it to buy “Candy Crush Saga” creator King Digital Entertainment (KING.N: Quote, Profile, Research) for $5.9 billion, as the heavyweight of console and PC gaming makes a major push into the faster-growing mobile market.

The deal would be one of the biggest in the industry in recent years, more than twice the size of Microsoft’s (MSFT.O: Quote, Profile, Research) $2.5 billion purchase of “Minecraft” maker Mojang last year, and the biggest-ever acquisition of a mobile gaming company.

Nov 3, 2015

Activision Blizzard to buy “Candy Crush” maker King for $5.9 bln

DUBLIN, Nov 3 (Reuters) – Video game maker Activision
Blizzard it to buy “Candy Crush Saga” creator King
Digital Entertainment for $5.9 billion, as the
heavyweight of console and PC gaming makes a major push into the
faster-growing mobile market.

The deal would be one of the biggest in the industry in
recent years, more than twice the size of Microsoft’s
$2.5 billion purchase of “Minecraft” maker Mojang last year, and
the biggest-ever acquisition of a mobile gaming company.

Oct 29, 2015

STMicro pares back manufacturing, cuts Q4 outlook

FRANKFURT/PARIS, Oct 29 (Reuters) – Franco-Italian chipmaker
STMicroelectronics on Thursday posted
weaker-than-expected quarterly results and said lower spending
in China, especially on autos, had led it to cut back its
manufacturing plans and reduce its fourth-quarter outlook.

Europe’s largest semiconductor maker reported third-quarter
net revenue of $1.76 billion (1.61 bln euros), a decline of 6.5
percent from the year-ago quarter. Analysts were looking for
revenue, on average, of $1.81 billion, according to Thomson
Reuters I/B/E/S.

Oct 23, 2015

TalkTalk cyberattack: who, what and why?

FRANKFURT, Oct 23 (Reuters) – The cyberattack on British
broadband supplier TalkTalk this week raises a host of
questions over who could be behind it and what their aims are.

TalkTalk said on Friday it had received a ransom demand from
an unidentified party claiming responsibility for the attack
that may have led to the theft of personal data from its more
than 4 million customers, including bank and credit card
details.

Oct 23, 2015

TalkTalk gets ransom demand after hit by cyber attack

LONDON/FRANKFURT (Reuters) – British broadband provider TalkTalk said on Friday it had received a ransom demand from an unidentified party claiming responsibility for a cyber attack that could have led to the theft of personal data from its more than 4 million customers.

The data could include credit card and bank details, and if the theft is confirmed by a police investigation it would be one of Britain’s biggest online security breaches.

Oct 23, 2015

Ericsson profit misses forecasts, hit by China slowdown

STOCKHOLM/FRANKFURT, Oct 23 (Reuters) – Slowing demand for
new mobile networks in China pushed third quarter sales and
profit for Sweden’s Ericsson below forecasts and
reinforced concerns that another major growth market had passed
its peak.

Like-for-like sales at Ericsson, the world’s biggest maker
of mobile telecoms network equipment, dropped 9 percent in the
third quarter, with declines in China and Europe.

    • About Eric

      "Eric Auchard is chief technology correspondent for Reuters in Europe, the Middle East and Africa, based in Frankfurt. He has worked in San Francisco, New York, Washington D.C., London and Vienna during a 22-year career with Reuters as reporter, columnist and editor, covering key developments in semiconductors, software, mobile gadgets, social media and, more recently, payments and cars. Eric traced the highs and lows of the tech industry during the dot-com mania, the crash that followed and its subsequent resurrection, reporting from more than 30 countries as Reuters global technology correspondent. He grew up in Silicon Valley, long before it ..."
      Joined Reuters:
      1993
      Languages:
      English
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