Wall Street braces for end of Snap share lockup

SAN FRANCISCO (Reuters) – A flood of Snap Inc shares held back since the Snapchat owner’s initial public offering could start to trade freely next week, pressuring a stock that has already plunged far below its debut price.

Hackers to scour voting machines in search for election vulnerabilities

LAS VEGAS (Reuters) – Hackers attending this weekend’s Def Con hacking convention in Las Vegas will have a chance to break into voting machines and voter databases in a bid to uncover vulnerabilities that could be exploited to sway election results.

Should we worry about AI?

The war between tech titans has begun. Some are worried about what artificial intelligence (AI) will mean for humanity, while others are pretty optimistic.

Hutchison’s Drei to buy Tele2 to rival Telekom Austria

VIENNA (Reuters) – Mobile firm Hutchison Drei Austria said on Friday it would buy landline-focused Tele2 from its Swedish owner for 95 million euros ($111 million), creating a telecoms group to rival Telekom Austria.

BRICS to beef up information security

BRICS nations will step up cooperation on information security, as digital communication technology plays an increasingly important role in driving economic growth.

Sharp returns to first quarter profit on Foxconn’s cost-cut drive, beats estimates

TOKYO (Reuters) – Japan’s Sharp Corp reported its third consecutive quarter of net profit on Friday, staying on track to achieve its first annual profit in four years following a cost-cutting drive under Taiwanese owner Foxconn.

China bike-sharing firm Ofo in talks to raise $1 billion, led by SoftBank: sources

HONG KONG (Reuters) – Chinese startup Ofo is in talks to raise $1 billion in a new funding round led by Japan’s SoftBank Group, people familiar with the matter said, in what would be the largest fund-raising in the nation’s bike-sharing business.

Xiaomi gains new $1 billion loan to drive retail push, expansion overseas

SHANGHAI (Reuters) – Chinese smartphone maker Xiaomi Inc said on Friday it had signed a deal for a new $1 billion loan to accelerate its drive into brick-and-mortar stores and help a push overseas.