Technology

The battery charger that makes you run… and run.. and run

There’s growing anger among the supporters of Ampy, a Kickstarter-funded wearable battery charger which promised to “power your devices from your motion” but has been described by disappointed investors as “a deadweight” and “an overpriced brick”. It highlights the risk of investing in product ideas before they have actually launched. Ampy says the complaints are… Continue reading The battery charger that makes you run… and run.. and run

Technology

Three US hospitals hit by ransomware

The IT systems of three US hospitals have been infected with ransomware, which encrypts vital files and demands money to unlock them. The systems, at Kentucky Methodist Hospital and Chino Valley Medical Center and Desert Valley Hospital, California, are now running normally again. None of the hospitals is believed to have paid the ransom. And… Continue reading Three US hospitals hit by ransomware

Technology

Israel’s Cellebrite linked to FBI’s iPhone hack attempt

An Israeli cybersecurity firm is under pressure to reveal its involvement in efforts to extract data from an iPhone. The FBI said on Monday that it might have found a way to deal with the password lock set by killer Syed Rizwan Farook, who was behind an attack in San Bernardino, California, in December. An… Continue reading Israel’s Cellebrite linked to FBI’s iPhone hack attempt

Business

PetroChina reports 70% drop in 2015 profits

China’s biggest state-owned oil and gas producer, PetroChina, has reported a near 70% fall in net profits for 2015, in line with earlier guidance. Like many other major oil companies, PetroChina’s profits have been hit by the fall in oil prices over the past year. Net profits were 35.51bn yuan ($5.46bn; £3.85bn) in 2015, down… Continue reading PetroChina reports 70% drop in 2015 profits

Business

Online gambling chief charged with insider trading

The chief executive of Amaya- the world’s largest online gambling firm – has been charged in Canada with insider trading. David Baazov was charged with using “privileged information” when trading Amaya shares between December 2013 and June 2014 Mr Baazov denied the charges and said he would “vigorously contest” them. The alleged insider trading occurred… Continue reading Online gambling chief charged with insider trading

Business

‘Flash crash’ trader Navinder Sarao faces US extradition

Navinder Sarao, the trader accused of helping to trigger the US “flash crash”, can be extradited to face trial, a court has ruled. Mr Sarao, 37, is accused of contributing to events on 6 May 2010, when the Dow Jones share index briefly fell more than 1,000 points. Mr Sarao traded on the Chicago Mercantile… Continue reading ‘Flash crash’ trader Navinder Sarao faces US extradition

Business

Next sees ‘challenging year’ ahead

Retailer Next has forecast that 2016 will be a “challenging year” for its business, “with much uncertainty in the global economy”. The prediction came as the High Street chain unveiled its annual results for the year to 30 January, showing a modest rise in profits. Pre-tax profit for the 12 months came in at £836.1m,… Continue reading Next sees ‘challenging year’ ahead

Business

KFC owner Yum in talks with KKR over China unit stake sale

Yum Brands, the owner of KFC, Taco Bell and Pizza Hut, is in talks with KKR and other financial firms about the sale of a stake in its China business. The US firm could reportedly sell up to 20% of its Chinese operations, valuing the unit at about $10bn (£7bn). Last October, it announced plans… Continue reading KFC owner Yum in talks with KKR over China unit stake sale

UK

Tandem bike and tin bath among dumped river items

A tandem bike, a tin bath and military ammunition were among the items dumped in canals and rivers last winter. They were just some of the more bizarre objects recovered in a four-month survey of rubbish in waterways, carried out by the Canal and River Trust. The charity said clearing discarded rubbish from canals and… Continue reading Tandem bike and tin bath among dumped river items

UK

Disabled people ‘only an afterthought’, Lords report says

Disabled people are only an “afterthought” for the government, a House of Lords report has said. Laws designed to outlaw discrimination in Britain “simply aren’t working in practice”, the peers said. The report highlighted taxi drivers refusing to take guide dogs and wheelchair-using sports fans being forced to sit with opposing fans. The government said… Continue reading Disabled people ‘only an afterthought’, Lords report says