UK chip designer Imagination, which designs graphics chips for smartphones, is being bought for £550m by a Chinese-backed investment firm. Imagination put itself up for sale in June after Apple, its largest customer, said it would stop using its products. The boss of Imagination, Andrew Heath, said the takeover by China-backed Canyon Bridge was a “very good outcome” […]
Storms complicate Puerto Rico’s debt problems
Puerto Rico’s more than $70bn in debt is casting a shadow over recovery efforts on the Caribbean island, which was badly destroyed by Hurricane Maria. Puerto Rican Governor Ricardo Rosello, who is seeking federal funds, warned of a “massive exodus” without aid. US President Donald Trump wrote on Twitter on Monday night that the island […]
Cyber Attack: Deloitte hit by data breach
Corporate finance giant Deloitte suffered a cyber-attack that compromised confidential data, including the private emails of some of its clients, the company has confirmed. Its system had been accessed via an email platform and “very few” clients had been affected, Deloitte said. The Guardian reported the attack had been discovered in March but could have happened […]
Brent oil price ease back
The Oil Prices has fallen back on Tuesday after earlier hitting a two-year high. Rising demand and geopolitical worries had fueled the increase, along with indications that production cuts by OPEC members are starting to bite. Brent rose about 4% to just short of $60, its highest since July 2015, point, before dropping back to $58.59. […]