(Reuters) — The U.S. Supreme Court appeared divided on Wednesday as it considered whether to protect Alphabet’s Google from a long-running lawsuit by Oracle accusing it of infringing Oracle copyrights to build the Android operating system that runs most of the world’s smartphones.
The shorthanded court, down one justice following last month’s death of Ruth Bader Ginsburg, heard oral arguments in Google’s appeal of a lower court ruling reviving the lawsuit in which Oracle has sought at least $8 billion in damages.
Some of the eight justices expressed concern that Google simply copied Oracle’s software code instead of innovating and creating its own for mobile devices. Others emphasized that siding with Oracle could give software developers too much power with potentially harmful effects on the technology industry.
A jury cleared Google in 2016, but the U.S. Court of Appeals for the Federal Circuit overturned that decision in 2018,
A top executive at a Singapore firm seeking to buy Newcastle United has quit after police launched a probe into his activities, the company said Wednesday, the latest turmoil for the bid.
Bellagraph Nova Group, founded by two Singaporean entrepreneurs and a Chinese business partner, announced in August it was in “advanced talks” to buy the English Premier League team.
But the bid became mired in controversy over allegations that photos had been doctored to show the trio meeting with former US president Barack Obama, and other inconsistent claims.
Police then began investigating a company linked to Singaporean co-founders Terence and Nelson Loh, after an accounting firm lodged a report over unauthorised signatures on the group’s financial statements.
BN Group said in a statement that Terence Loh has now quit the firm to try and resolve the issues related to the police probe into Novena Global Healthcare.
Did you miss your window to preorder a PlayStation 5? It’s probably best you wait until more stock is made available, if eBay is anything to go by. For the princely sum of £7,600 ($9,800), you can buy yourself a standard “disk edition” (sic) PS5–with an extra controller(!)–from a British seller who’s aiming to make the biggest payday in history, and become the most legendary scalper in the south-east of England.
Based on the U.K.’s standard PS5 retail price of £449 ($579), plus the additional controller cost of £60 ($77), the listing boasts an incredible 1,393% mark-up on the recommended retail price. Luckily, the automatically applied PayPal Credit option is gracious enough to allow you to pay in 24 installments of just £359 ($463) per month, equivalent to the cost of 19.6 PS5s at U.S. cost price.
The University of Cambridge; the highest-ranked U.K. institution on the QS table.
Oliver Benn | Getty Images
LONDON — U.S. chipmaker Nvidia pledged Monday to build a £40 million ($52 million) supercomputer in Cambridge, England, weeks after announcing it intends to buy British rival Arm for $40 billion.
The supercomputer — named “Cambridge-1” and intended for artificial intelligence (AI) research in health care — is being unveiled by Nvidia founder and Chief Executive Jensen Huang at the company’s GTC 2020 conference on Monday.
“Tackling the world’s most pressing challenges in health care requires massively powerful computing resources to harness the capabilities of AI,” Huang will say in his keynote. “The Cambridge-1 supercomputer will serve as a hub of innovation for the U.K., and further the groundbreaking work being done by the nation’s researchers in critical healthcare and drug discovery.”
Expected to launch by the end of the year, the Cambridge-1
Hundreds of millions of dollars, much of it fronted by taxpayers, has been spent on cleanup so far, and the extent of the toxic devastation caused by the company still isn’t fully known. Yet Exide is asking for — and may well receive — permission to walk away from all future liability.
Ever since the contamination was discovered, Exide has worked to evade its full responsibility to Californians. The company failed to comply with environmental regulations, then largely escaped liability for its actions by hiding behind a 2015 non-prosecution agreement
Congressional sources tell FOX Business’ Charlie Gasparino that top GOP senators on TikTok say they were notified by CFIUS on coming new guidelines.
Oracle Corp. co-founder Larry Ellison’s pursuit of a deal with TikTok could win him two prizes at once: a flashy new customer for his company’s lagging cloud-computing business and a victory over a fierce rival.
Mr. Ellison, 76 years old and chairman of the company, has reason to be a big fan of Chinese-owned TikTok, a video-sharing app famously beloved by young people. But first Oracle, TikTok and their partners have to get a deal done that could return the business-software company to the center of the tech world.
Mr. Ellison maneuvered Oracle ahead of Microsoft Corp. in the race to become TikTok’s U.S. tech partner, and personally lobbied President Trump to sign off on a preliminary agreement, people familiar with the talks said.
Hedge fund Lucerne Capital, an investor in Altice Europe NV, has raised objections to billionaire Patrick Drahi’s plan to take the company private, saying his offer undervalues the company.
Altice’s founder and largest shareholder made an offer Sept. 11 to pay 4.11 euros a share through his Next Private vehicle, valuing the entire company at 4.9 billion euros. That represented a 24% premium over the previous day’s closing price.
The offer represents a “significant discount” to the shares, and is designed to squeeze out minority investors, the hedge fund wrote in a letter to the French telecommunications company’s board Thursday.
Lucerne Capital, founded in 2000, said it represents funds owning about 94 million euros of Altice Europe shares.
A representative for Altice didn’t immediately respond to a request for comment.
“Mr. Drahi is using the temporary lull in the share price, caused by Covid-19, to unlock the huge upside in
By Nqobile Dludla, Emma Rumney and Media Coulibaly
JOHANNESBURG/ABIDJAN (Reuters) – When COVID-19 hit Ivory Coast, Bonaventure Kra, who works at an import-export business, began to worry. Handling hard cash all day was a risk. Queuing in crowded bank branches exposed him to infection.
Then, in the midst of the pandemic, French telecommunications giant Orange <ORAN.PA> launched an entirely digital bank – its first full banking venture in Africa.
“Going back to cash would be like travelling back in time,” Kra said in the country’s commercial capital, Abidjan. “I intend to use it permanently.”
Africa’s mobile phone operators are ramping up plans to bring banking to millions of Africans, in some cases for the first time, after the coronavirus crisis caused a surge in use of digital financial services.
Orange, MTN <MTNJ.J>, Telkom <TKGJ.J> and Vodacom <VODJ.J> are lowering fees, rolling out new lending services ahead of schedule, and expanding
WASHINGTON (Reuters) – A judge in Pennsylvania on Saturday rejected a request by three TikTok content creators who asked her to temporarily block a government ban on Apple Inc AAPL.O and Alphabet Inc Google GOOGL.O app stores offering the short-video sharing app for download set to take effect on Sunday.
The content creators argued they would “lose access to tens of thousands of potential viewers and creators every month, an effect amplified by the looming threat to close TikTok altogether.”
U.S. District Judge Wendy Beetlestone wrote that the ban is “undoubtedly an inconvenience” but said in denying the request “they will still be able to create, publish, and share content for their millions of current followers.”
A separate legal challenge from TikTok and Chinese owner ByteDance