(Reuters) – Chipmaker Marvell Technology Group Ltd said it would cut about 17 percent of its global workforce as the company trims its mobile business. Marvell said it would now focus on emerging opportunities in businesses such as automotive and Internet of Things, the concept of connecting household devices to the Internet.
Read moreBy Julia Fioretti BRUSSELS (Reuters) – The European Commission on Thursday launched an inquiry into the behavior of online companies such as Google, Facebook and Amazon to try to gauge whether there is a need to regulate the web. It is not clear whether the inquiry will lead to any regulation of the Internet in the European Union, but it provides more evidence that mainly U.S
Read moreBy Ehab Farouk CAIRO (Reuters) – Egypt is looking to add 500,000 new Internet users by the end of 2015 and increase its internet penetration rate to 50 percent from 34 percent by the end of 2016, communication minister Khaled Ali Negm said.
Read moreTuhu, a Chinese online platform for automobile services and products, said on Tuesday it raised about $100 million from a group of investors including venture capital firm Joy Capital, looking to expand its distribution network and warehouses. Joy Capital, whose founders include the former head of telecommunications investments at Legend Capital, led the funding round, Tuhu Founder and Chief Executive Min Chen said. Other investors included private equity firm Welkin, leasing company Far East Horizon Ltd and existing Tuhu investors such as Legend Capital and Qiming Venture Partners.
Read moreSaudi Arabia's Prince Alwaleed bin Talal, one of Twitter's earlier investors, told Reuters he believed Jack Dorsey would bring continuity to the social messaging firm and he would back him if he wished to become chief executive permanently. Dorsey, a co-founder of Twitter, was named interim head last Thursday after Chief Executive Dick Costolo abruptly announced he was stepping down effective July 1. In a written statement to Reuters, Alwaleed said he “knew Dorsey well and that as one of the founders who knows the company very well he would bring the needed continuity” while the company searched for a new chief executive
Read moreBy Katy Migiro NAIROBI (Thomson Reuters Foundation) – Audrey Mbugua will not say whether it was a razor blade, pills or carbon monoxide that she used to try to kill herself.
Read moreBy Katy Migiro NAIROBI (Thomson Reuters Foundation) – Audrey Mbugua will not say whether it was a razor blade, pills or carbon monoxide that she used to try to kill herself. Born a male in Kenya and given the name Andrew, she felt trapped in the wrong body and started dressing in women’s clothes while at university, attracting ridicule and rejection. After graduation, Mbugua was jobless, penniless and alone.
Read moreBy Andrew Chung NEW YORK (Reuters) – has dropped its lawsuit against Microsoft Corp over alleged “massive” copyright infringement, announcing on Tuesday a plan to amicably bring Getty's photos to Microsoft's Internet search engine and devices.
Read moreNaguib Sawiris is considering making an acquisition in Italy's Internet sector, the Egyptian tycoon said in an interview published on Saturday. Sawiris, whose family founded Egypt's giant Orascom group, said in an interview with Corriere della Sera that he planned to create a new data center in Milan, which would be Italy's biggest, by the end of April. “We are also weighing up another acquisition, still in the Internet sector,” said Sawiris, who made an unsuccessful bid to buy a stake in Telecom Italia in 2012
Read moreBy Piya Sinha-Roy AUSTIN, Texas (Reuters) – With a drop of a microphone, Ryan Gosling dispelled his Internet infamy, saying he had never once uttered the phrase, “Hey Girl,” which has made him a viral phenomenon. Gosling was the anticipated opening day guest at the annual South by Southwest (SXSW) Festival covering film, music and technology in Austin, Texas, being quizzed by Del Toro not on his Internet fame, rather his directorial debut, “Lost River.” But Del Toro threw in cheeky references to the infatuation with Gosling that has made him an online celebrity, such as his love for Disneyland, where he has been photographed on dates, riding rollercoasters. Gosling, 34, responded by blushing and hiding his face in embarrassment, and when Del Toro teased him for finally saying “Hey Girl” while telling a story about never having said the phrase, Gosling dropped the mic, joking he was done
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