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France picks zone off Normandy coast for new 1GW windfarm

© Reuters. FILE PHOTO: French government presents crisis recovery plan for economy PARIS (Reuters) – France has identified a zone off the coast of Normandy for the construction of a 1 Gigawatt (GW) windfarm and launched the tender process for its development, Environment Minister Barbara Pompili said on Saturday. The …

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Quibi: Why did the video app go so wrong?

By James ClaytonNorth America technology reporter image copyrightQuibi/Getty Images Quibi pulled the plug on its video-streaming service this week, capping an extraordinary year for the company. At the start of 2020, it was seen by some as the future of “snackable” smartphone entertainment. Shows were shot so they could be …

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Robo-surveillance shifts tone of CEO earnings calls

When Man Group chief executive Luke Ellis discusses his investment company’s results with analysts he chooses his words carefully. He knows better than most that the machines are listening. The crown jewel of Man is its $39bn hedge fund group AHL, whose algorithms scour huge data sets for profitable signals …

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Hong Kong OTC trading firm acquires OMG Network

Hong Kong OTC trading firm acquires OMG Network Ethereum-based scaling platform OMG Network has been acquired by the venture subsidiary of Hong Kong-headquartered OTC trading firm, Genesis Block. The acquisition was announced on Dec. 3, with Genesis Block Ventures revealing plans to work with OMG to build “lending and trading …

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Every asset manager must understand Bitcoin — Erik Voorhees

Every asset manager must understand Bitcoin — Erik Voorhees Shapeshift CEO Erik Voorhees has drawn a metaphorical line in the financial sand, stating that every asset manager should understand now based on its astonishing rate of return. Voorhees made the comments while retweeting data shared by analytics platform Messari co-founder …

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Ripple has sold $15M of its stock in MoneyGram

Ripple has sold $15M of its stock in MoneyGram Labs has sold a huge chunk of its 2019 investment in MoneyGram. Per a Friday night filing with the Securities and Exchange Commission on Friday night, from Nov. 27 through Dec. 4, Ripple Labs managed to sell 2,264,113 shares of MoneyGram …

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Kaspersky diversifies from cyber security after spying allegations

Russia’s most notorious cyber security company, Kaspersky, is trying to diversify into anti-drone technology and online voting products in an attempt to rehabilitate a business hit with spying allegations three years ago. Eugene Kaspersky, chief executive, said in a video interview with the Financial Times that bans on the company’s …

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