Mastercard took down payments across Australia with a scheduled update

Mastercard transactions were declined across Australia on Saturday afternoon after what the company describes as a scheduled system update, with more than 1,900 outage reports logged by mid-afternoon. [...]

Uber quietly pauses 5 of 7 European food-delivery launches as it chases Delivery Hero

Five months ago, Uber promised to storm five new European countries with its food-delivery app. It just quietly hit the brakes, and the reason looks a lot like a €10bn takeover. Uber has paused five [...]

Quant fund Qube is hiring human stock pickers to sit beside its algorithms

Qube Research & Technologies, one of London’s largest quantitative hedge funds, is doing something that would once have looked heretical for a firm built on code: it is hiring humans to pick st [...]

China threatens the EU with broad retaliation if Huawei and ZTE are banned from European networks

Beijing’s commerce ministry has formally submitted a 30-page document warning the European Commission that its draft Cybersecurity Act, which would make vendor removal mandatory for the first time, [...]

Chinese video platform Bilibili is expanding worldwide

Bilibili has relaunched its international app without identity verification, plans an English-language website and is hiring community managers in six cities including London. The company says content [...]

How a 23-year old builder made AI video simple

At just 23, Sean Grindal is betting on an idea he has watched take shape across a decade in software: that the hardest part of AI tools is no longer what they can do, but how few people can figure out [...]

Microsoft told Google it was overreacting in 2010. It has spent five years quietly leaving China

Corporate filings show the closures, Reuters reported in an exclusive. The revenue figure is the one that explains the rest. China accounted for 1.5% of global revenue as of 2024. Microsoft has no cur [...]

Google’s Gemini delay exposes a deeper problem: employee morale

Google is losing a race it once led, and the problem may be its own people. Six current and former DeepMind employees told Axios that low morale is slowing the lab’s model releases, Axios reported. [...]

AI gave North Korean hackers a $600 million month. DeFi is still working out how to respond.

  The two hacks came a little over two weeks apart. On 1 April, attackers drained roughly $285 million from Drift Protocol, a Solana-based derivatives exchange, after spending months posing as a quan [...]