Europe to Australia in under five hours? Engineers at UK-based Reaction Engines who are working on a system to enable hypersonic air travel say that they have passed a significant development milestone. A key element of their SABRE air-breathing rocket engine – the precooler component – has successfully…
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Tech Unicorns Test the Market
Potential investors in tech IPOs this year would be well advised to exercise caution After years of raising money on the private markets, a number of tech companies are diving into the public markets in 2019. We recently had the IPO of ride-hailing service Lyft, which raised more than $2bn,…
New Trustwave Report Underscores Progressing Global Cybersecurity Threats
Comprehensive Analysis of Data Breach Investigations, Internal Threat Intelligence and Security-Based Telemetry Reveals Cybercriminals are Becoming More Methodical and Adaptive Trustwave released the 2019 Trustwave Global Security Report, which reveals the top security threats, breaches by industry and cybercrime trends from 2018. The report is based…
New Leadership At The ECB And BoE: The Talk Of The Town
Both the ECB and BoE are likely to be under new leadership within the next nine months. While Draghi’s eight-year term expires in October, Mark Carney’s is expected to end in January 2020. This transition will come at a pivotal time when both banks are struggling to initiate the process…
Citi Global Trade Uses AI to Digitise Compliance in NextGen Project
EY and SAS collaborated to improve risk and compliance processes Citi announced its NextGen project, an initiative with EY and SAS, using artificial intelligence (AI) to develop an advanced risk analytics scoring engine. NextGen was created to help streamline the time-consuming, highly manual processes associated with…
US Companies Most Confident Among Four Global Regions in Readiness To Face Data-Privacy Regulations.
Despite lack of strong federal laws, US firms appear more prepared than those in Europe, China and South-east Asia to deal with potentially stricter rules around consumer-data gathering and use. This comes amid the increasing importance of data privacy to organisations today—it will be even more important in future, according to…