Business

Apple Calls FBI Iphone Request ‘Unprecedented’ In Court Filing

Apple Inc (AAPL.O) on Thursday struck back in court against a U.S. government demand that it unlock an encrypted iPhone belonging to one of the San Bernardino shooters, arguing such a move would violate its free speech rights and...

Foxconn Says In Talks With Sharp Over Deal Hitch; Hopes For Agreement

Foxconn, a major supplier to Apple Inc (AAPL.O), said on Friday it was in talks with Sharp Corp (6753.T) to clarify a late hitch to its takeover of the Japanese firm, worth an estimated near-$6 billion. It said it...

Court Dismisses Suit By Etisalat Against MTN, Visafone

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SAN FRANCISCO, February 25, (THEWILL) – Justice Ibarhim Buba of the Federal High Court, Ikoyi, Lagos, has dismissed the lawsuit filed by Etisalat against MTN Nigeria and Visafone over the acquisition of the Code Division Multiple Access (CDMA) operator. Etisalat...

OPEC Says Brazil Olympic Will Boost Global Oil Demand

SAN FRANCISCO, February 24, (THEWILL) - Despite low oil prices and market glut for most of 2015, oil demand in 2016 is anticipated to grow by around 1.3mb/d, says the OPEC Monthly Oil Market Report (MOMR) for February 2016,...

CBN: Nigeria’s Foreign Reserve May Slip To $18bn, Forecloses Naira Devaluation

BEVERLY HILLS, February 24, (THEWILL) - Going by the projection of the Central Bank of Nigeria (CBN), the Nigeria's foreign reserve, which stands at $27.66 billion may deplete further to $18 billion this year. This is as a result of...

Exclusive: New York Asks SEC To Force Climate Vote Onto Exxon Proxy

New York state's comptroller and four other Exxon Mobil (XOM.N) shareholders asked the U.S. Securities and Exchange Commission this week to force the oil producer to include a climate change resolution in its annual shareholder proxy, according to a...

Solid Support For Apple In Iphone Encryption Fight: Poll

Nearly half of Americans support Apple Inc's (AAPL.O) decision to oppose a federal court order demanding that it unlock a smartphone used by San Bernardino shooter Rizwan Farook, according to a national online Reuters/Ipsos poll. Forty-six percent of respondents said...

Facebook Launches ‘Reactions’ Worldwide

Facebook said on Wednesday that "Reactions", an extension of the "Like" button, has now been rolled out worldwide. The social network launched a pilot of "Reactions" - which allows users to select from seven emotions including "Angry", "Sad" and "Wow"...

Blackberry Buys Cyber Security Consultancy; Moves Deeper Into Services

BlackBerry said on Wednesday that it has acquired U.K.-based cyber security consultancy Encription, moving the company deeper into the services business as it continues to morph into a more software-focused entity amid its ongoing turnaround. The smartphone industry pioneer, which...

Oil Below $33 On Saudi Comments, Report Of U.S. Inventory Rise

Oil fell below $33 per barrel on Wednesday after Saudi Arabia ruled out production cuts and an industry report said U.S. crude stockpiles hit a record, underlining the supply glut. Saudi Oil Minister Ali al-Naimi said production cuts would not...