Wednesday, 19 July 2017

Bloomberg Technology/Nico Grant: Goodbye P***

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From Bloomberg Technology

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Hi everyone, it’s official. The Chinese government appears to have banned Winnie the Pooh. Apparently, the cartoon bear looks too much like President Xi Jinping–something few may have noticed.

Earlier this week, we learned that Beijing also partially blocked WhatsApp messages in the country because they’re encrypted. A popular workaround used to be to use a virtual private network to access the internet free from snooping eyes. But last week, the government decided those have to go as well, demanding carriers block all VPNs by February 2018. This latest censorship streak reinforces China’s Great Firewall ahead of the 19th Communist Party Congress this fall, when a certain president who resembles a bear will consolidate his power. —Nico Grant


And here's what you missed in global technology news

IBM’s turnaround fails to materialize. The company’s stock price dropped after its second-quarter earnings missed estimates, with meager traction in its cloud and services units.

The Glasshole is back. Chances are, you won’t see the polarizing gadget around very much, since Alphabet announced an Enterprise Edition for factory workers.

The next mega hack could cost $53 billion. That’s according to Lloyd’s of London, which estimates that an attack on a cloud service provider and corporate operating systems would have a massive price tag.

There's never a dull moment for cryptocurrencies. Bitcoin jumped in value as it seemed that developers and miners were making progress on deciding the future of the currency’s software. Meanwhile, an Ethereum co-founder said initial coin offerings, which have become a popular way for startups to raise cash, are a ticking time-bomb.

Oracle is adding 1,000 employees for a cloud push in Europe, the Middle East and Africa.

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