London (Reuters)- HSBC is working with law enforcement to catch those behind a cyber attack that forced its personal banking websites in the UK to shutdown, its second major service outage this month, the bank said on Friday.
LONDON (Reuters) - Apple has warned that a British plan to give intelligence agencies extra online surveillance powers could weaken the security of personal data for millions of people and paralyze the tech sector.
Britain unveiled proposals for new online powers last month that it said were needed to keep the country safe from criminals, fraudsters and militants, including the right to find out which websites people visit.
LONDON (Reuters) - Britain unveiled plans on Wednesday for sweeping new surveillance powers, including the right to find out which websites people visit, measures ministers say are vital to keep the country safe but which critics denounce as an assault on freedoms.
Across the West, debate about how to protect privacy while helping agencies operate in the digital age has raged since former U.S. intelligence contractor Edward Snowden leaked details of mass surveillance by British and U.S. spies in 2013.
LONDON (Reuters) - The United States and Britain will test later this month how its regulators would respond if their financial sectors suffered a major cyber-attack or broader IT problems, a British official said on Monday.
The test, for which no date has yet been set, will focus on how regulators for the world's two biggest financial centers in New York and London communicate in an emergency, a spokesman for British government cyber-security body CERT-UK said.
BRUSSELS/LONDON (Reuters) - Hutchison Whampoa is set to face an extensive EU investigation over its bid for Telefonica's British unit and is prepared to sell network capacity and frequencies to head off antitrust concerns, three sources said on Friday.
Hutchison's planned 10.3-billion-pound ($16 billion) acquisition of Telefonica's O2 business would make it the top mobile operator in Britain. But it comes as the European Commission has signaled a tougher line on telecoms mergers, including forcing companies to divest infrastructure network.
LONDON (Reuters) - Britain's telecoms regulator Ofcom has proposed controlling the prices BT can charge for some of its high-speed business lines, following up on a review which recognized the former state monopoly's "significant" market power.
Ofcom said it was opening a consultation on what price controls would apply to some of BT's wholesale leased line prices, which could result in price cuts for customers in the 2 billion pound ($3.10 billion) market.
LONDON (Reuters) - Vodafone, the world's second biggest mobile company, said it is in early talks about exchanging selected assets with Europe's largest cable operator Liberty Global, which could enable each to better compete with rivals.
Analysts and sector bankers said the two most important countries for both firms where they overlap were Britain and Germany. They also both operate in Ireland, the Netherlands, Czech Republic, Hungary and Romania.
LONDON (Reuters) - Some of the biggest investors in Vodafone say they are open to a European tie-up with Liberty Global, as the British company is now in a stronger position to negotiate a deal with John Malone's cable group.
Shares in the world's second largest mobile operator hit a 14-year high last week after Liberty's billionaire chairman Malone said a much-mooted union would be a "great fit" for his company.
LONDON (Reuters) - Britain's Vodafone posted a rise in quarterly sales for the first time in nearly three years on Tuesday in the clearest sign yet that Europe's mobile market is edging towards recovery.
The world's second largest mobile operator has been hit hard by the constraints on consumer spending in its big European markets, fierce competition in India and by regulator-imposed price cuts around the world.
But on Tuesday it finally forecast 2016 core earnings growth on an organic basis following seven straight years of declines.
LONDON (Reuters) - China's Huawei Technologies Co Ltd, the telecoms equipment company whose products are now integral to various mobile and fixed-line networks, poses no threat to Britain's national security, a board established to monitor the company's operations said.
The world's second largest telecoms equipment maker set up an independent cyber security evaluation center in Oxford in 2010 in conjunction with the government to check whether its equipment could pose a threat to national security.