Armed with a doctorate in financial engineering, 34-year-old Timo Schlaefer was on his way to a promising career at Goldman Sachs in London. Previously with the bank's mergers and acquisitions team, he became an executive director of credit quantitative modeling at Goldman, where quants like Schlaefer are highly valued.
Read moreAustralia’s stunning dismissal for 60 runs on day one of the fourth Ashes test prompted incredulous headlines in local newspapers on Friday along with calls for the citizenship to be stripped from the entire team. “What a disgrace,” was a front-page headline on Sydney’s Daily Telegraph, above a picture of embattled Australia captain Michael Clarke
Read more(Reuters) – Vanderbilt University’s football team apologized for tweeting on Thursday “we don’t need your permission,” a phrase that raised concerns about its attitude toward sexual assault two years after four former players were first accused of rape. The full tweet, which has since been removed from the team’s Twitter account, read: “We are relentless, tough and intelligent and …” above a graphic that read, “We don’t need your permission.” “We apologize for today’s tweet.
Read moreThe unclassified email network at the U.S. military’s Joint Staff has been offline since late July after what investigators now believe was a sophisticated cyber attack likely linked to a foreign state, U.S. officials said on Thursday.
Read moreBy Julia Fioretti BRUSSELS (Reuters) – Internet firms such as Cisco , Google and Amazon will be subject to a new EU cybersecurity law forcing them to adopt tough security measures and possibly report serious breaches to national authorities, according to a document seen by Reuters.
Read more(Reuters) – Tesla Motors Inc said on Thursday it has sent a software patch to address security flaws in the Tesla Model S sedan that could allow hackers to take control of the vehicle.
Read moreBy Clare Jim HONG KONG (Reuters) – Chinese developer Fantasia Holdings Group has launched a vacation rental business similar to Airbnb Inc and HomeAway Inc to utilise the scores of homes left unsold as a property boom faded. Fantasia’s Home ENE online platform, launched last month, will rival Tujia, the Chinese home rental firm that this week raised $300 million from investors including Singapore-based developer CapitaLand Ltd and Hong-Kong’s All-Stars Investment Ltd to expand at home and abroad. “There are more than 50 million vacant units in urban China, which have become a major source of properties for vacation use,” Fantasia chairman and CEO Pan Jun said in a statement on Wednesday.
Read moreSmartphones have overtaken laptops as the preferred way for Britons to go online, driven by increased take-up of the devices and a jump in superfast mobile broadband subscriptions, the British telecoms regulator said on Thursday. A third of people said they turned to a smartphone first to browse the Internet, access social media or shop online, while 30 percent opened up a laptop, Ofcom said.
Read moreBy Curtis Skinner SAN JOSE, Calif. (Reuters) – The lounge in downtown San Jose, California, looks like any sports pub. Fans crowd around the bar, perch over tables and stare at TV screens, rooting for favorite teams and cheering spectacular plays
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