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Microsoft profits jump on cloud strength

Microsoft quarterly profits nearly doubled to $5.3bn, after growth from its cloud computing business.The firm said the figures showed its focus on cloud computing – software, storage and other services connected over the internet – was working.However, results from e-commerce firm eBay were less impressive.Its profits dropped 94% in …

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ExxonMobil fined by US for Ukraine sanctions violations

ExxonMobil must pay a $2m penalty for signing documents for oil and gas projects in Russia, despite US sanctions imposed after Russian forces seized Crimea in 2014.Exxon signed documents in May 2014 with Igor Sechin, the president of Russian oil giant Rosneft, it said.At the time, Exxon was led …

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AlphaBay and Hansa dark web markets shut down

Two of the largest dark web marketplaces have been shut down following a “landmark” international law enforcement investigation.The AlphaBay and Hansa sites had been associated with the trade in illicit items such as drugs, weapons, malware and stolen data.According to Europol, there were more than 250,000 listings for illegal …

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