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Korean chipmaker SK Hynix announces $38bn investment in 3 new plants

New plants would have updated production techniques to boost company's competitiveness in the ever-evolving semiconductor sector.

Boeing 'to cut several hundred jobs' in satellite division

Downsizing partly blamed on freeze of US Export-Import Bank funding.

Ashley Madison hack: Infidelity site and parent company Avid Life Media faces lawsuit in US

Lawsuit brought by a man identified only as John Doe in California seeks class-action status.

Ashley Madison hack: 19 Kids and Counting's Josh Duggar called 'pig' by brother-in-law

Daniel Keller said he will continue to encourage his sister to leave Duggar.

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China's Black Monday and the history of great financial crashes

IBTimes celebrates the Chinese stock market crash with a look back at history's great financial collapses.

How China's Black Monday could affect global economies

Stocks have plunged around the world, with markets in Japan, Germany and France suffering.

Black Monday: China's plunge is a warning that bubbles are going to pop

China's economy needs to rebalance and bubbles must be allowed to burst.

John McAfee: Ashley Madison database stolen by lone female who worked for Avid Life Media

Trove of stolen Ashley Madison data came from a woman who used to work at Avid Life Media.

Iran: Royal Dutch Shell to repay £1.2bn debt and seek new deals once sanctions are lifted

Foreign secretary Philip Hammond oversaw the re-opening of the UK embassy in Tehran.

NSA worried that quantum computing will foil the cryptography protecting all data to date

NSA warning US firms and agencies to start preparing for quantum computing-resistant cryptography

Ashley Madison hack list: How to download and search leaked adultery website database email addresses [Update]

It is still possible to check whether your details or those of your partner were dumped online.

Stephen Foster: How WPP boss Sir Martin Sorrell stays king of the castle

Is WPP proof that biggest is best in advertising?

BT Sport to screen next Ashes: Broadcaster wins rights to Australian cricket for five years

Cricket rights deal to include 35 KFC-sponsored Big Bash League matches.

Zurich Insurance seeks to extend deadline to announce RSA deal

The deadline for the Swiss insurer to table a formal offer for RSA is set to expire on 25 August.

Ashley Madison: Police captain takes own life after email address leaked from cheating website

It is unclear whether the man's suicide was directly linked to the Ashley Madison leak.

FTSE 100 at lowest since 2013 as markets panic over China's downfall on 'Black Monday'

Japan's Nikkei suffered its biggest drop in two years, while the FTSE 100 fell below the 6,000 point.

Tube strikes: London eagerly awaits final review from unions over Night Tube dispute

The RMT, TSSA and Unite could cause travel misery for millions by walking out on 25 and 27 August.

Malaysia's Prime Minister Najib Razak pledges to broaden race based policies

Swiss authorities 'probing' link between banking sector and Malaysian state fund

Investigation is focused on 1Malaysia Development Bhd fund (1MDB), whose advisory board is headed by PM Najib Razak.

Mirantis to get $100m cash injection from Intel

US firm says investment will boost adoption of OpenStack cloud software in the enterprise sector.

BT accuses Verizon, AT&T of hurting competition with infrastructure monopolies

The two companies control about 80% of US's "special access network", the telephone and broadband lines used to carry data.

BHP-Billiton spin-off South32 to cut costs and capital expenditure

Company announces cost-cutting plans in its first financial results since its spin-off in May.

Sneak preview of startupbootcamp finalist Tradle bringing KYC to blockchains

Exclusive: IBTimes was invited along to London's startupbootcamp FinTech programme for a sneak preview of its finalists.

Oil prices at new 6.5-year lows; Brent and WTI fall below $45 and $40 respectively

Brent crude is down 2.38% at $44.38 per barrel as at 4.15am GMT, while WTI crude declined 2.92% at $39.47.

Deutsche Bank Headquarters Frankfurt Germany

Deutsche Bank mulls the potential of blockchain and the problem of legacy systems

IBTimes spoke to Deutsche Bank research analyst Thomas Dapp and Magister Advisors founder Victor Basta.

Private equity firms team up for Tesco's $6bn South Korean unit

Sale is expected to be Asia's biggest ever private equity deal.

Alibaba shares plunge closer to $68 IPO level

Shares closed 3.04% down at $68.18, taking the stock to a new 52-week low, amid a rout in US stock markets.

Ashley Madison hackers: 'Avid Life Media is like drug dealer abusing addicts'

Impact Team which hacked Ashley Madison explains its motivation behind the attack.

Ashley Madison hack: The five most scandalous data breaches of all time

Scandalous hacks like the security breach of adult website Ashley Madison happened frequently in recent years.

Tube strikes: How much does a London Underground walkout cost the economy?

IBTimes UK takes a look at the competing evidence as the capital prepares for more strikes.

Stealing ATM Pin codes using thermal imaging

iPhone and Android accessory can help thieves steal your PIN code at ATMs

Thermal imaging camera costing under £200 can steal a security code.

Greece: MPs break from Syriza to form Popular Unity after Prime Minister Alexis Tsipras resigns

Alexis Tsipras resignation calling for September general election prompts anti-bailout group to break ranks.

John McAfee: McAfee antivirus is one of the worst products on the planet

Antivirus pioneer McAfee says product that was sold to Intel in 2010 is one of the worst products in the world.

Uber seen projecting three-fold rise in 2015 bookings worth $10.84bn

Bookings reached $2.91bn in 2014 and $687.8m in 2013, according to a presentation.

Global stock markets slump on Greece turmoil and China slowdown

London's FTSE and German DAX both fall with political uncertainty and global economic growth to blame.

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