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Rising European bank deposits wind up at ECB

  Bloomberg Banks in the euro zone, flush with new deposits, have turned few of them into loans to companies and consumers. Instead they’ve parked most of the money at the European Central Bank, where they’re paying billions of euros for the privilege of keeping it there. Since June 2014, when the ECB cut rates below zero, deposits at euro-zone ...

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‘CIA hacks into devices from IPhones to smart TVs’

  Bloomberg The Central Intelligence Agency’s hackers have developed tools letting them break into devices from iPhones and Android phones to Samsung “smart” televisions to monitor conversations and messages, according to WikiLeaks. WikiLeaks, which specializes in disclosing government secrets, posted 8,761 documents and files on Tuesday that it said came from the CIA’s Center for Cyber Intelligence. The trove, if ...

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Alphabet’s Nest to work on cheaper thermostat

  Bloomberg Alphabet Inc.’s Nest, seeking a bigger share of the connected home market, is developing a cheaper version of its flagship thermostat and new home security products, according to a person familiar with the matter. The company is working on a version of its “learning thermostat,” which adjusts the temperature based on usage patterns, that would sell for under ...

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