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Updated: 1 min 39 sec ago

Kenya's latest mobile phone bond falls short of target

2 hours 35 min ago
NAIROBI (Reuters) - An innovative Kenyan bond which is bought via mobile phone had raised far less than the 1 billion shillings ($9.6 million) targeted on Friday, failing to match a previous success.
Categories: Technology NEWS

Lyft accelerates efforts to develop self-driving cars

5 hours 41 min ago
SAN FRANCISCO (Reuters) - Lyft Inc has formed a self-driving car division, company executives said, a bold investment for the second-largest U.S. ride-services firm as it jockeys for position in the highly competitive autonomous vehicle race.
Categories: Technology NEWS

LVMH's Louis Vuitton launches e-commerce website in China

5 hours 56 min ago
PARIS (Reuters) - French fashion brand Louis Vuitton, part of luxury giant LVMH , said on Friday it had launched an e-commerce website in China to tap a booming online shopping market.
Categories: Technology NEWS

Half of German companies hit by sabotage, spying in last two years, BSI says

6 hours 42 min ago
BERLIN (Reuters) - More than half the companies in Germany have been hit by spying, sabotage or data theft in the last two years, the German IT industry association Bitkom said on Friday, and estimated the attacks caused around 55 billion euros' worth of damage a year.
Categories: Technology NEWS

Private equity bid for Paysafe stokes payments M&A boom

6 hours 44 min ago
(Reuters) - Private equity firms Blackstone and CVC Capital Partners [CVC.UL] joined a rush to snap up payments companies on Friday with a 2.9 billion pound ($3.7 billion) bid for Paysafe Group.
Categories: Technology NEWS

Arista loses bid to lift import ban in Cisco battle

6 hours 45 min ago
(Reuters) - The U.S. government on Thursday dealt Arista Networks Inc a loss in its technology dispute with Cisco Systems Inc and refused to set aside an order blocking importation of some of Arista's network switches.
Categories: Technology NEWS

MasterCard says $18 billion British class action lawsuit blocked

8 hours 55 min ago
LONDON (Reuters) - A 14 billion pound ($18 billion) class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16-year period was blocked from proceeding by a judge, MasterCard said on Friday.
Categories: Technology NEWS

Exclusive: Baidu, JD.com to join others investing $12 billion in China Unicom - sources

11 hours 5 min ago
HONG KONG (Reuters) - Baidu Inc and JD.com will join other big Chinese technology firms, including Tencent Holdings , to jointly invest about $12 billion into state-owned mobile carrier China Unicom, two people with direct knowledge of the matter said.
Categories: Technology NEWS

LeEco's listed company names investor Sunac's Sun chairman

11 hours 47 min ago
HONG KONG (Reuters) - Leshi Internet Information & Technology, embattled Chinese tech group LeEco's main listed entity, said Sun Hongbin from investor Sunac China would take over as chairman from founder Jia Yueting.
Categories: Technology NEWS

Exclusive: Baidu, JD.com to join others investing $12 billion in China Unicom - sources

12 hours 2 min ago
HONG KONG (Reuters) - Baidu Inc and JD.com will join other big Chinese technology firms, including Tencent Holdings, to jointly invest about $12 billion into state-owned mobile carrier China Unicom, two people with direct knowledge of the matter said.
Categories: Technology NEWS

FTC probing allegations of Amazon's deceptive discounting

12 hours 49 min ago
WASHINGTON (Reuters) - As part of its review of Amazon's agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe.
Categories: Technology NEWS

Private equity Permira buys stake in Swedish payments firm Klarna

12 hours 50 min ago
(Reuters) - Private equity group Permira has bought a stake in payments firm Klarna, one of Europe's most highly valued tech startups.
Categories: Technology NEWS

Vodafone reports better-than-expected 2.2 percent growth in first quarter

14 hours 30 min ago
LONDON (Reuters) - Vodafone, the world's second largest mobile operator, reported better-than-expected 2.2 percent revenue growth in its first quarter, reflecting a robust performance in Italy and Spain and an acceleration in demand in Turkey.
Categories: Technology NEWS

LG Chem to provide Apple's iPhone batteries next year: Korea Economic Daily

18 hours 5 min ago
SEOUL (Reuters) - South Korea's LG Chem Ltd is slated to exclusively provide batteries for Apple's iPhone 9 which is likely to be launched next year, a Korean newspaper reported on Friday.
Categories: Technology NEWS

Microsoft profit beats expectations on strong cloud demand

18 hours 43 min ago
SAN FRANCISCO (Reuters) - Microsoft on Thursday reported strong fourth-quarter earnings on the back of its fast-growing cloud computing business, stoking optimism that the once-stagnant company has found a new groove.
Categories: Technology NEWS

Sao Paulo rideshare rules draw ire of apps, rental agencies

19 hours 49 min ago
SAO PAULO (Reuters) - New rules restricting drivers of out-of-town vehicles from working with ride-hailing services in São Paulo came under fire from technology and rental car executives on Thursday, who threatened to legally challenge the decision in Brazil's biggest city.
Categories: Technology NEWS

Tech group sides with Apple in Qualcomm's iPhone ban dispute

22 hours 31 min ago
(Reuters) - A group representing major technology companies has aligned itself against Qualcomm Inc in its legal dispute with Apple Inc by calling on regulators to reject Qualcomm's bid to ban the import of iPhones.
Categories: Technology NEWS

Snap under pressure as Wall Street eyes share lock-up expirations

Thu, 07/20/2017 - 21:13
SAN FRANCISCO (Reuters) - A potential flood of newly available Snap shares is weighing on Wall Street's already shaky support for the owner of the Snapchat social media app.
Categories: Technology NEWS

Musk says received 'verbal' approval for NY-DC hyperloop, gives no detail

Thu, 07/20/2017 - 17:55
SAN FRANCISCO (Reuters) - Entrepreneur Elon Musk on Thursday said that he had received "verbal government approval" to build an underground transport hyperloop between New York and Washington, D.C., although he did not say who gave the approval or how any such project would proceed.
Categories: Technology NEWS

Moscow in talks with U.S. to create cyber security working group: RIA report

Thu, 07/20/2017 - 17:54
MOSCOW/LONDON (Reuters) - Moscow and Washington are in talks to create a joint cyber security working group, Russia's RIA news agency reported on Thursday, citing Andrey Krutskikh, a special presidential envoy on cyber security.
Categories: Technology NEWS

PayPal to partner with JPMorgan

Thu, 07/20/2017 - 16:34
(Reuters) - PayPal Inc said on Thursday it would partner with JPMorgan Chase & Co , allowing the bank's customers to link their Chase Pay and PayPal accounts.
Categories: Technology NEWS

U.S. Justice Department shuts down dark web bazaar AlphaBay

Thu, 07/20/2017 - 16:15
WASHINGTON (Reuters) - The U.S. Justice Department on Thursday said law enforcement would shut down the dark web marketplace AlphaBay, saying it allowed thousands of vendors to sell illegal drugs.
Categories: Technology NEWS

Rakuten Viber buys shopping keyboard Chatter Commerce

Thu, 07/20/2017 - 16:06
TEL AVIV (Reuters) - Messaging app Rakuten Viber said on Thursday it acquired Chatter Commerce, a San Francisco-based startup that created a keyboard for mobile commerce called ShopChat.
Categories: Technology NEWS

Sears to sell Kenmore appliances on Amazon; shares jump

Thu, 07/20/2017 - 15:54
(Reuters) - Sears Holdings Corp's shares soared 20 percent after the struggling retailer said it would sell its Kenmore home appliances on Amazon.com and integrate the brand's smart gadgets with the online giant's Alexa digital assistant.
Categories: Technology NEWS

Amid VPN crackdown, China eyes upgrades to Great Firewall

Thu, 07/20/2017 - 15:21
BEIJING (Reuters) - A Chinese telecoms carrier said it had begun closing virtual private networks (VPNs) and other tools that can bypass the so-called Great Firewall, which state authorities use to filter and block traffic between Chinese and overseas servers.
Categories: Technology NEWS

Continental to buy 8-10 percent stake in mapping firm HERE: Magazin

Thu, 07/20/2017 - 15:14
BERLIN (Reuters) - German car manufacturing supplier Continental is in talks to acquire an 8-10 percent stake in the digital mapping firm HERE which is now controlled by Germany's leading carmakers, Manager Magazin said on Thursday, citing unnamed company sources.
Categories: Technology NEWS

Russia says in talks with U.S. to create cyber security working group: RIA

Thu, 07/20/2017 - 12:56
MOSCOW (Reuters) - Moscow and Washington are in talks to create a joint cyber security working group, RIA news agency reported on Thursday, citing Russia's special envoy on cyber security Andrey Krutskikh.
Categories: Technology NEWS

Maersk applies new IT security systems after malware attack

Thu, 07/20/2017 - 12:18
COPENHAGEN (Reuters) - A.P. Moller-Maersk said on Thursday its anti-virus software was not effective against a new type of malware that hit the Danish shipping giant last month, but said further protective measures have now been put in place.
Categories: Technology NEWS

BlackBerry wins right to sell secure messaging tools to U.S. government

Thu, 07/20/2017 - 12:04
TORONTO (Reuters) - BlackBerry Ltd said on Thursday it has won the right to sell tools for encrypting phone calls and text messages to the U.S. federal government, garnering an endorsement from the National Security Agency for the products.
Categories: Technology NEWS

China forecasts artificial intelligence industry to exceed 400 billion yuan by 2025

Thu, 07/20/2017 - 11:43
BEIJING (Reuters) - China unveiled a national artificial intelligence (AI) development plan on Thursday, and said it expects the value of its core AI industries to exceed 150 billion yuan by 2020 and 400 billion yuan ($59.07 billion) by 2025.
Categories: Technology NEWS

Volvo Cars plans technology-sharing venture with Geely

Thu, 07/20/2017 - 10:32
STOCKHOLM (Reuters) - Sweden's Volvo Car Group said on Thursday it would set up a joint venture with its Chinese parent to share existing and future technology with other brands in the Geely family.
Categories: Technology NEWS

Lenovo's PC business to return to positive growth this year: CEO

Thu, 07/20/2017 - 10:16
SHANGHAI (Reuters) - Lenovo Group Ltd's personal computer (PC) business will return to positive growth in the current fiscal year 2017/18, the firm's chief executive Yang Yuanqing told Reuters in an interview on Thursday.
Categories: Technology NEWS

Fintech charmed by Macron but reluctant to leave London for Paris

Thu, 07/20/2017 - 09:22
PARIS (Reuters) - France's fast-growing fintech sector is optimistic the country's dynamic new president will push it up the global rankings. But startups based in London do not yet seem ready to swap that key hub for Paris, even if they have French roots.
Categories: Technology NEWS

Payments group Ingenico to buy rival Bambora for 1.5 billion euros

Thu, 07/20/2017 - 08:00
PARIS (Reuters) - French payments specialist Ingenico is to buy rival Bambora from Nordic Capital for 1.5 billion euros ($1.7 billion), in the latest takeover deal to sweep the payments sector.
Categories: Technology NEWS

SAP posts second quarter profit below forecast on higher cloud costs

Thu, 07/20/2017 - 07:57
FRANKFURT (Reuters) - SAP, Europe's most valuable technology firm, posted rapid growth in its cloud services business in both revenue as well as expenses, putting a damper on its quarterly operating profit, which came in slightly below expectations.
Categories: Technology NEWS

Slack makes push for developers as competition intensifies

Thu, 07/20/2017 - 02:10
SAN FRANCISCO (Reuters) - Slack Technologies Inc on Wednesday showcased new tools designed to make it easier for developers to build apps for the company’s workplace collaboration software.
Categories: Technology NEWS

After 17 years, S&P tech index breaks record

Thu, 07/20/2017 - 00:52
SAN FRANCISCO (Reuters) - It took 17 years, but the S&P 500 information technology index has finally recovered from the implosion of the dot-com bubble.
Categories: Technology NEWS

Amazon launches shopping social network Spark for iOS

Wed, 07/19/2017 - 23:11
NEW YORK (Reuters) - Amazon.com Inc has launched a social feature called Spark that allows members to showcase and purchase products on its platforms, the retail giant's first clear move into the world of social media.
Categories: Technology NEWS

T-Mobile's quarterly revenue rises 10 percent

Wed, 07/19/2017 - 22:23
(Reuters) - T-Mobile US Inc, the No. 3 U.S. wireless carrier, reported a 10 percent rise in quarterly revenue as its promotional offers helped win subscribers from larger rivals Verizon Communications Inc and AT&T Inc.
Categories: Technology NEWS

Qualcomm's profit slumps amid Apple battle

Wed, 07/19/2017 - 22:23
(Reuters) - Qualcomm Inc reported a 40 percent slump in quarterly profit, hurt in part by its escalating patent battle with Apple Inc .
Categories: Technology NEWS

RadioShack brand to survive under new owner: sources

Wed, 07/19/2017 - 20:44
(Reuters) - The RadioShack brand will live on after a family office already owed $23 million by the bankrupt U.S. electronics chain agreed to assume ownership of it, as no other buyers submitted better bids this week, people familiar with the matter said.
Categories: Technology NEWS

GM cleared in first case over updated ignition switch

Wed, 07/19/2017 - 19:58
NEW YORK (Reuters) - A federal jury in New York on Wednesday found General Motors was not to blame for a crash of an Arizona man who alleged that his accident was caused by an updated version of the carmaker's ignition switch that did not adequately fix the flaws of a previous model.
Categories: Technology NEWS

Austrian activist, 25,000 supporters seek right to bring class-action suit against Facebook

Wed, 07/19/2017 - 19:17
LUXEMBOURG (Reuters) - The Court of Justice of the European Union (ECJ) heard arguments on Wednesday over whether to allow a class action suit against Facebook, brought by Austrian privacy activist Max Schrems - and about 25,000 other users across the globe.
Categories: Technology NEWS

New banking regulator defends agency effort to regulate fintech

Wed, 07/19/2017 - 19:11
WASHINGTON (Reuters) - The new head of a U.S. banking regulatory agency on Wednesday defended his predecessor's efforts to explore granting special federal charters to startup online lenders.
Categories: Technology NEWS

House panel approves broad proposal on self-driving cars

Wed, 07/19/2017 - 18:17
WASHINGTON (Reuters) - A U.S. House panel on Wednesday approved a sweeping proposal by voice vote to allow automakers to deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards and bar states from imposing driverless car rules.
Categories: Technology NEWS

SolarCity co-founder Peter Rive to quit Tesla

Wed, 07/19/2017 - 15:53
(Reuters) - Tesla Inc said SolarCity co-founder Peter Rive is leaving the company, eight months after the electric car maker bought the biggest U.S. residential solar panel maker.
Categories: Technology NEWS

Facebook to launch news subscription product: TheStreet

Wed, 07/19/2017 - 15:24
(Reuters) - Facebook Inc plans to launch a subscription-based news product, and will begin initial tests in October, TheStreet reported on Tuesday, citing the social media company's news partnerships head Campbell Brown at a conference.
Categories: Technology NEWS

Shares in video games maker Ubisoft hit record high after first-quarter sales

Wed, 07/19/2017 - 15:21
PARIS (Reuters) - Shares in French video games maker Ubisoft hit a record high on Wednesday, after Ubisoft posted an increase in first-quarter sales.
Categories: Technology NEWS

Court reinstates Uber ban in second-biggest Czech city

Wed, 07/19/2017 - 15:16
PRAGUE (Reuters) - A Czech regional court on Wednesday reinstated its ban preventing ride-hailing service Uber from operating in Brno, the country's second-largest city, the court spokeswoman said.
Categories: Technology NEWS

French court refers 'right to be forgotten' dispute to top EU court

Wed, 07/19/2017 - 14:46
PARIS (Reuters) - EU judges will have to decide whether Google has to remove certain web search results globally to comply with a previous privacy ruling, after France's supreme administrative court referred the issue to the top EU court on Wednesday.
Categories: Technology NEWS

Bank of England opens up payments systems to spur fintech

Wed, 07/19/2017 - 13:21
LONDON (Reuters) - The Bank of England has widened access to Britain's interbank payments system to increase competition from new fintech firms in the financial system, where the "Big Four" high street banks have long dominated.
Categories: Technology NEWS

NBC News to launch twice-daily show on Snapchat

Wed, 07/19/2017 - 12:13
(Reuters) - Comcast Corp's NBC News is launching a twice-per-day news show on Snapchat, the company said on Wednesday, part of its push to attract younger viewers who tend to watch TV on mobile devices.
Categories: Technology NEWS

London Stock Exchange Group tests blockchain for private company shares

Wed, 07/19/2017 - 10:04
NEW YORK/LONDON (Reuters) - The London Stock Exchange Group Plc has teamed up with IBM to build a blockchain-based platform to digitally issue private shares of small and medium enterprises in Italy.
Categories: Technology NEWS

Four Apple contractors accuse Qualcomm of antitrust violations

Wed, 07/19/2017 - 09:06
(Reuters) - iPhone chip supplier Qualcomm Inc faces a fresh set of antitrust allegations from a group of four companies that assemble the iPhone and other products on behalf of Apple Inc.
Categories: Technology NEWS

Google redesigns mobile search app with personalized 'feed'

Wed, 07/19/2017 - 09:04
SAN FRANCISCO (Reuters) - Google on Wednesday announced an overhaul of its search app on mobile phones to include a personalized feed of links about hobbies, travel, sports and other topics, a move that puts the search company into more direct competition with social networks such as Facebook.
Categories: Technology NEWS

Toshiba says resumed blocking Western Digital access to chip JV

Wed, 07/19/2017 - 08:30
TOKYO (Reuters) - Toshiba Corp said it resumed blocking access by Western Digital Corp to data at their memory chip joint venture, amid a feud over the Japanese company's planned auction of the chip business.
Categories: Technology NEWS

VEON offers mobile messaging app in five markets, including Russia

Wed, 07/19/2017 - 07:13
FRANKFURT (Reuters) - Global telecom operator VEON said on Wednesday it was making progress in its strategy to reinvent itself as an online player by introducing its messaging and mobile services app in four new markets, including its largest in Russia and Pakistan.
Categories: Technology NEWS

GM joins other carmakers investing in self-driving startup Nauto

Wed, 07/19/2017 - 06:06
(Reuters) - General Motors Co and Japan's Softbank Group Corp are among the latest investors in Nauto, a Silicon Valley startup developing software for self-driving vehicles.
Categories: Technology NEWS

Amazon makes cloud contract more customer-friendly as rivals loom

Wed, 07/19/2017 - 00:45
SAN FRANCISCO (Reuters) - Amazon.com Inc has done away with a controversial clause in its cloud computing contracts that prohibited customers from suing the company over patent infringement, according to an updated version of the Amazon Web Services customer agreement released on Thursday.
Categories: Technology NEWS

Silicon Valley mostly quiet in internet surveillance debate in Congress

Tue, 07/18/2017 - 22:25
WASHINGTON (Reuters) - Facebook Inc, Alphabet Inc's Google, Apple Inc and other major technology firms are largely absent from a debate over the renewal of a broad U.S. internet surveillance law, weakening prospects for privacy reforms that would further protect customer data, according to sources familiar with the matter.
Categories: Technology NEWS

IBM's second-quarter revenue dips 4.7 percent

Tue, 07/18/2017 - 22:13
(Reuters) - International Business Machines Corp reported a 4.7 percent decline in quarterly revenue on Tuesday, hurt largely by weak demand in its technology services business.
Categories: Technology NEWS

Samsung, America Movil announce partnership in Latin America

Tue, 07/18/2017 - 19:33
MEXICO CITY (Reuters) - Samsung Electronics Co. and America Movil, the telecoms company controlled by Mexican billionaire Carlos Slim, said in a joint statement on Tuesday they had signed an agreement to provide the latest technology to Latin American consumers.
Categories: Technology NEWS

Western Digital CEO meeting Japan officials over Toshiba row: sources

Tue, 07/18/2017 - 16:31
TOKYO (Reuters) - Western Digital Corp's top executive is in Japan to meet government officials, aiming to resolve a dispute with Toshiba Corp over the Japanese company's planned sale of its chip business, sources familiar with the matter said on Tuesday.
Categories: Technology NEWS

French videogame maker Atari reveals its new console

Tue, 07/18/2017 - 15:28
(Reuters) - French videogame maker Atari SA provided the first details of its "Ataribox", the iconic company's first console in more than two decades.
Categories: Technology NEWS

Uber-style app 'Careem' goes off beaten track in Palestinian West Bank

Tue, 07/18/2017 - 15:05
RAMALLAH, West Bank (Reuters) - Careem, a Middle Eastern rival to Uber, has become the first ride-hailing firm to operate in the Israeli-occupied West Bank.
Categories: Technology NEWS

Cyber startup StackRox raises $14 million in round led by Sequoia

Tue, 07/18/2017 - 14:07
(Reuters) - Cyber-security startup StackRox said on Tuesday it has raised $14 million in a Series A funding round led by Sequoia Capital, providing the three-year old company with funds to use for product development and expansion of its sales team.
Categories: Technology NEWS

Netflix wins international Crown with original shows

Tue, 07/18/2017 - 14:03
(Reuters) - Twenty years after Reed Hastings co-founded Netflix Inc, and a decade after the company introduced video streaming, it hit another milestone - one that is key to its ability to sustain its scorching pace of growth.
Categories: Technology NEWS

Ericsson remains in the red, market outlook darkens

Tue, 07/18/2017 - 13:18
STOCKHOLM (Reuters) - Sweden's Ericsson reported a worse than expected second-quarter loss on Tuesday and lowered its forecast for the mobile infrastructure market, blaming persistent low investment by telecoms companies.
Categories: Technology NEWS

Britain's cyber security center says has never certified Kaspersky products

Tue, 07/18/2017 - 11:42
LONDON (Reuters) - Britain's National Cyber Security Centre said on Tuesday it had never certified products from Russian cyber security firm Kaspersky Lab.
Categories: Technology NEWS

Two private equity groups submit bids for Hutchison fixed-line unit: sources

Tue, 07/18/2017 - 07:44
HONG KONG (Reuters) - A consortium of private equity firms TPG Capital Management LP and MBK Partners, and investment manager I Squared Capital Advisors LLC have put in separate bids for the fixed-line phone unit of Hong Kong's richest man, Li Ka-Shing, said people involved in the matter.
Categories: Technology NEWS

Indian e-commerce firm Flipkart lifts bid for rival Snapdeal to up to $950 million

Tue, 07/18/2017 - 05:51
MUMBAI (Reuters) - Indian e-commerce player Flipkart has sweetened its buyout offer for smaller rival Snapdeal to between $900 million and $950 million, two people familiar with the negotiations said, adding that the new proposal is being evaluated by the company's board.
Categories: Technology NEWS

Samsung Elec to recover rare metals from recalled Note 7s

Tue, 07/18/2017 - 04:10
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Tuesday it plans to recover 157 tonnes' worth of rare metals from recalled Galaxy Note 7 smartphones in a bid to minimize the environmental impact of the fire-prone devices.
Categories: Technology NEWS

Toshiba shares surge after Greenlight stake, U.S. court hearing

Tue, 07/18/2017 - 03:56
TOKYO (Reuters) - Toshiba Corp shares jumped on Tuesday after a U.S. hedge fund said it had added a stake and after Western Digital Corp did not gain an immediate injunction to block the $18 billion sale of the Japanese conglomerate's chip unit.
Categories: Technology NEWS

Netflix's subscriber growth beats on strong original shows

Mon, 07/17/2017 - 22:13
(Reuters) - Netflix Inc added more U.S. and international subscribers than expected in the second quarter as new original shows such as "13 Reasons Why" as well as the latest season of hit political drama "House of Cards" helped attract more viewers.
Categories: Technology NEWS

Tesla driver denies 'Autopilot' led to Minnesota crash

Mon, 07/17/2017 - 20:05
WASHINGTON (Reuters) - The driver of a Tesla involved in a crash in Minnesota on Saturday denied that the vehicle's Autopilot system had led to the incident, according to an email released by the automaker.
Categories: Technology NEWS

U.S. appeals court upholds nondisclosure rules for surveillance orders

Mon, 07/17/2017 - 19:47
WASHINGTON (Reuters) - A U.S. federal appeals court on Monday upheld nondisclosure rules that allow the FBI to secretly issue surveillance orders for customer data to communications firms, a ruling that dealt a blow to privacy advocates.
Categories: Technology NEWS

Somalia restores internet connection after weeks of outage

Mon, 07/17/2017 - 17:48
MOGADISHU (Reuters) - Somalia has restored its internet connection after repairing a severed undersea cable, a telecoms official said on Monday, after an outage that the government said had cost the economy millions of dollars a day.
Categories: Technology NEWS

FedEx says cyber attack to hurt its 2018 results

Mon, 07/17/2017 - 15:32
(Reuters) - Package delivery company FedEx Corp said its 2018 results would be hurt in part due to disruption of operations at its TNT Express unit as a result of a cyber attack in June.
Categories: Technology NEWS

South African opposition party to file criminal complaint against SAP

Mon, 07/17/2017 - 15:25
JOHANNESBURG (Reuters) - South Africa's opposition Democratic Alliance (DA) said on Monday it would file a criminal complaint against German software giant SAP over allegations of corruption involving friends of President Jacob Zuma.
Categories: Technology NEWS

Former AVG executives beef up cyber security investment fund

Mon, 07/17/2017 - 15:06
PRAGUE (Reuters) - A group of former executives and investors from anti virus software maker AVG Technologies have raised an additional $55 million for their fund that invests in cyber security companies, its managing partner said.
Categories: Technology NEWS

Qualcomm loses appeal against EU threat of daily fine

Mon, 07/17/2017 - 14:53
BRUSSELS (Reuters) - U.S. chipmaker Qualcomm faces the threat of a daily fine of 580,000 euros ($665,000) for failing to provide EU antitrust regulators with information after losing an appeal against the penalty in an EU court on Monday.
Categories: Technology NEWS

Ex-LendingClub CEO Laplanche sees new Upgrade venture growing loan volumes

Mon, 07/17/2017 - 14:37
HONG KONG (Reuters) - Online lender Upgrade, launched by former LendingCLub Corp CEO Renaud Laplanche in April, expects to grow its loan volumes and add new asset managers to its roster of buyers in coming months, Laplanche said in an interview on Monday.
Categories: Technology NEWS

India's Religare Securities says it suffers cyber attack

Mon, 07/17/2017 - 14:36
MUMBAI (Reuters) - India's Religare Securities has suffered a virus attack of medium severity but its systems, operations and sensitive client information were secure and unaffected, it said on Monday.
Categories: Technology NEWS

China's Leshi votes for new board as creditors protest parent LeEco

Mon, 07/17/2017 - 13:54
HONG KONG (Reuters) - An extraordinary shareholder meeting for the listed unit of indebted Chinese tech group LeEco ended amid protest from creditors on Monday and without the election of a chairman to replace embattled founder Jia Yueting.
Categories: Technology NEWS

China's Lufax to launch first overseas platform in Singapore

Mon, 07/17/2017 - 12:59
SINGAPORE (Reuters) - Chinese online wealth management giant Lufax will launch its first overseas platform in Singapore, the company said on Monday, as a more welcoming regulatory environment gave the city state an edge over neighboring Hong Kong.
Categories: Technology NEWS

Major tech firms urge U.S. to retain net neutrality rules

Mon, 07/17/2017 - 12:09
WASHINGTON (Reuters) - A group representing major technology firms including Alphabet Inc and Facebook Inc urged the U.S. Federal Communications Commission on Monday to abandon plans to reverse the landmark 2015 rules barring internet service providers from blocking or slowing consumer access to web content.
Categories: Technology NEWS

UAE minister denies any hacking of Qatar

Mon, 07/17/2017 - 10:43
DUBAI (Reuters) - The United Arab Emirates was not responsible for an alleged hack of Qatari websites which helped spark a month-long diplomatic rift with Doha, the UAE's minister of state for foreign affairs said on Monday.
Categories: Technology NEWS

Vodafone Qatar says access to network hit by technical issues

Mon, 07/17/2017 - 10:08
DOHA (Reuters) - Vodafone Qatar, an affiliate of Vodafone Group, said on Monday that access to its network was being affected by technical issues.
Categories: Technology NEWS

Internet outage in violence-plagued Somalia is extra headache for businesses

Mon, 07/17/2017 - 08:33
MOGADISHU (Reuters) - A severed marine cable has left Somalia without internet for weeks, triggering losses for businesses, residents said, and adding a layer of chaos in a country where Islamist insurgents are carrying out a campaign of bombings and killings.
Categories: Technology NEWS

French payments group Worldline to buy Digital River World Payments

Mon, 07/17/2017 - 08:26
PARIS (Reuters) - French payments company Worldline has agreed to buy Swedish peer Digital River World Payments as merger activity in the payments sector picks up following this month's takeover of Worldpay.
Categories: Technology NEWS

Uber says will suspend operations in Macau

Mon, 07/17/2017 - 07:16
HONG KONG (Reuters) - Ride-sharing company Uber Technologies Inc said on Monday it will suspend operations in the former Portuguese territory of Macau from July 22 as it could "not secure a business environment" to "unlock the full benefits of ride-sharing".
Categories: Technology NEWS

MidEast ride-hailing firm Careem buys stake in Egyptian transport start-up

Mon, 07/17/2017 - 06:48
DUBAI (Reuters) - Ride-hailing firm Careem, a Middle East rival to Uber Technologies Inc, has bought a minority stake in a three-month-old Egyptian start-up that connects commuters with private buses in Cairo.
Categories: Technology NEWS

Global cyber attack could spur $53 billion in losses: Lloyd's of London

Mon, 07/17/2017 - 06:18
(Reuters) - A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd's of London said in a report on Monday.
Categories: Technology NEWS

Message service Telegram to shut some public channels after Indonesia ban

Mon, 07/17/2017 - 03:30
JAKARTA (Reuters) - Encrypted messaging service Telegram will shut down "terrorist-related" public channels, its founder said on Sunday, after Indonesia's government blocked access to the platform citing security concerns.
Categories: Technology NEWS

Carlyle to buy airfield lighting group ADB Safegate: sources

Sat, 07/15/2017 - 18:38
LONDON/FRANKFURT (Reuters) - Buyout group Carlyle has agreed to buy airfield lighting group ADB Safegate at a valuation of about 900 million euros ($1 billion) including debt, sources familiar with the matter said.
Categories: Technology NEWS

Italy minister says row with Telecom Italia boss is over

Sat, 07/15/2017 - 16:37
ROME (Reuters) - A spat between Rome and Telecom Italia's (TIM) chief executive over the rollout of ultrafast broadband has been resolved, Italian industry minister Carlo Calenda said in an interview published on Saturday.
Categories: Technology NEWS

GM teams up with Uber to expand Maven program to Australia

Sat, 07/15/2017 - 09:16
SYDNEY (Reuters) - General Motors Co said on Saturday it was testing its car-sharing operation, Maven, in Australia through a pilot program with ride-hailing company Uber Technologies Inc [UBER.UL].
Categories: Technology NEWS

Greenlight Capital takes stake in Toshiba, says its funds fell 4 percent in second quarter

Sat, 07/15/2017 - 03:14
(Reuters) - Hedge fund Greenlight Capital said on Friday that it had added a stake in Toshiba Corp as it expects the stock to rise once the Japanese company resolves uncertainties around its bankrupt Westinghouse unit and the sale of its memory business.
Categories: Technology NEWS

U.S. judge postpones decision in bid to block Toshiba memory unit sale

Fri, 07/14/2017 - 23:35
(Reuters) - A U.S. judge did not reach a decision Friday in Western Digital Corp's bid to temporarily block Toshiba Corp from selling its flash memory business in an $18 billion deal.
Categories: Technology NEWS

Uber shareholders discuss stock sale to SoftBank, others: Bloomberg

Fri, 07/14/2017 - 23:34
(Reuters) - Uber Technologies Inc's shareholders and its board, led by venture capital firm Benchmark, have discussed selling some of their shares to Masayoshi Son's SoftBank Group Corp  and other potential investors, Bloomberg reported, citing people familiar with the matter.
Categories: Technology NEWS

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