TECHNEWS

Trump told Apple CEO iPhones will be spared from China tariffs: NYT

20 min 26 sec ago
(Reuters) - President Donald Trump told Apple Inc Chief Executive Tim Cook that the U.S. government would not levy tariffs on iPhones assembled in China, the New York Times reported on Monday, citing a source familiar with the negotiations.
Categories: TECHNOLOGY NEWS

Beijing subway to get 'bio-ID' tracking systems: China Daily

27 min 30 sec ago
SHANGHAI (Reuters) - The Chinese capital, Beijing, is looking at introducing "bio-recognition technology", including palm scanners and facial recognition cameras, to speed up passenger flow through subway stations at peak times, state media reported on Tuesday.
Categories: TECHNOLOGY NEWS

Tesla's Musk alleges 'extensive' employee sabotage

2 hours 12 min ago
SAN FRANCISCO (Reuters) - Tesla Inc Chief Executive Elon Musk accused an employee of "extensive and damaging sabotage" to the company's operations in an email sent on Monday to company employees.
Categories: TECHNOLOGY NEWS

Senate passes defense bill, battle looms with Trump over China's ZTE

2 hours 39 min ago
WASHINGTON (Reuters) - The U.S. Senate passed a $716 billion defense policy bill on Monday, backing President Donald Trump's call for a bigger, stronger military but setting up a potential battle with the White House over Chinese telecommunications firm ZTE Corp.
Categories: TECHNOLOGY NEWS

U.S. regulator to send observer for Tesla probe of Model S fire

Mon, 06/18/2018 - 21:49
(Reuters) - The U.S. National Transportation Safety Board (NTSB) will send a technical specialist to observe a Tesla Inc examination into the causes of a battery fire last Friday involving one of the electric automaker's Model S vehicles in California, the agency said on Monday.
Categories: TECHNOLOGY NEWS

Exclusive: GameStop in talks with buyout firms after drawing interest - sources

Mon, 06/18/2018 - 21:36
(Reuters) - Video game and electronics retailer GameStop Corp is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday.
Categories: TECHNOLOGY NEWS

Exclusive: Retailer GameStop in talks with buyout firms after receiving takeover interest - sources

Mon, 06/18/2018 - 21:15
(Reuters) - Videogame and electronics retailer GameStop Corp is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday.
Categories: TECHNOLOGY NEWS

Google to invest $550 million in China e-commerce giant JD.com

Mon, 06/18/2018 - 21:07
(Reuters) - Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
Categories: TECHNOLOGY NEWS

SurveyMonkey confidentially files for IPO

Mon, 06/18/2018 - 19:00
(Reuters) - U.S. online survey company SurveyMonkey on Monday said it had confidentially registered for an initial public offering with the Securities and Exchange Commission, through its parent SVMK Inc.
Categories: TECHNOLOGY NEWS

Norway tests tiny electric plane, sees passenger flights by 2025

Mon, 06/18/2018 - 18:58
OSLO (Reuters) - Norway tested a two-seater electric plane on Monday and predicted a start to passenger flights by 2025 if new aviation technologies match a green shift that has made Norwegians the world's top buyers of electric cars.
Categories: TECHNOLOGY NEWS

Square obtains NY State cryptocurrency license

Mon, 06/18/2018 - 17:03
NEW YORK (Reuters) - Square Inc , the payments company founded by Twitter Inc CEO Jack Dorsey, has obtained a license to offer New York state residents the ability to buy and sell bitcoin through its Cash App, the company said on Monday.
Categories: TECHNOLOGY NEWS

Swiss crypto firm says gets license to distribute funds

Mon, 06/18/2018 - 16:52
ZURICH (Reuters) - Zug-based Crypto Fund AG said on Monday it had received a license from the Swiss authorities to distribute funds (not to operate as an asset manager for crypto funds), saying it was the first time a crypto firm had been granted such permission.
Categories: TECHNOLOGY NEWS

EU sees signs of improvement after Google antitrust shopping case

Mon, 06/18/2018 - 16:45
BRUSSELS (Reuters) - It is too early to judge Google's reforms in response to an antitrust case over online shopping, though there are signs some rivals are benefiting, Europe's competition chief said on Monday.
Categories: TECHNOLOGY NEWS

Amazon sells Australians a way to beat geoblock with Prime

Mon, 06/18/2018 - 16:06
SYDNEY (Reuters) - Amazon.com Inc began offering its paid subscription service in Australia on Tuesday, wooing premium users with a way around the geoblock on its offshore websites that has drawn criticism in the world's 12th-biggest economy.
Categories: TECHNOLOGY NEWS

Asset manager says secures Swiss license to manage crypto funds

Mon, 06/18/2018 - 15:57
ZURICH (Reuters) - Zug-based Crypto Fund AG said on Monday it had received a license from the Swiss authorities to operate as an asset manager for crypto funds, saying it was the first time any firm had been granted such permission.
Categories: TECHNOLOGY NEWS

U.S. top court mulls Apple's App Store commissions in antitrust case

Mon, 06/18/2018 - 15:39
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday agreed to take up Apple Inc's bid to escape a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to pay more than they should.
Categories: TECHNOLOGY NEWS

Amazon to add over 1,000 jobs in Ireland in country's biggest staff boost this year

Mon, 06/18/2018 - 15:22
DUBLIN (Reuters) - Amazon will add more than 1,000 new jobs in Ireland over the next two years, the U.S. online retail giant said on Monday, taking its workforce to more than 3,500 in a country that continues to be a magnet for major technology firms.
Categories: TECHNOLOGY NEWS

Canada's Magna partners with BAIC unit to make electric cars in China

Mon, 06/18/2018 - 14:35
(Reuters) - Canadian auto parts supplier Magna International Inc said on Monday it would set up two joint ventures with Beijing Electric Vehicle Co to build electric cars in China.
Categories: TECHNOLOGY NEWS

Canada's Magna forms JVs to make electric cars in China

Mon, 06/18/2018 - 14:14
(Reuters) - Canadian auto parts supplier Magna International Inc said on Monday it would set up two joint ventures with Beijing Electric Vehicle Co to build electric cars in China.
Categories: TECHNOLOGY NEWS

Behind flashy IPO of Japan's Mercari lies a thriving thrift economy

Mon, 06/18/2018 - 12:47
TOKYO (Reuters) - When flea market app Mercari makes its market debut on Tuesday, it will mark the appearance of one of Japan's rarest beasts: a tech unicorn.
Categories: TECHNOLOGY NEWS

China's Huawei rebuts Australian security concerns amid Sino-Canberra tensions

Mon, 06/18/2018 - 09:19
SYDNEY (Reuters) - Chinese telecoms equipment maker Huawei Technologies refuted Australian claims it poses a security risk, calling the criticism "ill-informed" in an open letter on Monday that threatens to inflame already heightened Sino-Canberra tensions.
Categories: TECHNOLOGY NEWS

China's Huawei blasts Australian security concerns amid Sino-Canberra tensions

Mon, 06/18/2018 - 06:12
SYDNEY (Reuters) - Chinese telecoms equipment maker Huawei Technologies Co Ltd [HWT.UL] said Australian claims it poses a security risk are "ill-informed" as it published an open letter on Monday that threatens to inflame already heightened Sino-Canberra tensions.
Categories: TECHNOLOGY NEWS

Google to invest $550 million in Chinese e-commerce giant JD.com

Mon, 06/18/2018 - 06:03
SINGAPORE (Reuters) - Google will invest $550 million in Chinese e-commerce powerhouse JD.com , part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com .
Categories: TECHNOLOGY NEWS

Exclusive: Mellanox nears truce with Starboard over board seats - sources

Mon, 06/18/2018 - 02:42
NEW YORK (Reuters) - Mellanox Technologies Inc , a chipmaker based in Israel and the United States, is close to reaching a deal with activist investor Starboard Value LP over the composition of its board of directors, people familiar with the matter said on Sunday.
Categories: TECHNOLOGY NEWS

China's Huawei goes on offensive as exclusion from Australia 5G deal looms

Mon, 06/18/2018 - 01:16
SYDNEY (Reuters) - Chinese telecommunications company Huawei Technologies Co Ltd [HWT.UL] has gone on the offensive against Australian claims it poses a security risk, issuing an open letter to the government saying that view was "ill-informed."
Categories: TECHNOLOGY NEWS

The bigger Cryptocurrencies get, the worse they perform: BIS

Sun, 06/17/2018 - 18:17
LONDON (Reuters) - Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies.
Categories: TECHNOLOGY NEWS

BIS wants tighter rules for funds offering credit, fintech

Sun, 06/17/2018 - 18:13
LONDON (Reuters) - Regulations introduced after the financial crisis a decade ago to smooth out banking booms and busts should be extended to funds that provide credit, or shadow banks, and fintech firms, the Bank for International Settlements (BIS) said on Sunday.
Categories: TECHNOLOGY NEWS

South Africa's Liberty Holdings suffers cyber attack

Sun, 06/17/2018 - 15:45
JOHANNESBURG (Reuters) - South African insurer Liberty Holdings said on Sunday it had become the victim of a cyber attack, with an external party claiming to have seized data from the firm and demanding payment.
Categories: TECHNOLOGY NEWS

Portugal app empowers disabled to win better access to buildings

Sat, 06/16/2018 - 15:41
LISBON (Reuters) - Fed up with the obstacle course of Lisbon's narrow footways and stairs in doorways, wheelchair user Ricardo Teixeira has taken matters into his own hands, giving disabled people the chance to fight back and instantly report violations via a phone app.
Categories: TECHNOLOGY NEWS

Foxconn announces North American headquarters in Wisconsin

Sat, 06/16/2018 - 14:03
SHANGHAI (Reuters) - Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city's downtown area.
Categories: TECHNOLOGY NEWS

Apple, Qualcomm battle over possible ban on some U.S. iPhone imports

Sat, 06/16/2018 - 01:32
(Reuters) - The staff of the U.S. International Trade Commission on Friday recommended that a trade judge find that Apple Inc infringed at least one of Qualcomm Inc's patents, a move that could lead to blocking the import of some iPhones.
Categories: TECHNOLOGY NEWS

Video game influencers scout hot new titles at Los Angeles conference

Fri, 06/15/2018 - 23:50
LOS ANGELES (Reuters) - Video game influencers scoured the industry's massive trade show this week to find the hottest new titles, looking for material to fuel their careers playing video games for online audiences.
Categories: TECHNOLOGY NEWS

Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back

Fri, 06/15/2018 - 23:33
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world's two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind.
Categories: TECHNOLOGY NEWS

AT&T CEO says ready to invest, WarnerMedia rebranding unveiled

Fri, 06/15/2018 - 22:55
(Reuters) - AT&T Inc is committed to spend as much as needed on the media business of newly acquired Time Warner Inc, Chief Executive Randall Stephenson told CNBC on Friday, with a plan to invest $21 billion to $22 billion in the combined company.
Categories: TECHNOLOGY NEWS

Trump sets $50 billion in China tariffs; Beijing vows to strike back

Fri, 06/15/2018 - 22:24
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world's two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind.
Categories: TECHNOLOGY NEWS

Apple poaches senior self-driving engineer from Waymo

Fri, 06/15/2018 - 21:41
(Reuters) - Apple Inc has hired a senior self-driving car engineer from Alphabet Inc's Waymo unit, Apple said on Friday, a sign that the iPhone maker maintains autonomous vehicle ambitions.
Categories: TECHNOLOGY NEWS

Sprint, T-Mobile plan to file deal application to FCC on Monday

Fri, 06/15/2018 - 19:11
WASHINGTON (Reuters) - Wireless companies Sprint Corp and T-Mobile US Inc have informed the Federal Communications Commission that they will formally file an application asking for approval to merge on Monday, according to a document seen by Reuters.
Categories: TECHNOLOGY NEWS

AT&T CEO says ready to invest, keep culture at Time Warner: CNBC

Fri, 06/15/2018 - 18:16
(Reuters) - AT&T Inc is committed to spend as much as needed on the media business of newly acquired Time Warner Inc, Chief Executive Randall Stephenson told CNBC on Friday, with a plan to invest $21 billion to $22 billion in the combined company.
Categories: TECHNOLOGY NEWS

Comcast gains unconditional EU antitrust approval to buy Sky

Fri, 06/15/2018 - 16:32
BRUSSELS (Reuters) - EU antitrust regulators have given the green light to U.S. cable company Comcast's plan to acquire European pay-TV group Sky without demanding concessions.
Categories: TECHNOLOGY NEWS

With jobs short but power cheap, Kosovars get mining - cryptocurrency

Fri, 06/15/2018 - 16:22
PRISTINA/SARAJEVO (Reuters) - What do you do in Kosovo, one of Europe's poorest countries, if you're unemployed but young, computer-savvy and proficient in English? If you're also entrepreneurial, one cottage industry you might consider is 'mining' cryptocurrency, or digital coins.
Categories: TECHNOLOGY NEWS

Carrefour boss hails progress in e-commerce strategy

Fri, 06/15/2018 - 15:35
PARIS (Reuters) - Carrefour's new alliances with tech giants Google and China's Tencent show the French retailer's e-commerce offensive is making big progress, chief executive Alexandre Bompard told shareholders on Friday.
Categories: TECHNOLOGY NEWS

Trump sets $50 billion in China tariffs with Beijing ready to strike back

Fri, 06/15/2018 - 14:56
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world's two largest economies.
Categories: TECHNOLOGY NEWS

Trump announces 25 percent tariff on Chinese technology

Fri, 06/15/2018 - 14:30
WASHINGTON (Reuters) - President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the Asian nation takes retaliatory measures.
Categories: TECHNOLOGY NEWS

Qualcomm extends cash tender offer to buy NXP shares

Fri, 06/15/2018 - 13:55
(Reuters) - Qualcomm Inc has extended by a week its cash tender offer to buy all shares of NXP Semiconductors NV for $44 billion, the chipmaker said on Friday.
Categories: TECHNOLOGY NEWS

Carrefour boss says e-commerce strategy starting to bear fruit

Fri, 06/15/2018 - 13:04
PARIS (Reuters) - Carrefour boss Alexandre Bompard on Friday told shareholders that new alliances with tech giants Google and China's Tencent showed the French retailer's e-commerce offensive was making an impact.
Categories: TECHNOLOGY NEWS

Chinese cyber attacks on Taiwan government becoming harder to detect: source

Fri, 06/15/2018 - 12:46
TAIPEI (Reuters) - Cyber attacks from China on Taiwan's government computers are becoming more difficult to detect, a source close to government discussions said, as hackers increasingly use online platforms such as search engines to break into systems.
Categories: TECHNOLOGY NEWS

China vows action against 'blind' electric vehicle growth

Fri, 06/15/2018 - 12:39
SHANGHAI (Reuters) - China will take action to curb the "blind" development of its rapidly growing electric vehicle sector, a spokeswoman for the state planning agency said on Friday.
Categories: TECHNOLOGY NEWS

Zara looks to technology to keep up with faster fashion

Fri, 06/15/2018 - 10:17
MADRID (Reuters) - The pioneer of fast fashion isn't looking so fast anymore.
Categories: TECHNOLOGY NEWS

ZTE's shares slide on trade war jitters, lost 30 percent of market value this week

Fri, 06/15/2018 - 09:43
HONG KONG (Reuters) - Shares of ZTE Corp plummeted on Friday on renewed worries of a trade war and the Chinese telecommunications giant has now lost 30 percent of its market value since share trading resumed this week.
Categories: TECHNOLOGY NEWS

Qualcomm-NXP deal still waiting for China nod: sources

Fri, 06/15/2018 - 06:30
BEIJING/SHANGHAI (Reuters) - China is yet to approve U.S. chipmaker Qualcomm Inc's proposed $44 billion acquisition of NXP Semiconductors , three people close to the talks said, dismissing an earlier media report that said Beijing had already greenlit the deal.
Categories: TECHNOLOGY NEWS

Chinese ride-sharing giant Didi picks Australia for first Western foray

Fri, 06/15/2018 - 06:26
SYDNEY (Reuters) - Didi Chuxing Technology Co Ltd, the Chinese ride-sharing company which bought the mainland operations of Uber Technologies Inc [UBER.UL], said it will begin offering its service this month in Australia, its first foray in a Western country.
Categories: TECHNOLOGY NEWS

AT&T closes $85 billion deal for Time Warner

Fri, 06/15/2018 - 03:25
WASHINGTON (Reuters) - AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after U.S. antitrust regulators indicated they would not seek a delay.
Categories: TECHNOLOGY NEWS

How Reuters reported the AT&T-Time Warner ruling first

Fri, 06/15/2018 - 02:41
(Reuters) - For U.S. media companies and investors, it was the ruling of the decade.
Categories: TECHNOLOGY NEWS

China regulators approve Qualcomm-NXP Semiconductors merger deal: SCMP

Fri, 06/15/2018 - 00:52
(Reuters) - Chinese regulators have approved Qualcomm Inc's proposed merger with NXP Semiconductors , South China Morning Post reported on Thursday, citing people with knowledge of the matter.
Categories: TECHNOLOGY NEWS

Broadcom lays off 1,100 employees after Brocade merger

Thu, 06/14/2018 - 23:53
(Reuters) - Broadcom Inc said it had laid off about 1,100 employees across its businesses to cut costs after its merger with Brocade Communications Systems.
Categories: TECHNOLOGY NEWS

U.S. agency asks judge to rule virtual currency is commodity

Thu, 06/14/2018 - 23:45
BOSTON (Reuters) - The U.S. Commodity Futures Trading Commission on Thursday urged a federal judge to conclude that an obscure virtual currency called My Big Coin is a commodity subject to its oversight, saying it is no different than precious metals like gold.
Categories: TECHNOLOGY NEWS

UK regulator Ofcom concerned by BT's involvement in Openreach's planning process

Thu, 06/14/2018 - 23:13
(Reuters) - Britain's media regulator Ofcom said it was concerned by the involvement of broadband and mobile provider BT Group Plc in developing the strategic plans of its networks business Openreach, despite splitting the operations.
Categories: TECHNOLOGY NEWS

Elon Musk's Boring Co to build high-speed airport link in Chicago

Thu, 06/14/2018 - 22:29
CHICAGO (Reuters) - Chicago has selected Elon Musk's Boring Co to build a $1 billion underground transit system that will whisk people from Chicago's downtown Loop district to O'Hare International Airport at 150 miles per hour (240 km per hour), the billionaire entrepreneur and Mayor Rahm Emanuel said on Thursday.
Categories: TECHNOLOGY NEWS

U.S. SEC official says ether not a security, price surges

Thu, 06/14/2018 - 22:21
NEW YORK (Reuters) - The price of ether rose on Thursday after a senior official at the U.S. Securities and Exchange Commission stated that the cryptocurrency was not a security, thus exempting certain transactions in the token from federal securities laws.
Categories: TECHNOLOGY NEWS

Facebook's public relations chief to step down

Thu, 06/14/2018 - 22:15
SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday that Elliot Schrage, who as head of communications and public policy has led the social network's response to scandals about privacy and election meddling, would step down from the company after a decade.
Categories: TECHNOLOGY NEWS

Facebook's chief of communications, policy to step down

Thu, 06/14/2018 - 21:48
SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday that Elliot Schrage, who as head of communications and public policy has led the social network's response to scandals about privacy and election meddling, would step down from the company after a decade.
Categories: TECHNOLOGY NEWS

Exclusive: Amazon to tap Brazil beauty obsession with cosmetics partners

Thu, 06/14/2018 - 19:23
SAO PAULO (Reuters) - Amazon.com Inc is recruiting major Brazilian cosmetics firms Grupo Boticario and Natura Cosmeticos SA to sell via the logistics platform it is developing in Brazil, three people familiar with talks told Reuters, making an early play for the world's fourth-largest beauty market.
Categories: TECHNOLOGY NEWS

Xapo, itBit win U.S. regulator nod for virtual currency services

Thu, 06/14/2018 - 19:11
NEW YORK (Reuters) - The New York Department of Financial Services (DFS) said on Thursday it had granted a virtual currency license to global financial services company Xapo to offer a digital wallet and vault service.
Categories: TECHNOLOGY NEWS

Northvolt cuts cost estimate for European battery plant as seeks investors

Thu, 06/14/2018 - 19:08
STOCKHOLM (Reuters) - Northvolt has cut the estimated cost of building Europe's largest battery factory, giving a boost to a project that faces a battle to attract investors worried about Asia's head-start in the industry.
Categories: TECHNOLOGY NEWS

Etsy raises 2018 revenue growth forecast, shares hit record

Thu, 06/14/2018 - 17:56
(Reuters) - Etsy Inc on Thursday raised its full-year revenue growth forecast, boosted by an increase in its transaction fee for sellers, sending shares of the company surging 35 percent to a record high.
Categories: TECHNOLOGY NEWS

Senate panel to call key Cambridge Analytica figure to testify

Thu, 06/14/2018 - 17:10
WASHINGTON (Reuters) - A U.S. Senate Commerce Committee panel plans to call a former Cambridge Analytica contractor at the center of a scandal involving the use of data from millions of Facebook users, a committee source told Reuters on Thursday.
Categories: TECHNOLOGY NEWS

After cobalt-free pledge, Panasonic to triple consumption for auto batteries: sources

Thu, 06/14/2018 - 16:59
LONDON (Reuters) - Panasonic Corp expects to more than triple its cobalt consumption in five years' time, industry sources said, even as the company aims to develop cobalt-free automotive batteries in the near future.
Categories: TECHNOLOGY NEWS

U.S. Senate panel to call key Cambridge Analytica figure to testify

Thu, 06/14/2018 - 16:52
WASHINGTON (Reuters) - A U.S. Senate Commerce Committee panel plans to call a former Cambridge Analytica contractor at the center of a scandal involving the use of data from millions of Facebook users, a committee source told Reuters on Thursday.
Categories: TECHNOLOGY NEWS

Elon Musk's Boring Co to build high-speed commuter system in Chicago

Thu, 06/14/2018 - 16:22
CHICAGO (Reuters) - Chicago has selected billionaire entrepreneur Elon Musk's Boring Co to build a high-speed underground commuter system from the downtown Loop district to O'Hare International Airport, one of the world's busiest, the company and the mayor's office said.
Categories: TECHNOLOGY NEWS

Crypto-startup Paxos wins NY approval to trade ether, litecoin

Thu, 06/14/2018 - 15:53
(Reuters) - Crypto currency startup Paxos Trust on Thursday has been authorized by the state of New York to trade cryptocurrencies such as ether, litecoin, stellar lumens and bitcoin cash on its exchange.
Categories: TECHNOLOGY NEWS

Etsy raises 2018 revenue forecast, transaction fee; shares surge

Thu, 06/14/2018 - 15:09
(Reuters) - Etsy Inc on Thursday raised its full-year revenue growth forecast and increased its transaction fee for sellers, sending the e-commerce company's shares up more than 19 percent in premarket trading.
Categories: TECHNOLOGY NEWS

Etsy raises 2018 revenue forecast, shares surge

Thu, 06/14/2018 - 15:04
(Reuters) - Etsy Inc on Thursday raised its full-year forecast for revenue growth and increased its transaction fee for sellers, sending the e-commerce company's shares up more than 10 percent in premarket trading.
Categories: TECHNOLOGY NEWS

Robots Luise, Renate join Airbus A320 production line in Hamburg

Thu, 06/14/2018 - 14:45
HAMBURG (Reuters) - European planemaker Airbus inaugurated a new production line for its best-selling A320 jet with robots Luise and Renate joining human workers as it turns to new automation to help it deal with an eight-year order backlog.
Categories: TECHNOLOGY NEWS

Renault invests in French electric car plant upgrade

Thu, 06/14/2018 - 14:40
PARIS (Reuters) - Renault will invest more than 1 billion euros ($1.2 billion) to increase electric vehicle production capacity in France and add new models, the carmaker said on Thursday.
Categories: TECHNOLOGY NEWS

Italy's 5G auction will go ahead, concerns can be addressed: AGCOM

Thu, 06/14/2018 - 10:53
ROME (Reuters) - Italy will go ahead with a planned auction of frequencies for fifth-generation (5G) mobile service and issues raised by some sector players can be resolved, a commissioner at the national communications authority AGCOM said on Thursday.
Categories: TECHNOLOGY NEWS

Embattled ZTE seeks $10.7 billion credit line, nominates 8 board members

Thu, 06/14/2018 - 10:08
HONG KONG (Reuters) - Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban.
Categories: TECHNOLOGY NEWS

Embattled ZTE proposes $10.7 billion credit proposal, new board

Thu, 06/14/2018 - 07:24
HONG KONG (Reuters) - Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban.
Categories: TECHNOLOGY NEWS

Exclusive: Microsoft takes aim at Amazon with push for checkout-free retail

Thu, 06/14/2018 - 07:07
SAN FRANCISCO (Reuters) - Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc's automated grocery shop, six people familiar with the matter told Reuters.
Categories: TECHNOLOGY NEWS

Musk's Boring Company wins bid to build high-speed system in Chicago

Thu, 06/14/2018 - 06:51
(Reuters) - The City of Chicago has selected billionaire entrepreneur Elon Musk's The Boring Company to build a high-speed underground commuter system from the Loop to O'Hare International Airport, one of the world's busiest, media reported on Wednesday.
Categories: TECHNOLOGY NEWS

Facebook used less for news as youngsters turn to WhatsApp: Reuters Institute

Thu, 06/14/2018 - 03:29
LONDON (Reuters) - The use of social media networks such as Facebook to consume news has started to fall in the United States as many young people turn toward messaging apps such as Facebook-owned WhatsApp to discuss events, the Reuters Institute found.
Categories: TECHNOLOGY NEWS

Comcast offers $65 billion to lure Fox from Disney bid

Thu, 06/14/2018 - 01:50
(Reuters) - Comcast Corp offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co , setting up a bidding war between two of the largest U.S. media companies with its 20 percent higher offer.
Categories: TECHNOLOGY NEWS

Senate, White House gear up for battle over China's ZTE

Thu, 06/14/2018 - 01:27
WASHINGTON (Reuters) - Legislation to block the Trump administration's agreement allowing China's ZTE Corp to resume business with American suppliers could be killed in the U.S. Congress in the coming weeks, lawmakers and aides said on Wednesday.
Categories: TECHNOLOGY NEWS

Ford says fuel cell venture with Daimler will close

Wed, 06/13/2018 - 22:29
DETROIT (Reuters) - Ford Motor Co and Daimler AG are winding down a joint venture formed to develop automotive fuel cell technology, Ford said on Wednesday, as both companies plan to take their respective fuel cell technology development in-house.
Categories: TECHNOLOGY NEWS

Elon Musk buys 72,500 of Tesla shares

Wed, 06/13/2018 - 22:25
(Reuters) - Tesla Inc Chief Executive Officer Elon Musk bought 72,500 shares of the company's common stock, a regulatory filing http://bit.ly/2t4K2sY showed on Wednesday.
Categories: TECHNOLOGY NEWS

Comcast offers to buy Fox media assets for $65 billion in cash

Wed, 06/13/2018 - 22:16
(Reuters) - Comcast Corp on Wednesday offered $65 billion for the businesses Twenty-First Century Fox had already agreed to sell to Walt Disney Co , a day after AT&T won approval to buy Time Warner .
Categories: TECHNOLOGY NEWS

Apple to undercut popular law-enforcement tool for cracking iPhones

Wed, 06/13/2018 - 22:15
SAN FRANCISCO (Reuters) - Apple Inc said on Wednesday it will change its iPhone settings to undercut the most popular means for law enforcement to break into the devices.
Categories: TECHNOLOGY NEWS

Uber hires Facebook's product director as its driver product head

Wed, 06/13/2018 - 22:05
(Reuters) - Uber Technologies Inc [UBER.UL] has hired Facebook Inc product director Daniel Danker as its head of driver product, Chief Executive Officer Dara Khosrowshahi said in a tweet on Wednesday.
Categories: TECHNOLOGY NEWS

Cryptocurrency tether used to boost bitcoin prices, study finds

Wed, 06/13/2018 - 21:17
NEW YORK (Reuters) - There is evidence that tether, a digital currency pegged to the U.S. dollar, may have been used to manipulate the price of bitcoin <BTC=BTSP> and other cryptocurrencies, according to a research paper released by the University of Texas on Wednesday.
Categories: TECHNOLOGY NEWS

Fox shares pop ahead of expected Comcast bid

Wed, 06/13/2018 - 20:58
(Reuters) - Twenty-First Century Fox Inc's shares hit a record high on Wednesday as approval for AT&T Inc's $85 billion buyout of Time Warner Inc spurred speculation that Comcast Corp would make an offer for most of Fox's assets.
Categories: TECHNOLOGY NEWS

Banks unlikely to process payments with distributed ledgers for now, says Ripple

Wed, 06/13/2018 - 19:26
NEW YORK (Reuters) - Banks are unlikely to use distributed ledgers to process cross-border payments for now because of scalability and privacy issues, according to Ripple, one of the most prominent startups developing the technology.
Categories: TECHNOLOGY NEWS

U.S. agency's virtual currency oversight faces court challenge

Wed, 06/13/2018 - 18:32
BOSTON (Reuters) - An obscure virtual currency called My Big Coin is now at the center of a closely watched case that could determine whether the U.S. Commodity Futures Trading Commission has the authority to combat fraud associated with cryptocurrencies.
Categories: TECHNOLOGY NEWS

Twitter updates app to highlight big events, news stories

Wed, 06/13/2018 - 18:04
SAN FRANCISCO (Reuters) - Twitter Inc said on Wednesday it is changing its service to give more space to major events such as the World Cup, earthquakes, royal weddings and elections in a bid to make it easier for people to find interesting tweets.
Categories: TECHNOLOGY NEWS

Italy's Mediaset, Cairo Communication appeal against 5G frequency auction: sources

Wed, 06/13/2018 - 17:31
ROME (Reuters) - Italian private broadcaster Mediaset and media group Cairo Communication have filed an appeal with a regional court against rules set for an auction of frequencies for fifth-generation (5G) mobile services, a legal source and a source close to the matter said.
Categories: TECHNOLOGY NEWS

Facebook releases new privacy safeguards after ceding to pressure from advertisers

Wed, 06/13/2018 - 17:11
WASHINGTON (Reuters) - Facebook is installing new controls it says will better inform its members about the way companies are targeting them with advertising, the latest step to quell a public outcry over the company's mishandling of user data.
Categories: TECHNOLOGY NEWS

White House seeks to block Congress from killing ZTE deal: report

Wed, 06/13/2018 - 17:06
WASHINGTON (Reuters) - The White House will try to derail an effort in the U.S. Congress to block the Trump administration's deal to allow ZTE Corp, China's No. 2 telecommunications equipment maker, to resume doing business with American suppliers, the Wall Street Journal reported on Wednesday.
Categories: TECHNOLOGY NEWS

Why are grocery retailers teaming up with tech giants?

Wed, 06/13/2018 - 17:06
BERLIN (Reuters) - France’s Carrefour announced a deal this week with Google to boost its online shopping business. It is the latest in a string of partnerships between traditional food retailers and tech companies as grocery ecommerce takes off.
Categories: TECHNOLOGY NEWS

Fox, media firms rise after AT&T-Time Warner approval

Wed, 06/13/2018 - 16:40
(Reuters) - Twenty First Century Fox Inc's shares rose 8 percent to a record-high on Wednesday as an approval for AT&T's buyout of Time Warner Inc spurred speculation that Comcast Corp would proceed with an offer for most of the media company's assets.
Categories: TECHNOLOGY NEWS

White House seeks to block Senate bid to kill ZTE deal: WSJ

Wed, 06/13/2018 - 16:15
(Reuters) - The White House will aim to block legislative language before Congress that would block a Trump administration agreement allowing China's No. 2 telecommunications equipment maker, ZTE Corp, to resume business with U.S. suppliers, the Wall Street Journal reported on Wednesday.
Categories: TECHNOLOGY NEWS

China start-up readies capacity for 150,000 electric cars per year

Wed, 06/13/2018 - 15:24
FRANKFURT (Reuters) - Future Mobility Corporation (FMC), the Chinese parent company behind electric car start-up Byton, has placed an order for a paint shop capable of handling 150,000 cars per year, German supplier Duerr said on Wednesday.
Categories: TECHNOLOGY NEWS

Magna to partner with May Mobility on low-speed self-driving shuttle

Wed, 06/13/2018 - 15:16
(Reuters) - Canadian auto parts supplier Magna International Inc will partner with Michigan startup May Mobility on self-driving shuttles, the companies said on Wednesday.
Categories: TECHNOLOGY NEWS

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