Technology

Technology

What trade war? FAANGs scale new highs

(Reuters) – Four of the five so-called FAANG stocks – Facebook, Alphabet, Amazon and Netflix – surged to all-time highs on Wednesday, with only Apple spoiling a perfect scorecard. FILE PHOTO: A 3D-printed Facebook like button is seen in front of the Facebook logo, in this illustration taken October 25, 2017. REUTERS/Dado Ruvic/Illustration/File Photo The […]

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Doom and gloom in advertising? I don’t see it, says IPG boss Roth

CANNES, France (Reuters) – The veteran boss of advertising giant IPG said he does not recognize the talk of “doom and gloom” in his industry, arguing the holding companies are needed more than ever to help clients chart the rapidly changing territory. The strength of Google and Facebook in online advertising, and the arrival of […]

Technology

U.S. lawmakers want Google to reconsider links to China’s Huawei

WASHINGTON (Reuters) – A group of Republican and Democratic U.S. lawmakers asked Alphabet Inc’s Google on Wednesday to reconsider its work with Chinese telecommunications firm Huawei Technologies Co Ltd [HWT.UL], which they described as a security threat. FILE PHOTO: The logo of Google is pictured during the Viva Tech start-up and technology summit in Paris, […]

Technology

Tesla accuses former employee of hacking and transferring data

SAN FRANCISCO (Reuters) – Tesla Inc has sued a former employee claiming that he hacked the electric carmaker’s trade secrets and transferred large amounts of company data to third parties, according to a lawsuit filed in federal court in Nevada on Wednesday. FILE PHOTO: A sign is seen outside Tesla Motors’ new showroom in Manhattan’s […]

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Altice selling stakes in French, Portuguese telecom towers to cut debt

PARIS (Reuters) – Telecoms and cable group Altice said on Wednesday it had agreed to sell stakes in its towers businesses in France and Portugal, raising a combined 2.5 billion euros ($2.90 billion) which will go toward paying down a hefty debt pile. FILE PHOTO: The logo of Altice Studio is seen during the launch […]

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Teradata sues Germany’s SAP, alleging it stole trade secrets

FRANKFURT (Reuters) – SAP SE, Europe’s most valuable technology company, was sued on Wednesday by U.S. company Teradata, which accused it of stealing trade secrets, copyright infringement and anti-trust violations. FILE PHOTO: SAP logo at SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski The case, filed at the U.S. District Court for the […]

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Trump to meet lawmakers about ‘problematic’ ZTE amendment: spokeswoman

WASHINGTON (Reuters) – U.S. President Donald Trump and a group of lawmakers from the Senate and House of Representatives will meet at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Corp (000063.SZ) (0763.HK), a White House spokeswoman said. The logo of China’s ZTE Corp is seen […]

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Telecom Italia keen to discuss fiber-to-the-home tie-up with Open Fiber

MILAN (Reuters) – Telecom Italia (TIM) is keen to discuss combining the Italian phone group’s fiber-to-the-home (FTTH) broadband assets with those of smaller rival Open Fiber, Chief Executive Amos Genish said on Wednesday. FILE PHOTO: FILE PHOTO: Telecom Italia logo is seen at the headquarters in Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini/File Photo/File Photo […]

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Trump to meet lawmakers about ‘problematic’ ZTE measure: White House

WASHINGTON (Reuters) – U.S. President Donald Trump and a group of lawmakers from the Senate and House of Representatives will meet at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE Corp (000063.SZ), a White House spokeswoman said. The logo of China’s ZTE Corp is seen at […]

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Bosch to invest 17 billion rupees in India over next three years

(Reuters) – German auto parts maker Bosch Group plans to invest 17 billion rupees ($250 million) in India over the next three years to meet growing demand in the domestic automotive market, Chief Executive Officer Volkmar Denner said on Wednesday. FILE PHOTO – The Bosch logo is seen in Reutlingen, Germany, June 16, 2017. REUTERS/Michaela […]

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Amazon, Berkshire, JPMorgan name Atul Gawande CEO of healthcare venture

(Reuters) – Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase & Co on Wednesday named Atul Gawande as the chief executive officer of their health venture. FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, February 20, 2017. REUTERS/Pascal Rossignol/File Photo The new company would be based […]

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Telecom Italia keen to discuss fiber-to-the-home tie-up with Open Fiber: CEO

MILAN (Reuters) – Telecom Italia (TIM) is willing to discuss a combination of the Italian phone group’s fiber-to-the-home broadband operations with that of smaller rival Open Fiber, Chief Executive Amos Genish said on Wednesday. FILE PHOTO: FILE PHOTO: Telecom Italia logo is seen at the headquarters in Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini/File Photo/File […]

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Cryptocurrency firm Tether releases law firm report attesting to U.S. dollar reserves

NEW YORK (Reuters) – A Washington-based law firm co-founded by former FBI director Louis J. Freeh has attested that as of June 1 cryptocurrency firm Tether had enough U.S. dollar reserves to back its virtual coins in circulation, according to a report released by Tether on Wednesday. The report by Freeh, Sporkin & Sullivan LLP, […]

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Tesla’s Musk says Germany a front runner for Europe Gigafactory

STOCKHOLM (Reuters) – U.S. electric carmaker Tesla favors Germany as the location for its first European Gigafactory, its chief executive said, in what would be the latest move by an outside firm into the European battery market. FILE PHOTO – Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at […]

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EU Parliament committee votes for tougher EU copyright rules to rein in tech giants

BRUSSELS (Reuters) – Google, Facebook, Microsoft and other tech giants could face more curbs on their market power after a European Parliament committee voted in favor of tougher copyright rules on Wednesday. FILE PHOTO: Wikipedia founder Jimmy Wales, attends the Viva Tech start-up and technology summit in Paris, France, May 24, 2018. REUTERS/Charles Platiau/File Photo […]

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Vodafone sets 5G trials in seven of Britain’s 10 big cities

LONDON (Reuters) – Vodafone said on Wednesday it will begin testing next-generation 5G mobile networks in seven of Britain’s 10 largest cities later in 2018, part of a plan to start limited deployments in dense urban areas in some markets next year. The Vodafone logo is seen at the Mobile World Congress in Barcelona, Spain, […]

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China’s Xiaomi targets as much as $6.1 billion in Hong Kong IPO: sources

HONG KONG (Reuters/IFR) – Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years. FILE PHOTO: People walk past a Xiaomi store in […]

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Billionaire Fredriksen invests in Norway data center, transatlantic cable

OSLO (Reuters) – Billionaire investor John Fredriksen has agreed to buy a stake in Bulk Infrastructure AS, which plans to build a large data center in his native Norway as well as a transatlantic fiber-optic cable, the company said on Wednesday. FILE PHOTO: Norwegian-born shipping tycoon John Fredriksen speaks in Oslo, Norway, June 1, 2017. […]

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Toyota captures data goldmine in $1 billion Grab bet

TOKYO/SINGAPORE (Reuters) – By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend stuck in traffic. FILE PHOTO: Commuters walk past a Grab transport booking […]

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ZTE’s Hong Kong shares rise after clarification of U.S. bill impact

HONG KONG (Reuters) – Shares of China’s ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer. FILE PHOTO: The logo of China’s ZTE Corp is seen on the building of ZTE Beijing research […]