Technology

Technology

PwC had cleared Facebook’s privacy practices in leak period

(Reuters) – Facebook Inc’s privacy practices were cleared by auditing firm PricewaterhouseCoopers LLP in an assessment completed last year of the period in which data analytics consultancy Cambridge Analytica gained access to the personal data of millions of Facebook users. FILE PHOTO: A 3D-printed Facebook logo is seen in front of displayed stock graph in […]

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JPMorgan, National Bank of Canada, others test debt issuance on blockchain

NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) has tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms, they said on Friday, seeking to streamline origination, settlement, interest rate payments and other processes. FILE PHOTO: A sign outside the headquarters of JP Morgan Chase […]

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China’s ZTE slams U.S. ban on sales, says company’s survival at risk

HONG KONG (Reuters) – China’s ZTE Corp (0763.HK) (000063.SZ) said on Friday that a ban on the sale of parts and software to the company was unfair and threatens its survival, and vowed to safeguard its interests through all legal means. The inside of a ZTE smart phone is pictured in this illustration taken April […]

Technology

China’s ZTE slams U.S. ban on sales as unfair, vows to safeguard interests

HONG KONG (Reuters) – Chinese telecom equipment maker ZTE Corp said on Friday a U.S. decision to impose sanctions on the company was unfair and threatens the survival of the technology giant as it pledged to safeguard its rights through all legal means. The inside of a ZTE smart phone is pictured in this illustration […]

Technology

TSMC shares slide as revenue estimate cut; other Apple, chip stocks also fall

TAIPEI (Reuters) – Shares of Taiwan Semiconductor Manufacturing Co Ltd tumbled and other Apple supplier and chip stocks fell after it cut its full-year revenue target on softer demand for smartphones. FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan October 5, 2017. REUTERS/Eason Lam/File Photo […]

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Consumer activists, experts advise against buying ZTE phones

(Reuters) – Consumer activists and technology experts are advising consumers to hold off on buying Android handsets from China’s ZTE until the company clarifies whether U.S. sanctions against the company prevent it from providing operating system updates for its devices. A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration […]

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Qualcomm cutting 1,500 jobs at its California offices

(Reuters) – Chipmaker Qualcomm Inc (QCOM.O) is cutting 1,500 jobs across multiple divisions at its offices in California, as part of its promise to investors to cut annual costs by $1 billion. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo The company, […]

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Rakuten weighs $1.8 billion bond issue to launch mobile service: Nikkei

(Reuters) – Japanese e-commerce company Rakuten Inc will issue as much as 200 billion yen ($1.86 billion) to prepare for its entry into the country’s mobile phone service market, the Nikkei business daily reported on Thursday. Rakuten plans to launch the service in October 2019 and spend about 600 billion yen to build the required […]

Technology

TSMC’s smartphone warning points squarely at Apple: analysts

(Reuters) – Shares in Apple Inc (AAPL.O) and its suppliers fell on Thursday after a raft of analysts read a prediction of softer smartphone sales from Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) as driven chiefly by concern about demand for iPhones. FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its […]

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ZTE woes may boost network rivals Ericsson and Nokia

STOCKHOLM/LONDON (Reuters) – Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a U.S. ban on exports to low-cost Chinese rival ZTE. FILE PHOTO – Visitors pass in front of the Chinese telecoms […]

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DeBeers rolls out app to clean up Sierra Leone diamond supply chain

JOHANNESBURG (Reuters) – Global diamond giant De Beers is rolling out an app to help small-scale, artisanal diamond miners in Sierra Leone certify that gems they pry from the soil are legal, the Anglo American unit said on Thursday. The initiative is the latest attempt by the industry to clean up its image and expunge […]

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Lyft to offset emissions from rides with projects combating climate change

SAN FRANCISCO (Reuters) – Lyft Inc is launching a program on Thursday to offset emissions from the 1.4 million cars that drive for the U.S. ride-hailing service by investing in projects to reduce other sources of greenhouse gas, the company said. An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. […]

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Qualcomm concessions insufficient to clinch NXP deal: commerce ministry

BEIJING (Reuters) – U.S. chipmaker Qualcomm (QCOM.O) will have to do more to complete its proposed takeover of NXP Semiconductors (NXPI.O), a commerce ministry spokesman said on Thursday. A booth of U.S. chipmaker Qualcomm is pictured at an expo in Beijing, China, September 27, 2017. REUTERS/Stringer Qualcomm had submitted a remedy plan to resolve competition […]

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U.S ban on sales to ZTE triggers patriotic rhetoric in China

HONG KONG (Reuters) – A U.S. ban on sales of American components to ZTE Corp (0763.HK) (000063.SZ) has unleashed a patriotic backlash in China’s cyberspace, highlighting the growing tension between the world’s two largest economies. Visitors are seen at a booth of Chinese telecom equipment maker ZTE Corp at an expo in Beijing, China, September […]

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Alibaba to invest $320 million in Thailand, as rivals boost presence

BANGKOK (Reuters) – Alibaba is investing $320 million in Thailand as the e-commerce giant aims to tap Chinese consumers’ appetite for the Southeast nation’s agricultural goods and for its tourism market amid growing competition from rivals. Jack Ma, founder of e-commerce giant Alibaba, talks during the MoU’s Signing Ceremony of “Smart Digital Hub and Digital […]

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Vivendi’s chairman brushes off criticism over investment in Telecom Italia

PARIS (Reuters) – Vivendi’s chairman and top investor Vincent Bollore brushed off criticism over the media group’s investments in Telecom Italia (TIM) on Thursday. Vincent Bollore, Chairman of the Supervisory Board of media group Vivendi, speaks during the company’s shareholders meeting in Paris, France, April 19, 2018. REUTERS/Charles Platiau The French media group, which holds […]

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Hedge fund Elliott steps up pressure on Vivendi over Telecom Italia

PARIS, LONDON (Reuters) – Activist investor Elliott Advisors lambasted Vivendi on Thursday after the French media group defended its strategy as the main shareholder of Telecom Italia (TIM). FILE PHOTO – A logo is seen over the main entrance of the entertainment-to-telecoms conglomerate Vivendi’s headquarters in Paris April 8, 2015. REUTERS/Gonzalo Fuentes The activist fund […]

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China’s ZTE removed chief compliance officer before U.S. sanction: source

HONG KONG (Reuters) – ZTE Corp’s (000063.SZ)(0763.HK) chief compliance and chief legal officer was removed from his posts more than a month before the Chinese telecom equipment maker was slapped with U.S. sanctions this week, a company source with direct knowledge of the situation told Reuters. Visitors are seen at a booth of Chinese telecom […]

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Hedge fund Elliott issues new attack on Vivendi over Telecom Italia

PARIS (Reuters) – Activist Elliott Advisors issued on Thursday a fresh attack on French media group Vivendi as the hedge fund’s battle with Vivendi over Telecom Italia intensifies. FILE PHOTO – A logo is seen over the main entrance of the entertainment-to-telecoms conglomerate Vivendi’s headquarters in Paris April 8, 2015. REUTERS/Gonzalo Fuentes Elliott was responding […]

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Mexico’s top court sides with America Movil, says Telmex can charge rivals

MEXICO CITY (Reuters) – America Movil’s fixed-line unit Telmex said on Wednesday that the nation’s supreme court has sided with it and ruled the firm should not be barred from charging rivals for calls to its network. The logo of America Movill is seen on the wall at the company’s corporate offices in Mexico City, […]