Technology

Technology

China smartphone maker Xiaomi beats profit view, sees more global expansion

SHANGHAI (Reuters) – Chinese smartphone maker Xiaomi Corp said on Tuesday its fourth-quarter net profit more than tripled to 1.85 billion yuan ($275.59 million), on stronger revenue. FILE PHOTO: People walk past a Xiaomi store in Shenyang, Liaoning province, China June 12, 2018. REUTERS/Stringer That profit exceeded the 1.7 billion yuan average estimate of 10 […]

Technology

China smartphone maker Xiaomi’s fourth-quarter profit more than triples, beats view

FILE PHOTO: People walk past a Xiaomi store in Shenyang, Liaoning province, China June 12, 2018. REUTERS/Stringer SHANGHAI (Reuters) – Chinese smartphone maker Xiaomi Corp said on Tuesday its fourth-quarter net profit more than tripled to 1.85 billion yuan ($275.59 million), on stronger revenue. That profit exceeded the 1.7 billion yuan average estimate of 10 […]

Technology

Aluminum producer Hydro hit by cyber attack

OSLO (Reuters) – Norsk Hydro, one of the world’s largest producers of aluminum, was suffering a cyber attack on Tuesday that affected its production facilities, sending its shares lower. FILE PHOTO: Concrete pipes connecting the bauxite residue deposit to its water treatment station are pictured at the alumina refinery Alunorte, owned by Norwegian company Norsk […]

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Riding with ‘Uncle Diego’: Uber’s wild drive for growth in Chile

SANTIAGO (Reuters) – The Uber driver pulled up to the international airport outside Chile’s capital. As his passenger jumped into his gleaming Suzuki, he glanced around furtively for signs of trouble. “Working in the airport isn’t easy,” he told a Reuters reporter, a rosary on the rearview mirror swaying as he raced towards the motorway. […]

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Yandex teams up with Hyundai Mobis for driverless cars

FILE PHOTO: Yandex.Drive carsharing cars are seen at a parking lot in Moscow, Russia September 10, 2018. REUTERS/Maxim Shemetov MOSCOW (Reuters) – Russia’s Yandex and Hyundai Mobis Co Ltd, an auto parts affiliate of Hyundai Motor Co, agreed to jointly develop control systems for driverless vehicles, Yandex said on Tuesday. The companies plan to present […]

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Germany kicks off 5G mobile spectrum auction

MAINZ, Germany (Reuters) – Germany launched its 5G mobile spectrum auction on Tuesday, finally going ahead after a court threw out legal challenges and regulators resisted U.S. pressure to ban Chinese network vendors from building out next-generation networks. Jochen Homann, President of Germany’s Federal Network Agency (Bundesnetzagentur) poses behind a stopwatch for the symbolic start […]

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Exclusive: Israel’s chip sales to China jump as Intel expands

TEL AVIV (Reuters) – Israel’s exports of computer chips to China soared last year as Chinese companies bought more semiconductors made at Intel’s Kiryat Gat plant. An official at the Israel Export Institute told Reuters that new data showed semiconductor exports to China jumped 80 percent last year to $2.6 billion. An industry source told […]

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Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge

(Reuters) – Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities regulator told a judge on Monday. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking […]

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South Korea radar and thermal camera system warns ‘smartphone zombies’ of traffic

ILSAN, South Korea (Reuters) – A city in South Korea, which has the world’s highest smartphone penetration rate, has installed flickering lights and laser beams at a road crossing to warn “smartphone zombies” to look up and drivers to slow down, in the hope of preventing accidents. Kim Jong-hoon, a senior researcher at Korea Institute […]

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Elon Musk tweet about Tesla violates settlement agreement, U.S. regulator tells court

(Reuters) – A tweet about Tesla Inc production targets by Elon Musk was “a blatant violation” of a court order to get his written communications pre-approved, U.S. securities regulators told a judge on Monday, doubling down on the government’s demand to find the Tesla CEO in contempt of a previous fraud settlement. FILE PHOTO: Tesla […]

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Brexit hits ability of UK fintech to lure top talent – report

LONDON (Reuters) – Leaving the European Union is making it harder for fintech firms in Britain to recruit top talent, a report said on Tuesday, threatening to slam the brakes on a 7 billion pound growth sector just as EU states step up competition. FILE PHOTO: A river boat cruises down the River Thames as […]

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Nvidia partners with Softbank to deploy cloud gaming servers in Japan

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato (Reuters) – Chip designer Nvidia Corp said on Monday it has partnered with Softbank Group Corp and LG Uplus Corp to deploy cloud gaming servers in Japan and Korea later this year. […]

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Huawei leads Asian domination of U.N. patent applications in 2018

GENEVA (Reuters) – Chinese telecoms giant Huawei led the pack with Asia accounting for more than half of the international patent applications at the World Intellectual Property Organization (WIPO) last year, WIPO said on Tuesday. A Huawei company logo is seen outside a shopping mall in Shanghai, China March 7, 2019. REUTERS/Aly Song Huawei, which […]

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U.S. warns Brazil about Huawei and 5G in talks: senior U.S. official

FILE PHOTO: The Huawei brand logo is seen above a store of the telecoms equipment maker in Beijing, China, March 7, 2019. REUTERS/Thomas Peter WASHINGTON (Reuters) – U.S. officials have warned their Brazilian counterparts of their security concerns about Chinese telecom equipment maker Huawei Technologies Co during talks in Washington, a senior American official said […]

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Brotherly love at Reliance? India’s Mukesh Ambani provides ‘support’ to brother Anil as debt paid off

MUMBAI (Reuters) – The Ambani brothers, whose public feud over control of the Reliance empire after their father’s death in 2002 led to a split in the conglomerate, may have taken a major step to a more harmonious relationship on Monday. FILE PHOTO: Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, addresses shareholders […]

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Facebook plans more fact-checking ahead of European Parliament election

BERLIN (Reuters) – Facebook plans to ramp up efforts to fight misinformation ahead of the European Parliament election in May and will partner with German news agency DPA to boost its fact-checking, a senior executive said on Monday. FILE PHOTO: A Facebook sign is seen during the China International Import Expo (CIIE), at the National […]

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Google seeking to promote rivals to stave off EU antitrust action

FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann BRUSSELS (Reuters) – Google is trying to boost price comparison rivals such as Kelkoo in an effort to appease European Union antitrust regulators and ward off fresh fines following a 2.4-billion-euro ($2.7 billion) penalty nearly […]

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GM considers options for its Lyft stake following IPO

DETROIT (Reuters) – As Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27 billion. The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January […]

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Project Aurora: U.S. government, Intel aim for nation’s fastest computer

(Reuters) – A U.S. government-led group is working with chipmaker Intel Corp and Cray Inc to develop and build the nation’s fastest computer by 2021 for conducting nuclear weapons and other research, officials said on Monday. FILE PHOTO: Intel’s logo is pictured during preparations at the CeBit computer fair, which will open its doors to […]

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Explainer: Germany, at last, launches 5G spectrum auction

MAINZ, Germany (Reuters) – Germany begins an auction of spectrum for next-generation 5G mobile networks on Tuesday, the outcome of which will play a decisive role in determining whether Europe’s largest economy remains competitive in the digital age. An employee of Germany’s Federal Network Agency (Bundesnetzagentur) uses his mobile phone in front of a screen […]