China appears to U-turn on ‘obsessive’ gaming crackdown

Published 12m ago

The video game regulator had drafted rules which would have limited the time and money spent gaming. More »

MrBeast reveals he made $250,000 from X video

Published 12m ago

The world's most popular YouTuber had previously said he would not bother posting videos on the site. More »

Cryptocurrency firm Terraform Labs files for bankruptcy in US

Published 12m ago

The company, whose co-founder is in jail in Montenegro, was behind the crashed TerraUSD and Luna tokens. More »

Amazon warns workers to come back into the office

Published 1y ago

This week, a reminder email was sent to employees who didn't work on-site at least three times a week. More »

Prototype ‘Brain-like’ chip promises greener AI, says tech giant

Published 1y ago

IBM says its prototype microchip could make artificial intelligence more energy efficient. More »

Minister defends safety law on messaging apps

Published 1y ago

Tech Secretary insists technology is in development to access illegal content without breaking encryption. More »

How safe is my data after a hack or leak?

Published 1y ago

After various cases of private data being leaked or stolen, what can you do to keep your info secure? More »

Mark Zuckerberg: Threads users down by more than a half

Published 1y ago

The rival to Twitter saw explosive growth but users have since drifted away, Meta boss acknowledges. More »

Google what our chatbot tells you… says Google

Published 1y ago

The firm says users should check the accuracy of answers Bard provides with its traditional search engine. More »

Google alert failed to warn people of Turkey earthquake

Published 1y ago

The tech giant claims millions of people were sent a warning before the deadly earthquake earlier this year. More »

E-bike battery fires prompt call for better regulation

Published 1y ago

A charity says batteries for e-bikes should require third-party approval before being sold in the UK. More »

UN warns of risk of having smartphones in school

Published 1y ago

But less than one-in-four countries have laws or policies prohibiting them, the United Nations found. More »

Rare Apple computer trainers on sale for $50,000

Published 1y ago

The iconic pair were a limited edition made in the 1990s only for employees. More »

Threads app signs up 100m users in less than a week

Published 2y ago

Meta's rival to Twitter has surpassed a record set by Open AI's ChatGPT app since its launch. More »

Google moves to make Android apps more private

Published 3y ago

No details are available but it says it will not be using the same approach as Apple. More »

Nintendo receives backlash from fans over ending eShop purchases

Published 3y ago

Consumers will no longer be able to buy hundreds of Nintendo's older games from March 2023. More »

Amazon workers in Alabama vote again on joining union

Published 3y ago

The first election was found to be invalid due to interference in the process from the tech giant. More »

Twitter expands its crackdown on trolling and hate

Published 3y ago

Its auto-blocking feature will be expanded to many more users in English-speaking countries. More »

Norfolk County Council sues Apple in class action

Published 3y ago

A Californian judge says a pension fund run by Norfolk County Council can pursue a class-action case. More »

Elon Musk’s brain chip firm denies animal cruelty claims

Published 3y ago

A complaint accuses Neuralink's research partner of 'deadly brain experiments' on monkeys. More »

Roblox: The children’s game with a sex problem

Published 3y ago

A BBC investigation has found virtual sex parties are taking place in a popular online children’s game. More »

74% of ransomware revenue goes to Russia-linked hackers

Published 3y ago

Crypto-currency researchers say more than $400m of cyber-crime funds go to Russian gangs. More »

Apple moves to stop AirTag tracking misuse

Published 3y ago

The company will introduce a range of measures, after concerns AirTags were being used by stalkers. More »

Tech bug keeps Mazda radios locked in to NPR

Published 3y ago

National Public Radio becomes essential listening for some drivers - because they are unable to retune. More »

‘Hackers helped me find my lost Bitcoin fortune’

Published 3y ago

It's estimated that 3.7 million Bitcoin have been lost - but hackers are helping owners get some of them back. More »

Samsung phones with parts made from fishing nets

Published 3y ago

As part of its Galaxy range unveiling, Samsung talks up its sustainability credentials. More »

Arm boss: We can do it by ourselves

Published 3y ago

Arm's new chief executive speaks about its Nvidia-free future and reveals his favourite British tradition. More »

Google slammed over ad-cookie replacement flip-flop

Published 3y ago

The system Google planned to replace cookies is now itself being replaced with a slightly different idea. More »

Should bad science be censored on social media?

Published 3y ago

A Royal Society report recommends against censoring scientific misinformation online. More »

Facebook v Apple: The ad tracking row heats up

Published 4y ago

Why is there a dispute between the two tech giants and does it affect you? More »

Exclusive: Investors value China’s Ant Group at over $200 billion after IPO halt – sources

Published 4y ago

FILE PHOTO: A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo HONG KONG (Reuters) – Some of Ant Group’... More »

Need a lift? SpaceX launches record spacecraft in cosmic rideshare program

Published 4y ago

FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk poses after arriving on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020. REUTERS/Hannibal Hanschke/Pool (Reuters) – A veteran rocket from billionaire entrepreneur Elon Musk’s Spa... More »

Samsung leader Jay Y. Lee indicted in South Korea on allegations linked to 2015 merger

Published 4y ago

SEOUL (Reuters) – South Korean prosecutors indicted Samsung Group’s Jay Y. Lee on Tuesday on suspicion of accounting fraud and stock price manipulation in connection with a 2015 merger, dealing a new blow to the head of one of Asia’s most valuable companies. L... More »

Facebook to block news on Australian sites after new law, riling lawmakers

Published 4y ago

SYDNEY (Reuters) – Facebook Inc (FB.O) on Tuesday said it would stop Australians sharing news content on its platforms if a proposal to make it pay local media outlets for their content becomes law, escalating tension with the Australian government. Under Aust... More »

Explainer: Facebook, Google battle Australia over proposed revenue-share law

Published 4y ago

SYDNEY (Reuters) – Facebook Inc (FB.O) said it will block news sharing on its platforms in Australia if the government goes ahead with a law to force it, and Alphabet Inc’s (GOOGL.O) Google, to pay local media outlets for featuring their content on its platfor... More »

Apple preparing 75 million 5G iPhones for later this year: Bloomberg

Published 4y ago

(Reuters) – Apple Inc (AAPL.O) has asked suppliers to make at least 75 million 5G iPhones for later this year, along with new Apple Watch models, a new iPad Air and a smaller HomePod, Bloomberg News reported on Tuesday. The company expects shipments of these n... More »

South Korean prosecutors indict Samsung leader Jay Y. Lee on stock manipulation charge: official

Published 4y ago

SEOUL (Reuters) – South Korean prosecutors indicted Samsung Group leader Jay Y. Lee on charges of manipulating stock prices and breach of trust in order to cement control of the group, a prosecution official said on Tuesday. Considering the gravity of manipula... More »

Facebook improving hate speech detection ahead of Myanmar election

Published 4y ago

(Reuters) – Facebook Inc said on Tuesday that it was preparing for Myanmar’s general election in November by improving the detection and removal of hate speech and content that incites violence and preventing the spread of misinformation. The company said in a... More »

Facebook lifts block on pro-Biden ad, citing ‘enforcement error’

Published 4y ago

SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) said on Monday it had erred in blocking a pro-Biden ad submitted by Democratic political action committee Priorities USA, after initially telling the group the video violated its policy against “sensational” conten... More »

Zoom forecasts sales surge as video conferencing becomes a daily routine

Published 4y ago

(Reuters) – Zoom Video Communications Inc raised its annual revenue forecast by more than 30% after comfortably beating quarterly estimates on Monday as it converts more of its huge free user base to paid subscriptions. Shares of Zoom, which have surged almost... More »

Facebook partners with external researchers to study its impact during U.S. election

Published 4y ago

(Reuters) – Facebook Inc said on Monday it is partnering with external researchers to examine the impact of the social media site on society during the 2020 U.S. presidential election. The company said findings of the studies will not be published until the mi... More »

Amazon’s surveillance can boost output and possibly limit unions: study

Published 4y ago

WASHINGTON (Reuters) – Amazon.com relies on extensive worker surveillance to boost employee output and potentially limit unionization efforts around the United States, says a research paper issued on Monday by the Open Markets Institute. The Washington-based r... More »

‘Three little pigs’: Musk’s Neuralink puts computer chips in animal brains

Published 4y ago

(Reuters) – Billionaire entrepreneur Elon Musk’s neuroscience startup Neuralink on Friday unveiled a pig named Gertrude that has had a coin-sized computer chip in its brain for two months, showing off an early step toward the goal of curing human diseases with... More »

Netflix tools up in South East Asia as Disney+ Indonesia launch sets scene for streaming battle

Published 4y ago

SINGAPORE (Reuters) – U.S streaming giant Netflix is ramping up its mobile-only subscription plans in Southeast Asia and expanding local content, senior executives told Reuters, just as arch-rival Disney arrives in the fast-growing market. The world’s biggest ... More »

Facebook faces heat from Indian lawmakers on content practices

Published 4y ago

NEW DELHI (Reuters) – Indian politicians are trading barbs over a media report that Facebook Inc’s (FB.O) content policies favoured Prime Minister Narendra Modi’s party, putting the social network at the centre of a political storm in its biggest market by use... More »

Chinese dronemaker DJI makes sweeping cuts in ‘Long March’ reforms

Published 4y ago

SHENZHEN, China (Reuters) – Chinese drone giant SZ DJI Technology Co Ltd has been making sweeping cuts to its global sales and marketing teams as it faces coronavirus headwinds and mounting political pressure in key markets, current and former staff told Reute... More »

German watchdog launches Amazon investigation: report

Published 4y ago

BERLIN (Reuters) – Germany’s anti-trust authority has launched an investigation into Amazon’s relationship with third-party traders selling on its site, its head was quoted as saying on Sunday. “We are currently investigating whether and how Amazon influences ... More »

China’s Geely Automobile trims full-year sales outlook after profit plunge

Published 4y ago

SHANGHAI (Reuters) – Geely Automobile Holdings Ltd on Monday booked a 43% drop in half-year profit and trimmed its full-year sales goal, sending its shares down 4%, as the coronavirus outbreak continues to trouble the world’s biggest auto market. The results c... More »

Huawei lawyers say U.S. evidence ‘unreliable’ in Meng extradition case

Published 4y ago

(Reuters) – Evidence used by the United States to justify the extradition of Huawei Technologies Chief Financial Officer Meng Wanzhou is “unreliable and defective” and should not be considered by a Canadian court, Meng’s lawyers argued in documents released to... More »

Google says Australian antitrust law would hit small content creators

Published 4y ago

SYDNEY (Reuters) – Alphabet Inc’s (GOOGL.O) Google on Monday said a proposed antitrust law in Australia forcing tech firms to pay for news that appears on their social media websites would adversely impact individual content creators and channel operators. Goo... More »

Trump gets verified account on TikTok competitor Triller

Published 4y ago

WASHINGTON (Reuters) – U.S. President Donald Trump now has a verified account on TikTok competitor Triller, another sign of the White House’s disfavor toward the ByteDance-owned video-sharing app. Triller is one of several TikTok alternatives that have experie... More »

Trump says looking at pressuring other Chinese companies after Bytedance

Published 4y ago

BEDMINSTER, N.J. (Reuters) – U.S. President Donald Trump said on Saturday he could exert pressure on more Chinese companies such as technology giant Alibaba (BABA.N) after he moved to ban TikTok. Asked at a news conference whether there were other particular C... More »

Explainer: Microsoft’s TikTok bid spotlights Windows maker’s history with China

Published 4y ago

SHANGHAI (Reuters) – Microsoft Corp has emerged as the most likely buyer of the U.S. operations of TikTok, the popular Chinese short-video app that U.S. President Donald Trump is preparing to effectively ban on national security grounds. A deal would be in lin... More »

Russia fines Google for not blocking banned content – Ifax

Published 4y ago

MOSCOW (Reuters) – A Russian court on Monday fined Google 1.5 million roubles ($20,350) after finding it guilty of failing to block content banned in Russia, the Interfax news agency reported. Source: https://www.reuters.com/article/us-russia-alphabet-lawsuit/... More »

Coronavirus accelerates European utilities’ digital drive

Published 4y ago

MILAN/FRANKFURT (Reuters) – When COVID-19 plunged Italy into lockdown, it was decision time at the Verampio power station. The control room, which runs a fleet of hydroelectric plants across the Piedmont region, hard hit by the pandemic, had to be secured to k... More »

Exclusive: India data-curb plan ‘anathema’, U.S. tech giants plan pushback

Published 4y ago

NEW DELHI (Reuters) – India’s plan to regulate “non-personal” data has jolted U.S. tech giants Amazon, Facebook and Google, and a group representing them is preparing to push back against the proposals, according to sources and a letter seen by Reuters. A gove... More »

Saudi information security firm Elm to acquire Tabadul

Published 4y ago

DUBAI (Reuters) – Saudi information security company Elm is to acquire digital services company Tabadul from Saudi Arabia’s sovereign wealth fund, Elm said in a statement on Sunday. The Public Investment Fund (PIF) also owns Elm and was considering an initial ... More »

Tired of Zoom calls? Company offers at-home hologram machines

Published 4y ago

LOS ANGELES (Reuters) – Looking for a new way to communicate during the pandemic? A Los Angeles company has created phone booth-sized machines to beam live holograms into your living room. The device made by PORTL Inc lets users talk in real time with a life-s... More »

Huawei to stop making flagship chipsets as U.S. pressure bites, Chinese media say

Published 4y ago

SHANGHAI/SHENZHEN, China (Reuters) – Huawei Technologies Co [HWT.UL] will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows. U.S. pressure on Huawei’s ... More »

Microsoft talks to buy TikTok’s U.S. operations spark ire in China

Published 4y ago

BEIJING/HONG KONG (Reuters) – A potential shotgun wedding to Microsoft Corp (MSFT.O) for TikTok’s U.S. operations provoked an outcry on Monday on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance. The U.S. te... More »

Location of TikTok headquarters is a matter for ByteDance: PM Johnson’s spokesman

Published 4y ago

LONDON (Reuters) – The location of TikTok owner ByteDance’s headquarters is a commercial decision for the company to make, a spokesman for British Prime Minister Boris Johnson said on Monday, responding to a report that the firm could move to London. “It would... More »

Google to buy 6.6% stake in ADT in home security push

Published 4y ago

(Reuters) – Alphabet Inc’s (GOOGL.O) Google is buying a 6.6% stake in home security firm ADT Inc (ADT.N) for $450 million in a deal that will allow it to provide service to customers of its Nest home security devices. ADT said on Monday the companies will work... More »

Brazil’s central bank says Whatsapp payment tests have begun

Published 4y ago

RIO DE JANEIRO (Reuters) – Brazil’s central bank said on Monday that tests had begun to trial payments via Facebook Inc’s messaging service WhatsApp in the country, calling them an “important advance.” In a statement, the bank said that the tests involve no re... More »

Pandemic revs up race for U.S. online car sales

Published 4y ago

DES MOINES, Iowa (Reuters) – After years of being part of a future that never quite arrived, the coronavirus pandemic has put U.S. online car sellers on the map. Now comes a race to spend vast sums on digital commerce platforms specifically designed to handle ... More »

EV maker Lordstown Motors to go public by merging with blank check firm

Published 4y ago

(Reuters) – Lordstown Motors has agreed to go public through a merger with blank-check company DiamondPeak Holdings in a deal that values the electric pickup truck start-up at pro forma equity value of $1.6 billion, the companies said on Monday. The combined c... More »

Singapore’s Universal Studios deploys facial recognition for entry

Published 4y ago

SINGAPORE (Reuters) – Visitors to Universal Studios in Singapore will now have to pass through facial recognition scanners to enter the park, in the city-state’s latest foray with a technology that has stoked privacy concerns. Resorts World Sentosa (RWS), whic... More »

Chinese artificial intelligence company files $1.4 billion lawsuit against Apple

Published 4y ago

SHANGHAI (Reuters) – Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also known as Xiao-i, has filed a lawsuit against Apple Inc, alleging it has infringed on its patents. The company is calling for 10 billion... More »

SoftBank spent $3.8 billion on buybacks in July, August

Published 4y ago

TOKYO (Reuters) – SoftBank Group Corp on Monday said it spent 398 billion yen ($3.8 billion) buying back 63.2 million shares between July 1 and Aug. 3, part of a repurchase programme that has helped lift its share price to two decade highs. The latest purchase... More »

Zoom to shift to ‘partner-only’ model in China, suspend direct sales

Published 4y ago

SHANGHAI (Reuters) – Zoom Video Communications (ZM.O) will shift to a partner-only model in mainland China from Aug. 23, suspending direct sales to all customers in the region, the company said on Monday. Zoom customers in China received an email on Monday inf... More »

Republican senators back plan to sell TikTok’s U.S. operations

Published 4y ago

WASHINGTON (Reuters) – Several Republican senators on Sunday backed a plan by China’s ByteDance to divest the U.S. operations of TikTok after President Donald Trump said on Friday he had decided to ban the popular short-video app. Senator John Cornyn, a Texas ... More »

Facebook brings official music videos to users’ feed

Published 4y ago

(Reuters) – Facebook Inc said on Friday that its users in the United States would be able to view and share official music videos on its platform, in a move to better compete with Alphabet Inc’s video platform YouTube. Facebook, which had 2.7 billion monthly a... More »

Google to keep employees home until summer 2021 amid pandemic: WSJ

Published 4y ago

(Reuters) – Alphabet Inc’s Google will keep its employees home until at least next July, the Wall Street Journal reported on Monday, citing people familiar with the matter. Chief Executive Officer Sundar Pichai made the decision himself last week after debate ... More »

SAP picked by Moderna to help distribute COVID-19 vaccine candidate

Published 4y ago

BERLIN (Reuters) – Business software group SAP (SAPG.DE) has been selected by Moderna (MRNA.O) to help distribute the potential COVID-19 vaccine that the U.S. pharmaceuticals company is developing, CEO Christian Klein said on Monday. “Moderna just selected SAP... More »

Hasbro profit misses as production delays weigh on board game sales

Published 4y ago

(Reuters) – Hasbro Inc (HAS.O) missed analysts’ estimates for quarterly earnings and revenue on Monday, as production shutdowns due to the COVID-19 pandemic crimped the toymaker’s efforts to cash in on strong demand for its board games. The company’s shares, w... More »

Huawei cuts India revenue target by up to 50%, laying off staff: ET

Published 4y ago

(Reuters) – Chinese telecom company Huawei Technologies Co has cut its India revenue target for 2020 by up to 50% and is laying off more than half of its staff in the country, the Economic Times reported on Monday, amid calls to boycott Chinese goods. Huawei’s... More »

Australian regulator says Google misled users over data privacy issues

Published 4y ago

SYDNEY (Reuters) – Australia’s competition regulator on Monday accused Alphabet’s Google of misleading consumers to get permission for use of their personal data for targeted advertising, seeking a fine “in the millions” and aiming to establish a precedent. Th... More »

Carrefour expands Uber Eats service to more French cities, Belgium

Published 4y ago

PARIS (Reuters) – French supermarket retailer Carrefour (CARR.PA) and Uber Eats (UBER.N) said on Monday they were rolling out their home delivery partnership nationwide and to Belgium. The service, initially launched on April 6, was aimed at helping Parisians ... More »

Global prospects dim for China’s tech champions as great powers clash

Published 4y ago

SHANGHAI/BEIJING (Reuters) – Huawei Technologies’ founder Ren Zhengfei’s global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European cities. Zhang Yiming, founder of ByteDance, the ... More »

UK asks Japan for Huawei alternatives in 5G networks: Nikkei

Published 4y ago

TOKYO (Reuters) – The British government has asked Japan to help build its 5G wireless networks without Huawei Technologies [HWT.UL], the Nikkei said on Sunday, a further step in a global technology and security war between the United States and China. Britain... More »

TikTok under scrutiny in Australia over security, data concerns

Published 4y ago

SYDNEY (Reuters) – Australia is scrutinising the popular Chinese-owned social media TikTok platform for any risks it may pose to users from around potential foreign interference and data privacy issues, government sources told Reuters. Owned by Bytedance, TikT... More »

Afghan all-girls robotics team designs low-cost ventilator to treat coronavirus patients

Published 4y ago

HERAT (Reuters) – In the eastern Afghan city of Herat, 18-year-old high school student Somaya Faruqi adjusts a suction cap as she puts the finishing touches before unveiling a low-cost, lightweight ventilator created by her and six other young women. The all-f... More »

Amazon says exports from India-based sellers cross $2 billion

Published 4y ago

NEW DELHI (Reuters) – Amazon.com Inc’s (AMZN.O) total exports from small and medium sellers in India, part of a company programme to export products to global markets, have crossed the $2 billion mark, two company executives said on Monday. Amazon’s “Global Se... More »

German parliamentary committee to discuss Wirecard scandal next week: lawmaker

Published 4y ago

BERLIN (Reuters) – The German parliament’s financial committee will hold an extraordinary meeting on the Wirecard (WDIG.DE) scandal on Wednesday next week and Finance Minister Olaf Scholz is expected to be there, a Social Democrat (SPD) lawamker said on Monday... More »

Symptom tracker app reveals six distinct types of COVID-19 infection

Published 4y ago

(This July 17 story corrects paragraph seven to say study was released online on June 16, not July 16) LONDON (Reuters) – British scientists analysing data from a widely-used COVID-19 symptom-tracking app have found there are six distinct types of the disease,... More »

Japan plans to invite TSMC to build joint chip plant: Yomiuri

Published 4y ago

TOKYO (Reuters) – Japan is aiming to invite Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) or other global chipmakers to build an advanced chip manufacturing plant jointly with domestic chip equipment suppliers, the Yomiuri daily reported on Sunday. The J... More »

Twitter disables Trump tweet over copyright complaint

Published 4y ago

WASHINGTON (Reuters) – Twitter Inc disabled a campaign-style video that President Donald Trump retweeted on Saturday, citing a copyright complaint. The video, which included music from the group Linkin Park, disappeared from the president’s Twitter feed late S... More »

Disney cuts ad spending on Facebook amid growing boycott: WSJ

Published 5y ago

(Reuters) – Walt Disney (DIS.N) has become the latest company to slash its advertising spending on Facebook Inc (FB.O) as the social media giant faces an ad boycott over its handling of hate speech and controversial content, the Wall Street Journal reported on... More »

G20 finance officials eye solution to digital tax row this year

Published 5y ago

WASHINGTON/BERLIN (Reuters) – Finance officials from the Group of 20 major economies on Saturday vowed to resolve major differences over taxing big tech companies and reach a broad, consensus-based solution on international taxation this year. The United State... More »

UK to ban Huawei from 5G network

Published 5y ago

LONDON (Reuters) – Prime Minister Boris Johnson’s government will ban Huawei from Britain’s 5G network by ordering telecoms companies to remove its equipment by 2027, Media Secretary Oliver Dowden said on Tuesday. Operators will not be able to purchase 5G comp... More »

Britain set to ban Huawei from 5G, though timescale unclear

Published 5y ago

LONDON (Reuters) – Prime Minister Boris Johnson is set to ban Huawei from Britain’s 5G network in a landmark decision that will anger Beijing but win plaudits from President Donald Trump as the United States grapples with China’s rising economic and technologi... More »

Alibaba’s Jack Ma sells $8.2 billion worth shares, stake dips to 4.8%: filing

Published 5y ago

SHANGHAI (Reuters) – Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm’s annual filing released on Friday showed. The divestm... More »

UK government to make Huawei statement on Tuesday

Published 5y ago

LONDON (Reuters) – British minister Oliver Dowden will make a statement to parliament on Huawei some time after 1130 GMT on Tuesday, the opposition Labour Party said on Twitter. Britain is set to ban Huawei from Britain’s 5G network in a landmark decision that... More »

Alphabet’s Google commits $10 billion to accelerate digitization in India

Published 5y ago

NEW DELHI (Reuters) – Alphabet Inc’s Google on Monday said it would spend around $10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market. The investments will be done ... More »

Electric car maker Fisker to go public through SPAC deal at $2.9 billion valuation

Published 5y ago

(Reuters) – Electric car maker Fisker will go public through a merger with a blank check company backed by private equity firm Apollo Global Management Inc at a valuation of $2.9 billion, the companies said on Monday. Reuters reported last week that the specia... More »

UK will place priority on national security in Huawei decision, minister says

Published 5y ago

LONDON (Reuters) – Britain will place a “huge priority” on national security when considering Chinese telecoms firm Huawei’s role in the country’s 5G network, justice minister Robert Buckland said on Monday. “National security comes first … and I know that the... More »

Smartphone shipments in China fall 16% in June: government data

Published 5y ago

SHANGHAI (Reuters) – Smartphone shipments in China fell 16% in June compared with a year earlier, according to government data released on Tuesday. The numbers suggest that handset demand in China remains lukewarm despite the country’s recovery from the corona... More »

Tesla slashes Model Y SUV price as pandemic weighs on auto sector

Published 5y ago

(Reuters) – Tesla Inc (TSLA.O) cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic. The reduction follows price cuts in May on ... More »

Reliance’s digital unit wins Qualcomm backing in boost to 5G plans

Published 5y ago

NEW DELHI (Reuters) – India’s Reliance Industries said on Sunday Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion rupees ($97.1 million). The partnership will help Jio Platforms, the unit that houses Relian... More »

Huawei to request UK to delay 5G network removal – The Times

Published 5y ago

(Reuters) – China’s Huawei Technologies has requested a meeting with UK Prime Minister Boris Johnson to work out a deal to delay its potential removal from the country’s 5G phone network, the Sunday Times newspaper reported on Sunday. The Chinese telecoms equi... More »

UK decision on Huawei not set in stone, British minister says

Published 5y ago

LONDON (Reuters) – Britain’s decision to allow China’s Huawei to play a limited role in building its 5G network is not “fixed in stone” and is being reviewed following the imposition of U.S. sanctions, culture minister Oliver Dowden said on Monday. Britain gra... More »