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 »
NEW DELHI (Reuters) – Heavily indebted Indian telecoms firm Vodafone Idea (VODA.NS) won some reprieve on Tuesday as the country’s top court gave mobile carriers 10 years to settle government dues, but the company’s longer-term problems are not over. Vodafone I... More »
NEW DELHI (Reuters) – India’s top court on Tuesday gave telecom firms 10 years to pay back dues they owe to the federal government after they failed to make the payment by the January deadline. Telecom providers in India pay the Department of Telecommunication... More »
(Reuters) – At a North California supermarket last week, one visitor likely had only one thing in mind – the bear necessities. Shoppers at the Kings Beach Safeway by Lake Tahoe found an otherwise routine trip to the store on Aug. 25 disrupted by an inquisitive... More »
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 »
(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 »
PARIS (Reuters) – French media conglomerate Vivendi (VIV.PA) and activist fund Amber Capital – the two biggest shareholders in French company Lagardere (LAGA.PA) – said they would go to court over Lagardere’s refusal to hold a special shareholders meeting. The... More »
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 »
(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 »
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 »
(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 »
(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 »
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 »
(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 »
GOMA, Democratic Republic of Congo (Reuters) – An unidentified flying object parachuted into dense Congo jungle to the confusion of local authorities, who detained two people for questioning until a subsidiary of Google parent company Alphabet confirmed the de... More »
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 »
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 »
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 »
(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 »
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 »
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 »
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 »
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 »
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 »
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 »
(Reuters) – AMC Entertainment Holdings Inc said on Thursday it expects all its international theaters to resume operations in the next two to three weeks, while two-thirds or more of its U.S. theaters are set to reopen later this month. Movie theaters across t... More »
DUBAI (Reuters) – Abu Dhabi state defence and security entity Tawazun is to build a satellite assembly, integration and testing centre with Airbus in the United Arab Emirates’ oasis city of Al Ain, state news agency WAM reported on Wednesday. The centre also i... More »
(Reuters) – U.S. astronauts Bob Behnken and Doug Hurley, home two days from a landmark mission as NASA’s first crew to fly a privately built vehicle into orbit, recounted on Tuesday the loud, jarring ride they experienced through Earth’s atmosphere before a sa... More »
(Reuters) – Billionaire Richard Branson will fly into space on a Virgin Galactic rocketship early next year, the space tourism company he founded said on Monday, adding that it would raise new funds with a share offering. Branson’s trip to space hinges on the ... More »
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 »
SINGAPORE (Reuters) – Singapore researchers have developed “electronic skin” capable of recreating a sense of touch, an innovation they hope will allow people with prosthetic limbs to detect objects, as well as feel texture, or even temperature and pain. The d... More »
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 »
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 »
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 »
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 »
NEW YORK (Reuters) – As someone who dreams of a career in the music business, Amanda Montgomery had big plans for her summer internship – working in studios, going on shoots for music videos, maybe taking in some live concerts. Thanks to COVID-19, her internsh... More »
WASHINGTON (Reuters) – Enhanced unemployment benefits that the U.S. Congress authorized early in the coronavirus pandemic are due to expire at the end of July and thus far lawmakers have been unable to agree on a measure to extend them. Economists warn that co... More »
(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 »
BERLIN (Reuters) – SAP’s (SAPG.DE) plans to float online sentiment tracking business Qualtrics would be a “win-win” proposition, CEO Christian Klein said on Monday, as the business software group confirmed its second quarter results and guidance. SAP would ret... More »
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 »
(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 »
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 »
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 »
DUBAI (Reuters) – The United Arab Emirates launched its first mission to Mars on Monday as it strives to develop its scientific and technological capabilities and reduce its reliance on oil. The Hope Probe blasted off from Japan’s Tanegashima Space Center at 1... More »
(Reuters) – EBay Inc (EBAY.O) is in advanced talks to sell its classified-ads unit to Norwegian group Adevinta ADEV.OL as the online auction pioneer seeks to refocus on its core marketplace business, the Wall Street Journal reported on Monday. The price of the... More »
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 »
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 »
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 »
WASHINGTON (Reuters) – The NASA astronauts who traveled to the International Space Station in SpaceX’s first crewed flight in May are expected to return to Earth on Aug. 2 after spending two months in orbit, a NASA spokesman said on Friday. U.S. astronauts Bob... More »
LAGOS (Reuters) – Oreoluwa Akinnawo is in his element. Lagos’s bars and restaurants are shut and Nigerians are struggling to socialise. The pandemic is his perfect time to find a soul mate online. “The dating thing during this restriction works perfectly for m... More »
WASHINGTON (Reuters) – NASA administrator Jim Bridenstine said Tuesday he still expected support from Russia’s space corporation in its Artemis moon program despite Moscow’s space chief slamming the U.S.-led lunar effort. Bridenstine said in an interview with ... More »
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 »
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 »
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 »
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 »
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 »
(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 »
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 »
(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 »
TOKYO (Reuters) – With their stadium devoid of fans due to coronavirus restrictions, Japanese baseball team Fukuoka SoftBank Hawks have come up with an imaginative replacement: dancing robots. Before their most recent Nippon Professional Baseball (NPB) game ag... More »
(Reuters) – Property data and analytics company CoreLogic rejected an unsolicited $7 billion takeover offer from two investment firms on Tuesday, saying it expected to earn more this year and would buy back more of its stock. A consortium of Cannae Holdings In... More »
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 »
LONDON/BERLIN/MILAN (Reuters) – It’s tough to do any useful work when you’re stuck at home, struggling to home-school bickering kids, let alone when you’re trying to produce a COVID-19 vaccine. British drugmaker AstraZeneca (AZN.L) had spent years preparing fo... More »
TOKYO (Reuters) – Japan’s Fujitsu Ltd (6702.T) said on Monday it would halve its office space in three years as it rewrites the way employees work under a “new normal” amid the coronavirus pandemic. The IT solutions company said its roughly 80,000 group employ... More »
(Reuters) – Ride-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement, Bloomberg News reported bloom.bg/2Z0TVcd late Sunday, citing people familiar with the matter. The deal ha... More »
PARIS (Reuters) – The head of the French cybersecurity agency ANSSI said there would not be a total ban on using equipment from Huawei in the rollout of the French 5G telecoms network, but that it was pushing French telcos to avoid switching to the Chinese com... More »
LONDON (Reuters) – China’s Huawei has clear conditions to meet for Britain to continue to allow its involvement in the development of 5G telecoms infrastructure, Britain’s health minister said on Sunday, after a report that the firm would be banned from the pr... More »
FRANKFURT (Reuters) – The European Central Bank is lowering the bar for bank mergers in the euro zone, hoping to encourage an elusive wave of consolidation in a sector plagued by low profits and unresolved issues inherited from the last financial crisis. In a ... More »
VIENNA (Reuters) – An Austrian lawyer has filed a criminal complaint against Wirecard’s (WDIG.DE) former Chief Executive Markus Braun and Chief Operating Officer Jan Marsalek at a court in Vienna, accusing them of market manipulation and serious fraud. The Vie... More »
LONDON (Reuters) – More joined up rules may be needed across the payments sector after the collapse of Germany’s Wirecard AG, Bank for International Settlements president Augustin Carstens said. Wirecard’s demise has thrown a spotlight on payments, which is on... More »
TEL AVIV/ZURICH (Reuters) – Israeli start-up Redefine Meat plans to launch 3D printers to produce plant-based steaks mimicking real beef next year in a bid for a slice of the fast-growing alternative meat market. Meat substitutes are increasingly popular with ... More »
FRANKFURT (Reuters) – German regulators twice looked into tightening the supervision of collapsed payments firm Wirecard and discussed it with the German and European central banks but no action was taken, a person with direct knowledge of the talks told Reute... More »
OAKLAND, Calif. (Reuters) – Alphabet Inc’s (GOOGL.O) Google upended plans by European media companies to block it from harvesting data about their readers and slash some of its dominance in online advertising, seven people involved in the talks said this month... More »
(Reuters) – AMC Entertainment Holdings Inc said on Monday it has delayed the reopening of its theaters in the United States by two weeks to July 30. The world’s largest movie theater operator said that the date aligns with the release of Disney’s “Mulan” and C... More »
PARIS (Reuters) – The European Union will plough more money into rocket launches, satellite communication and space exploration to preserve its often unsung successes in space and keep up with US and Chinese ambitions, its space chief said on Sunday. Over the ... More »
TOKYO (Reuters) – One lucky baseball fan was taken inside the otherwise empty Tokyo Dome for Yomiuri Giants’ win on Tuesday via a monitor mounted on a robot she controlled from home. Nippon Professional Baseball teams have begun their season without fans in st... More »
PARIS (Reuters) – Finland’s Nokia Oyj (NOKIA.HE) plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the local workforce, the group said on Monday, confirming an earlier Reuters report. Nokia, which competes ... More »
MANILA (Reuters) – Bank of the Philippine Islands Chief Executive Cezar Consing said it was clear that a certificate purporting to be for a Wirecard deposit was “spurious” and reiterated that no cash from the German payments firm had entered the bank. Wirecard... More »
BEIJING (Reuters) – China indefinitely postponed on Tuesday the launch of the final satellite of its Beidou navigation network because of technical problems in the rocket meant to launch it into orbit. The official website for the Beidou network said in a stat... More »
(Reuters) – The U.S. will amend its prohibitions on U.S. companies doing business with China’s Huawei to allow them to work together in standards settings for next generation 5G networks, according to people familiar with the matter. The U.S. Commerce Departme... More »
WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of U.S. antitrust law by big technology companies, according to a letter from an attorney representing A... More »
(Reuters) – Amazon.com Inc Chief Executive Officer Jeff Bezos is willing to testify before a House antitrust investigation into the market power of major tech companies, the New York Times reported here on Monday, citing a lawyer for Amazon who wrote to lawmak... More »
(Reuters) – Honeywell International Inc, a major supplier of aerospace products, said Monday it launched an unmanned aerial systems business to bet on the autonomous aviation space – drones, air taxis, and unmanned cargo delivery vehicles. Stéphane Fymat, the ... More »
NEW YORK (Reuters) – Facebook Inc’s WhatsApp messaging service rolled out a system across Brazil on Monday that will allow users to send money to individuals or local businesses within a chat, attaching payment as they would a photo or video. WhatsApp tested t... More »
BERLIN (Reuters) – Germany on Tuesday becomes the latest European country to launch a smartphone app that seeks to break the chain of coronavirus infection by tracking encounters between people and issuing a warning should one of them test positive. A growing ... More »
(Reuters) – Houston-based engineering company KBR Inc said on Monday it was awarded a $570.3 million contract by NASA to develop and execute spaceflight operations at Marshall Space Flight Center in Huntsville, Alabama. Under the contract, KBR will perform Int... More »
HONG KONG (Reuters) – Chinese gaming giant NetEase on Monday announced a strategic partnership with Warner Bros Interactive Entertainment to develop a new “Lord of the Rings” mobile game, bolstering its pipeline following its secondary listing in Hong Kong. Th... More »
BEIJING (Reuters) – The Chinese Beidou navigation network will be complete this month when its final satellite goes into orbit, giving China greater independence from U.S.-owned GPS and heating up competition in a sector long dominated by the United States. Th... More »
MOSCOW (Reuters) – Americans should show more respect for Russia’s space program after relying on it for nine years as the only way to send U.S. astronauts into orbit, the head of Russia’s space agency said. The United States launched the first astronauts from... More »
TOKYO (Reuters) – Mira Robotics developed its “ugo” robot to reinforce greying Japan’s shrinking workforce, but as the coronavirus threat persists, the Japanese startup is offering its machine as a tool in the fight against the outbreak, the company’s CEO said... More »
HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) could quickly fill any order gap should U.S. restrictions against Huawei Technologies Co Ltd [HWT.UL] prevent sales to the Chinese firm, the company’s chairman said on Tuesd... More »
SEOUL (Reuters) – A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation. The ruling provided temporary relief for the vice chairman of Samsung... More »
HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) is still in talks with the U.S. government about subsidies for its new plant in Arizona, chairman Mark Liu said on Tuesday. “We hope federal and state governments could make... More »
WASHINGTON (Reuters) – International Business Machines Corp (IBM.N) disclosed Monday it will no longer offer facial recognition or analysis software in a letter to Congress calling for new efforts to pursue justice and racial equity, new Chief Executive Office... More »
(Reuters) – Online used car seller Vroom Inc raised $467.5 million in its U.S. initial public offering, the company said on Monday, as the IPO market picks up momentum after the COVID-19 pandemic placed many debuts on hold. Vroom priced its IPO at $22, above t... More »
SHANGHAI (Reuters) – Alibaba Group said its cloud unit aims to recruit 5,000 staff globally from now until the end of this financial year, in areas including network, database, servers, chips and artificial intelligence, it said in a statement on Tuesday. “The... More »
(Reuters) – Human Interest, which helps small and medium-sized businesses set up 401K plans for employees, said on Wednesday it had extended its Series C funding round to $50 million due to more demand during the coronavirus crisis. The San Francisco-based sta... More »
HANOI (Reuters) – Vietnam is aiming for double-digit annual growth in the turnover of e-commerce over the next five years, forecasting that sales in the sector could be worth $35 billion by 2025 in the Southeast Asian country. More than half of Vietnam’s 96 mi... More »
(Reuters) – Walt Disney Co’s (DIS.N) top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the chief executive officer of TikTok, the popular video app owned by China’s ByteDance Technology Co, the companies said on... More »
(Reuters) – Chinese search engine giant Baidu Inc forecast second-quarter revenue above expectations on Monday, as businesses reopen in the world’s second-largest economy after strict lockdowns to curb the spread of the coronavirus. Baidu’s U.S.-listed shares ... More »
