Technology

South Korea passes bill limiting Softbank-backed ride-hailing service Tada

Technology News (Reuters) - Sat, 03/07/2020 - 01:11
South Korea's parliament on late Friday passed a controversial bill to limit ride-hailing service Tada, dealing a blow to a company that has been a smash hit since its launch in late 2018 but faced a backlash from taxi drivers angry over new mobility services.
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UK defense committee to probe security of 5G network on Huawei concerns

Technology News (Reuters) - Fri, 03/06/2020 - 22:50
Britain's parliamentary defense committee will investigate the security of the country's 5G mobile network, the group of lawmakers said on Friday, amid continued concerns about the role of Chinese company Huawei [HWT.UL].
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Apple asks Silicon Valley employees to work from home as virus spreads

Technology News (Reuters) - Fri, 03/06/2020 - 21:32
Apple Inc on Friday asked employees at its Silicon Valley headquarters to work from home if possible as a "precaution," a spokesman confirmed to Reuters.
Categories: Technology

Grindr's Chinese owner says to sell social media app for $608 mln

Technology News (Reuters) - Fri, 03/06/2020 - 20:12
Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that it has agreed to sell Grindr LLC, a popular gay dating app it acquired in 2016, for about $608.5 million.
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Vodafone, TIM win conditional EU approval for tower deal

Technology News (Reuters) - Fri, 03/06/2020 - 18:57
Vodafone and Telecom Italia (TIM) on Friday secured conditional EU antitrust approval to create Europe's biggest mobile towers company, part of a strategy to roll out lucrative 5G services.
Categories: Technology

Tesla advertises for solar, energy storage staff in China

Technology News (Reuters) - Fri, 03/06/2020 - 18:37
Tesla Inc has advertised for solar and energy storage project managers in China, as the U.S. electric vehicle maker moves to expand its energy business into the country.
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Huawei confident it will supply core network technology to European operators

Technology News (Reuters) - Fri, 03/06/2020 - 14:30
Chinese telecom equipment maker Huawei is confident some European telecoms firms will choose it to provide 5G technology for their core networks, the firm's chief representative to the EU, Abraham Liu, told Reuters on Friday.
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Tesla wins approval to sell longer-range China-made Model 3 vehicles

Technology News (Reuters) - Fri, 03/06/2020 - 14:00
Tesla Inc has secured Chinese government approval to sell longer-range China-made model 3 vehicles in China, the Ministry of Industry and Information Technology said on Friday.
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Nokia draws $560 million R&D loan for 5G

Technology News (Reuters) - Fri, 03/06/2020 - 13:33
Finnish telecoms equipment maker Nokia drew a 500 million euro ($561 million) loan last month to help it to accelerate development of 5G technology, its annual report shows.
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Samsung to shift some smartphone production to Vietnam due to coronavirus

Technology News (Reuters) - Fri, 03/06/2020 - 13:04
Samsung Electronics said on Friday that it would temporarily move some smartphone production to Vietnam from South Korea after another of its Korean staff tested positive for the coronavirus, forcing it to close a factory.
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Huawei confident it will supply core networks technology to European operators

Technology News (Reuters) - Fri, 03/06/2020 - 12:42
Chinese telecom equipment maker Huawei is confident some European telecoms will choose it to provide 5G technology for their core networks, the firm's chief representative to the EU, Abraham Liu, told Reuters on Friday.
Categories: Technology

Grindr's Chinese owner says to sell social media app for $608 million

Technology News (Reuters) - Fri, 03/06/2020 - 12:03
Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that it has agreed to sell Grindr LLC, a popular gay dating app it acquired in 2016, for about $608.5 million.
Categories: Technology

Exclusive: Tencent-backed WeDoctor invites banks to lead $1 billion Hong Kong IPO, sources say

Technology News (Reuters) - Fri, 03/06/2020 - 10:56
WeDoctor will push ahead with a Hong Kong listing and invite pitches from investments banks next week to lead an IPO valuing the Chinese healthcare platform at up to $10 billion, two sources with direct knowledge of the matter said.
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Facebook, Google ask San Francisco staff to work from home as coronavirus spreads

Technology News (Reuters) - Fri, 03/06/2020 - 09:15
Social media giant Facebook Inc and Alphabet Inc's Google on Thursday recommended their San Francisco Bay area employees work from home to minimize the risk of spreading coronavirus.
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Facebook decides to take down Trump 2020 campaign's 'census' ads

Technology News (Reuters) - Fri, 03/06/2020 - 03:10
Facebook Inc on Thursday removed ads by President Donald Trump's re-election campaign that asked users to fill out an "Official 2020 Congressional District Census" because the ads violate the company's policy against misinformation on the government's census.
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U.S. legislation targets online child sexual abuse; threatens encryption on Facebook, Google

Technology News (Reuters) - Fri, 03/06/2020 - 03:09
A bipartisan group of U.S. senators on the powerful judiciary committee on Thursday introduced a bill aimed at curbing online distribution of child sexual abuse material that technology and civil liberties groups said was an attack on strong encryption critical to billions of people.
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The coronavirus domino effect: South Korean tech firms reel as Vietnam links curbed

Technology News (Reuters) - Fri, 03/06/2020 - 03:05
For one South Korean multinational company that makes smartphone components used by Apple Inc and LG Electronics Inc , the coronavirus epidemic is dealing blow after blow.
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Embattled Twitter chief Dorsey reconsiders Africa move amid coronavirus concerns

Technology News (Reuters) - Fri, 03/06/2020 - 02:50
Twitter Inc Chief Executive Officer Jack Dorsey said on Thursday he is reconsidering a proposed stint in Africa this year due to coronavirus concerns, walking back his plans amid a call by activist investor Elliott Management for his ouster.
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Nokia says Alcatel compliance review ongoing, risks limited

Technology News (Reuters) - Fri, 03/06/2020 - 02:22
Nokia is continuing its own investigation, and cooperating with the authorities, over compliance issues at its Alcatel-Lucent business, the Finnish firm said in its annual report to the U.S. Securities and Exchange Commission.
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Nokia draws 500 million euro R&D loan from EIB

Technology News (Reuters) - Fri, 03/06/2020 - 01:49
Nokia drew a 500-million euro ($561 million) loan from the European Investment Bank (EIB) on Feb. 24, according to its annual report released late on Thursday to the U.S. Securities and Exchange Commission.
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