Technology

Permira sells into strength at remote connectivity play TeamViewer

Technology News (Reuters) - Wed, 03/04/2020 - 12:06
Private equity investor Permira took advantage of strength in the shares of TeamViewer, in part driven by an increase in working at home due to the coronavirus epidemic, to sell an 11% stake worth 700 million euros ($781 million).
Categories: Technology

India's top court strikes down RBI banking ban on cryptocurrency

Technology News (Reuters) - Wed, 03/04/2020 - 11:53
India's Supreme Court on Wednesday allowed banks to handle cryptocurrency transactions from exchanges and traders, overturning a central bank ban that dealt the thriving industry a major blow.
Categories: Technology

Facebook gives WHO free ads in battle with coronavirus misinformation

Technology News (Reuters) - Wed, 03/04/2020 - 10:56
Facebook Inc will provide free advertisements to the World Health Organization (WHO) as it seeks to ensure users are not misinformed about the virus, its risks and how to react to it, Chief Executive Officer Mark Zuckerberg said on Tuesday.
Categories: Technology

WhatsApp takes step toward winning spyware lawsuit after Israeli company no-show

Technology News (Reuters) - Wed, 03/04/2020 - 07:41
WhatsApp has taken a step toward winning its widely publicized lawsuit against the NSO Group after the Israeli spyware merchant failed to show up in court, according to a notice of default entered Monday in California.
Categories: Technology

Amazon confirms first coronavirus case among U.S. employees

Technology News (Reuters) - Wed, 03/04/2020 - 05:23
Online retailer Amazon.com Inc said on Tuesday an employee in the United States tested positive for the coronavirus.
Categories: Technology

U.S. senators want Britain to reconsider using Huawei equipment

Technology News (Reuters) - Wed, 03/04/2020 - 04:49
Twenty Republican and Democratic U.S. senators came together on Tuesday to urge British lawmakers to reconsider their government's decision to allow China's Huawei [HWT.UL] to be among the suppliers for the country's 5G mobile telephone network, the latest salvo in U.S. opposition to the plan.
Categories: Technology

Chinese cybersecurity company accuses CIA of 11-year-long hacking campaign

Technology News (Reuters) - Wed, 03/04/2020 - 04:44
Chinese anti virus firm Qihoo 360 said CIA hackers have spent more than a decade breaking into the Chinese airline industry and other targets, a blunt allegation of American espionage from a Beijing-based firm.
Categories: Technology

E-commerce firm Peixe in talks to buy electric scooter startup Grow: sources

Technology News (Reuters) - Wed, 03/04/2020 - 04:19
Latin American e-commerce company Peixe is in advanced talks to acquire electric scooter firm Grow Mobility, four people with knowledge of the matter said on Tuesday, potentially the latest deal in a crowded sector where profitability remains an elusive goal.
Categories: Technology

Exclusive: SoftBank-backed CloudMinds blocked from exporting U.S. tech to China

Technology News (Reuters) - Wed, 03/04/2020 - 04:10
SoftBank-backed startup CloudMinds has been blocked from sharing U.S.-origin technology with its China business, documents showed, illustrating how increased U.S. government restrictions are creating new headaches for tech firms and their investors.
Categories: Technology

SoftBank CEO hosts 'pre-IPO summit' in New York as he courts investors

Technology News (Reuters) - Wed, 03/04/2020 - 02:08
SoftBank Group Corp Chief Executive Masayoshi Son held his first "pre-IPO summit" for the Japanese conglomerate's portfolio companies on Tuesday, introducing them to Wall Street investors who could be backing their stock market debuts.
Categories: Technology

GM to tout its electric vehicles to investors swooning over Tesla

Technology News (Reuters) - Wed, 03/04/2020 - 02:06
General Motors Co executives on Wednesday will tackle one of their toughest tasks: Persuading investors that a Detroit automaker can catch up with Elon Musk and Tesla Inc as vehicles go electric.
Categories: Technology

Super Tuesday voting so far free of cyber meddling, U.S. officials say

Technology News (Reuters) - Wed, 03/04/2020 - 01:49
The Super Tuesday primary elections were so far free of any signs of interference, said national security professionals who gathered in Northern Virginia in an unprecedented monitoring effort to counter cyberattacks and foreign disinformation.
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Facebook to revamp its digital currency plans: The Information

Technology News (Reuters) - Wed, 03/04/2020 - 01:41
Facebook Inc will revamp its plans for digital currencies amid regulatory scrutiny, The Information reported on Tuesday.
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Hewlett Packard Enterprise cuts cash flow outlook on coronavirus impact, shares down

Technology News (Reuters) - Wed, 03/04/2020 - 01:00
Hewlett Packard Enterprise on Tuesday cut its free cash flow forecast for the year citing supply constraints due to the coronavirus outbreak, and reported a lower-than-expected quarterly revenue.
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Ford bets more businesses want carbon-free delivery vans

Technology News (Reuters) - Wed, 03/04/2020 - 00:33
Ford Motor Co is putting more chips on a bet that it can profit from selling electric vans to delivery businesses that need to reduce carbon emissions.
Categories: Technology

Google cancels annual developer conference amid coronavirus concerns

Technology News (Reuters) - Tue, 03/03/2020 - 23:51
Alphabet Inc said on Tuesday it has canceled its annual developer event, Google I/O, amid concerns related to the coronavirus outbreak.
Categories: Technology

Lam Research unveils improved tool to make 3-D chips for phones, devices

Technology News (Reuters) - Tue, 03/03/2020 - 23:38
Lam Research Corp on Tuesday released its first major new tool in two decades for producing finer three-dimensional details on computer chips that must be shrunk down to fit into ever more complex phones and other electronic devices.
Categories: Technology

Coronavirus is not impacting ride-hailing demand: Lyft CFO

Technology News (Reuters) - Tue, 03/03/2020 - 21:58
The outbreak of the coronavirus has not impacted consumer demand for ride-hailing services, Lyft's chief financial officer said on Tuesday.
Categories: Technology

Robinhood restores app services after suffering outage again

Technology News (Reuters) - Tue, 03/03/2020 - 21:17
Fintech startup Robinhood Markets Inc said on Tuesday its free stock trading app is up and running again after a second straight day of outages.
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Nokia says will cut up to 148 jobs in Finland this year

Technology News (Reuters) - Tue, 03/03/2020 - 21:09
Finnish network equipment maker Nokia will cut up to 148 jobs in Finland in 2020 excluding its 5G development operations, it said on Tuesday evening.
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