Technology

Amazon's fight against $277 million EU tax order kicks off in court on Thursday

Technology News (Reuters) - Mon, 03/02/2020 - 22:29
Amazon will on Thursday seek to overturn an EU order to repay about 250 million euros ($277 million) in back taxes to Luxembourg at Europe's second-highest court, one of a series of high-profile cases marking the bloc's crackdown on unfair tax deals.
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Apple stock rebounds almost 7% to head for strongest day since 2018

Technology News (Reuters) - Mon, 03/02/2020 - 20:23
Shares in Apple surged 6.9% on Monday, helped by a broad Wall Street rebound and an upgraded rating from an analyst who said the iPhone maker's stock had become oversold following last week's rout related to fears about the new coronavirus.
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Nvidia shifts conference to online-only amid health, safety concerns

Technology News (Reuters) - Mon, 03/02/2020 - 20:18
Chip supplier Nvidia Corp on Monday called off the in-person portion of its annual user conference scheduled for March 22 to 26 at the San Jose Convention Center, citing health and safety concerns as the coronavirus spreads in the United States.
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Exclusive: Newly obtained documents show Huawei role in shipping prohibited U.S. gear to Iran

Technology News (Reuters) - Mon, 03/02/2020 - 18:39
China’s Huawei Technologies, which for years has denied violating American trade sanctions on Iran, produced internal company records in 2010 that show it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator.
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Nokia replaces CEO with Fortum boss Lundmark to revive 5G business

Technology News (Reuters) - Mon, 03/02/2020 - 14:28
Nokia has rehired former executive Pekka Lundmark from energy group Fortum to lead the Finnish telecoms company's efforts to revive its faltering 5G business.
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WillScot to combine with Mobile Mini in all-share deal

Technology News (Reuters) - Mon, 03/02/2020 - 13:45
WillScot Corp, the largest U.S. supplier of mobile office trailers, will combine in an all-share deal with Mobile Mini Inc, the biggest U.S. provider of portable storage solutions, the companies said on Monday.
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Incoming Nokia CEO says too early to comment on strategic changes

Technology News (Reuters) - Mon, 03/02/2020 - 13:08
Finnish telecom equipment maker Nokia's incoming chief executive Pekka Lundmark told a news conference on Monday it was too soon to talk about any strategic changes.
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Nokia has no plans to assess strategic options: outgoing chairman

Technology News (Reuters) - Mon, 03/02/2020 - 11:29
Finnish telecom equipment maker Nokia has no plans to assess strategic options for the company, its outgoing chairman Risto Siiliasma told a news conference on Monday.
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Nokia appoints Fortum CEO Lundmark to replace Suri from September

Technology News (Reuters) - Mon, 03/02/2020 - 10:25
Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on Monday.
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Nokia appoints Fortum CEO Lundmark to replace Suri from September 1

Technology News (Reuters) - Mon, 03/02/2020 - 09:04
Nokia Chief Executive Rajeev Suri will step down in September and is to be replaced by Pekka Lundmark, until now the CEO of energy group Fortum, the telecoms equipment maker said on Monday.
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Samsung starts building $220 million R&D center in Vietnam

Technology News (Reuters) - Mon, 03/02/2020 - 08:24
Samsung Electronics has started building a $220 million research and development center in Vietnam, the South Korean tech giant's local unit said on Monday.
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Samsung starts building $220 million R&D centre in Vietnam

Technology News (Reuters) - Mon, 03/02/2020 - 06:20
Samsung Electronics has started building a $220 million research and development centre in Vietnam, the South Korean tech giant's local unit said on Monday.
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Rakuten to set big data mobile plan at 2,980 yen per month to undercut rivals: Nikkei

Technology News (Reuters) - Mon, 03/02/2020 - 02:27
Japan's Rakuten Inc plans to set its big data mobile plan at 2,980 yen ($27.68) per month, or less than half of major rivals' offerings, the Nikkei business daily reported on Monday.
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Switzerland files criminal complaint over Crypto spying scandal

Technology News (Reuters) - Sun, 03/01/2020 - 16:44
The Swiss government has filed a criminal complaint over the U.S. Central Intelligence Agency's alleged use of a cryptography company as a front to spy on various governments' secret communications, the Swiss attorney general's office said on Sunday.
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Samsung and LG Innotek close South Korea plants after confirmed virus cases

Technology News (Reuters) - Sun, 03/01/2020 - 14:21
Samsung Electronics and LG Innotek have shut their factories in South Korea after a worker tested positive for the coronavirus, the companies said on Sunday.
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Small miners hungry for fresh capital despite rampant EV enthusiasm

Technology News (Reuters) - Sun, 03/01/2020 - 10:53
TORONTO - Small miners hoping to take advantage of demand for battery metals are struggling to convert electric vehicle aficionados into investors, compounding the sector's funding constraints even as analysts predict a long-term shortage of the raw materials used to make EVs.
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South Korea's Samsung Electronics closes mobile device plant after coronavirus case confirmed: Yonhap

Technology News (Reuters) - Sun, 03/01/2020 - 06:12
Samsung Electronics shut one of its mobile device factories in South Korea after a worker tested positive for the coronavirus, the Yonhap news agency reported, citing a company official.
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Toyota plans new $1.2 billion EV plant in Tianjin with FAW: document

Technology News (Reuters) - Sat, 02/29/2020 - 12:40
Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group, a document from the local authorities showed.
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Elliott targets Twitter, seeking CEO Dorsey's removal: sources

Technology News (Reuters) - Sat, 02/29/2020 - 08:30
Hedge fund Elliott Management Corp has amassed a stake in Twitter Inc and is pushing for changes, including removal of the social media company's chief executive, Jack Dorsey, two people familiar with the matter said on Friday.
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FCC proposes fining U.S. wireless carriers more than $200 mln over consumer location data

Technology News (Reuters) - Sat, 02/29/2020 - 01:41
The Federal Communications Commission confirmed on Friday it voted to propose fining four major U.S. wireless carriers more than $200 million for failing to protect consumers' location information.
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