Technology

Video conference company Pexip surges 54% in IPO debut

Technology News (Reuters) - Thu, 05/14/2020 - 08:32
Shares in Norway's Pexip Holding soared by 54% in early trade on Thursday as the video conferencing company made its stock market debut after an initial public offering (IPO) that was more than 12 times oversubscribed.
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India's investment policy upsets Xiaomi, Oppo's consumer finance plans

Technology News (Reuters) - Thu, 05/14/2020 - 07:37
Tougher scrutiny of foreign investment in India has soured the plans of China's smartphone manufacturers seeking to expand beyond selling hardware for a bigger share of the South Asian country's competitive financial services market.
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Digicel Group denies report of Pacific unit sale to China Mobile

Technology News (Reuters) - Thu, 05/14/2020 - 07:19
Jamaica-based mobile phone carrier Digicel Group denied an Australian newspaper report on Thursday and said there is "no basis whatsoever" that it would sell its Pacific unit to state-owned China Mobile Ltd .
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Chip specialist AT&S's full-year core profit down 22% on expansion cost

Technology News (Reuters) - Thu, 05/14/2020 - 06:40
Printed circuit boards maker AT&S said on Thursday that core profit and revenue in its current first quarter were on the previous year's level after posting a 22% decline for the financial year due to investments in its expansion.
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Advocacy group says TikTok violated FTC consent decree and children's privacy rules

Technology News (Reuters) - Thu, 05/14/2020 - 06:17
A group of privacy advocacy organizations is filing a complaint with the Federal Trade Commission on Thursday alleging that the popular app TikTok violated a consent decree and a law protecting children's privacy online.
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China's Tencent wins on lockdown gaming boom

Technology News (Reuters) - Thu, 05/14/2020 - 04:29
High demand for video games during COVID-19 lockdowns buoyed Tencent Holdings' first-quarter revenue and profits, with blockbuster games PlayerUnknown's Battlegrounds Mobile and Honor of Kings helping it beat forecasts.
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Trump extends U.S. telecom supply chain order aimed at Huawei, ZTE

Technology News (Reuters) - Thu, 05/14/2020 - 03:48
President Donald Trump on Wednesday extended for another year an executive order signed in May 2019 declaring a national emergency and barring U.S. companies from using telecommunications equipment made by firms posing a national security risk.
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Uber to require drivers, riders to wear masks around the world

Technology News (Reuters) - Thu, 05/14/2020 - 00:54
Uber Technologies, Inc. on Wednesday said it will require drivers, delivery workers and riders globally to wear a mask as countries around the world begin easing restrictions aimed at curbing the spread of the coronavirus.
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Uber approaches Grubhub with acquisition offer: sources

Technology News (Reuters) - Thu, 05/14/2020 - 00:20
Uber Technologies Inc is in negotiations to buy online food delivery company Grubhub Inc in an all-stock deal, according to people familiar with the matter.
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U.S. accuses China-linked hackers of stealing coronavirus research

Technology News (Reuters) - Wed, 05/13/2020 - 23:02
China-linked hackers are breaking into American organizations carrying out research into COVID-19, U.S. officials said on Wednesday, warning both scientists and public health officials to be on the lookout for cyber theft.
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Tesla, California county reach deal to reopen U.S. plant next week

Technology News (Reuters) - Wed, 05/13/2020 - 21:31
Tesla Inc and officials in California have resolved their acrimonious clash over safety procedures at the automaker’s sole U.S. assembly plant with a deal that allows production to resume as early as Monday, county officials said.
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Shares of sensor maker AMS dive after proposes capital hike

Technology News (Reuters) - Wed, 05/13/2020 - 20:33
Shares in AMS fell by 11% on Wednesday following news the sensor maker, best known as a supplier to Apple , was seeking approval for a capital raise.
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France to force web giants to delete some content within the hour

Technology News (Reuters) - Wed, 05/13/2020 - 17:57
Social networks and other online content providers will have to remove paedophile and terrorism-related content from their platforms within the hour or face a fine of up to 4% of their global revenue under a French law voted in on Wednesday.
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Trump extends order on U.S. telecom supply chain security until 2021

Technology News (Reuters) - Wed, 05/13/2020 - 17:17
U.S. President Donald Trump on Wednesday extended for another year an executive order signed in May 2019 declaring a national emergency and barring U.S. companies from using telecommunications equipment made by firms posing a national security risk.
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In Canada, Albertans wary of 'Big Brother' with use of COVID-19 digital-tracing app

Technology News (Reuters) - Wed, 05/13/2020 - 15:59
As the spread of the new coronavirus in Canada slows, the western province of Alberta has rolled out a digital-tracing tool to monitor outbreaks as quarantine restrictions ease. The hard part is convincing people to use it.
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Amazon launches three new models of Fire tablet

Technology News (Reuters) - Wed, 05/13/2020 - 15:39
Amazon.com Inc on Wednesday launched three new versions of its Fire tablets with more storage and faster performance.
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EU consumer group warns against 'game-changer' Google-Fitbit deal

Technology News (Reuters) - Wed, 05/13/2020 - 15:37
Alphabet Inc-owned Google's planned $2.1 billion buy of fitness trackers company Fitbit may harm consumers and hinder innovation, European consumer group BEUC said on Wednesday, calling it a game-changer deal in the health and digital markets.
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EU urges voluntary use of virus-tracing apps to speed recovery from pandemic

Technology News (Reuters) - Wed, 05/13/2020 - 14:31
The European Commission urged EU governments on Wednesday to use COVID-19 contact tracing apps on a voluntary basis as part of efforts to lift border restrictions and revive the European Union's tourism and travel industries.
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Alphabet's Loon and S.Africa's Vodacom to expand rural internet in Mozambique

Technology News (Reuters) - Wed, 05/13/2020 - 13:58
Loon, a unit of Google's owner Alphabet Inc , which uses high-altitude balloons to provide mobile internet to remote areas, has signed a deal with Vodacom to expand the South African mobile operator's network in Mozambique.
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China's Tencent reaps revenue of lockdown gaming boom

Technology News (Reuters) - Wed, 05/13/2020 - 13:26
High demand for video games during COVID-19 lockdowns buoyed Tencent Holdings' first-quarter revenue and profits, with blockbuster games PlayerUnknown's Battlegrounds Mobile and Honor of Kings helping it beats forecasts.
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