Technology

U.S. charges two Chinese nationals with helping North Korea steal millions in cryptocurrency

Technology News (Reuters) - Tue, 03/03/2020 - 09:37
The U.S. Justice Department charged two Chinese nationals with laundering more than $100 million in cryptocurrency on behalf of North Korea, in court filings that detail Pyongyang's use of hackers to circumvent sanctions.
Categories: Technology

Telenor sees modest growth, job cuts as 5G gathers speed

Technology News (Reuters) - Tue, 03/03/2020 - 09:33
Norway's Telenor will see revenue growth of up to 2% annually until 2022, as it cuts costs further, rolls out 5G telecoms networks and increases dividends every year, the company said on Tuesday.
Categories: Technology

Amazon adds warehouse network closer to cities to speed up same-day delivery

Technology News (Reuters) - Tue, 03/03/2020 - 09:15
Amazon.com Inc has quietly opened a series of small warehouses closer to big U.S. cities in a move to shave hours off delivery times, the company told Reuters.
Categories: Technology

Foxconn to resume normal production in virus-hit China by end of March

Technology News (Reuters) - Tue, 03/03/2020 - 08:41
Apple supplier Foxconn said it would resume normal production in China by the end of the month and that more than half its seasonal workforce in the country had restarted work following the coronavirus outbreak.
Categories: Technology

Is it a currency? A commodity? Bitcoin has an identity crisis

Technology News (Reuters) - Tue, 03/03/2020 - 08:07
So bitcoin's a currency, right? Well, yes, it can be used to buy, sell and price goods much like dollars and euros.
Categories: Technology

Logitech International expects profit hit from coronavirus

Technology News (Reuters) - Tue, 03/03/2020 - 07:45
Logitech International said on Tuesday supply problems caused by the coronavirus outbreak will dent its full year profit, as it gave its outlook for the next financial year.
Categories: Technology

"Sharia fintech": Startups race to tap Indonesia growth by aligning with Islam

Technology News (Reuters) - Tue, 03/03/2020 - 07:25
Like millions of other Indonesians, Gandi Iswara had for years carried a wad of currency notes for dropping into donation boxes after prayers at mosques in suburban Jakarta.
Categories: Technology

Xerox, HP blame each other as takeover battle heats up

Technology News (Reuters) - Tue, 03/03/2020 - 06:34
U.S. printer maker Xerox Holdings Corp took its $35 billion bid for HP Inc to the U.S. personal computer maker's shareholders on Monday, with a formal tender offer and a rebuttal to HP's account of why they could not negotiate a deal.
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Apple to pay up to $500 million to settle U.S. lawsuit over slow iPhones

Technology News (Reuters) - Tue, 03/03/2020 - 04:44
Apple Inc has agreed to pay up to $500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, to induce owners to buy replacement phones or batteries.
Categories: Technology

Tencent extends warranty for Nintendo Switches in China as virus hits sales

Technology News (Reuters) - Tue, 03/03/2020 - 04:27
Chinese tech giant Tencent said on Tuesday it would extend warranty for Nintendo Switches purchased in China via official channels before March 31 by six months as sales have been hit by the coronavirus outbreak.
Categories: Technology

Musk tweets support for Dorsey remaining as Twitter CEO

Technology News (Reuters) - Tue, 03/03/2020 - 04:02
Elon Musk said late on Monday he supported Jack Dorsey remaining as Twitter Inc's chief executive officer, two days after reports that activist investor Elliott Management Corp has pushed for his removal from the role.
Categories: Technology

Facebook pulls out of South by Southwest festival over coronavirus fears

Technology News (Reuters) - Tue, 03/03/2020 - 03:10
Facebook Inc is pulling out of this year's South by Southwest (SXSW) music and tech festival over growing concerns about the coronavirus outbreak, a spokesperson for the company said on Monday.
Categories: Technology

Google's self-driving sister, Waymo, gets first outside investors

Technology News (Reuters) - Tue, 03/03/2020 - 01:42
Waymo, the self-driving unit of Alphabet Inc , said on Monday it had raised $2.25 billion in its first external investment round and expects to add more outside investors.
Categories: Technology

Vodafone looks to space to bolster mobile signal on the ground

Technology News (Reuters) - Tue, 03/03/2020 - 01:07
Mobile operator Vodafone is backing a satellite venture that aims to broadcast a mobile broadband network from space, potentially boosting its 4G - and in the future 5G - coverage for users without the need for a specialized handset.
Categories: Technology

Qualcomm says China virus threatens phone industry disruption

Technology News (Reuters) - Mon, 03/02/2020 - 23:50
(This February 5 story corrects number of 5G license agreements in paragraph 16)
Categories: Technology

Robinhood trading app out of service on day of heavy volume

Technology News (Reuters) - Mon, 03/02/2020 - 23:34
Trading on Robinhood, a stock trading app popular with millennials, was down on Monday, preventing its customers from buying and selling shares in a session that saw the market stage a major rebound from last week's slump.
Categories: Technology

Google asks Dublin staff to work from home as coronavirus precaution

Technology News (Reuters) - Mon, 03/02/2020 - 23:27
Alphabet Inc's Google has asked around 8,000 staff at its European headquarters in Dublin to work from home on Tuesday as a precaution after a staff-member reported flu-like symptoms.
Categories: Technology

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

Technology News (Reuters) - Mon, 03/02/2020 - 21:29
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.
Categories: Technology

Apple stock rebounds almost 7% to head for strongest day since 2018

Technology News (Reuters) - Mon, 03/02/2020 - 19:23
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.
Categories: Technology

Nvidia shifts conference to online-only amid health, safety concerns

Technology News (Reuters) - Mon, 03/02/2020 - 19:18
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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