Technology

Russian court rules in favor of facial recognition over privacy claims

Technology News (Reuters) - Tue, 03/03/2020 - 17:19
A Moscow court ruled on Tuesday that the city's facial recognition system does not violate the privacy of its citizens, a lawyer for one of the plaintiffs told Reuters - a blow to activists who had hoped to ban the technology's use.
Categories: Technology

Virus to dent Foxconn's consumer electronics revenue in first-quarter

Technology News (Reuters) - Tue, 03/03/2020 - 16:50
Apple supplier Foxconn warned revenue would drop 15% in businesses including consumer electronics and enterprise products in the first quarter, but that it would recover thereafter as production returns to normal in virus-hit China.
Categories: Technology

SoftBank CEO tells U.S. investors he'll be more careful

Technology News (Reuters) - Tue, 03/03/2020 - 15:48
((This March 2 story removes incorrect reference to Sprint as a Vision Fund investment))
Categories: Technology

Ampere targets cloud companies with new chip, signs Oracle as customer

Technology News (Reuters) - Tue, 03/03/2020 - 15:06
Data center chip startup Ampere on Tuesday released a new processor that it claims can outpace offerings from Intel Corp and Advanced Micro Devices Inc, and said it has signed Oracle Corp's cloud division as a customer.
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U.S. national security agencies gather to combat potential election interference

Technology News (Reuters) - Tue, 03/03/2020 - 12:53
National security professionals from across the U.S. government will meet on Tuesday in a Northern Virginia office building for an unprecedented monitoring effort to counter cyberattacks and foreign disinformation aimed at Super Tuesday presidential primaries.
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High-fives, hugs, kisses discouraged as U.S. companies respond to growing coronavirus threat

Technology News (Reuters) - Tue, 03/03/2020 - 12:07
As news broke of more cases of coronavirus spreading across the United States, T-Mobile had a novel response to the threat: fewer hugs, kisses or high-fives.
Categories: 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.
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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.
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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.
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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.
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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.
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"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.
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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.
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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.
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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.
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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.
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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.
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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.
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