Technology News (Reuters)

Ericsson expects to take a second-quarter writedown of about 1 billion crowns ($109 million) on product inventory in China, the Swedish telecoms gear maker said on Monday.

Finland launched its second auction of frequencies for high-speed 5G mobile networks on Monday, the Finnish Transport and Communications Agency said.

The de facto leader of Samsung Group, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom.

Didi Chuxing, China's biggest ride-hailing company which counts SoftBank as a backer, saw its ride sharing orders in China this month recover to levels seen over the same period a year earlier, its founder and Chief Executive Cheng Wei said.

Samsung Group heir Jay Y. Lee on Monday arrived at a South Korean court which will rule whether he will be sent back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate.

Samsung Group heir Jay Y. Lee appeared in court on Monday for a hearing to determine whether he should be jailed over allegations of accounting fraud, in his latest brush with the law at South Korea's top conglomerate.

A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate.

British Prime Minister Boris Johnson is considering giving drivers up to 6,000 pounds ($7,609.20) to swap their diesel and petrol cars for electric vehicles, under plans to relaunch the economy, The Telegraph reported on Sunday.

Indian oil-to-telecoms conglomerate Reliance Industries said on Sunday that the Abu Dhabi Investment Authority (ADIA) will buy 1.16% of its digital unit Jio Platforms for 56.83 billion rupees ($752 million).

HSBC Holdings Plc Chairman Mark Tucker has warned Britain against a ban on networking equipment made by Huawei Technologies Co Ltd, claiming the bank could face reprisals in China, the Telegraph reported on Saturday.

Facebook CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald Trump during recent demonstrations protesting the death of an unarmed black man while in police custody, a partial concession to critics.

Twitter Inc, Facebook Inc and Instagram disabled President Donald Trump's campaign tribute video to George Floyd on their platforms on Friday, citing copyright complaints.

The heavyweight technology and growth stocks that drove Wall Street higher in recent years are again fueling a surge that has taken the Nasdaq from a brutal selloff to an intraday record high in just 11 weeks, as investors look beyond the economic upheaval caused by the coronavirus.

Facebook Inc is looking at improving the social network's content policies, while building products to advance racial justice, Chief Executive Officer Mark Zuckerberg said on Friday in response to the ongoing protests in the United States.

France wants to launch its planned auction of 5G frequencies in September so that the fifth generation mobile network can be deployed by year-end, junior economy minister Agnes Pannier-Runacher said in remarks published on Friday.

Reddit co-founder Alexis Ohanian on Friday resigned from the social network firm's board and sought to be replaced by a black candidate.

Facebook Inc will start labeling Russian, Chinese and other state-controlled media organizations, and later this summer will block any ads from such outlets that target U.S. users, it said on Thursday.

Facebook Inc is making it harder to find user groups associated with the term "Boogaloo," which refers to a potential U.S. civil war or the collapse of civilization, the company said on Thursday.

Companies working on self-driving vehicles have criticized an insurance industry study suggesting that only a third of all U.S. road crashes could be prevented by driverless cars, arguing that the study has underestimated the technology's capabilities.

Canada has postponed its 3500MHz spectrum auction process by six months to allow telecoms companies to focus on providing essential services during COVID-19 pandemic, the innovation ministry said in a statement on Friday.