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Updated: 4 years 26 weeks ago

SoftBank proposes three new board members as Alibaba's Jack Ma resigns

Mon, 05/18/2020 - 03:24
SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
Categories: Technology

SK Hynix shares fall 3% after U.S. tightens rule to curb Huawei's chip supply

Mon, 05/18/2020 - 01:37
Shares of SK Hynix , the world's No.2 memory chip maker after Samsung Electronics , fell 3.2% on Monday after the United States on Friday moved to curb shipments of semiconductors to Huawei from global chipmakers.
Categories: Technology

Warsaw's open-air Chopin concerts move online due to coronavirus

Sun, 05/17/2020 - 18:43
Lovers of Frederic Chopin's music who usually flock to a central Warsaw park on Sundays for open-air concerts will have to go online this season to hear the weekly performances because of restrictions imposed to curb the spread of the coronavirus.
Categories: Technology

Senator Klobuchar says Uber, Grubhub combination would be anticompetitive

Sun, 05/17/2020 - 18:17
U.S. Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies Inc and online food delivery company Grubhub Inc , calling any deal bad for competition and consumers.
Categories: Technology

Reliance in $870 million General Atlantic deal as Jio Platforms funding tops $8 billion

Sun, 05/17/2020 - 16:24
India's Reliance Industries on Sunday announced U.S. fund General Atlantic will invest 65.98 billion rupees ($870 million) in Jio Platforms, a fourth deal that takes investment in its digital unit to over $8 billion in less than a month.
Categories: Technology

China says opposed to latest U.S. rules against Huawei

Sun, 05/17/2020 - 11:28
China's commerce ministry said on Sunday it is firmly opposed to the latest rules by the United States against Huawei and will take all necessary measures to safeguard Chinese firms' rights and interests.
Categories: Technology

China asks United States to stop 'unreasonable suppression' of Huawei

Sat, 05/16/2020 - 17:43
China's foreign ministry said on Saturday the United States needed to stop the "unreasonable suppression" of Chinese companies like Huawei, and a Chinese newspaper said the government was ready to retaliate against Washington.
Categories: Technology

California officials reject subsidies for Musk's SpaceX over Tesla spat

Sat, 05/16/2020 - 05:30
A California state panel on Friday rejected a request from Elon Musk's SpaceX for $655,500 in state job and training funds, citing the chief executive's recent threats to move Tesla, the electric carmaker that he also runs, out of the state.
Categories: Technology

Amazon says 'appropriate' executive to be available, as U.S. panel calls on Bezos to testify

Sat, 05/16/2020 - 05:24
Amazon.com Inc said on Friday it would make an "appropriate" executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to how the company uses third-party sellers' data.
Categories: Technology

U.S. state attorneys general likely to bring antitrust lawsuits against Google -source

Sat, 05/16/2020 - 01:52
A group of state attorneys general led by Texas are likely to file an antitrust lawsuit against Alphabet Inc's Google and are working on potential litigation for later this year, a person familiar with the situation said on Friday.
Categories: Technology

U.S. moves to cut Huawei off from global chip suppliers as China eyes retaliation

Sat, 05/16/2020 - 01:51
The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies, spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment.
Categories: Technology

U.S. gave no assurances to Taiwan's TSMC for license to sell to Huawei: official

Sat, 05/16/2020 - 01:51
Taiwan Semiconductor Manufacturing Co Ltd, which unveiled a $12 billion investment plan in Arizona on Friday, has not been given any assurances that it will be granted a license to allow it to sell U.S. technology to China's Huawei, a senior U.S. official said.
Categories: Technology

Facebook buys GIF website Giphy to integrate with Instagram

Sat, 05/16/2020 - 01:50
Facebook Inc is acquiring Giphy, a popular website for making and sharing animated images, or GIFs, and will integrate it with its rapidly growing Instagram photo-sharing app, Facebook said in a blog post on Friday.
Categories: Technology

32 U.S. senators urge FCC to reconsider Ligado spectrum order

Sat, 05/16/2020 - 01:48
A bipartisan group of 32 U.S. senators on Friday urged the Federal Communications Commission to reconsider a decision to allow Ligado Networks [MOSAV.UL] to deploy a low-power nationwide mobile broadband network, saying it could pose severe risks to global positioning systems crucial to military operations.
Categories: Technology

Exclusive: India watchdog reviewing antitrust allegations against Facebook's WhatsApp - sources

Sat, 05/16/2020 - 01:44
India's antitrust watchdog is looking into allegations that Facebook's WhatsApp is abusing its dominant position by offering payment services to its vast base of messaging app users in the country, three sources told Reuters on Friday.
Categories: Technology

Colombia regulator to probe delivery apps for Mother's Day delays

Sat, 05/16/2020 - 00:26
Colombia's commerce regulator said on Friday it will probe Mother's Day complaints that mobile applications Rappi, Uber Eats, iFood and Domicilios.com failed to deliver on time or at all and were slow in making refunds.
Categories: Technology

U.S. funds rush to tech companies and battered energy stocks in first-quarter

Fri, 05/15/2020 - 22:35
Prominent U.S. fund managers piled into big-name technology stocks and bottom-fished in the beaten-down energy sector as markets reeled from the coronavirus-fueled selloff in the first quarter, regulatory filings released on Friday showed.
Categories: Technology

Amazon planning to reopen its French warehouses from May 19

Fri, 05/15/2020 - 20:56
Amazon said on Friday it aims to gradually reopen its French warehouses from May 19 as it finalizes an agreement with unions and work councils to end a dispute over coronavirus protection steps that closed the sites for more than one month.
Categories: Technology

Indonesia to impose VAT on internet giants from July

Fri, 05/15/2020 - 17:08
Indonesia will require big internet companies to pay value-added tax on sales of digital products and services from July, a move that other countries may also adopt as they seek to boost revenues following the coronavirus pandemic.
Categories: Technology

Palestinians look to a digital future to connect with their past

Fri, 05/15/2020 - 16:26
(This May 14 story has been refiled with tweaked wording in paragraph 2 to make clear not all Palestinians marking Nakba were uprooted in 1948)
Categories: Technology

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