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Updated: 4 years 26 weeks ago

China regulator detects sale of banking, insurance customer data by criminals

Wed, 04/22/2020 - 04:06
China's banking and insurance regulator said on Wednesday it had detected sales of banking and insurance sector customer data overseas by criminals, without specifying how many individuals had been affected.
Categories: Technology

Facebook invests $5.7 billion in India's Reliance Jio

Wed, 04/22/2020 - 02:40
Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited.
Categories: Technology

Exclusive: ValueAct eyes Nintendo with stake of over $1.1 billion - letter

Wed, 04/22/2020 - 01:43
Activist investor ValueAct Capital Partners LP has built a stake of over $1.1 billion in Nintendo , according to a letter seen by Reuters, a bet that digital software distribution and the development of new entertainment products will fuel growth at the Japanese gaming company.
Categories: Technology

Ripple sues YouTube over cryptocurrency scams

Wed, 04/22/2020 - 01:27
Blockchain firm Ripple sued Alphabet Inc's YouTube on Tuesday, alleging the video-sharing platform failed to protect consumers from cryptocurrency "giveaway" scams that use fake social media profiles to dupe victims into sending money.
Categories: Technology

Texas Instruments prepares for coronavirus crisis after strong first quarter

Wed, 04/22/2020 - 00:06
Texas Instruments Inc on Tuesday reported better-than-expected results for the first quarter but forecast current-quarter revenue and profit largely below Wall Street estimates, as the chip industry braces for a big hit from the coronavirus outbreak.
Categories: Technology

Snap shares rise 20% as coronavirus spurs use, revenue growth beats Street

Wed, 04/22/2020 - 00:04
Snap Inc on Tuesday beat Wall Street estimates for quarterly revenue and user growth for its Snapchat app, as more people seek entertainment while they stay at home during the global coronavirus pandemic.
Categories: Technology

Amazon staff take off work to raise safety concerns in pandemic: activists

Tue, 04/21/2020 - 21:51
A U.S. labor and activist coalition said employees of Amazon.com Inc would take off work starting on Tuesday to draw attention to what it says are unsafe conditions at warehouses during the coronavirus pandemic.
Categories: Technology

Trump draft order requires more from tech workers on H-1B visas: Bloomberg

Tue, 04/21/2020 - 21:29
President Donald Trump would require technology workers in the United States on H-1B visas to provide updated certifications that they are not displacing American workers, according to a draft executive order, Bloomberg News reported on Tuesday.
Categories: Technology

U.S. videogame sales surge in March as lockdown keeps people indoor

Tue, 04/21/2020 - 21:14
Videogame sales in March hit their highest in over a decade, as Americans turned to games like "Animal Crossing: New Horizons" and "Call of Duty: Modern Warfare" because of lockdowns to stem the spread of the coronavrius.
Categories: Technology

UK parliament: holding feet to the fire via Zoom?

Tue, 04/21/2020 - 21:02
Britain's House of Commons, where lawmakers notoriously jeer at rivals seated two sword-lengths away, is about to find out whether it can make ministers sweat over Zoom.
Categories: Technology

Exclusive: Trump pressed to halt federal pension investments in China's ZTE, Hikvision

Tue, 04/21/2020 - 20:18
Lawmakers and former officials are making a last-ditch push to persuade the Trump administration to halt plans to invest billions of federal employee retirement dollars in Chinese companies that Washington suspects of human rights abuses or threatening U.S. security, according to sources and documents seen by Reuters.
Categories: Technology

In Versailles, king of online retail Amazon fights unions backlash

Tue, 04/21/2020 - 18:48
Amazon made its case on Tuesday in a French court of appeal to keep deliveries on track in the country, rejecting unions' allegations that it was not doing its best to protect employees from COVID-19.
Categories: Technology

Speculative bet or inflation hedge? Bitcoin in the coronavirus crisis

Tue, 04/21/2020 - 16:32
Bitcoin has fared better than stocks but worse than gold and U.S. Treasuries during the coronavirus pandemic, with investors ascribing its performance to speculative bets and bids to hedge against inflation linked to stimulus measures.
Categories: Technology

Bluetooth phone apps for tracking COVID-19 show modest early results

Tue, 04/21/2020 - 16:18
When Singapore launched the first smartphone app of its kind last month to identify and alert people who had interacted with carriers of the novel coronavirus, the city-state of roughly 5.7 million people had 385 cases of infections.
Categories: Technology

UK made a firm decision on Huawei in 5G: foreign ministry's top official

Tue, 04/21/2020 - 15:57
Britain's government made a firm decision to allow China's Huawei to have a role in building the country's 5G phone network and as far as the foreign ministry's top official understands it is not being reopened, he said on Tuesday.
Categories: Technology

Explainer: Zoom bombs make choosing video apps harder for lockdown chats

Tue, 04/21/2020 - 14:54
The coronavirus crisis has seen millions locked in their homes turn to videoconferencing apps, bringing with it question marks over security and privacy and a new verb - Zoombombing - the practice of uninvited users crashing into conversations.
Categories: Technology

India's Infosys suspends FY revenue forecast on coronavirus blow (April 20)

Tue, 04/21/2020 - 12:22
(This April 20 story corrects company name to TCS in fourth paragraph)
Categories: Technology

Tech titans dominate U.S. stock market after surge

Tue, 04/21/2020 - 12:12
Investors are once again crowding into a narrow range of technology and internet stocks, heightening concerns that the market's dramatic bounce from last month's lows is becoming increasingly vulnerable to sharp reversals as the coronavirus outbreak continues to batter the economy.
Categories: Technology

Huawei first-quarter revenue growth slows sharply amid U.S. ban, virus headwinds

Tue, 04/21/2020 - 09:08
Huawei Technologies' revenue growth slowed sharply in the first quarter but the world's top telecoms equipment supplier labeled the performance as "resilient" in light of pressure from the United States and the impact of the COVID-19 pandemic.
Categories: Technology

Apple expands services business to markets in Africa and beyond

Tue, 04/21/2020 - 08:19
Apple Inc on Tuesday said it would expand its App Store, Apple Music and other services to dozens of new markets in Africa, the Middle East and beyond in the biggest geographical expansion of its services in almost a decade.
Categories: Technology

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