Recent Innovation News
TOKYO Western Digital Corp said on Tuesday it will seek an injunction to block the sale of Toshiba Corp's prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner.
HONG KONG/BEIJING Chinese e-commerce firm Alibaba Group has taken control of logistics unit Cainiao and pledged to spend 100 billion yuan ($15 billion) over five years to build out a global logistics network, underscoring aggressive expansion plans overseas.
FRANKFURT/LONDON Lyft, Uber’s closest U.S. rival in the taxi-hailing business, met repeatedly with officials from London's transport regulator over the past year, a sign it may be targeting the city for international expansion.
LONDON Uber's [UBER.UL] new boss Dara Khosrowshahi apologized to Londoners for the taxi app's mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets. | Video
DUBAI Dubai staged a test flight on Monday for what it said would soon be the world's first drone taxi service under an ambitious plan by the United Arab Emirates city to lead the Arab world in innovation.
LONDON A British government minister has criticized the London authorities for deciding to strip Uber of its taxi licence, a major setback to the U.S. technology firm that has become a big player in the city's transport system.
PARIS French President Emmanuel Macron said on Friday a decision by Finnish telecom equipment maker Nokia to cut about 600 jobs in France did not comply with commitments the firm made when it bought rival Alcatel-Lucent in 2016.
WASHINGTON Wall Street's top regulator came under fire on Thursday over its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading. | Video
SAN FRANCISCO An international group of cryptography experts has forced the U.S. National Security Agency to back down over two data encryption techniques it wanted set as global industry standards, reflecting deep mistrust among close U.S. allies. | Video
TAIPEI/SAN FRANCISCO Alphabet Inc's Google said it would pay $1.1 billion for the division at Taiwan's HTC Corp that develops the U.S. firm's Pixel smartphones - its second major foray into phone hardware after an earlier costly failure. | Video
State of Innovation
The 25 government-funded agencies that top Reuters' second annual ranking are conducting research that private companies can't afford and making scientific discoveries that are launching new industries. Full Article
The educational institutions that top Reuters' second annual ranking prove that in the fast-changing world of science and technology, you can't rest on your laurels. Full article