Technology News

Technology News coverage from Reuters.

Business News16 minutes ago

A 3D-printed Facebook logo is seen in front of displayed stock graph in this illustration photo March 20, 2018. Picture taken March 20. REUTERS/Dado Ruvic

Facebook Inc came under further pressure from lawmakers, investors, advertisers and users on Thursday, the day after Chief Executive Mark Zuckerberg admitted the social media network made mistakes in letting 50 million users' data get into the hands of political consultancy Cambridge Analytica.

Business News2 hours ago

Time Warner CEO Jeff Bewkes arrives ahead of arguments in the trial to determine if AT&T's merger with Time Warner is legal under antitrust law at U.S. District Court in Washington, U.S., March 22, 2018. REUTERS/Aaron P. Bernstein

President Donald Trump's administration urged a federal judge on Thursday to block AT&T Inc's proposed $85 billion merger with Time Warner Inc, saying the deal would hand the company a "weapon" to harm competition and raise consumer prices.

Fintech3 hours ago

A bitcoin logo is seen at a facility of the Youth and Sports Ministry in Caracas, Venezuela February 23, 2018. REUTERS/Marco Bello

Britain announced a task force on Thursday to exploit the technology underpinning cryptoassets, such as bitcoin and other cryptocurrencies, as part of new plans to help fintech companies find more customers.

Technology News2 hours ago

FILE PHOTO: An Airbus E-Fan.1, an electrical aircraft, participates in a flying display at the Paris Air Show at Le Bourget airport, June 16, 2015. REUTERS/Pascal Rossignol/File Photo

Norway said on Thursday it wants to buy electric passenger planes in the coming years to help slow climate change, building on its success with big tax breaks that have made it the world leader in electric car sales.

Technology News5 hours ago

A man checks Google devices outside its booth at the Mobile World Congress in Barcelona, Spain, February 27, 2018. REUTERS/Sergio Perez

CSRA Inc, the target of rival bids from General Dynamics and CACI International Inc, said on Thursday it had partnered with Alphabet Inc's Google Cloud.

Business News5 hours ago

A still frame taken from video released March 21, 2018 shows the exterior view of the self-driving Uber vehicle leading up to the fatal collision in Tempe, Arizona, U.S. on March 18, 2018. Tempe Police Department/Handout via REUTERS

The fatal accident involving an Uber self-driving car cranks up pressure on the self-driving vehicle industry to prove its software and sensors are safe in the absence of strong government standards, experts in the field said.

Technology News8 hours ago

A Tencent sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 4, 2017. REUTERS/Aly Song

Naspers <NPNJn.J> is cutting its stake in lucrative Chinese investment Tencent <0700.HK> by as much as 2 percent in a deal that could net the South African media and e-commerce group up to $11 billion.

Technology News10 hours ago

FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken in Warsaw, Poland, September 27, 2013.   REUTERS/Kacper Pempel/File Photo

Global tech giants including Facebook and Twitter on Thursday expressed concern about a possible Singapore plan to bring in a new law to tackle the threat of fake news, saying sufficient rules are already in place.

Business News8 hours ago

FILE PHOTO: The plug-in charger for a BMW i3 electric car is pictured during the Auto China 2016 in Beijing, China, April 25, 2016. REUTERS/Jason Lee/File Photo

BMW <BMWG.DE> will not mass produce electric cars until 2020 because its current technology is not profitable enough to scale up for volume production, the chief executive said on Thursday.

Technology News3 hours ago

Mexico's landmark wholesale national mobile network launched this week, but without a single major wireless carrier on board, renewing debate about how best to boost competition in the telecom sector dominated by billionaire Carlos Slim.

Business Newsan hour ago

Figurines are seen in front of the Facebook logo in this illustration taken March 20, 2018. REUTERS/Dado Ruvic

A U.S. Senate subcommittee on Thursday sought information from a Cambridge University researcher about how the personal data of 50 million Facebook users landed in the hands of a political consulting firm that worked for U.S. President Donald Trump's campaign.

Business News2 hours ago

The new iPhone X is pictured at the Apple Store Marche Saint-Germain in Paris, France, November 3, 2017. REUTERS/Benoit Tessier

(This version of the March 21 story has been refiled to add dropped words "technology and" in paragraph 10)

Fintech4 hours ago

Workers emerge from Bank underground station with the Bank of England (L) and Royal Exchange building (R) seen in the City of London financial district, London, Britain, January 25, 2018. Picture taken January 25, 2018.   REUTERS/Toby Melville

The Bank of England will set up its own fintech hub to find ways to use the kind of technology that has spawned digital currencies such as bitcoin and which could eventually help boost Britain's economy, a top BoE official said on Thursday.

Business News4 hours ago

A self-driving car drives during a demonstration at the Renesas Electronics autonomous vehicle test track in Stratford, Ontario, Canada, March 7, 2018.   REUTERS/Mark Blinch

A Canadian town known for its annual theater festival is emerging as a hub of "snowtonomous" research, as automakers face demands to produce self-driving cars that can perform in snow and sleet.

Business News4 hours ago

The Ford logo is pictured on the company's stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 2018. REUTERS/Denis Balibouse

U.S. carmaker Ford Motor Co <F.N> and India's Mahindra & Mahindra <MAHM.NS> said on Thursday they have signed an agreement to develop midsize and compact sports utility vehicles (SUV) and an electric vehicle, which Ford could also potentially sell in other markets outside India.

Cyber Risk4 hours ago

The nameplate of political consultancy, Cambridge Analytica, is seen in central London, Britain March 21, 2018.   REUTERS/Henry Nicholls

Efforts by Britain's information watchdog to investigate Cambridge Analytica - the company at the center of a storm over its use of Facebook data - were delayed on Thursday when a judge adjourned for 24 hours its application to search the company's head office.

Business News4 hours ago

The headquarters of the Commerzbank are pictured before the bank's annual news conference in Frankfurt, Germany, February 8, 2018. REUTERS/Ralph Orlowski

Germany's second-largest bank, Commerzbank, has suspended advertising on Facebook until further notice, after a massive leak of user data, its head of brand strategy told the Handelsblatt business daily.

Business News4 hours ago

FILE PHOTO:  Facebook Founder and CEO Mark Zuckerberg speaks on stage during the annual Facebook F8 developers conference in San Jose, California, U.S., April 18, 2017. REUTERS/Stephen Lam/File Photo

The Republican chairman and top Democrat of the U.S. House Energy and Commerce Committee said on Thursday they will in the coming days formally ask Facebook Chief Executive Mark Zuckerberg to testify, saying the company has left many questions unanswered about its data privacy practices.

Cyber Risk4 hours ago

FILE PHOTO - Alexander Nix, CEO of Cambridge Analytica arrives at the offices of Cambridge Analytica in central London, Britain, March 20, 2018. REUTERS/Henry Nicholls

A British parliamentary committee has recalled the suspended chief executive of Cambridge Analytica to face further questions over his role in the harvesting of Facebook data after finding "inconsistencies" in his previous testimony.

Cyber Risk4 hours ago

A man poses with a magnifier in front of a Facebook logo on display in this illustration taken in Sarajevo, Bosnia and Herzegovina, December 16, 2015. REUTERS/Dado Ruvic/File Photo

Israel is investigating Facebook Inc. over possible infringement of its citizens' privacy following reports that British consultancy Cambridge Analytica improperly accessed users' information, the Justice Ministry said on Thursday.

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