Technology News
Technology News coverage from Reuters.
China's ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington's ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources.
U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp <000063.SZ> <0763.HK> and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company.
Foxconn Industrial Internet <601138.SS>, a subsidiary of the world's largest contract manufacturer Foxconn <2317.TW>, said it plans to raise 27.1 billion yuan ($4.26 billion) in what will be the biggest Chinese initial public offering in about three years.
Facebook CEO Mark Zuckerberg sailed through a grilling from EU lawmakers about the social network's data policies as lengthy questions left the 34-year-old American little time to answer.
Yelp Inc said on Tuesday it has renewed a European antitrust complaint against Alphabet Inc's Google, seeking to gain traction on a longstanding accusation that the search giant unfairly promotes its own services in results.
Sony Corp <6758.T> said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's largest music publisher in an industry that has found new life on the back of streaming services.
Facebook and other tech giants may attract more regulatory scrutiny in future because of their market power, a senior EU antitrust official said on Tuesday.
Acer Inc will unveil its first line of high-end laptops running Google's Chrome OS on Wednesday, an executive told Reuters, as the computer maker looks to help Google in its effort to win over business users after taking the U.S. education market by storm.
Consumer Reports said Tuesday it will retest brakes on Tesla Inc's new Model 3 sedans after Chief Executive Elon Musk promised a software update, but the potential hit to sales from the magazine's negative review weighed on Tesla shares.
U.S. civil liberties groups on Tuesday called on Amazon.com Inc to stop offering facial recognition services to governments, warning that the software could be used to target immigrants and people of color unfairly.
Chilean President Sebastian Pinera will meet with a senior Amazon Web Services (AWS) executive on Wednesday, three government sources told Reuters on Tuesday, the latest sign Amazon.com Inc is looking to expand its cloud computing footprint in Latin America.
Electric carmaker Tesla Inc said on Tuesday it had hired Snapchat maker Snap Inc's vice president of monetization engineering, Stuart Bowers, as VP of engineering, to work on its Autopilot software and other projects.
Two U.S. lawmakers, including the Republican chairman of a powerful House of Representatives committee, asked President Donald Trump on Tuesday not to lift penalties on Chinese telecommunications company ZTE Corp <000063.SZ>.
Facebook Chief Executive Mark Zuckerberg apologized to EU lawmakers on Tuesday, saying the company had not done enough to prevent misuse of the social network and that regulation is "important and inevitable".
Facebook Chief Executive Mark Zuckerberg apologized to the European Parliament on Tuesday for a massive data leak, his latest attempt to draw a line under a scandal that has rocked the world's biggest social media network.
Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, and Beijing announced tariff cuts on car imports, further easing trade tensions between the world's two largest economies.
U.S. Treasury Secretary Steven Mnuchin said on Tuesday that any changes to stiff Commerce Department penalties on Chinese telecommunications equipment maker ZTE Corp will ensure that U.S. national security is maintained and sanctions are enforced.
Facebook Inc named a new director this month and timed his appointment to avoid a shareholder vote, raising concern among some investors who want to see more accountability from the social media company.
President Donald Trump on Tuesday said there is no deal with China on ZTE Corp, as lawmakers from both parties worked to block him from easing penalties on the Chinese telecommunications company.
Shares of Micron Technology Inc <MU.O> gained 7 percent on Tuesday and were the most traded stock on Wall Street, a day after the chipmaker said it would buy back up to $10 billion of its shares.
China's ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington's ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources.
U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp <000063.SZ> <0763.HK> and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company.
Foxconn Industrial Internet <601138.SS>, a subsidiary of the world's largest contract manufacturer Foxconn <2317.TW>, said it plans to raise 27.1 billion yuan ($4.26 billion) in what will be the biggest Chinese initial public offering in about three years.
Facebook CEO Mark Zuckerberg sailed through a grilling from EU lawmakers about the social network's data policies as lengthy questions left the 34-year-old American little time to answer.
Yelp Inc said on Tuesday it has renewed a European antitrust complaint against Alphabet Inc's Google, seeking to gain traction on a longstanding accusation that the search giant unfairly promotes its own services in results.
Sony Corp <6758.T> said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's largest music publisher in an industry that has found new life on the back of streaming services.
Facebook and other tech giants may attract more regulatory scrutiny in future because of their market power, a senior EU antitrust official said on Tuesday.
Acer Inc will unveil its first line of high-end laptops running Google's Chrome OS on Wednesday, an executive told Reuters, as the computer maker looks to help Google in its effort to win over business users after taking the U.S. education market by storm.
Consumer Reports said Tuesday it will retest brakes on Tesla Inc's new Model 3 sedans after Chief Executive Elon Musk promised a software update, but the potential hit to sales from the magazine's negative review weighed on Tesla shares.
U.S. civil liberties groups on Tuesday called on Amazon.com Inc to stop offering facial recognition services to governments, warning that the software could be used to target immigrants and people of color unfairly.
Chilean President Sebastian Pinera will meet with a senior Amazon Web Services (AWS) executive on Wednesday, three government sources told Reuters on Tuesday, the latest sign Amazon.com Inc is looking to expand its cloud computing footprint in Latin America.
Electric carmaker Tesla Inc said on Tuesday it had hired Snapchat maker Snap Inc's vice president of monetization engineering, Stuart Bowers, as VP of engineering, to work on its Autopilot software and other projects.
Two U.S. lawmakers, including the Republican chairman of a powerful House of Representatives committee, asked President Donald Trump on Tuesday not to lift penalties on Chinese telecommunications company ZTE Corp <000063.SZ>.
Facebook Chief Executive Mark Zuckerberg apologized to EU lawmakers on Tuesday, saying the company had not done enough to prevent misuse of the social network and that regulation is "important and inevitable".
Facebook Chief Executive Mark Zuckerberg apologized to the European Parliament on Tuesday for a massive data leak, his latest attempt to draw a line under a scandal that has rocked the world's biggest social media network.
Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, and Beijing announced tariff cuts on car imports, further easing trade tensions between the world's two largest economies.
U.S. Treasury Secretary Steven Mnuchin said on Tuesday that any changes to stiff Commerce Department penalties on Chinese telecommunications equipment maker ZTE Corp will ensure that U.S. national security is maintained and sanctions are enforced.
Facebook Inc named a new director this month and timed his appointment to avoid a shareholder vote, raising concern among some investors who want to see more accountability from the social media company.
President Donald Trump on Tuesday said there is no deal with China on ZTE Corp, as lawmakers from both parties worked to block him from easing penalties on the Chinese telecommunications company.
Shares of Micron Technology Inc <MU.O> gained 7 percent on Tuesday and were the most traded stock on Wall Street, a day after the chipmaker said it would buy back up to $10 billion of its shares.
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