Technology News
Technology News coverage from Reuters.
Amazon.com's <AMZN.O> stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple <AAPL.O> as Wall Street's most valuable jewel.
EU antitrust regulators hit Google with a record 4.34 billion euro ($5 billion) fine on Wednesday and ordered it to stop using its Android mobile operating system to block rivals, a ruling which the U.S. tech company said it would appeal.
Amazon.com Inc <AMZN.O> said online shoppers purchased more than 100 million products worldwide during its Prime Day sale, despite glitches on its mobile app and websites that prevented customers from placing orders.
Alphabet Inc's Google said on Wednesday it has launched an artificial intelligence (AI) game on Tencent Holdings Ltd social media app WeChat, as the company continues to show tentative signs of re-entering China's consumer market.
Hyundai Motor Co said on Wednesday it will set up a showroom on Amazon.com that will help car buyers book test drives, check dealer inventories and compare pricing and reviews.
Germany has said 1,050 owners of the Tesla Model S must forgo a 2,000 euro electric car subsidy because the value of their vehicles surpasses an eligibility threshold.
Uber Technologies has hired an ex-adviser to former British prime minister David Cameron to lead the ride-hailing firm's lobbying efforts in northern Europe, less than a month after the company won a reprieve to operate in London.
Amazon.com Inc is in early talks to invest in Indian pharmacy chain MedPlus, Indian news website FactorDaily reported on Tuesday, citing sources.
Chinese e-commerce giant Alibaba Group Holding Ltd <BABA.N> on Wednesday said it has agreed to acquire a minority stake in China's Focus Media Information Technology Co Ltd <002027.SZ> to tap into the digital marketing sector.
Germany-based SAP's late push into fast-growing sales and marketing software has won Europe's most valuable technology company plaudits from industry analysts. Now it must show it can deliver.
The head of the U.S. Federal Trade Commission, which has investigated Alphabet's Google in the past for abuse of web dominance, said on Wednesday he would take a close look at Europe's recent decision to fine the company 4.34 billion euros ($5 billion).
The CEO of America Movil, Latin America's largest telecommunications company by subscriber numbers, said on Wednesday that AT&T Inc's acquisition of Time Warner will do little to change the telecoms landscape in the region.
The French government said on Wednesday that it welcomed the record 4.34 billion euros ($5 billion) fine imposed on Google by European Union regulators, with a government spokesman describing it as an "excellent decision".
BRUSSELS - Alphabet unit Google was hit with a record-breaking 4.34 billion euro ($5.04 billion) fine on Wednesday, topping the 2.4 billion euros it was ordered to pay in another case last year.
Google said it will appeal against a record 4.34-billion-euro ($5.04 billion) fine levied by EU antitrust regulators on Wednesday over illegal restrictions on Android smartphone makers and mobile network operators.
EU Competition Commissioner Margrethe Vestager said she "very much liked" the United States, countering a reported remark by President Donald Trump that she "hated" the country because of her antitrust actions against U.S. firms.
Southeast Asia's Grab is jointly investing S$6 million ($4.4 million) with the National University of Singapore to launch an artificial intelligence (AI) laboratory to help improve the efficiency and utilization of vehicles on its platform.
Bigtree Entertainment Pvt Ltd, owner of online movie and events ticketing portal BookMyShow, on Wednesday said it has raised $100 million in its latest round of funding from a group of investors.
A U.S. appeals court gave investors in Toshiba Corp's U.S.-listed securities another chance to show they suffered losses because the Japanese industrial conglomerate misled them about its internal controls before a 2015 accounting scandal.
EU antitrust chief Margrethe Vestager will brief Google CEO Sundar Pichai by telephone later on Tuesday on her ruling on the company's Android mobile operating system, a person familiar with the matter said.
Amazon.com's <AMZN.O> stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple <AAPL.O> as Wall Street's most valuable jewel.
EU antitrust regulators hit Google with a record 4.34 billion euro ($5 billion) fine on Wednesday and ordered it to stop using its Android mobile operating system to block rivals, a ruling which the U.S. tech company said it would appeal.
Amazon.com Inc <AMZN.O> said online shoppers purchased more than 100 million products worldwide during its Prime Day sale, despite glitches on its mobile app and websites that prevented customers from placing orders.
Alphabet Inc's Google said on Wednesday it has launched an artificial intelligence (AI) game on Tencent Holdings Ltd social media app WeChat, as the company continues to show tentative signs of re-entering China's consumer market.
Hyundai Motor Co said on Wednesday it will set up a showroom on Amazon.com that will help car buyers book test drives, check dealer inventories and compare pricing and reviews.
Germany has said 1,050 owners of the Tesla Model S must forgo a 2,000 euro electric car subsidy because the value of their vehicles surpasses an eligibility threshold.
Uber Technologies has hired an ex-adviser to former British prime minister David Cameron to lead the ride-hailing firm's lobbying efforts in northern Europe, less than a month after the company won a reprieve to operate in London.
Amazon.com Inc is in early talks to invest in Indian pharmacy chain MedPlus, Indian news website FactorDaily reported on Tuesday, citing sources.
Chinese e-commerce giant Alibaba Group Holding Ltd <BABA.N> on Wednesday said it has agreed to acquire a minority stake in China's Focus Media Information Technology Co Ltd <002027.SZ> to tap into the digital marketing sector.
Germany-based SAP's late push into fast-growing sales and marketing software has won Europe's most valuable technology company plaudits from industry analysts. Now it must show it can deliver.
The head of the U.S. Federal Trade Commission, which has investigated Alphabet's Google in the past for abuse of web dominance, said on Wednesday he would take a close look at Europe's recent decision to fine the company 4.34 billion euros ($5 billion).
The CEO of America Movil, Latin America's largest telecommunications company by subscriber numbers, said on Wednesday that AT&T Inc's acquisition of Time Warner will do little to change the telecoms landscape in the region.
The French government said on Wednesday that it welcomed the record 4.34 billion euros ($5 billion) fine imposed on Google by European Union regulators, with a government spokesman describing it as an "excellent decision".
BRUSSELS - Alphabet unit Google was hit with a record-breaking 4.34 billion euro ($5.04 billion) fine on Wednesday, topping the 2.4 billion euros it was ordered to pay in another case last year.
Google said it will appeal against a record 4.34-billion-euro ($5.04 billion) fine levied by EU antitrust regulators on Wednesday over illegal restrictions on Android smartphone makers and mobile network operators.
EU Competition Commissioner Margrethe Vestager said she "very much liked" the United States, countering a reported remark by President Donald Trump that she "hated" the country because of her antitrust actions against U.S. firms.
Southeast Asia's Grab is jointly investing S$6 million ($4.4 million) with the National University of Singapore to launch an artificial intelligence (AI) laboratory to help improve the efficiency and utilization of vehicles on its platform.
Bigtree Entertainment Pvt Ltd, owner of online movie and events ticketing portal BookMyShow, on Wednesday said it has raised $100 million in its latest round of funding from a group of investors.
A U.S. appeals court gave investors in Toshiba Corp's U.S.-listed securities another chance to show they suffered losses because the Japanese industrial conglomerate misled them about its internal controls before a 2015 accounting scandal.
EU antitrust chief Margrethe Vestager will brief Google CEO Sundar Pichai by telephone later on Tuesday on her ruling on the company's Android mobile operating system, a person familiar with the matter said.
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