Technology News

Technology News coverage from Reuters.

Business Newsan hour ago

FILE PHOTO:  A ZTE smart phone is pictured in this illustration taken April 17, 2018.  REUTERS/Carlo Allegri/Illustration/File Photo

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.

Business News3 hours ago

FILE PHOTO - Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Yves Herman/File Picture

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.

Technology Newsan hour ago

FILE PHOTO: Visitors are seen at a Foxconn booth at the World Intelligence Congress in Tianjin, China May 19, 2018. REUTERS/Stringe

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.

Business News7 hours ago

Facebook's CEO Mark Zuckerberg answers questions about the improper use of millions of users' data by a political consultancy, at the European Parliament in Brussels, Belgium, in this still image taken from Reuters TV May 22, 2018. REUTERS/ReutersTV

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.

Technology News7 hours ago

The company logo for Yelp! is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid

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.

Business News13 hours ago

Sony Corp's new President and Chief Executive Officer Kenichiro Yoshida attends a news conference on their business plan at the company's headquarters in Tokyo, Japan May 22, 2018.  REUTERS/Toru Hanai

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.

Business News14 hours ago

FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018.  REUTERS/Dado Ruvic/Illustration/File Photo

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.

Technology News7 hours ago

FILE PHOTO: A shop attendant sits in an Acer booth in a computer mall in Taipei, March 19, 2013.  REUTERS/Pichi Chuang/File Photo

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.

Business News5 hours ago

FILE PHOTO: A man cleans a Tesla Model 3 car during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo

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.

Business News8 hours ago

FILE PICTURE - The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo

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.

Technology News6 hours ago

FILE PHOTO - Chile's President Sebastian Pinera reviews the honor guard before meeting with his Brazilian counterpart Michel Temer at the Planalto Palace in Brasilia, Brazil April 27, 2018. REUTERS/Adriano Machado

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.

Technology News7 hours ago

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.

Business News9 hours ago

FILE PHOTO: U.S. Representative Michael McCaul (R-TX) arrives at Trump Tower to meet with U.S. President Donald Trump in New York, U.S., November 29, 2016.   REUTERS/Mike Segar

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>.

Business News10 hours ago

Facebook's CEO Mark Zuckerberg answers questions about the improper use of millions of users' data by a political consultancy, at the European Parliament in Brussels, Belgium, in this still image taken from Reuters TV May 22, 2018. REUTERS/ReutersTV

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".

Business News10 hours ago

FILE PHOTO: Facebook's CEO Mark Zuckerberg arrives at the European Parliament to answer questions about the improper use of millions of users' data by a political consultancy, in Brussels, Belgium May 22, 2018. REUTERS/Yves Herman

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.

Business News10 hours ago

FILE PHOTO - Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Yves Herman/File Picture

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.

Business News11 hours ago

FILE PHOTO: Steven Mnuchin, Secretary, U.S. Department of the Treasury, speaks at the Milken Institute's 21st Global Conference in Beverly Hills, California, U.S. April 30, 2018. REUTERS/Lucy Nicholson

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.

Business News11 hours ago

FILE PHOTO: Jan Koum, co-founder and CEO of WhatsApp speaks at the WSJD Live conference in Laguna Beach, California October 25, 2016.     REUTERS/Mike Blake/File Photo

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.

Business News11 hours ago

FILE PHOTO: U.S. President Donald Trump speaks at swearing in ceremonies for new CIA Director Gina Haspel at the headquarters of the Central Intelligence Agency in Langley, Virginia, U.S. May 21, 2018.  REUTERS/Kevin Lamarque

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.

Technology News12 hours ago

FILE PHOTO: The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany,  July 14, 2015. REUTERS/Kai Pfaffenbach

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.

Business Newsan hour ago

FILE PHOTO:  A ZTE smart phone is pictured in this illustration taken April 17, 2018.  REUTERS/Carlo Allegri/Illustration/File Photo

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.

Business News3 hours ago

FILE PHOTO - Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Yves Herman/File Picture

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.

Technology Newsan hour ago

FILE PHOTO: Visitors are seen at a Foxconn booth at the World Intelligence Congress in Tianjin, China May 19, 2018. REUTERS/Stringe

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.

Business News7 hours ago

Facebook's CEO Mark Zuckerberg answers questions about the improper use of millions of users' data by a political consultancy, at the European Parliament in Brussels, Belgium, in this still image taken from Reuters TV May 22, 2018. REUTERS/ReutersTV

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.

Technology News7 hours ago

The company logo for Yelp! is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid

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.

Business News13 hours ago

Sony Corp's new President and Chief Executive Officer Kenichiro Yoshida attends a news conference on their business plan at the company's headquarters in Tokyo, Japan May 22, 2018.  REUTERS/Toru Hanai

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.

Business News14 hours ago

FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018.  REUTERS/Dado Ruvic/Illustration/File Photo

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.

Technology News7 hours ago

FILE PHOTO: A shop attendant sits in an Acer booth in a computer mall in Taipei, March 19, 2013.  REUTERS/Pichi Chuang/File Photo

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.

Business News5 hours ago

FILE PHOTO: A man cleans a Tesla Model 3 car during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo

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.

Business News8 hours ago

FILE PICTURE - The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo

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.

Technology News6 hours ago

FILE PHOTO - Chile's President Sebastian Pinera reviews the honor guard before meeting with his Brazilian counterpart Michel Temer at the Planalto Palace in Brasilia, Brazil April 27, 2018. REUTERS/Adriano Machado

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.

Technology News7 hours ago

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.

Business News9 hours ago

FILE PHOTO: U.S. Representative Michael McCaul (R-TX) arrives at Trump Tower to meet with U.S. President Donald Trump in New York, U.S., November 29, 2016.   REUTERS/Mike Segar

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>.

Business News10 hours ago

Facebook's CEO Mark Zuckerberg answers questions about the improper use of millions of users' data by a political consultancy, at the European Parliament in Brussels, Belgium, in this still image taken from Reuters TV May 22, 2018. REUTERS/ReutersTV

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".

Business News10 hours ago

FILE PHOTO: Facebook's CEO Mark Zuckerberg arrives at the European Parliament to answer questions about the improper use of millions of users' data by a political consultancy, in Brussels, Belgium May 22, 2018. REUTERS/Yves Herman

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.

Business News10 hours ago

FILE PHOTO - Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Yves Herman/File Picture

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.

Business News11 hours ago

FILE PHOTO: Steven Mnuchin, Secretary, U.S. Department of the Treasury, speaks at the Milken Institute's 21st Global Conference in Beverly Hills, California, U.S. April 30, 2018. REUTERS/Lucy Nicholson

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.

Business News11 hours ago

FILE PHOTO: Jan Koum, co-founder and CEO of WhatsApp speaks at the WSJD Live conference in Laguna Beach, California October 25, 2016.     REUTERS/Mike Blake/File Photo

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.

Business News11 hours ago

FILE PHOTO: U.S. President Donald Trump speaks at swearing in ceremonies for new CIA Director Gina Haspel at the headquarters of the Central Intelligence Agency in Langley, Virginia, U.S. May 21, 2018.  REUTERS/Kevin Lamarque

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.

Technology News12 hours ago

FILE PHOTO: The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany,  July 14, 2015. REUTERS/Kai Pfaffenbach

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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