China's Xiaomi targets 2017 sales of $14.5 billion after 2016 overhaul

HONG KONG (Reuters) - China's Xiaomi targets 2017 sales of over 100 billion yuan ($14.47 billion), Chief Executive Lei Jun said on Thursday, after a year that saw the firm fall down the smartphone vendor rankings while it overhauled its business.

Trump news conference sets worldwide social media afire

NEW YORK (Reuters) - In his first news conference since the Nov. 8 election, President-elect Donald Trump set social media ablaze on Wednesday with remarks including harsh criticism of the press and a defense of his goal to improve ties with Russia.

Samsung Group leader Lee arrives at South Korea prosecution office for questioning

SEOUL (Reuters) - Samsung Group [SAGR.UL] leader Jay Y. Lee on Thursday arrived at the South Korean special prosecutor's office for questioning over bribery suspicions as part of a widening political scandal that may permanently unseat President Park Geun-hye.

EU says U.S. explanation of Yahoo email scanning not enough

BRUSSELS (Reuters) - The United States has not satisfied the European Union's concerns about Yahoo's scanning of all customers' incoming emails for U.S. intelligence purposes, the bloc's justice chief told Reuters in an interview.

Third of global consumers open to Google, Amazon banking: survey

NEW YORK (Reuters) - Roughly one in three banking and insurance customers globally would consider switching their accounts to Google , Amazon or Facebook if the Silicon Valley giants offered financial services, according to a new survey on Wednesday.

Amazon removes Indian flag doormat link after visa threat

MUMBAI (Reuters) - Amazon.com removed doormats resembling the Indian tri-color flag from its Canadian website on Wednesday, after an Indian government threat to rescind visas of the U.S. company's employees if they did not stop selling the product.

Canada's Shaw turns to Comcast technology to regain market share

TORONTO (Reuters) - Canada's Shaw Communications Inc announced a voice-controlled television product on Wednesday that it hopes will help it stem years of market share losses to western Canadian telecom rival Telus Corp .

Brussels and London form 'fintech bridge'

LONDON (Reuters) - A delegation from Belgium's financial technology sector came to London with its finance minister this week to set up a "fintech bridge" with the British capital that will enable cooperation on the burgeoning sector.

Amazon to pay C$1.1 million to settle Canada pricing case

OTTAWA (Reuters) - The Canadian unit of Amazon.com will pay a C$1 million ($756,658.60) fine to settle an investigation into pricing activities on its website that gave an inaccurate view of how much consumers could save, Canada's competition watchdog said on Wednesday.

Instagram adds advertising to Instagram Stories

(Reuters) - Facebook Inc's Instagram is bringing more than 30 advertisers into one of its fastest-growing features, Instagram Stories, in a bid to boost advertising revenue, the company said on Wednesday.

Adobe, Microsoft Push Critical Security Fixes

Adobe and Microsoft on Tuesday each released security updates for software installed on hundreds of millions of devices. Adobe issued an update for Flash Player and for Acrobat/Reader. Microsoft released just four updates to plug some 15 security holes in Windows and related software....

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Adobe, Microsoft Push Critical Security Fixes

Adobe and Microsoft on Tuesday each released security updates for software installed on hundreds of millions of devices. Adobe issued an update for Flash Player and for Acrobat/Reader. Microsoft released just four updates to plug some 15 security holes in Windows and related software....

Continue reading

Alibaba to set up Europe logistics center in Bulgaria: report

(Reuters) - Chinese e-commerce group Alibaba is planning to set up a European logistics center in Bulgaria, Xinhua reported on Wednesday.

Facebook launches project to improve ties with news media

(Reuters) - Facebook Inc launched its "Journalism Project" on Wednesday, as the world's biggest social media network looks to deepen its relationship with news organizations.

Hamas sets 'honey traps' to hack Israeli soldiers' phones: army

TEL AVIV (Reuters) - Using photos of young women and Hebrew slang, the Palestinian militant group Hamas chatted up dozens of Israeli soldiers online, gaining control of their phone cameras and microphones, the military said on Wednesday.

Microsoft agrees to Windows 10 adjustments with Swiss data watchdog

ZURICH (Reuters) - Switzerland's data protection czar will not take Microsoft to court after the U.S. company agreed to adopt recommendations for improving data processing transparency for its Windows 10 operating system, the government agency said.

Binary options firm Banc De Binary says winding down operations

TEL AVIV (Reuters) - Banc De Binary, one of the biggest and best-known providers of online trading in binary options, which allow investors to bet on short-term moves in financial assets, said it is winding down its business, citing regulatory pressures.

China's anti-Teslas: cheap models drive electric car boom

-nuBEIJING (Reuters) - More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan.

Uber signs deal with Dubai regulator after pricing rows

DUBAI (Reuters) - Ride-hailing service Uber [UBER.UL] signed an agreement with Dubai's transport authorities on Wednesday to become fully regulated after a series of clashes over pricing and availability.

Corephotonics raises $15 million from Samsung, Foxconn, MediaTek

JERUSALEM (Reuters) - Corephotonics, an Israeli maker of dual camera technologies for smartphones, said on Wednesday it raised $15 million in a funding round that included Samsung Ventures, iPhone manufacturer Foxconn and chipmaker MediaTek.