Saudi embrace of ride-hailing apps drives economic, social change

DUBAI (Reuters) - Saudi Arabia hopes its plan to bring a further 1.3 million women into the workforce by 2030 will be given a lift from ride-hailing apps Uber and Dubai-based rival Careem.

Automakers, suppliers team up to share costs of self-driving cars

LAS VEGAS (Reuters) - Automotive suppliers and automakers are expanding alliances to develop self-driving car technology that can serve multiple automakers, as the race to put such vehicles on the road separates companies that can go it alone from those that need help sharing the financial and techn...

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HMD Global launches first Nokia smartphone

HELSINKI (Reuters) - HMD Global, the Finnish company that owns the rights to use Nokia's brand on mobile phones, announced on Sunday its first smartphone, targeted for Chinese users with a price of 1,699 yuan ($246).

Amazon's Alexa moves in on Google's Android system

(Reuters) - Amazon.com Inc’s digital assistant appeared almost everywhere at the CES technology show this week in Las Vegas, even making an unexpected appearance on rival Google’s Android system.

AB InBev and Keurig to develop alcoholic drinks dispenser for the home

LONDON (Reuters) - Brewer Anheuser Busch InBev (AB InBev) and coffee maker Keurig Green Mountain have teamed up to develop a countertop appliance that could dispense alcoholic drinks in the home.

Canada's competition watchdog closes two-year Apple probe

TORONTO (Reuters) - Canada's Competition Bureau on Friday said it had not found sufficient evidence that Apple Inc had engaged in anti-competitive conduct, closing a two-year investigation into the iPhone maker.

Bitcoin extends losses, slides another 12 percent on China warning

LONDON (Reuters) - Bitcoin plunged another 12 percent on Friday after China's central bank urged investors to take a rational approach to the digital currency, which has is on track for its heaviest two-day falls in two years.

China central bank urges rational investment in bitcoin

BEIJING (Reuters) - China's institutional and individual investors should take a rational approach to investing in virtual currencies such as bitcoin, the central bank said on Friday.

Exclusive: China's ZTE to slash about 3,000 jobs - sources

HONG KONG (Reuters) - Chinese telecom equipment maker ZTE , which is facing U.S. trade sanctions that could severely disrupt its supply chain, is slashing about 3,000 jobs, including a fifth of positions in its struggling handset business in China, company sources said.

China nibbles at Samsung share to take 50 percent of India's smartphone market

MUMBAI (Reuters) - Chinese brands took their largest ever slice of the $10-billion Indian smartphone market in late 2016, accounting for more than one in every two phones sold - a growing market share that ate into sales from top-selling Samsung Electronics.

LG Electronics estimates first quarterly operating loss in six years

SEOUL (Reuters) - South Korea's LG Electronics Inc estimated on Friday it fell to its first quarterly operating loss in six years in October-December, a drop that analysts pinned on continued mobile losses and seasonally weaker appliances sales.

Toshiba to meet banks Tuesday, loan waiver expected: sources

TOKYO (Reuters) - Toshiba Corp plans to meet with creditor banks on Tuesday to explain how it is addressing a massive charge the company says it must take on its U.S. nuclear business, two bankers briefed on the meeting said.

Apple plans first retail store in South Korea, posts hiring notices

SEOUL (Reuters) - Apple Inc said it was planning to open a retail store in South Korea, its first in the country that is home to its smartphone archrival Samsung Electronics Co Ltd .

Google pushes virtual reality harder with new phones from partners

(Reuters) - Alphabet Inc's Google quickened the pace of its push into virtual and augmented reality this week as its hardware partners announced new devices featuring the company’s technology at the CES electronics show in Las Vegas.

Stolen Passwords Fuel Cardless ATM Fraud

Some financial institutions are now offering so-called “cardless ATM” transactions that allow customers to withdraw cash using nothing more than their mobile phones. But as the following story illustrates, this new technology also creates an avenue for thieves to quickly and qu...

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Stolen Passwords Fuel Cardless ATM Fraud

Some financial institutions are now offering so-called “cardless ATM” transactions that allow customers to withdraw cash using nothing more than their mobile phones. But as the following story illustrates, this new technology also creates an avenue for thieves to quickly and qu...

Continue reading

Samsung Electronics forecasts fourth quarter profit at over three-year high

SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its fourth-quarter operating profit likely leapt 50 percent from a year earlier to its highest in more than three years, beating expectations on strong memory chip and display sales.

U.S. files suit against D-Link, alleging devices vulnerable to hackers

WASHINGTON (Reuters) - The U.S. Federal Trade Commission filed a lawsuit against D-Link Corp on Thursday, arguing that the company failed to take steps to ensure that the routers and internet-linked security cameras that it manufactures could not be hacked.

GM's Cadillac to start car subscription concierge service in NYC

DETROIT (Reuters) - General Motors Co on Feb. 1 will begin a $1,500-per-month on-demand concierge subscription service for Cadillac cars and SUVs in New York, a program it hopes will expand to major cities in the United States, Cadillac said on Thursday.

Norway to switch off FM radio in risky, unpopular shift to digital

OSLO (Reuters) - Norway is set to become the first nation to start switching off its FM radio network next week, in a risky and unpopular leap to digital technology that will be closely watched by other countries considering whether to follow suit.