Apple plans biggest iPhone yet for 2018 -Bloomberg

(Reuters) - Apple Inc is preparing to release three new smartphones later this year, including the largest iPhone ever, a device that may have a bigger display than arch-rival Samsung’s flagship phone, Bloomberg reported on Monday, citing people familiar with the products. The trio also i...

Continue reading

Apple shares on verge of record high after Buffett comments

SAN FRANCISCO (Reuters) - Shares of Apple rose nearly 2 percent on Monday and were on the verge of hitting a record high after billionaire Warren Buffett talked up his company’s stake in the iPhone maker. Apple’s stock rose to as much as $179.14, just short of its $179.26 record close on...

Continue reading

STMicro embeds software of French start-up Sigfox in chips

PARIS (Reuters) - STMicroelectronics has built software from France's Sigfox into its widely used microcontrollers, giving a boost to the French start-up by enabling developers to build its network features into industrial and consumer chips.

Apple plans three new iPhones for 2018: Bloomberg

(Reuters) - Apple Inc is preparing to release three new smartphones later this year, including the largest iPhone ever, Bloomberg reported on Monday, citing people familiar with the products.

Broadcom calls Qualcomm's offer for price talks 'engagement theater'

(Reuters) - Broadcom Ltd on Monday called a proposal by U.S. semiconductor peer Qualcomm Inc for a new meeting to negotiate an increase to Broadcom's $117 billion acquisition offer "engagement theater" aimed at dodging a takeover battle.

EU plans new tax for tech giants up to 5 percent of gross revenues

BRUSSELS (Reuters) - The European Commission wants to tax large digital companies' revenues based on where their users are located rather than where they are headquartered at a common rate between 1 and 5 percent, a draft Commission document showed.

German prosecutors say won't investigate Facebook over hate postings

FRANKFURT (Reuters) - German prosecutors said on Monday they would not open a formal investigation of Mark Zuckerberg and other Facebook managers in connection with a complaint alleging the company broke national laws against hate speech and sedition.

Goldman-backed startup Circle buys major crypto exchange Poloniex

LONDON/NEW YORK (Reuters) - Goldman Sachs-backed cryptocurrency startup Circle has acquired digital token exchange Poloniex, Circle said on Monday, as it aims to cement its position as one of the leading players in the booming market.

EU to propose new tax on digital firms up to 5 percent of their gross revenues

BRUSSELS (Reuters) - The European Commission wants to tax large digital companies’ revenues based on where their users are located rather than where their headquarters are, at a rate between 1 and 5 percent, a draft Commission document showed. The proposal, seen by Reuters, aims at increasing ...

Continue reading

Qualcomm proposes price talks with Broadcom in potential step toward deal

(Reuters) - Qualcomm Inc (QCOM.O) on Monday urged Broadcom Ltd (AVGO.O) to enter into price negotiations for the first time on Broadcom’s $117 billion offer for the company, a potential step toward a deal between the two chipmakers after almost four months of disagreement. Qualcomm said on Mon...

Continue reading

EU says stands ready to regulate crypto-currencies

LONDON (Reuters) - The European Union stands ready to regulate crypto-currencies if risks from the sector are not tackled at the global level, the bloc's financial services chief said on Monday.

U.S. cloud networking firm GTT to buy Europe's Interoute for $2.3 billion

(Reuters) - U.S. cloud networking company GTT Communications Inc said on Monday it would buy privately held European peer Interoute in an all-cash deal valued at about 1.9 billion euros, or $2.3 billion. GTT said Interoute operates one of Europe’s largest independent fiber networks and that th...

Continue reading

Cloud networking company GTT to acquire Interoute in $2.3 billion deal

(Reuters) - U.S. cloud networking company GTT Communications Inc said on Monday it would buy European peer Interoute in an all-cash deal valued at about 1.9 billion euros, or $2.3 billion. GTT said it will fund the deal with a combination of debt and equity, and that it expects to close the deal in ...

Continue reading

Britain's big banks play catch up with fintech with new apps

LONDON (Reuters) - British retail banks are poised to introduce money management apps to compete with those already launched by financial technology start-ups, betting their trusted brands, broad client base and deep pockets will help them make up lost ground. HSBC (HSBA.L), Lloyds Banking Group (LL...

Continue reading

Toyota AI Ventures boosts investment in self-driving startups

(Reuters) - Toyota Motor Corp is boosting investment in startup companies to get a better handle on emerging technologies that could potentially disrupt its existing business, according to the head of Toyota’s corporate venture arm. Toyota AI Ventures said on Monday it is co-leading an $11.5-m...

Continue reading

Qualcomm proposes further price talks with Broadcom

(Reuters) - Chipmaker Qualcomm Inc (QCOM.O) on Monday urged Broadcom Ltd (AVGO.O) to enter into price negotiations on its $117 billion offer for the company, saying the two sides had made progress on regulatory issues but were yet to agree on the deal value. Qualcomm maintained that all of Broadcom&...

Continue reading

Huawei in early 5G trials with 30 telcos; CEO rejects U.S. security fears

BARCELONA (Reuters) - The chief executive of Huawei [HWT.UL] said on Monday the pace of commercialization for next-generation 5G wireless network is picking up pace as the Chinese telecom equipment giant has begun pre-commercial development with more than 30 network operators. Speaking to reporters ...

Continue reading

Qualcomm proposes due diligence, price talks with Broadcom

(Reuters) - Qualcomm Inc (QCOM.O) urged peer Broadcom Ltd (AVGO.O) to enter into direct negotiations on a price for merging the two companies and said they had made progress on regulatory and other deal certainty issues at a meeting last week. Qualcomm maintained that all of Broadcom’s previou...

Continue reading

Indonesia's Go-Jek raises $1.5 billion as ride-hailing market heats up: sources

SINGAPORE (Reuters) - Indonesia’s Go-Jek has raised a higher than targeted $1.5 billion in a fundraising round from a dozen investors including BlackRock and Google, sources said, as the ride-hailing firm builds its war chest to fight deep-pocketed rivals. Go-Jek had planned last year to raise...

Continue reading

Vodafone's mobile data to be deployed to fight epidemics in Ghana

BARCELONA (Reuters) - Mobile data will be used in Ghana to track and control epidemics, helping prevent a repeat of the 2014 West Africa Ebola outbreak, in a pioneering program announced by Vodafone Foundation on Monday.   The initiative will use aggregated anonymized mobile data to track real-...

Continue reading