U.S. announces arrests in $530 million cyber identity fraud scheme

WASHINGTON (Reuters) - The U.S. Justice Department on Wednesday announced indictments of 36 people in a global internet identity theft scheme that caused more than $530 million in losses to consumers, businesses and financial institutions. International law enforcement authorities arrested 13 defend...

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Big Tech should pay more taxes: German coalition

BERLIN (Reuters) - The two political parties seeking to form Germany’s next government want big companies to pay more tax, according to a coalition agreement whose text singled out U.S. tech giants by name. “We support fair taxation of large companies, in particular Internet concerns lik...

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Google eyes gaming with 'Yeti' streaming service: report

(Reuters) - Alphabet Inc’s Google is developing a subscription-based game streaming service that could work either on its Chromecast or a Google-made console, which is still being developed, the Information website reported on Wednesday. The service, codenamed Yeti, would put Google at the for...

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An investor's best friend? Israel Diamond Exchange launches digital coins

RAMAT GAN, Israel (Reuters) - Israel’s diamond exchange is turning to digital currencies to inject new life into a marketplace long ruled by cash and backroom handshakes, but it must first persuade traditionally conservative players that the technology can work. One of the world’s larges...

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Enter the robots: automation fills gaps in east Europe's factories

PAPA, Hungary (Reuters) - Plant manager Gabor Kiraly remembers the meeting a couple of years ago when he and his Austrian bosses learnt how severe the worker shortage in Hungary was about to become - it was, he said, a “shocking realization”. The unemployment rate in the western Hungaria...

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Bangladesh to sue Manila bank over $81 million heist

DHAKA (Reuters) - Bangladesh’s central bank will file a lawsuit against a Philippines bank for its role in one of the world’s biggest cyber-heists two years ago, a deputy governor said on Wednesday. Unidentified hackers stole $81 million from Bangladesh Bank’s account at the New Yo...

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Kalanick returns to court in Waymo-Uber autonomous car secrets trial

SAN FRANCISCO (Reuters) - Former Uber Chief Executive Officer Travis Kalanick is expected to testify at trial for a second day on Wednesday, responding to rival Waymo’s allegations that Uber expressly hired a star Waymo engineer to gain self-driving car technology trade secrets. The normally c...

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Goldman in talks with Apple to finance iPhone sales: WSJ

(Reuters) - Goldman Sachs (GS.N) is in talks to offer financing to shoppers buying Apple (AAPL.O) products including iPhones, the Wall Street Journal reported on Wednesday. Buyers of a $1,000 iPhone X could take out a loan from Goldman instead of charging it to credit cards that often carry high int...

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Swisscom tightens security after sales partner breached

ZURICH (Reuters) - Data on around 800,000 Swisscom customers leaked when security at an external sales partner was breached, prompting the Swiss group to tighten access to its files, it said on Wednesday. The breach late last year affected “non-sensitive” data such as customers’ na...

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Chinese regulator raps internet firms over vulgar content

BEIJING/SHANGHAI (Reuters) - A Chinese content regulator has rapped major tech companies, including Alibaba Holding Ltd, Tencent Holdings Ltd and Baidu Inc, for not doing enough to root out “harmful information” published on their platforms. The anti-pornography office of China’s p...

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Esports get a cool reception at winter Games

GANGNEUNG, South Korea (Reuters) - Esports have descended on the Olympics, bringing professional gamers to South Korea’s first winter Games, but some athletes warming up for real action on nearby slopes are not impressed. Intel Corp, an Olympics sponsor, wrapped up its esports tournament a few...

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China's Didi sets up electric car-sharing platform

BEIJING/SHANGHAI (Reuters) - Chinese ride-hailing giant Didi Chuxing is setting up an electric car sharing service with 12 automakers, including BYD Co Ltd, local partners of Ford Motor Co and the Renault-Nissan-Mitsubishi alliance. Didi, which bought out Uber’s China business in 2016, said in...

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Japan's SoftBank aims to list domestic telecoms unit this year

TOKYO (Reuters) - SoftBank Group Corp said on Wednesday that it wants to list its Japanese telecoms unit this year as CEO Masayoshi Son moves to complete the transformation of the company he founded from domestic telecoms upstart into one of the world’s biggest technology investors. SoftBank h...

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SoftBank prepares for telecoms IPO, CEO aims for this year

TOKYO (Reuters) - SoftBank Group Corp said on Wednesday that it wants to list its Japanese telecoms unit this year, a move towards completing its transformation from a domestic telecoms upstart into one of the world’s biggest technology investors. SoftBank said it started preparations to list ...

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Renault-Nissan alliance, Didi Chuxing to explore China electric car-sharing tie-up

BEIJING (Reuters) - The Renault-Nissan-Mitsubishi alliance said on Wednesday it has signed a memorandum of understanding with car-hailing service company Didi Chuxing to explore future business cooperation on a new electric car-sharing service in China. A person familiar with the matter said the new...

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Apple brings Alibaba-linked payment system into China stores amid market push

BEIJING/SHANGHAI (Reuters) - Apple Inc will accept Chinese mobile payment app Alipay in its local stores, boosting its ties with giant e-commerce firm Alibaba Group Holding Ltd amid a push by the iPhone maker to revive growth in the world’s No.2 economy. The tie-up will make Alipay, run by Ali...

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Kids and Family Members

Background The number of ways children today can go online and interact with others is staggering. From new social media apps and games to schools issuing Chromebooks, kids’ social lives and futures depend on their ability to make the most of technology. As parents, we want to make sure they d...

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Samsung to begin investing in new domestic memory chip line: Yonhap

SEOUL (Reuters) - Samsung Electronics Co Ltd has decided to begin investment to build a second memory chip line at its Pyeongtaek production facilities in South Korea, Yonhap news agency reported on Wednesday. Chipmakers are investing heavily to meet booming demand for semiconductors and Samsung sai...

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Samsung Elec to begin investing in new memory chip line in South Korea: Yonhap

SEOUL (Reuters) - Samsung Electronics Co Ltd has decided to begin initial investment to build a new memory chip line at its production facilities in South Korea, wire service Yonhap reported on Wednesday. A Samsung Electronics management committee decided earlier on Wednesday to begin constructing a...

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Alphabet names former Time Warner Cable executive to lead internet unit

SAN FRANCISCO (Reuters) - Alphabet Inc said it named a former Time Warner Cable chief operating officer as chief executive officer of its internet service company, marking the unit’s third CEO in less than two years. Dinesh Jain, who left Time Warner Cable as it merged with Charter Communicati...

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