EU piles pressure on social media over fake news

BRUSSELS (Reuters) - Tech giants such as Facebook and Google must step up their efforts to tackle the spread of fake news online over the next few months or potentially face further regulation from the European Union, as concerns mount over election interference.

Jewelry companies team up with IBM on blockchain platform

NEW YORK (Reuters) - Gold and diamond companies including Berkshire Hathaway Inc's Richline Group Inc joined with IBM to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced, the companies said on Thursday.

Exclusive: Chip wars - China closing in on second $19 billion semiconductor fund: sources

HONG KONG/SHANGHAI (Reuters) - China's state-backed semiconductor fund is near to closing a 120 billion yuan ($18.98 billion)investment round for a second fund to support the domestic chip sector and help cut reliance on imports amid a bruising trade standoff with the United States.

EU moves to regulate tech giants' business practices

BRUSSELS (Reuters) - Tech giants like Google, Apple and Amazon will for the first time face rules regulating their commercial relations with smaller businesses under a law proposed by the European Union on Thursday.

Cyber security firm Avast targets $4.5 billion valuation in IPO

LONDON (Reuters) - Private equity-backed cyber security firm Avast is targeting a market capitalization of between 2.5 billion and 3.2 billion pounds ($3.5-4.5 billion) in its initial public offering (IPO), potentially the biggest London listing since July.

Nokia sees weak first half but strong momentum later in 2018

HELSINKI/LONDON (Reuters) - Network equipment maker Nokia posted weaker than expected quarterly profits as telecom operators, particularly in North America, held off spending, but the company sees momentum building later in the year.

Tesla's head of Autopilot leaves, ex-Apple exec to succeed

(Reuters) - Tesla Inc said on Thursday Jim Keller, the head of its low-voltage hardware, Autopilot software and infotainment, is leaving the automaker to focus on microprocessor engineering with another company.

Nintendo sees the best annual profit in nine years on Switch, announces new president

TOKYO (Reuters) - Japan's Nintendo Co Ltd said on Thursday it expects operating profit to rise 26.7 percent in the year through March to a nine-year high, as its Switch games console maintains sales momentum in its second year.

Revolut becomes Britain's first digital bank unicorn

LONDON (Reuters) - Financial technology firm Revolut said on Thursday its valuation had jumped by five times in a year to $1.7 billion at its most recent funding round, making it the first of Britain's digital-only banks to reach unicorn status.

Samsung Electronics flags mobile weakness as chips power record first-quarter profit

SEOUL (Reuters) - Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers.

ZTE tells suppliers China trade row may be factor in U.S. ban: source

NEW YORK (Reuters) - China's ZTE Corp held a conference call on Wednesday with major suppliers, during which a company representative suggested the trade dispute with Beijing may have been a factor in last week's U.S. order banning American firms from selling goods to the smartphone maker, according...

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Qualcomm easing licensing terms in bid to strike deals

SAN FRANCISCO (Reuters) - Qualcomm Inc's earnings call on Wednesday showed just how far the company is willing to go to preserve one of its core business practices of taking a cut of the selling price of phones.

Samsung Elec flags mobile weakness as chips power record first profit

SEOUL (Reuters) - Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers.

Samsung Elec flags mobile weakness after record first quarter profit

SEOUL (Reuters) - Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers.

Samsung Elec first-quarter profit up 58 percent on-year to new record

SEOUL (Reuters) - Samsung Electronics Co Ltd posted a record quarterly profit, as expected, for the three months through March, led by firm demand for memory chips.

Qualcomm chip sales indicate some smartphone strength

(Reuters) - U.S. chipmaker Qualcomm Inc's quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers.

Britain pumps cash into artificial intelligence before Brexit

LONDON (Reuters) - Britain announced on Thursday a 1 billion pound ($1.4 billion) joint investment in the artificial intelligence (AI) industry to capitalize on what the government sees as a competitive advantage in the sector as it prepares for life after Brexit.

Trump, top aides talk trade with Apple CEO Cook at White House

WASHINGTON (Reuters) - President Donald Trump and two top aides talked about trade issues with Apple Inc chief Tim Cook on Wednesday as the White House prepares to try to avert a trade war with China, a manufacturing hub for the iPhone maker.

Brazil prosecutors say Windows 10 settings violate local laws

SAO PAULO (Reuters) - Federal prosecutors in Brazil asked a court on Wednesday to force Microsoft to change its default installation process for Windows 10, which they said violated several local laws by collecting user data without their "express consent."

Facebook's rise in profits, users shows resilience after scandals

(Reuters) - Facebook Inc shares rose on Wednesday after the social network reported revenue that beat Wall Street estimates, showing no initial impact on its lucrative ad business from a scandal over the handling of personal data.

Qualcomm profit tops estimates on higher modem chip sales

(Reuters) - U.S. chipmaker Qualcomm Inc's quarterly profit and revenue topped Wall Street forecasts, led by higher sales of modem semiconductors used in smartphones and connected cars.

PayPal quarterly profit beats estimates, shares rise

(Reuters) - PayPal Holdings Inc reported first-quarter profit that beat Wall Street estimates on Wednesday as the payment processor benefited from higher volumes of mobile payments and a strong merchant services business.

Facebook quarterly profit beats estimates

(Reuters) - Facebook Inc's first-quarter profit topped analyst estimates on Wednesday, as the social media company's mobile ad business grew from a major push to add more video content on its site.

Qualcomm's quarterly profit falls 51.5 percent

(Reuters) - Qualcomm Inc's quarterly profit fell 51.5 percent due to higher costs and as the chipmaker sold fewer modem semiconductors used in mobile phones.

Trump and Apple CEO Cook meet at White House with trade the focus

WASHINGTON (Reuters) - President Donald Trump met with Apple Inc Chief Executive Officer Tim Cook on Wednesday to discuss trade issues as the technology industry grapples with a U.S. spat over import tariffs with China, a manufacturing hub for the iPhone maker and other companies.

NYSE glitch forces Amazon and Alphabet traders elsewhere

NEW YORK (Reuters) - The New York Stock Exchange said on Wednesday that trading was suspended on its exchange in five stocks, including Amazon and Alphabet, for the rest of the day due to a technical glitch involving trade reporting.

Twitter shares fall on outlook of slower growth, rising costs

(Reuters) - Twitter Inc shares fell about 5 percent Wednesday after the social network said its revenue growth would slow this year and costs rise as it works to fight the spread of hate speech and allegations of election manipulation through its service.

Facebook will not testify at U.S. House hearing on social media

WASHINGTON (Reuters) - Facebook Inc said Wednesday it has declined an invitation to testify at a U.S. House of Representatives hearing Thursday on filtering practices by social media companies, a company spokesman said.

U.S. probing Huawei for possible Iran sanctions violations: sources

NEW YORK/LONDON (Reuters) - Federal prosecutors in New York have been investigating since at least last year whether Chinese tech company Huawei Technologies Co Ltd [HWT.UL] violated U.S. sanctions in relation to Iran, according to sources familiar with situation.

Uber suspending Vienna operations after court injunction

VIENNA (Reuters) - The ride-hailing service Uber is suspending operations in Vienna after an Austrian court issued a temporary injunction against it on Wednesday.