TSMC shares slide as revenue estimate cut; other Apple, chip stocks also fall

TAIPEI (Reuters) - Shares of Taiwan Semiconductor Manufacturing Co Ltd tumbled and other Apple supplier and chip stocks fell after it cut its full-year revenue target on softer demand for smartphones.

TSMC shares tumble after full-year revenue estimate cut

TAIPEI (Reuters) - Shares of Taiwan Semiconductor Manufacturing Co Ltd opened down 6.8 percent on Friday, after it revised its full-year revenue target to the low end of its earlier forecast due to softer demand for smartphones and uncertainty in the cryptocurrency mining market.

Consumer activists, experts advise against buying ZTE phones

(Reuters) - Consumer activists and technology experts are advising consumers to hold off on buying Android handsets from China's ZTE until the company clarifies whether U.S. sanctions against the company prevent it from providing operating system updates for its devices.

Qualcomm cutting 1,500 jobs at its California offices

(Reuters) - Chipmaker Qualcomm Inc is cutting 1,500 jobs across multiple divisions at its offices in California, as part of its promise to investors to cut annual costs by $1 billion.

Rakuten weighs $1.8 billion bond issue to launch mobile service: Nikkei

(Reuters) - Japanese e-commerce company Rakuten Inc will issue as much as 200 billion yen ($1.86 billion) to prepare for its entry into the country's mobile phone service market, the Nikkei business daily reported on Thursday.

German lawmakers to grill Facebook manager on data privacy

BERLIN (Reuters) - German lawmakers will question a senior Facebook Inc manager about data privacy in the wake of revelations that the personal information of millions of users wrongly ended up in the hands of political consultancy Cambridge Analytica.

TSMC's smartphone warning points squarely at Apple: analysts

(Reuters) - Shares in Apple Inc and its suppliers fell on Thursday after a raft of analysts read a prediction of softer smartphone sales from Taiwan Semiconductor Manufacturing Co Ltd as driven chiefly by concern about demand for iPhones.

British lawmakers to interview Cambridge academic Kogan over Facebook data

LONDON (Reuters) - A Cambridge University academic who harvested data on millions of Facebook users will appear before a British parliamentary committee investigating the scandal on April 24.

DeBeers rolls out app to clean up Sierra Leone diamond supply chain

JOHANNESBURG (Reuters) - Global diamond giant De Beers is rolling out an app to help small-scale, artisanal diamond miners in Sierra Leone certify that gems they pry from the soil are legal, the Anglo American unit said on Thursday.

ZTE woes may boost network rivals Ericsson and Nokia

STOCKHOLM/LONDON (Reuters) - Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a U.S. ban on exports to low-cost Chinese rival ZTE.

Lyft to offset emissions from rides with projects combating climate change

SAN FRANCISCO (Reuters) - Lyft Inc is launching a program on Thursday to offset emissions from the 1.4 million cars that drive for the U.S. ride-hailing service by investing in projects to reduce other sources of greenhouse gas, the company said.

U.S ban on sales to ZTE triggers patriotic rhetoric in China

HONG KONG (Reuters) - A U.S. ban on sales of American components to ZTE Corp has unleashed a patriotic backlash in China's cyberspace, highlighting the growing tension between the world's two largest economies.

Qualcomm concessions insufficient to clinch NXP deal: commerce ministry

BEIJING (Reuters) - U.S. chipmaker Qualcomm will have to do more to complete its proposed takeover of NXP Semiconductors , a commerce ministry spokesman said on Thursday.

Alibaba to invest $320 million in Thailand, as rivals boost presence

BANGKOK (Reuters) - Alibaba is investing $320 million in Thailand as the e-commerce giant aims to tap Chinese consumers' appetite for the Southeast nation's agricultural goods and for its tourism market amid growing competition from rivals.

Vivendi's chairman brushes off criticism over investment in Telecom Italia

PARIS (Reuters) - Vivendi's chairman and top investor Vincent Bollore brushed off criticism over the media group's investments in Telecom Italia (TIM) on Thursday.

Hedge fund Elliott steps up pressure on Vivendi over Telecom Italia

PARIS, LONDON (Reuters) - Activist investor Elliott Advisors lambasted Vivendi on Thursday after the French media group defended its strategy as the main shareholder of Telecom Italia (TIM).

China's ZTE removed chief compliance officer before U.S. sanction: source

HONG KONG (Reuters) - ZTE Corp's chief compliance and chief legal officer was removed from his posts more than a month before the Chinese telecom equipment maker was slapped with U.S. sanctions this week, a company source with direct knowledge of the situation told Reuters.

Hedge fund Elliott issues new attack on Vivendi over Telecom Italia

PARIS (Reuters) - Activist Elliott Advisors issued on Thursday a fresh attack on French media group Vivendi as the hedge fund's battle with Vivendi over Telecom Italia intensifies.

Uber picks VMware's Zane Rowe as CFO: Bloomberg

(Reuters) - Uber Technologies Inc [UBER.UL] has picked VMware Inc's Zane Rowe as the top candidate for chief financial officer to lead preparations for the ride-hailing company's initial public offering in 2019, Bloomberg reported on Wednesday.

Mexico's top court sides with America Movil, says Telmex can charge rivals

MEXICO CITY (Reuters) - America Movil's fixed-line unit Telmex said on Wednesday that the nation's supreme court has sided with it and ruled the firm should not be barred from charging rivals for calls to its network.

Flatpack fear no more? Robot assembles IKEA chair frame

SINGAPORE (Reuters) - Robots in Singapore have completed a task many humans dread - assembling flat-packed IKEA furniture.

Exclusive: Facebook to put 1.5 billion users out of reach of new EU privacy law

SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smal...

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Qualcomm begins layoffs as part of cost cuts

(Reuters) - Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut annual costs by $1 billion, the chipmaker said on Wednesday.

Mexico regulator fines America Movil $5.4 million in antitrust case

MEXICO CITY (Reuters) - Mexico's telecom regulator IFT said on Wednesday that it has fined billionaire Carlos Slim's flagship company America Movil and its mobile service unit Telcel 96.8 million pesos ($5.4 million) in an antitrust case.

Exclusive: Facebook to change user terms, limiting effect of EU privacy law

SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smal...

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Time Warner CEO says AT&T merger needed to compete with internet titans

WASHINGTON (Reuters) - Time Warner Chief Executive Jeff Bewkes on Wednesday defended his company's planned merger with telecoms firm AT&T as necessary to compete effectively for advertising with internet giants like Google and Facebook.

Amazon says it has more than 100 million Prime members

(Reuters) - Amazon Inc said on Wednesday it now has more than 100 million Amazon Prime members globally.

Qualcomm begins layoffs as part of cost cuts: Bloomberg

(Reuters) - Chipmaker Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut costs by $1 billion, Bloomberg reported on Wednesday, citing people familiar with the matter.

Cryptocurrency funds down nearly 30 percent in March as slump persists: index

NEW YORK (Reuters) - Cryptocurrency funds were down 29.2 percent in March amid an ongoing slump caused by increased scrutiny from global regulators of the virtual assets, according to a new index launched by data provider BarclayHedge.

China's ZTE delays earnings amid confusion over U.S. ban

SAN FRANCISCO/NEW YORK (Reuters) - China's ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. order that bans American companies from selling it parts, which could undermine its ability to manufacture equipment.