Apple grabs two-year lead in 3D sensing race

(Reuters) - Most Android phones will have to wait until 2019 to duplicate the 3D sensing feature behind Apple’s Face ID security, three major parts producers have told Reuters, handicapping Samsung and others on a technology that is set to be worth billions in revenue over the next few years.

Privacy issues emerge as major business risk for Facebook

SAN FRANCISCO/ FRANKFURT (Reuters) - Facebook faces substantial business risks from new European Union privacy rules set to take effect in May, a looming reality that came into stark relief over the weekend with revelations that a controversial political consulting firm had improperly obtained perso...

Continue reading

'Socially responsible' investors reassess Facebook ownership

NEW YORK (Reuters) - With European and U.S. lawmakers calling for investigations into reports that Facebook user data was accessed by UK based consultancy Cambridge Analytica to help President Donald Trump win the 2016 election, investors are asking even more questions about the social media company...

Continue reading

Puerto Rico power utility hacked but customer data not at risk

NEW YORK (Reuters) - Puerto Rico's bankrupt power utility, PREPA, said on Monday it had been hacked over the weekend, but customer information was not compromised.

BlackBerry must face revived U.S. lawsuit over BlackBerry 10

NEW YORK (Reuters) - A U.S. judge on Monday rejected BlackBerry Ltd's request to dismiss a lawsuit claiming it inflated its stock price and defrauded shareholders by painting a misleadingly positive picture of sales prospects for its BlackBerry 10 smartphones.

California regulator proposes regulating Uber like tour buses, limos

SAN FRANCISCO (Reuters) - Uber Technologies Inc should be classified as the same type of transportation as limousines and tour buses, a California regulator said on Monday in a proposal that could change how the ride-hailing company is regulated in its home state.

Facebook under pressure as U.S., EU urge probes of data practices

(Reuters) - Facebook Inc Chief Executive Mark Zuckerberg faced calls on Monday from U.S. and European lawmakers to explain how a consultancy that worked on President Donald Trump's election campaign gained improper access to data on 50 million Facebook users.

Whole Foods calls supplier summit amid Amazon angst

LOS ANGELES/NEW YORK (Reuters) - Whole Foods will host a summit beginning Tuesday for up to 200 of its suppliers in its hometown of Austin, Texas, amid anxiety and speculation about how its ongoing business revamp will play out under new owner Amazon.com.

Self-driving Uber car kills Arizona woman crossing street

TEMPE, Ariz./SAN FRANCISCO (Reuters) - An Uber self-driving car hit and killed a woman crossing the street in Arizona, police said on Monday, marking the first fatality caused by an autonomous vehicle and a potential blow to the technology expected to transform transportation.

G20 leaders to hold fire on cryptocurrencies amid discord: sources

BUENOS AIRES (Reuters) - The world's financial leaders gathering in Argentina on Monday are likely to stop short of any specific action aimed at regulating cryptocurrencies such as Bitcoin, amid discord over the approach, sources at the summit told Reuters.

California regulator proposes to regulate Uber like tour buses, limos

SAN FRANCISCO (Reuters) - A California regulator issued a proposed decision on Monday classifying Uber Technologies Inc [UBER.UL] as the same type of transportation as limousines and tour buses, a finding that could change how the ride-hailing company is regulated in its home state.

U.S. bans transactions with Venezuela's digital currency: White House

WASHINGTON (Reuters) - U.S. President Donald Trump on Monday signed an executive order barring any U.S.-based financial transactions involving Venezuela's new petro cryptocurrency, as U.S. officials warned that it was a "scam" by President Nicolas Maduro's government to further undermine democracy i...

Continue reading

Tech stocks wobble in U.S.; some investors worry party is ending

SAN FRANCISCO (Reuters) - A deep sell-off across technology companies on Monday on U.S. stock markets left some investors worrying how much longer those high-flying stocks' market leadership would last.

Judge weighs what evidence U.S. can use to block AT&T, Time Warner merger

WASHINGTON (Reuters) - AT&T Inc sought to persuade a judge on Monday to throw out evidence the government seeks to use in a trial that begins this week to show that the company's $85 billion acquisition of Time Warner Inc would harm consumers and competitors.

Woman dies in Arizona after being hit by Uber self-driving SUV

SAN FRANCISCO (Reuters) - A woman was killed by an Uber self-driving sport utility vehicle in Arizona, police said on Monday, and the ride hailing company said it had suspended its autonomous vehicle program across the United States and Canada.

Woman dies in Arizona after being hit by Uber self-driving car

SAN FRANCISCO (Reuters) - A woman died of her injuries after being struck by a Uber [UBER.UL] self-driving vehicle in Arizona, police said on Monday, and the ride hailing company said it had suspended its autonomous vehicle program across the United States and Canada.

Dropbox IPO oversubscribed: sources

(Reuters) - Cloud storage company Dropbox Inc's [DBX.O] initial public offering was oversubscribed, two people familiar with the matter said on Monday, indicating healthy demand for the first big tech IPO this year even as tech stocks opened the week on sour note.

U.S. blocks use of Venezuela's digital currency: White House

WASHINGTON (Reuters) - U.S. President Donald Trump on Monday blocked the use of Venezuelan cryptocurrencies through an executive order prohibiting such transactions by those in the United States, the White House said in a statement.

Google courts game developers with expanded services lineup

SAN FRANCISCO (Reuters) - Alphabet Inc's Google on Monday unveiled new tools for game developers, days after opening Maps to create location-based online games, challenging technology rivals including Amazon.com Inc in the bid for a bigger slice of the lucrative industry.

Facebook under pressure as EU, U.S. urge probes of data practices

(Reuters) - Facebook Inc faced growing pressure on Monday after European and U.S. lawmakers called for investigations into reports that a consultancy that worked on President Donald Trump's campaign gained access to data on 50 million Facebook users.

Trial kicks off in U.S. challenge to AT&T, Time Warner merger

WASHINGTON (Reuters) - A trial that could shape the future of U.S. media ownership kicks off in Washington this week as the Department of Justice seeks to block AT&T Inc's $85 billion acquisition of Time Warner Inc.

Britain's RBS planning digital-only bank: Sky News

LONDON (Reuters) - Britain's Royal Bank of Scotland is working on plans to create a standalone digital bank, Sky News reported on Monday, as small, app-only banks with low fees target traditional lenders' market share.

British prime minister very concerned by Facebook data abuse reports

LONDON (Reuters) - Britain is very concerned by allegations that the British data firm Cambridge Analytica exploited data on millions of Facebook users without their authorization in election campaigns, a spokesman for Prime Minister Theresa May said on Monday.

UK government to study cryptocurrency risks in more detail

LONDON (Reuters) - Britain's government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin, British junior finance minister John Glen said on Monday.

Global regulators to work on test bed for fintechs

LONDON (Reuters) - Regulators from across the world start work this week on a blueprint for a global "sandbox" or testing bed for new financial technology applications, Britain's Financial Conduct Authority said on Monday.

SoftBank could relist British chip designer ARM: FT

(Reuters) - SoftBank Group Corp could relist ARM Holdings, the British chip designer it bought two years ago, according to a senior executive at the Japanese conglomerate, the Financial Times reported on Monday.

Facebook shares slide after reports of data misuse

(Reuters) - Facebook Inc's shares fell 4 percent in premarket on Monday after media reports that a political consultancy that worked on President Donald Trump's campaign gained inappropriate access to data on 50 million Facebook users.

EU lawmakers to investigate alleged misuse of Facebook users' data

BRUSSELS (Reuters) - EU lawmakers will investigate whether the data of more than 50 million Facebook users has been misused, the head of European Parliament said on Monday.

More shoppers want customer service from gadgets over humans: study

(Reuters) - Most buyers prefer to be left alone as they shop in store for items like apparel and prefer to use in-store technology for customer service over personalized attention from store employees, according to a new study.

Shanghai stock exchange OKs Didi Chuxing's $1.6 billion shelf offering

(Reuters) - The Shanghai Stock Exchange has approved a 10 billion yuan ($1.58 billion) shelf offering by Chinese ride-hailing firm Didi Chuxing, the company said on Monday.