ZURICH (Reuters) - Logitech (LOGN.S) Chief Executive Bracken Darrell said large acquisitions were unlikely as the maker of gaming keyboards and wireless speakers forecast sales growth would slow next year. FILE PHOTO: Chief Executive Bracken Darrell of the computer peripherals maker Logitech address...
NEW YORK (Reuters) - The World Economic Forum has led the creation of an industry consortium focused on improving the cybersecurity of financial technology companies, as collaboration between fintechs and financial institutions grows. FILE PHOTO: A logo of the World Economic Forum (WEF) is seen as p...
SHANGHAI (Reuters) - China’s efforts to attract overseas-listed tech giants have revived long-dormant investor interest in technology shares, chipping away at the allure of blue-chips along the way. China may allow its offshore-listed tech giants to sell a form of shares on the mainland, or Ch...
(Reuters) - A consortium led by Citigroup Inc (C.N), Zurich Insurance Group AG (ZURN.S) and Depository Trust & Clearing Corp (DTCC) will develop a set of cyber security standards that fintech companies can sign up to, the Financial Times reported on Tuesday. FILE PHOTO - The Citigroup Inc (Citi)...
(Reuters) - Facebook Inc hired the former head of BuzzFeed Studios to lead its global video content and a former Pinterest executive as in charge of its video content platform Facebook Watch, they said in separate social media posts on Monday. A Facebook sign is displayed at the Conservative Politic...
MEXICO CITY (Reuters) - Mexico’s telecommunications regulator on Monday said it approved a plan to separate part of American Movil’s fixed-line units into different entities, while the company said it will begin the process but plans to challenge the move in court. FILE PHOTO: The logo o...
(Reuters) - Influential proxy advisory firm Glass Lewis said Tesla Inc (TSLA.O) shareholders should vote against a proposal to grant Chief Executive Officer Elon Musk performance-based stock options worth about $2.62 billion. FILE PHOTO: SpaceX founder Elon Musk smiles at a press conference followin...
WASHINGTON (Reuters) - Major automakers on Monday joined forces with tech companies and a variety of interest groups to urge the U.S. Senate to take up, before the end of May, a stalled bill aimed at speeding the deployment and testing of self-driving cars. In a letter to U.S. Senate leaders that wa...
LONDON (Reuters) - Automaker BMW is working with a London-based start-up to use transaction-recording technology blockchain to prove batteries for its electric vehicles will contain only clean cobalt, the start-up’s CEO said. FILE PHOTO: The BMW booth displays the company logo at the North Ame...
SAN FRANCISCO (Reuters) - Microsoft Corp on Monday said it will soon make it possible for government clients to run its cloud technology on their own servers as part of a concerted effort to make Azure more appealing to local and federal agencies. FILE PHOTO: A Microsoft logo is seen in Los Angeles,...
(Reuters) - Amazon.com Inc (AMZN.O) is in talks to create a checking-account-like product with big banks such as JPMorgan Chase & Co (JPM.N), the Wall Street Journal reported, citing people familiar with the matter. FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo...
SINGAPORE (Reuters) - Home-booking company Airbnb is willing to make some concessions on short-term rentals in Singapore in an attempt to appease concerns of the government, a top executive said on Monday. FILE PHOTO: Airbnb head of global policy and public affairs Chris Lehane speaks to Reuters in ...
HONG KONG (Reuters) - China may allow its offshore-listed tech giants to sell a form of shares on the mainland, people with knowledge of the plan said, in a move that would pit Shanghai and Shenzhen against Hong Kong in the battle to host the country’s tech giants. While China is home to some ...
LONDON (Reuters) - The European Union’s executive will propose a draft law on crowdfunding and forge common blockchain technology standards to help a European financial technology sector grow, an EU document showed on Monday. The bloc’s executive European Commission is due to publish its...
STOCKHOLM (Reuters) - Nordic telecom group Telia on Monday said it had sold its stake in Azerbaijan mobile operator Azercell, which it co-owns with Turkcell, part of a shift to focus on its main markets in Nordic and Baltic countries. FILE PHOTO: A flag flutters at the Telia telecommunication compan...
HONG KONG (Reuters) - China aims to get its home-grown, overseas-listed companies to float on the domestic exchanges through the depositary receipts route, people with knowledge of the matter said, in a plan that would pit Shanghai and Shenzhen against Hong Kong in the battle to host China’s t...
SEOUL (Reuters) - Kakao Corp, South Korea’s largest messaging app operator, said on Monday it is planning to establish a unit focusing on blockchain technology. Plans for the unit, set to be established this month, include a potential so-called reverse initial coin offering where an establishe...
PARIS (Reuters) - U.S. e-commerce giant Amazon (AMZN.O) aims to launch its grocery delivery service in France as part of global ambitions to expand in food retail, though the move is not imminent, its general manager for France said in a newspaper interview. The Amazon logo is seen at the Young Entr...
PARIS (Reuters) - The European Union this month will unveil plans to tax large global tech companies’ revenue at a rate in the 2-to-6-percent range, though more likely closer to 2 than to 6 percent, French Finance Minister Bruno Le Maire said in a newspaper interview. FILE PHOTO: The Amazon lo...
FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) sports car maker Porsche could develop a flying passenger vehicle to compete with rivals in a possible market for urban air taxis and ride-sharing services, Porsche sales chief Detlev von Platen told a German magazine. An employee of German car ma...
FRANKFURT (Reuters) - Dialog Semiconductor (DLGS.DE) expects Apple (AAPL.O), its top customer, to use its chips for a significant proportion of its devices in 2019 and 2020, Chief Executive Jalal Bagherli told a German newspaper. FILE PHOTO: Dialog semiconductor logo is pictured at a company buildin...
WASHINGTON (Reuters) - Singapore-based chipmaker Broadcom Ltd, which is seeking to buy rival Qualcomm Inc, plans to complete its move back to the United States by mid-May, according to sources familiar with the matter. FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Ra...
NEW YORK/TORONTO (Reuters) - Equifax Inc (EFX.N) said it expects costs related to its massive 2017 data breach to surge by $275 million this year, suggesting the incident at the credit reporting bureau could turn out to be the most costly hack in corporate history. FILE PHOTO: Credit reporting compa...
BRUSSELS (Reuters) - EU countries and lawmakers have struck a deal to free up radio frequencies for next-generation 5G services that will be valid for 20 years, as the bloc tries to catch up with the United States and China in rolling out internet-connected products. Telecoms lobbying group ETNO, wh...
WASHINGTON (Reuters) - Republican and Democratic lawmakers have reached agreement to allow for the sale of spectrum to speed up the introduction of next-generation 5G wireless networks, congressional leaders said on Friday. FILE PHOTO: Chairman Ajit Pai speaks ahead of the vote on the repeal of so c...
NEW YORK (Reuters) - Equifax Inc (EFX.N) said on Friday it expects $275 million in costs in 2018 related to the credit reporting company’s massive data breach last year, offset by $75 million in insurance proceeds. FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are picture...
(Reuters) - Hedge fund manager Darwin Deason filed a new lawsuit against Xerox Corp (XRX.N) on Friday after it refused to allow him to make nominations to its board after a deadline, the latest blows in a row over its proposed merger with Fujifilm Holdings Corp (4901.T). FILE PHOTO: The logo of Xero...
NEW YORK (Reuters) - Equifax Inc (EFX.N) said on Friday it expects $275 million in costs in 2018 related to the credit reporting company’s massive data breach last year, offset by $75 million in insurance proceeds. FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are picture...
FRANKFURT (Reuters) - Ride-hailing firm Uber [UBER.UL] said it has withdrawn an appeal lodged with Germany’s high court to have its UberPOP service reinstated as part of a broader strategy shift to work with drivers licensed to carry paying passengers. The Uber logo is seen on a screen in Sing...
(Reuters) - JD.com Inc, China’s second largest e-commerce firm, saw its stock plunge in pre-market trade on Friday as quarterly profit was hit by competitive pressure and heavy investments during its top earnings season. FILE PHOTO: A logo of JD.com is seen on a helmet of a delivery man in Bei...
