The logo of German manufacturer BMW is seen at a 1957 BMW 503 Coupe Serie 1 car during a preview of an auction by Swiss Oldtimer Galerie International in Zurich, Switzerland June 10, 2016. Reuters/Arnd Wiegmann BMW (BMWG.DE) is teaming up with Intel (INTC.O) and Mobileye (MBLY.N) to develop new tech...
ING planning Europe-wide website as one-stop shop for customers
People stand near the logo of ING Group NV at a branch office in Amsterdam January 9, 2014. Reuters/Toussaint Kluiters/United Photos ING Group (ING.AS) is working on a Europe-wide platform enabling customers to handle all their bank accounts, including money transfers, in one place, in response to u...
Germany boosts funds for faster internet to 4 billion euros
Germany will make an additional 1.3 billion ($1.45 billion) euros in funding available to expand broadband internet access to poorly-connected regions, the Transport and Digital Infrastructure Ministry said on Friday. The government announced plans last October to spend 2.7 billion euros as part of ...
China's JD.com says Brexit could boost imports of British goods
A sign of China's e-commerce company JD.com is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. Reuters/Aly Song/File Photo Chinese online retailer JD.com said on Friday that Britain leaving the European Union could make British goods cheaper to buy but it was prem...
Australia's Telstra blames year's seventh internet outage on faulty device
A man and power lines are reflected in a Telstra poster adorning a public telephone in Sydney, Australia, August 13, 2015. Reuters/David Gray Businesses in one of Australia's biggest states suffered an internet outage for more than six hours, thanks to a faulty network device, the country's No. 1 te...
How MTN sliced billions off its Nigerian telecoms fine
Telecoms firm MTN hired former U.S. Attorney General Eric Holder in January to help it reduce a $3.9 billion fine imposed in Nigeria over unregistered SIM cards. Five months later, it struck a deal to pay less than half of that. The entrance of Holder, who stood down as attorney general last year af...
China's ZTE to set up $180 million fund to invest in tech start-ups
A ZTE smartphone Grand S is displayed during a news conference in Taipei October 12, 2013. Reuters/Pichi Chuang Chinese telecom equipment maker ZTE Corp will set up a 1.2 billion yuan ($180.38 million) fund to invest in private technology, media and communication start-ups and diversify its business...
Brazil court blocks Facebook funds over WhatsApp dispute: report
An illustration photo shows the Whatsapp application logo on a mobile phone in Rio de Janeiro, Brazil, May 2, 2016. Reuters/Nacho Doce A court in Brazil on Thursday blocked 19.5 million reais ($6.07 million) in Facebook Inc funds after the U.S-based social networking company's WhatsApp messaging ser...
Oracle ordered to pay HP $3 billion in Itanium case
The Oracle logo is seen on its campus in Redwood City, California June 15, 2015. Reuters/Robert Galbraith/File Photo A California jury ordered Oracle Corp (ORCL.N) to pay Hewlett-Packard Enterprise Co (HPE.N) $3 billion in damages in a case over HP's Itanium servers, an Oracle spokeswoman said on Th...
Uber, Lyft settlement did not require either side to pay: sources
A Lyft Glowstache is seen inside a car during a photo opportunity in San Francisco, California February 3, 2016. Reuters/Stephen Lam A pitched legal battle between ride-hailing rivals Uber and Lyft, involving accusations of hacking and corporate spying, ended with a settlement this week that did not...
U.S. opens investigation into Tesla after fatal crash in Autopilot mode
New Autopilot features are demonstrated in a Tesla Model S during a Tesla event in Palo Alto, California October 14, 2015. Reuters/Beck Diefenbach The U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday it is opening a preliminary investigation into 25,000 Tesla Motors (TSLA...
Google's diversity efforts show scant progress
A woman holds her smart phone which displays the Google home page, in this picture illustration taken February 24, 2016. Reuters/Eric Gaillard/Illustration/File Photo Alphabet's Google on Thursday released data on its two-year-old initiative to create a more diverse U.S. workforce, saying it had mor...
Chipmaker Micron to cut jobs, reports drop in third-quarter sales
The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. Reuters/Kai Pfaffenbach Memory-chip maker Micron Technology Inc said it would implement a restructuring plan to lower costs by focusing on fewer projects, job cu...
Ukraine central bank flagged cyber-attack in April: memo
The headquarters of Ukrainian central bank is seen in central Kiev, Ukraine, March 10, 2016. Reuters/Valentyn Ogirenko/Files Ukraine's central bank urged lenders in April to review security procedures, saying thieves had attempted to steal money from a Ukrainian bank using fraudulent SWIFT transfers...
Hertz signs rental deals with Uber and Lyft
A Hertz rental car sign is placed outside a rental lot near Detroit Metropolitan airport in Romulus, Michigan May 9, 2011. Reuters/Rebecca Cook Hertz Global Holdings Inc said it has reached deals with the two largest U.S. ride-hailing companies, Uber Technologies Inc [UBER.UL] and Lyft Inc, to rent ...
Saudi Arabia to introduce hi-tech bracelets in haj safety push
Muslim pilgrims pray around the holy Kaaba at the Grand Mosque ahead of the annual haj pilgrimage in Mecca September 21, 2015. Reuters/Ahmad Masood Saudi Arabia will introduce electronic identification bracelets for all pilgrims to Mecca starting this year, Saudi media said on Thursday, as part of a...
Uber driver data in Kenya helps bridge credit gap
Sidian Bank has approved its first car loans to experienced Uber [UBER.UL] drivers in Kenya, using a model the ride hailing service hopes can be rolled out across countries in Africa where a lack of customer data limits lending. Getting loans is one of the main hurdles facing small businesses and in...
Qualcomm files 17 new complaints in China courts against smartphone maker Meizu
Qualcomm Inc has filed 17 fresh complaints in China against Meizu Technology Co, stepping up its battle with the Chinese smartphone maker after the two were unable to reach a licensing accord in the U.S. tech giant's biggest market. The patent infringement complaints by Qualcomm, submitted to intell...
EU regulators clear $4.5 billion Italian broadband plan
BRUSSELS - Italy gained EU regulatory approval on Thursday for its 4 billion euro ($4.5 billion) plan to bring fast-speed Internet access to areas where it currently not available. The Italian National Ultra-Broadband Scheme, which will run until the end of 2022, complies with the bloc's state aid r...
Google buys 12-year output from Norwegian wind power farm
A woman holds her smart phone which displays the Google home page, in this picture illustration taken February 24, 2016. Reuters/Eric Gaillard/Illustration/Files Google has bought the entire 12-year power production from a yet-to-be-built Norwegian wind power farm to supply its European data centers...
BMW, Intel, Mobileye team up to develop autonomous cars: source
BMW (BMWG.DE) is close to unveiling a development partnership for autonomous cars with Israeli collision detection software maker Mobileye (MBLY.N) and U.S. chip maker Intel (INTC.O), a source familiar with the matter said on Thursday. (Reporting by Edward Taylor; Editing by Georgina Prodhan)
Netflix CEO says firm continues to look into entering China
Reed Hastings, co-founder and CEO of Netflix, poses on the red carpet at the French premiere of Netflix's TV series ''Marseille'' in Marseille, France, May 4, 2016. Reuters/Jean-Paul Pelissier Netflix Inc will continue to look into the possibility of entering China, Chief Executive Reed Hastings sai...
Regulator probing Canon on $6.5 billion Toshiba unit purchase: source
Japan's anti-monopoly regulator is investigating Canon Inc (7751.T) over a possible breach of disclosure rules in the company's acquisition of Toshiba Corp's (6502.T) medical equipment unit, a source with direct knowledge of the matter said. Canon, which agreed in mid-March to buy Toshiba Medical fo...
Seagate to cut 1,600 jobs in restructuring plan
Hard-disk drive maker Seagate Technology Plc said it would cut about 1,600 jobs, or 3 percent of its workforce, as the company looks to rein in costs amid waning demand. Seagate said on Wednesday the restructuring is expected to result in total pre-tax charges of $62 million and is likely to be comp...
FCC says cost for clearing 126 megahertz of spectrum for wireless TV use $86.4 bln
The Federal Communications Commission (FCC) logo is seen in Washington, February 26, 2015. Reuters/Yuri Gripas The U.S. Federal Communications Commission said Wednesday that the cost for clearing 126 megahertz in the TV band for wireless use is $86.4 billion in the first stage of a government auctio...
Belgian privacy regulator loses case against Facebook
The Facebook logo is displayed on a computer screen in Brussels April 21, 2010. Reuters/Thierry Roge The Belgian data protection authority said on Wednesday it had lost a legal battle with Facebook in which it sought to stop the social network tracking the online activities of non-Facebook users in ...
Facebook offers limited detail on formula behind News Feed
Facebook Inc on Wednesday offered a rare glimpse into how it ranks and shows content in its News Feed, part of an effort to provide more transparency about its operations as the social network's cultural and political influence continue to grow. The disclosures, though lacking in detail, are notable...
ACLU files lawsuit over U.S. anti-hacking law
The American Civil Liberties Union said it filed a lawsuit in U.S. federal court on Wednesday challenging the constitutionality of an anti-hacking law, arguing it prevents academics and others from collecting data to investigate whether online algorithms may be discriminatory. The lawsuit claims the...
Facebook's political influence under a microscope as elections rage
A mobile phone shows a Facebook page promoting Hillary Clinton for president in 2016, in this photo illustration taken April 13, 2015. Reuters/Mike Segar As the U.S. presidential campaign heats up, Facebook Inc is going out of its way to show its neutrality - an increasingly urgent matter for the so...
Landing with a bump? Germany's Rocket falls back to earth
When German e-commerce investor Rocket Internet launched Jumia in 2012 as a would-be African Amazon, it was optimistic that a rapidly expanding middle class would quickly shift from street markets to shopping online. Four years on, falling sales for sites like Jumia and slower growth from Nigeria to...