Sony surprises with record profit as image sensor demand offsets weak gaming

Japan's Sony Corp surprised the market by reporting on Tuesday a record first-quarter operating profit despite the slowing gaming business, as strong demand for multiple-lens camera systems for smartphones boosted sales of image sensors.

'I live in constant fear' Bulgaria data breach victim says

Mariana Krasteva, a 55-year old engineer, is one of more than four million Bulgarians, whose personal data was stolen in the country's biggest-ever cyber breach, leaving her fearful of what fraudsters might do with the information.

Sony posts 18% jump in first-quarter profit on strong image sensor business

Japan's Sony Corp on Tuesday reported an 18.4% increase in first-quarter operating profit, beating market expectations thanks to a strong performance in the image sensor business.

Italy's Nexi says data of 18,000 alleged customers published

Data of 18,000 people claimed to be customers of Italian payments firm Nexi have been published on a foreign website, but no financial information was disclosed, Nexi said on Tuesday.

Taiwan issues island's first virtual bank licences

Taiwan issued its first virtual banking licences to three consortiums consisting of Taiwan and Japanese investors, its financial authorities said on Tuesday, following moves by regulators in other Asian markets to issue such licences.

Huawei's first-half revenue growth accelerates despite U.S. sanctions

China's Huawei Technologies said on Tuesday revenue in the first half of the year grew 23.2% - faster than a year ago - despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May.

SoftBank to pump second Vision Fund with proceeds from the first -source

SoftBank Group Corp plans to use proceeds from its first Vision Fund to bankroll the $38 billion it has committed to the second, a source said, in a show of unflinching confidence in its huge tech bets commanding sky-high valuations when sold.

Nintendo quarterly profit drops 10% ahead of Switch Lite launch

Japanese gaming company Nintendo Co Ltd on Tuesday reported a 10% decline in quarterly profit, far wide of market expectations, as a rise in costs dulled stronger sales of its hybrid home-portable Switch console.

Huawei's H1 revenue growth accelerates despite U.S. sanctions

China's Huawei Technologies said on Tuesday revenue in the first half of the year grew 23.2% - faster than a year ago - despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May.

Huawei outsells smartphone rivals in China, tightens market grip amid U.S. spat

China's Huawei Technologies cemented its dominance of the domestic smartphone market in the second quarter, with shipments and market share rising, as Chinese customers backed the embattled firm amid its trade fight with the United States.

Telecoms lobby demands access to high-band spectrum for 5G

The global telecoms industry on Tuesday demanded access to the high-capacity spectrum it says it needs to support data-intensive 5G services, accusing the space lobby of hogging frequencies in a way that could stunt the technology.

Sony reports 18% jump in first-quarter profit on strong image sensor business

Japan's Sony Corp on Tuesday reported an 18.4% increase in first-quarter operating profit, beating market expectations thanks to a strong performance in the image sensor business.

Huawei's China smartphone market share jumps as rivals lose ground: Canalys

Huawei Technologies [HWT.UL] extended its lead in a declining China smartphone market in the second quarter, with its market share rising to 38% as all other top vendors lost ground, according to data from market research firm Canalys.

Capital One says information of over 100 million individuals in U.S., Canada hacked

Capital One Financial Corp said on Monday that personal information including names and addresses of about 100 million individuals in the United States and 6 million people in Canada were obtained by a hacker who has been arrested.

U.S. firms see little clarity on Huawei as U.S.-China talks resume

A month after President Donald Trump said he would allow U.S. companies to resume selling to blacklisted Chinese telecommunications giant Huawei, his administration has done little to clarify what sales will be permitted.

Ex-Seattle tech worker arrested for Capital One hack - U.S. Justice Department

The U.S. Justice Department said Paige Thompson, a former Seattle technology company software engineer, was arrested on Monday on a criminal complaint charging computer fraud and abuse for hacking into stored data of Capital One Financial Corp .

Capital One: information of over 100 million individuals in U.S., Canada hacked

Capital One Financial Corp said on Monday personal information including names, addresses, phone numbers and credit scores of about 100 million individuals in the United States and 6 million people in Canada were obtained by a hacker who has been arrested.

China's Beijing Kunlun to revisit Grindr IPO

Chinese gaming company Beijing Kunlun Tech Co Ltd said on Monday it would revive plans for an initial public offering (IPO) of popular gay dating app Grindr Inc, after a U.S. national security panel dropped its opposition to the plan.

Automakers, Colorado reach deal on zero-emission vehicle mandate

Colorado and major automakers said on Monday they have reached a deal on the state's plan to adopt California's zero-emission vehicle (ZEV) requirements after earlier talks had ended without a deal.

Qualcomm, Tencent agree to collaborate on gaming devices, 5G

Qualcomm Inc and Tencent Holdings Ltd said on Thursday they will cooperate on projects that could include making the Chinese company's videogames play better on devices with Qualcomm chips, and create a 5G version of a Tencent-backed gaming phone.

Japanese computer parts maker pleads guilty to price-fixing, agrees to fine

A Japanese electronics part maker agreed to pay $28.5 million for its role in a price-fixing scheme, the U.S. Department of Justice said on Monday.

No Jail Time for “WannaCry Hero”

Marcus Hutchins, the “accidental hero” who helped arrest the spread of the global WannaCry ransomware outbreak in 2017, will receive no jail time for his admitted role in authoring and selling malware that helped cyberthieves steal online bank account credentials from victims, a federal ...

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Russia's Deputy PM: draft bill capping foreign stake in IT firms 'destructive'

Russia's Deputy Prime Minister Maxim Akimov on Monday called a draft law on limiting foreign ownership in major Russian information technology companies to 20% "destructive".

Uganda to start new vehicle production by June 2022

Uganda is aiming to start assembling new vehicles by June 2022, with an initial production capacity of 5,000 units per year, a top official of the state-owned Kiira Motors Corporation (KMC) told Reuters on Monday.  

Takeaway.com lands $10 billion Just Eat deal in food delivery race

Amsterdam-based Takeaway.com has agreed to buy Just Eat in an 8.2 billion pound ($10.1 billion) deal to create the world's largest online food delivery firm outside China in a race to rule the $100 billion market.

Activist investor Cat Rock calls Just Eat, Takeaway.com deal 'excellent news'

Investment firm Cat Rock on Monday lauded Amsterdam-based Takeaway.com's deal to buy Just Eat in an 8.2 billion pound ($10.05 billion) deal to create one of the world's largest online food delivery firms.

Amazon plans imminent launch of online food delivery service in India: sources

Amazon.com Inc is planning a foray into the burgeoning online food delivery business in India this year, two sources aware of the development said, in a move that could raise competition in an increasingly crowded market.

Companies using Facebook 'Like' button liable for data: EU court

Companies that embed Facebook's "Like" button on their websites allowing users' personal data to be transferred to the U.S. social network can be held liable for collecting the data, Europe's top court said on Monday.

Fintechs at the gate: online brokers target affluent Brazilians

A new breed of digital brokers is taking on the handful of Brazilian lenders such as Itau Unibanco Holding SA and Banco Bradesco SA that long had a lock on retail investors seeking a one-stop shop for banking and investments.

China's ByteDance, after Smartisan deal, says developing smartphone

Chinese social media firm ByteDance Ltd said on Monday it is developing a smartphone, following a deal it made with device maker Smartisan Technology.