Technology News

Facebook's damage limitation drive hits trouble in Germany

BERLIN/FRANKFURT (Reuters) - Facebook’s attempt to limit fallout from a massive data breach hit trouble in Germany on Friday as a privacy watchdog opened a case against the social network and politicians accused its bosses of evasion. FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File...

20 Apr 12:00 PM 0 Read More...

Crypto trading tumbles as investment scramble unwinds

LONDON (Reuters) - Trading activity on cryptocurrency exchanges has halved from its December peak, industry data shows, as retail interest in the virtual coins declines and the prices of many remain far below their recent highs. FILE PHOTO: A token of the virtual currency Bitcoin is seen placed on a monitor that displays binary digits in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration/Fi...

20 Apr 11:59 AM 0 Read More...

China trade body urges tighter corporate compliance after ZTE woes: document

BEIJING (Reuters) - A state-backed Chinese trade body said compliance is now a core risk for Chinese firms and that the government must speed up the implementation of guidelines on corporate oversight following a U.S. ban on sales to ZTE Corp. The logo of ZTE Corp is seen on its building in Beijing, China April 19, 2018. Picture taken April 19, 2018. REUTERS/Stringer U.S. authorities this week forbade American compa...

20 Apr 10:54 AM 0 Read More...

Japan's cryptocurrency exchanges need tighter rules: Monex CEO

TOKYO (Reuters) - Japan’s cryptocurrency exchanges should be regulated more like banks as they hold investors’ assets while offering trading platforms, the chief executive of online brokerage Monex Group Inc said. A logo of Monex Group Inc is seen at its headquarters in Tokyo, Japan, April 20, 2018. REUTERS/Toru HanaiMonex, Japan’s No.3 online brokerage, on Monday completed the 3.6 billion yen ($33.6 million) ...

20 Apr 10:23 AM 0 Read More...

Chips down: China aims to boost semiconductors as trade war looms

BEIJING (Reuters) - China has long pushed the development of top-end semiconductors as a key strategic objective. FILE PHOTO: The inside of a ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File PhotoNow, as a trade war with the United States looms, a government decision to accelerate the development of the domestic chip industry underlines how far those goals...

20 Apr 10:16 AM 0 Read More...

Daimler recalls 24,763 Mercedes-Benz cars in Russia - Russian watchdog

MOSCOW (Reuters) - Russia’s standards agency said on Friday it had been informed about the voluntary recall by German carmaker Daimler (DAIGn.DE) of 24,763 Mercedes-Benz cars sold from 2014 to 2017. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal HanschkeThe agency said the recall of the cars from a range of models was due to a possible pro...

20 Apr 10:06 AM 0 Read More...

Hamburg data protection officer opens non-compliance procedure against Facebook

BERLIN (Reuters) - Hamburg’s data protection ombudsman has opened non-compliance procedures against Facebook, which has been accused of abusing its users’ data, a spokesman for the representative said. FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File PhotoThe spokesman for the city...

20 Apr 8:55 AM 0 Read More...

Indonesia demands more answers from Facebook on data misuse

JAKARTA (Reuters) - Indonesia has given Facebook a week to provide more information on how personal data of about one million of its citizens was misused and on the steps the company is taking to prevent such breaches, the country’s communications ministry said. FILE PHOTO: The Facebook application is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File PhotoMore than 115 million Indonesians use Faceboo...

20 Apr 6:41 AM 0 Read More...

PwC had cleared Facebook's privacy practices in leak period

(Reuters) - Facebook Inc’s privacy practices were cleared by auditing firm PricewaterhouseCoopers LLP in an assessment completed last year of the period in which data analytics consultancy Cambridge Analytica gained access to the personal data of millions of Facebook users. FILE PHOTO: A 3D-printed Facebook logo is seen in front of displayed stock graph in this illustration photo, March 20, 2018. REUTERS/Dado Ruvi...

20 Apr 5:48 AM 0 Read More...

China's ZTE slams U.S. ban on sales as unfair, vows to safeguard interests

HONG KONG (Reuters) - Chinese telecom equipment maker ZTE Corp (0763.HK) said on Friday a U.S. decision to impose sanctions on the company was unfair and threatens the survival of the technology giant as it pledged to safeguard its rights through all legal means. The inside of a ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/IllustrationThe United States this week imp...

20 Apr 3:20 AM 0 Read More...