Technology News

Papal Swiss Guard keep cool heads with 3-D helmets

VATICAN CITY (Reuters) - The Vatican’s Swiss Guard, the colorfully dressed mini-army that helps protect the pope, will have cooler heads now they have swapped their ancient metal helmets for ones made by 3-D printers. The new helmets, made of a thermoplastic, were distributed to the corps on Tuesday, the 513th anniversary of their foundation as a mercenary force in 1506, the Vatican said. They are nearly identical ...

22 Jan 2:42 PM 0 Read More...

Keep humans in good jobs in the robot era, ILO commission urges

GENEVA (Reuters) - Governments must ensure the global economy keeps providing decent jobs - and not just for robots, a global commission set up by the International Labour Organization said on Tuesday. The “Global Commission on the Future of Work”, co-chaired by South African President Cyril Ramaphosa and Swedish Prime Minister Stefan Lofven, said in a report that governments, employers and unions needed to adapt...

22 Jan 2:36 PM 0 Read More...

Elliott urges eBay to restructure business to double market value

(Reuters) - Hedge fund Elliott Management Corp sparked a 12 percent surge in shares of eBay Inc (EBAY.O) on Tuesday by urging it to sell or separate off two of its businesses, arguing the e-commerce pioneer could double its market value within two years. EBay shares, which lost a quarter of their value in 2018, rose 12.2 percent to $34.78 before the bell and were on course for their best performance in a year in resp...

22 Jan 2:23 PM 0 Read More...

TomTom at a crossroads after $1 billion sale of Telematics unit

AMSTERDAM (Reuters) - TomTom will remain independent and grow its core digital maps business, its CEO said on Tuesday after the company agreed to sell its fleet management business to Japan’s Bridgestone for 910 million euros ($1 billion). Amsterdam-based TomTom faces a turning point after Google broke into the market to supply maps to carmakers last year, striking deals with Renault and Volvo and upsetting a duopo...

22 Jan 1:27 PM 0 Read More...

Huawei to seek swift resolution for detained executive

DAVOS, Switzerland (Reuters) - China’s Huawei Technologies will call for a quick resolution of the case regarding its detained executive in Canada who is accused of violating U.S. sanctions on Iran, the company’s chairman, Liang Hua, said on Tuesday. Liang, who was appointed acting chief financial officer of Huawei in December following the arrest of the company’s CFO at the request of the United States, was ...

22 Jan 1:22 PM 0 Read More...

Israeli deep-learning startup Hailo raises $21 million

TEL AVIV (Reuters) - Israeli startup Hailo, which developed a microprocessor for deep learning, said on Tuesday it has expanded its early-stage funding round to $21 million. Chinese venture capital firm Glory Ventures led the investment-round expansion and was joined by existing and other new investors. The investment will enable the company to expand its target markets into China and Hong Kong, complementing its ex...

22 Jan 1:04 PM 0 Read More...

Huawei chairman says foreign officials welcome to see its labs

DAVOS, Switzerland (Reuters) - Huawei Chairman Liang Hua said on Tuesday the company would allow foreign officials to visit its labs, as the Chinese company faces suspicion from Western countries that its telecoms equipment could be used for espionage. Liang told reporters at the World Economic Forum in Davos that Huawei followed the laws of countries where it operates. If requested, it was ready to welcome foreign o...

22 Jan 12:46 PM 0 Read More...

Amazon.com starts direct sales of merchandise in Brazil after delays

SAO PAULO (Reuters) - Amazon.com Inc is launching its long-awaited in-house fulfillment and delivery network in Brazil after months of delays caused by complicated logistics and a highly complex tax system in the largest Latin American economy. Amazon, which some rivals had expected to kick off direct sales of items beyond books as soon as the Christmas selling season, said it will directly sell 11 categories of merc...

22 Jan 12:34 PM 0 Read More...

Exclusive: Tesla holds battery supply talks with China's Lishen

BEIJING (Reuters) - U.S. electric vehicle (EV) maker Tesla Inc (TSLA.O) has held talks with China’s Tianjin Lishen to supply batteries for its new Shanghai factory, and two people with direct knowledge of the matter said the pair signed a preliminary agreement. The companies have yet to decide how large an order Tesla would place, and Lishen is still working out what battery cell size Tesla would require, one of th...

22 Jan 10:36 AM 0 Read More...

Foxconn says trying to hire 50,000 people in first quarter after job cut reports

TAIPEI (Reuters) - Taiwan’s Foxconn (2317.TW), assembler of Apple Inc’s (AAPL.O) iPhones, on Tuesday said it was trying to recruit for more than 50,000 positions across its China campuses for the January-March quarter, amid reports of mass lay-offs. The world’s largest contract manufacturer, formally known as Hon Hai Precision Industry Co Ltd, said in a stock exchange filing that changes in employee numbers wer...

22 Jan 9:11 AM 0 Read More...