Technology News

NBCUniversal to launch streaming service in 2020

(Reuters) - NBCUniversal, a unit of U.S. cable group Comcast Corp, said on Monday it planned to launch a streaming service in early 2020, stepping into a market dominated by Netflix Inc and Amazon.com Inc. The ad-supported service, available at no cost to NBCUniversal’s pay TV subscribers in the United States, will be led by Bonnie Hammer, currently chairman of NBCUniversal Cable Entertainment Group. An ad-free ver...

14 Jan 8:46 PM 0 Read More...

U.S. proposes to allow drone operation at night, over people

(Reuters) - The Trump administration on Monday proposed rules that would allow drones to operate over populated areas and end a requirement for special permits for night use, long-awaited actions that are expected to help speed commercial use of small unmanned aerial vehicles in the United States. The proposals, drafted by the Federal Aviation Administration of the U.S. Transportation Department, come amid concerns a...

14 Jan 8:22 PM 0 Read More...

HSBC settles forex deals worth $250 billion on blockchain in last year

LONDON (Reuters) - HSBC (HSBA.L) has settled $250 billion worth of forex trades using blockchain in the last year, it said on Monday, suggesting the heavily hyped technology is gaining traction in a sector until now hesitant to embrace it. The bank has settled over three million forex trades and made over 150,000 payments since February using blockchain, it said in a statement. HSBC would not give data on forex trad...

14 Jan 5:22 PM 0 Read More...

Exclusive: Liberty Latin America in bid to acquire Millicom - sources

NEW YORK/FRANKFURT (Reuters) - Liberty Latin America Ltd (LILA.O), a wireless and cable operator in South America and the Caribbean, has approached peer Millicom International Cellular SA (TIGOsdb.ST) with an acquisition bid, people familiar with the matter said on Monday. Liberty Latin America, which is backed by U.S. media mogul John Malone, has been in talks with Millicom, a cable and mobile telephone operator in ...

14 Jan 4:47 PM 0 Read More...

Apple supplier Dialog Semi weathers iPhone slump to hit revenue target

FRANKFURT (Reuters) - Chip designer Dialog Semiconductor said on Monday that it managed to hit its fourth-quarter revenue guidance despite a slump in iPhone sales at its main customer Apple. Shares in the Anglo-German company jumped 4 percent as investors credited the company’s resilience at a time when other Apple suppliers have slashed or missed their targets. The shares had fallen in early trade after Dialog sai...

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

India's Flipkart unit Myntra and Jabong CEO steps down

(Reuters) - The chief executive officer of Myntra and Jabong, a unit of Walmart Inc-owned Flipkart, Ananth Narayanan, has left the company to pursue external opportunities, Myntra said on Monday. Flipkart’s Amar Nagaram has been named as the head of Myntra and Jabong, the e-commerce fashion company said in a statement. Reporting by Chandini Monnappa in Bengaluru...

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

India's electric vehicle goals being realized on two wheels, not four

GOVE/NEW DELHI (Reuters) - Hurt by high fuel prices, Vinod Gore, a farmer in Gove village in the western Indian state of Maharashtra, ditched his petrol scooter for an electric model, underlining how two-wheelers are driving the country’s goal of electrification of its vehicles. Gore’s electric scooter, built by Indian start-up Okinawa, runs for about 100-120 km (60-75 miles) on a single charge which costs the su...

14 Jan 6:39 AM 0 Read More...

India's top court seeks govt response on plans to snoop on citizens' computers

NEW DELHI (Reuters) - India’s Supreme Court on Monday asked the government to respond in six weeks on pleas challenging a recent home ministry order that allowed some agencies to monitor personal computers of citizens. Chief Justice of India Ranjan Gogoi issued the notice to the government against the controversial order. However, the Supreme Court has not stayed the order. Last month, the home ministry had issued...

14 Jan 6:27 AM 0 Read More...

Samsung to launch India-first smartphones to counter Chinese rivals

MUMBAI (Reuters) - Samsung (005930.KS) plans to launch a budget smartphone series in India ahead of a global release, aiming to regain ground ceded to Chinese rivals such as Xiaomi (1810.HK) in the world’s second-biggest mobile phone market. The South Korean company’s Indian market share by shipments has lagged Xiaomi’s in two of the three 2018 quarters for which data is available, according to technology resea...

13 Jan 6:38 PM 0 Read More...

German antitrust watchdog to act against Facebook: report

BERLIN (Reuters) - Germany’s antitrust watchdog plans to order Facebook to stop gathering some user data, a newspaper reported on Sunday. The Federal Cartel Office, which has been investigating Facebook since 2015, has already found that the social media giant abused its market dominance to gather data on people without their knowledge or consent. The Bild am Sonntag newspaper said the watchdog will present the U.S...

13 Jan 3:23 PM 0 Read More...