Technology News

EU seeks to expedite police requests for data from tech firms

BRUSSELS The European Union wants to make it easier for law enforcement authorities to get electronic evidence directly from tech companies, such as Facebook Inc (FB.O) and Alphabet Inc's (GOOGL.O) Google, even when stored in another European country.In the wake of the deadly Islamist-inspired attacks in Europe over the past two years, tech companies have come under increased pressure to do more to help police in...

08 Jun 5:18 PM 0 Read More...

Yahoo shareholders approve sale of core business to Verizon

Yahoo Inc (YHOO.O) shareholders on Thursday approved the company's pending sale of its core internet business to Verizon Communications Inc (VZ.N) for $4.48 billion, according to preliminary results from a shareholder meeting.Yahoo expects that the deal will close on June 13, 2017. The company also said it extended a tender offer to buy back up to $3 billion shares to June 16 from ...

08 Jun 4:44 PM 0 Read More...

Chinese exam authorities use facial recognition, drones to catch cheats

BEIJING Chinese education authorities have gone high-tech to catch cheaters as millions of high-school students take their "gaokao", the annual university entrance exam seen as key to landing a lucrative white-collar job.So high are the stakes and so competitive is the exam that some students resort to cheating. Over the years, students have used wireless cheating devices disguised as erasers, belts and watches. S...

08 Jun 9:28 AM 0 Read More...

Alibaba CFO says expects revenue growth of 45-49 percent in FY2018

BEIJING Alibaba Group Holding Ltd expects revenue growth of 45-49 percent in the 2018 fiscal year, said Chief Financial Officer Maggie Wu on Thursday during an investor conference in Hangzhou, China.That figure compared with 56 percent revenue growth posted for the 2017 fiscal year ended March 31. At the same event last year, the firm predicted 48 percent revenue growth. Alibaba la...

08 Jun 7:55 AM 0 Read More...

Amazon lent $1 billion to merchants to boost sales on its marketplace

Amazon.com Inc has stepped up lending to third-party sellers on its site who are looking to grow their business, a company executive said in an interview on Wednesday.The e-commerce giant has doled out more than $1 billion in small loans to sellers in the past 12 months, compared with more than $1.5 billion it lent from 2011 through 2015, said Peeyush Nahar, vice president for Amazon Marketplace. Sellers have use...

08 Jun 4:18 AM 0 Read More...

Amazon error sends some shoppers to dog photo, not product page

Amazon.com Inc (AMZN.O) told some shoppers on Wednesday that there was a problem when they were trying to view product listings."Sorry something went wrong on our end," Amazon said on a page some shoppers were sent to after clicking on items from its U.S. home page. A different image of a dog greeted users each time.Many shoppers took to Twitter to report the error message, which Reuters witnesses separately view...

07 Jun 10:04 PM 0 Read More...

Judge rules Uber must disclose key document in Waymo self-driving car case

SAN FRANCISCO A magistrate judge has ruled that Uber Technologies Inc [UBER.UL] must hand over a key document that could shed light on what its executives knew about alleged theft of trade secrets from Alphabet Inc's (GOOGL.O) Waymo self-driving car unit.Alphabet's Waymo claimed in a lawsuit earlier this year that former engineer Anthony Levandowski downloaded more than 14,000 confidential files before leaving to...

07 Jun 7:02 PM 0 Read More...

Exclusive: Toshiba aims to name buyer of $18 billion chips business on June 15

TOKYO/SAN FRANCISCO Toshiba Corp (6502.T) aims to name a winner for its prized semiconductor business next week, people familiar with the matter said on Wednesday, as a row with one of the bidders over the sale appeared to escalate.Sources told Reuters the choice has narrowed to one bid from U.S. chipmaker Broadcom Ltd (AVGO.O) and U.S. tech fund Silver Lake and another from Toshiba chip partner Western Digital C...

07 Jun 5:37 PM 0 Read More...

Exclusive: Loophole allows Uber to avoid UK tax, undercut rivals

LONDON Car service Uber is using a gap in EU and UK tax rules to avoid incurring sales tax on the booking fees it charges drivers in Britain, a practice a senior politician said was unfair to competitors and defied the intent of the law.San Francisco-based Uber charges lower fares than rival ride hailing apps. In Britain, its competitors' fares include 20 percent value added tax (VAT) on booking fees, but Uber's ...

07 Jun 2:22 PM 0 Read More...

Exclusive: Apple makes iPhone screen fixes easier as states mull repair laws

SAN FRANCISCOHey Siri, where can I get my cracked iPhone screen fixed?Apple Inc(AAPL.O) customers will soon have more choices as the company looks to reduce long wait times for iPhone repairs at its retail stores.By the end of 2017, Apple will to put its proprietary machines for mending cracked iPhone glass in about 400 authorized third-party repair centers in 25 countries, company executives told Reuters. Among ...

07 Jun 5:45 AM 0 Read More...