Technology News

Chipmaker Broadcom nears $19 billion deal to buy software company CA: sources

(Reuters) - Broadcom Ltd is nearing a roughly $19 billion deal to acquire business software company CA Inc, as it seeks to diversify its technology offerings beyond semiconductors, people familiar with the matter said on Wednesday. FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd, who announced on Monday an unsolicited bid to buy peer Qualcomm Inc for $103 billion, is shown in Irvine, California, U...

11 Jul 8:48 PM 0 Read More...

China's ZTE clears hurdle to lifting U.S. ban

(Reuters) - The United States said on Wednesday that it signed an agreement with ZTE Corp (000063.SZ) that paves the way for the Chinese tech company to resume operations after a nearly three-month ban on doing business with American suppliers. FILE PHOTO: The logo of China's ZTE Corp is seen on the building of ZTE Beijing research and development center in Beijing, China June 13, 2018. REUTERS/Jason LeeThe ban on Ch...

11 Jul 8:13 PM 0 Read More...

Kenya ride hailing taxi drivers reach deal for higher fares after week of strike

NAIROBI (Reuters) - Kenya’s transport ministry and groups representing drivers working for taxi hailing firms in the East African country signed a deal on Wednesday that will give drivers higher pay and better working conditions, an official from the taxi drivers’ association said. Kenya is Uber’s second-largest market in sub-Saharan Africa, after South Africa. It competes against its global rival Taxify, which...

11 Jul 4:25 PM 0 Read More...

Facebook removes 'treason' as tag to identify users' interests

COPENHAGEN (Reuters) - Facebook (FB.O) has removed “treason” as a keyword to identify its users’ interests for advertisers, it said on Wednesday, after Danish state broadcaster DR revealed its existence. FILE PHOTO: A protester holds an European Union flag next to cardboard cutouts depicting Facebook CEO Mark Zuckerberg during a demonstration ahead of a meeting between Zuckerberg and leaders of the European Par...

11 Jul 3:45 PM 0 Read More...

Exclusive: India proposes easing local data storage rules for foreign payment firms - document

NEW DELHI (Reuters) - India’s finance ministry has proposed relaxing a directive from the country’s central bank that would compel global payment firms to store customer data only locally, following weeks of intense lobbying by U.S. companies and trade bodies. FILE PHOTO: A man checks his phone outside the Reserve Bank of India (RBI) headquarters in Mumbai, India April 5, 2018. REUTERS/Francis Mascarenhas/File P...

11 Jul 3:35 PM 0 Read More...

Alphabet to make Loon, Wing projects independent companies

(Reuters) - Google parent Alphabet Inc’s X research division said on Wednesday its Wing and Loon projects will become independent companies. Project Loon makes internet-delivery balloons, while Project Wing is a drone delivery system. Alastair Westgarth will become chief executive officer of Loon and James Ryan Burgess will be the CEO of Wing. The companies will now be part of Alphabet’s Other Bets division, whi...

11 Jul 3:28 PM 0 Read More...

Facebook faces small but symbolic UK fine over data protection breaches

LONDON (Reuters) - Britain’s information regulator slapped Facebook with a small but symbolic fine for breaches of data protection law after millions of users’ data was improperly accessed by consultancy Cambridge Analytica. The 500,000 pound ($663,850) fine is less than 10 minutes worth of revenue for the social media firm worth $590 billion, whose shares were unchanged, but is the maximum amount allowed and rep...

11 Jul 3:27 PM 0 Read More...

Exclusive: India finance minister proposes relaxing local data storage rules for payment firms

NEW DELHI (Reuters) - India’s finance ministry has proposed relaxing a directive from the country’s central bank to compel global payment firms to store customer data locally, a document seen by Reuters shows, following weeks of intense lobbying by U.S. companies and trade bodies. FILE PHOTO: A man checks his phone outside the Reserve Bank of India (RBI) headquarters in Mumbai, India April 5, 2018. REUTERS/Franc...

11 Jul 2:42 PM 0 Read More...

Facebook tests augmented reality ads on News Feed in U.S

(Reuters) - Facebook Inc said on Tuesday it is testing augmented reality advertisements on its News Feed ahead of the holiday shopping season in the United States. Figurines are seen in front of the Facebook logo in this illustration taken March 20, 2018. REUTERS/Dado RuvicThe ads will let users virtually interact with different products - from trying on Michael Kors sunglasses and accessories to visualizing furnitur...

11 Jul 2:22 PM 0 Read More...

AT&T to sell Magic Leap's augmented reality gadget in U.S.

(Reuters) - AT&T Inc has partnered with Magic Leap Inc, a secretive augmented reality startup backed by tech giants Google and Alibaba, to exclusively sell its wireless gadgets in the United States, the telecom company said on Wednesday. FILE PHOTO: The AT&T logo is seen on a monitor on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 13, 2018. REUTERS/Brendan McDermidMagic Leap sa...

11 Jul 1:41 PM 0 Read More...