Technology News

Canada dismisses China's warning of repercussions over Huawei ban

SHERBROOKE, Quebec (Reuters) - Canada’s government on Friday dismissed China’s warning of repercussions if Ottawa banned Huawei Technologies Co Ltd [HWT.UL] from supplying equipment to 5G networks, saying it would not compromise on security. China’s ambassador to Canada issued the threat on Thursday as relations between the two nations continued to deteriorate after a senior Huawei executive was arrested in Van...

18 Jan 3:27 PM 0 Read More...

Chinese drone maker DJI uncovers corruption, sees $150 million loss

SHANGHAI (Reuters) - China’s SZ DJI Technology Co Ltd, the world’s largest maker of consumer drones, has discovered several cases of serious corruption at the company and expects 2018 losses of more than 1 billion yuan ($150 million) as a result, it said on Friday. The company said it was investigating the cases, which came to light during routine quality control in 2018, and that it had handed a number over to t...

18 Jan 3:11 PM 0 Read More...

Daily bitcoin transactions on darknet markets doubled throughout 2018: report

NEW YORK (Reuters) - Use of bitcoin as a form of payment doubled in 2018 on darknet market sites, where users can buy anything from illegal drugs to fake IDs, even though the price of the cryptocurrency crashed, according to a study by data firm Chainalysis. Bitcoin transaction volumes on darknet markets rose throughout 2018 to an average of $2 million daily, nearly double the activity measured at the start of the ...

18 Jan 2:25 PM 0 Read More...

India's Wipro expects small rise in IT services revenue in quarter

(Reuters) - Indian software services provider Wipro Ltd on Friday forecast a small rise in revenue growth from IT services for the quarter to March after beating third quarter profit estimates. Although factors such as Brexit, rising trade war concerns and the healthcare act could create tension for firms globally, a weaker rupee has been beneficial for the Indian IT sector. “We do not see any immediate impact of ...

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

India's Wipro third-quarter profit beats estimates

(Reuters) - Indian software services provider Wipro Ltd reported a better than expected rise in third-quarter profit on Friday, and forecast slightly higher sequential revenue growth from IT services for the March quarter. Net profit rose to 25.10 billion rupees ($353 million) in the three months to Dec. 31 from 19.31 billion rupees in the same period a year earlier, the company said here That compared with analysts...

18 Jan 11:41 AM 0 Read More...

German security is important for 5G network: Interior Ministry

BERLIN (Reuters) - National security is important for the German government in deciding which companies will get access to build its next-generation mobile networks, a spokesman for the Interior Ministry said on Friday. Asked whether Berlin was mulling banning China’s Huawei Technologies from building its 5G network, the spokesman said the government was not examining whether one company should be excluded from bui...

18 Jan 11:31 AM 0 Read More...

Tencent weighing bid for holding company behind Korea's Nexon: sources

HONG KONG/SEOUL (Reuters) - Chinese gaming titan Tencent Holdings Ltd is considering a bid for the holding company that controls South Korean gaming company Nexon, two sources with knowledge of the matter told Reuters. Tencent is looking to enlist co-investors, the sources said. One of the sources also said private equity firms are studying options for a deal, including taking the listed company private. Nexon found...

18 Jan 11:25 AM 0 Read More...

Chinese drone maker DJI expects $150 million loss due to corruption: report

SHANGHAI (Reuters) - The world’s largest maker of consumer drones, China’s SZ DJI Technology Co Ltd, expects losses of more than 1 billion yuan ($150 million) for 2018 due to internal corruption, the state-run China Securities Journal said on Friday. The newspaper cited an internal company report on corruption, which said that more than 40 people at privately-held DJI had been investigated. DJI did not immediatel...

18 Jan 11:21 AM 0 Read More...

Salesforce to double presence in Ireland with 1,500 new jobs

DUBLIN (Reuters) - Salesforce.Com will more than double its workforce in Ireland by adding 1,500 jobs in what the state’s foreign investment agency said was one of the largest single job announcements in its 70-year history. The San Francisco-based cloud software maker currently employs 1,400 people in Dublin, the European hub for a number of major technology firms, and will add the new jobs over the next five year...

18 Jan 10:03 AM 0 Read More...

Strap yourself in: Netflix is about to report

Shares of Netflix (NFLX.O) up 0.2 pct on Thursday in likely calm before the storm as the streaming video company co prepares to report Q4 results after the bell ** Of S&P 500 .SPX stocks, NFLX in the past has been the second most volatile in reaction to its quarterly reports, second only to Infinera (INFN.O), according to an analysis by Bespoke Investment Group ** NFLX on avg has jumped 12 pct in the session foll...

17 Jan 11:42 PM 0 Read More...