Technology News

Tencent results blow past forecasts on strength in games, WeChat

HONG KONG (Reuters) - Tencent Holdings Ltd (0700.HK), China's biggest gaming and social media firm by revenue, trumped forecasts to post its best-ever quarterly results, driven by higher income from smartphone games, payments and online advertising. The most valuable firm listed in Asia - which is riding a wave of success stemming from the popularity of its social-network based mobile game Honour of Kings - said its ...

16 Aug 12:43 PM 0 Read More...

Trump, in tweet, hits Amazon over taxes, jobs

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday criticized Amazon.com on Twitter over taxes and jobs and accused the global retailer, without offering evidence, of hurting U.S. localities and causing job losses. Shares of the company fell 0.3 percent to $980.00 in premarket trade after Trump's comments. Representatives for the company could not be immediately reached for comment "Amazon is doing gre...

16 Aug 12:34 PM 0 Read More...

Uber sorry for Philippines 'misunderstanding', but suspension stands

MANILA (Reuters) - The Philippine transport regulator stood by its one-month suspension of Uber Technologies Inc [UBER.UL] on Wednesday, despite its apology for a "misunderstanding" in failing to heed a directive to stop accepting new driver applications. Members of the Land Transportation Franchising and Regulatory Board (LTFRB) met an Uber executive and senators to discuss a suspension, announced on Monday, that c...

16 Aug 12:01 PM 0 Read More...

Trump, in tweet, again blasts Amazon over taxes, jobs

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday criticized Amazon.com on Twitter over taxes and jobs and accused the global retailer, without evidence, of hurting U.S. localities and causing job losses. Shares of the company fell 0.5 percent at $978.00 in premarket trade after Trump's comments. Amazon.com has said that it has more than 50,000 job openings across the United States to help fulfill cust...

16 Aug 10:44 AM 0 Read More...

Fiat Chrysler joins BMW-Intel self-driving car alliance

SAN FRANCISCO/FRANKFURT (Reuters) - Fiat Chrysler will join an alliance led by BMW to develop self-driving cars, intensifying a race by carmakers and technology companies to develop "robotaxis" which can be called up via smartphone and paid for by the minute. The market for such self-driving cabs could be worth $2 trillion by 2030, according to consultants McKinsey, as younger customers abandon car ownership in favor...

16 Aug 9:48 AM 0 Read More...

Tech companies ramp up NAFTA lobbying on eve of trade talks

WASHINGTON (Reuters) - Technology companies, such as Microsoft (MSFT.O) and Cisco Systems (CSCO.O) have ramped up lobbying ahead of talks to renegotiate the North American Free Trade Agreement, looking to avoid any future restrictions on cloud storage and to promote an international pact to eliminate technology goods tariffs. U.S., Mexican and Canadian negotiators are due to start talks on the 23-year old trade pac...

15 Aug 9:08 PM 0 Read More...

Amazon adds 'Instant Pickup' in U.S. brick-and-mortar push

BERKELEY, Calif (Reuters) - Amazon.com Inc is rolling out U.S. pickup points where shoppers can retrieve items immediately after ordering them, shortening delivery times from hours to minutes in its latest move into brick-and-mortar retail. The world's largest online retailer has launched 'Instant Pickup' points around five college campuses, such as the University of California at Berkeley, it said on Tuesday. Amazon...

15 Aug 7:06 PM 0 Read More...

Uber settles U.S. allegations over data privacy

WASHINGTON/SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] has agreed to two decades of audits after U.S. regulators found the ride-services company failed to protect the personal information of drivers and passengers and deceived the public about efforts to prevent snooping by its employees. The Federal Trade Commission on Tuesday announced a settlement with Uber that requires the San Francisco-based compa...

15 Aug 5:53 PM 0 Read More...

Uber settles U.S. allegations over privacy, security: FTC

WASHINGTON (Reuters) - U.S. regulators said on Tuesday that Uber Technologies Inc agreed to do more to protect the privacy of customer and driver data in settling allegations that the ride-hailing company had made deceptive privacy and data security claims. In its complaint, the FTC alleged Uber did not, as it claimed, monitor employee access to customer and driver data. Uber had developed a system to monitor employe...

15 Aug 3:46 PM 0 Read More...

Tech companies urge Supreme Court to boost cellphone privacy

WASHINGTON (Reuters) - More than a dozen high technology companies and the biggest wireless operator in the United States, Verizon Communications Inc (VZ.N), have called on the U.S. Supreme Court to make it harder for government officials to access individuals' sensitive cellphone data. The companies filed a 44-page brief with the court on Monday night in a high-profile dispute over whether police should have to get ...

15 Aug 3:13 PM 0 Read More...