Technology News

Cryptocurrency exchanges at risk of manipulation: report

NEW YORK (Reuters) - Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General’s office said in a report published on Tuesday. The study found that online platforms where virtual currencies such as bitcoin can be bought and sold by individuals operate with lower safeguards than traditional financi...

18 Sep 7:28 PM 0 Read More...

U.S. senators seek 'painful' punishment if China's ZTE violates deal

WASHINGTON (Reuters) - Republican and Democratic U.S. senators introduced a bill on Tuesday that would reimpose sanctions on China’s ZTE Corp (0763.HK) (000063.SZ) if it does not fully comply with U.S. laws and an agreement with the Trump administration that ended stiff restrictions on the telecommunications equipment company. President Donald Trump angered many members of Congress, including some of his fellow Rep...

18 Sep 7:04 PM 0 Read More...

DOJ requests documents related to Musk statement on taking Tesla private

(Reuters) - Tesla Inc said on Tuesday it received a request for documents from the U.S. Department of Justice over Chief Executive Elon Musk’s public statements in August about taking the electric carmaker private. “We have not received a subpoena, a request for testimony, or any other formal process,” a Tesla spokesman said in an emailed response to Reuters questions about an investigation. “We respect the D...

18 Sep 7:00 PM 0 Read More...

Ireland collects disputed Apple taxes in full ahead of appeal

DUBLIN (Reuters) - Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc (AAPL.O) plus interest of 1.2 billion which it will hold in an escrow fund pending its appeal against an EU tax ruling, Ireland’s finance minister said on Tuesday. The European Commission ruled in August 2016 that Apple had received unfair tax incentives. Both Apple and Dublin are appealing against the original ruling...

18 Sep 2:57 PM 0 Read More...

EU to scrap lawsuit against Ireland after Apple pays back taxes

BRUSSELS (Reuters) - EU antitrust regulators plan to drop legal action against Ireland after iPhone maker Apple (AAPL.O) paid 13.1 billion euros ($15.3 billion) in back taxes following a regulatory order two years ago, the European Commission said on Tuesday. European Competition Commissioner Margrethe Vestager sued Ireland last year for failing to recover the record amount. “In light of the full payment by Apple o...

18 Sep 2:45 PM 0 Read More...

Apple CEO says optimistic on U.S.-China trade talks

(Reuters) - Apple Inc Chief Executive Tim Cook, whose products have been spared from new U.S. tariffs imposed on Chinese goods, said on Tuesday he was optimistic that the United States and China will eventually work through their trade differences. “I’m optimistic because trade is one of those things where it’s not a zero-sum game,” Cook told ABC News’ “Good Morning America” program on Tuesday. “W...

18 Sep 1:56 PM 0 Read More...

Ireland collects 14.3 billion euros from Apple ahead of tax appeal

DUBLIN (Reuters) - Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc (AAPL.O) plus interest of 1.2 billion which it will hold in a escrow fund pending its appeal against an EU tax ruling, Ireland’s finance minister said on Tuesday. The European Commission ruled in August 2016 that Apple had received unfair tax incentives. Both Apple and Dublin are appealing against the original ruling,...

18 Sep 12:52 PM 0 Read More...

Renault-Nissan adopts Android in coup for Google

PARIS (Reuters) - The Renault-Nissan-Mitsubishi carmaking alliance said on Tuesday it will adopt Alphabet’s Google Android operating system, handing a victory to the U.S. tech giant as it pushes for a bigger share of the infotainment market. Renault, Nissan and Mitsubishi, with combined sales of 10.6 million vehicles last year, said future models will “integrate Google applications and services” including Maps ...

18 Sep 12:22 PM 0 Read More...

Startup headed by Intel's ex-president releases first chips

(Reuters) - Ampere Computing, the startup headed by Intel Corp’s former president Renee James, on Tuesday said it released its first data center chips derived from the same underlying technology as mobile phone chips. Ampere said the new chips, which cost $550 to $850, have been selected by Lenovo Group Ltd and several other companies that make servers, which power Internet-based services. The server chip market is...

18 Sep 12:02 PM 0 Read More...

U.S. tech giants eye AI key to unlock China push

SHANGHAI (Reuters) - U.S. technology giants, facing tighter content rules in China and the threat of a trade war, are targeting an easier way into the world’s second largest economy - artificial intelligence. Google (GOOGL.O), Microsoft Inc (MSFT.O) and Amazon Inc (AMZN.O) showcased their AI wares at a state-backed forum held in Shanghai this week against the backdrop of Beijing’s plans to build a $400 billion ...

18 Sep 10:52 AM 0 Read More...