Technology News

In coup for Google, Renault-Nissan embraces Android infotainment

PARIS (Reuters) - The Renault-Nissan-Mitsubishi carmaking alliance said on Tuesday it will use Alphabet’s Google Android operating system in future vehicles - handing a victory to the U.S. tech giant which seeks to carve out a bigger share of the infotainment market. Renault, Nissan and Mitsubishi, with combined sales of 10.6 million vehicles last year, said they will “integrate Google applications and services...

18 Sep 10:43 AM 0 Read More...

Alibaba's Jack Ma says U.S.-China trade friction could last 20 years

SHANGHAI (Reuters) - Alibaba (BABA.N) chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be “a mess” for all parties involved, citing weak trade rules. Ma was speaking at an Alibaba investor conference hours after Washington said it would impose duties on an extra $200 billion worth of Chinese imports, drawing a warning from Beijing ...

18 Sep 10:32 AM 0 Read More...

TomTom shares crash as carmakers opt for Google Maps

AMSTERDAM (Reuters) - Shares in Dutch digital mapping company TomTom lost over a quarter of their value on Tuesday, as carmakers Renault, Nissan and Mitshubishi announced a partnership with rival Google. TomTom shares were down 26.3 percent at 6.28 euros at 0935 GMT, which put them on track for their worst day in seven years, wiping off around 500 million euros ($584 million) in market value. Renault, Nissan and Mits...

18 Sep 10:01 AM 0 Read More...

South African fintech JUMO to expand in Asia with Goldman Sachs backing

JOHANNESBURG (Reuters) - South Africa-based financial technology firm JUMO plans to expand in high-growth Asian markets after securing the backing of Goldman Sachs (GS.N) in an equity funding round, the company’s chief executive said. Since its founding in 2014, JUMO, which helps individuals and small businesses access savings and credit products through their mobile devices, has mainly focused on Africa where the ...

18 Sep 9:16 AM 0 Read More...

China central bank warns investors of ICOs and virtual currency risks

BEIJING (Reuters) - China’s central bank Shanghai Head Office said on Tuesday investors should increase risk awareness for initial coin offerings (ICOs) and virtual currency investment and not blindly speculate in the market. China has taken a string of steps to clamp down on the crypto-currency market, including closing exchanges and banning ICOs in an aim to diffuse online financial risks. Reporting by Beijing Mo...

18 Sep 6:15 AM 0 Read More...

IKEA's services platform TaskRabbit expands to Canada

STOCKHOLM (Reuters) - Small jobs online platform TaskRabbit, which was bought last year by the word’s biggest furniture retailer IKEA Group, said on Tuesday it was expanding into Canada, its third market after the United States and Britain. TaskRabbit, whose platform connects people with freelance handymen and other workers for tasks such as minor home repairs, deliveries and IKEA furniture assembly, said it was l...

18 Sep 5:47 AM 0 Read More...

India's Ola forays into New Zealand in latest overseas push

(Reuters) - Indian ride-hailing platform Ola said on Tuesday it plans to launch operations in New Zealand, and expand its overseas rivalry with U.S.-based peer Uber Technologies Inc. The Indian start-up founded in 2011, which is backed by Japan’s SoftBank Group, first expanded its international operations with a foray into Australia and the United Kingdom earlier this year. Brian Dewil has been appointed as coun...

18 Sep 5:11 AM 0 Read More...

Japan fashion guru Maezawa lands first SpaceX moon flight

HAWTHORNE, Calif. (Reuters) - SpaceX, Elon Musk’s space transportation company, on Monday named its first private passenger on a voyage around the moon as Japanese billionaire Yusaku Maezawa, the founder and chief executive of online fashion retailer Zozo. A former drummer in a punk band, Maezawa’s moon flight is tentatively planned for 2023 aboard SpaceX’s forthcoming Big Falcon Rocket spaceship, taking the ...

18 Sep 4:21 AM 0 Read More...

Audi launches electric SUV in Tesla's backyard, with assist from Amazon

SAN FRANCISCO (Reuters) - German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc (TSLA.O), and highlighted a deal with Amazon.com Inc (AMZN.O) to make recharging its forthcoming e-tron models easier. The Audi e-tron midsize SUV will be offered in the United States next year at a starting price of $75,795 before a $7,500 tax credit. ...

18 Sep 4:13 AM 0 Read More...

SpaceX's first private passenger is Japanese fashion magnate Maezawa

HAWTHORNE, Calif. (Reuters) - SpaceX, Elon Musk’s space transportation company, on Monday named its first private passenger as Japanese businessman Yusaku Maezawa, the founder and chief executive of online fashion retailer Zozo. A former drummer in a punk band, billionaire Maezawa will take a trip around the moon planned for 2023 aboard its forthcoming Big Falcon Rocket spaceship, taking the race to commercialize...

18 Sep 2:32 AM 0 Read More...