Technology News

Facebook will help investigators release Russia ads, Sandberg tells Axios

WASHINGTON (Reuters) - Facebook Inc (FB.O) Chief Operating Officer Sheryl Sandberg said on Thursday the company was fully committed to helping U.S. congressional investigators publicly release Russia-backed political ads that ran during the 2016 U.S. election. “Things happened on our platform in this election that should not have happened,” Sandberg said during a interview in Washington with the Axios news websit...

12 Oct 3:25 PM 0 Read More...

Bitcoin rockets above $5,000 to all-time high

LONDON (Reuters) - Bitcoin smashed through the $5,000 barrier for the first time on Thursday, jumping as much as 8 percent on the day as investors shrugged off the latest warnings on the risks of buying into the booming cryptocurrency market. Bitcoin, the biggest and best-known cryptocurrency, has chalked up a more than fivefold increase in price this year. Typically for bitcoin, which at less than nine years old i...

12 Oct 3:07 PM 0 Read More...

LG to open Europe's biggest car battery factory next year

WARSAW (Reuters) - South Korea’s LG Chem will open Europe’s largest lithium-ion battery factory in Poland next year as the region’s auto industry gears up to mass produce electric cars. Tumbling battery prices and growing pressure to cut exhaust emissions have led carmakers to embrace electric vehicles. Manufacturers from VW Group (VOWG_p.DE) to Volvo Cars, Daimler and BMW plan to roll out a raft of new electr...

12 Oct 2:03 PM 0 Read More...

Irish court gives $1 billion Apple data center green light

DUBLIN (Reuters) - Apple may proceed to build a 850 million euro ($1 billion) data center in Ireland, the High Court ruled on Thursday, bringing relief for the government after a two-year planning delay which it feared could hurt its reputation with investors. Apple in February 2015 announced plans to build the data center in a rural location in the west of Ireland to take advantage of rich green energy sources near...

12 Oct 12:04 PM 0 Read More...

Samsung scion fights back as legal appeal begins

SEOUL (Reuters) - The heir to South Korea’s Samsung Group, convicted of bribing the country’s former president, appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption. The 49-year-old Jay Y. Lee was convicted by a lower court in August of bribing Park Geun-hye, who was dismissed as president in March. The court decided the bribe helped Lee str...

12 Oct 10:35 AM 0 Read More...

London regulator will defend decision not to renew Uber's license in court: mayor

LONDON (Reuters) - London Mayor Sadiq Khan said on Thursday that the city’s transport regulator will defend its decision in court not to renew Uber’s license to operate in the British capital. Uber has until Friday to submit its appeal and can continue to operate until the appeal process has been exhausted, which could take several months. “The courts now will consider the appeal from Uber and of course TfL (Tr...

12 Oct 9:37 AM 0 Read More...

Exclusive: Alphabet's Waymo demanded $1 billion in settlement talks with Uber - sources

SAN FRANCISCO(Reuters) - Alphabet Inc’s Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters. The Waymo self-driving car unit also asked that an independent monitor be appointed to ensure Uber does not use Waymo technology in the f...

12 Oct 7:09 AM 0 Read More...

Samsung scion's defense fights back as legal appeal begins

SEOUL (Reuters) - The heir to South Korea’s Samsung Group appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption. The 49-year-old Jay Y. Lee was convicted by a lower court in August of bribing former president Park Geun-hye to help strengthen his control of the crown jewel in the conglomerate, Samsung Electronics, one of the world’s biggest te...

12 Oct 3:55 AM 0 Read More...

Facebook pushes ad overhaul before 2018 U.S. election: executive

SAN JOSE, Calif. (Reuters) - Facebook Inc has begun overhauling how it handles political ads on its platform and may put some changes in place before U.S. elections next year, Facebook’s chief technology officer said on Wednesday. U.S. congressional and state elections set for November 2018 present a deadline of sorts for Facebook and other social media companies to get better at halting the kind of election meddl...

12 Oct 2:34 AM 0 Read More...

Joint Strike Fighter plans stolen in Australia cyber attack

SYDNEY (Reuters) - A hacker stole non-classified information about Australia’s Joint Strike Fighter program and other military hardware last year after breaching the network of a defense contractor, the defense industry minister said on Thursday. About 30 gigabytes of data was stolen in the cyber attack, including details of the Joint Strike Fighter warplane and P-8 Poseidon surveillance plane, according to a prese...

12 Oct 12:35 AM 0 Read More...