Technology News

Amazon workers strike in Germany, joining action in Spain and Poland

FRANKFURT (Reuters) - Thousands of workers will walk off the job on Tuesday at Amazon warehouses in Germany to demand better working conditions, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion. FILE PHOTO: A view of the new Amazon logistic center with the company's logo in Dortmund, Germany November 14, 2017. REUTERS/Thilo SchmuelgenThe Verdi services union called t...

17 Jul 1:32 AM 0 Read More...

Ex-Apple employee pleads not guilty in trade secret case

(Reuters) - A former Apple Inc employee pleaded not guilty on Monday after federal prosecutors filed an indictment accusing him of stealing trade secrets. Federal officials on July 12 indicted Xiaolang Zhang on a single count of trade secret theft, alleging that Zhang had stolen a 25-page blueprint for a circuit board designed to be used in an autonomous vehicle, according to the indictment filed in U.S. District Cou...

17 Jul 1:06 AM 0 Read More...

Communist-run Cuba starts rolling out internet on mobile phones

HAVANA (Reuters) - Communist-run Cuba has started providing internet on the mobile phones of select users as it aims to roll out the service nationwide by year-end, in a further step toward opening one of the Western Hemisphere’s least connected countries. A woman uses the internet on her mobile phone at a hotspot in Havana, Cuba, July 10, 2018. REUTERS/Stringer Journalists at state-run news outlets were among the ...

17 Jul 12:52 AM 0 Read More...

Amazon suffers glitch during summer marketing event

(Reuters) - Amazon.com Inc (AMZN.O) on Monday said it was working to fix a technical issue that had prevented some shoppers from placing orders during the company’s summer marketing event, Prime Day. The company’s shares were down more than 1 percent in after-hours trading. In a statement, the world’s largest online retailer said many shoppers were ordering items successfully despite the glitch. Reporting by Je...

16 Jul 10:09 PM 0 Read More...

Netflix shares tank after big miss on subscriber growth

(Reuters) - Netflix Inc’s subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the company’s expansion is slowing. The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy NicholsonThe company added 5.2 million customers from April through June, 1 million fewer tha...

16 Jul 10:02 PM 0 Read More...

BitPay granted virtual currency license by NY regulator

NEW YORK (Reuters) - The New York Department of Financial Services (DFS) said on Monday it had granted a virtual currency license to bitcoin payments processor BitPay. A woman explains how bitpay, a company designed to help companies use virtual currency, to an attendee during the "Inside Bitcoins: The Future of Virtual Currency Conference" in New York April 8, 2014. REUTERS/Lucas Jackson BitPay, which was founded i...

16 Jul 9:00 PM 0 Read More...

Netflix subscriber growth misses estimates

(Reuters) - Netflix Inc missed Wall Street forecasts for U.S. and international subscribers, saying it had overestimated the pace of new additions for April through June but remained confident in long-term growth. FILE PHOTO: The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, California, U.S., January 18, 2017. REUTERS/Mike Blake/File PhotoThe company’s shares, which h...

16 Jul 8:09 PM 0 Read More...

BlackRock is evaluating cryptocurrencies, CEO Fink says

NEW YORK (Reuters) - BlackRock Inc (BLK.N) Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group to look at blockchain technology and cryptocurrencies such as bitcoin, but cautioned he does not see massive investor demand. FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8,...

16 Jul 3:54 PM 0 Read More...

Uber faces probe over alleged gender discrimination: WSJ

(Reuters) - Uber Technologies Inc is being investigated by the U.S. Equal Employment Opportunity Commission stemming from a complaint about gender inequity, the Wall Street Journal reported on Monday, citing people familiar with the matter. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference to announce Uber resumes ride-hailing service, in Taipei, Taiwan April 13, 2017. REUTERS/Tyrone Siu/File ...

16 Jul 3:45 PM 0 Read More...

Moment of truth for Google as record EU antitrust fine looms

BRUSSELS (Reuters) - Google is set to face a record-busting EU antitrust fine this week over its Android mobile operating system but rivals hoping that an order to halt unfair business practices will help them may be disappointed. FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection of Google logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustra...

16 Jul 3:14 PM 0 Read More...