Technology News

China investigates top local social media sites in push to control content

BEIJING (Reuters) - China is investigating its top social media sites, including WeChat and Weibo, for failing to comply with cyber laws, the latest step in the country's push to secure the internet and maintain strict Communist Party control over content. President Xi Jinping has made China's "cyber sovereignty" a top priority and has also reasserted the ruling party's role in limiting and guiding online discussion....

11 Aug 8:40 AM 0 Read More...

Exclusive: Amazon in talks to offer event ticketing in U.S. - sources

NEW YORK/SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster's powerful grip on the lucrative ticketing business. If Amazon moves ahead, it would represent the latest attempt by the world's largest online retailer to use its massive customer base, tech savvy and bargaining power to s...

10 Aug 11:40 PM 0 Read More...

Amazon in talks to offer event ticketing in U.S.: sources

NEW YORK/SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster's powerful grip on the lucrative ticketing business. If Amazon moves ahead, it would represent the latest attempt by the world's largest online retailer to use its massive customer base, tech savvy and bargaining power to s...

10 Aug 9:45 PM 0 Read More...

PayPal to expand lending offering with acquisition

NEW YORK (Reuters) - Payments firm PayPal Holdings Inc (PYPL.O) has agreed to acquire online lending company Swift Financial in a bid to expand its business that provides working capital to merchants. The acquisition will allow PayPal to offer loans to the larger businesses that process payments through its platform and better provide credit to firms that are not yet users of its services, the company said on Thursd...

10 Aug 1:02 PM 0 Read More...

Microsoft Surface devices fail on reliability: Consumer Reports

SAN FRANCISCO (Reuters) - The breakage rate for Microsoft Corp’s (MSFT.O) Surface devices is significantly worse than for other manufacturers' laptops and tablets, Consumer Reports said, adding that it was removing its "recommended" designation for Surface products. The non-profit publication surveyed 90,000 tablet and laptop owners and found that an estimated 25 percent of those with Microsoft Surface devices woul...

10 Aug 12:08 PM 0 Read More...

Developers file antitrust complaint against Apple in China

BEIJING (Reuters) - A Chinese law firm has filed a complaint against Apple Inc (AAPL.O) on behalf of 28 local developers alleging the firm breached antitrust regulations. The complaint, lodged by Beijing-based Dare & Sure Law Firm, accuses Apple of charging excessive fees and removing apps from its local store without proper explanation, Lin Wei, an attorney at the firm told Reuters on Thursday. "During its loca...

10 Aug 11:29 AM 0 Read More...

U.S. payments firm Vantiv clinches $10 billion deal to buy Worldpay

LONDON (Reuters) - U.S. credit card processing company Vantiv secured a deal to buy British-based rival Worldpay for 8 billion pounds ($10.4 billion) on Wednesday in a bid to create a $29 billion global payments powerhouse. Vantiv's (VNTV.N) move, one of the biggest takeovers of a British firm since last year's Brexit vote, is part of a wave of payments company mergers as consumers move away from cash transactions to...

09 Aug 4:40 PM 0 Read More...

Greater China cyber insurance demand to soar after WannaCry attack: AIG

HONG KONG (Reuters) - Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on enquiries received after the "WannaCry ransomware" attack earlier this year, executives at American International Group Inc (AIG.N) said. The U.S. insurer saw an 87 percent jump in enquiries for cyber insurance policies in May compared to April for Greater China, including Hong Kong, as a dir...

09 Aug 12:54 PM 0 Read More...

U.S. push for freer NAFTA e-commerce meets growing resistance

MEXICO CITY (Reuters) - A U.S. proposal for Mexico and Canada to vastly raise the value of online purchases that can be imported duty-free from stores like Amazon.com (AMZN.O) and eBay (EBAY.O) is emerging as a flashpoint in an upcoming renegotiation of the NAFTA trade deal. Vulnerable industries like footwear, textiles and bricks and mortar retail in Mexico and Canada are pushing back hard against the proposal by th...

09 Aug 11:06 AM 0 Read More...

U.S. card firm Vantiv clinches $10 billion deal to buy Worldpay

LONDON (Reuters) - U.S. credit card processing company Vantiv moved closer to creating a $29 billion global payments powerhouse on Wednesday with a formal offer to buy Britain's Worldpay for 8 billion pounds ($10 billion). Although the deal was first announced on July 5, it has taken several weeks of talks to conclude, with the deadline for a formal offer extended twice as the companies haggled over governance and wa...

09 Aug 7:45 AM 0 Read More...