Technology News

Uber in talks to buy Dubai riding-hailing rival Careem: Bloomberg

(Reuters) - Ride-hailing company Uber Technologies Inc is in talks to buy Dubai-based rival Careem Networks FZ for about $2 billion to $2.5 billion, Bloomberg reported on Monday, citing people familiar with the matter. No final decisions have been made, and the companies may decide against the transaction, Bloomberg reported. Uber and Careem held preliminary talks in July to combine their Middle Eastern ride-hailin...

17 Sep 3:40 PM 0 Read More...

Exclusive: Bayer puts stake in chemical park operator up for sale - sources

FRANKFURT (Reuters) - Bayer is inviting financial investors to bid for its 60 percent stake in chemical park operator Currenta after initially failing to agree a sale to its former chemicals subsidiary Covestro, three people familiar with the matter told Reuters. Bayer, which is focusing on healthcare and crop protection after the takeover of U.S. seed maker Monsanto, has mandated Morgan Stanley to help with the tran...

17 Sep 1:57 PM 0 Read More...

Volkswagen group plans to build 10 million e-cars in first wave

FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) plans to build 10 million electric cars based on its new modular MEB platform, the German car maker said on Monday, as it targets the launch of worldwide mass production toward the end of 2022. VW will build 27 models for four group brands based on the MEB - or modular electrification kit - starting with the Volkswagen ID model that will begin rolling off the production li...

17 Sep 1:45 PM 0 Read More...

Saudi's PIF invests more than $1 billion in Lucid Motors

DUBAI (Reuters) - Saudi Arabia’s Public Investment Fund said on Monday it had agreed to invest more than $1 billion in Lucid Motors to produce electric vehicles. The deal will provide funding to enable the commercial launch of Lucid’s first electric vehicle, the Lucid Air, in 2020. Reporting by Tom Arnold and Maher Maher Chmaytelli; editing by Louise Heavens...

17 Sep 1:30 PM 0 Read More...

Amazon investigating claims of employees leaking data for bribes

(Reuters) - Amazon.com Inc (AMZN.O) said on Monday it was investigating suspected internal leaks of confidential information by its employees for bribes to remove fake reviews and other seller scams from its website. Amazon employees are offering internal data and other classified information through intermediaries, to independent merchants selling their products on the site to help them boost sales in return for pay...

17 Sep 12:01 PM 0 Read More...

Altaba settles cases related to 2014 Yahoo breach for $47 million

(Reuters) - Altaba Inc, formerly known as Yahoo! Inc, said here on Monday it expects to incur a total of $47 million in litigation expenses to settle the three cases for failing to disclose the 2014 cyber security breach. Yahoo’s information security team learned just days after the December 2014 breach that Russian hackers had stolen the company’s “crown jewels,” including email addresses, encrypted password...

17 Sep 11:56 AM 0 Read More...

Ukrainians relive bloodshed of Kiev's Maidan in virtual reality

KIEV (Reuters) - A volunteer medic and the man whose life he saved. A lawmaker whose Facebook post calling for protests in Kiev’s Maidan square helped bring down a president. These are some of the characters featured in a virtual reality reconstruction of the bloodiest day in the 2013/2014 street demonstrations in Ukraine, when dozens of protesters were killed in the final moments of Viktor Yanukovich’s rule. Ah...

17 Sep 11:13 AM 0 Read More...

Go-Jek aims to raise $2 billion for Southeast Asia expansion: sources

SINGAPORE/JAKARTA (Reuters) - Indonesian ride-hailing firm Go-Jek is seeking to raise about $2 billion from existing investors, including Tencent Holdings Ltd and JD.com, to fund its expansion plans in Southeast Asia, sources familiar with the matter said on Monday. Go-Jek’s fundraising comes as its main rival Singapore-based Grab is also building a war chest to transform itself into a consumer technology group and...

17 Sep 9:11 AM 0 Read More...

As its trading debut looms, China's Meituan locked in battle of super-apps

(This version of the story corrects $100 million to $100 billion in 13th paragraph) By Pei Li and Adam Jourdan BEIJING/SHANGHAI (Reuters) - Meituan Dianping, which raised $4.2 billion in its Hong Kong IPO, is one of China’s super-apps, with 340 million users ordering groceries, paying bills, renting bikes and booking hotels - but it is far from alone. The delivery-to-ticketing platform, backed by internet giant Te...

17 Sep 6:27 AM 0 Read More...

Musk says Tesla has gone from 'production hell' to 'delivery logistics hell'

(Reuters) - Tesla Inc’s (TSLA.O) Chief Executive Officer Elon Musk on Sunday acknowledged that the company was facing more logistical problems now than production delays, in response to a customer complaint on delivery delay. "Sorry, we've gone from production hell to delivery logistics hell, but this problem is far more tractable. We're making rapid progress. Should be solved shortly," Musk said in a tweet here Te...

17 Sep 2:37 AM 0 Read More...