Technology News

EU digital chief urges lawmakers to ease tough copyright stand

BRUSSELS (Reuters) - EU digital chief Andrus Ansip on Friday called EU lawmakers to tone down their tough line on copyright reforms as Europe races to agree rules which will force tech giants to share revenues with publishers, broadcasters and artists. 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. REUTE...

13 Jul 6:16 PM 0 Read More...

Amazon's cloud unit plans to sell own networking switches: The Information

(Reuters) - Amazon.com Inc’s cloud services business is considering selling its own networking switches to business customers, the Information reported on Friday. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo The devices will consist of open-source software and unbranded hardware known as “white-box” switches a...

13 Jul 6:07 PM 0 Read More...

U.S. lifts ban on suppliers selling to China's ZTE

(Reuters) - The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File PhotoThe Commerce Department removed the ban shortly after ZTE deposited $400 million in a U...

13 Jul 6:07 PM 0 Read More...

Kenya Uber to keep fares unchanged for now following drivers' strike

NAIROBI (Reuters) - Uber’s [UBER.UL] business in Kenya said on Friday it will keep its fares unchanged for now, after associations representing taxi drivers in the country signed a deal giving guidelines for better fares and working conditions. FILE PHOTO: The logo of Uber is pictured during the presentation of their new security measures in Mexico City, Mexico April 10, 2018. REUTERS/Ginnette Riquelme“As of toda...

13 Jul 3:23 PM 0 Read More...

China's Leshi sees wider first half net losses as business falters

HONG KONG (Reuters) - Embattled Chinese tech firm Leshi Internet and Technology said it expected a bigger net loss in the first six months of the year and saw the possibility of continued losses in the second half if its business operations did not improve. FILE PHOTO: The logo of Leshi Internet Information & Technology Corp is seen on its building in Beijing, China March 15, 2018. REUTERS/Stringer It estimate...

13 Jul 3:13 PM 0 Read More...

India's Infosys retains revenue forecast as seeks recovery

MUMBAI/BENGALURU (Reuters) - India’s second-biggest IT firm Infosys Ltd retained its revenue outlook for the fiscal year to March, with its chief executive upbeat about demand for the company’s services in the key markets of United States and Europe. The logo of Infosys is pictured inside the company's headquarters in Bengaluru, India, April 13, 2017. REUTERS/Abhishek N. ChinnappaBut a 3.7 percent rise in quarter...

13 Jul 2:38 PM 0 Read More...

AT&T CEO confident Time Warner deal on solid ground

(Reuters) - The U.S. Justice Department has only a remote chance of overturning AT&T Inc’s takeover of Time Warner, Chief Executive Randall Stephenson said on Friday, while warning the case could affect bidding for Twenty-First Century Fox Inc. FILE PHOTO: Smartphone with AT&T logo is seen in front of displayed Time Warner logo in this picture illustration taken June 13, 2018. REUTERS/Dado Ruvic/Illustrat...

13 Jul 1:38 PM 0 Read More...

China's ZTE sees heavy losses in first half due to U.S. penalty

HONG KONG (Reuters) - Chinese telecoms equipment group ZTE Corp (000063.SZ)(0763.HK) said on Friday it expected to record a net loss in the first half of the year due to the hefty fine it agreed in order to lift a U.S. ban on component supplies. FILE PHOTO: The logo of ZTE Corp is seen on its building in Beijing, China April 19, 2018. Picture taken April 19, 2018. REUTERS/Stringer It estimated a preliminary net los...

13 Jul 1:34 PM 0 Read More...

U.S. sanctions seen barring IT platform of insurer Lloyd's for Iran trade

LONDON (Reuters) - New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. FILE PHOTO: The Lloyd's of London building is lit by winter sun in the City of London financial district in London, Britain, February 1, 2018. REUTERS/Simon Dawson/File PhotoEuropean insurers, reinsurers, brokers ...

13 Jul 1:00 PM 0 Read More...

China must improve core technology innovation, says Xi

BEIJING (Reuters) - China must improve its core technology innovation, President Xi Jinping told a top government decision-making body on Friday, saying it was key to national security and high-quality economic development. FILE PHOTO: China's President Xi Jinping attends a signing ceremony during Shanghai Cooperation Organization (SCO) summit in Qingdao, Shandong Province, China June 10, 2018. REUTERS/Aly SongThe ...

13 Jul 11:59 AM 0 Read More...