Technology News

Lithium processors prepare to meet demand in era of electric car

LONDON (Reuters) - Producers of processed lithium - an essential element for batteries used in electric cars - are agreeing long-term contracts with their customers to fund the investments needed to address a looming shortfall. Demand for battery-grade lithium compounds is expected to skyrocket in the next decades in tandem with soaring demand for electric cars as governments and individual consumers try to reduce th...

07 Aug 2:44 PM 0 Read More...

Netflix buys comic book publisher run by 'modern-day Stan Lee'

(Reuters) - U.S. video streaming company Netflix Inc (NFLX.O) said on Monday it bought comic book publisher Millarworld, home to titles such as "Kick-Ass" and "Kingsman," in its first ever acquisition. Millarworld, run by Scottish writer Mark Millar with his wife Lucy, will give Netflix a host of character franchises with which to develop films, TV series and children's shows. Millarworld has developed three of its f...

07 Aug 2:07 PM 0 Read More...

Hearst invests in emerging markets streaming video provider

NEW YORK (Reuters) - U.S. media company Hearst Communications Inc led a $133 million investment in iflix, the Malaysian provider of streaming video said on Monday. Other new investors included Singapore-based EDBI and clients of DBS private bank, iflix said in a statement. Existing shareholders Evolution Media, Sky PLC, Catcha Group, Liberty Global, Jungle Ventures and PLDT Inc increased their investments, it added. ...

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

SoftBank mulls Uber or Lyft investment

TOKYO (Reuters) - SoftBank Group Corp (9984.T), a prolific investor in global technology startups, reported a sharp rise in quarterly profits and said it would be interested in parking funds in ride-hailing firms Uber Technologies [UBER.UL] or Lyft Inc in the future. This is the first time Softbank has publicly indicated an interest in Uber, after having so far put funds into its rival Grab in Southeast Asia and Chin...

07 Aug 12:45 PM 0 Read More...

Tesla seeks to raise $1.5 billion to fund Model 3 production

(Reuters) - Tesla Inc (TSLA.O) said on Monday it intends to raise about $1.5 billion in a bond offering as the U.S. automaker seeks to ramp up production of its newest electric sedan, the Model 3. The debt offering comes as Tesla receives thousands of advance reservations for the Model 3, which were averaging at about 1,800 per day since the car's launch in late July. Elon Musk-led Tesla is counting on the Model 3, i...

07 Aug 10:54 AM 0 Read More...

Cyber threats prompt return of radio for ship navigation

LONDON (Reuters) - The risk of cyber attacks targeting ships' satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. Ships use GPS (Global Positioning System) and other similar devices that rely on sending and receiving satellite signals, which many experts say are vulnerable to jamming by hackers. About 90 percent of world trade...

07 Aug 9:20 AM 0 Read More...

SoftBank CEO says interested in investing in Uber, Lyft

TOKYO (Reuters) - SoftBank Group CEO Masayoshi Son said he was interested in investing in ride-hailing firms Uber Technologies and Lyft but had not made a decision. "We are interested in discussing with Uber, we are also interested in discussing with Lyft, we have not decided which way," he told reporters and analysts on Monday after the company announced its quarterly results. "Whether we decide to partner and inv...

07 Aug 9:11 AM 0 Read More...

Samsung scion Lee fights back tears as prosecutors seek 12 years' jail

SEOUL (Reuters) - Samsung Electronics Vice Chairman Jay Y. Lee fought back tears and denied wrongdoing on Monday as prosecutors sought a 12-year jail term on charges that include bribing the former president to help cement control of the South Korean tech giant. Lee, the de facto leader of one of Asia's largest conglomerates, has been in detention since February on trial for charges ranging from embezzlement to perju...

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

Toshiba may gain auditor sign-off, reducing delisting risk: media

TOKYO (Reuters) - Toshiba Corp may gain a partial endorsement from its auditor for its annual financial results after disagreements over accounting for the much of the year, Japanese media reported - a step that would lessen, but not remove, the risk of a delisting. For Toshiba, which was demoted to the second section of the Tokyo bourse this month, a loss of its status as a listed company would further complicate it...

07 Aug 7:22 AM 0 Read More...

WeWork to invest $500 million to expand in Southeast Asia, South Korea

HONG KONG (Reuters) - New York-based startup WeWork on Monday said it will invest $500 million in Southeast Asia and South Korea in its latest effort to tap growing demand for shared office space in Asia. The firm, which provides workspace for users as varied as freelancers, entrepreneurs and corporations, said it will buy Singaporean peer Spacemob for an undisclosed amount, and that it will retain Spacemob's managem...

07 Aug 5:13 AM 0 Read More...