Technology News

Vietnam urges Facebook to open office ahead of controversial cyber law

HANOI (Reuters) - Vietnam has asked Facebook to open a local office as the Communist-ruled country increases pressure on global technology firms to abide by a controversial cyber security law. Critics of the law, which takes effect on Jan. 1, 2019, say it gives Hanoi more power to crack down on dissent because it would require Facebook, Google and other global technology firms to store locally personal data on users ...

14 Sep 9:13 AM 0 Read More...

U.S. sanctions Russian, Chinese tech firms over funds for North Korea

WASHINGTON/SEOUL (Reuters) - The United States on Thursday imposed sanctions on a China-based tech firm, its North Korean CEO and a Russian subsidiary, accusing them of moving illicit funding to North Korea in violation of U.S. sanctions. The new sanctions target China-based Yanbian Silverstar Network Technology Co, its North Korean chief executive Jong Song Hwa, and a Russian-based sister company, Volasys Silver Sta...

14 Sep 3:22 AM 0 Read More...

Amazon's Bezos says Trump should be 'glad' of media scrutiny

WASHINGTON (Reuters) - Amazon.com Inc (AMZN.O) Chief Executive Jeff Bezos said on Thursday the company would announce a decision on where it will build a second headquarters before the end of the year, and also said that President Donald Trump is wrong to “attack the media.” Bezos privately owns the Washington Post, which has been among the media that have been the frequent target of broadsides from Trump. Slides...

14 Sep 2:42 AM 0 Read More...

Amazon CEO says 'HQ2' decision will be announced before end of year

WASHINGTON (Reuters) - Amazon.com Inc chief executive Jeff Bezos said on Thursday that the company would announce a decision on where it would build a second headquarters before the end of the year. Amazon previously announced 20 finalists in North America for its planned investment of $5 billion and 50,000 jobs. At a speech before the Economic Club of Washington on Thursday, Bezos did not offer any favorites for th...

14 Sep 1:20 AM 0 Read More...

California to attend Justice Department meeting on social media

WASHINGTON (Reuters) - California will join other states participating in a meeting organized by the U.S. Justice Department to discuss concerns about conservative voices being stifled on social media, a spokeswoman for the state’s attorney general said on Thursday. The Justice Department invited officials from California Attorney General Xavier Becerra’s office to the Sept. 25 meeting after Becerra reached out t...

13 Sep 9:36 PM 0 Read More...

Older iPhones may lose dongles, move to hurt chip supplier Cirrus: Barclays

(Reuters) - Apple Inc’s older iPhones would no longer include lightning-to-headphone jack adapters, the company’s website showed on Thursday, which according to Barclays would hurt audio chip supplier Cirrus Logic. Shares of Cirrus, which makes analog chips used in Apple devices, fell 3.8 percent to $39.46. In fiscal 2018, Apple accounted for about 81 percent of Cirrus total sales. Cirrus did not immediately res...

13 Sep 7:44 PM 0 Read More...

Walmart's Jet.com to offer Nike products in bid for urban consumers

NEW YORK (Reuters) - Walmart’s Jet.com said on Thursday it will sell Nike Inc products and offer more delivery options, beginning in its top market of New York City, in a bid to sharpen its aim for affluent, urban consumers and better compete with e-commerce rivals like Amazon.com Inc. Walmart Inc acquired Jet for $3.3 billion in August 2016, a deal that was widely considered a watershed moment for its then-struggl...

13 Sep 7:25 PM 0 Read More...

U.S. lawmakers ask Google if it will rejoin Chinese market

WASHINGTON (Reuters) - A bipartisan group of U.S. lawmakers on Thursday asked Alphabet Inc’s Google if it will reenter the Chinese search engine market and if it would comply with China’s internet censorship policies upon its return. Sixteen members of the U.S. House of Representatives, including some liberal Democrats and conservative Republicans, said in a letter they had “serious concerns” about the potent...

13 Sep 7:13 PM 0 Read More...

Spotify attracts eyes as well as ears with video ads

COLOGNE, Germany (Reuters) - Spotify is increasingly attracting viewers as well as listeners to its free music streaming service and is finding new ways to target adverts and podcasts at customers, its head of global advertising sales told Reuters. The Swedish company, which has risen 39 percent in value since it floated in New York in April, is seeing growth in video outpace audio ads and is broadening its audience ...

13 Sep 5:18 PM 0 Read More...

Trump's antitrust enforcer considers shifting up a gear

WASHINGTON (Reuters) - The chairman of the Federal Trade Commission, which stops mergers it believes will push up prices, signaled Thursday he was willing to consider tougher enforcement, a move that could affect high profile big tech companies but also energy producers, drug makers and a big swath of the U.S. economy. Joseph Simons, who was nominated by President Donald Trump to head the FTC in October 2017 and bega...

13 Sep 5:06 PM 0 Read More...