Technology News

Germany to extend electric company car tax incentives: paper

BERLIN (Reuters) - German Finance Minister Olaf Scholz plans to extend tax incentives for electric company cars, he told a newspaper on Saturday, the government’s latest attempt to boost demand for clean vehicles. Germany is trying to increase electric car sales in the wake of a diesel emissions cheating scandal that has engulfed its auto industry in the last three years. “Half of all cars sold in Germany are com...

16 Feb 4:04 PM 0 Read More...

Amazon invites Ocasio-Cortez for tour, calls worker claims untrue

WASHINGTON (Reuters) - A senior Amazon.com Inc executive on Friday disputed claims raised by Representative Alexandria Ocasio-Cortez that Amazon workers face “dehumanizing conditions” as being untrue and invited her to take a tour of company facilities. Ocasio-Cortez, a newly elected progressive Democrat who was an outspoken critic of the plans to locate Amazon’s second headquarters in a New York City neighborh...

15 Feb 11:33 PM 0 Read More...

Amazon places big bet on aspiring Tesla rival Rivian

DETROIT/SAN FRANCISCO (Reuters) - Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant’s biggest bet on technologies with potential to reshape the automotive sector. The deal represents a major endorsement of Rivian’s electric vehicle technology by the world’s largest online retailer. Amazon is hoping Rivian wi...

15 Feb 9:42 PM 0 Read More...

Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber

SANTIAGO/BUENOS AIRES (Reuters) - Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America’s fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official. Didi has moved senior executives from China to lead its expansion in markets like Chile and Peru, and began in recent weeks advertising for driver operati...

15 Feb 8:23 PM 0 Read More...

Alphabet unit seeks share of property taxes for Toronto smart city

TORONTO (Reuters) - Alphabet Inc’s Sidewalk Labs unit is proposing it get a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, according to the company’s slide presentation made public on Friday. Sidewalk Labs, which provides urban technology infrastructure, is planning a 4.9-acre smart city along Toronto’s harbor front, a project that ...

15 Feb 6:51 PM 0 Read More...

Private equity firms win over Scout24 with improved $6.4 billion bid

FRANKFURT (Reuters) - Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity. The investors said in a statement on Friday that Scout24’s management and supervisory board supported the sweetened bid of 46 euros a share. Last m...

15 Feb 6:27 PM 0 Read More...

U.S. fines Cognizant, charges 2 former top execs in India bribery case

(Reuters) - U.S. authorities on Friday announced criminal charges against two former top Cognizant Technology Solutions Corp executives for their roles in a bribery scheme in India, and said the company will pay $25 million to settle a related civil case. The U.S. Department of Justice said the former president, Gordon Coburn, and the former chief legal officer, Steven Schwartz, were charged in a 12-count indictment ...

15 Feb 5:10 PM 0 Read More...

Nvidia forecasts demand rebound, Wall Street not so sure

(Reuters) - Nvidia Corp’s forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was “aggressive” given weak demand and the ongoing U.S.-China trade war. The chip designer on Thursday forecast full-year revenue to be “flat or down slightly” from 2018, but Chief Executive Officer Jensen Huang s...

15 Feb 3:10 PM 0 Read More...

Visa, Mastercard mull increasing fees for processing transactions: WSJ

(Reuters) - Visa Inc and Mastercard Inc, the two biggest U.S. card networks, are preparing to increase certain fees levied on U.S. merchants for processing transactions that will kick in this April, the Wall Street Journal reported on Friday, citing people familiar with the matter. Some of the changes relate to so-called interchange fees, the report said. Interchange fees are what merchants pay to banks when consumer...

15 Feb 1:23 PM 0 Read More...

It's complicated, says Britain's MI6 spymaster on Huawei 5G issue

MUNICH (Reuters) - Britain should avoid relying on a monopoly provider of equipment in new 5G mobile networks, but there are no easy answers to concerns about using Chinese supplier Huawei, the chief of Britain’s foreign intelligence service said on Friday. Huawei, the world’s biggest producer of telecoms equipment, faces intense scrutiny in the West over its relationship with the Chinese government and U.S.-led ...

15 Feb 1:12 PM 0 Read More...