Technology News

Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers

(Reuters) - The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week’s blacklisting would have made it nearly impossible for the Chinese company to service its existing customers. The Commerce Department, which had effectively halted Huawei’s ability to buy American-made parts and components, is considering issuing a temporary general license to “pr...

18 May 1:26 AM 0 Read More...

Exclusive: U.S. says it may scale back some Huawei trade restrictions

(Reuters) - The U.S. Commerce Department may soon scale back restrictions on Huawei Technologies after this week’s blacklisting made it nearly impossible for the Chinese company to purchase goods made in the United States, a department spokeswoman said on Friday. The Commerce Department may issue a temporary general license to allow time for companies and people who have Huawei equipment to maintain reliability of ...

17 May 11:27 PM 0 Read More...

Facebook breakup would be solution of last resort: EU's Vestager

PARIS (Reuters) - A break-up of U.S. social media company Facebook would be a solution of last resort that would probably generate long judicial procedures, EU Competition Commissioner Margrethe Vestager said on Friday. The EU antitrust chief was asked about Facebook at the VivaTech technology conference in Paris after leading U.S. Democratic politicians and one of Facebook’s co-founders recently spoke in favor of ...

17 May 4:32 PM 0 Read More...

Hewlett Packard Enterprise to buy supercomputer maker Cray in $1.30 billion deal

(Reuters) - Supercomputer manufacturer Cray Inc said on Friday it would be bought by Hewlett Packard Enterprise Co in a deal valued at about $1.30 billion, net of cash. The $35 per share value represents a premium of 17.4% to Cray’s last close. HPE said it expects the deal to increase its footprint in federal business and academia, and sell supercomputing products to its commercial clients. The deal, expected to c...

17 May 4:18 PM 0 Read More...

GMC trucks to deploy adaptive cruise control system

(Reuters) - Automaker General Motors Co’s truck brand GMC said on Friday its 2020 Sierra large pickup trucks will have an adaptive cruise control system, in a push to catch up with its rivals. Adaptive cruise control system allows trucks to automatically adjust speed to maintain a set distance behind the vehicle ahead. It features a single high-mounted camera behind the rear view mirror and can bring the Sierra to...

17 May 4:03 PM 0 Read More...

Amazon squares up to Uber with backing for UK food app Deliveroo

LONDON (Reuters) - Amazon has taken a stake in British online food delivery company Deliveroo, leading a $575 million fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals. The news the world’s biggest online retailer had bought into one of Europe’s fastest growing tech companies sent shockwaves through the sector, hitting shares in European rivals Just Eat, Tak...

17 May 3:48 PM 0 Read More...

Samsung Electronics says undecided on further investment in its China NAND plant

SEOUL (Reuters) - South Korea’s Samsung Electronics Co Ltd said on Friday that it has not decided on additional investment in a second memory chip production line in the Chinese city of Xian, denying a report by China’s official Xinhua news agency. Xinhua earlier on Friday had quoted the company’s vice president Ji Hyun-ki as saying that the group would spend more than $14 billion in the second phase of investm...

17 May 2:24 PM 0 Read More...

German finance minister expects OECD deal on digital tax in 2020

BRUSSELS (Reuters) - German Finance Minister Olaf Scholz said on Friday he expected the Organisation for Economic Cooperation and Development (OECD) will agree a minimum level of taxation for digital companies such as Amazon, Google and Facebook by mid-2020. He also said he expected progress by the third quarter of 2019 on introducing a financial transaction tax in at least nine EU countries. “We discussed the taxa...

17 May 12:39 PM 0 Read More...

Samsung to spend more than $14 billion in second phase of China chip plant: Xinhua

BEIJING (Reuters) - South Korean tech giant Samsung Electronics Co Ltd will spend more than $14 billion in the second phase of investment in its memory chip plant in Xian, China, China’s official Xinhua news agency reported on Friday citing a Samsung executive. Xinhua, citing Samsung Vice President Ji Hyun-ki, said the second phase of investment in the Xian plant will be completed in July this year and start produ...

17 May 11:24 AM 0 Read More...

Google, Facebook, Twitter rapped for not doing enough in EU fake news fight

BRUSSELS (Reuters) - Facebook, Google and Twitter were reprimanded by the European Commission on Friday for not doing enough to tackle fake news plaguing the election campaign to the European Parliament, seven months after promising to do more. The tech giants took a voluntary pledge last October to combat the spread of fake news, hoping to avoid more heavy-handed rules. Elections to the European Parliament will be h...

17 May 11:01 AM 0 Read More...
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