Technology News

Huawei says launches 'world's first' 5G communications hardware for autos

BEIJING (Reuters) - China’s Huawei Technologies launched on Monday what it said was the world’s first 5G communications hardware for the automotive industry, in a sign of its growing ambitions to become a key supplier to the sector for self-driving technology. Huawei said in a statement that the so-called MH5000 module is based on the Balong 5000 5G chip which it launched in January. “Based on this chip, Huawe...

22 Apr 9:28 AM 0 Read More...

Tesla investigates video of parked Model S exploding in Shanghai

SHANGHAI (Reuters) - U.S. electric vehicle (EV) maker Tesla Inc said it has sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding, the latest in a string of fire incidents involving Tesla’s cars. The video, time stamped Sunday evening and widely shared on China’s Twitter-like Weibo, shows the parked EV emit smoke and burst into flames seconds later. A video p...

22 Apr 9:20 AM 0 Read More...

Tesla investigating video of parked Model S exploding in Shanghai

SHANGHAI (Reuters) - U.S. electric vehicle (EV) maker Tesla Inc on Monday said it has sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding, the latest in a string of fire incidents involving Tesla’s cars. The video, time stamped Sunday evening and widely shared on China’s Twitter-like Weibo, shows the parked EV emit smoke and burst into flames seconds later....

22 Apr 4:34 AM 0 Read More...

Huawei first-quarter revenue grows 39 percent to $27 billion amid heightened U.S. pressure

HONG KONG (Reuters) - Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results. The Shenzhen-based firm, the world’s biggest telecoms equipment maker, also said its net profit margin was around 8 percent for the quarter, which it added was slightly higher than the same period last year. Huaw...

22 Apr 3:46 AM 0 Read More...

Samsung Electronics delays Galaxy Fold media events in China

SEOUL (Reuters) - Smartphone maker Samsung Electronics Co Ltd has postponed media events for its Galaxy Fold planned for this week in Hong Kong and Shanghai, a company official said, days after reviewers of the foldable handset reported defective samples. The official did not elaborate on reasons or rescheduling. Instead of plaudits ahead of the phone’s launch on April 26 in the United States, the South Korean cong...

22 Apr 3:40 AM 0 Read More...

Toyota establishes research institute in China to study hydrogen, green technologies

BEIJING (Reuters) - Japan’s Toyota Motor Corp said on Sunday it was setting up a research institute in Beijing in partnership with Tsinghua University to study car technology using hydrogen power and other green technologies that could ease environmental problems in China. The initiative, outlined by Toyota’s President and Chief Executive Akio Toyoda in a speech at Tsinghua University, is part of the Japanese car...

21 Apr 3:51 PM 0 Read More...

Elon Musk's SpaceX suffers capsule anomaly during Florida tests

(Reuters) - Elon Musk’s SpaceX suffered an anomaly in one of its Crew Dragon capsules while conducting engine tests at the Cape Canaveral Air Force Station in Florida on Saturday, the company said. “The initial tests completed successfully but the final test resulted in an anomaly on the test stand,” the company said in a statement. The issue was earlier reported by Florida Today, which said orange smoke was se...

21 Apr 1:29 AM 0 Read More...

China releases new rules on game approvals

SHANGHAI (Reuters) - China’s press and publication regulator has issued new rules on applications for publishing online games in China, signaling a possible acceleration in the handing out of formal approvals. China stopped granting licenses to monetize online games in March 2018, hurting the industry and developers such as Tencent Holdings Ltd and NetEase Inc. It started up approvals again in December, only to ask...

20 Apr 8:58 AM 0 Read More...

U.S. intelligence says Huawei funded by Chinese state security: report

(Reuters) - U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West. The CIA accused Huawei of receiving funding from China’s National Security Commission, the People’s Liberation Army and a third branch of the Chinese state intelligence network, the British newsp...

20 Apr 4:34 AM 0 Read More...

Mir card payment system looks beyond Russia

MOSCOW (Reuters) - After Western sanctions gutted Russia’s financial system five years ago, a new bank card began appearing in the wallets of many Russians. Now the country is hoping to introduce its cards, known as Mir cards, to foreign markets where Russian nationals live and travel, Vladimir Komlev, the head of Russia’s National Card Payment System (NSPK), told Reuters in an interview. “In the next three ye...

19 Apr 11:56 AM 0 Read More...