Technology News

German bosses urge government to stop EU proposal on connected cars

FRANKFURT (Reuters) - The bosses of BMW and Deutsche Telekom have urged the German government to take action to block a European Commission proposal that would set a Wi-Fi-based standard for connected cars. In a letter, BMW CEO Harald Krueger and Telekom’s Tim Hoettges warned that ruling out an alternative approach based on 5G mobile networks would leave Europe lagging rivals like China when it comes to the future ...

15 Apr 3:33 PM 0 Read More...

Spotify shares fall on report Amazon in talks to launch ad-supported music offering

(Reuters) - Shares of Spotify Technology SA fell 4 percent on Monday after a report said Amazon.com Inc was in talks to launch a free ad-supported music service, which is expected to intensify competition for the music streaming leader. Amazon would market the free music service through its voice-activated Echo speakers, a Billboard report said on Friday, adding that it could become available as early as this week. S...

15 Apr 3:25 PM 0 Read More...

Belgian cybersecurity agency finds no threat from Huawei

BRUSSELS (Reuters) - Belgium’s center for cybersecurity has found no evidence that telecoms equipment supplied by Huawei Technology could be used for spying. The agency, which reports to the Belgian prime minister, had been tasked with analyzing the possible threat posed by Huawei, which supplies equipment to Belgian mobile operators Proximus, Orange Belgium and Telenet. “Until now we have not found technical ind...

15 Apr 1:52 PM 0 Read More...

Siris Capital to buy Electronics For Imaging for $1.6 billion

(Reuters) - Digital printing company Electronics For Imaging Inc said on Monday private equity firm Siris Capital Group LLC would buy the company for about $1.6 billion in cash. The $37-per-share offer represents a premium of about 26 percent to the company’s closing price on Friday. The deal, which has been approved by Electronics For Imaging’s (EFI) board, includes a 45-day “go-shop” period, which allows th...

15 Apr 12:43 PM 0 Read More...

VW says China to become global software development hub to autonomous tech

SHANGHAI (Reuters) - Volkswagen will use Chinese software developers to help design a global autonomous vehicle architecture thanks to the prevalence of qualified programmers which carmakers are struggling to hire elsewhere, senior executives said on Monday. As carmakers scramble to develop advanced driver assistance systems and autonomous driving functions, carmakers are struggling to find qualified engineers to bui...

15 Apr 12:11 PM 0 Read More...

Sweden's Veoneer bets driverless car delay will be its gain

STOCKHOLM (Reuters) - Sweden’s Veoneer expects to gain from a commercial delay in self-driving cars, betting that rising demand for its radar and camera-based systems as the industry ramps up to autonomy will boost its market position. Forecasts on when autonomous vehicles will become a commercial reality have been receding, with most analysts now expecting broad-based adoption to take another decade as accidents i...

15 Apr 12:04 PM 0 Read More...

Amazon workers strike at four German warehouses

BERLIN (Reuters) - Workers at four Amazon logistic centers in Germany went on strike on Monday, the latest action in a long-running campaign for better pay and conditions. Trade union Verdi said workers at warehouses in Rheinberg, Werne, Bad Hersfeld and Koblenz had stopped work, with the strike set to last until Thursday in some centers, and others potentially joining over the Easter holiday period. An Amazon spokes...

15 Apr 11:25 AM 0 Read More...

The Netherlands forms task force to assess 5G security risks

AMSTERDAM (Reuters) - The Dutch government on Monday said it had established a special task force to weigh potential security risks as it prepares to build a 5G telecommunications network. The announcement came after Dutch Prime Minister Mark Rutte on Friday said his government was still exploring options for 5G and had not yet formed an opinion on the possible role of Chinese companies. The United States has lobbied...

15 Apr 10:10 AM 0 Read More...

Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato

BEIJING (Reuters) - Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV. In return, Toyota will have preferential rights to purchase green-car credits that Singulato will generate under China’s new quota system for all-electric and plug-in hybrid vehicles. It will ...

15 Apr 9:04 AM 0 Read More...

EU countries back copyright reform targeting Google, Facebook

BRUSSELS (Reuters) - The European Union’s bid to overhaul its two-decade old copyright rules cleared its final hurdle on Monday as EU governments backed the move forcing Google to pay publishers for news snippets and Facebook to filter out protected content. Nineteen countries, including France and Germany, endorsed the revamp while Finland, Italy, Luxembourg, the Netherlands, Poland and Sweden were against. Belgiu...

15 Apr 8:53 AM 0 Read More...