Technology News

Amazon pulls plug on New York City headquarters

(Reuters) - Amazon.com Inc abruptly scrapped plans to build a headquarters in New York after opposition from local politicians and some of its would-be neighbors, the third most-valuable public U.S. company said on Thursday. Amazon’s search for a second headquarters, which it described as HQ2, was deemed a massive, year-long public relations success, garnering worldwide publicity and interest from cities across the...

14 Feb 6:35 PM 0 Read More...

New York mayor: Amazon 'threw away opportunity'

(Reuters) - New York Mayor Bill de Blasio criticized Amazon.com Inc for walking away from a plan to establish a headquarters in the city in the face of political opposition, saying the company “threw away” an opportunity and failed to work with the community. “You have to be tough to make it in New York City... We have the best talent in the world and every day we are growing a stronger and fairer economy for e...

14 Feb 6:23 PM 0 Read More...

JPMorgan Chase to create digital coins using blockchain for payments

(Reuters) - JPMorgan Chase & Co said on Thursday it plans to launch its own digital coins, called “JPM Coin”, that customers will be able to use for instant transfer of payments over a blockchain network. The largest U.S. bank by assets said customers, on depositing money at the bank, will be issued the cryptocurrency that they will be able to use for transactions over the network with other JPMorgan clients....

14 Feb 2:28 PM 0 Read More...

GM unveils 'Ariv' e-bikes, plans Europe launch in second quarter

(Reuters) - General Motors Co announced on Thursday that its brand of electric bicycles would be called “Ariv” and begin selling in Europe in the second quarter of 2019. Two such bicycles, a compact bike and a foldable one, will launch first in Germany, Belgium and the Netherlands, markets where cycles powered by lithium-ion batteries are already popular, the No. 1 U.S. automaker said bit.ly/2E9KBsl in a statemen...

14 Feb 2:08 PM 0 Read More...

Exclusive: Alibaba in talks on stake in China operations of Germany's Metro - sources

HONG KONG/DUESSELDORF (Reuters) - Chinese E-commerce giant Alibaba Group Holding Ltd is in talks with Germany’s Metro about taking a stake in the German retailer’s China operations, three sources told Reuters on Thursday. Metro and Alibaba declined to comment. The talks are at an early stage and could still fall apart, the sources said. Alibaba’s interest comes as rival Tencent last year signed a partnership d...

14 Feb 2:05 PM 0 Read More...

Google, Amazon among those targeted in EU unfair practices digital rules

BRUSSELS (Reuters) - Google, Amazon and other tech firms will have to tell companies how they rank their own or rival products on their platforms under new rules agreed by EU negotiators aimed at stopping unfair practices by online platforms and app stores. Proposed by the European Commission in April last year, the platform-to-business (P2B) law is targeted at Google Play, Apple App Store, Microsoft Store, Amazon Ma...

14 Feb 12:53 PM 0 Read More...

Amazon secures London retail space for checkout-free stores: The Grocer

LONDON (Reuters) - Amazon has secured central London retail space for its checkout-free Amazon Go food stores concept, The Grocer reported, in what would be the company’s first expansion of its automated convenience shops outside the United States. Selling food in physical stores is a key strategy of the world’s top online retailer as it tries to win business from shoppers. It has so far opened 10 Amazon Go sto...

14 Feb 12:50 PM 0 Read More...

Amazon faces probe into treatment of sellers in Austria

VIENNA (Reuters) - Austria’s competition authority has begun investigating whether Amazon is exploiting its market dominance in relation to other retailers that use its website as a marketplace, it said on Thursday. This follows a similar move by German authorities, which announced an investigation in November. European regulators have been taking a tough line on U.S. tech giants like Google and Facebook, while the...

14 Feb 12:34 PM 0 Read More...

Samsung says expects $4 billion in Indian sales of new smartphone range

MUMBAI (Reuters) - Samsung Electronics expects a new range of smartphones it will launch in India in the first half of this year to generate sales of $4 billion in 2019, a senior company executive said on Thursday. The South Korean giant will unveil one smartphone from the Galaxy A series every month beginning in March, through June, Ranjivjit Singh, Samsung India’s chief marketing officer, told Reuters in a teleph...

14 Feb 12:32 PM 0 Read More...

Irish drug trial technology firm Teckro wins $25 million injection

(Reuters) - Ireland’s Teckro, which makes software that allows physicians to take part in drug development trials from mobile devices, has won $25 million in financial backing from investors, as it hatches longer-term plans for a stock market listing. A fund managed by Bill Maris, the former head of Google’s venture capital arm, as well as Founders Fund, an early backer of SpaceX and Airbnb, took part in the late...

14 Feb 8:09 AM 0 Read More...