Technology News

Exclusive: Volkswagen, Ford far apart on investment in Ford autonomous unit - sources

(Reuters) - Partners Volkswagen AG and Ford Motor Co are at odds over how much the German automaker will invest in the No. 2 U.S. automaker’s self-driving vehicle unit, with Ford seeking at least $500 million, people familiar with the negotiations said. Analysts and investors have focused on the potential savings their alliance could generate, so any sign of problems in the negotiations is not welcome news. VW ...

13 Feb 5:53 PM 0 Read More...

Cryptocurrency firm Quadriga moved bitcoins to 'cold wallets' inadvertently: report

TORONTO (Reuters) - Canadian digital currency platform Quadriga inadvertently transferred almost C$470,000 ($355,226) worth of bitcoins to a storage that it is unable to access after the firm’s founder died, a court-nominated monitor said in a report. Quadriga, which owes a total of C$250 million to 115,000 users, filed for creditor protection last month after the sudden death of founder Gerald Cotten in December. ...

13 Feb 5:50 PM 0 Read More...

Austria calls for European stance on Huawei to ensure competition

VIENNA (Reuters) - Europe should agree a joint position on whether or not Chinese firm Huawei is allowed to equip 5G networks for next-generation mobile networks to ensure fair competition, Austria’s technology ministry said on Wednesday. The European Commission is considering a de facto ban on Huawei’s 5G network equipment due to security concerns. U.S. Secretary of State Mike Pompeo and U.S. Vice President Mike...

13 Feb 5:45 PM 0 Read More...

Cyber attack on Malta bank tried to transfer cash abroad

VALLETTA (Reuters) - Bank of Valletta which accounts for almost half of Malta’s banking transactions, had to shut down all of its operations on Wednesday after hackers broke into its systems and shifted funds overseas. Prime Minister Joseph Muscat told parliament the cyber attack involved the creation of false international payments totaling 13 million euros ($14.7 million) to banks in Britain, the United States, t...

13 Feb 5:44 PM 0 Read More...

Pope discusses ethics of artificial intelligence with Microsoft chief

VATICAN CITY (Reuters) - Microsoft President Brad Smith met Pope Francis on Wednesday to discuss the ethical use of artificial intelligence and ways to bridge the digital divide between rich and poor nations, the Vatican said. The head of the global tech giant and the 81-year-old Roman Catholic leader, who once said he is a “disaster” when it comes to technology, spoke for about 30 minutes in the pontiff’s resi...

13 Feb 5:37 PM 0 Read More...

Former Apple lawyer accused by SEC of insider trading

(Reuters) - A former senior lawyer at Apple Inc was accused by the U.S. Securities and Exchange Commission on Wednesday of insider trading ahead of the iPhone maker’s quarterly earnings announcements. The SEC said Gene Levoff, 44, exploited his positions as a senior lawyer and as chairman of Apple’s disclosure committee to trade illegally at least three times in 2015 and 2016, generating about $382,000 in illegal...

13 Feb 5:31 PM 0 Read More...

Johnson & Johnson to buy surgical robotics firm Auris for $3.4 billion

(Reuters) - Johnson & Johnson is buying privately held Auris Health Inc, which makes a robotic scope used in respiratory and lung cancer procedures, for $3.4 billion in cash to gain access to devices that make difficult surgical procedures simpler. J&J, which makes everything from Band Aid to replacement knees, has been selling off some divisions such as diabetes care, as it tries to improve sales at better-...

13 Feb 3:55 PM 0 Read More...

Chip designer Ceva sees higher 2019 sales as profit dips

JERUSALEM (Reuters) - Israeli chip designer Ceva Inc on Wednesday reported a drop in fourth-quarter profit that missed estimates but the company forecast a slight increase in sales for this year. Ceva reported earnings of 23 cents per diluted share in the fourth quarter excluding one-time items, compared with 25 cents a year earlier. Revenue fell 1 percent to $21.4 million. The company, which licenses signal processi...

13 Feb 2:50 PM 0 Read More...

Indonesia pressures Instagram to take down gay Muslim comic strips

JAKARTA (Reuters) - Indonesia’s communications ministry said on Wednesday that Instagram had taken down an account displaying comic strips depicting the struggles faced by gay Muslim men after authorities labeled it “pornographic”. The ministry said in a statement that it had requested the removal of the account, under the name @Alpantuni, because it breached regulations. The action is the latest example of go...

13 Feb 11:31 AM 0 Read More...

Shares in Schibsted media group jump with fourth quarter earnings

OSLO (Reuters) - Norway’s Schibsted beat forecasts with a 29 percent jump in fourth quarter core earnings and boosted its dividend, sending shares in the media group up more than 5 percent on Wednesday. “This is our best quarterly profit ever,” said new CEO Kristin Skogen Lund, noting good cost control and higher revenue in its traditional media division, which includes daily newspapers such as Sweden’s Afton...

13 Feb 11:22 AM 0 Read More...