Technology News

Indian lawmakers urged to summon global heads of Facebook, other tech giants

MUMBAI (Reuters) - Indian activists have petitioned a parliamentary panel to summon the heads of U.S. tech firms including Facebook and Alphabet Inc’s Google and question them on issues ranging from tax compliance to data privacy. The petition, sent by a group that previously dragged WhatsApp to court and a right-wing political activist, comes a day after the panel summoned Twitter chief Jack Dorsey to discuss ways...

12 Feb 2:34 PM 0 Read More...

Lyft founders to tighten grip with supervoting shares in IPO: WSJ

(Reuters) - Lyft Inc founders are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter. The founders, John Zimmer and Logan Green, together own a stake of less than 10 percent in Lyft. Zimmer and Green, who serve as president and chief executive officer respectively, are working ...

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

German government to consult further before taking Huawei decision: source

BERLIN (Reuters) - The German government will consult further with telecoms operators and vendors before deciding whether to let Chinese firms such as Huawei Technologies participate in building future 5G mobile networks, a senior source said. A decision is unlikely within the next two weeks, the source added, after ministers discussed the matter last week against a backdrop of U.S. calls on its European allies to ex...

12 Feb 11:45 AM 0 Read More...

Apple supplier Japan Display to get $700 million bailout from China, Taiwan group: Kyodo

TOKYO (Reuters) - Ailing Apple supplier Japan Display Inc will receive up to 80 billion yen ($723 million) in a bailout from a group of Chinese and Taiwanese investors, Kyodo news agency reported. A group including China’s state-backed Silk Road Fund and Taiwanese panel maker TPK Holding Co will inject around 60 billion to 80 billion yen, taking a stake of 30-50 percent in Japan Display, Kyodo said, without citing ...

12 Feb 10:42 AM 0 Read More...

Exclusive: India watchdog probes accusations that Google abused Android - sources

NEW DELHI (Reuters) - India’s antitrust commission is looking into accusations that Alphabet Inc’s unit Google abuses its popular Android mobile operating system to block its rivals, four sources with direct knowledge of the matter told Reuters. The Competition Commission of India (CCI) has for the past six months been reviewing a case similar to one Google faced in Europe that led to a fine of 4.34 billion euro ...

12 Feb 10:31 AM 0 Read More...

Telecoms watchdog says Swisscom overcharged rivals

ZURICH (Reuters) - Switzerland’s Federal Communications Commission (ComCom) has retroactively cut some regulated prices that Swisscom charges rivals, the agency said on Tuesday after concluding that some of its prices were too high. “Responding to requests from Sunrise and Salt, the Federal Communications Commission has reviewed the prices charged for the regulated telecoms services offered by Swisscom. In many c...

12 Feb 8:49 AM 0 Read More...

Exclusive: Walmart, Google-backed Deliv end online grocery partnership

(Reuters) - Walmart Inc and logistics firm Deliv pulled the plug on a key same-day grocery delivery partnership, dealing a setback in the retailer’s race against rival Amazon.com Inc to deliver groceries to customers’ homes. The world’s largest retailer began bolstering its partnerships with third-party courier firms to reach consumers in 100 U.S. cities last year, after failing to use Uber and Lyft to deliver...

12 Feb 6:52 AM 0 Read More...

U.S. judge keeps documents secret in Facebook encryption case

SAN FRANCISCO (Reuters) - A U.S. judge on Monday rejected a bid by two civil rights groups that had sought to force the release of documents describing a secret U.S. government effort to compel Facebook Inc to decrypt voice conversations between users on its Messenger app. The issue arose in a joint federal and state investigation into activities of the MS-13 gang in Fresno, California, revolving around the end-to-en...

12 Feb 12:13 AM 0 Read More...

Reddit valued at $3 billion after raising $300 million in latest funding round

(Reuters) - Social media network Reddit Inc said on Monday it raised $300 million in its latest funding round, led by Tencent Holdings Ltd, giving it a market valuation of $3 billion. The series D funding round saw a $150 million investment from Tencent and the company’s former investors, including Sequoia, Fidelity, Tacit and Snoop Dogg. The investment from a China-based company, news of which started making the r...

11 Feb 6:30 PM 0 Read More...

Pompeo warns allies Huawei presence complicates partnership with U.S.

BUDAPEST (Reuters) - Secretary of State Mike Pompeo warned U.S. allies on Monday against deploying equipment from Chinese telecoms gear manufacturer Huawei on their soil, saying it would make it more difficult for Washington to “partner alongside them”. “We want to make sure we identify (to) them the opportunities and the risks of using that equipment,” Pompeo told reporters during a visit to the Hungarian ca...

11 Feb 4:35 PM 0 Read More...