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- Uber resumes services in Abu Dhabi: statement
Mon, 19 Nov 2018 07:02:40 -0500
Uber Technologies [UBER.UL] has resumed services in Abu Dhabi, the U.S. ride-hailing company said in a statement on Monday, after a more than two-year suspension.
- Facebook to pay to train local newspaper reporters in UK
Mon, 19 Nov 2018 07:01:50 -0500
Facebook is donating 4.5 million pounds ($5.8 million) to train journalists in Britain to support communities that have lost local newspapers and reporters, in no little part due to ad revenue and readers switching online to the social media giant.
- China's JD.com misses revenue estimates
Mon, 19 Nov 2018 06:26:33 -0500
China's JD.com Inc reported third-quarter revenue on Monday that fell short of analysts' estimates on sluggish sales in its core e-commerce business. Revenue was 104.8 billion yuan ($15.09 billion) for the quarter ended Sept. 30, compared with an average estimate of 106.2 billion yuan from 22 analysts, according to IBES data from Refinitiv.
- China's Xiaomi swings to net profit in third-quarter on robust sales in India, Europe
Mon, 19 Nov 2018 06:08:52 -0500
Chinese smartphone maker Xiaomi Inc said on Monday it swung to a net profit in the third quarter, beating analyst estimates, driven by robust sales in India and Europe.
- Telecom Italia gets new CEO but power struggle rages on
Mon, 19 Nov 2018 05:02:26 -0500
Luigi Gubitosi's appointment as Telecom Italia's new chief executive lifted shares more than 4 percent on Monday as investors bet the veteran Italian manager could push through an aggressive shake-up of Italy's biggest phone group.
- Kenyan logistics start-up Sendy plans second fundraising
Mon, 19 Nov 2018 04:58:31 -0500
Kenyan tech start-up Sendy, which operates an app linking delivery drivers with customers, is embarking on a second round of fundraising to expand in East Africa, its chief operating officer said on Monday.
- Apple cuts production orders for all three new iPhone models: WSJ
Mon, 19 Nov 2018 04:51:58 -0500
IPhone maker Apple Inc has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on Monday, citing sources.
- Google-Temasek study sees $240 billion Southeast Asia internet economy by 2025
Sun, 18 Nov 2018 23:00:50 -0500
Southeast Asia's internet economy is expected to exceed $240 billion by 2025, a joint study by Google and Temasek Holdings showed, a fifth more than previously estimated, as more consumers use their smartphones to go online.
- Alphabet unit halts glucose-detecting contact lens project
Fri, 16 Nov 2018 16:03:57 -0500
Alphabet Inc's life sciences division Verily said on Friday that it was putting on hold one of its oldest and highest-profile projects, a smart contact lens designed to help monitor sugar levels.
- Digital media company Technicolor explores options including sale: sources
Fri, 16 Nov 2018 15:11:09 -0500
Technicolor SA has been exploring options that include a full or partial sale of the French digital media company, as its set-top box business struggles because of higher prices for memory chips, people familiar with the matter said on Friday.
- Google Cloud names Thomas Kurian to replace CEO Diane Greene
Fri, 16 Nov 2018 14:13:38 -0500
Former Oracle Corp product chief Thomas Kurian will replace Diane Greene as head of the cloud division at Alphabet Inc's Google in the coming weeks, Greene announced in a blog post on Friday, after a tumultuous year for the business.
- U.S. regulator settles with tech startups over token sale violations
Fri, 16 Nov 2018 14:03:46 -0500
The U.S. Securities and Exchange Commission settled charges on Friday with two technology companies for improperly offering digital tokens, mandating that they register their offerings as securities and reimburse investors.
- U.S. Senate bill vows to get tough on robocalls, up penalties
Fri, 16 Nov 2018 13:12:54 -0500
Two U.S. senators on Friday unveiled bipartisan legislation to toughen penalties on robocalls, make it easier for regulators to crack down on unwanted calls and compel mobile phone providers to adopt call authentication technologies.
- VW embarks on $50 billion electrification plan
Fri, 16 Nov 2018 12:39:02 -0500
Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said on Friday.
- Europe 5G network buildout to trigger deals, won't bust capex budgets
Fri, 16 Nov 2018 12:22:43 -0500
The launch of fifth-generation mobile services across Europe looks set to trigger a wave of infrastructure deals as telecoms companies seek ways to upgrade their networks without busting their strained capital budgets.
- Tesla starts taking Model 3 orders in China
Fri, 16 Nov 2018 11:59:17 -0500
Tesla Inc has started taking orders for its Model 3 sedan in China for a deposit of 8,000 yuan ($1,153.60), according to the electric carmaker's China website https://www.tesla.cn/model3/reserve.
- The egos disbanded? Bridging the great advertising divide
Fri, 16 Nov 2018 10:30:50 -0500
Traditional advertising groups hope that their creative flair will prevail against the technological clout of consultancies encroaching on their business, but there are signs the two sides of the divide are moving closer together.
- Volkswagen expects to be the most profitable maker of electric cars
Fri, 16 Nov 2018 10:07:54 -0500
Volkswagen Chief Executive Herbert Diess on Friday said he expected the multi-brand carmaking group to be the most profitable manufacturer of electric cars thanks to economies of scale.
- European chipmakers see new growth drivers to weather volatile demand
Fri, 16 Nov 2018 09:32:44 -0500
European chipmakers tried to play down market concerns about a potential slowdown in global demand at an investor conference in Barcelona this week, striking an upbeat tone on orders from car and smartphone makers.
- VW says could build up to 15 million electric cars
Fri, 16 Nov 2018 08:42:20 -0500
Volkswagen could build up to 15 million electric cars over several years on its new electric vehicle production platform, the company said on Friday, adding that its Chief Executive Herbert Diess had misspoken in an interview on Monday.