|Channel: Reuters: Technology News
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- Rolls-Royce plans for take-off in flying taxi market
Sun, 15 Jul 2018 08:04:17 -0400
British jet engine maker Rolls-Royce has designed a propulsion system for a flying taxi and is starting a search for partners to help develop a project it hopes could take to the skies as soon as early next decade.
- China auto firms to set up ride-sharing platform
Sat, 14 Jul 2018 07:41:29 -0400
Chinese firms FAW Group, Dongfeng Automobile and Chongqing Changan Automobile have set up a venture to establish a ride-sharing platform, Changan said on Saturday, creating the kind of service pioneered by Uber.
- Facebook, Twitter, Alphabet to testify at U.S. House hearing
Fri, 13 Jul 2018 23:27:31 -0400
The U.S. House Judiciary Committee will hold a hearing on Tuesday to take testimony from Facebook Inc, Alphabet Inc's YouTube unit and Twitter Inc on whether social media companies are filtering content for political reasons, the committee chairman said.
- U.S. lifts ban on suppliers selling to China's ZTE
Fri, 13 Jul 2018 18:04:12 -0400
The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China's second-largest telecommunications equipment maker to resume business.
- AT&T CEO confident Time Warner deal on solid ground
Fri, 13 Jul 2018 17:38:47 -0400
The U.S. Justice Department has only a remote chance of overturning AT&T Inc's takeover of Time Warner, Chief Executive Randall Stephenson said on Friday, adding that the move could affect the bidding war for Twenty-First Century Fox Inc.
- Exclusive: Jeff Bezos plans to charge at least $200,000 for space rides - sources
Fri, 13 Jul 2018 17:38:14 -0400
Jeff Bezos' rocket company plans to charge passengers about $200,000 to $300,000 for its first trips into space next year, two people familiar with its plans told Reuters.
- Republican Senator Rubio slams lifting of U.S. ban on China's ZTE
Fri, 13 Jul 2018 17:28:31 -0400
Republican U.S. Senator Marco Rubio criticized on Friday the decision by the United States to lift a ban on suppliers selling to ZTE Corp <000063.SZ), allowing China's second-largest telecommunications equipment maker to resume business.
- Cisco sinks on report Amazon wading into networking equipment
Fri, 13 Jul 2018 16:23:52 -0400
Shares of Cisco Systems Inc and other network equipment makers fell on Friday after a report that Amazon.com Inc's cloud services business was considering selling its own network switches to business customers at much lower prices.
- U.S. sanctions seen barring IT platform of insurer Lloyd's for Iran trade
Fri, 13 Jul 2018 14:42:57 -0400
New U.S. sanctions are likely to prevent the use of a Lloyd's of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country.
- EU digital chief urges lawmakers to ease tough copyright stand
Fri, 13 Jul 2018 14:16:35 -0400
EU digital chief Andrus Ansip on Friday called EU lawmakers to tone down their tough line on copyright reforms as Europe races to agree rules which will force tech giants to share revenues with publishers, broadcasters and artists.
- Microsoft seeks regulation of facial recognition technology
Fri, 13 Jul 2018 12:38:34 -0400
Microsoft Corp on Friday called for government regulation of facial recognition technology and for laws governing its acceptable uses.
- Xerox explores sale of leasing finance unit: sources
Fri, 13 Jul 2018 12:14:23 -0400
Xerox Corp is considering the sale of a leasing unit that lends money to customers to rent printers and equipment, to make itself more attractive to potential acquirers following the termination of its $6.1 billion sale to Fujifilm Holdings Corp, people familiar with the matter said on Friday.
- Kenya Uber to keep fares unchanged for now following drivers' strike
Fri, 13 Jul 2018 11:23:59 -0400
Uber's [UBER.UL] business in Kenya said on Friday it will keep its fares unchanged for now, after associations representing taxi drivers in the country signed a deal giving guidelines for better fares and working conditions.
- China's Leshi sees wider first half net losses as business falters
Fri, 13 Jul 2018 11:13:23 -0400
Embattled Chinese tech firm Leshi Internet and Technology said it expected a bigger net loss in the first six months of the year and saw the possibility of continued losses in the second half if its business operations did not improve.
- India's Infosys retains revenue forecast as seeks recovery
Fri, 13 Jul 2018 10:38:26 -0400
India's second-biggest IT firm Infosys Ltd retained its revenue outlook for the fiscal year to March, with its chief executive upbeat about demand for the company's services in the key markets of United States and Europe.
- China's ZTE sees heavy losses in first half due to U.S. penalty
Fri, 13 Jul 2018 09:34:28 -0400
Chinese telecoms equipment group ZTE Corp said on Friday it expected to record a net loss in the first half of the year due to the hefty fine it agreed in order to lift a U.S. ban on component supplies.
- China must improve core technology innovation, says Xi
Fri, 13 Jul 2018 07:59:32 -0400
China must improve its core technology innovation, President Xi Jinping told a top government decision-making body on Friday, saying it was key to national security and high-quality economic development.
- Silicon Valley employees flex newfound political muscles
Fri, 13 Jul 2018 04:32:41 -0400
Employees at several of the worldâ€™s biggest technology companies have been exercising newfound political power where they work, pushing their bosses on business ethics with help from established and fledgling nonprofit groups.
- China central bank says cannot refuse, discriminate against cash payments
Fri, 13 Jul 2018 04:26:41 -0400
Companies or individuals cannot refuse or discriminate against cash payments, China's central bank said on Friday, but stressed the rules won't apply to online payments and unmanned stores.
- Facebook says Indonesian user data not misused
Fri, 13 Jul 2018 01:54:10 -0400
Social media giant Facebook has assured the Indonesian government that personal data of about one million of its citizens had not been improperly accessed by political consultancy Cambridge Analytica.