Technology

SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity
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HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. Huawei founder Ren Zhengfei attends a panel discussion at the company headquarters in Shenzhen, Guangdong province, China June 17, 2019. REUTERS/Aly Song
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SAN FRANCISCO/WASHINGTON (Reuters) – Huawei’s American chip suppliers, including Qualcomm and Intel, are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech giant, even as Huawei itself avoids typical government lobbying, people familiar with the situation said. FILE PHOTO: A Huawei company logo is seen at a shopping mall
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(Reuters) – Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported on Sunday. FILE PHOTO: Huawei’s new Honor 20 smartphone at a product launch event in London, May 21, 2019. REUTERS/Peter Nicholls/File Photo The Chinese technology company is looking at options that include pulling the latest
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MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week. FILE PHOTO:
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People visit a FedEx Express booth during the China International Import Expo (CIIE) at the National Exhibition and Convention Center in Shanghai, China November 7, 2018. Picture taken November 7, 2018. REUTERS/Stringer BEIJING (Reuters) – Chinese authorities have launched an investigation into FedEx Corp over parcels delivered to the wrong addresses, China’s official Xinhua news
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FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California May 12, 2016. REUTERS/Mike Blake LONDON (Reuters) – European semiconductor stocks fell on Friday after U.S. chipmaker Broadcom warned a U.S.-China trade conflict and export restrictions on Huawei were causing a broad slowdown in demand for chips. Shares in
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SAN FRANCISCO (Reuters) – Alphabet Inc’s Google is trying to plug a surge of public scrutiny around the world by overhauling how its policy office operates, with increased emphasis on having policy staffers and top company executives alike building relationships with governments, people familiar with the matter said this week. FILE PHOTO: The Google logo
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(Reuters) – The chief executive of Telegram, a popular encrypted messaging app, said on Wednesday the messaging service experienced a “state actor-sized” cyber attack and pointed to China as its likely country of origin. The Telegram app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration The service
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FILE PHOTO: A Huawei company logo is seen at CES (Consumer Electronics Show) Asia 2019 in Shanghai, China June 11, 2019. REUTERS/Aly Song (Reuters) – Huawei Technologies Co Ltd has told Verizon Communications Inc that the U.S. carrier should pay licensing fees for more than 200 of the Chinese telecoms equipment maker’s patents, the Wall
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FILE PHOTO: The logo of Capgemini is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau LONDON (Reuters) – Global business consultancy Capgemini is launching its first-ever investment fund, with plans to invest up to 90 million euros ($102 million) in early-stage technology companies. Capgemini, which advises
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The Ericsson logo is seen at the Ericsson’s headquarters in Stockholm, Sweden June 14, 2018. REUTERS/Olof Swahnberg STOCKHOLM (Reuters) – Sweden’s Ericsson has raised its forecast for 5G subscriptions by 27 percent to 1.9 billion by 2024, with network coverage offering access to 45 percent of the world’s population, it said on Tuesday. Strong commitment
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SAN FRANCISCO (Reuters) – Tesla Inc’s rankings at two high-profile job websites have declined, suggesting that job dissatisfaction at the electric car company is intensifying amid layoffs, strategy shifts and executive turnover. FILE PHOTO: Tesla workers examine a Model S used for training and tool calibration at the company’s factory in Fremont, California, June 22,
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The Ericsson logo is seen at the Ericsson’s headquarters in Stockholm, Sweden June 14, 2018. REUTERS/Olof Swahnberg STOCKHOLM (Reuters) – Ericsson expects a negative impact on operating income in segment Networks in the current quarter after it reached an agreement to end all patent infringement lawsuits with Intellectual Ventures, the Swedish company said on Monday.
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