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New U.S. curb on Huawei in limbo amid pushback from Pentagon: sources

technologyNews

Fri, 24 Jan 2020 13:47:14 -0500

The U.S. Commerce Department has withdrawn a rule aimed at further reducing sales to China's Huawei Technologies amid concerns from the Defense Department that the move would harm U.S. businesses, people familiar with the matter said.

Four-comma club: Predicting the next company to join trillion-dollar value elite

technologyNews

Fri, 24 Jan 2020 13:37:11 -0500

The trillion-dollar market cap club expanded last week to a third U.S. company, with Google parent Alphabet Inc topping the lofty valuation mark. Adding the next member, however, is likely to take a while.

U.S. senator slams Tesla's 'misleading' name for Autopilot driver assistance system

technologyNews

Fri, 24 Jan 2020 13:13:37 -0500

A U.S. senator on Friday urged Tesla Inc to rebrand its driver assistance system Autopilot, saying it has "an inherently misleading name" and is subject to potentially dangerous misuse.

Intel's blockbuster results lift shares to dotcom peak, fire up sector

technologyNews

Fri, 24 Jan 2020 12:30:25 -0500

Intel Corp's shares hit their highest in nearly two decades on Friday after cloud computing demand fired up the chipmaker's data center business and allayed concerns of market share loss to rival AMD, lifting stocks across the sector.

Kenyan woman, 26, sets up country's first digital car insurance company

technologyNews

Fri, 24 Jan 2020 11:33:45 -0500

Jihan Abass, a 26-year-old Kenyan woman, often walks into meetings full of puzzled faces as people crane past her looking for the boss of her new digital motor insurance company.

Coming soon - the smartphone that promotes 'Russian values'

technologyNews

Fri, 24 Jan 2020 10:51:11 -0500

Smartphones and other devices sold in Russia must be pre-installed with software that is morally sound and espouses traditional Russian values, according to new draft rules.

Takeaway.com says Just Eat takeover timetable delayed due to UK probe

technologyNews

Fri, 24 Jan 2020 09:57:23 -0500

Netherlands-based meal delivery company Takeaway.com said the expected timetable for its takeover of British rival Just Eat would be delayed by a week after UK competition authorities said it would look at the deal.

Italy watchdog threatens Facebook with another fine over improper use of data

technologyNews

Fri, 24 Jan 2020 09:45:05 -0500

Italy's competition watchdog said on Friday it has launched proceedings against Facebook for non-compliance with a request to correct improper commercial practices in the group's treatment of user data.

Nike's Vaporfly running shoes and tumbling records

technologyNews

Fri, 24 Jan 2020 09:34:54 -0500

World Athletics is set to announce the findings of a review of technology in road and track shoes by the end of January, and it is expected to change its rules in light of tumbling times recorded by athletes using Nike's Vaporfly brand.

'They're fast, but are they fair?' Amateur runners face Nike dilemma

technologyNews

Fri, 24 Jan 2020 09:34:54 -0500

British amateur runner and triathlete Holly Grundon was delighted to smash a long-held personal speed target - to finish a half marathon in less than 1 hour and 30 minutes.

Bytedance's TikTok hires Microsoft IP chief as general counsel

technologyNews

Fri, 24 Jan 2020 09:16:57 -0500

Popular mobile video app TikTok said on Friday it has hired attorney Erich Andersen from Microsoft to serve as the company's global general counsel, reporting to president Alex Zhu.

Italy's Poste launches new Codice PostePay payment technology

technologyNews

Fri, 24 Jan 2020 08:54:09 -0500

Poste Italiane is launching a new payment technology with the aim to win more clients among Italian small businesses, Marco Siracusano, head of digital payment unit PostePay said on Friday.

Poste sets aside 200 mln euros for tech partnerships: CEO

technologyNews

Fri, 24 Jan 2020 08:51:24 -0500

Poste Italiane has earmarked 200 million euros for tech partnership agreements, four of which have already been signed, CEO Matteo del Fante said on Friday.

Where U.S. presidential candidates stand on breaking up Big Tech

technologyNews

Fri, 24 Jan 2020 06:19:07 -0500

In the run-up to the U.S. 2020 presidential election, many Democratic White House contenders have argued in favor of either breaking up or tightening regulation of companies such as Facebook Inc , Alphabet Inc's Google and Amazon.com Inc .

Chinese internet company Sohu to take video-games subsidiary Changyou private

technologyNews

Fri, 24 Jan 2020 05:40:58 -0500

China-based internet company Sohu.com Ltd said on Friday it would take its majority-owned subsidiary Changyou.com private in an all-cash deal that values the company at about $579 million.

Competition inquiry casts shadow over Takeaway's Just Eat deal

technologyNews

Fri, 24 Jan 2020 05:21:15 -0500

Dutch food ordering firm Takeaway.com is pressing ahead with its 6.2 billion pound takeover of Just Eat despite a shock last-minute setback when the UK competition authorities said they will probe the deal to create one of the world's largest meal delivery companies.

Japan ruling party lawmakers to float idea of issuing digital currency

technologyNews

Fri, 24 Jan 2020 03:27:03 -0500

A group of ruling party lawmakers are working on a proposal for Japan to issue its own digital currency, one of the members said, in a sign of alarm Tokyo is feeling about Facebook's Libra and China's drive to create a digital yuan.

Factbox: Nike's Vaporfly running shoes and tumbling records

technologyNews

Fri, 24 Jan 2020 03:13:48 -0500

World Athletics is set to announce the findings of a review of technology in road and track shoes by the end of January, and it is expected to change its rules in light of tumbling times recorded by athletes using Nike's Vaporfly brand.

U.S. extradition battle over Huawei's Meng ends first phase but Canada court fight continues

technologyNews

Thu, 23 Jan 2020 21:13:50 -0500

The first phase of battle over whether Huawei Chief Financial Officer Meng Wanzhou should be extradited to the United States wrapped up on Thursday after four days, with lawyers for Meng challenging prosecution claims that her alleged actions are a crime in Canada.

U.S. to unveil crackdown on counterfeit, pirated e-commerce goods

technologyNews

Thu, 23 Jan 2020 20:26:33 -0500

The Trump administration plans to unveil efforts on Friday to crack down on counterfeit and pirated goods sold on major e-commerce sites and urge companies to do more to vet third-party sellers and increase self-policing efforts.