FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay BOGOTA (Reuters) – Ride-hailing mobile application Uber said on Thursday it will not be basing a $40 million support and safety center in Colombia after all, because of a lack of regulatory stability in the Andean country.
Technology
SEOUL (Reuters) – Samsung Electronics Co Ltd said chip sales should pick up next year after it reported on Thursday that third-quarter operating profit more than halved due to low prices of memory chips amid a prolonged industry downturn. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South
LONDON/SAN FRANCISCO (Reuters) – Facebook said on Wednesday it had suspended three networks of Russian accounts that attempted to interfere in the domestic politics of eight African countries, and were tied to a Russian businessman accused of meddling in past U.S. elections. FILE PHOTO: A 3D-printed Facebook logo is seen in front of displayed stock
SEOUL (Reuters) – Samsung Electronics Co Ltd has unveiled a new design for a smartphone that folds into a square, racing ahead in folding devices after it launched its first model in September. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, July 4, 2017. REUTERS/Kim Hong-Ji
MOSCOW (Reuters) – Sberbank (SBER.MM) has agreed to buy Gazprombank’s (GZPRI.MM) holding stake in internet company Mail.ru (MAILRq.L) as Russia’s largest lender continues its transformation under Chief Executive German Gref into a banking-to-online services company. The logo of Russian Internet company Mail.ru Group is seen on the facade of its headquarters in Moscow, Russia June
WASHINGTON (Reuters) – The U.S. telecommunications regulator plans to vote in November to designate China’s Huawei Technologies and ZTE Corp (000063.SZ) as national security risks, barring their U.S. rural carrier customers from tapping an $8.5 billion government fund to purchase equipment or services. FILE PHOTO: The Huawei logo is pictured at the IFA consumer tech
LONDON (Reuters) – British regulators should impose higher levies on banks if they need more resources to stop big IT glitches and should consider regulating cloud service providers such as Google, UK lawmakers said in a review on Monday. FILE PHOTO: The Canary Wharf financial district in London, Britain, June 25, 2019 REUTERS/Hannah McKay/File Photo
FILE PHOTO: A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song (Reuters) – British Prime Minister Boris Johnson is preparing to grant China’s Huawei technologies Co Ltd access to the UK’s future 5G telecoms network, the Sunday Times reported on Sunday. Senior
China’s Vice Premier Liu He exits the office of the U.S. Trade Representative following a morning round of negotiations on the second day of last ditch trade talks in Washington, U.S., May 10, 2019. REUTERS/Leah Millis/File Photo SHANGHAI (Reuters) – Chinese Vice Premier Liu He had a phone call with U.S. trade officials as both
NEW YORK (Reuters) – Global insurers that cover cyberattacks are facing more claims related to ransom-demanding hackers who cripple businesses’ technology systems, and only stop after receiving substantial payments. These hackers use malicious programs known as ransomware to take down systems controlling everything from supply chains to payments to manufacturing. The hackers have grown more
(Reuters) – Shares of Amazon.com Inc fell nearly 6% in early trading on Friday, as investors were let down by a lower-than-expected sales outlook and surprised by slower revenue growth at its lucrative AWS cloud business. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29,
SAN FRANCISCO/BENGALURU (Reuters) – Twitter Inc (TWTR.N) posted worse-than-expected quarterly revenue and profit on Thursday, plagued by unusually low demand over the summer and technical issues that hurt its advertising, sending its shares down about 19%. Chief Financial Officer Ned Segal said the company’s ad platform encountered bugs, or glitches, that hindered its ability to
(Reuters) – SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork on Tuesday, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control. FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan,
(Reuters) – WeWork’s new Executive Chairman Marcelo Claure on Wednesday defended huge payouts to the office-sharing company’s founder Adam Neumann and said there is now “zero risk of the company going bankrupt,” according to an audio recording of a meeting he held with employees that was reviewed by Reuters. FILE PHOTO: A WeWork logo is
TOKYO (Reuters) – SoftBank Group Corp’s financial strains escalated on Wednesday as it agreed to spend more than $10 billion to take over office-space sharing startup WeWork, knocking the Japanese tech conglomerate’s already weakened shares. FILE PHOTO: SoftBank Corp placard is prepared during a ceremony to mark the company’s debut on the Tokyo Stock Exchange
FILE PHOTO: A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai, China, September 17, 2018. REUTERS/Aly Song WASHINGTON (Reuters) – U.S. state attorneys general probing Alphabet’s (GOOGL.O) Google plan to meet next month in Colorado to discuss a probe into whether the search giant’s business practices break antitrust law, according