Box’s new service allows customers to store data in Europe, Asia (Reuters) – Cloud storage provider Box Inc unveiled a service that allows businesses in Europe and Asia to store data regionally, at a time when governments demand greater protection for their data in the backdrop of revelations about massive U.S. surveillance programs.
China says tech firms pledge to counter online terror activities BEIJING (Reuters) – Twenty-five Chinese technology companies have signed a pledge to counter images and information online that promote terrorism, the internet regulator said on Tuesday, months after China passed a controversial new anti-terrorism law.
Alibaba to buy controlling stake in Lazada for about $1 billion (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd said on Tuesday it agreed to buy a controlling stake in online retailer Lazada for about $1 billion to expand its platform into Southeast Asia.
Software flaws used in hacking more than double, setting record SAN FRANCISCO (Reuters) – The number of previously unknown software flaws used by hackers more than doubled last year, a new report says, in another sign of the increasing sophistication of cybercrime and online espionage.
Pitch perfect: mobile makers, telcos drawn to hi-res audio SINGAPORE (Reuters) – Mostly young, male audiophiles throng a Singapore hotel ballroom, intently assessing headphones, earbuds and in-ear monitors – priced from $50 to as much as $10,000.
Italy aims to boost wine sales on Alibaba network ten-fold VERONA, Italy (Reuters) – Italy and Alibaba hope to boost the share of Italian wine sold on the Chinese e-commerce network 10-fold as part of wider moves to increase Italian wine exports to China where it still lags France and other wine-making peers.
Business Wire goes down ahead of Alcoa’s earnings statement (Reuters) – Berkshire Hathaway Inc’s Business Wire website, which distributes press releases issued by companies, went down just before the U.S. stock market closed on Monday.
Business Wire disrupted by power outage, Alcoa statement delayed (Reuters) – A temporary outage hit Business Wire, the press release distribution company owned by Warren Buffett’s Berkshire Hathaway Inc, on Monday, delaying the release of many company statements including Alcoa Inc’s earnings report.
Verizon wireline workers’ strike to start Wednesday: unions NEW YORK (Reuters) – Verizon Communications Inc’s wireline employees will go on strike starting Wednesday after reaching an impasse in talks over a new labor contract, union officials said on Monday.
SEC charges Texas attorney general for role in stock scam (Reuters) – U.S. regulators charged Texas Attorney General Ken Paxton on Monday for his alleged role in a stock scam that defrauded investors in a Texas-based technology company called Servergy Inc.
Brexit could boost UK financial technology firms – but only in short-term LONDON (Reuters) – Britain leaving the European Union could give fledgling financial technology companies an immediate shot in the arm but deprive them of expansion later on, industry officials said on Monday.
In-flight Wi-Fi market heats up as satellite services come online HAMBURG (Reuters) – In-flight Wi-Fi may sound like a great way to keep in touch with friends and family or catch up on work, but services are often so slow, you’re better off sticking to the in-flight magazine.
Dell unit SecureWorks valued at up to $1.42 billion in IPO (Reuters) – Dell Inc’s [DI.UL] cyber security unit, SecureWorks Corp, said its initial public offering was expected to be priced at $15.50-$17.50 per share, valuing the company at up to $1.42 billion.
Jaguar Land Rover launches tech venture to test car-sharing LONDON (Reuters) – Jaguar Land Rover (JLR) launched a technology business on Monday which aims to create apps for services such as car-sharing, the latest automaker to explore ways of tapping demand for cheaper and greener ways of making short journeys.
Microsoft offers first major endorsement of new EU-U.S. data pact BRUSSELS (Reuters) – Microsoft became on Monday the first major U.S. tech company to say it would transfer users’ information to the United States using a new transatlantic commercial data pact and would resolve any disputes with European privacy watchdogs.
Israel to tax foreign companies’ online activities JERUSALEM (Reuters) – Israel is to start collecting value added tax (VAT) and income taxes from foreign companies that do substantial business over the Internet in Israel.
UK’s CMA voices serious concerns over Hutchison-Telefonica deal (Reuters) – UK’s Competition and Markets Authority (CMA) has expressed serious concerns about the proposed merger between Hutchison 3G UK and Telefonica UK and sought the European Commission to prevent “long-term damage” to the UK mobile telecoms market.
LG Electronics says first-quarter operating profit likely up 66 percent vs year ago SEOUL (Reuters) – South Korean tech firm LG Electronics Inc said on Monday its first-quarter operating profit likely rose 66 percent from a year earlier, easily beating expectations and pointing to an earnings boost from healthy appliance sales and falling television panel prices.
Tech start-ups snap at the heels of Asian private bankers SINGAPORE (Reuters) – Scanning a bank statement into a computer may not sound particularly high-tech, but it’s unsettling some of Asia’s private bankers.
Daily Mail parent in talks with private equity for Yahoo bid: WSJ (Reuters) – The parent company of the British newspaper, the Daily Mail, is in talks with several private equity firms about a possible bid for Yahoo Inc, the Wall Street Journal reported on Sunday.
Japan government, Toyota, Nissan to step up efforts on intelligent maps: Nikkei TOKYO (Reuters) – Japan’s government and auto giants Toyota Motor Corp Nissan Motor Co will join in an effort to develop intelligent maps by 2018, the Nikkei daily said, as competition heats up to improve the technology key for autonomous driving.
Automaker group warns timetable for self-driving vehicle guidance too aggressive WASHINGTON (Reuters) – An automaker trade association warned Friday that U.S. auto safety regulators’ timetable for unveiling guidance on the deployment of self-driving cars may be too aggressive.
Leak of Senate encryption bill prompts swift backlash WASHINGTON (Reuters) – Security researchers and civil liberties advocates on Friday condemned draft legislation leaked from the U.S. Senate that would let judges order technology companies to assist law enforcement agencies in breaking into encrypted data.
Crown Castle buys Tower Development Corp for $461 million (Reuters) – Telecom tower operator Crown Castle International Corp said it bought Berkshire Partners-owned Tower Development Corp for $461 million in cash.
SAP first-quarter results fall short as U.S. license sales slow FRANKFURT (Reuters) – Europe’s largest software company, SAP , warned late on Friday that first-quarter results would be weaker than expected due to slower sales of software licenses to corporate customers in the United States, its biggest market.
Twitter appoints Hugh Johnston and Martha Lane Fox to its board (Reuters) – Twitter Inc said on Friday it had appointed PepsiCo Inc Chief Financial Officer Hugh Johnston and Martha Lane Fox, co-founder of travel website lastminute.com, to its board.
U.S. to continue appeal of iPhone data case in N.Y (Reuters) – The U.S. Justice Department on Friday said it will move ahead with an appeal of a court ruling blocking the government from forcing Apple Inc to help unlock an iPhone in a drug case in New York.
Bosch considers stake in digital mapping company HERE FRANKFURT (Reuters) – Auto supplier Bosch [ROBG.UL] said on Friday it was in talks with high-definition digital maps company HERE, exploring whether to take a stake.
NXP Semiconductor weighing sale of standard products business: Bloomberg (Reuters) – NXP Semiconductors NV is considering a sale of its standard products business and has received interest from Chinese buyers, Bloomberg reported on Friday, citing sources familiar with the matter.
Bollore’s London electric car club scheme faces delay LONDON (Reuters) – An electric carsharing scheme being rolled out in London by French firm Bollore is taking longer than expected to set up fully because contract talks with the capital’s local councils are dragging on.
Yahoo extends deadline for bids by a week: Re/code (Reuters) – Yahoo Inc has extended the deadline to bid for its businesses by a week to April 18, technology news website Re/code reported, citing people familiar with the matter.
U.S. says China internet censorship a burden for businesses BEIJING (Reuters) – The United States has labeled China’s internet censorship a trade barrier in a report for the first time since 2013, saying worsening online restrictions are damaging the business of U.S. companies.
Cyber fraudsters reap $2.3 billion through email wire-transfer scams BOSTON (Reuters) – Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to the U.S. Federal Bureau of Investigation.
Uber agrees to settle California suit on misleading customers SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] agreed to a $25 million settlement to end a civil lawsuit in California that accused the ride-sharing company of misleading customers about the strength of its background checks on drivers, prosecutors in Los Angeles and San Francisco said on Thursday.
Adobe issues emergency update to Flash after ransomware attacks BOSTON (Reuters) – Adobe Systems Inc issued an emergency update on Thursday to its widely used Flash software for Internet browsers after researchers discovered a security flaw that was being exploited to deliver ransomware to Windows PCs.
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