News

Mobile spyware is one of the most invasive and targeted kinds of unregulated surveillance, since it can be used to track where you go, who you see and what you talk about. And because of its stealthy nature, mobile spyware can be nearly impossible to detect. But now one Y Combinator-backed startup is building an […]

September 27, 2021 By Stephen Nellis (Reuters) – Intel Corp on Friday broke ground on two new factories in Arizona as part of its turnaround plan to become a major manufacturer of chips for outside customers. The $20 billion plants – dubbed Fab 52 and Fab 62 – will bring the total number of Intel […]

September 27, 2021 By Shilpa Jamkhandikar and Sankalp Phartiyal MUMBAI (Reuters) – A merger of India’s Zee and a domestic unit of Japan’s Sony Group Corp will create a television powerhouse to grab more advertising revenue, challenging top rival Walt Disney Co in a key growth market, industry officials said. The Sony-Zee alliance, with about […]

September 27, 2021 By Karen Freifeld, Kenneth Li, Moira Warburton and David Ljunggren (Reuters) -Huawei Chief Financial Officer Meng Wanzhou flew home to China on Friday after reaching an agreement with U.S. prosecutors to end the bank fraud case against her, relieving a point of tension between China and the United States. Within hours of […]

September 27, 2021 WASHINGTON (Reuters) – U.S. Senator Marco Rubio said on Saturday the release of Huawei’s finance chief raised serious questions about President Joe Biden’s ability to confront the threat posed by the technology giant and the Chinese Communist Party. Rubio, in a text message to Reuters, called on the Biden Administration to brief […]

September 27, 2021 By David Kirton and David Stanway SHENZHEN, China/TORONTO (Reuters) – Huawei Chief Financial Officer Meng Wanzhou arrived in China on Saturday, ending her near three-year U.S. extradition fight, the same day two Canadians detained by Beijing for more than 1,000 days returned home, potentially paving the way for improved ties between China […]

September 27, 2021 BEIJING (Reuters) – Tesla Inc’s Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of the July-September quarter, despite a global semiconductor shortage, two sources said. The factory makes the electric Model 3 sedans and Model Y […]

September 27, 2021 WUZHEN, China (Reuters) – Chinese technology executives, facing a crackdown (https://ift.tt/3hrLsrH) by the authorities, pledged support on Sunday for Beijing’s “common prosperity” drive and to help smaller companies. Alibaba Group CEO Daniel Zhang, a prime target (https://ift.tt/3m2Mc7N) of the broad crackdown, told a conference organised by China’s top internet regulator that his […]

September 27, 2021 BEIJING (Reuters) – China’s Geely aims to set up 5,000 battery swapping stations for electric vehicles (EV) globally by 2025, as sales grow in the world’s biggest vehicle market, the automaker said in a statement on Sunday. A battery swapping station allows drivers to change car batteries to power the rides. Chinese […]

September 27, 2021 BEIJING (Reuters) – Chinese cryptocurrency exchange Huobi Global said on Sunday it had stopped taking new mainland customers from Friday and would end contracts with mainland clients by the end of the year to comply with local regulations. China’s regulators intensified a crackdown https://ift.tt/3CHEBSR on Friday, banning cryptocurrency transactions and mining, clarifying […]

September 27, 2021 PARIS (Reuters) – French bank Credit Agricole has offered 100 million euros ($117 million) to acquire auto leasing and computer equipment company Olinn, business daily Les Echos reported on Sunday. Olinn has annual revenues of 175 milion euros and serves 5,300 clients in Europe helping them finance their computer equipment, mobile phones, […]

September 27, 2021 SYDNEY (Reuters) – Digital money transfer group Wise Plc will join an Australian payments network which should allow transfers to be settled in the country faster and at lower cost, Chief Executive Officer Kristo Kaarmann said on Friday. The company will become a direct participant and shareholder in Australia’s New Payments Platform […]

September 27, 2021 (Reuters) -Alphabet Inc’s Google will take a smaller cut when customers buy software from other vendors on its cloud marketplace, CNBC reported on Sunday. The Google Cloud Platform is cutting its percentage revenue share to 3% from 20%, CNBC said, citing a person familiar with the matter. https://cnb.cx/2XZp7ep “Our goal is to […]

September 27, 2021 By Foo Yun Chee BRUSSELS (Reuters) – The U.S.-EU Trade and Technology Council (TTC) will give Europe more clout and set standards and rules for the 21st century, the EU’s trade and digital chiefs said, underscoring global concerns about China’s growing power. The comments by Valdis Dombrovskis and Margrethe Vestager came ahead […]

September 27, 2021 TORONTO (Reuters) -Canada’s “eyes are wide open” when it comes to normalizing its relationship with China, Foreign Minister Marc Garneau said on Sunday, two days after the release of a Huawei executive following almost three years of house arrest in Vancouver. Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou, the daughter […]

September 27, 2021 BERLIN (Reuters) – German sportswear company Puma has the potential to double its sales to more than 10 billion euros ($11.71 billion) in the longer term, Chief Executive Bjorn Gulden was quoted as saying on Monday. Gulden told the Handelsblatt newspaper that Puma is doing well in the third quarter and is […]

September 27, 2021 (Removes repeated phrase in para 3) GENEVA (Reuters) -China lambasted a World Trade Organization (WTO) ruling in a row with the United States over Washington’s measures to limit the import of solar panel cells, calling it “erroneous and dangerous” on Monday. A WTO panel handed a victory to the United States earlier […]

September 27, 2021 SINGAPORE (Reuters) -Royal Bank of Canada’s BlueBay Asset Management has joined BlackRock in accumulating credit exposure to ailing developer China Evergrande in recent months, according to Morningstar, while HSBC and TCW funds have closed positions. Morningstar’s analysis, published on Sept. 24, also showed that UBS and funds at London-based Ashmore Group retained […]

September 27, 2021 (Reuters) -Several Apple Inc and Tesla Inc suppliers have suspended production at some Chinese factories for a number of days to comply with tighter energy consumption policies, putting supply chains at risk in the peak season for electronics goods. Two major Taiwanese chipmakers, however, said their China facilities are operating as normal. […]

September 27, 2021 LONDON (Reuters) – British fashion house Burberry deconstructed its camel trench coat for its women’s spring line on Monday, removing sleeves and in some cases, its back. The collection, called “Animal Instinct”, saw Chief Creative Officer Riccardo Tisci reinvent the label’s trademark piece, adding short capes, turning lapels into long scarves, cutting […]