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- Canada frees CFO of China's Huawei on bail; Trump might intervene
Wed, 12 Dec 2018 13:19:56 -0500
A top executive of Chinese telecoms giant Huawei Technologies Co Ltd was granted bail by a Canadian court on Tuesday, 10 days after her arrest in Vancouver at the request of U.S. authorities sparked a diplomatic dispute.
- Canada minister to speak about extradition as China dispute worsens
Wed, 12 Dec 2018 13:19:56 -0500
Canadian Foreign Minister Chrystia Freeland will hold a news conference to discuss extradition procedures on Wednesday, a day after U.S. President Donald Trump said he might intervene in the extradition case of Huawei Technologies' executive Meng Wanzhou.
- FCC affirms that wireless carriers can block unwanted text messages
Wed, 12 Dec 2018 13:05:52 -0500
The Federal Communications Commission voted on Wednesday to clarify that wireless carriers have the authority to block unwanted or spam text messages, but Democrats warned the decision would allow carriers to block or censor texts that customers send.
- Intel plans 'stacked' circuits in bid to regain its chipmaking lead
Wed, 12 Dec 2018 13:01:00 -0500
Intel Corp said on Wednesday that it has developed a way to stack its computing circuits on top of one another in a bid to regain the lead in chip manufacturing technology that it has lost to rivals like Taiwan Semiconductor Co Ltd in recent years.
- Amazon aims at office workers with compact cashier-less food store
Wed, 12 Dec 2018 11:21:35 -0500
Amazon.com Inc on Wednesday opened a compact version of its cashier-less Amazon Go food stores, broadening its footprint in the bricks-and-mortar world in a move to add shops in places such as office lobbies and hospitals.
- China's Tencent Music raises nearly $1.1 billion in U.S. IPO
Wed, 12 Dec 2018 06:41:36 -0500
China-based music streaming company Tencent Music Entertainment Group said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range.
- Samsung to shut mobile phone plant in China's Tianjin
Wed, 12 Dec 2018 05:54:15 -0500
Samsung Electronics will cease operations at one of its mobile phone manufacturing plants in China, the company said, as its sales in the world's biggest smartphone market slumps amid rising competition from lower-cost local rivals.
- Cryptoassets should be 'outlawed' - Allianz GI CEO
Wed, 12 Dec 2018 04:42:00 -0500
The head of one of Europe's largest asset managers has called for global regulators to ban cryptoassets, scorning them for wiping out people's savings.
- Mobility tech firm Optibus raises $40 million, Alibaba takes stake
Wed, 12 Dec 2018 04:31:04 -0500
U.S.-Israeli mobility technology company Optibus said on Wednesday it raised $40 million in a private funding round led by Insight Venture Partners and with a strategic investment from the Alibaba Group.
- Millimeter perfect harmony pitched in quest for 5G economic boost
Wed, 12 Dec 2018 02:09:34 -0500
Ultra-short-wave mobile spectrum could add $565 billion to global economic output over the next 15 years if used to connect robots or other applications, the telecoms industry estimates.
- Police sound 'all clear' after bomb threat at Facebook's Silicon Valley campus
Wed, 12 Dec 2018 01:26:54 -0500
A bomb threat prompted authorities on Tuesday to evacuate a building at the Silicon Valley headquarters of Facebook Inc , police said, but gave the "all clear" after an hours-long search turned up no sign of a device.
- Indonesia's Tokopedia secures $1.1 billion from Alibaba, SoftBank
Tue, 11 Dec 2018 23:42:59 -0500
Indonesian e-commerce company Tokopedia said on Wednesday that it had secured $1.1 billion in its latest funding round led by Chinese e-commerce giant Alibaba Group Holding Ltd and Japan's SoftBank Group Corp .
- Google studies steps to open representative office in Vietnam, government says
Tue, 11 Dec 2018 23:04:16 -0500
Alphabet Inc's Google is studying steps toward opening a representative office in Vietnam, the government of the Southeast Asian nation said on its website, citing Google's Senior Vice President Kent Walker.
- U.S. weighs China travel warning over Huawei case: sources
Tue, 11 Dec 2018 21:29:09 -0500
The United States is considering issuing a new warning to U.S. citizens, including business executives, traveling to China after Canada arrested a senior Huawei Technologies Co Ltd [HWT.UL] executive at Washington's request, two sources said on Tuesday.
- Google has 'no plans' to launch Chinese search engine: CEO
Tue, 11 Dec 2018 20:33:32 -0500
Google has "no plans" to relaunch a search engine in China though it is continuing to study the idea, Chief Executive Sundar Pichai told a U.S. congressional panel on Tuesday amid increased scrutiny of big tech firms.
- Exclusive: Trump says he could intervene in U.S. case against Huawei CFO
Tue, 11 Dec 2018 18:59:57 -0500
U.S. President Donald Trump said on Tuesday he would intervene in the Justice Department's case against a top executive at China's Huawei Technologies [HWT.UL] if it would serve national security interests or help close a trade deal with China.
- China's hacking against U.S. on the rise: U.S. intelligence official
Tue, 11 Dec 2018 16:53:53 -0500
A senior U.S. intelligence official said on Tuesday that Chinese cyber activity in the United States had risen in recent months, targeting critical infrastructure in what may be attempts to lay the groundwork for future disruptive attacks.
- U.S. derivatives regulator launches consultation on ether
Tue, 11 Dec 2018 16:34:43 -0500
The U.S. derivatives regulator on Tuesday said it was launching a formal consultation on the uses of ether as it aims to more closely scrutinize the virtual currency markets.
- U.S. voices concern about detention of Canadian in China
Tue, 11 Dec 2018 15:50:31 -0500
The U.S. State Department expressed concern on Tuesday about reports a Canadian citizen has been detained in China following the arrest of Huawei Technologies' [HWT.UL] chief financial officer in Canada, and it urged Beijing to end arbitrary detentions.
- Defunct startup Sidecar sues Uber: 'hell-bent on stifling competition'
Tue, 11 Dec 2018 15:17:56 -0500
Defunct startup Sidecar Technologies Inc, which pioneered on-demand ride-hailing, is suing Uber Technologies Inc [UBER.UL], alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business.