Science & Technology News

White House to host meeting with tech executives on Huawei ban: sources

July 20, 2019 By David Shepardson and Alexandra Alper WASHINGTON (Reuters) – White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on ...
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Confusion builds over U.S. ban on Chinese surveillance technology

July 19, 2019 By Bryan Pietsch WASHINGTON (Reuters) – Contractors who buy and install Hikvision and Dahua surveillance systems told U.S. officials on Friday that an ambiguous law that bans purchases from the two Chinese ...
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Fed’s Bullard sees cryptocurrencies shifting U.S. financial system

July 19, 2019 NEW YORK (Reuters) – Cryptocurrencies are changing the U.S. currency system in ways that may facilitate illegal activity and instability in prices, St. Louis Federal Reserve President James Bullard said on Friday ...
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UK delay on Huawei 5G decision harming ties, lawmakers say

July 19, 2019 By Jack Stubbs and Michael Holden LONDON (Reuters) – A powerful committee of British lawmakers on Friday urged the next prime minister to decide quickly on the role China’s Huawei will have ...
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Italy’s watchdog says single network controlled by TIM would be ‘backward step’

July 19, 2019 ROME (Reuters) – A single network entity controlled by Italy’s former monopoly phone group Telecom Italia (TIM) <TLIT.MI> would be a “backward step”, the country’s communication watchdog chief Angelo Cardani said on ...
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Russian lawmakers propose making local software mandatory on smartphones

July 19, 2019 MOSCOW (Reuters) – Russian lawmakers want to make it a legal requirement for all smartphones, computers and smart TV sets sold in Russia to come pre-installed with certain Russian software in a ...
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Toyota, China’s BYD team up to develop battery EVs

July 19, 2019 TOKYO (Reuters) – Toyota Motor said it would develop battery electric vehicles (EVs) and batteries with BYD Co Ltd, in a sign it was ramping up partnerships with Chinese players as planned ...
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SoftBank raises $270 million via Seoul unit for early-stage investments

July 19, 2019 By Sam Nussey TOKYO (Reuters) – SoftBank Group Corp said on Friday its Seoul-based venture capital unit focusing on early-stage investments has raised a 317 billion won ($270 million) fund. SoftBank Ventures ...
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Wirecard to handle card payments for ALDI supermarket chains

July 19, 2019 FRANKFURT (Reuters) – Wirecard, the German payments company, said on Friday it had signed an agreement with supermarket chains ALDI Nord and ALDI Sued to process card payments at all their stores ...
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BMW, Tencent to open computing center in China for self-driving cars

July 19, 2019 BEIJING (Reuters) – German automaker BMW <BMWG.DE> and Chinese online gaming giant Tencent Holdings <0700.HK> are teaming up to launch a computing center in China that will help develop self-driving cars in ...
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Global drone market estimated to reach $14 billion over next decade: study

July 17, 2019 By Bryan Pietsch WASHINGTON (Reuters) – The worldwide non-military drone market, dominated by manufacturers in China, will triple in size to $14.3 billion in sales over the next decade, a study released ...
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Italy to drop emergency legislation on 5G golden powers

July 17, 2019 By Giuseppe Fonte and Elvira Pollina ROME (Reuters) – Italy has bowed to pressure from Chinese telecoms equipment makers Huawei Technologies and ZTE and will drop emergency legislation strengthening state powers to ...
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Smaller cryptocurrencies feel pain as criticism of Facebook’s Libra grows

July 17, 2019 By Tom Wilson LONDON (Reuters) – Bitcoin hasn’t been the only casualty of the backlash by the world’s major economic powers against Facebook’s plans for a cryptocurrency, with smaller digital coins also ...
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IMF says regulators must address possible risks from Facebook’s Libra

July 17, 2019 WASHINGTON (Reuters) – Facebook Inc’s planned cryptocurrency, Libra, could help boost financial inclusion, but also raises concerns about consumer protection, data privacy, and potential “backdoor dollarization,” the IMF’s chief economist said on ...
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Huawei says Italy’s new 5G powers discriminate against it

July 17, 2019 ROME (Reuters) – Chinese telecoms equipment group Huawei Technologies criticised the Italian government’s newly beefed-up powers to intervene in the development of fifth-generation (5G) telecom services, saying they discriminated against the company ...
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