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Ericsson may lay off around 25,000 employees outside Sweden

Ericsson may lay off around 25,000 employees outside Sweden

Written by on August 17, 2017 in News with 0 Comments

STOCKHOLM (Reuters) – Mobile telecom gear maker Ericsson may lay off around 25,000 employees outside Sweden as part of its savings program, Swedish daily Svenska Dagbladet reported on Thursday, citing unidentified sources at the company. Ericsson said in July it would accelerate measures to meet a target of doubling its 2016 underlying operating margin of […]

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Stunning new Nokia 8 high-end phone breaks the mould

Stunning new Nokia 8 high-end phone breaks the mould

Written by on August 17, 2017 in News with 0 Comments

HELSINKI (Reuters) – HMD Global, the Finnish start-up looking to reinvigorate the Nokia phone brand, unveiled the Nokia 8 on Wednesday, hoping to cash in on rising consumer demand for high-quality audio and video features. The Android device, due out in September, will potentially beat rivals on price but will still face fierce competition, with […]

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Massive data transfer between mobiles without wires or WiFi mooted

Massive data transfer between mobiles without wires or WiFi mooted

Written by on August 17, 2017 in News with 0 Comments

(Reuters) – A startup backed by Tony Fadell, one of the fathers of the Apple iPod, plans to announce Wednesday it is working with Samsung Electronics Co Ltd, Foxconn parent Hon Hai Precision Industry Co Ltd and others on a new way for mobile phones to transfer large amounts of data without using wires or […]

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Bank of England opens up payments system to increase competition

Bank of England opens up payments system to increase competition

Written by on August 16, 2017 in News with 0 Comments

LONDON (Reuters) – The Bank of England has widened access to Britain’s interbank payments system to increase competition from new fintech firms in the financial system, where the “Big Four” high street banks have long dominated. The BoE flagged the plans in May and on Wednesday published a detailed framework to make this happen as […]

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Technology companies urge court to make it harder for government to access personal data

Technology companies urge court to make it harder for government to access personal data

Written by on August 16, 2017 in News with 0 Comments

WASHINGTON (Reuters) – More than a dozen high technology companies and the biggest wireless operator in the United States, Verizon Communications Inc, have called on the U.S. Supreme Court to make it harder for government officials to access individuals’ sensitive cellphone data. The companies filed a 44-page brief with the court on Monday night in […]

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Amazon exploring cutting-edge food technology to gain grocery foothold

Amazon exploring cutting-edge food technology to gain grocery foothold

Written by on August 15, 2017 in Features with 0 Comments

SAN FRANCISCO (Reuters) – Amazon.com Inc is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business. The world’s biggest online retailer has discussed selling ready-to-eat dishes such as beef stew […]

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Online lenders’ stocks soaring but sector’s health a concern

Online lenders’ stocks soaring but sector’s health a concern

Written by on August 15, 2017 in News with 0 Comments

NEW YORK (Reuters) – LendingClub Corp and OnDeck Capital Inc surprised investors on Monday with strong growth forecasts that sent the online lenders’ stocks soaring, but analysts said the sector’s health was still a concern. Online lenders soared in popularity after the financial crisis when banks pulled back from traditional lending and borrowers sought other […]

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Trump moves to pressure Beijing on alleged theft of intellectual property

Trump moves to pressure Beijing on alleged theft of intellectual property

Written by on August 15, 2017 in News with 0 Comments

WASHINGTON (Reuters) – U.S. President Donald Trump returned to Washington on Monday to authorize an inquiry into China’s alleged theft of intellectual property, a step that analysts say is aimed at pressuring Beijing into a negotiated settlement to revise its practices. Trump broke from his 17-day vacation in New Jersey to sign a presidential memorandum […]

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Uber appears to be in self-destruct mode with internal squabbles

Uber appears to be in self-destruct mode with internal squabbles

Written by on August 14, 2017 in News with 0 Comments

SAN FRANCISCO (Reuters) – Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company’s ousted chief executive, Travis Kalanick, dealing another blow to the firm as it struggles to recover from a series of scandals and hire a new leader. On Friday […]

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GoDaddy hosting site boots neo-Nazi website after offensive postings

GoDaddy hosting site boots neo-Nazi website after offensive postings

Written by on August 14, 2017 in News with 0 Comments

(Reuters) – The web hosting company GoDaddy said on Sunday it had given The Daily Stormer 24 hours to move its domain to another provider after the extremist web site posted an article denigrating the woman who was killed at a white nationalist rally in Virginia. “We informed The Daily Stormer that they have 24 […]

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