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MANILA (Reuters) – The outsourcing industry in the Philippines, which has dethroned India as the country with the most call centers in the world, is worried that the rise of artificial intelligence (AI) will eat into the $23 billion sector. AI-powered translators could dilute the biggest advantage the Philippines has, the wide use of English, […]
(Reuters) – Snap Inc is redesigning its disappearing-message app Snapchat in an attempt to reach a broader audience, going back to the drawing board as Wall Street clobbered it for another quarter of slowing user growth. The Venice, California-based firm, whose March stock market debut was the hottest of any tech stock in years, reported […]
FRANKFURT/BERLIN (Reuters) – Germany’s ruling conservatives oppose selling the state’s holding in Deutsche Telekom to raise billions of euros for a national broadband upgrade, preferring instead to divest stock in Deutsche Post, a senior source said. “Can we privatise companies to this end? Yes we can,” said the source, from Chancellor Angela Merkel’s Christian Democratic […]
KATHMANDU (Reuters) – A bank in Nepal is the latest victim in a string of cyber heists targeting the global SWIFT bank messaging system, though most of the stolen funds have been recovered, two officials involved in the investigation confirmed on Tuesday. Hackers last month made about $4.4 million in fraudulent transfers from Kathmandu-based NIC […]
(Reuters) – Chip maker Broadcom Ltd made an unsolicited $103 billion bid for Qualcomm Inc on Monday, setting the stage for a takeover battle that could reshape the industry at the heart of mobile phone hardware. Qualcomm said it would review the proposal but the San Diego-based company is inclined to reject the bid as […]
LONDON (Reuters) – The smartphone-based bank N26 expects to peel away 5 to 10 percent of retail customers aged 18 to 35 from established banks in its core continental European market in the next two to three years, its chief executive told Reuters. The Berlin-based fintech start-up has been signing up 1,500 to 2,000 customers […]
LISBON (Reuters) – Tech companies like Google and Facebook seem like monopolies and need new rules, the organizer of one of the world’s biggest technology summits said. Paddy Cosgrave, whose annual Web Summit takes place in Lisbon this week, joins growing calls for tighter regulation of big technology firms especially after news that Russia may […]
(Reuters) – Communications chipmaker Broadcom Ltd is planning to unveil a bid for smartphone chip supplier Qualcomm Inc by Monday, three sources familiar with the matter said on Friday, an attempt to create a roughly $200-billion company through the biggest technology acquisition ever. A tie-up would combine two of the largest makers of wireless communications […]
SAN FRANCISCO/NEW YORK (Reuters) – Sprint Corp and T-Mobile US Inc said on Saturday they have called off merger talks to create a stronger U.S. wireless company to rival market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own. The announcement marks the latest failed attempt to combine the third- and […]
(Reuters) – By delivering solid financial results that beat Wall Street’s expectations for both revenues and profits on Thursday, Apple Inc’s CEO Tim Cook put to rest concerns that the company’s flagship device, the iPhone X, wouldn’t be ready in time for the holiday shopping season. But beneath the headline revenue and profit figures, Cook […]
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