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(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 […]
News highlights for 6 November 2017 Wells Fargo launches robo adviser for low cost investments (Reuters) – Wells Fargo Inc on Monday launched a new robo-adviser to give first-time investors a low-cost option to invest, joining other financial firms in the hunt for tech-savvy customers looking to enter the markets. Read more… iPhone X may […]
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 […]
VANCOUVER (Reuters) – Amazon Inc said on Friday that it will a open second corporate office in Vancouver, doubling its staff in the western Canadian city by early 2020 as it looks to tap into a burgeoning local tech workforce. The Seattle-based company said the Vancouver expansion has been in the works for some time […]
News highlights for 5 November 2017 Amazon will be allowed to undercut rivals down under SYDNEY (Reuters) – Competition laws will allow Amazon to undercut local businesses with loss-making prices when it opens for business in Australia, expected to be later in November, the Australian competition regulator said on Saturday. Read more… Singapore outlines plan […]
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 […]
Asia’s businesses are leading the world in Internet of Things (IoT) adoption, with the number of companies embracing connected devices soaring 200% from 2013 to stand at 36% in 2017, according to a new report by Vodafone. Key findings from the Vodafone IoT Barometer 2017/18 report: 77% of Asia’s businesses see IoT as mission-critical to […]
(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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