News highlights – 17 August 2017

Written by on August 18, 2017 in News with 0 Comments

News highlights for 17 August 2017

17 August 2017

The inner structure of Hyundai Motor’s new fuel cell SUV is seen during a media event in Seoul, South Korea August 17, 2017. REUTERS/Kim Hong-Ji

Hyundai plans long-range premium electric car in strategic shift

SEOUL (Reuters) – Hyundai Motor Co said on Thursday it was placing electric vehicles at the center of its product strategy – one that includes plans for a premium long-distance electric car as it seeks to catch up to Tesla and other rivals. Read more…

India may force handset makers to set up servers in country to ensure data protection

NEW DELHI: The government may go to the extent of asking foreign handset makers to set up servers in India as the next step in ensuring the protection of user data, following concerns about security breaches, especially as most Chinese smartphone vendors have servers in their home country. Read more…

Ericsson sues smartphone maker Wiko over patent infringement

STOCKHOLM (Reuters) – Swedish mobile infrastructure firm Ericsson is suing French-Chinese smartphone maker Wiko in two German regional courts over patent infringements, it said on Thursday. Read more…

U.S. e-sports platform to launch $100 million cryptocurrency sale in September

NEW YORK (Reuters) – Unikrn, a U.S. sports betting digital platform backed by some of the biggest names in media, entertainment and sports, will launch the sale of $100 million in cryptocurrency next month, the company’s co-founder and chief executive officer, Rahul Sood, told Reuters in an interview earlier this week. Read more…

ThoughtSpot raises $60 million, ends funding round for artificial intelligence technology

SAN FRANCISCO (Reuters) – Silicon Valley technology company ThoughtSpot has completed a $120 million funding round to fuel the start-up’s new artificial intelligence endeavor. Read more…

Apple’s Cook says he disagrees with Trump, vows donations to rights groups

(Reuters) – Apple Inc CEO Tim Cook has joined a chorus of business leaders who have voiced their opposition to President Donald Trump after he blamed white nationalists and anti-racism activists equally for violence in Virginia over the weekend. Read more…

China targets Alibaba’s Taobao, other e-commerce sites, in VPN crackdown

BEIJING (Reuters) – Chinese authorities have issued a warning to the country’s top e-commerce platforms, including Alibaba Holding Group Ltd’s Taobao.com, over the sale of illegal virtual private networks that allow users to skirt state censorship controls. Read more…

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