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US bill would bar Google, Apple from hosting apps that accept China’s digital yuan

WASHINGTON, May 26 (Reuters) – Republican Senators want to bar US app stores including Apple and Google from hosting apps that allow payments to be made with China’s digital currency, according to a copy of proposed legislation seen by Reuters, amid fears the payment system could allow Beijing to spy on Americans. The bill to …

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Snap says economy deteriorated fast, slashes forecast, stock plummets

May 23 (Reuters) – Snap Inc (SNAP.N)said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off. Since late April, “the macroeconomic environment has deteriorated further and faster than anticipated. As a result, we believe it is likely that we will …

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Microsoft seeks to dodge EU cloud computing probe with changes

BRUSSELS, May 18 (Reuters) – Microsoft (MSFT.O) will revise its licensing deals and make it easier for cloud service providers to compete, its president Brad Smith said on Wednesday, as the US software giant sought to dodge a lengthy EU antitrust probe into its cloud computing business. Microsoft was found 1.6 billion euros ($1.7 billion) …

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Hyundai Motor Group to invest more than $10 billion in US up to 2025

SEOUL, May 22 (Reuters) – Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with US firms in advanced technology. The investments, announced during a visit to Seoul by President Joe Biden, are for robotics, urban air mobility, autonomous driving and artificial …

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Court puts sales ban on Ford’s internet-linked cars in Germany in patent dispute

BERLIN, May 20 (Reuters) – A German court has put a nation-wide sales and production ban on Ford (FN) cars able to establish internet connection, it said, as part of a lawsuit over the violation of wireless technology patents. The verdict by the Munich regional court is not legally binding and can be appealed, it …

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EXCLUSIVE TikTok plans big push into gaming, conducting tests in Vietnam -sources

TikTok app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com register HONG KONG/HANOI, May 19 (Reuters) – TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push …

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Google ‘private browsing’ mode not really private, Texas argument says

WASHINGTON, May 19 (Reuters) – The Google search engine collects data on users who think they can be anonymous if they use a “private browsing” mode, Texas Attorney General Ken Paxton claimed on Thursday, filing an amended privacy lawsuit against the Alphabet Inc. (GOOGL.O) unit. Texas, Indiana, Washington State and the District of Columbia filed …

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Samsung leader Lee excused from trial hearing as Biden to tour S.Korea chip plant

Samsung Electronics Vice Chairman, Jay Y. Lee, leaves the Seoul high court in Seoul, South Korea, October 25, 2019. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com register SEOUL, May 20 (Reuters) – Samsung Electronics Vice Chairman Jay Y. Lee has been excused from attending an accounting trial hearing on Friday, a court …

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EXCLUSIVE Malaysia’s biggest telcos seek majority stake in 5G agency – document

People use their mobile phones at a university in Semenyih, outside Kuala Lumpur, Malaysia November 3, 2017. REUTERS/Lai Seng Sin/File Photo Register now for FREE unlimited access to Reuters.com register Four telcos seek at least 51% of 5G agency DNB – letter to govt Telcos say majority shareholding ‘most viable’ for agreement Telcos want review …

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Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies

OTTAWA, May 19 (Reuters) – Canada on Thursday said it plans to ban the use of China’s Huawei Technologies Co Ltd (HWT.UL) and ZTE Corp (000063.SZ) 5G gear to protect national security, joining the rest of the so -called Five Eyes intelligence-sharing network. “We intend to exclude Huawei and ZTE from our 5G networks,” Industry …

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