Reuters - Technology Report

Click to View in Browser

Thursday, August 17, 2017

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.

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.

Sixt CEO hints at car-sharing merger talks between BMW and Daimler

FRANKFURT (Reuters) - German carmakers Daimler and BMW may be in talks to combine their car-sharing services Car2Go and DriveNow, Sixt chief executive Erich Sixt, whose company owns part of DriveNow, hinted on Thursday.

NAFTA talks must include discussion on fintech: Mexican negotiator

WASHINGTON (Reuters) - Talks to renegotiate the North American Free Trade Agreement (NAFTA) must include a discussion of new financial services, a Mexican negotiator said on Wednesday, singling out so-called fintech companies rapidly gaining ground in the region.

Wisconsin lawmakers debate billions in incentives for Foxconn plant

(Reuters) - The Wisconsin State Assembly on Thursday will consider a $3 billion incentive package for a proposed liquid-crystal display factory by Taiwan's Foxconn, the first vote on the deal by a chamber of the state's Republican-controlled legislature.

Internet firms shift stance, move to exile white supremacists

SAN FRANCISCO (Reuters) - Silicon Valley joined a swelling backlash against neo-Nazi groups in the United States on Wednesday as more technology companies removed white supremacists from their services in response to weekend violence in Charlottesville, Virginia.

Ericsson could shed 25,000 jobs in cost-cutting drive: report

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 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.

Sonova plays catch up with Danish rivals on hearing-aid tech

ZURICH (Reuters) - Sonova on Thursday launched a new hearing aid microchip capable of streaming audio directly from wireless devices as the Swiss company tries to close the gap with Danish competitors that pioneered similar technology years ago.

Cisco's security business revenue misses estimates, shares drop

(Reuters) - Cisco Systems Inc's quarterly revenue in its closely-watched security business missed analysts' estimates, raising concerns about the world's largest networking gear maker's efforts to transform into a software-focused company.