Reuters - Technology Report

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Monday, July 29, 2019

China's ByteDance, after Smartisan deal, says developing smartphone

Chinese social media firm ByteDance Ltd said on Monday it is developing a smartphone, following a deal it made with device maker Smartisan Technology.

Chipmaker TowerJazz second-quarter profit drops less than forecast, to expand capacity

Chip manufacturer TowerJazz posted a drop in second quarter profit as revenue fell due to a price cut for a renewed contract, and said it would invest $100 million to expand production capacity at a plant in Japan to meet growing demand.

Grab commits $2 billion to Indonesia with SoftBank's backing

Southeast Asian ride-hailing firm Grab on Monday said it will invest $2 billion into Indonesia over five years using capital from Japan's SoftBank Group Corp, marking its biggest commitment in the region's most populous market.

African cattle investing - the new cash cow?

Cattle have long been considered a measure of wealth across Africa - but it is not just farmers cashing in.

Deal-hungry Takeaway.com delivers $10 billion Just Eat takeover

Amsterdam-based online food delivery firm Takeaway.com has agreed to buy Just Eat in an all-share deal valuing the combined group, which will be one of the sector's largest, at about 8.2 billion pounds ($10.1 billion).

From Belarus to Bahrain, the small states going big on cryptocurrency

When Belarusian President Alexander Lukashenko met entrepreneur Viktor Prokopenya in March 2017, their discussion was scheduled to last for an hour but went on for three times that long.

Trump says U.S. could tax French wine in retaliation for digital tax

U.S. President Donald Trump threatened to tax French wines on Friday in retaliation for France's recent proposal to levy a tax aimed at big U.S. technology companies.

France urges Trump: 'Don't mix digital taxes and wine tariffs'

Finance Minister Bruno Le Maire said on Saturday that France would proceed with taxing revenues of big technology firms and urged the United States not to bring trade tariffs into the debate on how to fairly raise levies on digital services.

U.S. Department of Justice approves T-Mobile, Sprint tie-up

The U.S. Justice Department said it was greenlighting T-Mobile US Inc's request to acquire rival Sprint Corp after the companies agreed to divest Sprint's prepaid businesses including Boost Mobile to Dish Network Corp in an effort to create a new wireless competitor.

U.S. to deny tariff relief for Apple Mac Pro parts from China: Trump

U.S. President Donald Trump on Friday said his administration would not grant Apple Inc any relief for tariffs on parts made in China for its Mac Pro computer and later added he thought the firm would build a plant in Texas.