Reuters - Technology Report

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Wednesday, October 4, 2017

EU takes Ireland to court for not claiming Apple tax windfall

BRUSSELS (Reuters) - The European Commission said on Wednesday it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc , a move labeled as "regrettable" by Dublin.

Pay Luxembourg 250 million euros in tax, EU orders Amazon

BRUSSELS (Reuters) - The European Union ordered the world's largest online retailer Amazon on Wednesday to pay back about 250 million euros ($294 million) in taxes to Luxembourg, saying it was given an unfair tax advantage from 2003.

Wisconsin, Michigan were key targets of Russia-linked ads on Facebook: CNN

(Reuters) - Russia-linked Facebook ads during last year's U.S. presidential election mainly focussed on the states of Michigan and Wisconsin, CNN reported on Tuesday.

Greek court clears U.S. extradition of Russian bitcoin fraud suspect

ATHENS (Reuters) - A Greek court cleared the way on Wednesday for the extradition to the United States of a Russian, also wanted by Moscow, suspected of laundering billions of dollars in digital currency bitcoin.

Commerzbank, other banks join UBS and IBM trade finance blockchain

NEW YORK (Reuters) - Commerzbank AG, Bank of Montreal, Erste Group Bank AG and CaixaBank SA have joined an initiative launched by UBS Group AG and IBM Corp aimed at building blockchain-based technology to support trade finance transactions.

Foreign government code reviews 'problematic': White House cyber official

WASHINGTON (Reuters) - Allowing foreign governments to require reviews of software secrets of technology products built by U.S. companies is "problematic," the top White House cyber security official said on Tuesday, adding that the increasingly common arrangements presented both security and intellectual property risks.

Yahoo says all three billion accounts hacked in 2013 data theft

(Reuters) - Yahoo on Tuesday said that all 3 billion of its accounts were hacked in a 2013 data theft, tripling its earlier estimate of the size of the largest breach in history, in a disclosure that attorneys said sharply increased the legal exposure of its new owner, Verizon Communications Inc .

Divided Uber board reaches peace with SoftBank, governance deal

SAN FRANCISCO (Reuters) - Uber Technologies Inc's [UBER.UL] fractured board declared peace on Tuesday, attempting to put months of strife behind it by unanimously passing a series of measures to shore up corporate governance, bring in major investor SoftBank and diminish the power of former Chief Executive Travis Kalanick.

Chinese smartphones maker Oppo cleared to open own stores in India

MUMBAI (Reuters) - India has approved smartphones maker Oppo's request to open single-brand retail stores in the country, paving the way for the Chinese firm to sell directly to consumers and add to its existing wholesale business.

Tesla shares recover from bottleneck fears

(Reuters) - Investors put aside worries about Tesla Inc meeting production targets for its Model 3 mass-market sedan to push the electric car maker's shares higher on Tuesday, overturning an initial drop of almost 3 percent.