Reuters - Technology Report

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Friday, May 12, 2017

Trump signs order aimed at upgrading government cyber defenses

WASHINGTON (Reuters) - U.S. President Donald Trump signed an executive order on Thursday to bolster the government's cyber security and protect critical infrastructure from cyber attacks, marking his first significant action to address what he has called a top priority.

China's sharing app boom floods sidewalks with bicycles

BEIJING (Reuters) - China's renewed love affair with the bicycle is proving a boon for mobile bike-sharing apps but is causing headaches by congesting city sidewalks.

Foreign business groups push for delay in controversial China cyber law

BEIJING (Reuters) - Overseas business groups are pushing Chinese regulators to delay the June 1 implementation of a controversial cyber law that mandates strict data surveillance and storage for firms working in China, saying the rules would severely hurt business.

U.S. judge calls for criminal probe into trade secrets theft raised in Uber case

SAN FRANCISCO (Reuters) - A U.S. judge on Thursday called for an investigation into allegations of trade secret theft that were raised in a court battle between Silicon Valley giants Uber [UBER.UL] and Alphabet over their rival self-driving car programs.

Thailand gives Facebook until Tuesday to remove 'illegal' content

BANGKOK (Reuters) - Facebook Thailand could face legal action next week after Thai authorities warned Facebook Inc to take down content deemed threatening to national security or violating strict lese majeste laws, the telecoms regulator said on Friday.

Sprint, SoftBank start early deal talks over T-Mobile: BBG

FRANKFURT (Reuters) - Sprint and its controlling shareholder SoftBank have started preliminary conversations to merge with T-Mobile US, Bloomberg reported on Friday, citing people familiar with the matter.

Samsung Electronics creates new contract chip manufacturing division

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Friday it has formed a new division within its semiconductor business for contract chip manufacturing as the firm seeks to attract more customers.

Southeast Asia ride-hailing service Grab says open to more acquisitions

PHNOM PENH (Reuters) - Singapore-headquartered Grab is open to further acquisitions after buying an Indonesian online payments startup, one of the co-founders of the Southeast Asia-focused ride hailing service said.

SoftBank investing $5 billion in China ride hailing firm Didi Chuxing

TOKYO (Reuters) - SoftBank Group Corp said it has agreed to invest $5 billion in China's Didi Chuxing, confirming it led a recent fund-raising round by the ride-hailing firm that sources said valued Didi at more than $50 billion.

Japan's SoftBank invests $500 million in UK tech start-up Improbable

LONDON (Reuters) - British technology start-up Improbable, which specializes in virtual simulation, has raised $502 million from Japan's SoftBank Group Corp, it said on Friday.