Reuters - Technology Report

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Monday, September 11, 2017

Lucky 8? $1,000 price tag dampens iPhone enthusiasm in China

BEIJING (Reuters) - Apple Inc will launch an expected "iPhone 8" on Tuesday, hoping the number's auspicious connotations in China will help turn around fortunes in the world's biggest smartphone market after six quarters of falling sales.

India's auto industry gears up for government's electric vehicles push

NEW DELHI (Reuters) - India's aggressive push to electrify all new vehicles by 2030 is compelling auto part manufacturers and carmakers to draw up early plans for electrification, company executives said.

Vodafone to invest 2 billion euros in German fiber connections

LONDON (Reuters) - Vodafone said it would spend about 2 billion euros ($2.4 billion) to provide around 13.7 million new ultrafast broadband connections to homes and businesses by the end of 2021 in Germany, its biggest European market.

Israel and China sign $300 million 'clean-tech' trade agreement

JERUSALEM (Reuters) - Israel and China have signed a $300 million trade agreement meant to boost the export of Israeli environmental-friendly energy and agricultural technologies to China, Israel's Finance Ministry said on Monday.

Elliott stake in Japan's Hitachi Kokusai complicates stalled KKR bid

TOKYO/HONG KONG (Reuters) - U.S. hedge fund Elliott Management Corp said on Monday it has a stake of just over 5 percent in Hitachi Kokusai Electric , further complicating a stalled bid by U.S. buyout firm KKR & Co LP to acquire the company.

PSA CEO says switch to electric cars must be profitable: paper

FRANKFURT (Reuters) - PSA Group will support newly acquired Opel introducing electric cars but the switch must be profitable for it to be successful, PSA Chief Executive Carlos Tavares told German paper Bild am Sonntag.

Criticism of Equifax data breach response mounts, shares tumble

(Reuters) - Equifax Inc faced a storm of criticism on Friday over a hack that may have compromised personal data for some 143 million Americans, with consumers clamoring for answers and cyber security experts questioning the response to the massive breach.

Bain, SK Hynix group ups bid for Toshiba chip unit to $22 billion: sources

TOKYO (Reuters) - A group including Bain Capital and South Korea's SK Hynix has raised its offer for Toshiba Corp's chip business to 2.4 trillion yen ($22.3 billion) including a 200 billion yen investment in infrastructure, sources familiar with the matter said.

High-speed 4G mobile internet to come into effect in Egypt this month: minister

CAIRO (Reuters) - Egypt's telecoms operators will begin offering high-speed 4G mobile broadband services in September, the telecoms minister said on Monday.

Chinese EV shares surge as government mulls petrol car ban

SHANGHAI (Reuters) - China's new-energy auto firms saw shares surge in Monday morning trade, extending recent strong gains, after a government official said over the weekend that China had begun looking at a ban on traditional petrol-engine cars.