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Current feed - Reuters: Technology News

Tesla in advanced talks with LG Chem on battery supply in China: source
U.S. electric vehicle maker Tesla Inc is in advanced talks with South Korea's LG Chem Ltd to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said.

Huawei says U.S. curbs to cut smartphone unit's revenue by over $10 billion
Chinese technology giant Huawei said on Friday the impact of U.S. trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit's revenue lower by about $10 billion this year.

U.S. House lawmakers ask regulators to scrutinize bank cloud providers
Two U.S. lawmakers have called on a top financial regulatory panel to consider direct oversight of the cloud services big tech companies provide to banks, saying they have become a critical component of the global financial system.

Allcoins.pw
China blames Canada for difficulties in relationship, demands Huawei executive be freed
China's embassy in Canada said on Thursday that bilateral ties were suffering "gross difficulties," and demanded Ottawa free Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou.

Pompeo tells Trudeau U.S. focused on release of two Canadians in China
U.S. Secretary of State Mike Pompeo on Thursday assured Canadian Prime Minister Justin Trudeau that American officials were working to free two Canadian men who have been held by China since late last year.

DHL stops deliveries for Amazon Fresh in Germany
(The August 21 story, corrects to read "the market for food ecommerce" in paragraph 1.)

Amazon to acquire minority stake in an Indian supermarket chain operator
Amazon.com Inc is set to snag a 3.58% minority stake in India's Future Retail, which operates more than 1,500 stores in India and owns several supermarket brands, including budget department and grocery store chain, Big Bazaar.

Xiaomi banks on phone data for finance play in India
China's Xiaomi is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable challenges.

Walmart, Tesla look to address issues surrounding solar systems
Walmart Inc and Tesla Inc are looking to address all issues surrounding the solar installations at Walmart stores, the companies said late on Thursday, two days after the retailer sued the electric carmaker for "widespread negligence" that led to repeated fires at the installations.

U.S. state legal chiefs, telecom firms set to crack down on robocalls
Attorneys general from 50 U.S. states and the District of Columbia will announce on Thursday they are joining forces with major telecommunications providers, including AT&T Inc, Verizon Communications Inc, Comcast Corp, Sprint Corp and T-Mobile Us Inc, to crack down on unwanted robocalls, according to a document seen by Reuters.

 

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