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Current feed - Reuters: Technology News

UK minister: Huawei leaks 'unacceptable', criminal investigation possible
British culture minister Jeremy Wright said on Thursday he could not rule out a criminal investigation over the "unacceptable" disclosure of confidential discussions on the role of China's Huawei Technologies in 5G network supply chains.

UK government launches leak inquiry over Huawei discussions: report
Britain's government has launched a leak inquiry over the disclosure of confidential discussions about the role of China's Huawei Technologies in 5G network supply chains, according to the PoliticsHome website.

Tesla junk bond spreads widens to a record after big loss
Investors are demanding a record risk premium for holding Tesla Inc's $1.8 billion junk bond after the electric car maker posted a $700 million first-quarter loss and signaled it may be in the market for more capital soon.

Britain will not use high-risk vendors in critical parts of 5G networks: minister
Britain will not consider high risk equipment vendors in security critical parts of its next-generation 5G networks, Cabinet Office minister David Lidington said on Thursday.

Verizon opens pre-orders for Samsung 5G phone, adds 20 more cities
Verizon Communications Inc started taking preorders for Samsung's first 5G smartphone in the United States on Thursday, and said it would launch the high-speed wireless service in 20 more cities after Chicago and Minneapolis.

Britain says leak on Huawei is being taken 'very seriously'
The leak of details from a National Security Council meeting on allowing Huawei Technologies a restricted role in building parts of Britain's 5G network is being taken very seriously, Prime Minister Theresa May's deputy said.

Nintendo cautious on Switch China launch timeline, dampens low-cost console talk
Japan's Nintendo Co Ltd cautioned it will take time for the launch of its Switch console in China and dampened speculation about introducing a low-cost version of the device.

Volkswagen plans electric vehicle plant with JAC in China: local government
German automaker Volkswagen AG's joint venture with China's Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory in eastern Hefei city, according to local authorities.

Nokia plunges to surprise quarterly loss, shares hit six-month low
Finland's Nokia plunged to a surprise quarterly loss after it failed to supply 5G telecoms equipment in time, and said the security dispute surrounding rival Huawei was creating pressure to invest as customers reassess their suppliers.

Wirecard seeks to refocus on growth after audit approval
German payments company Wirecard sought on Thursday to refocus on growth after securing audit approval of annual results which had been delayed by allegations of fraud and false accounting at its Singapore office.


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