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Updated: 29 min 41 sec ago

Customers angry after National Australia Bank hit by technology outage

Sat, 05/26/2018 - 11:05
MELBOURNE (Reuters) - National Australia Bank on Saturday suffered what it described as a "nationwide outage" to some of its technology systems, leaving customers unable to access banking services or withdraw money.

Tesla seeks to dismiss securities fraud lawsuit: U.S. court document

Sat, 05/26/2018 - 08:05
SAN FRANCISCO (Reuters) - Tesla Inc on Friday asked a court to dismiss a securities fraud lawsuit by shareholders who said the electric vehicle maker gave false public statements about the progress of producing its new Model 3 sedan.

U.S. reaches deal to keep China's ZTE in business: congressional aide

Sat, 05/26/2018 - 05:34
WASHINGTON (Reuters) - The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior congressional aide said on Friday.

Tesla agrees to settle class action over Autopilot billed as 'safer'

Sat, 05/26/2018 - 04:02
NEW YORK (Reuters) - Tesla Inc on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company's assisted-driving Autopilot system was "essentially unusable and demonstrably dangerous."

Apple sees steep increase in U.S. national security requests

Sat, 05/26/2018 - 03:58
(Reuters) - Apple Inc on Friday issued its twice yearly transparency report on government data requests, showing another sharp increase in U.S. national security-related requests.

T-Mobile says ex-Trump campaign manager advising on Sprint merger

Sat, 05/26/2018 - 03:16
WASHINGTON (Reuters) - T-Mobile US said it is getting advice on its proposed $26 billion merger with Sprint Corp from a lobbying firm whose staff includes several members of President Donald Trump's election team such as former campaign manager Corey Lewandowski.

U.S. reaches deal to keep Chinese telecom ZTE in business: congressional aide

Sat, 05/26/2018 - 01:48
WASHINGTON (Reuters) - The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior congressional aide said on Friday.

Exclusive: Tesla flies in new battery production line for Gigafactory

Sat, 05/26/2018 - 01:31
FRANKFURT/SAN FRANCISCO (Reuters) - Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan, people familiar with the matter told Reuters this week.

U.S. reached deal to keep Chinese telecom ZTE in business: congressional aide

Sat, 05/26/2018 - 00:53
WASHINGTON (Reuters) - The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior congressional aide said on Friday.

Exclusive: Total's Saft plans over 200 million euros investment in next generation battery

Sat, 05/26/2018 - 00:33
PARIS (Reuters) - French battery maker Saft, a unit of oil and gas major Total said on Friday it plans to invest over 200 million euros ($233 million) in a next generation European battery alliance project.

Tesla settles class action lawsuit over 'dangerous' Autopilot system

Fri, 05/25/2018 - 20:11
NEW YORK (Reuters) - Tesla on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company's assisted-driving Autopilot system was "essentially unusable and demonstrably dangerous."

Merkel calls for Germany and China to regear relations for digital era

Fri, 05/25/2018 - 20:06
SHENZHEN (Reuters) - Berlin and Beijing must revamp their relationship to adapt to digital changes, said Angela Merkel, who has made the issue a top priority of her fourth term as German Chancellor.

EU privacy law enters into force, activist takes aim

Fri, 05/25/2018 - 19:09
BRUSSELS (Reuters) - New European privacy regulations went into effect on Friday that will force companies to be more attentive to how they handle customer data.

Kenya moves to regulate fintech-fuelled lending craze

Fri, 05/25/2018 - 18:42
NAIROBI (Reuters) - Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cellphones without a bank account.

South Africa investigates $80 million bitcoin scam

Fri, 05/25/2018 - 17:01
JOHANNESBURG (Reuters) - South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million) with promises of huge returns that never materialized, police said on Friday.

China to use cornerstones to help Alibaba, Xiaomi list in mainland: sources

Fri, 05/25/2018 - 16:15
HONG KONG/BEIJING (Reuters) - China plans to use cornerstone investors to help its overseas-listed tech giants such as Alibaba and Xiaomi [IPO-XMGP.HK] to sell shares at home, on worries the size of the deals could overwhelm mainland markets, three sources said.

Austrian data privacy activist takes aim at 'forced consent'

Fri, 05/25/2018 - 16:12
VIENNA/LONDON (Reuters) - As Europe's new privacy law took effect on Friday, one activist wasted no time in asserting the additional rights it gives people over the data that companies want to collect about them.

Tencent's WeChat drops 'sugar daddy' dating website

Fri, 05/25/2018 - 13:10
BEIJING (Reuters) - China's top social media app WeChat has removed "sugar daddy" dating website SeekingArrangement from its platform, after a recent surge in the popularity of the U.S.-founded service attracted scrutiny from state media.

EU privacy law heralds new era in online data protection

Fri, 05/25/2018 - 13:09
BRUSSELS (Reuters) - New European privacy regulations that go into effect on Friday will force companies to be more attentive to how they handle customer data, while bringing consumers both new ways to control their data and tougher enforcement of existing privacy rights.

Apple blocks Steam's plan to extend its video games to iPhones

Fri, 05/25/2018 - 09:31
(Reuters) - Apple Inc has blocked the plans of the biggest distributor of PC-based video games to extend its reach into iPhones, according to the game distributor, a sign that Apple is serious about protecting its ability to take a cut of digital purchases made inside games on its mobile devices.

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