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June 10, 2021

COMS08

S.Korea considers vaccinating workers at major companies

Reuters
South Korea is considering plans to vaccinate workers at key businesses including chip and electronics firms to minimise disruptions to production, the government said on Thursday, amid global efforts to boost supply of scarce computer chips. The labour ministry has sent letters to companies including Samsung Electronics Co Ltd (005930.KS),......

Market power of Siri, Alexa, Google a concern, EU regulators say

Reuters
The market dominance of Amazon’s (AMZN.O) Alexa, Apple’s (AAPL.O) Siri and Alphabet’s (GOOGL.O) Google Assistant has triggered concerns of potential anti-competitive practices, EU antitrust regulators said on Wednesday. The comments from the European Commission come after a year-long inquiry into voice assistants and other internet-connected devices and responses from more......

Top U.S. antitrust lawmaker targets Big Tech with new bills -sources

Reuters
Lawmakers in the House of Representatives are working on drafts of five antitrust bills, four of them aimed directly at reining in Big Tech, and may introduce them within days, according to three sources familiar with the matter. Reuters has read discussion drafts of five measures. Sources familiar with the......

U.S. withdrawing Trump executive orders that sought to ban TikTok, WeChat

Reuters
A picture of U.S. President Donald Trump is seen on a smartphone in front of displayed Tik Tok and WeChat logos in this illustration taken September 18, 2020. REUTERS/Dado Ruvic/Illustration President Joe Biden is withdrawing a series of executive orders that sought to ban new downloads of WeChat and TikTok......

EXCLUSIVE Apple, Chinese manufacturers in talks on U.S. car battery factory -sources

Reuters
Apple Inc (AAPL.O) is in early-stage talks with China’s CATL (300750.SZ) and BYD (002594.SZ), about the supply of batteries for its planned electric vehicle, four people with knowledge of the matter said. The discussions are subject to change and it is not clear if agreements with either CATL or BYD......

China’s Shenzhen dangles financial incentives to spur satellite sector

Reuters
The central business area that lit up during a light show is seen ahead of the 40th anniversary of China’s reform and opening up in Shenzhen, Guangdong province, China December 4, 2018. REUTERS/Thomas Suen China’s southern tech city of Shenzhen said on Monday it would offer up to 300 million......

Apple will enable storage of IDs like drivers licenses on iPhones

Reuters
Apple Inc (AAPL.O)on Monday said it will offer the ability to store state-issued identification cards digitally on iPhones and that it is working with the U.S. Transportation Security Administration to accept the digital IDs at airports, one of several updates to the software that runs on its devices. It also......

U.S. tech giant shares unmoved on G7 tax deal

Reuters
FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo Shares in U.S. technology giants were flat to slightly lower in premarket trading, little changed by the landmark global minimum corporate tax dealagreed between the world’s richest nations. The Group of Seven (G7) advanced economies agreed......

G7 nations reach historic deal to tax big multinationals

Reuters
A group of the world’s richest nations reached a landmark deal on Saturday to close cross-border tax loopholes used by some of the world’s biggest companies. The Group of Seven said it would back a minimum global corporation tax rate of at least 15%, and put in place measures to......

Global equities nearly grasp all-time record, dollar drops after U.S. jobs data

Reuters
Global stocks rallied on Friday and closed near all-time highs, and oil and gold rose while the dollar dropped after U.S. jobs data was strong but not as robust as expected, easing investor worries that the Federal Reserve would soon rein in monetary stimulus. U.S. employers increased hiring in May......

Huawei launches new operating system for phones, eyes ‘Internet-of-Things’ market

Reuters
China’s Huawei Technologies (HWT.UL) launched its Harmony operating system for smartphones on Wednesday, looking to recover from U.S. sanctions that have hobbled its handset business. Huawei will start rolling out HarmonyOS on selected smartphone models, offering users the chance to switch from the current operating system based on Google’s Android......

Taiwan says working hard to get vaccines, infections fall

Reuters
Soldiers wear protective suits as they disinfect a street following the recent surge of coronavirus disease (COVID-19) infections, in Tucheng district of New Taipei City, Taiwan May 27, 2021. REUTERS/Ann Wang Taiwan is working hard to get the almost 20 million COVID-19 vaccines it has ordered as soon as possible......

EXCLUSIVE Hyundai to slash combustion engine line-up, invest in EVs – sources

Reuters
Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters. The move will result in a 50% reduction in models powered by fossil fuels, one of......

Lenovo’s Q4 profit growth of 512% beats estimates

Reuters
The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration China’s Lenovo Group (0992.HK) on Thursday posted a better-than-expected rise of 512% in fourth-quarter profit, as more consumers working and studying from home powered demand for the world’s biggest maker of personal computers. Profit for the......

Amazon snaps up James Bond owner MGM for $8.45 bln as streaming war heats up

Reuters
Amazon.com Inc (AMZN.O) said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+. Privately-held MGM, or Metro......

District of Columbia accuses Amazon of unfair pricing strategies in new suit

Reuters
Signage is seen at an Amazon facility in Bethpage on Long Island in New York, U.S., March 17, 2020. REUTERS/Andrew Kelly/File Photo Washington, DC’s attorney general filed a lawsuit against Amazon.com (AMZN.O) on Tuesday, alleging the online retailer broke antitrust law by requiring that third-party sellers not offer better deals......

Biden, South Korea’s Moon express willingness to engage North diplomatically

Reuters
U.S. President Joe Biden and South Korean President Moon Jae-in on Friday expressed a desire to engage North Korea in diplomacy in trying to reduce tensions over Pyongyang’s nuclear weapons and ballistic missile programs. “We both are deeply concerned about the situation,” Biden said at the start of a joint......

Apple’s Tim Cook says ‘threat profile’ of iPhone justifies App Store rules

Reuters
Apple Inc (AAPL.O) Chief Executive Tim Cook on Friday told a court that threatsto iPhone security and privacy required tight control of the App Store, which “Fortnite” game maker Epic Games says is a monopoly that Apple illegally abuses. The testimony constitutes Cook’s most extensive public remarks on the App......

Vietnam shuts industrial parks housing Foxconn plants after COVID-19 outbreak

Reuters
Vietnam’s northern province of Bac Giang ordered on Tuesday four industrial parks, including three that house production facilities of Taiwan’s Foxconn (2317.TW), to temporarily shut down due to an outbreak of COVID-19. The industrial parks will be closed until further notice, the province’s People’s Committee said in a statement. “We......

Parler returns to Apple’s App Store, names new CEO

Reuters
Silhouette of a mobile user seen next to a screen projection of the Apple logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Parler, a social media app popular with U.S. conservatives, returned to Apple Inc ‘s App Store on Monday, after the iPhone maker dropped it......

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