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June 11, 2021

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AT&T beats revenue, wireless subscribers estimates

Reuters
April 22 (Reuters) – AT&T Inc’s wireless subscriber additions more than doubled first-quarter estimates, as the reopening of the U.S. economy after months of pandemic-led restrictions boosted its smartphone sales and media business, pushing revenue past Street targets. The company said on Thursday it added 595,000 net wireless phone subscribers......

Ireland launches inquiry into Facebook after reports of data leak

Reuters
FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration//File Photo DUBLIN (Reuters) -Ireland’s Data Protection Commission (DPC) said on Wednesday it had launched an inquiry into Facebook Inc, after a dataset reported to contain personal data relating to......

China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

China’s Ant Group to become financial holding company: central bank

Reuters
FILE PHOTO: A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo BEIJING (Reuters) – Ant Financial, the fintech affiliate of Alibaba Group Holding Ltd,......

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Reuters
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo/File Photo SHANGHAI (Reuters) -Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4% of its revenues in 2019 – for violating anti-monopoly rules and abusing its......

Swiss luxury watchmakers learn to love the pre-owned market

Reuters
ZURICH, April 7 (Reuters) – Swiss luxury watch brands have long considered the market for pre-owned watches as a potential threat to their business, but now their view is shifting as they see it can provide valuable insights into pricing and demand. Initially seen as cannibalising sales of new watches,......

Twitter says in process of identifying new independent board director

Reuters
April 1 (Reuters) – Twitter Inc said on Thursday it was in the process of identifying a new independent director for its board. The company also said board member Jesse Cohn, who is also hedge fund Elliott Management’s head of U.S. equity activism, will be nominated for re-election as a......

Facebook messaging service gets delayed Brazil nod for payments

Reuters
FILE PHOTO: A logo of WhatsApp is pictured on a T-shirt worn by a WhatsApp-Reliance Jio representative during a drive by the two companies to educate users, on the outskirts of Kolkata, India, October 9, 2018. REUTERS/Rupak De Chowdhuri SAO PAULO (Reuters) – Brazil’s central bank on Tuesday cleared the......

Europe needs $355 billion for 5G rollout, industrial study says

Reuters
BRUSSELS (Reuters) – Europe needs to pump 300 billion euros ($355 billion) into its telecoms infrastructure by 2025 if it wants to roll out super fast 5G across the 27-country bloc to boost economic growth and tap the potential of the technology, a report said on Thursday. The study by......

China regulators held talks with Alibaba, Tencent, ByteDance on ‘deepfake’ technologies

Reuters
BEIJING (Reuters) – China’s cyberspace regulator said on Thursday it and the public security ministry had held talks with Alibaba, Tencent, ByteDance and Kuaishou on potential problems with ‘deepfake’ technologies. Deepfake technology merges, replaces or superimposes content on a video, making it appear to be authentic. Reporting by Yingzhi Yang......

Twitter’s Dorsey to convert proceeds from auction of first ever tweet to bitcoin

Reuters
FILE PHOTO: Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. REUTERS/Anushree Fadnavis/File Photo (Reuters) – Twitter Inc boss Jack Dorsey said on Tuesday he will convert proceeds from the digital auction of the first......

U.N. special envoy on Myanmar says 38 killed on Wednesday

Reuters
NEW YORK, March 3 (Reuters) – United Nations special envoy on Myanmar, Christine Schraner Burgener, said 38 people had been killed in the Southeast Asian nation on Wednesday. Myanmar security forces opened fire on protests against military rule on Wednesday, a day after neighbouring countries called for restraint and offered......

Facebook switches news back on in Australia, signs content deals

Reuters
By Renju Jose, Jonathan Barrett SYDNEY (Reuters) – Facebook Inc ended a one-week blackout of Australian news on its popular social media site on Friday and announced preliminary commercial agreements with three small local publishers. FILE PHOTO: A 3D-printed Facebook logo is seen in front of a displayed Australian flag......

Epic Games takes Apple fight to EU antitrust regulators

Reuters
BRUSSELS (Reuters) – Fortnite creator Epic Games has taken its fight against Apple to EU antitrust regulators after failing to make headway in a U.S. court in a dispute over the iPhone maker’s payment system on its App Store and control over apps downloads. The two companies have been locked......

Facebook building Clubhouse-like audio chat product: New York Times

Reuters
FILE PHOTO: Facebook logo displayed on a mobile phone is seen through a magnifying glass in this picture illustration taken February 9, 2021. REUTERS/Carlos Jasso (Reuters) – Facebook Inc is building a new audio chat product similar to audio-based social network Clubhouse, the New York Times reported on Wednesday, citing......

EU privacy agency urges more safeguards to curb U.S. tech giants

Reuters
FILE PHOTO: FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo./File Photo BRUSSELS (Reuters) – EU privacy watchdog EDPS on Wednesday backed the bloc’s push to curb the power of Apple, Amazon, Alphabet unit Google and Facebook via new tough rules and suggested more safeguards......

Explainer: The Indian Twitter rival staging a Koo

Reuters
NEW DELHI (Reuters) – Indian social-media app Koo is witnessing a surge in popularity, fuelled by politicians and others flocking to it after U.S. rival Twitter Inc refused to follow a government order to block certain content on its platform. FILE PHOTO: Twitter logo is seen on smartphone in front......

Parler terminates CEO John Matze

Reuters
By Reuters Staff 1 Min Read Feb 3 (Reuters) – Social media platform Parler has terminated CEO John Matze, according to a text by Matze to Reuters. (Reporting by Kanishka Singh in Bengaluru Editing by Chris Reese) Our Standards: The Thomson Reuters Trust Principles. Source – For more click here......

Parler loses bid to have service restored by Amazon

Reuters
By Elizabeth Culliford, Jonathan Stempel FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo (Reuters) – A federal judge on Thursday rejected Parler’s demand that Amazon.com Inc restore web hosting services for the social media platform, which......

UPDATE 1-Business investments into Singapore rise 13%, highest in over a decade

Reuters
(Adds details, quotes) SINGAPORE, Jan 20 (Reuters) – Business investment commitments into Singapore rose 13% last year to their highest in more than a decade, helped by sectors such as semiconductors, energy and chemicals even as the city-state suffered its worst recession from the COVID-19 pandemic. Commitments for investments in......

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