Category: Tech

NEW YORK (Reuters) – Macquarie Group, the world’s largest manager of infrastructure assets, has seeded money in a map system for drones and an electric-vehicle sharing business, it said on Monday. The investments highlight how money managers are looking beyond traditional infrastructure projects, such as toll roads and airports, to burgeoning technologies. “The overarching theme…

(Reuters) – Huawei founder Ren Zhengfei said on Monday that the arrest of his daughter, Huawei Chief Financial Officer Meng Wanzhou, was politically motivated. “Firstly, I object to what the U.S. has done. This kind of politically motivated act is not acceptable,” Ren told the BBC in an interview. Canada arrested Meng on Dec. 1…

(Reuters) – British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations the Chinese firm and its products could be used by Beijing for spying, people with knowledge of the matter said. Huawei, the world’s biggest producer of telecoms equipment, faces intense scrutiny in the West over…

CAIRO (Reuters) – Uber has agreed to pay value-added tax on its services in Egypt, Egyptian officials said on Monday, a move that may help resolve a long-simmering feud with traditional taxi drivers. The agreement would also apply to other ride-hailing companies, the head of the Egyptian Tax Authority, Abdel Azeem Hussein, said, although Uber’s…

FRANKFURT (Reuters) – Germany’s financial watchdog has banned “short” selling of Wirecard shares due to volatility in the payments firm’s stock following reports in the Financial Times which are now the subject of an investigation by German authorities. Munich prosecutors said on Monday they were investigating a Financial Times journalist, confirming that they had widened…

BEIJING (Reuters) – A Chinese government propaganda app that recently became a huge hit was developed by Alibaba, two people at the company told Reuters, at a time when the nation’s tech firms are under global scrutiny over their ties to Beijing. “Xuexi Qiangguo”, which literally translates as ‘Study to make China strong’ and is…

BERLIN (Reuters) – Germany has opened a consultation process on how to tap into the potential of blockchain technology ahead of presenting a strategy by the summer, government sources said on Monday. Berlin is a hub for startup companies of which around 170 in one way or another look at blockchain, the distributed ledger technology…

LONDON (Reuters) – Facebook intentionally breached data privacy and competition law and should, along with other big tech companies, be subject to a new regulator to protect democracy and citizens’ rights, British lawmakers said on Monday. In a damning report that singled out Facebook CEO Mark Zuckerberg for what it said was a failure of…

LONDON (Reuters) – Britain’s Financial Times rejected as “baseless and false” any allegations accusing the newspaper or its reporters of market manipulation or unethical reporting in relation to German payments company Wirecard. On Monday Frankfurter Allgemeine Zeitung said that German authorities have opened an investigation into an FT journalist over reports about Wirecard. The FT…

LONDON (Reuters) – Facebook is “open to meaningful regulation”, it said on Monday after British lawmakers said that big technology companies should be subject to a compulsory code of ethics to tackle the spread of fake news and abuse of users’ data. “We are open to meaningful regulation and support the committee’s recommendation for electoral…