Today's Top Gadgets & Tech Story

Apple sensor supplier AMS warns of second-quarter slowdown

ZURICH (Reuters) - Chipmaker AMS reported first-quarter sales toward the lower end of its guidance range on Monday and warned of a downturn owing to weaker orders from one of its main customers. Read More

 

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China fund managers slash ZTE valuation after U.S. sanction

SHANGHAI (Reuters) - Chinese funds have slashed valuations of ZTE Corp after the United States banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatened its very survival. More »

 

Netflix to raise $1.5 billion in debt

(Reuters) - Netflix Inc said on Monday it planned to raise $1.5 billion in debt, the second time the company is tapping the debt market in less than a year to fuel a rapid expansion in original content. More »

 

Facebook's hidden data haul troubles German cartel regulator

BONN, Germany (Reuters) - That the personal data of tens of millions of Facebook users fell into the wrong hands is troubling politicians, but Germany's top competition regulator is questioning the sheer volume of information that the social network harvests. More »

 

EU opens competition probe into Apple's bid for music app Shazam

BRUSSELS (Reuters) - EU antitrust regulators opened an investigation on Monday into Apple's bid for British music discovery app Shazam, concerned the deal might give the iPhone maker an unfair advantage in poaching users from its rivals. More »

 

Dubai's Careem hit by cyber attack affecting 14 million users

DUBAI (Reuters) - Careem, Uber's main ride-hailing app rival in the Middle East, was hit by a cyber attack that compromised the data of 14 million users, it said on Monday. More »

 

Exclusive: China's Lishen plans first European sales office for electric vehicle batteries - source

LONDON/BERLIN (Reuters) - Chinese battery maker Tianjin Lishen plans to open a sales office in Germany, its first in Europe, and is in talks to supply local auto makers with batteries used to power electric vehicles, a source at the company told Reuters. More »

 

Volvo Trucks plans to share electric truck battery tech across brands

TOKYO (Reuters) - Volvo Trucks plans to share battery technology across its brands to tame development and production costs for the crucial but expensive component, as the world's second-largest truck maker ramps up electric offerings, the company told Reuters on Monday. More »

 

China's Didi Chuxing launches ride service in Mexico

SAN FRANCISCO (Reuters) - Chinese ride-hailing firm Didi Chuxing on Monday began offering its service in the Mexican city of Toluca, the company said, setting up a potentially costly battle with rival Uber Technologies Inc [UBER.UL] in a key Latin American market. More »

 

Indonesian motorcycle taxi drivers protest low online tariffs

JAKARTA (Reuters) - Hundreds of Indonesian motorcycle taxi drivers working for start-ups Grab and Go-Jek called on Monday for an end to low online fares and demanded tighter regulation of ride-hailing companies. More »

 

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