Today's Top Gadgets & Tech Story

China's ZTE estimates at least $3.1 billion loss from U.S. sanctions: Bloomberg

BEIJING (Reuters) - China's ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington's ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources. Read More

 

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Israel's defense expertise drives tech boom for autonomous cars

SHFAYIM, Israel (Reuters) - Technology that has helped Israel's military drive tanks, guide and intercept missiles, and keep its computer systems secure is being redeployed in the development of driverless cars. More »

 

Mobile payment firms struggle to dethrone cash in Southeast Asia

SINGAPORE/HANOI (Reuters) - Bui Mai Phuong is an avid online shopper, ordering anything from clothing to personal-care products from her smartphone. But she prefers to pay with cash. More »

 

Foxconn's unit targets raising $4.3 billion in biggest China IPO since 2015

TAIPEI/SHANGHAI (Reuters) - Foxconn Industrial Internet <601138.SS>, a subsidiary of the world's largest contract manufacturer Foxconn <2317.TW>, announced plans to raise up to 27.1 billion yuan ($4.26 billion) in what will be mainland China's biggest IPO in almost three years. More »

 

Trump floats management changes instead of sanctions for China's ZTE

WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp <000063.SZ> <0763.HK> and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company. More »

 

Facebook face-off: EU gets little news from Zuckerberg

BRUSSELS (Reuters) - Facebook CEO Mark Zuckerberg sailed through a grilling from EU lawmakers about the social network's data policies as lengthy questions left the 34-year-old American little time to answer. More »

 

Yelp seeks to revive EU antitrust complaint against Google

SAN FRANCISCO (Reuters) - Yelp Inc said on Tuesday it has renewed a European antitrust complaint against Alphabet Inc's Google, seeking to gain traction on a longstanding accusation that the search giant unfairly promotes its own services in results. More »

 

Sony in $2.3 billion deal for EMI, becomes world's biggest music publisher

TOKYO (Reuters) - Sony Corp <6758.T> said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world's largest music publisher in an industry that has found new life on the back of streaming services. More »

 

EU antitrust official sees more scrutiny for Facebook, others

ROME (Reuters) - Facebook and other tech giants may attract more regulatory scrutiny in future because of their market power, a senior EU antitrust official said on Tuesday. More »

 

Acer to unveil new Chromebooks, next step in Google's business pitch

SAN FRANCISCO (Reuters) - Acer Inc will unveil its first line of high-end laptops running Google's Chrome OS on Wednesday, an executive told Reuters, as the computer maker looks to help Google in its effort to win over business users after taking the U.S. education market by storm. More »

 

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