16 July 2019


  • Having become an insignificant player in India, Apple is realizing that it needs to step up its game in the world’s second-biggest smartphone market. Photo: Bloomberg

    Why Apple is boosting iPhone production in India

    - Jul 16, 2019 1:41pm
    As the US-China trade war drags on, Apple is tweaking its iPhone manufacturing strategy, aiming to reduce the firm’s over-reliance on production at Chinese factories. To cut the potential risks, the firm has begun to focus...
  • Symantec's failure to seal a deal with Broadcom raises new questions over the future of the US-based antivirus software provider. Photo: Bloomberg

    Symantec ends talks to sell to Broadcom over price: report

    Jul 16, 2019 9:27am
    Cybersecurity firm Symantec Corp has walked away from negotiations to sell itself to chipmaker Broadcom over price disagreements, Reuters reports, citing people familiar with the matter. Broadcom was last week willing to offer as much as...
  • David Marcus, who oversees Facebook’s blockchain efforts, said partners providing financial services with Libra will be required to comply with anti-money laundering rules. Photo: Reuters

    Facebook vows Libra currency will wait for approval

    Jul 16, 2019 9:19am
    Facebook Inc. said it will not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the US Treasury secretary said he has serious concerns it could be used for illicit activity,...
  • A San Diego-based firm has alleged that Google online advertising platforms, including Google Ads and Google AdSense, infringed on six patents. Photo: Reuters

    Google accused of ripping off digital ad technology in lawsuit

    Jul 16, 2019 9:13am
    Google was hit on Monday with a US lawsuit alleging that it copied a smaller firm’s patented digital advertising technology, Reuters reports. A firm called Impact Engine filed a complaint in a San Diego court alleging...
  • Huawei's 5G participation in Canada has been caught up in the broader trade and diplomatic dispute between Ottawa and Beijing. Photo: Reuters

    Canada may defer Huawei 5G decision until after election: report

    Jul 16, 2019 8:52am
    Canada is likely to postpone a decision on whether to allow China’s Huawei Technologies to supply 5G network equipment until after the October federal election, Reuters reports, citing sources. Experts in Ottawa are reviewing the security...
  • The settlement would be the largest civil penalty ever paid to the US Federal Trade Commission. Photo: Bloomberg

    US regulators approve US$5 bln Facebook settlement: report

    Jul 15, 2019 9:37am
    The US Federal Trade Commission has approved a roughly US$5 billion settlement with Facebook Inc. over its investigation into the social media company’s handling of user data, Reuters reports, citing a source familiar with the situation....
  • The layoffs are expected to affect jobs at Huawei’s US-based research and development subsidiary Futurewei Technologies, which employs about 850 people. Photo: Reuters

    Huawei plans extensive layoffs at its US operations: WSJ

    Jul 15, 2019 9:25am
    Huawei Technologies is planning extensive layoffs in the United States as the Chinese telecoms equipment company grapples with its US blacklisting, the Wall Street Journal reported, citing people familiar with the matter. The layoffs are expected...
  • Facebook plans to launch a global cryptocurrency next year. Photo: AFP

    US lawmakers seek to bar big tech firms from financial services

    Jul 15, 2019 9:11am
    A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, Reuters reports. In a...
  • US export licenses to American firms for renewed supply deals with China's Huawei are likely to be on a case-by-case basis. Photo: Reuters

    US firms may get nod to restart Huawei sales in a month: report

    Jul 15, 2019 8:53am
    The US may approve licenses for companies to restart new sales to China’s Huawei Technologies in two to four weeks, Reuters reports, citing a source familiar with the matter. According to the report, the license approvals...
  • US President Donald Trump: “If Facebook and other companies want to become a bank, they must seek a new banking charter and become subject to all banking regulations, just like other banks." Photo: Reuters/Bloomberg

    Trump says cryptocurrencies must follow bank regulations

    Jul 12, 2019 12:15pm
    US President Donald Trump criticized Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to US and global regulations, Reuters reports. “I am not...
  • The bulk of FinTech startups focus on one of two types of services -- payments and lending, but the industry goes well beyond those services. Photo: Reuters

    Don’t let these seven startup myths hold you back

    - Jul 12, 2019 9:45am
    From changing how we pay for products to reaching unbanked and underserved communities, technology has changed the game in many parts of the world. The financial services industry in particular is ripe for disruption, and many...
  • Fortnite players can enroll on the Fiverr site to learn survival skills and how to choose the best landing spots and guns. Photo: Bloomberg

    Game on! Fiverr offers coaches for Fortnite, PUBG players

    Jul 12, 2019 9:11am
    Fiverr International Ltd. is tapping into the phenomenal success of “Fortnite” and “PUBG” by hooking up players with online gaming experts, who will help them up their game while helping the company make some money in...
  • Twitter said the interruption was due to an internal system change. Photo: Bloomberg

    Twitter back up partially after worldwide outage

    Jul 12, 2019 7:29am
    Twitter Inc. said its microblogging platform was back up partially after suffering a worldwide outage for more than an hour, Reuters reports. “We were down … and now slowly coming back up. Sorry!,” chief executive Jack...
  • Xiaomi has realized the crucial importance of enhancing its supply chain management. Photo: CNSA

    Xiaomi acts to overcome supply chain woes

    - Jul 11, 2019 12:43pm
    Xiaomi Corp. (01810.HK), which celebrated its first anniversary as a Hong Kong-listed company on Tuesday, has announced the inauguration of its Scientific and Technological Park in Beijing. The campus is part of the company’s efforts to...
  • Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing on ‘Monetary Policy and the State of the Economy’ in Washington on Wednesday. Photo: Reuters

    Facebook’s Libra project raises ‘serious concerns’: Fed’s Powell

    Jul 11, 2019 9:40am
    Facebook’s plan to build a digital currency called Libra “cannot go forward” until serious concerns are addressed, US Federal Reserve Chairman Jerome Powell said on Wednesday. “Libra raises many serious concerns regarding privacy, money laundering, consumer...
  • Pedestrians walk past an Apple Store in Beijing. The US smartphone maker has launched a program to help Chinese developers create more apps for its platform. Photo: Reuters

    Apple starts China app development program in services push

    Jul 11, 2019 9:22am
    Apple has started a program in Shanghai to help Chinese developers create apps as part of the iPhone maker’s efforts to build out its services business in the key market, Reuters reports. The program, or accelerator,...
  • An IBM executive believes companies "should also be held legally responsible to use reasonable, common-sense care when it comes to moderating online content". Photo: Reuters

    IBM proposes changes to law on user content liability

    Jul 11, 2019 9:21am
    International Business Machines Corp. has proposed changes to a 1996 law that protects internet companies from liabilities related to what users post on their platforms, Reuters reports. In a blog post on Wednesday, IBM called for...
  • US Trade Representative Robert Lighthizer said the United States is very concerned that the tax "unfairly targets American companies". Photo: Bloomberg/Reuters

    US to probe French plan to tax tech companies

    Jul 11, 2019 7:46am
    US President Donald Trump ordered an investigation into France’s planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions, Reuters reports. “The United States is...
  • Facebook’s Libra project will come under intense scrutiny from governments and regulators amid fears that the digital currency could pose a risk to financial markets. Photo: Reuters

    Hurdles to Facebook’s Libra plan

    - Jul 10, 2019 12:21pm
    Facebook said in mid-June that its subsidiary Libra Network will set up a Libra Association with 26 founding members. The Libra Association will issue a cryptocurrency called Libra. Visa, MasterCard, Uber, PayPal, eBay, Lyft and Spotify...
  • Huawei will remain on the US Entity List, meaning US parts and components cannot be sold to the company without special licenses. Photo: Reuters

    US to approve sales it deems safe to blacklisted Huawei

    Jul 10, 2019 9:14am
    The US government will issue licenses to companies seeking to sell goods to China’s Huawei where there is no threat to national security, Commerce Secretary Wilbur Ross said, leaving industry observers unsure about which products will...

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