technologyNews

U.S. agency reviews whether 2,000 Teslas should have been recalled

WASHINGTON (Reuters) – U.S. regulators said on Friday they were reviewing whether Tesla Inc should have recalled 2,000 of its electric cars in May instead of issuing a software upgrade to fix a potential defect that could have resulted in battery fires. FILE PHOTO: A Tesla Model S steering wheel is on display at the …

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Indonesia’s Bukalapak gets investment from South Korea’s Shinhan, says valuation $2.5 billion

JAKARTA (Reuters) – Indonesian e-commerce firm Bukalapak on Friday said South Korea’s Shinhan Financial Group Co Ltd joined its latest fundraising round that valued the startup at over $2.5 billion. Bukalapak did not disclose the amount it will receive through Shinhan’s investment banking unit Shinhan GIB, nor the size of the stake Shinhan would gain. …

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Uber launches app aimed at connecting workers with businesses

FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Ride-hailing firm Uber Technologies Inc said it launched an app called Uber Works to connect temporary workers looking …

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Samsung ends mobile phone production in China

SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market. The shutdown of Samsung’s last China phone factory comes after it cut production at the plant in the southern city of Huizhou in …

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Zuckerberg says Facebook would defeat break-up effort if Warren elected president

WASHINGTON (Reuters) – Facebook Inc (FB.O) Chief Executive Officer Mark Zuckerberg told employees in July he expected the company would face an effort to break up the world’s largest social media company if Democrat Elizabeth Warren were elected president, according to audio of two internal company meetings from July published by The Verge. FILE PHOTO: …

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WeWork throws in the towel on its ill-fated IPO

(Reuters) – WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer. FILE PHOTO: A man enters a WeWork co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan …

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Elon Musk unveils new Mars rocket prototype, expects missions in months

(Reuters) – Billionaire entrepreneur Elon Musk has unveiled the latest iteration of his space company’s newly assembled Starship, outlining a speedy development timeline for the centerpiece vehicle of SpaceX’s quest to launch humans to the moon and Mars. Musk showed a crowd of space enthusiasts and reporters at SpaceX’s rocket development site late on Saturday …

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Motorbike ride sharing alleviates Dhaka traffic chaos

(This September 27 story corrects name of Pathao Chief Executive to Hassan M. Elius, not Hassan Melius, in paragraphs 6, 7.) FILE PHOTO: Vehicles are seen stuck in a heavy traffic after office hours during Ramadan in Dhaka July 7, 2014. REUTERS/Andrew Biraj By Rafiqur Rahman DHAKA (Reuters) – Ride-sharing motorbike services are surging in …

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Match Group gets DOJ subpoena for documents relating to FTC complaint

(Reuters) – Match Group Inc disclosed on Friday it had received a subpoena from the U.S. Department of Justice for documents relating to certain marketing-related claims in the Federal Trade Commission’s (FTC) complaint. The FTC on Wednesday alleged here that the owner of Tinder and OkCupid dating apps knowingly sent automated advertisements via Match.com with …

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Libra coin group in talks with EU regulators, executive tells Reuters

FILE PHOTO: A 3D-printed Facebook Libra cryptocurrency logo is seen in front of displayed German flag in this illustration taken, September 13, 2019. REUTERS/Dado Ruvic/File Photo GENEVA (Reuters) – The Libra Association, due to launch and manage the Facebook-led Libra cryptocurrency, is talking to European Union regulators after opposition from Germany and France, its managing …

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Silicon Valley goes to the Vatican to talk tech ethics

VATICAN CITY (Reuters) – The Vatican brought together Silicon Valley heavyweights, Nobel laureates and cyber experts on Thursday to discuss the ethical use of digital technology, in a meeting officials said could provide material for a possible papal document on artificial intelligence. FILE PHOTO: Nuns walk next to a member of the Swiss Guard during …

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Estonian startup bourse gets Singapore license for global trading

TALLINN (Reuters) – Venture-funded Estonian company Funderbeam said on Wednesday it had obtained two financial services licenses from Singapore authorities, which will enable it to offer a global secondary market for trading in private companies. “Our vision is to be the funding and trading platform of global private companies. To achieve this, we had to …

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