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Current feed - Reuters: Technology News

Amazon hikes price for its Prime service by 18 percent
(Reuters) - Amazon.com Inc on Friday raised the monthly fee for Amazon Prime, its fast-shipping and video-streaming service, to $12.99 from $10.99.

SEC says bitcoin funds raise 'investor protection issues'
(Reuters) - The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies.

India sends tax notices to cryptocurrency investors as trading hits $3.5 billion
NEW DELHI (Reuters) - India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said.

Xiaomi to expand store network in Indian tussle with Samsung
MUMBAI (Reuters) - China's Xiaomi plans to expand its Indian store network as it attempts to grab the lead in a smartphone market which Korea's Samsung has dominated for more than five years.

China targets cryptocurrencies in online pyramid scheme crackdown
(Reuters) - China will crack down on online pyramid schemes, including speculation masked as cryptocurrencies and online games, the public security ministry said on Friday.

U.S. CFTC sues three virtual currency operators for fraud
WASHINGTON (Reuters) - The U.S. derivatives watchdog said on Friday that it has filed charges against three separate virtual currency operators alleging the defendants had defrauded customers and broken other commodity trading rules, in a further sign regulators globally are cracking down on the emerging asset class.

Nokia signs its first official 5G equipment deal with NTT DoCoMo
FRANKFURT (Reuters) - Finland's Nokia said on Friday it signed its first major deal to supply new 5G wireless radio base stations to Japanese telecom operator NTT DoCoMo, which boasts nearly half of the country's mobile subscribers.

Huawei founder, top executives to pay $469,000 fine for management oversight
HONG KONG (Reuters) - Top executives of Huawei Technologies Co [HWT.UL], including founder Ren Zhengfei, will pay a self-imposed fine totaling 3 million yuan ($469,000) for management oversight of some quality breaches at the firm, an internal company memo shows.

Elliott says chipmaker NXP worth more than $135 per share
(Reuters) - Elliott Management Corp said on Friday NXP Semiconductors NV is worth much more than its previous assessment of $135 per share and Qualcomm Inc's $110 offer to buy the chipmaker.

South Korean group files complaint against Apple CEO over iPhone slowdown
SEOUL (Reuters) - A South Korean consumer group has filed a criminal complaint against Apple Inc CEO Tim Cook over slower iPhone devices, after probes in Europe into allegations the firm had deliberately shortened the life of its handsets.

 

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