Technology News
Defunct startup Sidecar sues Uber: 'hell-bent on stifling competition'12/11/2018 9:22:43 PM Defunct startup Sidecar Technologies Inc, which pioneered on-demand ride-hailing, is suing Uber Technologies Inc [UBER.UL], alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business.Apple launches payments service in Germany following delay12/11/2018 8:56:53 PM Apple has launched its mobile payments service in Germany, four years after its start in the United States and trailing Google, which started its payments app in the country in June.Google CEO: 'no plans' to launch Chinese search engine12/11/2018 8:32:48 PM Google Chief Executive Sundar Pichai told a U.S. congressional panel on Tuesday that the Alphabet Inc unit currently has "no plans" to launch a search engine in China but did not rule out a future launch.Canadian said to be detained in China, Huawei CFO due back in court12/11/2018 8:21:52 PM A former Canadian diplomat has been detained in China, two sources said on Tuesday, just hours before a top executive at Chinese telecoms giant Huawei Technologies [HWT.UL] is set to return to a Vancouver courtroom for a bail hearing that has angered Beijing.China court bans sales of older iPhone models in Apple-Qualcomm global battle12/11/2018 8:20:44 PM A Chinese court has ordered a sales ban of some older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, though intellectual property lawyers said enforcement of the ban was likely still a distant threat.Valeo expects more than 25 percent of global car market to be hybrid in 202612/11/2018 8:01:58 PM French auto parts maker Valeo expects mild hybrid cars to make up more than 25 percent of the world car market in 2026, its innovation director Guillaume Devauchelle said on Tuesday.Chinese hacking against U.S. on the rise: U.S. intelligence official12/11/2018 7:52:43 PM A senior U.S. intelligence official warned on Tuesday that Chinese cyber activity in the United States had risen in recent months, and the targeting of critical infrastructure in such operations suggested an attempt to lay the groundwork for future disruptive attacks.Uber's dominant size may rob smaller Lyft of its IPO oxygen12/11/2018 7:19:29 PM Uber Technologies Inc [UBER.UL] and smaller rival Lyft are driving side-by-side on the road to a stock market debut, and that may not bode well for Lyft as investors decide where to place their bets in the ride-hailing sector.Cryptoassets should be 'outlawed': Allianz GI CEO12/11/2018 6:29:37 PM The head of one of Europe's largest asset managers has called for global regulators to ban cryptoassets, scorning them for wiping out people's savings.Fintech startup Plaid valued at $2.65 billion in latest funding round: source12/11/2018 6:06:59 PM Fintech startup Plaid has raised $250 million in its latest funding round led by one of Silicon Valley's top investors, Mary Meeker, which according to a source familiar with the matter values the company at $2.65 billion.Software firm Quali raises $22.5 million in VC-backed funding round12/11/2018 5:25:32 PM U.S.-Israeli software firm Quali said on Tuesday it raised $22.5 million in a private funding round led by Jerusalem Venture Partners (JVP).Super Micro says review found no malicious chips in motherboards12/11/2018 2:38:14 PM Computer hardware maker Super Micro Computer Inc told customers on Tuesday that an outside investigations firm had found no evidence of any malicious hardware in its current or older-model motherboards.Russia fines Google for not complying with search results law: TASS12/11/2018 2:03:21 PM Russia fined Google 500,000 roubles ($7,530) on Tuesday for failing to comply with a legal requirement to remove certain entries from its search results, Russia's communications watchdog was quoted as saying by TASS news agency.Daimler to buy $23 billion of battery cells for electric car drive12/11/2018 1:47:51 PM Daimler will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday.Uber plans to integrate London bus, Tube timetables into its app: FT12/11/2018 7:52:29 AM Uber Technologies Inc [UBER.UL] is planning to integrate into its app the bus and Tube timetables of Transport for London, the government body in charge of the capital's transport network, the Financial Times reported on Tuesday, citing people familiar with the matter.Canadian court weighs bail for jailed CFO of China's Huawei12/11/2018 6:35:57 AM A Canadian provincial court weighing whether to grant bail to a top executive of Chinese telecoms giant Huawei Technologies [HWT.UL], who is facing possible extradition to the United States, adjourned on Monday without deciding her fate.EU's Vestager may investigate Apple Pay if there are formal complaints12/11/2018 5:15:40 AM EU regulators looked into Apple's mobile payment service and found it was not market dominant but they could review it again if they receive formal complaints, Europe's antitrust chief said on Monday.Chinese province pledges billions to drive tech, innovation12/11/2018 3:45:05 AM China's coastal province of Zhejiang, home to e-commerce giant Alibaba , has pledged more than $17 billion to drive the tech industry and innovation in the coming five years, the state news agency Xinhua reported.Google CEO defends 'integrity' of products ahead of testimony12/11/2018 2:58:13 AM The chief executive officer of Alphabet Inc's Google on Monday defended the integrity of the company's products a day ahead of a congressional hearing where he is expected to face tough questions from U.S. lawmakers.Instagram promotes Vishal Shah as head of product12/11/2018 1:06:08 AM Facebook Inc's photo-sharing app Instagram said on Monday it promoted its director of product management Vishal Shah as the head of product, effective immediately.