Technology News
Samsung Group chief charged with bribery, corporate nerve center dismantled2/28/2017 3:53:00 PMSEOUL - South Korean prosecutors charged Samsung Group [SARG.UL] chief Jay Y. Lee with bribery and embezzlement on Tuesday as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a graft scandal that has rocked the country.SoundCloud launches budget plan to attract paying subscribers2/28/2017 4:33:19 PMFRANKFURT - Music-streaming service SoundCloud launched a budget subscription package on Tuesday, hoping to convert more listeners into paying subscribers and undercutting rivals Apple and Spotify.Xiaomi unveils in-house chipset to streamline production, cut prices2/28/2017 3:00:06 PMBEIJING - Chinese smartphone firm Xiaomi Inc [XTC.UL] announced its first in-house designed chipset on Tuesday, as it works to streamline production, lower prices, and gain greater control over handset design to counter the impact of slowing sales.Uber says thousands of London drivers threatened by English language test2/28/2017 4:30:15 PMLONDON - Tens of thousands of London private hire drivers could lose their licenses due to new English reading and writing requirements, taxi app Uber [UBER.UL] said on Tuesday at the start of a court battle to halt the plans.Intelsat to merge with SoftBank-backed OneWeb2/28/2017 5:37:34 PM - OneWeb Ltd, a U.S. satellite venture backed by Japan's SoftBank Group Corp, and debt-laden satellite operator Intelsat SA on Tuesday agreed to merge in a share-for-share deal.EU needs common approach on testing banks' cyber-risks: Dombrovskis2/28/2017 3:10:54 PMBRUSSELS - European Union countries should test bank defenses against cyber-attacks using a common set of requirements, a senior EU official said on Tuesday, as the bloc plans measures to boost the retail market for financial products.SAP CEO McDermott overtakes Daimler's Zetsche in 2016 pay2/28/2017 3:31:01 PMFRANKFURT - SAP Chief Executive Bill McDermott's total pay last year jumped to 15.6 million euros ($16.5 million), overtaking that of Daimler CEO Dieter Zetsche, Germany's best-paid company executive in 2015.Huawei staff fear cuts as smartphone profits disappoint2/28/2017 12:46:27 PMHONG KONG/BARCELONA - Staff at China's Huawei Technologies Co Ltd [HWT.UL] are bracing for possible jobs cuts after internal memos highlighted intense pressure to improve earnings and an executive said the flagship smartphone business had missed internal profit targets.Cyber attackers target Singapore Defence Ministry, but no secrets found2/28/2017 10:50:30 AMSINGAPORE - Cyber attackers have stolen basic personal data from about 850 Singapore national servicemen and employees in a possible attempt to access official secrets, the Defence Ministry said on Tuesday.Samsung SDI says Samsung Elec's head of memory business chosen as new CEO2/28/2017 9:13:50 AMSEOUL - South Korea's Samsung SDI Co Ltd said on Tuesday that Jun Young-hyun, the head of memory business at Samsung Electronics Co Ltd, has been chosen as its new CEO.