Articles from www.reuters.com

Articles from www.reuters.com

New Zealand signs an extradition order for Kim Dotcom to the US, where he faces criminal charges related to Megaupload; Dotcom has fought extradition since 2012 (www.reuters.com)
2024-8-15 New Zealand

The UK's Civil Aviation Authority selects six projects, including Amazon's, to test drones for deliveries, inspecting infrastructure, and emergency services (www.reuters.com)
2024-8-15 Amazon Drone

Lenovo reports Q1 revenue up 20% YoY to $15.4B, vs. $14.1B est., a third consecutive quarter of revenue growth, a $243M net income, as the PC market recovers (www.reuters.com)
2024-8-15 Lenovo

CFIUS fines T-Mobile a record $60M for allegedly failing to prevent and report unauthorized access to sensitive data after its Sprint merger in 2020 (www.reuters.com)
2024-8-15 Mobile

A US judge rules that a group of artists can pursue some copyright infringement claims in their lawsuit against Stability AI, Midjourney, and other companies (www.reuters.com)
2024-8-14 AI

India's antitrust body orders an unusual recall of a report on its Apple investigation; a source says Apple complained about confidential revenue disclosures (www.reuters.com)
2024-8-13 India Apple

The US SEC sues crypto company NovaTech and its co-founders, saying they fraudulently raised $650M+ from 200K+ investors globally, following the NY AG's suit (www.reuters.com)
2024-8-13

Turkey says it is restoring access to Instagram after Meta agreed to cooperate with authorities regarding “catalog crimes” and “censorship imposed on users” (www.reuters.com)
2024-8-11 Instagram

Sources: Cisco plans a second round of layoffs this year, affecting as many or slightly more than the 4,000 laid off in February (www.reuters.com)
2024-8-10 Layoffs Cisco

Venezuelan President Nicolas Maduro bans X in the country for ten days, accusing Elon Musk of using X to promote hatred after Venezuela's disputed election (www.reuters.com)
2024-8-9 Elon Musk Venezuela

Take-Two reports Q1 net bookings up 1% YoY to $1.22B, vs. $1.25B est., net revenue up 4%, and expects sequential growth in net bookings in FY 2026 and FY 2027 (www.reuters.com)
2024-8-9

Sources: Japanese cybersecurity company Trend Micro, which has a market value of about $6.5B, is exploring a sale after attracting buyout interest (www.reuters.com)
2024-8-9 Japan

China's SMIC reports Q2 revenue up 21.8% YoY to ~$1.9B, above est., net profit down 59.1% YoY to ~$164.6M, above ~$103.8M est., and $2.25B capital expenditure (www.reuters.com)
2024-8-8 China

Imec, one of the top chip R&D companies, reports several breakthroughs for printing logic and memory chips in a joint ASML lab using ASML's new High NA tool (www.reuters.com)
2024-8-7

Sources: in 2017 and 2018, Intel and OpenAI executives discussed Intel buying a 15% stake for $1B in cash, but CEO Bob Swan did not go forward with the deal (www.reuters.com)
2024-8-7 Intel

Sweden's EQT plans to buy a majority stake in Swiss cybersecurity and data protection company Acronis, sources say valuing Acronis at $4B, up from $3.5B in 2022 (www.reuters.com)
2024-8-7 Switzerland Sweden

ByteDance debuts AI text-to-video app Jimeng AI on iOS in China, after its July 31 Android release; China's Kuaishou released Kling AI in beta globally in July (www.reuters.com)
2024-8-7 Android IOS China AI

Sources: Huawei, Baidu, and other Chinese tech companies have been stockpiling Samsung HBM chips since early 2024, in anticipation of US curbs on those chips (www.reuters.com)
2024-8-6 China Samsung

Lumen, which sells data center networking and security products, says it secured new deals worth $5B from tech companies amid AI surge; LUMN up 35%+ after hours (www.reuters.com)
2024-8-6 AI

Software consultancy Thoughtworks to be taken private by PE firm Apax Partners for ~$1.75B; TWKS jumps 26%+ but is still far below its 2021 IPO price (www.reuters.com)
2024-8-6 IPO

Illinois governor signs a bill amending Biometric Information Privacy Act to significantly curb the penalties for improperly collecting and using biometric data (www.reuters.com)
2024-8-6

Apple, Nvidia, Alphabet, Amazon, Meta, and Microsoft stocks led a tech stock sell-off amid US recession fears; AAPL drops 5%, NVDA drops 7%+, and MSFT drops ~4% (www.reuters.com)
2024-8-6 Amazon Microsoft Apple Nvidia Alphabet

Chinese state media: a state-owned company launched its first batch of internet satellites to rival Starlink, part of plans for 15K+ low Earth orbit satellites (www.reuters.com)
2024-8-5 China

The EU Commission says TikTok agreed to permanently withdraw TikTok Lite's “Reward programme” in the EU to comply with the DSA and not launch a similar program (www.reuters.com)
2024-8-5

Elon Musk says Neuralink has implanted its device in a second trial patient, who had a spinal cord injury, and 400 of the implant's 1,024 electrodes are working (www.reuters.com)
2024-8-5 Elon Musk

Sources: the US Dept. of Commerce plans to propose barring Chinese software in autonomous vehicles and some Chinese wireless communications hardware in US cars (www.reuters.com)
2024-8-5 China Autonomous Car

Mynt, the parent company of Philippines-based e-wallet GCash, more than doubled its valuation to $5B after investments from Ayala Corp, Mitsubishi UFJ Financial (www.reuters.com)
2024-8-5 Philippines Mitsubishi

An Indian tribunal orders a halt on insolvency proceedings against Byju's, days after Byju's settled a $19M payments dispute case with the Indian cricket board (www.reuters.com)
2024-8-2 India

Zomato's stock raised as much as 19% on August 2 after it reported Q1 profits up 125x to $30.2M, vs. ~$238K a year ago; Zomato's shares gained 110% in 2024 (www.reuters.com)
2024-8-2

Turkey blocks Instagram without stating a reason or the duration; a Turkish official claimed Instagram blocked condolence posts on Ismail Haniyeh's killing (www.reuters.com)
2024-8-2 Instagram

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