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  • Alibaba signs agreement with Belgium for e-commerce trade hub

    December 5, 2018 10:38 AM 122

    BEIJING (Reuters) - Alibaba Group Holding Ltd said on Wednesday it has signed an agreement with the Belgium government to launch an e-commerce trade hub, which will include investments in logistics infrastructure. The project is part of Alibaba’s Electronic World Trade Platform (eWTP), and Belgium is the first European country to join the project following

  • BT to remove Huawei equipment from its core 4G network: FT

    December 5, 2018 5:51 AM 113

    (Reuters) - Britain’s BT Group Plc will remove Huawei Technologies Co’s equipment from its core 4G network within two years, the Financial Times reported on Wednesday. BT has also excluded Huawei from bidding for contracts to supply equipment for use in its core 5G network, it said. However, BT will continue to use Huawei’s kit in what it considers to be benign

  • Apple assembler Foxconn considering iPhone factory in Vietnam -state media

    December 5, 2018 3:26 AM 131

    HANOI (Reuters) - Foxconn, the world’s biggest electronics contract manufacturer and a key Apple Inc supplier, is considering setting up a factory in Vietnam to mitigate any impact of an ongoing trade war between the United States and China, Vietnamese state media reported. The move would be one of the first significant steps by a major company with large

  • Qualcomm unveils new chip to power 5G smartphones

    December 4, 2018 9:51 PM 113

    SAN FRANCISCO (Reuters) - Chip supplier Qualcomm Inc (QCOM.O) on Tuesday unveiled a new generation of mobile phone processor chips that will power 5G smartphones in the United States as soon as next year. The key feature of the Snapdragon 855 chip, launched at an event in Hawaii, is a so-called modem for phones to connect to 5G wireless data networks

  • U.S. House panel reschedules Google CEO testimony for Dec. 11

    December 4, 2018 4:26 PM 105

    WASHINGTON (Reuters) - Google Chief Executive Sundar Pichai will testify before the U.S. House Judiciary Committee on Dec. 11, the panel said in a statement on Tuesday as Washington prepared for the state funeral of former President George H.W. Bush. The hearing will examine the Alphabet Inc GOOGL.O unit’s social media practices, according to the notice

  • Chief at Alibaba video site Youku steps down amid corruption probe

    December 4, 2018 11:25 AM 126

    BEIJING (Reuters) - The president of Alibaba Group Holding Ltd’s video streaming service, Youku, has stepped down and is believed to be talking to Chinese authorities as part of a potential corruption case, the company said on Tuesday. The abrupt departure comes amid a wider reshuffle of Alibaba executives as the company shores up its leadership following

  • Ireland still concerned about EU digital tax despite new proposal: minister

    December 4, 2018 10:50 AM 117

    BRUSSELS (Reuters) - Ireland’s finance minister poured cold water Tuesday on a new Franco-German proposal for a European tax on companies’ digital revenues, saying it failed to address his concerns. “I continue to have strong principled concerns about this policy direction,” Paschal Donohoe told his EU counterparts in a debate on the tax after France

  • EU's Moscovici urges digital tax deal in March

    December 4, 2018 10:21 AM 104

    BRUSSELS (Reuters) - The European Union commissioner in charge of taxation urged on Tuesday EU countries to reach a deal on a common tax on digital revenues of large companies in March. After several attempts for a compromise failed in past months, Pierre Moscovici said at a meeting of EU finance ministers that there was still room for a compromise

  • Audi to invest 14 billion euros in e-mobility, self-driving cars

    December 4, 2018 10:11 AM 118

    FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) premium auto brand Audi said on Tuesday it would invest 14 billion euros ($15.9 billion) through 2023 in electric mobility, digitalization and autonomous driving. Overall, the company’s total projected expenditure for the next five years amounts to 40 billion euros, the company said in a statement. It also plans

  • Sharp contractors axe 3,000 staff as iPhone sensor output shifts: union

    December 4, 2018 8:37 AM 117

    TOKYO (Reuters) - Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labor union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn. The labor union said some of the laid off workers were its members. The union is in Mie Prefecture in central