Technology

SHANGHAI (Reuters) – Chinese authorities have ordered Beijing-based crypto-currency exchanges to cease trading and to tell users by Friday about when trading will end, the Securities Times newspaper reported citing industry sources and a government notice. The newspaper said the Beijing city regulator held talks with crypto-currency exchanges in the city on Friday. It also
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(Reuters) – Oracle Corp forecast current-quarter adjusted profit largely below Wall Street’s estimates and indicated to slowing growth in its soaring cloud business, sending the company’s shares down as much as 5 percent in aftermarket trading. Shares of the business software maker, which reported market-beating revenue and profit for the first quarter on Thursday, initially
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MOSCOW (Reuters) – U.S. action against Kaspersky Lab is designed to undermine the competitive position of Russian firms worldwide and amounts to unfair competition, Kremlin spokesman Dmitry Peskov told reporters on Thursday. Peskov was speaking after the Trump administration on Wednesday told U.S. government agencies to remove Kaspersky Lab products from their networks, saying it
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(Reuters) – U.S. President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S.-based chipmaker on Wednesday, sending a clear signal to Beijing that Washington will oppose takeover deals that involve technologies with potential military applications. Canyon Bridge Capital Partners’ planned $1.3-billion acquisition of Lattice Semiconductor Corp (LSCC.O) was one of the largest
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FRANKFURT (Reuters) – European car bosses are beginning to address the realities of mass vehicle electrification, and its consequences for jobs and profit, their minds focused by government pledges to outlaw the combustion engine. As the latest such announcement on Monday by China added momentum to a push for zero-emissions motoring, Daimler (DAIGn.DE), Volkswagen (VOWG_p.DE)
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FRANKFURT (Reuters) – PSA Group will support newly acquired Opel introducing electric cars but the switch must be profitable for it to be successful, PSA Chief Executive Carlos Tavares told German paper Bild am Sonntag. Politicians and regulators across the globe are promoting electric cars after Volkswagen’s (VOWG_p.DE) diesel cheating scandal exposed higher-than-expected pollution levels
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