Reuters - Technology Report

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Monday, July 15, 2019

Norway's Telenor warns on second quarter profit after error at Grameenphone

Norwegian telecoms group Telenor said its second-quarter earnings would take a hit from "errors" discovered at Grameenphone , its Bangladeshi telecoms division.

Exclusive: U.S. firms may get nod to restart Huawei sales in two-four weeks - official

The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S. official, in a sign President Donald Trump's recent effort to ease restrictions on the Chinese company could move forward quickly.

Amazon workers in Germany strike over pay, Verdi union says

More than 2,000 workers at seven Amazon sites across Germany have gone on strike over pay for at least two days, labor union Verdi said on Monday.

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook's planned Libra digital coin.

China's Didi Chuxing to allow app users to access rivals' services

China's biggest ride-hailing company Didi Chuxing will allow users of its smartphone app to access services provided by apps of three domestic auto firms and others, in a push to generate more orders.

Norway's Adevinta says new French digital tax may hit earnings

Online advertising group Adevinta said the newly introduced digital tax in France lacked clarity but would likely hit the Norwegian company's earnings as it posted second-quarter earnings roughly in line with expectations.

China's Xiaomi continues chip strategy revamp with investment in semiconductor designer

China's Xiaomi Corp has taken a stake of roughly 6% in compatriot chip designer VeriSilicon Holdings Co Ltd, as the smartphone maker revamps its years-long pursuit of success in semiconductors which it sees as central to driving innovation.

UK's Roxi Music plans for new product launches as it steps closer to IPO

ROXi Music, the makers of the home-based music streaming device ROXi, said it had chosen investment bank Arden Partners as it prepares for an initial public offering in the fourth quarter of 2019.

U.S. proposes barring big tech companies from offering financial services, digital currencies

A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation seen by Reuters.

Israel holds 5G mobile network tender, aims for 2020 launch

Israel launched a tender for fifth-generation (5G) cellular frequencies on Sunday, hoping discounts to cash-strapped mobile phone operators battling fierce competition will entice bids.