Technology

Alibaba proposes one-to-eight stock split ahead of up to $20 billion HK listing

China’s Alibaba Group Holding has proposed a one-to-eight stock split ahead of a listing in Hong Kong later this year that is expected to raise up to $20 billion.

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Alibaba proposes one-to-eight stock split for July 15 AGM vote

Alibaba Group Holding has proposed a one-to-eight stock split for a vote at the upcoming annual general meeting of shareholders in Hong Kong on July 15, it said in a statement.

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Google appoints Stanley Chen to head Greater China sales, operations

Alphabet Inc’s Google has appointed Stanley Chen as its managing director of Greater China sales and operations, the company said in a statement on Monday.

Technology

Target says payments vendor faces glitch; registers back online

Target Corp on Sunday said it was unable to process select card payments at some stores for nearly 90 minutes due to a vendor-related issue – the second consecutive outage faced by the retailer in a week.

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Huawei prepares for 40%-60% fall in international smartphone shipments: Bloomberg

Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported on Sunday.

Technology

U.S. chipmakers quietly lobby to ease Huawei ban: sources

Huawei’s American chip suppliers, including Qualcomm and Intel, are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech giant, even as Huawei itself avoids typical government lobbying, people familiar with the situation said.

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UK PM front-runner Johnson pledges to ‘end the digital divide’ by 2025

Boris Johnson, the front-runner to replace Prime Minister Theresa May, pledged on Sunday to “end the digital divide” in Britain with the rollout of full fiber broadband by 2025.

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Intel launches project to help Israeli tech start-ups

Intel Corp launched a project on Sunday to help start-ups in Israel develop technologies in artificial intelligence (AI) and autonomous systems, and said it planned to bring the scheme to other countries as well.

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Intel launches tech accelerator in Israel, plans for more

Intel Corp on Sunday launched an accelerator in Israel to develop technologies in artificial intelligence and autonomous systems, and said it plans to bring the project to other countries as well.

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Bumble owner to spend $100 million on dating apps

The owner of dating app Bumble said on Friday it would revamp its holding structure and spend $100 million, as it looks to better compete with Match Group’s Tinder.

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Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal

Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week.

Technology

Broadcom’s $2 billion warning rattles global chip sector

Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year.

Technology

Factbox: Global tech companies shun Huawei after U.S. ban

Global technology companies are cutting ties with China’s Huawei Technologies Co Ltd after the U.S. government put the world’s largest telecom equipment maker on a trade blacklist, citing national security concerns.

Technology

PSA to assemble batteries for hybrid, electric cars in Slovakia

French carmaker PSA, owner of the Peugeot, Citroen and DS brands, will start assembling batteries for its hybrid and electric cars at its plant in Trnava, Slovakia, and later at its plant in Vigo, Spain.

Technology

Peugeot to start assembling batteries for hybrid, electric cars in Slovakia

French carmaker PSA, owner of the Peugeot, Citroen and DS brands, will start assembling batteries for its hybrid and electric cars at its plant in Trnava, Slovakia, and later at its plant in Vigo, Spain.

Technology

Broadcom’s $2 billion warning shocks global chip sector

LONDON/BENGALURU – Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year.

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Tencent launches video streaming in Thailand, eyes SE Asia expansion

Chinese tech giant Tencent Holdings Ltd launched its first overseas video streaming service in Thailand on Friday, as it ramps up its presence outside China.

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Walmart’s Flipkart, Indian startup settle dispute over sharp discounting

Walmart unit Flipkart has settled a legal dispute with an Indian startup that alleged it suffered losses because its products were sharply discounted on the global retailer’s website.

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Explainer: Why is Huawei seeking $1 billion patent deal with Verizon?

Huawei is demanding Verizon Communications Inc pay $1 billion to license the rights to patented technology, signaling a potential shift in the embattled Chinese company’s strategy for the U.S. market.

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Tech tool aims to predict global water conflicts before they happen

LONDON (Thomson Reuters Foundation) – Artificial intelligence can predict where conflicts over scarce water will break out up to a year in advance and allow action to prevent them, researchers said on Friday.

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China launches inquiry into FedEx parcel delivery errors: Xinhua

Chinese authorities have launched an investigation into FedEx Corp over parcels delivered to the wrong addresses, China’s official Xinhua news agency reported on Friday.

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China sent official inquiry to FedEx regarding parcels delivery: Xinhua

Chinese authorities sent an official inquiry to FedEx Corp over parcels that were delivered incorrectly, China’s official Xinhua news agency reported on Friday.

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Huawei delays global launch of foldable phone by three months

Huawei will delay the launch of its much-touted foldable 5G Mate X smartphone by three months, the latest setback for the company that was slapped with U.S. sanctions last month.

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Awake at the wheel: Automakers tap VR to banish boredom in autonomous cars

Audi, Nissan and other car makers are banking on talking cartoon characters and other virtual reality experiences to keep drivers and other occupants of future autonomous vehicles entertained, auto industry executives said.

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European chipmakers tumble after Broadcom dashes hopes of rebound in demand

European semiconductor stocks fell on Friday after U.S. chipmaker Broadcom warned a U.S.-China trade conflict and export restrictions on Huawei were causing a broad slowdown in demand for chips.