newszine

Ford Motor puts $500 million into electric pickup producer Rivian

3 hours ago NAMEX Comments Off on Ford Motor puts $500 million into electric pickup producer Rivian
(Reuters) – Ford Motor said on Wednesday it was investing $500 million in U.S. electric pickup truck startup Rivian Automotive LLC, becoming the latest deep pocket investor in the firm, which is seen as a potential rival to Silicon Valley’s Tesla Inc (TSLA.O). FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric Read More

Britain to allow Huawei restricted access to 5G network

3 hours ago NAMEX Comments Off on Britain to allow Huawei restricted access to 5G network
GLASGOW, Scotland (Reuters) – Britain will allow Huawei Technologies a restricted role in building parts of its 5G network, seeking a middle way in a bitter dispute between the United States and China over the next generation of communications technology. Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United Read More

Netflix, streaming services win Oscars cinema rule battle

3 hours ago NAMEX Comments Off on Netflix, streaming services win Oscars cinema rule battle
(Reuters) – In a win for Netflix, Amazon and other internet streaming services, the Academy of Motion Picture Arts and Sciences has voted not to change its rules for winning an Oscar, Hollywood’s top prize. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Read More

Tim Cook slams gov’t over San Bernardino case, calls it ‘very rigged’

8 hours ago NAMEX Comments Off on Tim Cook slams gov’t over San Bernardino case, calls it ‘very rigged’
In a wide-ranging interview that touched on topics including politics, climate change and discussions he’s had with President Trump, Apple CEO Tim Cook said the San Bernardino case was “very rigged” and should have gone to court. Speaking at the Time 100 Summit, Cook said he wished the case had gone to court because the Read More

China using US-built satellites to increase police, military power

8 hours ago NAMEX Comments Off on China using US-built satellites to increase police, military power
Orbiting 22,000 miles above Earth, a fleet of American-built satellites is serving the Chinese government in ways that challenge the U.S. Nine of these satellites have been part of efforts to connect Chinese soldiers on contested outposts in the South China Sea, strengthen police forces against social unrest and make sure state messaging penetrates far Read More

Trump holds meeting with Twitter CEO Jack Dorsey at the White House

8 hours ago NAMEX Comments Off on Trump holds meeting with Twitter CEO Jack Dorsey at the White House
President Donald Trump met with Twitter CEO Jack Dorsey at the White House Tuesday to discuss the social media giant, which he has often accused of political bias. Citing an internal Twitter email, Motherboard reported Tuesday that Dorsey was set to have a 30-minute closed-door meeting with the president. The meeting, which was at the invitation Read More

Swiss investment firm, Bitfury launch bitcoin mining fund

11 hours ago NAMEX Comments Off on Swiss investment firm, Bitfury launch bitcoin mining fund
(Reuters) – Swiss investment firm Final Frontier and global blockchain technology company the Bitfury Group, which was recently valued at $1 billion, on Wednesday announced the launch of a regulated bitcoin mining fund. FILE PHOTO: Representation of the Bitcoin virtual currency standing on a PC motherboard is seen in this illustration picture, February 3, 2018. Read More

Samsung Elec to invest $9.6 billion annually in logic chips until 2030

11 hours ago NAMEX Comments Off on Samsung Elec to invest $9.6 billion annually in logic chips until 2030
SEOUL (Reuters) – Samsung Electronics plans to invest 11 trillion won ($9.57 billion) annually through 2030 in logic chip businesses, including its foundry business, and expects the move to help create 15,000 jobs over the period. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, Read More

Japan’s Softbank to buy 5.6 percent of Wirecard for around $1 billion

11 hours ago NAMEX Comments Off on Japan’s Softbank to buy 5.6 percent of Wirecard for around $1 billion
BERLIN (Reuters) – Japan’s Softbank Group Corp will buy a 5.6 percent stake in German payments company Wirecard by acquiring convertible bonds worth around 900 million euros ($1.01 billion), Wirecard said in a statement on Wednesday. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July Read More

Sri Lanka attacks: The ban on social media

15 hours ago NAMEX Comments Off on Sri Lanka attacks: The ban on social media
Shortly after the bombings in Sri Lanka, and the spread of inaccurate stories began, the government took the drastic decision to block social media. To stop the spread of “false news reports”, Facebook, Facebook-owned WhatsApp and Instagram, YouTube, Snapchat and Viber were all banned. The government has not said when the ban will be lifted. Read More