Trending Stories from reuters.com
Samsung launches a co-branded credit card with Axis Bank in India, where it has 175M customers, offering 10% cashback to customers buying Samsung products
Deutsche Telekom, Orange, Telefonica, Vodafone, and 12 other European telecoms argue that Meta, Google, Netflix, and other US giants should share network costs
Sources: Apple, Samsung, and Xiaomi express concerns over India's home-grown GPS plan, arguing integrating the system would be costly and require new hardware
France plans to impose a minimum €3 delivery fee for online book orders under €35 to help independent bookstores compete with big sellers like Amazon and Fnac
A US Senate committee votes 15-7 to pass the Journalism Competition and Protection Act letting news organizations band together to negotiate with tech platforms
Spain fines food delivery app Glovo €79M for allegedly denying 10,600+ riders a labor contract since the country's "riders law" came into effect in August 2021
India expands its incentives for chip and display panel manufacturers, including covering 50% of the capital expenditure for setting up a semiconductor plant
New Zealand PM Jacinda Ardern announces an expansion of the Christchurch Call anti-online hate project, including investments by the US, Microsoft, and Twitter
Germany's blanket data retention law is illegal, EU top court says
Indonesia's parliament passes a personal data protection bill into law, including corporate fines and imprisonment for mishandling data, after a series of leaks
Sources: India's government and central bank have asked Google to add more stringent checks to curb illegal digital lending apps several times in recent months
U.S. appeals court rejects big tech's right to regulate online speech
Filing: Starboard Value has built a 9% stake in Wix, which has been struggling with losses since Q4 2021 and has adopted a three-year cost-cutting program
Investor memo: ByteDance will spend up to $3B to repurchase shares in the next two to three months, in a deal that values the company at around $300B
The US Consumer Financial Protection Bureau plans to start regulating BNPL companies, such as Klarna and Affirm, and will release guidance in the future
Samsung Electronics pledges to invest $5B+ in R&D on tech to achieve net zero emissions for its devices business by 2030 and across the company by 2050
South Korea's privacy regulator fines Google $50M and Meta $22M for failing to obtain users' consent when collecting behavioral information to show custom ads
GM's Cruise says it has developed four in-house chips for self-driving cars to be deployed by 2025, including an ARM-based computing chip called Horta
Sources: a majority of Twitter's shareholders have voted in favor of the $44B sale to Musk, whose $54.20 per share deal looks pricey in the current environment
The SEC charges VMware with misleading investors by obscuring financial performance; VMware agrees to pay $8M to settle without denying or admitting charges
Sources: Biden admin plans more curbs on US shipments to China of chipmaking tools and chips for AI, affecting Lam Research, Applied Materials, KLA Corp, others
Sources: Sea, whose market cap has gone from $200B+ in October 2021 to ~$28B, shuts some Latin American operations and cuts hundreds of gaming jobs in Shanghai
The US SEC will set up the "Office of Crypto Assets" to deal with corporate disclosure filings related to the crypto industry
Indian music streaming app Gaana says it has switched to a paid subscription model after buyout talks failed: sources: the potential acquirer was Bharti Airtel
Apple partners with satellite company Globalstar on Emergency SOS, agreeing to pay 95% of the approved capital expenditure to deploy new Globalstar satellites
Brazil orders Apple to suspend iPhone sales without charger
Ireland fines Instagram record $400 million over chidren’s data
Reddit · 3 weeks ago
China says automakers now require licenses for "smart cars" collecting mapping data, which could further complicate the local operations of companies like Tesla
Meta agrees a deal with Qualcomm to produce custom Snapdragon chips optimized for its Quest VR devices; the chips will not be exclusive to Meta
Industry group: India plans to pilot parallel testing of new electronic devices to speed up safety approvals and reduce the 16-to-21-week certification time
U.S. officials order Nvidia to halt sales of top AI chips to China
Micron plans to invest ~$15B in a new memory manufacturing fab in Idaho, spending a total of $40B in the US by 2030, with grants and credits under the CHIPS Act
Microsoft’s $69 bln Activision deal could harm competition, UK says
A Delaware jury says Shopify owes $40M to patent holder Express Mobile for infringing three patents related to software for providing content to mobile devices
Techmeme · 4 weeks ago