Technology news

• Wireless speaker maker Sonos files for IPO

  06-07-2018 19:39
  Sonos Inc, a maker of hi-tech wireless speakers, filed for an initial public offering on Friday, riding on the back of increasing popularity of streaming music through smartphone apps on connected audio systems.
  
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• California agency opens third probe into Tesla's Fremont factory

  06-07-2018 19:16
  A California agency for occupational safety said on Thursday it opened a third investigation at Tesla Inc's factory in Fremont, California, following a complaint.
  
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• Ant Financial mega-fundraising leads sovereign investments in second quarter

  06-07-2018 15:26
  Ant Financial's record-setting $14 billion funding round led sovereign investor transactions in the second quarter against a backdrop of rising interest in tech-related start-ups, although overall deal values fell slightly.
  
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• Spain's Cabify denies reports it may sell to U.S. peer Lyft

  06-07-2018 15:15
  Spanish ride-hailing app Cabify said on Friday it had held no talks over selling any part of its business, after newspaper El Confidencial said it was considering selling to U.S. peer Lyft.
  
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• HTC's June sales slump 68 percent, biggest drop in over two years

  06-07-2018 12:24
  Taiwanese smartphone maker HTC Corp said its sales fell nearly 68 percent in June, its biggest slump in more than two years, as the struggling firm continues to lose customers amid intensifying competition with nimbler manufacturing rivals.
  
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• As inflation soars, Facebook drives trading in Argentina's barter clubs

  06-07-2018 10:54
  At an abandoned train station in Buenos Aires' working-class suburb of San Miguel, hundreds of Argentines gather with bags of clothes, rice, flour and sugar to trade.
  
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• Daimler gets green light for self-driving vehicle tests in Beijing

  06-07-2018 10:36
  China's capital city has given the green light to German auto maker Daimler AG to test self-driving cars on real roads, making it the first international car maker to be granted such a license in Beijing, the company said on Friday.
  
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• LG Electronics says second-quarter profit likely up 16.1 percent, misses analyst estimates

  06-07-2018 09:41
  South Korea's LG Electronics Inc on Friday said operating profit likely rose 16.1 percent in April-June, albeit weighed down by higher marketing expenses for new products in its TV, smartphone and appliance divisions, analysts said.
  
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• Google opens new Melbourne office

  06-07-2018 09:01
  ​Google has opened a new 100 desk office in Melbourne, but the company is sticking with Sydney as the location of its headquarters, despite the trouble it is facing finding a bigger home there.
  
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• In pictures: Google opens new Melbourne office

  06-07-2018 08:59
  And there's barely a beanbag in sight
  
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• China considering further reduction in electric-vehicle subsidies: Bloomberg

  06-07-2018 07:40
  China is considering a further reduction in electric-vehicle subsidies next year, Bloomberg reported on Friday, citing unnamed sources.
  
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• Samsung Electronics profit growth slows on smartphone weakness

  06-07-2018 04:30
  South Korean tech giant Samsung Electronics Co Ltdestimated on Friday earnings grew at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings.
  
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• China's ZTE names new top executives in step towards U.S. ban lifting

  06-07-2018 03:05
  ZTE Corp has appointed a new team of top executives including a CEO to comply with a deal it made with the United States to end a ban on U.S. firms supplying parts to China's second-biggest telecommunications equipment maker.
  
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