Technology news

• Berkshire boosts Goldman, Teva stakes; buys more Apple

  14-08-2018 23:45
  Warren Buffett's Berkshire Hathaway Incboosted its investments in Goldman Sachs Group Incand Israel's Teva Pharmaceutical Industries Ltdduring the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc .
  
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• Kroger partners with Alibaba in China grocery sales venture

  14-08-2018 23:36
  Kroger Cohas partnered with Alibaba Group Holding Ltdto sell nuts, supplements and other products in China, venturing outside the United States for the first time in what is fast becoming a fierce global battle to dominate online grocery sales.
  
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• ‘Cyber credit score’ service aims to help enterprises reduce risk

  14-08-2018 22:30
  A new service from Australian research and consultancy firm Security in Depth aims to help enterprises minimise risk through a new ‘credit score’-style rating that assesses the security maturity of suppliers that integrate with their systems.
  
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• Sprint partners with LG to launch 5G smartphone in 2019

  14-08-2018 21:51
  Sprint Corpsaid Tuesday it has partnered with phone manufacturer LG Electronics Incto launch a 5G smartphone in the first half of next year, marking the first 5G device deal for the No. 4 U.S. wireless carrier.
  
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• 'Fintechs' sound cautious note on offer of U.S. bank charter

  14-08-2018 21:22
  Financial technology companies that lend online are sounding a cautious note on a U.S. banking regulator's plan to offer them special federal charters because of concerns over legal challenges and requirements that are more onerous than expected.
  
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• Tinder founders sue parent IAC, saying it owes them billions

  14-08-2018 20:35
  A group of founders, executives and early employees of Tinder on Tuesday sued IAC/InterActiveCorp , claiming the parent company deliberately undervalued the dating app to avoid paying them billions of dollars and deprived some employees of stock options.
  
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• Liga announces landmark free-to-air deal with Facebook in India

  14-08-2018 19:22
  Spain's top flight soccer division La Liga announced on Tuesday a landmark deal with Facebook which will allow viewers in the Indian sub-continent to watch every game over the next three seasons for free on the social network.
  
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• Uber names Matt Olsen as chief security officer

  14-08-2018 18:40
  Uber Technologies Inc [UBER.UL] named Matt Olsen as its chief security officer, the ride hailing company's Chief Executive Officer Dara Khosrowshahi said in a tweet on Tuesday.
  
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• From laboratory in far west, China's surveillance state spreads quietly

  14-08-2018 18:14
  Filip Liu, a 31-year-old software developer from Beijing, was traveling in the far western Chinese region of Xinjiang when he was pulled to one side by police as he got off a bus.
  
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• Amazon to open Colombia service center, employ 600 workers

  14-08-2018 16:59
  Amazon.com Incon Tuesday said it will open its first customer service center in Colombia in October and employ 600 people.    The center, intended to prevent and resolve problems, will serve customers worldwide in Spanish, English and Portuguese, the world's largest online retailer said in a statement.
  
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• Tech still all the rage while bears prowl emerging markets: BAML survey

  14-08-2018 13:11
  Global investors remain overwhelmingly bullish on U.S. and Chinese tech shares, while short positions on emerging equities are growing increasingly popular, Bank of America Merrill Lynch's latest monthly fund manager survey showed on Tuesday.
  
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• Tencent games revenue in focus after China blocks "Monster Hunter: World"

  14-08-2018 11:31
  China's Tencent Holdings Ltd saw its stock tumble on Tuesday, wiping out around $15 billion in its market value, amid concern of a blow to its video game revenue after regulators blocked the sale of one of its blockbuster titles.
  
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• Australia plans law for tech firms to hand over encrypted private data

  14-08-2018 11:20
  Australia on Tuesday proposed a new law requiring technology firms such as Alphabet Inc's Google, Facebook and Apple to give police access to private encrypted data linked to suspected illegal activities.
  
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• NIO seeks to raise $1.8 billion in biggest U.S. listing by China automaker

  14-08-2018 10:04
  Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the biggest U.S. listing by a Chinese automaker.
  
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• Labor pushes My Health Record inquiry

  14-08-2018 08:34
  Labor says it will seek crossbench support for a Senate inquiry into the rollout of the My Health Record system.
  
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• Exclusive: Sequoia China to raise $6 billion in new fund with state-owned partner - sources

  14-08-2018 08:30
  Sequoia Capital China is teaming up with a state-owned venture capital (VC) fund and e-commerce powerhouse JD.com to raise up to 40 billion yuan ($5.81 billion) for a new investment firm to focus on late-stage tech investments, sources said.
  
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• Foxconn profit below forecast on soaring operating costs, shares fall

  14-08-2018 08:27
  Foxconn posted second-quarter net profit well below expectations as a rise in component costs and unsold inventory weighed on the performance of the Apple supplier and world's top contract electronics maker, analysts said.
  
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• Optus scores $6m Department of Health contract

  14-08-2018 08:19
  Optus Business has been appointed whole-of-department telecommunications provider for the Department of Health.
  
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• Encryption: Has the government stuck to its ‘no backdoors’ pledge?

  14-08-2018 03:35
  The government this morning unveiled an exposure draft of its much-anticipated legislative response to the increased use of encrypted communications services.
  
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• New law to force tech companies to build features for police

  14-08-2018 01:16
  Companies that provide communications services to Australians could be compelled to build new capabilities to help law enforcement agencies access information about how their services are being used, under a draft bill released today by the government.
  
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