Friday 22 September 2017

Reuters Technology Report: September 22, 2017

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Friday, September 22, 2017
Uber stripped of its license to operate in London
LONDON (Reuters) - London's transport regulator on Friday stripped Uber [UBER.UL] of its license to operate from the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app.
Exclusive: German carmakers' HERE spent 640 million euros on R&D in 2016
AMSTERDAM (Reuters) - Germany's three biggest carmakers have accelerated R&D spending at HERE after their 2015 acquisition of the digital mapping company as they race to develop the navigation technology needed for self-driving cars.
Kremlin: Russia did not use Facebook adverts to sway U.S. election
MOSCOW (Reuters) - Russia did not place adverts on Facebook Inc to try to influence the 2016 U.S. Presidential election, Kremlin spokesman Dmitry Peskov said on Friday.
Exclusive: U.S. Homeland Security found SEC had 'critical' cyber weaknesses in January
WASHINGTON (Reuters) - The U.S. Department of Homeland Security detected five "critical" cyber security weaknesses on the Securities and Exchange Commission's computers as of January 23, 2017, according to a confidential weekly report reviewed by Reuters.
Hack of Wall Street regulator rattles investors, lawmakers
WASHINGTON (Reuters) - Wall Street's top regulator came under fire on Thursday over its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading.
Equifax under pressure from banks to shape up
NEW YORK (Reuters) - U.S. consumer credit reporting bureau Equifax Inc risks losing support from banks unless it can show its database on millions of borrowers is secure from another cyber-attack.
Apple's iPhone 8 sees muted launch in Asia
SYDNEY/TOKYO (Reuters) - Apple Inc's launch of iPhone 8 kicked off in a less lively mood in Asia, versus previous debuts, as fans held out for the premium iPhone X due out in early November.
Venture fundraising in yuan soars as investors target Chinese tech firms
HONG KONG (Reuters) - China-focused venture capital funds are increasing their bets on local technology companies and a further opening of Chinese domestic capital markets, raising money in the yuan at the fastest pace in five years.
VR needs more competition to build audience, top player Sony says
CHIBA (Reuters) - Sony Corp's gaming chief on Friday said the virtual reality gaming market needs more competition to drive adoption of the technology and spur software development, adding the sheer size of Sony's lead over rivals is cause for discomfort.
Australia okays use of China drones in non-classifed operations
MELBOURNE (Reuters) - The Australian government has resumed the use of Chinese-built drones in non-classifed situations, the country's defense minister said on Thursday.
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