Samsung ceases mobile phone production in China as domestic rivals gain ground

Samsung ceases mobile phone production in China as domestic rivals gain ground

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(Reuters) — Samsung has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market. The shutdown of Samsung’s last China phone factory comes after it cut production at the plant in the southern city of Huizhou in […]

Wunder Mobility closes $60 million round to expand its urban transport platform in the U.S.

Wunder Mobility closes $60 million round to expand its urban transport platform in the U.S.

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Wunder Mobility, which develops a platform that lets companies and municipalities create their own urban mobility services, has raised an additional $30 million from Blumberg Capital and KCK to close out its series B round of funding at $60 million. The Hamburg-based company announced the first $30 million tranche a […]

U.S. senator raises concern over police use of Amazon’s Ring doorbell camera

U.S. senator raises concern over police use of Amazon’s Ring doorbell camera

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(Reuters) — U.S. Democratic Senator Edward Markey raised concerns on Thursday that law enforcement use of Amazon.com’s Ring doorbell camera in investigations could disproportionately affect people of color and encourage racial profiling. In a letter to Amazon Chief Executive Jeff Bezos, Markey said sharing information from Ring’s at-home camera systems […]

The small nations going big on cryptocurrency

The small nations going big on cryptocurrency

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(Reuters) — When Belarusian President Alexander Lukashenko met entrepreneur Viktor Prokopenya in March 2017, their discussion was scheduled to last for an hour but went on for three times that long. The meeting, Prokopenya said, ended with Lukashenko asking him to propose regulations to boost the country’s tech sector. Prokopenya […]

Waymo, Renault, and Nissan explore autonomous transport services in France and Japan

Waymo, Renault, and Nissan explore autonomous transport services in France and Japan

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(Reuters) — French automaker Renault, its Japanese partner Nissan and tech giant Alphabet’s Waymo are exploring a partnership to develop and use self-driving vehicles to transport people and goods in France and Japan, the companies said on Thursday. The proposed venture could also be expanded to other markets, the companies […]