Technology

Spark NZ expects to roll out 5G in next few years

(Reuters) – New Zealand telecommunications company Spark New Zealand said on Friday its plans for a fifth-generation network (5G) are progressing well and it expects to roll it out within the “next few years.” 5G is expected to provide faster speeds and response times than today’s 4G LTE network, with …

Technology

Walmex expands Wi-Fi in Mexican stores, pushing online shopping

MEXICO CITY (Reuters) – Wal-Mart de Mexico said on Thursday that it will install Wi-Fi throughout all but one of its chains in Mexico by next summer, in an attempt to collect user data and drive online sales by familiarizing shoppers with technology. FILE PHOTO: A cashier smiles beyond a …

Technology

Alibaba redraws retail fault lines with bricks-and-mortar push

HANGZHOU, China (Reuters) – In a small village shop near the eastern Chinese city of Hangzhou, store owner Lu Qiwei uses his smartphone to place orders to refill stocks of instant noodles, rice and drinks. FILE PHOTO: A sign of Alibaba Group is seen during the fourth World Internet Conference …

Technology

Exclusive: Uber's Chinese rival Didi Chuxing to enter Mexico next year – sources

MEXICO CITY/SAN FRANCISCO (Reuters) – Didi Chuxing, China’s ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two sources familiar with the plans. FILE PHOTO – A woman walks past Didi Chuxing’s booth at the Global Mobile Internet Conference (GMIC) 2017 in …

Technology

AT&T/Time Warner antitrust trial set for March

WASHINGTON (Reuters) – The trial to determine if the U.S. Department of Justice can stop AT&T Inc’s $85 billion purchase of media company Time Warner Inc will begin on March 19. FILE PHOTO – The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City, Mexico, September 18, …

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France's Ubisoft delays three releases, back catalog sales remain strong

(Reuters) – French video game producer Ubisoft (UBIP.PA) said on Thursday it was delaying the release of three games and lowering its 2017/18 sales goals while raising its targeted profit margin. FILE PHOTO – The Ubisoft booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, …

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U.S. judge sets March trial for AT&T-Time Warner merger case

WASHINGTON (Reuters) – The judge who will oversee the U.S. Justice Department’s bid to stop wireless and pay TV company AT&T Corp (T.N) from buying media company Time Warner Inc (TWX.N), on Thursday set March 19 as the trial date. The AT&T logo is pictured during the Forbes Forum 2017 …

Technology

Deutsche Bank says more regulation of cryptocurrencies needed

BERLIN (Reuters) – More regulation and some degree of security are needed to make cryptocurrencies such as bitcoin a serious new asset class for investors, Deutsche Bank Chief Investment Officer Christian Nolting said. FILE PHOTO: The headquarters of Germany’s Deutsche Bank are seen early evening in Frankfurt, Germany January 31, …

Technology

Budweiser maker Anheuser-Busch reserves 40 Tesla electric trucks

(Reuters) – Budweiser beer maker Anheuser-Busch has reserved 40 of Tesla Inc’s all-electric Semi trucks as it seeks to reduce fuel costs and vehicle emissions, the brewer said on Thursday. FILE PHOTO – Tesla’s new electric semi truck is unveiled during a presentation in Hawthorne, California, U.S., November 16, 2017. …

Technology

Chinese investor further raises stake in Dialog Semi to 8.15 percent

FRANKFURT (Reuters) – China’s top state silicon chipmaker has further raised its stake in Dialog Semiconductor, buying into share price weakness triggered by fears the Anglo-German firm could lose its top customer Apple Inc. Tsinghua Unigroup, through two wholly owned units, controls an 8.15 percent voting stake, Frankfurt-listed Dialog said …