Technology

Finisar gets $390 million from Apple to make more iPhone X chips

(Reuters) – Finisar Corp is getting a $390 million investment from Apple Inc to revive a plant in Texas, which will boost production of chips that power high-profile iPhone X features including Face ID and portrait mode photos. FILE PHOTO: The Apple logo is pictured inside the newly opened Omotesando …

Technology

T-Mobile to launch new television service in 2018, acquire Layer3 TV

NEW YORK (Reuters) – U.S. No. 3 wireless carrier T-Mobile US Inc will launch a new television service in 2018 and acquire television technology company Layer3 TV Inc for an undisclosed amount as part of its plans, it said on Wednesday. FILE PHOTO: A T-Mobile logo is advertised on a …

Technology

France proposes age-of-consent rule for Facebook users

PARIS (Reuters) – All French children under the age of 16 will have to seek parental approval to open an account on Facebook or any other social network under draft legislation presented on Wednesday. FILE PHOTO: A giant logo is seen at Facebook’s headquarters in London, Britain, December 4, 2017. …

Technology

T-Mobile to launch a new television service in 2018, acquire Layer3 TV

NEW YORK (Reuters) – T-Mobile US Inc said on Wednesday it will launch a new television service in 2018 and acquire television technology company Layer3 TV Inc for an undisclosed amount as part of its plans. FILE PHOTO: A T-Mobile logo is advertised on a building sign in Los Angeles, …

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Starbucks wi-fi makes computers mine crypto-currency

Starbucks has acknowledged that visitors to one of its shops were unwittingly recruited into a crypto-currency mining operation. The wi-fi service provided by one of the coffee chain’s Buenos Aires outlets surreptitiously hijacked connected computers to use their processing power to create digital cash. Starbucks said that it had taken …

Technology

Germany monitoring bitcoin market impact: FinMin

BERLIN (Reuters) – Germany is carefully monitoring the impact of cryptocurrencies on markets, a finance ministry spokesman said on Wednesday, as bitcoin surged and the futures of the best known cryptocurrency made their world debut on a U.S. stock exchange. FILE PHOTO: A beer sits next to a Bitcoin sign …

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Twitter 'baby poop' video launches spam

A Twitter video promising a “hysterical” response from a dog to a baby soiling its nappy appears to have been disabled by the social network. The malicious app gained access to users’ Twitter feeds, spamming links from a viral video website. The app also had the ability to read users’ …

Technology

Greek top court paves way for U.S. extradition of Russian bitcoin fraud suspect

ATHENS (Reuters) – Greece’s Supreme Court on Wednesday paved the way for the extradition to the United States of Russian bitcoin fraud suspect Alexander Vinnik. Vinnik is accused by U.S. authorities of laundering $4 billion via a platform trading the digital currency bitcoin. He denies the allegations and had fought …

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Broadband over 'wet string' tested for fun

Engineers at a small British internet service provider have successfully made a broadband connection work over 2m (6ft 7in) of wet string. The connection reached speeds of 3.5Mbps (megabits per second), according to the Andrews and Arnold engineer who conducted the experiment. The point of the experiment appears to have …

Technology

Apple to invest $390 million in Finisar to ramp up chip production

(Reuters) – Apple Inc will give Finisar Corp $390 million to increase production of chips that power high-profile iPhone X features including Face ID, Animojis and portrait-mode photos. FILE PHOTO: The Apple logo is pictured inside the newly opened Omotesando Apple store at a shopping district in Tokyo June 26, …