Technology

Exclusive: Hong Kong fund tells Toshiba that chip unit sale to Bain group not necessary

TOKYO (Reuters) – A Hong Kong-based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters. FILE PHOTO: A logo …

Technology

Hong Kong activist fund tells Toshiba chip unit sale to Bain group not necessary

TOKYO (Reuters) – A Hong Kong-based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters. FILE PHOTO: A logo …

Technology

Nokia COO to leave the company

HELSINKI (Reuters) – Telecom network equipment maker Nokia said on Monday its Chief Operating Officer Monika Maurer was leaving the company. A Nokia logo is seen at the company’s headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins Joerg Erlemeier, currently a Senior Vice President for Nokia Transformation, will be …

Technology

China Telecom earmarked as Philippines' 3rd telecoms player: Manila officials

MANILA (Reuters) – State-run China Telecom Corp could become the Philippines’ third telecoms player, officials of the Southeast Asian nation said on Sunday, as the government looks to stir up competition in an effort to boost notoriously poor services. Philippines President Rodrigo Duterte last month offered China the “privilege” of …

Technology

Mubadala has done 15 to 16 investments in Silicon Valley as part of the Softbank fund

ABU DHABI (Reuters) – Abu Dhabi’s state investor, Mubadala [MUDEV.UL], has made 15 to 16 investments in Silicon Valley as part of a partnership with Softbank Group, deputy group CEO, Waleed al-Muhairi, told a conference in Abu Dhabi. Mubadala has committed $15 billion to Japan’s SoftBank’s $93 billion private equity …

Technology

Uber heads to court in fight for London survival

LONDON (Reuters) – Uber [UBER.UL] will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market. FILE PHOTO: A photo illustration shows the Uber app …

Technology

China Telecom earmarked as the Philippines' third telecoms player

MANILA (Reuters) – State-run China Telecom Corp could become the Philippines’ third telecoms player, officials of the Southeast Asian nation said on Sunday, as the government looks to stir up competition in an effort to boost notoriously poor services. Philippines President Rodrigo Duterte last month offered China the “privilege” of …

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Virtual reality used to help adoptive parents

[unable to retrieve full-text content]Experiencing a child’s traumatic past could help parents understand their behaviour.

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Calls for Twitch to police 'sexual streaming'

Scroll through the In Real Life (IRL) section of streaming site Twitch and you could be forgiven for thinking, now and then, that you have landed on a camgirl site. Scattered among the artists, cooks and professional eaters are a growing band of young women wearing revealing clothing while they …

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The woman making money from food porn

Blogger Kimberly Espinel earns a living by showing people how to photograph their food for social media. She charges about $270 a session. She says most of her clients don’t work in the food industry but want to show off their meals on Instagram. Video journalist: Patrick Clahane