DL-Protect


Uber to retain Careem brand for now: Careem CFO






DUBAI (Reuters) - Uber and Middle East ride-hailing business Careem will remain separate entities until at least the first quarter of 2020, when Uber’s acquisition is expected to close, Careem’s CFO said on Tuesday.

The $3.1 billion dollar acquisition will make Careem a wholly owned subsidiary of Uber, but the Careem brand and app will remain intact, at least initially.

Read more

Oil group Total hopes new supercomputer will help it find oil faster and more cheaply






PARIS (Reuters) - Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in the sector - will enable its geologists to find oil faster, cheaper and with a better success rate.

The Pangea III computer build by IBM will help process complex seismic data in the search for hydrocarbons 10 times faster that before, Total said on Tuesday.

Read more

Advertisers, agencies and social media combine to tackle online threat






LONDON (Reuters) - Sixteen of the world’s biggest advertisers have joined together to push platforms such as Facebook, Twitter and Google’s YouTube to do more to tackle dangerous and fake content online.

The Global Alliance for Responsible Media will also include media buying agencies from the major ad groups - WPP, IPG, Publicis, Omnicom and Dentsu - as well as the platform owners, the group said on Tuesday at the ad industry’s annual gathering in Cannes, France.

Read more

French drugmaker Sanofi, Google to use data tech for innovations






PARIS (Reuters) - French healthcare company Sanofi has teamed up with Google to work on innovations, aimed at using emerging data technologies to change how medicines and health services will be delivered in future.

Sanofi and Google will use data sets to improve their understanding of key diseases and extract patients’ insights and feedback, the companies said in a joint statement.

Read more

Huawei says U.S. ban hurting more than expected, to wipe $30 billion off revenue






HONG KONG (Reuters) - China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year.

Ren’s downbeat assessment that the ban will hit revenue by $30 billion, the first time Huawei has quantified the impact of the U.S. action, comes as a surprise after weeks of defiant comments from company executives who maintained Huawei was technologically self-sufficient.

Read more

Senator Rubio targets Huawei over patents






WASHINGTON (Reuters) - U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co Ltd from seeking damagesin U.S. patent courts, after the Chinese firm demanded that Verizon Communications Inc pay $1 billion to license the rights to patented technology.

Under the amendment - seen by Reuters - companies on certain U.S. government watch lists, which would include Huawei, would not be allowed to seek relief under U.S. law with respect to U.S. patents, including bringing legal action over patent infringement.

Read more

U.S. chipmakers quietly lobby to ease Huawei ban






SAN FRANCISCO/WASHINGTON (Reuters) - Huawei’s American chip suppliers, including Qualcomm and Intel, are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech giant, even as Huawei itself avoids typical government lobbying, people familiar with the situation said.

Executives from top U.S. chipmakers Intel and Xilinx Inc attended a meeting in late May with the Commerce Department to discuss a response to Huawei’s placement on the black list, one person said.

Read more

France warns new European drone must be competitive on price






PARIS (Reuters) - A next-generation drone being developed by several European nations must be price competitive or the project designed to project European unity and strength in an increasingly uncertain world will flounder, France’s defense minister warned on Monday.

France and Germany are spearheading the development of a new manned fighter jet to replace the Eurofighter Typhoon and Dassault Aviation’s Rafale fighter jet, as well as a range of associated weapons, including drones.

Read more

Amazon embraces U.S. government business, despite occasional controversy






SCOTTSDALE, Ariz (Reuters) - The head of Amazon.com Inc’s cloud computing division on Monday said the company would work with any government agency that followed the law, in contrast with rival Microsoft Corp, which has touted its rejection of controversial sales.

“We will serve the federal government, and they will have to use the technology responsibly,” Andy Jassy, CEO of Amazon Web Services, said at the 2019 Code Conference after being asked if the company worked with U.S. Immigration and Customs Enforcement. “Any government department that’s following the law, we will serve them.”

Read more

Fear and fervor propel Shanghai's tech board amid trade, Huawei tensions






SHANGHAI (Reuters) - Chinese companies and investors are lining up in spades to take part in Shanghai’s new Nasdaq-style tech board, with a groundswell of patriotic support surging further after the U.S. blacklisting of telecom firm Huawei inflamed trade tensions.

In the two months since the application period began, 120 firms - many in industries such as semiconductors, artificial intelligence and biotech - have sought permission to list, aiming to raise a combined $16 billion.

Read more