Reuters Technology Report: December 19, 2016

Click to View in Browser Monday, December 19, 2016 Apple to appeal EU tax ruling this week, says it was a 'convenient target' CUPERTINO, Calif. (Reuters) - Apple will launch a legal challenge this week to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said. Yahoo security problems a story of too little, too late SAN FRANCISCO/BOSTON/WASHINGTON (Reuters) - In the summer of 2013, Yahoo Inc launched a project to better secure the passwords of its customers, abandoning the use of a discredited technology for encrypting data known as MD5. Ride hailing app Careem says closes first part of $500 mln funding round DUBAI (Reuters) - Ride-hailing app Careem has closed the first part of a $500 million funding round backed by investors including Japan's Rakuten Inc and Saudi Telecom Co (STC), the Dubai-based company said in a statement on Monday. Ride-hailing firm Uber partners Indonesian taxi operator Express JAKARTA (Reuters) - Uber Technologies [UBER.UL] and Indonesia's second-biggest taxi operator PT Express Transindo Utama Tbk announced on Monday a partnership on ride-sharing and vehicle financing. Samsung Electronics likely to procure phone batteries from LG Chem: Chosun Ilbo SEOUL (Reuters) - Samsung Electronics Co Ltd is in talks with LG Chem Ltd to make it one of its smartphone battery suppliers, the Chosun Ilbo newspaper said on Monday - a move that would diversify its supplier base after the failure of its Galaxy Note 7. Switching gears, Canada's BlackBerry to open autonomous vehicle hub OTTAWA (Reuters) - Canada's BlackBerry Ltd will open an autonomous driving research center on Monday, as it tries to make itself an indispensable under-the-hood piece of the automotive industry's weaponry in the self-driving vehicle arms race. Britain urged to increase cyber security in financial services LONDON (Reuters) - Britain's intelligence agencies need to do more to help regulators to protect the financial services industry from cyber crime, the head of an influential parliamentary committee said on Monday. Virtual assistants expected to top virtual reality in holiday sales (Reuters) - Virtual assistants are set to pummel virtual reality headsets in the fight for consumer dollars this holiday season, while smartwatches drive wearable sales. Drones may fly under the radar, though. Senators call for probe of cyber attacks by Russia WASHINGTON (Reuters) - U.S. Republican and Democratic senators called on Sunday for a special bipartisan panel to investigate cyber attacks against the United States by foreign countries with a focus on Russia's alleged efforts to influence the U.S. presidential election. German courts should go after fake news on Facebook now: minister BERLIN (Reuters) - German judges and state prosecutors need to crack down straight away on fake news disseminated through social media platforms such as Facebook, Germany's Justice Minister Heiko Maas said in an interview published on Sunday. Related Video Starfish lava timelapse wins science video prize NASA's Mars rover finds new clues about life on the Red Planet Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2016 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook