Reuters Technology Report: January 12, 2017

Click to View in Browser Thursday, January 12, 2017 China's Xiaomi targets 2017 sales of $14.5 billion after 2016 overhaul HONG KONG (Reuters) - China's Xiaomi targets 2017 sales of over 100 billion yuan ($14.47 billion), Chief Executive Lei Jun said on Thursday, after a year that saw the firm fall down the smartphone vendor rankings while it overhauled its business. EU says U.S. explanation of Yahoo email scanning not enough BRUSSELS (Reuters) - The United States has not satisfied the European Union's concerns about Yahoo's scanning of all customers' incoming emails for U.S. intelligence purposes, the bloc's justice chief told Reuters in an interview. China's anti-Teslas: cheap models drive electric car boom BEIJING (Reuters) - More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan . Trump news conference sets worldwide social media afire NEW YORK (Reuters) - In his first news conference since the Nov. 8 election, President-elect Donald Trump set social media ablaze on Wednesday with remarks including harsh criticism of the press and a defense of his goal to improve ties with Russia. Samsung chief questioned by prosecutors in South Korea political scandal SEOUL (Reuters) - Special South Korean prosecutors questioned the head of top conglomerate Samsung Group [SAGR.UL] on suspicion of bribery on Thursday in an influence-peddling scandal that led to President Park Geun-hye's impeachment. Instagram adds advertising to Instagram Stories (Reuters) - Facebook Inc's Instagram is bringing more than 30 advertisers into one of its fastest-growing features, Instagram Stories, in a bid to boost advertising revenue, the company said on Wednesday. Amazon halts sales of Indian flag doormat after visa threat MUMBAI (Reuters) - Amazon.com removed doormats resembling the Indian tri-color flag from its Canadian website on Wednesday, after an Indian government threat to rescind visas of the U.S. company's employees if they did not stop selling the product. Third of global consumers open to Google, Amazon banking: survey NEW YORK (Reuters) - Roughly one in three banking and insurance customers globally would consider switching their accounts to Google , Amazon or Facebook if the Silicon Valley giants offered financial services, according to a new survey on Wednesday. Facebook launches project to improve ties with news media (Reuters) - Facebook Inc launched its "Journalism Project" on Wednesday, as the world's biggest social media network looks to deepen its relationship with news organizations. Amazon to pay C$1.1 million to settle Canada pricing case OTTAWA (Reuters) - The Canadian unit of Amazon.com will pay a C$1 million ($756,658.60) fine to settle an investigation into pricing activities on its website that gave an inaccurate view of how much consumers could save, Canada's competition watchdog said on Wednesday. Related Video Waste chicken feathers could help insulate homes Finnish scientists turn over a new leaf 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 2017 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