Reuters Technology Report: March 28, 2017

Click to View in Browser Tuesday, March 28, 2017 Amazon clinches deal to buy Middle East online retailer Souq.com DUBAI (Reuters) - Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last minute bid by Dubai billionaire Mohamed Alabbar's Emaar Malls . Uber to end services in Denmark after three years COPENHAGEN (Reuters) - Ride-hailing group Uber Technologies [UBER.UL] will withdraw services in Denmark next month due to a taxi law that sets out new requirements for drivers such as mandatory fare meters, the company said on Tuesday. Payments company Square launches in the UK SAN FRANCISCO (Reuters) - Square Inc, the payments company led by Twitter Inc Chief Executive Jack Dorsey, has launched in the United Kingdom in its first European foray. Samsung Electronics says to sell refurbished Galaxy Note 7s SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said late on Monday that it plans to sell refurbished versions of the Galaxy Note 7 smartphones, the model pulled from markets last year due to fire-prone batteries. Chinese tech giant Tencent signs $4.65 billion loan deal HONG KONG (Reuters) - Chinese tech giant Tencent Holdings has signed a $4.65 billion loan deal, Basis Point reported, amid a flurry of fund-raising by China's internet giants. Snap surges after IPO banks give flurry of 'buy' ratings (Reuters) - Shares of Snap Inc jumped nearly 5 percent on Monday after several of the Snapchat owner's IPO underwriters handed it badly needed "buy" ratings. Facebook's Messenger app adds live location-sharing MENLO PARK, Calif. (Reuters) - Facebook Inc added a feature to its Messenger app on Monday to allow users to share their locations continuously for up to an hour, ramping up competition with tools offered by Apple Inc and Alphabet Inc's Google Maps. Comcast to expand streaming service amid cord-cutting trend NEW YORK (Reuters) - Comcast Corp is planning to rebrand and expand a streaming video option for broadband subscribers who do not want to pay for a traditional cable package, sources told Reuters on Monday. Ericsson hit by bill of up to $1.7 billion as new CEO sets out overhaul STOCKHOLM (Reuters) - Sweden's Ericsson will book up to $1.7 billion in provisions, writedowns and restructuring costs in the first quarter as its new CEO outlined his strategy to lead the telecom equipment maker out of its worst crisis in a decade. China ride sharing giant Didi mulls $6 bln SoftBank-backed investment: Bloomberg SHANGHAI (Reuters) - Chinese ride sharing firm Didi Chuxing is considering a $6 billion investment backed by Japan's SoftBank Group Corp, as it looks to take on global rivals such as Uber Technologies Inc [UBER.UL], Bloomberg reported on Tuesday citing sources familiar with the matter. Related Video Tel Aviv's trash is being turned into fuel Fashion trending footwear made from recycled water bottles 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