Reuters Technology Report: May 18, 2017

Click to View in Browser Thursday, May 18, 2017 EU fines Facebook 110 million euros over WhatsApp deal BRUSSELS (Reuters) - European Union antitrust regulators fined Facebook 110 million euros ($122 million) on Thursday for giving misleading information during a vetting of its deal to acquire messaging service WhatsApp in 2014. Germany refers case on Uber sedan service to European court KARLSRUHE, Germany (Reuters) - Germany's highest court on Thursday referred a case seeking to ban Uber's sedan services with licensed drivers to the European Court of Justice to decide whether a ban of the "Uber Black" service would violate broader European Union laws. U.S. cyber bill would shift power away from spy agency WASHINGTON (Reuters) - A bill proposed in Congress on Wednesday would require the U.S. National Security Agency to inform representatives of other government agencies about security holes it finds in software like the one that allowed last week's "ransomware" attacks. Apple begins assembling iPhone SE in southern India plant MUMBAI (Reuters) - Apple Inc has begun assembling its low-priced iPhone SE at its contract manufacturer's plant in the technology hub of Bengaluru in southern India, the company said in a statement. Japan's Sharp to invest $1 billion in SoftBank's 'Vision' Tech Fund TOKYO (Reuters) - Sharp Corp said on Thursday it would invest up to $1 billion in SoftBank Group's planned $100 billion Vision fund and that it aims to tap advanced technologies through the investment. Google shifts mobile focus to apps and digital assistant (Reuters) - Mobile phone apps took center stage at Google's annual developer conference on Wednesday as the search giant announced new features for its digital assistant and its popular photo app while devoting little time to the Android mobile operating system. Qualcomm ups ante in fight with Apple, sues four Taiwanese suppliers (Reuters) - Chipmaker Qualcomm Inc has escalated its patent battle with Apple Inc , suing Foxconn and three other Taiwanese manufacturers that supply iPhone and iPad components for not paying royalties. Cisco revenue forecast disappoints; says to cut 1,100 more jobs (Reuters) - Cisco Systems Inc forecast current-quarter revenue that widely missed analysts' estimates and said it would cut 1,100 more jobs, as the world's largest networking gear maker steps up efforts to transform into a software-focused company. Softbank-backed OneWeb increases offer for Intelsat NEW YORK (Reuters) - OneWeb, the U.S. satellite startup backed by Japan's SoftBank Group Corp, has increased its merger proposal for Intelsat SA by offering Intelsat's creditors a smaller discount for their bonds than it had before. Chinese state media says U.S. should take some blame for cyber attack BEIJING (Reuters) - Chinese state media on Wednesday criticized the United States for hindering efforts to stop global cyber threats in the wake of the WannaCry "ransomware" attack that has infected more than 300,000 computers worldwide in recent days. Related Video Google's AI raises the bar for rivals Apple, Amazon Scientists discover coral that could beat climate change 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