Reuters Technology Report: July 5, 2017

Click to View in Browser Wednesday, July 5, 2017 Geely's Volvo to go all electric with new models from 2019 STOCKHOLM (Reuters) - All Volvo car models launched after 2019 will be electric or hybrids, the Chinese-owned company said on Wednesday, making it the first major traditional automaker to set a date for phasing out vehicles powered solely by the internal combustion engine. Alibaba launches low-cost voice assistant amid AI drive BEIJING (Reuters) - China's Alibaba Group Holding Ltd launched on Wednesday a cut-price voice assistant speaker, similar to Amazon.com Inc's "Echo", its first foray into artificially intelligent home devices. China's Tencent shrugs off impact of play-time limits; shares rise HONG KONG (Reuters) - Tencent Holdings Ltd has shrugged off concerns that a move to limit play time for some users of its top-grossing "Honour of Kings" game could hurt its bottom line, saying those targeted make up only a small portion of its overall user base. U.S. government seeks to intervene in Apple's EU tax appeal: source WASHINGTON (Reuters) - The U.S. government has sought to intervene in Apple's appeal against an EU order to pay back up to 13 billion euros ($14.8 billion) in Irish taxes, a source familiar with the matter said on Tuesday. TomTom, Baidu to collaborate on maps for computer-assisted driving AMSTERDAM (Reuters) - TomTom NV, the Dutch maker of navigation software for cars, on Wednesday said it had struck a deal with Chinese internet company Baidu to collaborate on digital maps used for computer-assisted driving. Chairman of struggling Ericsson to stand down STOCKHOLM (Reuters) - Leif Johansson, chairman of Sweden's Ericsson , plans to quit before the company's annual meeting in 2018 as the struggling mobile equipment firm tries to restore profitability. Avis's car-sharing service Zipcar quits Austria VIENNA (Reuters) - Zipcar, the car-sharing service of auto group Avis, will exit Austria by Aug. 6 after five years, a spokeswoman said on Wednesday, adding customers would be offered refunds for fees already paid beyond that date. Ukraine police prevent second cyber attack: minister KIEV (Reuters) - Ukrainian cyber police have blocked the second cyber attack against Ukraine, Ukrainian Interior Minister Arsen Avakov said on Wednesday. Nokia, China's Xiaomi sign patent deal HELSINKI (Reuters) - Telecoms network equipment maker Nokia and Chinese smartphone maker Xiaomi Technology have signed a patent licensing agreement, the companies said on Wednesday. Indian e-commerce firm Snapdeal rejects rival Flipkart's initial bid: sources MUMBAI (Reuters) - India's No. 3 e-commerce player Snapdeal has rejected an initial takeover offer from its larger rival Flipkart this week, but the talks between the two camps that have been attempting to forge a deal for months continue, said two sources close to the matter. Related Video Scientists test lunar robots on Mount Etna Facebook drone completes second test flight 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