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[Reuters] Reuters reveals Biden announces new $150 million weapons package for Ukraine UGN Security 05/06/22 05:58 PM

Reuters was first to report that President Joe Biden would sign a new weapons package worth at least $100 million for Ukraine, the latest in a series of transfers to help Kyiv repel Russia’s invasion. The United States has rushed $3.4 billion worth of armaments to Ukraine since Russia invaded on Feb. 24, including howitzers, anti-aircraft Stinger systems, anti-tank Javelin missiles, ammunition and recently-disclosed “Ghost” drones.


The post Reuters reveals Biden announces new $150 million weapons package for Ukraine appeared first on Reuters News Agency.

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[Reuters] Reuters reveals Germany’s SAP hires adviser for $1 bln Litmos software UGN Security 05/03/22 01:40 PM

Reuters revealed German software firm SAP is working with investment bank Moelis & Co to sell its corporate learning software business Litmos as it seeks to streamline its operations and focus on cloud-based revenue. The sale of California-based Litmos, which is profitable, could fetch a valuation of more than $1 billion.


The post Reuters reveals Germany’s SAP hires adviser for $1 bln Litmos software appeared first on Reuters News Agency.

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[Reuters] Reuters reveals Shanghai authorities helped Tesla reopen factory, letter shows UGN Security 05/03/22 08:23 AM

Reuters revealed Shanghai authorities helped Tesla transport over 6,000 workers and carry out necessary disinfection work to reopen its factory last month amid the city’s lockdown. A letter that Tesla sent to local officials, seen by Reuters, outlined the lengths to which the city went to help the U.S. automaker, indicating Tesla’s importance to Shanghai as the city tries to restart business while curbing the spread of COVID-19.


The post Reuters reveals Shanghai authorities helped Tesla reopen factory, letter shows appeared first on Reuters News Agency.

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[Reuters] Reuters reveals China uses AI software to improve its surveillance capabilities UGN Security 04/27/22 11:40 AM

Reuters exclusively reported that dozens of Chinese firms have built software that uses artificial intelligence to sort data collected on residents, amid high demand from authorities seeking to upgrade their surveillance tools, a Reuters review of government documents shows.





According to more than 50 publicly available documents examined by Reuters, dozens of entities in China have over the past four years bought such software, known as “one person, one file.” The technology improves on existing software, which simply collects data but leaves it to people to organize.


The post Reuters reveals China uses AI software to improve its surveillance capabilities appeared first on Reuters News Agency.

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[Reuters] Reuters reveals Apple faces extra EU antitrust charge in music streaming probe UGN Security 04/11/22 08:10 AM

Reuters exclusively reported that Apple faces an additional EU antitrust charge in the coming weeks in an investigation triggered by a complaint from Spotify, a person familiar with the matter said, a sign that EU enforcers are strengthening their case against the U.S. company.





The European Commission last year accused the iPhone maker of distorting competition in the music streaming market via restrictive rules for its App Store, which force developers to use its own in-app payment system and prevent them from informing users of other purchasing options. Apple shares dropped 1.6% shortly following the exclusive. 


The post Reuters reveals Apple faces extra EU antitrust charge in music streaming probe appeared first on Reuters News Agency.

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[Reuters] Reuters reveals Samsung’s reputation hit as prices slashed at home for new premium phone UGN Security 04/08/22 04:29 AM

Reuters exclusively reported that Samsung Electronics’ flagship Galaxy S22 smartphone has taken a battering from reports of hobbled performance and has seen carriers halve its price at home in South Korea just weeks since its launch, hurting its image as an iPhone rival.





Consumers have complained—and even filed a class-action lawsuit—about the handset maker advertising what it called its most powerful smartphone yet, with scant detail about performance management software that they say drastically slows the premium device when using processor-intensive applications.


The post Reuters reveals Samsung’s reputation hit as prices slashed at home for new premium phone appeared first on Reuters News Agency.

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[Reuters] Reuters reveals U.S. warned firms about Russia’s Kaspersky software day after invasion UGN Security 03/31/22 06:18 PM

Reuters revealed that the U.S. government began privately warning some American companies the day after Russia invaded Ukraine that Moscow could manipulate software designed by Russian cybersecurity company Kaspersky to cause harm. The classified briefings are part of Washington’s broader strategy to prepare providers of critical infrastructure for potential Russian intrusions. 


The post Reuters reveals U.S. warned firms about Russia’s Kaspersky software day after invasion appeared first on Reuters News Agency.

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[Reuters] Reuters reveals Italy masts M&A looms as government moves to cut Rai Way stake UGN Security 03/07/22 02:16 PM

Reuters exclusively reported that Italy’s Prime Minister Mario Draghi has approved a decree allowing Italy’s state broadcaster RAI to cut its holding in towers unit Rai Way below 51%, in a move expected to trigger sector consolidation. The decree could pave the way for merger talks between Rai Way and EI Towers, the officials said, a long-mooted tie-up that would create a group worth more than 2 billion euros ($2.2 billion) in the television and radio mast sector.


The post Reuters reveals Italy masts M&A looms as government moves to cut Rai Way stake appeared first on Reuters News Agency.

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[Reuters] Reuters reveals Chinese automaker SAIC’s MG Motor India to raise funds for EV push UGN Security 03/03/22 11:05 PM

Reuters exclusively reported that MG Motor India, which is owned by China’s SAIC Motor, plans to raise funds to develop its Indian electric mobility business, as Chinese investments face increased scrutiny by the government in New Delhi. MG Motor India may try to sell a stake of between 10% and 30% and is looking at options including issuing new shares or diluting SAIC’s holding, adding that it may even create a separate unit for its electric vehicle business in India.


The post Reuters reveals Chinese automaker SAIC’s MG Motor India to raise funds for EV push appeared first on Reuters News Agency.

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[Reuters] Reuters reveals Ukraine seeks action against Russia from gaming, cloud and other tech firms UGN Security 03/02/22 04:17 AM

Reuters exclusively reported that Ukraine plans to urge about 50 additional tech companies, including in gaming, esports and internet infrastructure, to take action against Russia following a slew of earlier requests. Oracle swiftly suspended operations in Russia. Other tech giants, including Google and Apple, were asked to shutter their mobile app stores in Russia but appear more likely to block downloads of select apps.


The post Reuters reveals Ukraine seeks action against Russia from gaming, cloud and other tech firms appeared first on Reuters News Agency.

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[Reuters] Reuters reveals North Korea grows nuclear, missiles programs profits from cyberattacks UGN Security 02/07/22 01:50 AM

Reuters reported exclusively that U.N. sanctions monitors found North Korea continued to develop its nuclear and ballistic missile programs during the past year, and cyberattacks on cryptocurrency exchanges were an important revenue source for Pyongyang. An excerpt of a confidential United Nations report seen by Reuters said North Korea continued to seek material, technology and know-how for these programs overseas. 


The post Reuters reveals North Korea grows nuclear, missiles programs profits from cyberattacks appeared first on Reuters News Agency.

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[Reuters] Reuters reveals France’s Thales considers move for Atos cybersecurity arm BDS UGN Security 02/02/22 12:53 PM

Reuters was first to report that French defense group Thales is working on a plan to buy the cybersecurity business of IT consultancy group Atos, as part of a $3 billion tie-up that would test the political determination for shoring up France’s digital defenses. Thales, which ranks as Europe’s largest defense electronics company, and its adviser Centerview Partners, have approached several private equity firms, including Bain Capital, to study a joint offer for Atos, which issued two profit warnings in seven months. Any deal involving buyout funds would likely trigger a break-up of Atos and raise political concern ahead of France’s presidential election in April. Shares in Atos jumped 10% on the news, while Thales’ stock was down 3%.


The post Reuters reveals France’s Thales considers move for Atos cybersecurity arm BDS appeared first on Reuters News Agency.

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[Reuters] Reuters reveals In heated meeting, India seeks tougher action from U.S. tech giants on fake news UGN Security 02/02/22 04:34 AM

Reuters exclusively reported that Indian officials have held heated discussions with Google, Twitter and Facebook for not proactively removing what they described as fake news on their platforms, the government’s latest altercation with Big Tech. The officials, from the Ministry of Information and Broadcasting, strongly criticized the companies and said their inaction on fake news was forcing the Indian government to order content takedowns, which in turn drew international criticism that authorities were suppressing free expression. 


The post Reuters reveals In heated meeting, India seeks tougher action from U.S. tech giants on fake news appeared first on Reuters News Agency.

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[Reuters] Reuters exclusively reports Renault, Nissan, Mitsubishi to unveil 2030 EV plan this week; market reacts UGN Security 01/24/22 02:06 PM

Reuters reported exclusively that Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to triple their investment to jointly develop electric vehicles (EVs), a mark of deepened cooperation and potentially greater cost savings for the three companies. The three are expected to announce on Thursday a plan to invest more than 20 billion euros ($23 billion) over the next five years on EV development. By 2030, the alliance is expected to come up with more than 30 new battery EVs underpinned by five common platforms, including a new platform for compact EVs designed by Renault.


The post Reuters exclusively reports Renault, Nissan, Mitsubishi to unveil 2030 EV plan this week; market reacts appeared first on Reuters News Agency.

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[Reuters] Reuters exclusively reports U.S. examining Alibaba’s cloud unit for national security risks; market reacts UGN Security 01/18/22 04:42 PM

Reuters exclusively reported that the Biden administration is reviewing its cloud business to determine whether it poses a risk to U.S. national security. The focus of the probe is on how the company stores U.S. clients’ data – including personal information and intellectual property – and whether the Chinese government could gain access to it. If regulators ultimately decide to block transactions between American firms and Alibaba Cloud, it will damage the bottom line of one of the company’s most promising businesses and deal a blow to reputation of the company as a whole.


The post Reuters exclusively reports U.S. examining Alibaba’s cloud unit for national security risks; market reacts appeared first on Reuters News Agency.

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[Reuters] Reuters reveals Women force change at Indian iPhone plant amid complaints of sickness and crowded dorms UGN Security 12/30/21 05:14 AM

For women who assembled iPhones at a Foxconn plant in southern India, crowded dorms without flush toilets and food sometimes crawling with worms were problems to be endured for the paycheck. Reuters took a closer look at the protest that shut down a plant where 17,000 had been working, casting a stark light on living and working conditions at Foxconn, a firm central to Apple’s supply chain.


The post Reuters reveals Women force change at Indian iPhone plant amid complaints of sickness and crowded dorms appeared first on Reuters News Agency.

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[Reuters] Global tech crackdown UGN Security 12/20/21 02:58 PM

Big Tech has enjoyed years of unfettered growth, but now the U.S., EU, China and India have launched unprecedented crackdowns on some of the biggest names in the business. Lawmakers and regulators are going after anti-competitive practices and looking at privacy and security at companies such as Facebook and Apple, Google and Amazon. Reuters is keeping clients and readers ahead on this huge story, delivering comprehensive coverage and, in some cases, even spurring action by lawmakers and corporations. 






The post Global tech crackdown appeared first on Reuters News Agency.

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[Reuters] Reuters reveals Facebook to win conditional EU nod for Kustomer buy UGN Security 12/16/21 06:16 PM

Reuters exclusively reported that Facebook is set to gain EU antitrust approval for its acquisition of Kustomer - an acquisition that media have reported would be worth more than $1 billion. The approval comes after Facebook offered remedies that allow rival products to function with those of the U.S. customer service startup.





A buying spree of startups by big companies has triggered concerns on both sides of the Atlantic, with regulators worried about so-called killer acquisitions aimed at shutting down potential rivals before they are big enough to be a threat.


The post Reuters reveals Facebook to win conditional EU nod for Kustomer buy appeared first on Reuters News Agency.

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[Reuters] Reuters exclusively reports Microsoft’s $16 billion Nuance bid set for EU antitrust approval; market reacts UGN Security 12/10/21 03:27 PM

On Friday, Reuters exclusively reported that Microsoft is set to secure unconditional EU antitrust approval for its $16 billion bid for artificial intelligence and speech technology company Nuance Communications. The latest tech deal, Microsoft’s second-biggest after its $26.2 billion LinkedIn purchase in 2016, follows heightened regulatory scrutiny of “killer acquisitions” whereby tech giants buy and shut down nascent start-ups and potential rivals.


The post Reuters exclusively reports Microsoft’s $16 billion Nuance bid set for EU antitrust approval; market reacts appeared first on Reuters News Agency.

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[Reuters] Reuters reveals Uber talks with Mideast unit over outside investment; market reacts UGN Security 12/07/21 07:47 PM

Reuters exclusively reported that Uber Technologies is in talks with the management of its Middle East unit Careem to bring outside investors into the business, citing four sources familiar with the matter. The investment would help finance the further roll-out of Careem’s so-called Super App, two of the sources said, which offers services outside its core ride-hailing business such as food delivery, digital payments and courier services.


The post Reuters reveals Uber talks with Mideast unit over outside investment; market reacts appeared first on Reuters News Agency.

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[Reuters] Reuters reveals Trump’s social media venture seeks to raise $1 billion; market reacts UGN Security 12/02/21 04:35 PM

Shares of Digital World Acquisition Corp rose as much as 22% after Reuters exclusively reported that the blank-check acquisition firm and former U.S. President Donald Trump’s social media venture were seeking to raise $1 billion for their deal. Trump Media & Technology Group, which has yet to roll out the social media app it says it is developing, already stands to receive $293 million if its deal to list in New York through a merger with blank-check firm Digital World Acquisition Corp is completed. The deal valued Trump Media at $875 million, including debt, and Trump Media is now seeking to raise up to an additional $1 billion at a valuation of close to $3 billion. It is the clearest indication yet that Trump and the Digital World dealmakers are seeking to capitalize on the market euphoria around their venture.


The post Reuters reveals Trump’s social media venture seeks to raise $1 billion; market reacts appeared first on Reuters News Agency.

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[Reuters] Reuters reveals Visa expects to resolve fee row with Amazon; market reacts UGN Security 11/22/21 03:29 PM

Reuters exclusively reported on Friday that credit card giant Visa expects to resolve its fee dispute with Amazon.com Inc in Britain and hopes to continue its co-branded credit card partnership with the e-commerce giant in the United States. In an interview with Reuters, Visa’s chief financial officer Vasant Prabhu said Amazon accounted for a relatively small slice of its revenues and that the company had resolved such disputes in the past.


The post Reuters reveals Visa expects to resolve fee row with Amazon; market reacts appeared first on Reuters News Agency.

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[Reuters] Reuters exclusively reports Altice founder Drahi seeks bigger stake in Britain’s BT UGN Security 11/15/21 04:05 PM

Reuters exclusively reported that telecoms tycoon Patrick Drahi is looking to increase his stake in BT Group as he seeks to extend his influence at the British company, betting its fiber optic rollout will boost value. Since the billionaire Altice founder bought a 12.1% stake in BT worth about 2.2 billion pounds ($2.95 billion) on June 10, the British telecom giant’s shares have fallen 15% and are down about 46% over the past five years. Drahi has backed BT’s plans to build a fiber optic network serving 25 million homes by the end of 2026.


The post Reuters exclusively reports Altice founder Drahi seeks bigger stake in Britain’s BT appeared first on Reuters News Agency.

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[Reuters] Reuters first to report KKR-backed OneStream Software hires Morgan Stanley to lead U.S. IPO UGN Security 11/09/21 04:23 PM

Reuters was first to report that OneStream Software, which is backed by private equity firm KKR & Co, has hired advisers to help it prepare for an initial public offering (IPO) in New York that could value the software maker at over $10 billion. Rochester, Michigan-based OneStream, which builds software tools and solutions designed for chief financial officers of companies, has tapped investment bank Morgan Stanley to lead preparations for a stock market launch that is expected to happen early next year. 


The post Reuters first to report KKR-backed OneStream Software hires Morgan Stanley to lead U.S. IPO appeared first on Reuters News Agency.

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[Reuters] Reuters exclusively reports Amazon seeking to settle EU antitrust investigations; market reacts UGN Security 11/09/21 02:26 PM

On Tuesday, Reuters exclusively reported that Amazon is seeking to settle two EU antitrust investigations to stave off potential hefty fines and orders to change its business practices, people familiar with the matter said. Last November, The European Commission charged the world’s biggest online retailer with using its size, power and data to push its own products and gain an unfair advantage over rival merchants that sell on its online platform. It also opened an investigation into Amazon’s possible preferential treatment of its own retail offers and those of marketplace sellers that use its logistics and delivery services.


The post Reuters exclusively reports Amazon seeking to settle EU antitrust investigations; market reacts appeared first on Reuters News Agency.

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