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Reuters: Technology News is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial in


Bitcoin soars above $2,400 to all-time high

Wed, 24 May 2017 10:55:13 -0400

(Reuters) - Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology.(image)

Exclusive: Wannacry hits Russian postal service, exposes wider security shortcomings

Wed, 24 May 2017 11:35:17 -0400

MOSCOW (Reuters) - Russia's postal service was hit by Wannacry ransomware last week and some of its computers are still down, three employees in Moscow said, the latest sign of weaknesses that have made the country a major victim of the global extortion campaign.(image)

Microsoft to buy cyber security firm Hexadite for $100 million: report

Wed, 24 May 2017 05:35:58 -0400

JERUSALEM (Reuters) - Microsoft has agreed to acquire cyber security firm Hexadite for $100 million, Israeli financial news website Calcalist reported on Wednesday.(image)

Battle hardened eastern European tech entrepreneurs draw global interest

Wed, 24 May 2017 02:02:51 -0400

PRAGUE (Reuters) - Tech entrepreneurs in central and southeastern European, many of whom already have experience of launching their own businesses, are now having more success at enticing global investors the second time around.(image)

'Clash of Clans' maker Supercell buys majority stake in UK's Space Ape

Wed, 24 May 2017 03:08:06 -0400

HELSINKI (Reuters) - Finnish mobile game maker Supercell has acquired a majority stake in London-based game studio Space Ape, the British company said on its website.(image)

Japan's SoftBank to appoint heads of overseas units as board members

Wed, 24 May 2017 05:39:55 -0400

TOKYO (Reuters) - SoftBank Group Corp said on Wednesday it plans to appoint heads of key overseas subsidiaries to the group's board of directors, as the Japanese firm's business focus moves away from its domestic market.(image)

Germany says makes progress with China on electric car quotas

Wed, 24 May 2017 07:58:43 -0400

BEIJING (Reuters) - Germany has made good progress with China on how to introduce quotas aimed at producing more electric vehicles, Foreign Minister Sigmar Gabriel said on Wednesday, adding that more details needed to be worked out.(image)

Uber inadvertently underpaid New York City drivers for over two years

Wed, 24 May 2017 04:14:35 -0400

(Reuters) - Uber Technologies Inc [UBER.UL] said on Tuesday it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars.(image)

Pace of Gulf tech deals heats up as Emaar buys Namshi stake

Wed, 24 May 2017 06:56:11 -0400

DUBAI/BERLIN (Reuters) - Emaar Malls will buy a 51 percent stake in e-commerce fashion website Namshi from Global Fashion Group, a firm backed by Rocket Internet, for $151 million, a sign of growing demand for tech deals in the Middle East.(image)

Transaction app Alipay launches first non-yuan version in Hong Kong

Wed, 24 May 2017 06:35:53 -0400

HONG KONG (Reuters) - Chinese online and mobile payment platform Alipay on Wednesday launched in Hong Kong its first app to handle transactions not denominated in the yuan currency, moving closer to its ambition of widening currency payment options.(image)