Today's Top Gadgets & Tech Story

EU Parliament committee votes for tougher EU copyright rules to rein in tech giants

BRUSSELS (Reuters) - Google , Facebook , Microsoft and other tech giants could face more curbs on their market power after a European Parliament committee voted in favor of tougher copyright rules on Wednesday. Read More

 

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Tesla's Musk says Germany a front runner for Europe Gigafactory

STOCKHOLM (Reuters) - U.S. electric carmaker Tesla favors Germany as the location for its first European Gigafactory, its chief executive said, in what would be the latest move by an outside firm into the European battery market. More »

 

ZTE's Hong Kong shares rise after clarification of U.S. bill impact

HONG KONG (Reuters) - Shares of China's ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer. More »

 

China's Xiaomi targets as much as $6.1 billion in Hong Kong IPO: sources

HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years. More »

 

Cryptocurrency firm Tether releases law firm report attesting to U.S. dollar reserves

NEW YORK (Reuters) - A Washington-based law firm co-founded by former FBI director Louis J. Freeh has attested that as of June 1 cryptocurrency firm Tether had enough U.S. dollar reserves to back its virtual coins in circulation, according to a report released by Tether on Wednesday. More »

 

Amazon, Berkshire, JPMorgan name Atul Gawande CEO of healthcare venture

(Reuters) - Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase & Co on Wednesday named Atul Gawande as the chief executive officer of their health venture. More »

 

SoftBank's Son to prioritize unicorn hunting as firm shifts focus

TOKYO (Reuters) - SoftBank Group Corp Chief Executive Masayoshi Son said on Wednesday he plans to devote the bulk of his time to hunt for technology investments around the world, as part of a major shift in focus at the Japanese tech and telecoms conglomerate. More »

 

Toyota captures data goldmine in $1 billion Grab bet

TOKYO/SINGAPORE (Reuters) - By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend stuck in traffic. More »

 

Bosch to invest 17 billion rupees in India over next three years

(Reuters) - German auto parts maker Bosch Group plans to invest 17 billion rupees ($250 million) in India over the next three years to meet growing demand in the domestic automotive market, Chief Executive Officer Volkmar Denner said on Wednesday. More »

 

Telecom Italia keen to discuss fiber-to-the-home tie-up with Open Fiber: CEO

MILAN (Reuters) - Telecom Italia (TIM) is willing to discuss a combination of the Italian phone group's fiber-to-the-home broadband operations with that of smaller rival Open Fiber, Chief Executive Amos Genish said on Wednesday. More »

 

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