Reuters - Technology Report

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Monday, December 5, 2016

Bangladesh to share findings of heist inquiry with Philippines

DHAKA (Reuters) - Bangladesh will share findings from its investigation into how unidentified hackers pulled off one of the world’s biggest cyber bank heists to help speed up recovery of the stolen funds, its law minister said on Monday.

BMW seeks to be 'coolest' ride-hailing firm with autonomous car

MUNICH (Reuters) - BMW will test autonomous vehicles in Munich next year as it seeks to keep up with ride-hailing firms like Uber [UBER.UL], which have spent billions on pay-per-use personal transport.

Panasonic in talks to buy ZKW to accelerate push into auto electronics: source

TOKYO (Reuters) - Japan's Panasonic Corp is in talks to buy European automotive light maker ZKW Group, accelerating its push into the automotive electronics market, a person familiar with the matter said.

Sharp CEO Tai says to step down once stock returns to TSE first section

TOKYO (Reuters) - Sharp Corp CEO and President Tai Jeng-wu told reporters on Monday he would step down once the Japanese electronics maker turns profitable again at the net level and its shares return to the first section of the Tokyo Stock Exchange.

EU urges U.S. tech giants to act faster against hate speech

BRUSSELS (Reuters) - U.S. tech giants including Facebook, Twitter, Google's YouTube and Microsoft will have to act faster to tackle online hate speech or face laws forcing them to do so, the European Commission said on Sunday.

Apple shows ambition to get into self-driving car race

WASHINGTON (Reuters) - Apple Inc is wading in to the debate over regulation of self-driving cars, declaring it is excited about the potential for automated transportation and calling on U.S. regulators not to restrict testing of such vehicles.

Social media ads to hit $50 billion by 2019 -Zenith

LONDON (Reuters) - The amount of money spent on advertising on social media is set to catch up with newspaper ad revenues by 2020, a leading forecaster said on Monday.

Philippines urges Bangladesh to share results of heist investigation

MANILA (Reuters) - The Philippine government wants Bangladesh to share the findings of its investigation into how unknown hackers pulled off one of the world's largest cyber bank heists, to help speed up recovery of the stolen funds.

Pentagon says Raytheon making progress on satellite control station

SIMI VALLEY, Calif. (Reuters) - Raytheon Co is making progress on a long-delayed program for new ground control stations for next-generation GPS satellites, although it is lagging a remedial schedule agreed with military officials, the Pentagon's chief arms buyer said.

Airbnb, New York City settle rental law lawsuit

NEW YORK (Reuters) - Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals.