Reuters - Technology Report

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Tuesday, September 5, 2017

"Angry Birds" maker Rovio plans IPO to boost growth

HELSINKI (Reuters) - The maker of hit mobile phone game "Angry Birds" is planning an initial public offering to raise around 30 million euros ($36 million) and potentially use its shares to make acquisitions.

Taxify takes on Uber in crowded London taxi-hailing market

FRANKFURT (Reuters) - Estonian start-up Taxify is to go head to head with Uber [UBER.UL] in London's highly competitive taxi-hailing market, and also has Paris in its sights.

Amazon fears sink Blackstone's $2.8 billion Australian mall sale

SYDNEY (Reuters) - Private equity giant Blackstone Group has called off the sale of its A$3.5 billion ($2.8 billion) Australian shopping mall portfolio, a source said, as the looming arrival of Amazon.com spooks buyers of bricks-and-mortar stores.

European court rules companies must tell employees of email checks

STRASBOURG (Reuters) - Companies must tell employees in advance if their work email accounts are being monitored, the European Court of Human Rights ruled on Tuesday in a landmark privacy case.

Flying taxi startup Lilium raises $90 million from Tencent, others

FRANKFURT (Reuters) - Lilium, a German start-up with Silicon Valley-scale ambitions to develop a 5-passenger "flying taxi", has raised a second, $90 million round of financing from top tech investors, making it one of the best-funded electric aircraft projects to date.

Britain's Aveva in 3 biilion pound software tie-up with Schneider

LONDON (Reuters) - Britain's Aveva Group said on Tuesday it had agreed to combine with Schneider Electric's software business to create a London-listed leader in industrial software worth more than 3 billion pounds ($3.88 billion).

Landmark Intel judgment critical for other EU antitrust cases

BRUSSELS (Reuters) - Europe's top court will rule on Wednesday whether U.S. chipmaker Intel offered illegal rebates to squeeze out rivals in a judgment that could affect EU antitrust regulators' cases against Qualcomm and Alphabet's Google.

South Korean court rejects Qualcomm's request to suspend antitrust body's order

SEOUL (Reuters) - A South Korean court on Monday rejected Qualcomm Inc's request to suspend an order by the country's antitrust agency to take corrective action on the way it licenses patents.

Electric cars and renewables not enough to meet Paris climate goal: consultant

ARNHEM, The Netherlands (Reuters) - The cost of electric vehicles (EVs) will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy.

China's virtual coin fundraising ban just the start of tighter regulations: Yicai

BEIJING (Reuters) - China is poised to further tighten rules on virtual currencies after regulators on Monday banned virtual coin fundraising schemes, Chinese financial news outlet Yicai reported citing sources.