Reuters - Technology Report

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Monday, March 25, 2019

China tech firms, seeking passion and energy, promote younger staff

Chinese tech giants are in the hunt for young, energetic staff to take the place, in some cases, of veteran managers.

Apple invites Hollywood to Silicon Valley in TV push

Apple Inc is expected to finally lift the curtain on Monday on a secretive, years-long effort to build a television and movie offering designed to compete with big media companies and boost digital services revenue as iPhone sales taper.

South Africa's Naspers plots Euronext flotation of e-commerce ventures

Naspers will float its e-commerce ventures on the Euronext stock exchange in Amsterdam, it said on Monday, the latest move by South Africa's biggest company to address a hefty discount in its shares.

Uber could announce $3 billion deal with Careem early this week: sources

Uber Technologies Inc is set to offer over $3 billion to buy Dubai-based rival Careem Networks FZ, two sources familiar with the deal told Reuters.

Abu Dhabi aims to lure start-ups with investment in new technology hub

Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy.

China refuses to concede on U.S. demands to ease curbs on tech firms: FT

Ahead of fresh high-level trade talks this week, China is not conceding to U.S. demands to ease curbs on technology companies, the Financial Times reported on Sunday, citing three people briefed on the discussions.

Indian state open for talks with Uber rival Ola over ban

The southern Indian state of Karnataka kept the door open on Saturday to talks with local ride-hailing service Ola to avoid a ban that could help rival Uber build market share.

Apple's Cook to China: keep opening for sake of global economy

Apple chief executive Tim Cook nudged China on Saturday to open up and said the future would depend on global collaboration, as the United States and China remained locked in a bitter trade dispute.

Exclusive: Mexico central bank says Uber, other firms interested in mobile pay system

Various companies in Mexico, including Uber Technologies Inc., have shown interest in using a new mobile payments system developed by the country's central bank that seeks to promote financial inclusion, the head of the bank said on Friday.

Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdown

Mike Lynch, once hailed as Britain's answer to Bill Gates, faces Hewlett-Packard (HP) in London's High Court on Monday in a multi-billion dollar showdown over the U.S. technology company's 2011 purchase of the Autonomy software business he founded.