Huawei to stop making flagship chipsets as U.S. pressure bites, Chinese media say - Reuters

SHANGHAI/SHENZHEN, China (Reuters) - Huawei Technologies Co [HWT.UL] will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows.

FILE PHOTO: A Huawei company logo is seen at the Shenzhen International Airport in Shenzhen in Shenzhen, Guangdong province, China June 17, 2019. To match Special Report HEALTH-CORONAVIRUS/BGI REUTERS/Aly Song/File Photo

U.


TikTok prepares advertisers for possible app ban - Reuters

(Reuters) - TikTok is preparing advertisers for a possible ban of its app in the United States, ad buyers said, offering refunds for ad campaigns that are unable to run.

FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

The short-form video app’s advertising business is still nascent. TikTok’s anticipated $1 billion in 2020 revenue is a small fraction of its


WeChat U.S. ban cuts off users link to families in China - Reuters

(Reuters) - U.S. President Donald Trump’s ban on transactions using popular Chinese messaging app WeChat will cut ties to families and friends in China, millions of users in the United States fear, as they become the latest casualties in the standoff between the two nations.

The messenger app WeChat is seen next to its logo in this illustration picture taken August 7, 2020. REUTERS/Florence Lo/Illustration

WeChat, owned by Chinese internet giant Tencent Holdings Ltd ( 0700.


Nokia's new CEO adopts wait and see strategy in 'dream job' - Reuters

FILE PHOTO: Pekka Lundmark, president and CEO of Finnish utility company Fortum, October 8, 2019. REUTERS/Thilo Schmuelgen/File Photo

STOCKHOLM/HELSINKI (Reuters) - Nokia’s new chief executive Pekka Lundmark said he will take time to re-acquaint himself with the Finnish telecom equipment maker before setting a strategy, as the company jostles for position in the highly political 5G race.

U.S. government pressure to limit the use of China’s Huawei [HWT.UL]


Mahindra seeks investors for electric vehicle business - Reuters

FILE PHOTO: The logo of Mahindra & Mahindra Ltd is pictured on the pocket of a salesman's shirt as he poses inside the company's showroom in Mumbai August 13, 2013. REUTERS/Danish Siddiqui

NEW DELHI (Reuters) - Indian automaker Mahindra & Mahindra is looking for investment partners for its domestic electric vehicles business and is finalising investment plans for its Automobili Pininfarina unit, the group’s managing director said on Friday.

The automaker wants to be a key player in mass-market


Alzheimer's drug from Biogen to get speedy U.S. review - Reuters

(Reuters) - The U.S. Food and Drug Administration will conduct an expedited review of an experimental Alzheimer’s drug from Biogen Inc and Japan’s Eisai Co Ltd, the companies said on Friday, the first application in 17 years to be reviewed by the agency for a treatment of the mind-robbing disease.

FILE PHOTO: A sign marks a Biogen facility., March 9, 2020. REUTERS/Brian Snyder/File Photo

Biogen’s shares were up 9% at


Tired of Zoom calls? Company offers at-home hologram machines - Reuters

LOS ANGELES (Reuters) - Looking for a new way to communicate during the pandemic? A Los Angeles company has created phone booth-sized machines to beam live holograms into your living room.

Portl inventor David Nussbaum is shown with an A.I.-powered life-size hologram of himself in Gardena, near Los Angeles, California, U.S., August 3, 2020. REUTERS/Lucy Nicholson

The device made by PORTL Inc lets users talk in real time with a life-sized


Death toll from Beirut port blast rises to 154, says Lebanon state news agency - Reuters

FILE PHOTO: People view the damaged site of Tuesday's blast in Beirut's port area, Lebanon, August 7, 2020. REUTERS/Hannah McKay

BEIRUT (Reuters) - The death toll from the Beirut port explosion has risen to 154, state news agency NNA cited Lebanon’s health minister as saying on Friday.

Minister Hamad Hasan said one in five of the some 5,000 people injured in Tuesday’s blast had required hospitalisation, and 120 were


Facebook’s dilemma: How to police claims about unproven COVID-19 vaccines - Reuters

LONDON/NEW YORK (Reuters) - Since the World Health Organization declared the novel coronavirus an international health emergency in January, Facebook Inc ( FB.O ) has removed more than 7 million pieces of content with false claims about the virus that could pose an immediate health risk to people who believe them.

FILE PHOTO: A 3D printed Facebook logo is seen in front of displayed coronavirus disease (COVID-19) words in this illustration taken March 24, 2020. REUTERS/Dado Ruvic

Trump issues bans on China's TikTok, WeChat, stoking tension with Beijing - Reuters

WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday unveiled sweeping bans on U.S. transactions with China’s ByteDance, owner of video-sharing app TikTok, and Tencent ( 0700.HK ), operator of messenger app WeChat, in a major escalation of tensions with Beijing.

The messenger app WeChat and short-video app TikTok are seen near China and U.S. flags in this illustration picture taken August 7, 2020. REUTERS/Florence Lo
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