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Today โ€” February 20th 2019Your RSS feeds

Garmin shares surge 15 percent as new direction fuels strong forecast

Garmin Ltd on Wednesday forecast full-year revenue and profit above expectations along with strong fourth-quarter results, sending its shares up 15 percent to their highest in more than a decade.

EU must assess Huawei risk despite lack of evidence: EU digital chief

The European Union must assess the risk of using Huawei's telecoms equipment despite the absence of evidence of spying by the Chinese company, EU digital chief Andrus Ansip said on Wednesday.

India will not be cowed in internet consultations: tech minister

India will hold wide consultations with internet companies before finalizing rules to regulate content on social media but will not hold back from framing laws that safeguard national interest, the country’s technology minister said.

U.S. ambassador to Italy held meeting with TIM's boss: embassy

The United States' ambassador to Italy, Lewis Eisenberg, met Telecom Italia (TIM)'s CEO Luigi Gubitosi on Wednesday, the U.S. embassy said.

U.S. Senator says U.S. allies need to maintain 'common front' on China's Huawei

U.S. Senator Mark Warner said on Wednesday he wanted to "more fully understand" Britain's reasoning for saying it had not seen any malicious activity by China's Huawei whose equipment U.S. authorities have said could be used by China for spying.

Britain managing Huawei risks, has no evidence of spying - official

Britain is able to manage the security risks of using Huawei telecoms equipment and has not seen any evidence of malicious activity by the company, a senior official said on Wednesday, pushing back against U.S. allegations of Chinese state spying.

U.S. ambassador to Italy met TIM's Gubitosi: U.S. embassy

The United States' ambassador to Italy, Lewis Eisenberg, met Telecom Italia (TIM)'s CEO Luigi Gubitosi on Wednesday, the U.S. embassy said.

Britain managing Huawei risks, has no evidence of spying: official

Britain is able to manage the security risks of using Huawei equipment in national telecoms networks and has not seen any evidence of malicious activity by the company, the head of Britain's National Cyber Security Centre said on Wednesday.

Steve Cohen's venture firm invests in U.S. cybersecurity company

Billionaire investor Steve Cohen's Point72 Ventures has invested in a U.S. cybersecurity firm that will provide a way to detect, alert, and protect against data- and identity-related attacks, according to one of the venture capital company's top officials.

EU countries back copyright reforms aimed at Google, Facebook

European Union countries on Wednesday endorsed an overhaul of the bloc's copyright rules which would force Google and Facebook Inc to pay publishers for news snippets and filter out copyright-protected content on YouTube or Instagram.

EU governments endorse copyright reform - statement

Representatives of European Union governments endorsed on Wednesday a deal reached with the EU Parliament on the overhaul of the bloc's copyright rules, the Romanian presidency of the EU said in a statement on Twitter.

Factbox: Tesla executive departures since 2016

Tesla Inc on Wednesday announced the departure of its general counsel Dane Butswinkas, just two months into the job, the latest in a string of senior level exits from the electric carmaker.

Tesla's top lawyer leaves two months into the job

Tesla Inc said on Wednesday its general counsel Dane Butswinkas is leaving the electric carmaker just two months into the job, the latest in a string of top-level departures at the company.

Britain yet to decide on 5G security policy: official

Britain has not yet made any decision on its security policy for national 5G networks, the head of Britain's National Cyber Security Centre said on Wednesday, amid a furor over the alleged risks of using Huawei telecoms equipment.

Garmin forecasts full-year revenue, profit above estimates, shares rise

Garmin Ltd on Wednesday forecast full-year revenue and profit above expectations after reporting strong fourth-quarter results on the back of higher demand for its smartwatches and navigation systems.

Garmin forecasts higher full-year revenue, shares rise

Garmin Ltd reported quarterly results that beat Wall Street estimates on Wednesday on the back of higher demand for its smartwatches and navigation systems and forecast full-year revenue above expectations.

Goldman Sachs backs U.S. construction finance tech startup Rabbet

Goldman Sachs Group Inc has backed Rabbet, a U.S. startup that develops software to help make construction finance more efficient, the companies said on Wednesday.

U.S. ambassador to Italy visits Telecom Italia headquarters

The U.S. ambassador to Italy, Lewis Eisenberg, visited the Rome headquarters of Italian phone group Telecom Italia on Wednesday, a Reuters witness said.

Vodafone connects 5G smartphones to its network for first time

Mobile phone group Vodafone has conducted a successful trial connecting next-generation 5G smartphones to its network for the first time as it prepares to launch 5G in some European cities later this year, it said on Wednesday.

Israel's Wix.com fourth-quarter profit up, sees 25 revenue growth in 2019

Wix.com, which helps small businesses build and operate websites, posted higher-than-expected fourth-quarter profit and forecast a 25 percent rise in revenue in 2019.

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