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|Samsung says batteries caused Note 7 fires, delays new phone - |
Mon, 23 Jan 2017 05:05:02 -0500
|Xiaomi executive Barra, who drove smartphone maker's global push, steps down - |
Hugo Barra, the most prominent global executive at China's Xiaomi Inc [XTC.UL] and the face of the smartphone maker's global expansion, has left the company citing health concerns and a new role. In a social media post on Monday, Barra, Xiaomi's vice president in charge of global operations, said he was leaving the company after three-and-a-half years for a new project based in Silicon Valley.
Mon, 23 Jan 2017 04:51:12 -0500
|China approves first list of green car models for subsidies this year - China released on Monday this year's first list of "recommended" green energy vehicles, paving the way for 185 car models to receive government subsidies. Beijing has spent billions of dollars promoting electric and plug-in hybrid cars to help the domestic auto industry develop the technology to leapfrog global competitors, while also reducing frequent bouts of heavy urban air pollution. As a result, all models previously approved for government subsidies are required to reapply this year. Mon, 23 Jan 2017 04:46:00 -0500|
|As attacks grow, EU mulls banking stress tests for cyber risks - |
By Francesco Guarascio BRUSSELS (Reuters) - The European Union is considering testing banks' defenses against cyber attacks, EU officials and sources said, as concerns grow about the industry's vulnerability to hacking. Cyber attacks against banks have been growing in numbers and sophistication in recent years, with criminals finding new ways to target banks beyond trying to illicitly obtain details of their customers' online accounts. Global regulators have tightened security requirements for banks after that giant cyber fraud, one of the biggest in history, and in some countries have carried out checks on lenders' security systems.
Mon, 23 Jan 2017 04:36:41 -0500
|Samsung blames Galaxy Note 7 fires on faulty batteries - |
The world's biggest smartphone maker Samsung blamed faulty batteries on Monday for the fires that hit its flagship Galaxy Note 7 device last year, as it sought to draw a line under the humiliating recall. Samsung Electronics was forced to discontinue the smartphone, originally intended to compete with Apple's iPhone, after a chaotic recall that saw replacement devices also catching fire. Internal and independent investigations "concluded that batteries were found to be the cause of the Note 7 incidents", Samsung said in a statement.
Mon, 23 Jan 2017 04:34:38 -0500