Reuters Technology News

China’s HNA says U.S lawsuit over failed deal ‘baseless’

HONG KONG (Reuters) – China’s HNA Group [HNAIRC.UL] said on Wednesday a U.S. lawsuit against the company and its Beijing-based unit Pactera Technology International Ltd over a failed acquisition was “baseless and without merit”. U.S. software engineering firm Ness Technologies has sued HNA, accusing it of failing to adequately answer questions about its ownership in […]

Reuters Technology News

Toyota and Panasonic eye joint development of new EV batteries

TOKYO (Reuters) – Japan’s Panasonic Corp and Toyota Motor Corp said on Wednesday they will consider jointly developing batteries for electric vehicles. Toyota Motor Corp President Akio Toyoda (L) and Panasonic Corp President Kazuhiro Tsuga attend a joint news conference in Tokyo, Japan, December 13, 2017. REUTERS/Toru Hanai The move could help Panasonic extend its […]

Reuters Technology News

South Korea considers cryptocurrency tax as regulators grapple with ‘speculative mania’

SEOUL (Reuters) – South Korea said on Wednesday it may tax capital gains from cryptocurrecy trading as global regulators worried about a bubble, with Australia’s central bank chief warning of a ‘speculative mania” that has seen the digital asset making rip-roaring gains. FILE PHOTO: A copy of bitcoin standing on PC motherboard is seen in […]