WASHINGTON (Reuters) - China and "probably one or two" other countries have the ability to invade and possibly shut down computer systems of U.S. power utilities, aviation networks and financial companies, Admiral Mike Rogers, the director of the U.S. National Security Agency, said on Thursday.
Testifying to the House of Representatives Intelligence Committee on cyber threats, Rogers said digital attackers have been able to penetrate such systems and perform "reconnaissance" missions to determine how the networks are put together.
SAN FRANCISCO (Reuters) - Qualcomm Inc warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe.
China's expanding high-speed 4G network is driving demand for smartphones with leading-edge technology, but Qualcomm's opportunities have been clouded by an 11-month-old antitrust investigation there.
BEIJING (Reuters) - China's Xiaomi Technology Co Ltd [XTC.UL] said on Tuesday it would spend $1 billion to expand its internet TV content as the world's third largest smartphone maker ramps up its push into the living room, and a market estimated to be worth $3 billion.
Xiaomi's burgeoning TV unit includes its Xiaomi TV as well as a set-top box, which both use its software and content. The company is best known for its budget smartphones and tablets that have won it legions of fans worldwide.
BRUSSELS (Reuters) - The European Union has ended a long-running telecoms row with China, the EU's trade chief said on Monday, dropping a threat to levy punitive tariffs on Chinese telecoms exports and easing tensions between two of the world's top trading powers.
As Reuters reported exclusively on Oct. 8, the deal struck between Brussels and Beijing sets out a framework for China to address EU concerns about subsidies to Huawei [HWT.UL], China's No. 2 telecoms equipment maker, and its smaller rival ZTE.
BEIJING (Reuters) - Quarterly revenue at China Mobile Ltd fell year-over-year for the first time since at least 2009 as China's largest telecom provider continued to stumble in the face of rising competition from popular Internet-based messaging apps.
BERLIN (Reuters) - China and the European Union aim to end a long-running telecoms row this week, the EU's trade chief said on Friday, potentially easing tensions between two of the world's top trading powers.
Reuters reported exclusively last week that Europe was close to a deal with Beijing on defusing the issue of what Brussels says are illegal subsidies to Chinese makers of equipment for mobile telecom networks.
BEIJING (Reuters) - Cisco Systems Inc will establish an $80 million joint venture with Chinese hardware manufacturer TCL Corp to invest in commercial cloud computing services, TCL said in a stock exchange filing on Thursday.
Cisco will invest $16 million in the new firm, which has not been named and is still being registered, and hold a 20 percent stake, the filing said. TCL will pay $64 million for an 80 percent share. These investments will be made over three stages, each of which will require the approval of both parties. No timeframe for the investments was given.
FRANKFURT (Reuters) - Deutsche Telekom and China Mobile will sign a deal on Friday to create a platform for so-called connected cars in China, a Deutsche Telekom spokesman said on Thursday.
The two companies will form a joint venture in which the German telecoms group will bring its technology for machine-to-machine (M2M) communications, while China Mobile will provide the network.
TIANJIN CHINA (Reuters) - The sheer size of the Chinese market is so alluring to Western companies that even pro-internet freedom firms like CloudFlare may have to put moral outrage to the side in their pursuit of new business.
San Francisco-based CloudFlare has a policy of providing cyber-defense services for all, based on a belief that the internet should be free, decentralized and open.
BEIJING (Reuters) - Consumers in China, who represent an increasingly critical pillar of Apple Inc's business, will not be able to buy the new iPhone 6 as part of the first wave of buyers around the world this month.
Although the two new smartphone models will go on sale Sept 19 in the United States and other markets, Apple is yet to set a release date for China, the world's biggest smartphone market.