Technology 

China tech firms, seeking passion and energy, promote younger staff

HONG KONG/BEIJING (Reuters) – Chinese tech giants are in the hunt for young, energetic staff to take the place, in some cases, of veteran managers. FILE PHOTO: A man walks past a poster showing the QR codes for job-seeking information during an internet expo at the fifth World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 7, 2018. REUTERS/Jason Lee/File Photo The companies deny that the moves, which are worrying some older employees, reflect any discrimination based on age. Explicit age discrimination is illegal in many countries, though not…

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Technology 

China refuses to concede on U.S. demands to ease curbs on tech firms: FT

FILE PHOTO: Chinese staffers adjust U.S. and Chinese flags before the opening session of trade negotiations between U.S. and Chinese trade representatives at the Diaoyutai State Guesthouse in Beijing, Thursday, Feb. 14, 2019. Mark Schiefelbein/Pool via REUTERS (Reuters) – Ahead of fresh high-level trade talks this week, China is not conceding to U.S. demands to ease curbs on technology companies, the Financial Times reported on Sunday, citing three people briefed on the discussions. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to travel to Beijing for…

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Technology 

Exclusive: Mexico central bank says Uber, other firms interested in mobile pay system

ACAPULCO, Mexico (Reuters) – Various companies in Mexico, including Uber Technologies Inc., have shown interest in using a new mobile payments system developed by the country’s central bank that seeks to promote financial inclusion, the head of the bank said on Friday. FILE PHOTO: Mexico’s Central Bank Governor Alejandro Diaz de Leon gestures during a conference at the Autonomous Technological Institute of Mexico (ITAM) in Mexico City, Mexico January 11, 2018. REUTERS/Daniel Becerril Banco de Mexico Governor Alejandro Diaz de Leon said in an interview with Reuters that the bank…

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Technology 

Chinese smartphone firms jazz up products, seize turf in home market from Apple

SHANGHAI (Reuters) – Smartphone retailers in China say it’s a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds. FILE PHOTO: Xiaomi founder and CEO Lei Jun attends a launch ceremony of the new flagship phone Xiaomi Mi 9 in Beijing, China February 20, 2019. REUTERS/Jason Lee/File Photo Even so domestic brands led by Huawei have made big strides, wooing consumers with top-notch hardware and innovative features as they move upmarket in the $500-$800 price range. The result: a loss of share in a…

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Technology 

Lords urge tougher rules for tech firms

Image copyright PA Image caption A Lords committee wants tech companies to have one overarching regulator setting rules for user privacy, data and anti-social content Tech firms, such as Google and Facebook, must improve their “inadequate” responses to privacy and data breaches and anti-social content, a House of Lords report says. The House of Lords Communications Committee wants a digital authority to help laws keep pace with technology. Content moderation used by tech firms was “unacceptably slow,” it said. The Internet Association, whose members include Twitter and Amazon, said firms…

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Top stories 

Social media firms ‘must tackle grooming’

Image copyright Getty Images More than 5,000 online grooming offences were recorded by police in England and Wales in the 18 months to September 2018, a charity has found. The NSPCC said police figures suggested Instagram, Facebook and Snapchat had been used in 70% of cases of sexual communication with a child since it became an offence in April 2017. It wants new laws to force social media firms to do more to protect children. Facebook and Instagram said they “aggressively fight” such content. The NSPCC said 39 of the…

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Top stories 

Gender pay gap grows at hundreds of big firms

Image copyright Getty Images Four in 10 private companies that have published their latest gender pay gap are reporting wider gaps than they did last year, according to BBC analysis. The BBC looked at a company’s median pay gap – that is the difference in pay between the middle-ranking woman and the middle-ranking man. This is different to unequal pay – paying women less than men for the same work – which is illegal. Big firms with a wider pay gap include Kwik Fit, Npower and Virgin Atlantic. Only about…

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Top stories 

Late-paying big firms ‘should get public contract bans’

Image copyright Getty Images Image caption The FSB says 36% of small businesses in Scotland have suffered cashflow issues because of late payments Big companies who pay their suppliers “unacceptably late” should be banned from getting public contracts, small business leaders have claimed. The Federation of Small Businesses wants firms to prove in advance that they are “responsible” payers. It has called on the Scottish government to withhold devolved contracts in a bid to tackle the country’s “lamentable payment culture”. The FSB claims late payments have led to cashflow issues…

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Technology 

Private equity firms win over Scout24 with improved $6.4 billion bid

FRANKFURT (Reuters) – Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity. The investors said in a statement on Friday that Scout24’s management and supervisory board supported the sweetened bid of 46 euros a share. Last month, the German company rejected an offer of 43.50 euros per share. Scout24 shared jumped 11.8 percent in Frankfurt to 46.38 euros, above the…

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Technology 

Germany looks into tax move on foreign internet firms: report

FILE PHOTO – The Google name is displayed outside the company’s office in London, Britain November 1, 2018. REUTERS/Toby Melville/File Photo GLOBAL BUSINESS WEEK AHEAD FRANKFURT (Reuters) – Germany’s finance ministry is looking into the possibility of a 15 percent special tax on online advertising revenue collected by foreign internet companies such as Google or Facebook from German operators, Wirtschaftswoche magazine reported on Friday. The ministry was in the early stage of studying such a move, the weekly publication added. This move could entail treating payments for online advertisements in…

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