Technology 

Chip designer Ceva sees higher 2019 sales as profit dips

JERUSALEM (Reuters) – Israeli chip designer Ceva Inc on Wednesday reported a drop in fourth-quarter profit that missed estimates but the company forecast a slight increase in sales for this year. Ceva reported earnings of 23 cents per diluted share in the fourth quarter excluding one-time items, compared with 25 cents a year earlier. Revenue fell 1 percent to $21.4 million. The company, which licenses signal processing platforms and artificial intelligence processors, was forecast to earn 26 cents a share on revenue of $22.1 million, according to I/B/E/S data from…

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Technology 

Huawei sees no sales slowdown in Poland: official

FILE PHOTO: Logo of Huawei is seen in front of the local offices of Huawei in Warsaw, Poland January 11, 2019. REUTERS/Kacper Pempel/File Photo WARSAW (Reuters) – Chinese telecoms firm Huawei has not seen a slowdown in sales of end-user equipment so far in Poland, the company’s senior standards manager in Europe said on Wednesday. “We don’t see slowdown in sales on Huawei equipment here.. but if the situation continues, at some point it will impact our business as well,” Georg Mayer said at a press conference in Warsaw. Poland’s…

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Technology 

Lithuania sees flood of fintech firms apply for licences ahead of Brexit

VILNIUS (Reuters) – About 100 financial companies and start-ups from Britain and elsewhere are applying for a licence in burgeoning fintech hub Lithuania to ensure they have access to the European Union after Brexit, the country’s central bank told Reuters. FILE PHOTO: The EU flag is adjusted before a meeting between British Prime Minister Theresa May and European Parliament President Antonio Tajani at the EU parliament headquarters in Brussels, Belgium February 7, 2019. REUTERS/Yves Herman Britain is due to leave the European Union on March 29, but has not yet…

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Top stories 

Trump sees total rout of Islamic State group as imminent

Image copyright Getty Images Image caption Donald Trump: “Their land is gone” US President Donald Trump has said territory held by the Islamic State group in Syria and Iraq could be “100%” liberated as early as next week. “It should be announced, probably some time next week, that we will have 100% of the caliphate,” he told a gathering of coalition partners. However, he also cautioned that he wanted to “wait for the official word”. Secretary of State Mike Pompeo pledged the US would continue to fight IS, despite withdrawing…

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Technology 

Tesla sees profit in every 2019 quarter, but lack of subsidy bites

(Reuters) – Tesla Inc ended 2018 with a small quarterly profit and predicted on Wednesday it would make money every quarter this year, but acknowledged that the erosion of a U.S. tax credit in 2019 would cut into sales. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. REUTERS/Mike Blake/File Photo Shares of the electric car maker led by Elon Musk fell 2.1 percent after hours as fourth-quarter profit missed Wall Street expectations. Wednesday’s results offered…

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Sports 

Rugby: Major League commissioner sees bright future for game in U.S.

(Reuters) – Major League Rugby (MLR) Commissioner Dean Howes says the sport will be more visible than ever in the United States this year as the professional league kicks off its second season. Featuring eight U.S.-based teams and one from Canada, with three more teams set to join in 2020, the MLR season began this weekend. It will stage 72 regular season games, culminating in a final in July. Howes said rugby’s lack of popularity in North America was down to limited exposure. “For Americans the availability of rugby just…

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Technology 

Exclusive: Ukraine says it sees surge in cyber attacks targeting election

KIEV (Reuters) – Hackers likely controlled by Russia are stepping up efforts to disrupt Ukraine’s presidential election in March with cyber attacks on electoral servers and personal computers of election staff, the head of Ukraine’s cyber police said on Friday. Ukrainian Cyber Police Chief Serhiy Demedyuk speaks during an interview with Reuters in Kiev, Ukraine November 2, 2017. Picture taken November 2, 2017. REUTERS/Valentyn Ogirenko Serhiy Demedyuk told Reuters the attackers were using virus-infected greeting cards, shopping invitations, offers for software updates and other malicious “phishing” material intended to steal…

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Technology 

Chinese drone maker DJI uncovers corruption, sees $150 million loss

FILE PHOTO: A DJI Inspire drone hovers during a drone training session for Somali police in Mogadishu, Somalia May 25, 2017. REUTERS/Feisal Omar/File Photo SHANGHAI (Reuters) – China’s SZ DJI Technology Co Ltd, the world’s largest maker of consumer drones, has discovered several cases of serious corruption at the company and expects 2018 losses of more than 1 billion yuan ($150 million) as a result, it said on Friday. The company said it was investigating the cases, which came to light during routine quality control in 2018, and that it…

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Technology 

Tesla to cut workforce by 7 percent, sees small fourth-quarter profit

(Reuters) – Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower priced versions of its crucial Model 3 sedan, sending its shares down 7 percent. The company, which has struggled to achieve long-term profitability and keep a tight lid on expenses, also said it expects fourth-quarter profit to be lower than the previous quarter. Chief Executive Officer Elon Musk said the company would need to deliver at least the mid-range Model 3 version in all markets…

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Top stories 

China’s Moon mission sees first seeds sprout

Image copyright CLEP Seeds taken up to the Moon by China’s Chang’e-4 mission have sprouted, says China National Space Administration. It marks the first time any biological matter has grown on the Moon, and is being seen as a significant step towards long-term space exploration. The Chang’e 4 is the first mission to land on and explore the Moon’s far side, facing away from Earth. It touched down on 3 January, carrying instruments to analyse the region’s geology. Plants have been grown on the International Space Station before but never…

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