Reuters Technology Report: Exclusive: Apple and Amazon in talks to set up in Saudi Arabia - sources

Click to View in Browser Thursday, December 28, 2017 Exclusive: Apple and Amazon in talks to set up in Saudi Arabia - sources RIYADH (Reuters) - Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, part of Crown Prince Mohammed bin Salman's push to give the conservative kingdom a high-tech look. LG Display says did not supply OLED panels for Apple's iPhone X this year SEOUL (Reuters) - South Korea's LG Display Co Ltd on Thursday said it did not supply any organic light-emitting diode (OLED) panels for Apple's iPhone X smartphones this year. Apple faces lawsuits after saying it slows down aging iPhones SAN FRANCISCO (Reuters) - Apple Inc defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change. South Korea prosecutors seek 12 years jail for Samsung heir Lee in corruption case SEOUL (Reuters) - South Korean prosecutors sought a 12-year jail term on Wednesday for Samsung Electronics Vice Chairman Jay Y. Lee, in a corruption case that led to the ouster of the nation's president earlier this year. China commerce ministry says disappointed at European probe into e-bike exporters BEIJING (Reuters) - China's commerce ministry said it is disappointed at the European Commission's decision to launch a probe into Chinese exporters of electronic bicycles, adding that Europe misunderstands the Chinese market. South Korea to impose new curbs on cryptocurrency trading SEOUL (Reuters) - South Korea's government said on Thursday it will impose additional measures to regulate speculation in cryptocurrency trading within the country. Apple, suppliers drop on report of weak iPhone X demand BEIJING/SAN FRANCISCO (Reuters) - Shares in Apple Inc and several of its Asian suppliers fell on Tuesday after a report by Taiwan's Economic Daily and comments from some analysts suggested iPhone X demand could come in below expectations in the first quarter. Bitcoin recovers some losses after its worst week since 2013 SINGAPORE/TOKYO/NEW YORK (Reuters) - Bitcoin rose 15 percent on Tuesday, recouping about half of the losses it sustained last week, its worst since 2013, as investors who had missed out on earlier rallies bought the world's biggest and best-known digital currency. Tesla to make pickup truck after Model Y crossover (Reuters) - Tesla Inc will build a pickup truck soon after producing electric crossover vehicle Model Y, Chief Executive Elon Musk said on Tuesday. Huawei's China smartphone sales chief detained for suspected bribe-taking HONG KONG (Reuters) - Huawei Technologies , the world's third-largest smartphone maker, said on Wednesday that Chinese police are conducting an investigation, after the China sales head of its smartphone unit was detained on suspicion of accepting bribes. Related Video Robo drones to study underneath Antarctic ice shelf MIT scientists develop new technique for cleaning contaminated water Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook