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Reuters Technology Report: April 6, 2017

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How artificial life spawned a billion-dollar industry
LONDON (Reuters) - Scientists are getting closer to building life from scratch and technology pioneers are taking notice, with record sums moving into a field that could deliver novel drugs, materials, chemicals and even perfumes.
Australian regulator sues Apple alleging iPhone 'bricking'
SYDNEY (Reuters) - Australia's consumer watchdog has sued Apple Inc alleging it used a software update to disable iPhones which had cracked screens fixed by third parties.
Twitter creates 'lite' version for data-starved users
SAN FRANCISCO (Reuters) - Twitter Inc is launching a faster version of its mobile service on Wednesday aimed at people with sporadic connections or little data on their smartphone plans, hoping to pick up users in harder-to-reach emerging markets.
China court orders Samsung units to pay $11.6 million to Huawei over patent case
HONG KONG (Reuters) - A Chinese court has ordered Samsung Electronics's mainland subsidiaries to pay 80 million yuan ($11.60 million) to Huawei Technologies [HWT.UL] for patent infringement, the China firm's first victory against Samsung on its legal challenges over intellectual property.
Facebook to use photo-matching to block repeat 'revenge porn'
SAN FRANCISCO (Reuters) - Facebook Inc is adding tools on Wednesday to make it easier for users to report so-called "revenge porn" and to automatically prevent the images from being shared again once they have been banned, the company said.
Big miners have trouble joining technology revolution
SANTIAGO/LONDON (Reuters) - Mining companies chasing the kind of technological breakthroughs made long ago in the manufacture of cars and mobile phones have unveiled eye-catching innovations ranging from vast drills and remote-controlled trucks to second-by-second data analysis.
Taser changes name to Axon in shift to software services
SAN FRANCISCO (Reuters) - Taser International Inc , maker of the eponymous device used by police to stun and incapacitate a person temporarily, is changing its name to Axon as it pushes further into the software business.
Financial institutions risk 24 percent revenue loss from fintech: PwC
NEW YORK (Reuters) - Large financial institutions across the world could lose 24 percent of their revenues to financial technology companies over the next three to five years, according to a new study by PricewaterhouseCoopers.
U.S. judge warns Uber in Waymo self-driving car case
SAN FRANCISCO (Reuters) - A U.S. judge on Wednesday warned Uber Technologies Inc it could face a court injunction that would bar a key Uber executive from working on its self-driving car project, in a high-profile case filed by Alphabet Inc's Waymo unit.
Apple aims for more control, less cost as it accelerates in chip design
SAN FRANCISCO (Reuters) - Apple Inc's decision to stop licensing graphics chips from Imagination Technologies Group Plc is the clearest example yet of the iPhone maker's determination to take greater control of the core technologies in its products - both to guard its hefty margins and to position it for future innovations, especially in so-called augmented reality.

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Thursday, April 6, 2017

Greece's dark age: how austerity turned off the lights
Deepening poverty in Greece following seven years of austerity is causing many families to owe so much to the country’s power utilities that they cannot use electricity in their homes. The state-controlled Public Power Corporation has 2.6 billion euros ($2.8 billion) in unpaid bills. People in poor neighborhoods are also increasingly turning to energy fraud, meaning that the problem for PPC is much higher than the mountain of unpaid bills suggests. Power theft is costing PPC around 500-600 million euros a year in lost income, an industry official said, requesting anonymity because he was not authorized to divulge the numbers.

Commentary: The worrying lessons of Syria’s chemical attack
In terms of raw casualty numbers, Tuesday’s apparent nerve gas attack near the Syrian city of Khan Sheikhoun – believed to have killed at least 70 – should hardly be significant against the backdrop of a war that has left hundreds of thousands of people dead. But that was never the point of chemical weapons, writes Peter Apps. Since European powers first used them over a century ago at the height of World War One, they have held a psychological and political shock value in many ways out of proportion to their physical or military effect.

Destructive weed threatens U.S. corn
A U.S. government program designed to convert farmland to wildlife habitat has triggered the spread of a fast-growing weed that threatens to strangle crops in America's rural heartland. The weed is hard to kill and, if left unchecked, destroys as much as 91 percent of corn on infested land, according to the U.S. Department of Agriculture (USDA). It is spreading across Iowa, which accounts for nearly a fifth of U.S. corn production and in 2016 exported more than $1 billion of corn and soy.

Zara owner takes step to keep company in the family
Amancio Ortega, the reclusive 81-year-old founder of the world's biggest clothing retailer Inditex and Europe's richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies. Ortega's heirs will now inherit stakes in Pontegadea, which groups assets worth around 57 billion euros, rather than Inditex shares which potentially could be sold, muddying prospects for the company's direction.

How artificial life spawned a billion-dollar industry
Scientists are getting closer to building life from scratch and technology pioneers are taking notice, with record sums moving into synthetic biology, a field that could deliver novel drugs, materials, chemicals and even perfumes. Despite ethical and safety concerns, investors are attracted by synthetic biology's wide market potential and the plummeting cost of DNA synthesis, which is industrializing the writing of the genetic code that determines how organisms function. 

Reuters photo of the day
Just five more minutes
An artiste is reflected in a mirror as he applies make-up backstage before taking part in a celebration to mark Hindu festival of Ramnavami inside the premises of a temple in Bengaluru, India April 5, 2017. REUTERS/Abhishek N. Chinnappa

EnergyWorld- China Hebei districts to end coal sales ahead of Oct ban - Xinhua

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Top Stories
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Power
BHEL adds 45,274 MW capacity in 12th plan period; surpasses govt's target by 9 per cent
Toshiba's Westinghouse replaced chairman two days before bankruptcy filing
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Coal
Adani's Carmichael coal mine gets 60-year water licence
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Glencore the fifth coal miner to declare force majeure in cyclone-hit Australia
China Hebei districts to end coal sales ahead of Oct ban - Xinhua

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