1 | Today's date | |||||
|---|---|---|---|---|---|---|
2 | These are the Daily Tech Headlines for Friday, November 29, 2019. I'm Rich Stroffolino | |||||
3 | ||||||
4 | ||||||
5 | Headlines | |||||
6 | LG Electronics announced that CEO Jo Seong-jin will step down, following an earnings report that saw net profits decline 30.5% on the year and its smartphone division posting its 18th consecutive quarterly loss. Effective December 1st, Brian Kwon will step into the role, currently the head of LG's Mobile Communications and Home Entertainment companies. Jo was named CEO back in 2016. LG also announced a new CFO, and the creation of a chief strategy officer role. | https://economictimes.indiatimes.com/news/international/business/lg-replaces-ceo-top-executives-after-net-profits-slumps-more-than-30in-q3/articleshow/72278677.cms | ||||
7 | The European Data Protection Supervisor issued its first sanctions against an EU institution, reprimanding the European parliment for use of a US-based digital campaign company called NationBuilder to process citizen's voter data. NationBuilder was used to process data collected through a website to encourage voter engagement, collecting data on 329,000 EU citizens. The EDPS issued a reprimand for failure to publish a privacy policy on the site, and for "lack of awareness of the extent of the processing being carried out by third parties and the lack of prior authorisation, by Parliament as data controller, provided in advance of the processing.” The regulator did not fine the EU parliment because it complied with its recommendations. | https://techcrunch.com/2019/11/28/european-parliaments-nationbuilder-contract-under-investigation-by-data-regulator/ | ||||
8 | The Wall Street Journal reports that, according to sources, Huawei is preparing to sue the FCC for its recent decision to block telcos from purchasing equipment from Huawei using funds from the Universal Service Fund. In a statement, Huawei called the ban unlawful and based on no direct evidence of a threat to national security, and " a mistaken view of Chinese law, that Huawei might come under Chinese government control." Huawei will reportedly file the suit next week in the Fifth Circuit Court of Appeals in New Orleans. | https://www.engadget.com/2019/11/29/huawei-sue-fcc-over-usf-ban/ | ||||
9 | In a released stock statement, Xiaomi announced in Q3 revenue grew 5.5% to 53.7 billion yuan ($7.6 billion US), while seeing global smartphone shipments decline by 3.6%. Income from overseas markets increased 17% on the year, and now accounts for 48.7% of company revenue. The company remained the most shipped smartphone brand in India, with shipments up 73% in the quarter to 5.5 million. IoT and smart device revenue increased 44% on the year to 15.6 billion yuan. | |||||
10 | HSBC announced it plans to move $20 billion in assets to a blockchain-based custody platform called Digital Vault in March. The platform will give investors real-time access to records of securities bought on private markets, replacing a system of paper-based records of private placements. | https://www.reuters.com/article/us-hsbc-hldg-blockchain/hsbc-swaps-paper-records-for-blockchain-to-track-20-billion-worth-of-assets-idUSKBN1Y11X2 | ||||
11 | Panasonic announced it will sell its semiconductor business to Nuvoton Technology in a deal worth $250 million. The sale is part of Panasonics plan to cut $100 billion Yen in fixed costs by March 2022, and the company doesn't expect it to impact earnings. The semiconductor groups specializes in power management chips, as well as smartphone, automotive, and security camera sensors. | https://www.reuters.com/article/us-panasonic-divestiture-idUSKBN1Y12MN | ||||
12 | Researchers from Berkley published research in Science, looking at how undersea fiber optic cables could be turned into a network of seismographs. Since light traveling through the cables gets scattered or distorted when a cable shifts, it's possible to use this backscatter effect to measure movements up to a few nanometers. Using a technique called Distributed Acoustic Sensing, the team was able to detect ocean floor seismic activity using 20 kilometers worth of of Monterey Bay Aquarium Research Institute’s underwater data infrastructure. The researchers are now looking into how to measure seismic activity on cables without interfering with the received signal. | |||||
13 | For more discussion of the tech news of the day subscribe to DailyTechNewsShow.com, [1] you can find show notes and links to all headlines there as well, [2] and remember to rate and review Daily Tech Headlines where ever you get your podcasts. | http://dailytechnewsshow.reddit.com | ||||
14 | Thanks for listening, we'll talk to you next time. | |||||
15 | ||||||
16 | ||||||
17 | ||||||
18 | END OF SHOW |