Cheap robots may shift car making from China to U.S.: Magna CEO

The falling cost of intelligent robots may help repatriate some car manufacturing work away from low-cost locations like China back to factories in Germany and North America, Donald Walker, Chief Executive of auto supplier Magna told Reuters. Rising wages in China and the cost of importing heavy components like electric car batteries into Europe may lead established car makers to introduce more highly efficient automated manufacturing closer to home, Walker told Reuters in an interview at the Frankfurt auto show. “If you have a high labor, easy-to-ship part, it has already gone, for the most part, to a low-cost jurisdiction,” Walker said about the evolution of assembly work in the car manufacturing business

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Chinese computer hack attacks slow ahead of Obama summit: experts

By Joseph Menn and Doina Chiacu WASHINGTON (Reuters) – Major intrusions by Chinese hackers of U.S. companies' computer systems appear to have slowed in recent months, private-sector experts say, ahead of a meeting between China's president and President Barack Obama with cyber security on the agenda. “The pace of new breaches feels like it’s tempering,” said Kevin Mandia, founder of Mandiant, a prominent company that investigates sophisticated corporate breaches

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U.S. and China in urgent talks on cybersecurity deal: NY Times

(Reuters) – The United States and China have been engaged in urgent negotiations in recent weeks on a cybersecurity deal and may announce an agreement when President Chinese President Xi Jinping arrives in Washington on a state visit on Thursday, the New York Times said on Saturday.

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Russia’s Mail.ru buys maps service company to lure mobile users

MOSCOW (Reuters) – Russian email-to-online-gaming group Mail.ru said on Thursday it had acquired MAPS.ME, a maps and navigation service for mobile devices, to help expand its global audience. Mail.ru, majority-owned by Russia’s richest man Alisher Usmanov, had announced plans to expand in foreign markets in October 2012 and launched the my.com brand, which now offers an email service for mobile phones, as well as chat and games

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China’s Tencent, Warner Music partner for music streaming

BEIJING (Reuters) – Chinese fans of Linkin Park and Jason Mraz will be able to stream licensed music from Tencent Holding Ltd after the internet firm said on Thursday it had signed a distribution deal with Warner Music Group (WMG). In a statement, the two companies said the deal would help music companies and artists by giving consumers better access to licensed music. The terms of the deal were not disclosed

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