Uber faces big jump in fees if London license is renewed

LONDON (Reuters) - Uber will face a big jump in the fee it pays to operate in London to 2.9 million pounds if the ride hailing company is granted a new license by the city’s transport authority. Transport for London said on Monday companies with more than 10,000 vehicles would pay 2.9 million ...

Continue reading

Exclusive: Google offers to display rival sites via auction - sources

BRUSSELS (Reuters) - Alphabet unit Google has offered to display rival shopping comparison sites via an auction in order to comply with an EU antitrust order to stop favoring its own shopping service, four people familiar with the matter said on Monday. The proposal, which resembles a failed offer m...

Continue reading

Hackers compromised free CCleaner software, Avast's Piriform says

SAN FRANCISCO (Reuters) - Hackers broke into British company Piriform’s free software for optimizing computer performance last month potentially allowing them to control the devices of more than two million users, the company and independent researchers said on Monday. The malicious program wa...

Continue reading

From grudge to nudge: tech firms help insurers shift gear

LONDON (Reuters) - Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway. The lure of products promising to save on claims in a highly competitive market has le...

Continue reading

Google launches digital payments service in India

NEW DELHI (Reuters) - Alphabet Inc’s Google on Monday launched a localized payments app for India as it tries to gain a foothold in the country’s rapidly-growing digital payments space. India’s crowded digital payments market, expected to grow ten-fold to $500 billion by 2020, rece...

Continue reading

Hackers compromised CCleaner free software, Avast's Piriform says

SAN FRANCISCO (Reuters) - Hackers broke into British company Piriform’s free software for optimizing computer performance last month and installed tools that could have allowed them to take control of tens of millions of devices, the company and independent researchers said on Monday. The mali...

Continue reading

Nokia says to get sales boost after patent ruling

HELSINKI (Reuters) - Nokia (NOKIA.HE) will start to book additional revenue from the current quarter after a ruling by an arbitration court on payments from South Korea’s LG Electronics (066570.KS) for using its smartphone patents. The Finnish company said it would also get a one-off payment, ...

Continue reading

Slack valued at $5.1 billion after new funding led by SoftBank

(Reuters) - Software startup Slack Technologies Inc said it raised $250 million from SoftBank Group Corp (9984.T) and other investors in its latest funding round, boosting the company’s valuation to $5.1 billion. The latest fund-raising, led by SoftBank through its giant Vision Fund and joined...

Continue reading

Snap says removes Al Jazeera's Discover Publisher channel in Saudi Arabia

NEW YORK (Reuters) - Snap Inc has been asked by the Saudi Arabia government to remove the Al Jazeera Discover Publisher Channel in that country because it violated local laws, the social media company said on Sunday. “We make an effort to comply with local laws in the countries where we operat...

Continue reading

Too soon to determine risks of central bank-issued cryptocurrencies: BIS

LONDON (Reuters) - It is too soon to determine whether central banks should issue their own cryptocurrencies, the Bank for International Settlements said on Sunday, as the risks could not yet be fully assessed and the technology underpinning them is still unproven. Central banks already use electron...

Continue reading

Volkswagen is 'second mover' in electric commercial vehicles: executive

FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) is a “second mover” in electrified commercial vehicles, after lagging companies such as Tesla (TSLA.O) and Deutsche Post DHL (DPWGn.DE) in putting them on the road, the head of VW’s trucks business told a German newspaper. He said Volksw...

Continue reading

Waymo seeks delay in self-driving trade secret trial against Uber

SAN FRANCISCO (Reuters) - Alphabet’s Waymo self-driving car unit said critical new evidence it recently obtained in a trade secret lawsuit against Uber means a U.S. judge should postpone a trial of the case set to begin next month. Waymo claimed in a lawsuit earlier this year that former engin...

Continue reading

Amazon to test one-hour catwalk-to-doorstep deliveries at Nicopanda show

LONDON (Reuters) - Online retailer Amazon aims to take the “see now, buy now” model of making clothes seen in catwalk shows quickly available to consumers to a new level, offering one-hour delivery on items shown in a fashion show on Saturday night to customers in London. Former Diesel c...

Continue reading

Equifax two top technology executives leave company 'effective immediately'

WASHINGTON (Reuters) - Equifax said on Friday that it made changes in its top management as part of its review of a massive data breach, with two technology and security executives leaving the company “effective immediately.” The credit-monitoring company announced the changes in a press...

Continue reading

EU-U.S. data pact faces first major test of credibility

BRUSSELS (Reuters) - A pact underpinning billions of dollars of transatlantic data transfers will undergo its first annual review on Monday, with Europe seeking to ensure Washington has lived up to its promises to protect the data of European citizens stored on U.S. servers. Feted as a milestone in ...

Continue reading

Trump move to block chipmaker deal bad for America - Xinhua

SHANGHAI (Reuters) - U.S. President Donald Trump’s decision to block a Chinese-backed firm from buying a U.S.-based chipmaker this week is detrimental to America’s growth and the global economy, China’s state news agency Xinhua said in a commentary on Saturday. Canyon Bridge Capita...

Continue reading

Equifax's information, security heads to retire immediately: CNBC, citing DJ

(Reuters) - Credit score company Equifax Inc’s chief information officer and chief security officer will retire effective immediately, CNBC said on Friday, citing Dow Jones. Equifax, which reported a massive data breach last week, did not immediately respond to requests for comment. Reporting ...

Continue reading

U.S. Senator Warren introduces Equifax bill, launches industry probe

WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren said on Friday she has begun an investigation into Equifax’s (EFX.N) massive data breach, and along with 11 other Democratic senators, introduced a bill to allow consumers to freeze their credit for free. Equifax came under increased pressur...

Continue reading

GM's Cruise aims to open self-driving tests to public; timing unclear

SAN FRANCISCO (Reuters) - General Motors Co’s self-driving unit, Cruise Automation, is working to open an internal ride-hailing service to people outside the company, aiming to join a small group of autonomous vehicle developers testing their technology with the public. Cruise’s plan for...

Continue reading

Google disables offensive ad keywords found by BuzzFeed

(Reuters) - Alphabet Inc’s Google said it had disabled a “majority” of the offensive keywords that BuzzFeed found could be used by advertisers to target people searching for racist and anti-Semitic topics. Google, the world's biggest advertising platform, not only allowed advertise...

Continue reading