Banks tighten SWIFT system security after hacks

GENEVA (Reuters) - Banks are tightening the security of their SWIFT messaging networks – used by the industry to shift trillions of dollars each day – following revelations that hackers are increasingly able to get into this system to steal money.

Deutsche Bank opens digital factory, hires 400 specialists

FRANKFURT (Reuters) - Deutsche Bank opened a center for software developers and IT and financial specialists in Frankfurt on Thursday, joining other lenders in developing products for digital banking.

Tesla's Musk to employees: no more discounts on new cars

DETROIT (Reuters) - Electric carmaker Tesla Motors Inc Chief Executive Elon Musk told employees in an email to follow company policy of not offering discounts on new cars, answering some investors' recent concerns about the practice.

Ubisoft says unaware of Vivendi board seat request: CFO

PARIS (Reuters) - French video games maker Ubisoft is not aware of media giant Vivendi requesting a seat on the company's board, Chief Financial Officer Alain Martinez said on Thursday.

Safran starts exclusive talks with Advent for Morpho unit

PARIS (Reuters) - France's Safran has entered into exclusive negotiations with the owner of smartcard maker Oberthur Technologies over the sale of its Morpho business, the aerospace and defense company said on Thursday.

Growth in demand for industrial robots halves as China, carmakers cut back

FRANKFURT (Reuters) - Growth in sales of industrial robots has halved from levels seen two years ago and is unlikely to recover those levels over the next few years because demand in China, the biggest market, has slowed.

Accenture revenue tops estimates on strong cloud services demand

(Reuters) - Accenture Plc , a provider of consulting and outsourcing services, reported a better-than-expected 7.6 percent rise in quarterly revenue as its investments to boost digital and cloud services pay off.

EU looks to remove national barriers to data flows

BRATISLAVA (Reuters) - The European Commission wants to reduce national restrictions on where some types of commercial and health data can be stored, Vice-President Andrus Ansip said on Thursday.

Car industry puts cooperation on show in battle against Silicon Valley firms

PARIS/FRANKFURT (Reuters) - Alarmed by the threat posed by Silicon Valley firms to their businesses in developing autonomous driving systems, it was evident at the Paris Motor Show this week that carmakers are seeking to fight back by cooperating in areas of technology development where previously t...

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Samsung says over 1 mln people globally using Note 7 with safe battery

BEIJING (Reuters) - Samsung Electronics Co Ltd, the world's biggest smartphone maker, said on Thursday more than 1 million people globally are now using Galaxy Note 7 smartphones with batteries that are not vulnerable to overheating and catching fire.

Insight: From robots to websites, British firms curb spending due to Brexit

READING, England (Reuters) - Heavy machinery whirrs and clanks on the factory floor of precision metalworking firm Robert Bion & Co, where a planned three-meter robotic arm would have been speeding up output by now, if Britain had not voted to leave the European Union.

U.S. software firm Apttus raises $88 million from private investors after delaying IPO

SAN FRANCISCO (Reuters) - Software maker Apttus has raised more money from private investors, postponing plans for an initial public share offer until next year because of the current uncertainties facing markets, including the U.S. presidential election.

TomTom says it will supply mapping data for Volvo trucks, Skoda

AMSTERDAM (Reuters) - Navigation services provider TomTom NV said on Tuesday it has won a contract to supply Volvo AB trucks in Europe with mapping and traffic data.

Samsung says in talks with U.S. watchdog on washing machine safety issues

SEOUL (Reuters) - Samsung Electronics, which is already reeling from a global recall of its Note 7 smartphones, said on Thursday it is in talks with a U.S. watchdog to address potential safety problems related to some of its washing machines.

Samsung expects to get over 80 percent of recalled Note 7s in South Korea by October 1

SEOUL (Reuters) - Samsung Electronics Co Ltd said on Thursday it expects to have recovered more than 80 percent of recalled Galaxy Note 7 smartphones sold in South Korea by Oct. 1, when the firm plans to resume sales of the device in its home market.

Ship shake: Hanjin woes may help float tech, data start-ups

SINGAPORE (Reuters) - The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of major player South Korea's Hanjin Shipping Co Ltd , is slowly waking up to the redeeming potential of technology.

Citigroup becomes last big U.S. bank to join payments network

NEW YORK (Reuters) - Citigroup Inc on Wednesday became the last of the big U.S. banks to agree to allow customers to send instant payments by mobile phone over an industry network that is competing with upstart Venmo.

Cyber firm challenges Yahoo claim hack was state-sponsored

WASHINGTON (Reuters) - A cyber security company on Wednesday asserted that the hack of 500 million account credentials from Yahoo was the work of an Eastern European criminal gang, adding another layer of intrigue to a murky investigation into the unprecedented data heist.

YouTube hires veteran music executive Lyor Cohen as music head

(Reuters) - YouTube, Google's video streaming service, has hired former Warner Music Group executive Lyor Cohen as its global head of music as it looks to strengthen its relationships with the music industry.

Spotify in advanced talks to buy SoundCloud: FT

(Reuters) - Swedish music-streaming service provider Spotify is in advanced talks to acquire German rival SoundCloud, the Financial Times reported on Wednesday, citing people briefed on the discussions.