Exclusive: Uber will use Progressive Insurance to cover Texas drivers

An Uber sign points to drop off and pick up location on a city street in Portland, Oregon March 19, 2016. Reuters/Mike Blake Uber Technologies Inc [UBER.UL] will use Progressive Insurance to provide coverage for drivers in Texas beginning on Friday, in a pilot that could lead the ride-hailing market...

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Microsoft details subscriber growth in cloud

A Microsoft logo is seen at a pop-up site for the new Windows 10 operating system at Roosevelt Field in Garden City, New York July 29, 2015. Reuters/Shannon Stapleton Microsoft’s Azure cloud business is adding business customer and developer subscribers at a rapid pace, a senior company execut...

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U.S. FCC expected to impose $2 billion budget cap on low-income subsidy

A man takes a photo of the U.S. Capitol, on the eve of a potential federal government shutdown, in Washington September 30, 2013. Reuters/Kevin Lamarque The U.S. Federal Communications Commission is expected to approve a $2 billion a year budget cap as part of an expansion of a subsidy for low-incom...

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Global regulators move closer to regulating fintech

A Bitcoin (virtual currency) paper wallet with QR codes and coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris July 11, 2014. Reuters/Benoit Tessier Global regulators have moved closer to regulating the fledgling fintech sector, which includes blockchain technology that...

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Sri Lankan in Bangladesh cyber heist says she was set up by friend

When Hagoda Gamage Shalika Perera, a small Sri Lankan businesswoman, got a deposit of $20 million in her account last month, she said the funds were expected but had no idea they were stolen from Bangladesh's central bank in one of the largest cyber heists in history. Unknown hackers breached Bangla...

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Saban, Disney invest in digital content firm Playbuzz

The logo of the Disney store on the Champs Elysee is seen in Paris, France, March 3, 2016. Reuters/Jacky Naegelen Playbuzz, a U.S.-Israeli platform for distributing online content, has raised $15 million in funding led by Saban Ventures, with participation from Walt Disney Co (DIS.N). Existing inves...

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Foxconn's $3.5 billion bet to keep up with Apple

The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in New Taipei City, Taiwan March 29, 2016. Reuters/Tyrone Siu With its acquisition of Japan's Sharp Corp (6753.T), Foxconn aims to gain access to promising technology for high-end OLED s...

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UK watchdog warns of bottleneck in P2P platform approvals

The logo of the new Financial Conduct Authority (FCA) is seen at the agency's headquarters in the Canary Wharf business district of London April 1, 2013. Reuters/Chris Helgren A flurry of companies are queuing for authorisation to open peer-to-peer (P2P) lending platforms to take advantage of a new ...

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Where's the lane? Self-driving cars confused by shabby U.S. roadways

Volvo's North American CEO, Lex Kerssemakers, lost his cool as the automaker's semi-autonomous prototype sporadically refused to drive itself during a press event at the Los Angeles Auto Show. "It can't find the lane markings!" Kerssemakers griped to Mayor Eric Garcetti, who was at the wheel. "You n...

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China finds drug users and convicts among ride-hailing app drivers

Five ride-hailing platforms in China, including Didi Kuaidi and Uber, have been called in by authorities in the southern city of Shenzhen over the lax process of screening drivers, the official Xinhua news agency reported. Some drivers were found to have committed various traffic violations and used...

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Chinese AI team plans to challenge Google's AlphaGo: state media

The world's top Go player Lee Sedol puts the first stone against Google's artificial intelligence program AlphaGo during the third match of Google DeepMind Challenge Match in Seoul, South Korea, in this handout picture provided by Google and released by Yonhap on March 12,... Reuters/Google/Yonhap A...

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World of Tanks shows Belarus potential beyond Soviet-era farms

World of Tanks, one of the five most popular PC video games in Europe and the United States with 100 million players joining virtual battles in World War II-era tanks, started in a kitchen in the capital of Belarus. In a country better known for its Soviet-era collectivized farming and run by Presid...

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Senator Wyden pledges to fight limits on encryption

U.S. Senator Ron Wyden (D-OR) speaks with reporters as he arrives for the weekly Democratic Caucus policy luncheon at the U.S. Capitol in Washington June 2, 2015. Reuters/Jonathan Ernst U.S. Senator Ron Wyden pledged on Wednesday to fight legislation expected shortly in Congress that would limit enc...

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When mobsters meet hackers - the new, improved bank heist

Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016. Reuters/Ashikur Rahman No need for stocking masks and sawn-off shotguns. The unprecedented heist of $81 million from the U.S. account of Bangladesh’s central bank is the latest among increasingly large ...

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FBI's secret method of unlocking iPhone may never reach Apple

A 3D printed Apple logo is seen in front of a displayed cyber code in this illustration taken March 22, 2016. Reuters/Dado Ruvic/Illustration The FBI may be allowed to withhold information about how it broke into an iPhone belonging to a gunman in the December San Bernardino shootings, despite a U.S...

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Yahoo to allow proxy access for board nominations

Yahoo CEO Marissa Mayer delivers her keynote address at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada January 7, 2014. Reuters/Robert Galbraith Yahoo Inc (YHOO.O) will allow investors who have held stake of at least 3 percent in the struggling Internet company for a minimum of thre...

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U.S. arrests oil industry networking site creator over hacks

The founder of an oil and gas networking website was arrested on Wednesday on charges that he hacked and stole information from a rival site he had created and sold to DHI Group Inc, the Federal Bureau of Investigation said. David Kent, 40, was accused in a criminal complaint filed in Manhattan fede...

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Pentagon looks at future use of drones to assist manned aircraft

Various U.S. military drones are seen at the Smithsonian National Air and Space Museum in Washington September 1, 2015. Reuters/Gary Cameron The Pentagon is examining how it might use unmanned craft in the future to accompany piloted battlecraft, likely starting with drones that would fly alongside ...

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After iPhone unlocking, Americans should still expect privacy: White House

The American people should "absolutely" still have confidence in their personal privacy despite the government's success in unlocking an Apple iPhone belonging to a shooter in the San Bernardino, California, killings, the White House said on Wednesday. "The reason they should be confident in that pr...

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Microsoft's Windows 10 reaches 270 million users, no mobile numbers

The latest version of Microsoft Corp's Windows operating system has 270 million active users eight months after launch, the world's largest software company said on Wednesday. The number, announced by executive Terry Myerson at Microsoft's annual gathering for developers in San Francisco, represents...

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