China cuts tax rates for chipmakers amid trade tensions

BEIJING (Reuters) - China's finance ministry said on Friday it has introduced new tax breaks and exemptions for firms making semiconductors, seeking to limit dependence on foreign chips amid trade tensions with the United States over technology transfers.

Singapore's competition watchdog says Uber-Grab deal infringes competition

SINGAPORE (Reuters) - Singapore's competition watchdog said on Friday that it had reasonable grounds for suspecting competition had been infringed by the agreed deal by ride-hailing firm Uber Technologies Inc [UBER.UL] to sell its Southeast Asia operations to rival Grab.

Amazon cuts ties with top Washington lobbying firms: Bloomberg

(Reuters) - Online retailing behemoth Amazon.com Inc has cut ties with Washington lobbying firms Akin Gump Strauss Hauer & Feld LLP and Squire Patton Boggs, Bloomberg reported on Friday.

China's Huawei posts 28 percent rise in 2017 net profit

HONG KONG (Reuters) - China's Huawei Technologies [HWT.UL], the world's third-largest smartphone maker, posted a 28 percent rise in 2017 net profit on Friday, driven by cost controls and a solid performance in its home market.

China busts smugglers using drones to transport smartphones: state media

BEIJING (Reuters) - Customs officers in southern China's technology hub Shenzhen busted a group of criminals using drones to smuggle 500 million yuan ($79.8 million) worth of smartphones from Hong Kong to Shenzhen, the official Legal Daily reported on Friday.

Zuckerberg disavows memo saying all user growth is good

SAN FRANCISCO (Reuters) - A Facebook Inc executive said in an internal memo in 2016 that the social media company needed to pursue adding users above all else, BuzzFeed News reported on Thursday, prompting disavowals from the executive and Facebook Chief Executive Officer Mark Zuckerberg.

Facebook's Zuckerberg disavows memo saying all user growth is good

SAN FRANCISCO (Reuters) - A Facebook Inc executive said in an internal memo in 2016 that the social media company needed to pursue adding users above all else, BuzzFeed News reported on Thursday, prompting disavowals from the executive and Facebook Chief Executive Officer Mark Zuckerberg.

U.S. regulator approves SpaceX plan for broadband satellite services

WASHINGTON (Reuters) - The top U.S. telecommunications regulator on Thursday gave formal approval to a plan by Elon Musk's SpaceX to build a global broadband network using satellites.

Under Armour says 150 million MyFitnessPal accounts breached

(Reuters) - Under Armour Inc said on Thursday that data from some 150 million MyFitnessPal diet and fitness app accounts was compromised in February, sending shares of the athletic apparel maker down 3 percent in after-hours trade.

Tesla shares recover as company pushes to hit Model 3 target

SAN FRANCISCO (Reuters) - Tesla Inc shares rose on Thursday ahead of the expected release next week of the company's quarterly auto production data, while a senior executive urged workers at the automaker to hit a weekly production target of 2,500 Model 3 sedans by the end of March.

U.S. FCC approves SpaceX plan for broadband satellite services

WASHINGTON (Reuters) - The U.S. Federal Communications Commission said on Thursday it had approved an application by Elon Musk's privately held Space Exploration Holdings, also known as SpaceX, to provide satellite broadband services in the United States and globally.

Under Armour discloses breach of 150 million MyFitnessPal user accounts

(Reuters) - Under Armour Inc said on Thursday some personal details of about 150 million user accounts of its food and nutrition app and website, MyFitnessPal, were breached last month.

Explainer: Spotify listing could be roller coaster for retail investors

NEW YORK/SAN FRANCISCO (Reuters) - Spotify Technology SA's unusual stock market debut on Tuesday levels the playing field for individual investors who are normally at a disadvantage in traditional listings, but could also make them more vulnerable to swings in the music streaming service's share pri...

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Wall Street taps the brakes on Tesla selloff

SAN FRANCISCO (Reuters) - Tesla Inc's stock rebounded on Thursday but still suffered its worst week since July after one of the most optimistic analysts covering the electric car maker chopped his price target ahead of quarterly production data expected next week.

Facebook begins 'fact-checking' photos and videos

SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday it had begun "fact-checking" photos and videos to reduce the hoaxes and false news stories that have plagued the world's largest social media network.

New York offers free cyber security tools to public to deter hackers

(Reuters) - New York City will offer free cyber security tools to the public as part of a new effort to improve online safety, officials said on Thursday, a week after Atlanta was hit with a ransomware attack that knocked some municipal systems offline.

Colombia data not shared with Cambridge Analytica: blocked cellphone app

BOGOTA (Reuters) - A cellphone application blocked by the Colombian commerce regulator said on Thursday it has not shared Colombian users' data with Cambridge Analytica, the political consultancy that has been accused of violating Facebook users' privacy to influence elections in Britain and the Uni...

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Lindsay Lohan loses 'Grand Theft Auto' appeal

NEW YORK (Reuters) - New York State's highest court on Thursday rejected Lindsay Lohan's appeal accusing the maker of "Grand Theft Auto V" of invading her privacy, concluding that video game characters that the actress said were based on her did not resemble her.

Uber avoids legal battle with family of autonomous vehicle victim

TEMPE, Ariz. (Reuters) - The family of a woman killed by an Uber Technologies Inc self-driving vehicle in Arizona has reached a settlement with the ride services company, ending a potential legal battle over the first fatality caused by an autonomous vehicle.

Goldcorp deposits 3,000 ounces of gold in blockchain 'milestone'

TORONTO (Reuters) - Goldcorp Inc made the first gold deposit on Tradewind Markets' new digitized trading platform, the companies said on Thursday, with 3,000 ounces of bullion from its Red Lake mine complex in Ontario.