U.S. sees national security risk from Broadcom's Qualcomm deal: Treasury

(Reuters) - A U.S. government national security panel said it identified potential risks that warrant a full investigation of Singapore-based Broadcom Ltd’s (AVGO.O) $117 billion bid for chipmaker Qualcomm Inc (QCOM.O), a senior U.S. Treasury official said in a letter to the companies on Monda...

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France may probe Google and Facebook over online ad dominance

PARIS (Reuters) - France’s competition authority may open investigations into Facebook and Google “in the next few months” after an in-depth examination concluded the pair dominate the French online advertising market. FILE PHOTO: The Facebook logo is displayed on their website in ...

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Taxi drivers protest against Uber 'invasion' in Greece

ATHENS (Reuters) - Hundreds of taxi drivers marched in central Athens on Tuesday to protest at what they called an “invasion” by Uber, and attacked passing cars they thought were being used by the ride-hailing service. Greek taxi drivers shout slogans during a protest against taxi-hailin...

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U.S. panel says concerns over Broadcom deal warrant full investigation: Treasury

(Reuters) - A U.S. government security panel has identified potential security concerns that warrant a full investigation of Singapore-based Broadcom Ltd’s (AVGO.O) $117 billion bid for chipmaker Qualcomm Inc (QCOM.O), a senior U.S. Treasury official said in a letter to the companies on Monday...

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Logitech CEO says big acquisitions unlikely as it targets sustained growth

ZURICH (Reuters) - Logitech (LOGN.S) Chief Executive Bracken Darrell said large acquisitions were unlikely as the maker of gaming keyboards and wireless speakers forecast sales growth would slow next year. FILE PHOTO: Chief Executive Bracken Darrell of the computer peripherals maker Logitech address...

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World Economic Forum leads creation of fintech cybersecurity consortium

NEW YORK (Reuters) - The World Economic Forum has led the creation of an industry consortium focused on improving the cybersecurity of financial technology companies, as collaboration between fintechs and financial institutions grows. FILE PHOTO: A logo of the World Economic Forum (WEF) is seen as p...

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Money gushes into China's ChiNext as Beijing woos tech giants

SHANGHAI (Reuters) - China’s efforts to attract overseas-listed tech giants have revived long-dormant investor interest in technology shares, chipping away at the allure of blue-chips along the way. China may allow its offshore-listed tech giants to sell a form of shares on the mainland, or Ch...

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Citigroup, Zurich Insurance consortium to develop cyber security norms: FT

(Reuters) - A consortium led by Citigroup Inc (C.N), Zurich Insurance Group AG (ZURN.S) and Depository Trust & Clearing Corp (DTCC) will develop a set of cyber security standards that fintech companies can sign up to, the Financial Times reported on Tuesday. FILE PHOTO - The Citigroup Inc (Citi)...

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Two-Step Verification

The process of authentication, or proving who you are, is key to protecting your information, such as your email, social media, or online banking accounts. You may not realize it, but there are three different ways to prove who you are: what you know, such as a password, what you have, such as your ...

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Facebook hires former BuzzFeed, Pinterest executives for video content

(Reuters) - Facebook Inc hired the former head of BuzzFeed Studios to lead its global video content and a former Pinterest executive as in charge of its video content platform Facebook Watch, they said in separate social media posts on Monday. A Facebook sign is displayed at the Conservative Politic...

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Mexico regulator approves America Movil separation, firm to challenge

MEXICO CITY (Reuters) - Mexico’s telecommunications regulator on Monday said it approved a plan to separate part of American Movil’s fixed-line units into different entities, while the company said it will begin the process but plans to challenge the move in court. FILE PHOTO: The logo o...

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Proxy firm Glass Lewis opposes Tesla's massive stock award to Musk

(Reuters) - Influential proxy advisory firm Glass Lewis said Tesla Inc (TSLA.O) shareholders should vote against a proposal to grant Chief Executive Officer Elon Musk performance-based stock options worth about $2.62 billion. FILE PHOTO: SpaceX founder Elon Musk smiles at a press conference followin...

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Take up stalled self-driving car bill, automakers urge U.S. Senate

WASHINGTON (Reuters) - Major automakers on Monday joined forces with tech companies and a variety of interest groups to urge the U.S. Senate to take up, before the end of May, a stalled bill aimed at speeding the deployment and testing of self-driving cars. In a letter to U.S. Senate leaders that wa...

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UK firm pilots using blockchain to help BMW source ethical cobalt

LONDON (Reuters) - Automaker BMW is working with a London-based start-up to use transaction-recording technology blockchain to prove batteries for its electric vehicles will contain only clean cobalt, the start-up’s CEO said. FILE PHOTO: The BMW booth displays the company logo at the North Ame...

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Microsoft to offer governments local version of Azure cloud service

SAN FRANCISCO (Reuters) - Microsoft Corp on Monday said it will soon make it possible for government clients to run its cloud technology on their own servers as part of a concerted effort to make Azure more appealing to local and federal agencies. FILE PHOTO: A Microsoft logo is seen in Los Angeles,...

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Amazon mulling checking-account like product with big banks: WSJ

(Reuters) - Amazon.com Inc (AMZN.O) is in talks to create a checking-account-like product with big banks such as JPMorgan Chase & Co (JPM.N), the Wall Street Journal reported, citing people familiar with the matter. FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo...

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Airbnb willing to make concessions in Singapore: policy chief

SINGAPORE (Reuters) - Home-booking company Airbnb is willing to make some concessions on short-term rentals in Singapore in an attempt to appease concerns of the government, a top executive said on Monday. FILE PHOTO: Airbnb head of global policy and public affairs Chris Lehane speaks to Reuters in ...

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China plans new share issue option to bring tech giants home

HONG KONG (Reuters) - China may allow its offshore-listed tech giants to sell a form of shares on the mainland, people with knowledge of the plan said, in a move that would pit Shanghai and Shenzhen against Hong Kong in the battle to host the country’s tech giants. While China is home to some ...

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EU executive to propose raft of measures to boost fintech: document

LONDON (Reuters) - The European Union’s executive will propose a draft law on crowdfunding and forge common blockchain technology standards to help a European financial technology sector grow, an EU document showed on Monday. The bloc’s executive European Commission is due to publish its...

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Telia sells Azercell stake in gradual exit from Eurasia

STOCKHOLM (Reuters) - Nordic telecom group Telia on Monday said it had sold its stake in Azerbaijan mobile operator Azercell, which it co-owns with Turkcell, part of a shift to focus on its main markets in Nordic and Baltic countries. FILE PHOTO: A flag flutters at the Telia telecommunication compan...

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