Uber appeal case against London license loss planned for April or June next year

LONDON (Reuters) - Uber’s [UBER.UL] appeal against the loss of its London license should begin on Apr. 30 for five days but might be delayed until June, a British judge said on Monday at a preliminary hearing. FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone, as it is ...

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Apple, India wrangle over import tax on mobile parts: sources

NEW DELHI (Reuters) - Apple Inc (AAPL.O) has asked India to defer a planned increase in import taxes on mobile phone parts so it can expand its iPhone manufacturing in the country, but the government is unlikely to accede, people familiar with the matter said. FILE PHOTO: An iPhone is seen on displa...

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Nokia's COO quits after eight months in the job

HELSINKI (Reuters) - Nokia said its chief operating officer will leave the telecom network equipment maker, which is struggling in the face of a shrinking market and tough competition, after just eight months in the job. A Nokia logo is seen at the company's headquarters in Espoo, Finland, May 5, 20...

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Exclusive: Hong Kong fund tells Toshiba that chip unit sale to Bain group not necessary

TOKYO (Reuters) - A Hong Kong-based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters. FILE PHOTO: A logo of Tos...

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Nokia COO to leave the company

HELSINKI (Reuters) - Telecom network equipment maker Nokia said on Monday its Chief Operating Officer Monika Maurer was leaving the company. A Nokia logo is seen at the company's headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins Joerg Erlemeier, currently a Senior Vice President for ...

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Mubadala has done 15 to 16 investments in Silicon Valley as part of the Softbank fund

ABU DHABI (Reuters) - Abu Dhabi’s state investor, Mubadala [MUDEV.UL], has made 15 to 16 investments in Silicon Valley as part of a partnership with Softbank Group, deputy group CEO, Waleed al-Muhairi, told a conference in Abu Dhabi. Mubadala has committed $15 billion to Japan’s SoftBank...

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Hotly anticipated bitcoin futures surge 21 percent on debut

NEW YORK/SYDNEY (Reuters) - Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world’s largest cryptocurrency even as critics warn of the risk of a bubble and price collapse. Virtual currency B...

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Bitcoin futures surge past $17,000 on launch day

SYDNEY (Reuters) - The front-month bitcoin futures contract XBTc1 on the Chicago-based CBOE Futures Exchange surged past $17,000 on Monday, the first day of trading. Virtual currency Bitcoin tokens are seen in this illustration picture, December 8, 2017. Picture taken December 8. REUTERS/Dado Ruvic/...

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Uber heads to court in fight for London survival

LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market. FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone,...

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Bitcoin futures start trading on CBOE exchange

NEW YORK (Reuters) - The newest way to bet on bitcoin arrived on Sunday, with futures of the cryptocurrency that has taken Wall Street by storm starting trading for the first time. FILE PHOTO: A Bitcoin logo is displayed at the Bitcoin Center New York City in New York's financial district in NY, U.S...

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China Telecom earmarked as the Philippines' third telecoms player

MANILA (Reuters) - State-run China Telecom Corp could become the Philippines’ third telecoms player, officials of the Southeast Asian nation said on Sunday, as the government looks to stir up competition in an effort to boost notoriously poor services. Philippines President Rodrigo Duterte las...

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Bangladesh minister says wants to 'wipe out' Manila bank for heist role

DHAKA (Reuters) - Bangladesh’s finance minister said late on Saturday he wanted to “wipe out” a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank’s account with the Federal Reserve Bank of New York last year. FILE PHOTO: A security...

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After bitcoin’s wild week, traders brace for futures launch

NEW YORK (Reuters) - The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading. FILE PHOTO: A Bitcoin ATM is seen at the Bitcoin Center NYC in New York C...

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Apple in talks to acquire music identification app Shazam: source

SAN FRANCISCO (Reuters) - Apple Inc (AAPL.O) is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation. FILE PHOTO - A man looks at the screen of his mobile phone in front o...

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Apple's Ive returns to helm of design teams

(Reuters) - Apple Inc Chief Design Officer Jony Ive is returning to day-to-day management of the company’s design teams after handing off managerial duties two years ago to focus on other projects, Apple told Reuters on Friday. FILE PHOTO - Apple CEO Tim Cook (R) plays with an iPhone as Jonath...

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#NoRussiaNoGames: Twitter 'bots' boost Russian backlash against Olympic ban

MOSCOW (Reuters) - What began as a grassroots online campaign featuring a schoolboy has grown into a mass hashtag protest against Russia’s exclusion from the Winter Olympics - backed by what appear to be fake Twitter accounts and users connected to past pro-Kremlin causes. FILE PHOTO: A 3D-pri...

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Spotify and Tencent Music to buy stakes in each other

STOCKHOLM (Reuters) - Music streaming company Spotify and the music arm of China’s Tencent Holdings Ltd will buy minority stakes in each other ahead of the Swedish firm’s expected stock market listing next year, the companies said on Friday. FILE PHOTO: Headphones are seen in front of a ...

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NiceHash says attacked probably from non-EU IP address

LJUBLJANA (Reuters) - A Slovenian cryptocurrency mining marketplace, NiceHash, which lost about $64 million worth of bitcoin in a hack on its payment system on Wednesday, said the attack was probably made from a non-EU IP address. A notice announcing that service is unavailable is displayed on the w...

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Ericsson may make Digital goodwill impairment after revamp

STOCKHOLM (Reuters) - Ericsson said on Friday it may have to book a goodwill impairment in its struggling digital services and media businesses, potentially hitting the Swedish mobile network equipment maker’s operating income but not its cashflow. FILE PHOTO: Ericsson's flag is seen at the co...

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Toshiba, Western Digital aiming to settle chip dispute next week: sources

TOKYO (Reuters) - Toshiba Corp (6502.T) and Western Digital Corp (WDC.O) have agreed in principle to settle a dispute over the Japanese firm’s plans to sell its $18 billion chip unit and aim to have a final agreement in place next week, sources familiar with the matter said. FILE PHOTO: A logo...

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