Chinese quantum satellite sends 'unbreakable' code

BEIJING (Reuters) - China has sent an "unbreakable" code from a satellite to the Earth, marking the first time space-to-ground quantum key distribution technology has been realized, state media said on Thursday. China launched the world's first quantum satellite last August, to help establish "hack ...

Continue reading

Toshiba wins auditor sign-off, likely avoiding delisting for now

TOKYO (Reuters) - Toshiba Corp has secured its auditor's sign-off on its financial results, likely avoiding an immediate delisting, although its future hung in the balance with no progress in talks to sell its chips business. Toshiba said on Thursday that PriceWaterhouseCoopers Aarata LLC (PwC) had ...

Continue reading

Facebook to launch redesign of video tab, called 'Watch'

SAN FRANCISCO (Reuters) - Facebook Inc said on Wednesday that it plans to redesign how people watch videos on the world's largest social network and it announced plans for a slate of new exclusive shows covering subjects such as sports, travel and cooking. Facebook said it would call the video platf...

Continue reading

Snap shares up ahead of results; options traders eye steep stock swing

SAN FRANCISCO/NEW YORK (Reuters) - Shares of Snap Inc (SNAP.N) rallied on Wednesday as options traders buckled in for the social media company's quarterly results and after an analyst said the beaten-down stock was "getting interesting." Shares of Snap, owner of the popular messaging app Snapchat, h...

Continue reading

Amazon sued by transgender woman, husband for workplace harassment

(Reuters) - A transgender woman and her husband sued Amazon.com Inc (AMZN.O) on Wednesday, accusing the company of subjecting them to severe harassment and physical threats when they both worked at the retailer's warehouse in Kentucky. A group representing the couple said their case was striking giv...

Continue reading

Exclusive: Tesla developing self-driving tech for semi-truck, wants to test in Nevada

SAN FRANCISCO (Reuters) - Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in "platoons" that automatically follow a lead vehicle, and is getting closer to testing a prototype, according to an email discussion of potential road tests between the car company and...

Continue reading

Some U.S. coding boot camps stumble in a crowded field

SAN FRANCISCO, August 9 (Reuters) - The hype is fading for coding "boot camps," for-profit U.S. schools offering graduates entry into the lucrative world of software development. Closures are up in a field now jammed with programs promising to teach students in just weeks the skills needed get hired...

Continue reading

Disney's streaming push seen paying off in the long run

(Reuters) - Walt Disney Co's (DIS.N) plan to plunge into a crowded streaming services market, dominated by pioneer Netflix Inc (NFLX.O), could bring some initial pain, but the strength of the company's content is expected to help it pull through in the long run. Shares of the world's biggest enterta...

Continue reading

Greater China cyber insurance demand to soar after WannaCry attack: AIG

HONG KONG (Reuters) - Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on enquiries received after the "WannaCry ransomware" attack earlier this year, executives at American International Group Inc (AIG.N) said. The U.S. insurer saw an 87 percent ...

Continue reading

U.S. push for freer NAFTA e-commerce meets growing resistance

MEXICO CITY (Reuters) - A U.S. proposal for Mexico and Canada to vastly raise the value of online purchases that can be imported duty-free from stores like Amazon.com (AMZN.O) and eBay (EBAY.O) is emerging as a flashpoint in an upcoming renegotiation of the NAFTA trade deal. Vulnerable industries li...

Continue reading

Hitachi says KKR puts on hold tender offer in planned $2.3 billion takeover of unit

TOKYO (Reuters) - Hitachi Ltd said on Wednesday that U.S. buyout firm KKR has put on hold a planned tender offer for its chip-making equipment and video solution unit, Hitachi Kokusai Electric, that had been scheduled for early August. KKR had announced on April 26 plans to buy 48.33 percent of Hita...

Continue reading

Russia's Yandex sets up e-commerce venture with Sberbank

MOSCOW (Reuters) - Russia's biggest search engine Yandex said on Wednesday it would set up an e-commerce joint venture with Russia's biggest bank Sberbank on the Yandex.Market platform. Sberbank will invest 30 billion rubles ($500.87 million) into Yandex.Market, valuing it at 60 billion rubles, Yand...

Continue reading

U.S. card firm Vantiv clinches $10 billion deal to buy Worldpay

LONDON (Reuters) - U.S. credit card processing company Vantiv moved closer to creating a $29 billion global payments powerhouse on Wednesday with a formal offer to buy Britain's Worldpay for 8 billion pounds ($10 billion). Although the deal was first announced on July 5, it has taken several weeks o...

Continue reading

Japan Display to save $455 million a year from structural reforms

TOKYO (Reuters) - Japan Display Inc on Wednesday said it would reduce 50 billion yen ($455 million) in annual fixed costs through restructuring steps, including consolidating production sites and cutting jobs. The liquid crystal display (LCD) maker said it would cut about 3,500 jobs overseas and 240...

Continue reading

Fidelity allows clients to see digital currencies on its website

NEW YORK (Reuters) - Fidelity Investments Inc has started allowing clients to use its website to view their holdings of bitcoin and other cryptocurrencies held through digital wallet provider Coinbase, the company said on Wednesday. The initiative, previously tested with the Boston-based money manag...

Continue reading

Toshiba shares jump; sources say auditor seen signing off on results

TOKYO (Reuters) - Toshiba Corp's shares jumped more than 9 percent early on Wednesday after sources told Reuters the Japanese conglomerate's auditor was likely to sign off on its annual results. PricewaterhouseCoopers Aarata LLC will give a "qualified opinion" endorsing Toshiba's finances in the fin...

Continue reading

HBO says probe of hack is ongoing

(Reuters) - HBO, the Time Warner Inc (TWX.N) cable network that broadcasts "Game of Thrones," confirmed on Tuesday that it was investigating a hack that it disclosed to employees 10 days ago. “The forensic review is ongoing," HBO said in an emailed statement, noting that it was working with cy...

Continue reading

SoftBank invests $1 billion in sports e-commerce firm Fanatics: sources

SAN FRANCISCO (Reuters) - SoftBank Group Corp is investing $1 billion in Fanatics Inc as a part of a funding round that values the sports e-commerce company at $4.5 billion, according to sources familiar with the matter. The new funding is expected to close later this month, one of the people said, ...

Continue reading

Artist targets Twitter with offline hate tweets

BERLIN (Reuters) - A German-Israeli artist who accuses Twitter of failing to delete hate speech tweets has taken matters into his own hands - by stencilling the offending messages on the road in front of the company's Hamburg headquarters. A post on video-sharing site YouTube showed Shahak Shapira a...

Continue reading

U.S. to review Qualcomm's complaints about Apple iPhone patents

WASHINGTON (Reuters) - U.S. trade officials have agreed to investigate Qualcomm Inc's allegations that Apple Inc infringed on patents with its iPhone7 and other devices, the U.S. International Trade Commission said in a statement on Tuesday. The ITC said it will make its decision "at the earliest pr...

Continue reading

Fired Google memo writer draws scorn, cheers and a job offer

SAN FRANCISCO (Reuters) - The male Google engineer fired for circulating a memo decrying the company's diversity hiring program became the center of a heated debate on sexism, drawing scorn, cheers and even a job offer on Tuesday from WikiLeaks publisher Julian Assange. James Damore confirmed his di...

Continue reading

Arraignment of UK security researcher Hutchins delayed to Monday

MILWAUKEE (Reuters) - U.S. authorities have postponed the arraignment of a British security researcher Marcus Hutchins, credited with neutralizing the global "WannaCry" ransomware attack, in an unrelated hacking case, the U.S. District Court in Milwaukee said on Tuesday. Hutchins, 23, who was arrest...

Continue reading

Uber considering sale of U.S. car-leasing business: source

(Reuters) - Uber Technologies Inc [UBER.UL] is evaluating options for its capital-intensive U.S. car-leasing business, including a sale of the unit, a source familiar with the matter said. Other options for the business - Xchange Leasing - could include a partnership or winding it down by reducing t...

Continue reading

Intel further extends Mobileye offer to mop up outstanding stock

FRANKFURT (Reuters) - Computer chip maker Intel Corp (INTC.O) has further extended its offer to buy out remaining shareholders of Mobileye NV (MBLY.N) after securing 84 percent of the acquisition target's shares, the two companies said on Tuesday. Intel and Mobileye said they had begun a follow-up o...

Continue reading

Let them play: kids glued to phones could save UK, ex-spy chief says

LONDON (Reuters) - Parents who think they are being responsible by limiting their children's time online should think again: they could be putting their kids and Britain's security at a disadvantage, according to a former British spy chief. "If you appear to be spending your holiday unsuccessfully a...

Continue reading

Online retailer ASOS to open second U.S. distribution center

LONDON (Reuters) - British online fashion retailer ASOS is spending $40 million on a second U.S. distribution center to support strong sales growth in what it hopes will become a major market. Established in 2000, ASOS is Britain's most valuable online fashion retailer, with a market capitalization ...

Continue reading

Autonomous cars race narrows on doubts about clear path to profit

FRANKFURT/DETROIT (Reuters) - BMW and Daimler, the world's top luxury carmakers, have announced alliances with suppliers, talking up the virtues of having a bigger pool of engineers to develop a self-driving car. But another motive behind these deals, executives and industry experts told Reuters, is...

Continue reading

Three Hungarian banks targeted by phishing attempts: central bank

BUDAPEST (Reuters) - Three major banks in Hungary have experienced a series of targeted phishing attempts in recent months, the central bank said on Tuesday, without naming the lenders involved. The National Bank of Hungary, which is the regulator for banks and financial markets, said no funds had b...

Continue reading

MidEast ride-hailing firm Careem partners with China's Didi Chuxing

DUBAI (Reuters) - Chinese ride-sharing firm Didi Chuxing has invested in Middle East ride-hailing firm Careem as part of a new partnership agreement between the two companies. Didi is investing in Careem to strengthen the Dubai-based company's position in the market and improve its services, the two...

Continue reading

Google fires employee behind anti-diversity memo

(Reuters) - Alphabet Inc's Google has fired an employee who wrote an internal memo that ascribed gender inequality in the technology industry to biological differences. James Damore, the engineer who wrote the memo, confirmed his dismissal saying that he had been fired for "perpetuating gender stere...

Continue reading