Geta load of this, Chinese robot parks your car for you

The dreaded act of parallel parking could soon become a thing of the past with Chinese inventors backing their new parking robot to take away the stress for anxious drivers. The laser-guided "Geta" (get a car) robot slides under your vehicle, picks it up, finds a parking space in the lot and places ...

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Samsung Electronics set for best quarter in over two years on second-quarter smartphone boost

Tech giant Samsung Electronics Co Ltd is poised to issue guidance for its best quarterly profit in more than two years, propelled by a surge in mobile earnings on the back of robust sales of its flagship Galaxy S7 smartphones. The South Korean giant will disclose its estimates for second-quarter ear...

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Monsanto, Microsoft to invest in agricultural technology in Brazil

U.S. biotech company Monsanto Co and Microsoft Corp announced on Monday a partnership to invest in agricultural technology startups in Brazil. Monsanto will join a Brazilian investment fund with up to 300 million reais ($92 million), managed by Microsoft, evaluating ideas for new digital tools to be...

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Israel's high tech boom threatened by shallow labor pool

In the high tech hub of Tel Aviv, where companies have been responsible for ground-breaking advances like the USB stick, Or Offer never thought it would be hard to find workers for his fast-growing Internet data firm SimilarWeb. But an alarming lack of engineers, technicians and even doctors, which ...

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In race to be Asia's fintech hub, Singapore leads Hong Kong

A general view of the skyline of the central business district in Singapore June 29, 2016. Picture taken June 29, 2016. Reuters/Edgar Su Singapore is rushing to reinvent itself as Asia's financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and reviv...

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Tax haven route won't work for post-Brexit UK, OECD says

The United Kingdom is unlikely to try to lure international investment by becoming a tax haven after it leaves the European Union, according to an internal memo prepared by the body responsible for the drafting international tax rules. The head of tax at the Organization for Economic Co-operation an...

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Facebook defends position on content standards after Israeli censure

Facebook is doing its share to remove abusive content from the social network, it said on Sunday in an apparent rejection of Israeli allegations that it was uncooperative in stemming messages that might spur Palestinian violence. Beset by a 10-month-old surge in Palestinian street attacks, Israel sa...

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Israeli minister says Facebook a 'monster', hindering security

Computer screens display the Facebook sign-in screen in this photo illustration taken in Golden, Colorado, United States July 28, 2015. Reuters/Rick Wilking/File Photo Israel's Minister of Internal Security on Saturday accused Facebook (FB.O) and its founder, Mark Zuckerberg, of not doing enough to ...

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Tesla crash raises concerns about autonomous vehicle regulation

The fatal crash of a Tesla Motors Inc Model S in Autopilot mode has turned up pressure on auto industry executives and regulators to ensure that automated driving technology is deployed safely. The first such known accident, which occurred in Florida in May, has highlighted tensions surrounding effo...

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DVD player found in Tesla car in May crash: Florida officials

A digital video disc player was found in the Tesla car that was on autopilot when its driver was killed in a collision with a truck in May, Florida Highway Patrol officials said on Friday. "There was a portable DVD player in the vehicle," said Sergeant Kim Montes of the FHP in a telephone interview....

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Sleeping driver, terrified granny among Tesla Autopilot users on YouTube

The Tesla Model S version 7.0 software update containing Autopilot features is demonstrated during a Tesla event in Palo Alto, California, U.S., October 14, 2015. Reuters/Beck Diefenbach/File Photo A sleeping driver and a terrified granny are among the many people who appear in popular YouTube video...

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Alibaba launches new anti-fake drive, urges brands to help out

An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, Zhejiang province. Reuters/Chance Chan Chinese e-commerce giant Alibaba Group Holding Ltd on Friday went public with a new drive to display its determination to stamp out fake...

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Spotify hits out at Apple after updated app for iPhones rejected

Earphones are seen on a tablet screen with a Spotify logo on it, in Zenica, Bosnia and Herzegovina, February 20, 2014. Reuters/Dado Ruvic/File Photo Spotify confirmed on Friday that it has complained to Apple Inc (AAPL.O) after the U.S. tech giant rejected an updated app for the Swedish music stream...

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BMW to develop driverless car technology with Intel, Mobileye

The logo of German manufacturer BMW is seen at a 1957 BMW 503 Coupe Serie 1 car during a preview of an auction by Swiss Oldtimer Galerie International in Zurich, Switzerland June 10, 2016. Reuters/Arnd Wiegmann BMW (BMWG.DE) is teaming up with Intel (INTC.O) and Mobileye (MBLY.N) to develop new tech...

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ING planning Europe-wide website as one-stop shop for customers

People stand near the logo of ING Group NV at a branch office in Amsterdam January 9, 2014. Reuters/Toussaint Kluiters/United Photos ING Group (ING.AS) is working on a Europe-wide platform enabling customers to handle all their bank accounts, including money transfers, in one place, in response to u...

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Germany boosts funds for faster internet to 4 billion euros

Germany will make an additional 1.3 billion ($1.45 billion) euros in funding available to expand broadband internet access to poorly-connected regions, the Transport and Digital Infrastructure Ministry said on Friday. The government announced plans last October to spend 2.7 billion euros as part of ...

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China's JD.com says Brexit could boost imports of British goods

A sign of China's e-commerce company JD.com is seen at CES (Consumer Electronics Show) Asia 2016 in Shanghai, China, May 12, 2016. Reuters/Aly Song/File Photo Chinese online retailer JD.com said on Friday that Britain leaving the European Union could make British goods cheaper to buy but it was prem...

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Australia's Telstra blames year's seventh internet outage on faulty device

A man and power lines are reflected in a Telstra poster adorning a public telephone in Sydney, Australia, August 13, 2015. Reuters/David Gray Businesses in one of Australia's biggest states suffered an internet outage for more than six hours, thanks to a faulty network device, the country's No. 1 te...

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How MTN sliced billions off its Nigerian telecoms fine

Telecoms firm MTN hired former U.S. Attorney General Eric Holder in January to help it reduce a $3.9 billion fine imposed in Nigeria over unregistered SIM cards. Five months later, it struck a deal to pay less than half of that. The entrance of Holder, who stood down as attorney general last year af...

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China's ZTE to set up $180 million fund to invest in tech start-ups

A ZTE smartphone Grand S is displayed during a news conference in Taipei October 12, 2013. Reuters/Pichi Chuang Chinese telecom equipment maker ZTE Corp will set up a 1.2 billion yuan ($180.38 million) fund to invest in private technology, media and communication start-ups and diversify its business...

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Brazil court blocks Facebook funds over WhatsApp dispute: report

An illustration photo shows the Whatsapp application logo on a mobile phone in Rio de Janeiro, Brazil, May 2, 2016. Reuters/Nacho Doce A court in Brazil on Thursday blocked 19.5 million reais ($6.07 million) in Facebook Inc funds after the U.S-based social networking company's WhatsApp messaging ser...

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Oracle ordered to pay HP $3 billion in Itanium case

The Oracle logo is seen on its campus in Redwood City, California June 15, 2015. Reuters/Robert Galbraith/File Photo A California jury ordered Oracle Corp (ORCL.N) to pay Hewlett-Packard Enterprise Co (HPE.N) $3 billion in damages in a case over HP's Itanium servers, an Oracle spokeswoman said on Th...

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Uber, Lyft settlement did not require either side to pay: sources

A Lyft Glowstache is seen inside a car during a photo opportunity in San Francisco, California February 3, 2016. Reuters/Stephen Lam A pitched legal battle between ride-hailing rivals Uber and Lyft, involving accusations of hacking and corporate spying, ended with a settlement this week that did not...

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U.S. opens investigation into Tesla after fatal crash in Autopilot mode

New Autopilot features are demonstrated in a Tesla Model S during a Tesla event in Palo Alto, California October 14, 2015. Reuters/Beck Diefenbach The U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday it is opening a preliminary investigation into 25,000 Tesla Motors (TSLA...

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Google's diversity efforts show scant progress

A woman holds her smart phone which displays the Google home page, in this picture illustration taken February 24, 2016. Reuters/Eric Gaillard/Illustration/File Photo Alphabet's Google on Thursday released data on its two-year-old initiative to create a more diverse U.S. workforce, saying it had mor...

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Chipmaker Micron to cut jobs, reports drop in third-quarter sales

The logo of U.S. memory chip maker MicronTechnology is pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. Reuters/Kai Pfaffenbach Memory-chip maker Micron Technology Inc said it would implement a restructuring plan to lower costs by focusing on fewer projects, job cu...

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Ukraine central bank flagged cyber-attack in April: memo

The headquarters of Ukrainian central bank is seen in central Kiev, Ukraine, March 10, 2016. Reuters/Valentyn Ogirenko/Files Ukraine's central bank urged lenders in April to review security procedures, saying thieves had attempted to steal money from a Ukrainian bank using fraudulent SWIFT transfers...

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Hertz signs rental deals with Uber and Lyft

A Hertz rental car sign is placed outside a rental lot near Detroit Metropolitan airport in Romulus, Michigan May 9, 2011. Reuters/Rebecca Cook Hertz Global Holdings Inc said it has reached deals with the two largest U.S. ride-hailing companies, Uber Technologies Inc [UBER.UL] and Lyft Inc, to rent ...

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Saudi Arabia to introduce hi-tech bracelets in haj safety push

Muslim pilgrims pray around the holy Kaaba at the Grand Mosque ahead of the annual haj pilgrimage in Mecca September 21, 2015. Reuters/Ahmad Masood Saudi Arabia will introduce electronic identification bracelets for all pilgrims to Mecca starting this year, Saudi media said on Thursday, as part of a...

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Uber driver data in Kenya helps bridge credit gap

Sidian Bank has approved its first car loans to experienced Uber [UBER.UL] drivers in Kenya, using a model the ride hailing service hopes can be rolled out across countries in Africa where a lack of customer data limits lending. Getting loans is one of the main hurdles facing small businesses and in...

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