Regulators raid Amazon Japan on suspicion of anti-trust violation

TOKYO (Reuters) - Amazon Japan said on Thursday it had been raided by the Japan Fair Trade Commission on suspicion of possible anti-trust violation. FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo Citing sourc...

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Samsung Electronics says to start building new China memory chip line this month

SEOUL (Reuters) - Samsung Electronics Co Ltd plans to begin building a new memory chip production line in China in late March, a spokesman said on Thursday, as the tech giant ramps up efforts to boost NAND flash technology to meet future demand. FILE PHOTO: The logo of Samsung Electronics is seen at...

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Auto parts maker Magna invests $200 million in Lyft

(Reuters) - Canadian automotive parts supplier Magna International Inc said on Wednesday it will invest $200 million in Lyft Inc and work with the U.S. ride-hailing firm to manufacture self-driving cars. FILE PHOTO - An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, ...

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Tesla says Model S, Model X production efficiency much improved

(Reuters) - Tesla Inc said the number of labor hours needed to produce its Model S and Model X cars have decreased considerably, following the latest report of quality problems that could prevent the carmaker from hitting its production targets. The body of a Tesla Model S is transported by an autom...

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Google, Apple face EU law on business practices

(Reuters) - Online platforms such as Google (GOOGL.O), Apple (AAPL.O) and Amazon (AMZN.O) face new European Union rules on their commercial practices with smaller businesses that use their services, as Brussels seeks to curtail their huge market power. A man looks at the screen of his mobile phone i...

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Google bans cryptocurrency advertising, bitcoin price slumps

LONDON (Reuters) - Alphabet Inc’s (GOOGL.O) Google said on Wednesday it was banning advertisements for cryptocurrencies and initial coin offerings, the latest internet company to clamp down on the sector amid growing concerns about scams. Google’s action, which takes effect in June and f...

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Disney creates streaming video unit for digital future

LOS ANGELES (Reuters) - Walt Disney Co (DIS.N) said on Wednesday it had created a new unit for its streaming video and international businesses as the company retools its traditional media operation for a world rapidly embracing online video. A screen shows the logo and a ticker symbol for The Walt ...

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Disney reorganizes businesses, creates direct-to-consumer unit

LOS ANGELES (Reuters) - Walt Disney Co announced a reorganization on Wednesday that will create a new direct-to-consumer and international unit as the entertainment company adapts to a rapid shift toward online and mobile viewing. A screen shows the logo and a ticker symbol for The Walt Disney Compa...

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Bitcoin exchange reaches deal with Barclays for UK transactions

LONDON (Reuters) - One of the biggest bitcoin exchanges has struck a rare deal which will allow it to open a bank account with Britain’s Barclays, making it easier for UK customers of the exchange to buy and sell cryptocurrencies, the UK boss of the exchange said on Wednesday. Workers are seen...

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Facebook bans far-right group Britain First for inciting hatred

LONDON (Reuters) - Facebook said it banned Britain First from its platform for breaking rules against inciting hatred, blacklisting a far-right group brought to global attention when U.S. President Donald Trump retweeted its anti-Islamic posts. Balloons are seen in front of a logo at Facebook's head...

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Broadcom ends bid for Qualcomm after President Trump nixes deal

(Reuters) - Singapore-based Broadcom Ltd withdrew its $117 billion bid to acquire Qualcomm Inc on Wednesday, two days after U.S. President Donald Trump blocked the attempt citing national security concerns. Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, Californi...

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Walmart expands home delivery in fight with Amazon

NEW YORK (Reuters) - Walmart Inc will expand its grocery home delivery services to more than 100 metro areas this year from an existing six cities as the retailer steps up a fight against rival Amazon.com Inc. A Wal-Mart Pickup-Grocery employee waits next to a truck at a test store in Bentonville, A...

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Broadcom ends bid for Qualcomm

(Reuters) - Singapore-based Broadcom Ltd on Wednesday withdrew its $117 billion bid to acquire Qualcomm Inc, two days after U.S. President Donald Trump blocked the attempt, citing national security concerns. Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, Californ...

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France to sue Google, Apple over developer contracts: minister

PARIS (Reuters) - France will take Google (GOOGL.O) and Apple (AAPL.O) to court over contractual terms imposed by the tech giants on startups and developers, said Finance Minister Bruno Le Maire. FILE PHOTO: French Finance Minister Bruno Le Maire speaks during a news conference after a National Coun...

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Google to ban ads on cryptocurrencies, related products

(Reuters) - Alphabet Inc’s (GOOGL.O) Google said on Wednesday it will ban advertisements for cryptocurrencies and related content starting in June. The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017. REUTERS/Mike Blake Under the new policy, the compa...

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Broadcom to end bid for Qualcomm, keeps plan to move to U.S.: sources

(Reuters) - Singapore-based Broadcom Ltd (AVGO.O) is planning to scrap its bid for Qualcomm Inc (QCOM.O), after U.S. President Donald Trump blocked the chipmaker’s proposed acquisition on national security grounds earlier this week, although it will press on with its plan to move its base to t...

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YouTube to display Wikipedia blurbs alongside conspiracy videos

SAN FRANCISCO (Reuters) - YouTube will begin displaying text from Wikipedia articles and other websites alongside some videos in a couple of weeks as the unit of Alphabet Inc’s (GOOGL.O) Google attempts to combat hoaxes and conspiracy theories on the service, its chief executive said on Tuesda...

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Amazon launches first debit card in Mexico e-commerce push

MEXICO CITY (Reuters) - Amazon.com Inc launched its first-ever debit card on Tuesday in Mexico, part of a push to encourage shoppers without bank accounts to buy online. The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration Internet...

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Judge rejects U.S. demand to exclude AT&T argument in Time Warner merger trial

WASHINGTON (Reuters) - AT&T Inc (T.N) can cite a voluntary commitment not to withhold content in licensing talks as a key part of its defense when an antitrust trial begins next week over the fate of the company’s planned $85 billion merger with Time Warner Inc (TWX.N), U.S. District Judge...

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Exclusive: G20 financial heads to urge crypto-asset monitoring to safeguard financial stability

BRUSSELS (Reuters) - The world’s financial leaders will call on international standard-setting bodies on March 20 for stronger monitoring of crypto-assets and to assess the need for a multilateral response as such assets could at some point threaten financial stability. Cryptocurrencies are se...

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Digital currency sales face rocky path with more regulatory focus

NEW YORK (Reuters) - A global regulatory crackdown on cryptocurrencies created by startups to finance new projects could slow the pace of virtual currency sales as questions mount about their transparency and the risk of scams for investors. FILE PHOTO - A bitcoin logo is seen at a facility of the Y...

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U.S. wants judge to exclude key AT&T argument in Time Warner merger trial

WASHINGTON (Reuters) - The U.S. Justice Department wants a judge to bar AT&T Inc (T.N) from using a voluntary commitment it made on licensing content as part of its defense when an antitrust trial begins next week over the fate of the company’s planned $85 billion merger with Time Warner I...

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Britain to consider taxing digital giants' revenue

LONDON (Reuters) - Britain said it was considering taxing the revenues of internet companies like Facebook (FB.O) and Google (GOOGL.O) until international tax rules are changed to cope with digital firms that can shift sales and profits between jurisdictions. A giant logo is seen at Facebook's headq...

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Broadcom to stay on deal path after Qualcomm halt: analysts

(Reuters) - Broadcom Ltd’s (AVGO.O) Chief Executive Hock Tan is unlikely to put the brakes on his acquisition spree after the microchip maker’s $117 billion bid for Qualcomm Inc (QCOM.O) was blocked by U.S. President Donald Trump on national security grounds, analysts said on Tuesday. Ho...

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Exclusive: Fitness app Strava overhauls map that revealed military positions

SAN FRANCISCO (Reuters) - Fitness-tracking app Strava said starting on Tuesday it will restrict access to an online map that shows where people run, cycle and swim and remove some data after researchers found it inadvertently revealed military posts and other sensitive sites. Strava’s heat map...

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Spotify enters South African market

JOHANNESBURG (Reuters) - Global music streaming provider Spotify is set to launch its services in South Africa on Tuesday, marking its entry into Africa, where there is a rapid uptake of smartphones and improving telecommunications infrastructure. FILE PHOTO: Headphones are seen in front of a logo o...

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Broadcom's ambitious chief will shift target after Qualcomm halt: analysts

(Reuters) - Broadcom Ltd, led by dynamic Chief Executive Hock Tan, is unlikely to put the brakes on an acquisition spree after its $117 billion bid for Qualcomm Inc was blocked by U.S. President Donald Trump on national security grounds. Hock Tan, CEO of Broadcom, speaks on the floor of the New York...

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South Dakota urges Supreme Court to click 'buy' on internet sales tax

PIERRE, South Dakota (Reuters) - The woman walked into Cash Hogen’s hardware store last fall to ask a single question about a KitchenAid mixer on display: What did the manufacturer call that color scheme? “Tangerine,” replied Hogen. And with that, the woman walked out. It is a kind...

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Apple, Google see reputation of corporate brands tumble in survey

(Reuters) - Apple Inc and Alphabet Inc’s Google corporate brands dropped in an annual survey while Amazon.com Inc maintained the top spot for the third consecutive year, and electric carmaker Telsa Inc rocketed higher after sending a red Roadster into space. A woman looks at the screen of her ...

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Spain's Amazon workers call two-day strike over wages, rights

MADRID (Reuters) - Over one thousand Amazon (AMZN.O) workers in Spain plan to stage their first strike with a two-day walkout to protest what unions claim are efforts to reduce employees’ rights, union Comisiones Obreras (CCOO) said on Tuesday. FILE PHOTO - Products are moved on conveyer belts...

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