Japan punishes seven cryptocurrency exchanges over regulatory lapses

TOKYO (Reuters) - Japan on Thursday punished seven cryptocurrency exchanges, ordering two of them to suspend business, in an effort to shore up consumer protection after the $530 million theft of digital money from Tokyo-based Coincheck Inc. FILE PHOTO: Cryptocurrency exchange Coincheck's signboard ...

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Great Wall seeks to double vehicle sales by 2025, plans electric car push

BEIJING (Reuters) - China’s Great Wall Motor Co Ltd aims to more than double its annual sales to 2 million vehicles by 2025, with roughly a third of those expected to be all-electric battery cars. FILE PHOTO: A Great Wall Motors Haval HB-02 concept vehicle is presented during the Auto China 20...

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Apple finds more serious supplier problems as its audits expand

(Reuters) - Apple Inc (AAPL.O) said on Wednesday it had found a higher number of serious violations of its labor and environmental policies for suppliers, such as falsifying work hours data, as it expanded the scope of its annual audit of conditions of workers making its iPhones and other products. ...

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Apple finds supplier problems as its audits expand

(Reuters) - Apple Inc said on Wednesday that it had found violations of its labor and environmental policies for suppliers, such falsifying work hours data, as it expanded the scope of its annual audit of conditions of workers making its iPhones and other products. FILE PHOTO: The Apple logo is pict...

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Exclusive: Amazon.com readies move to sell electronics directly in Brazil - sources

SAO PAULO (Reuters) - Amazon.com Inc met in Brazil last week with an array of manufacturers to discuss plans to stock and sell products from consumer electronics to perfume in the country, according to two people that took part in the meetings. FILE PHOTO: An Amazon.com Inc driver stands next to an ...

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Google Maps lets businesses promote themselves as women-led

SAN FRANCISCO (Reuters) - Businesses can now describe themselves in Google Maps listings as being owned, led or founded by women, the Alphabet Inc (GOOGL.O) unit announced Wednesday. FILE PHOTO: The Google Maps app logo is seen on a smartphone in this picture illustration taken September 15, 2017. R...

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Bitcoin falls after SEC warns of 'potentially unlawful' platforms

NEW YORK (Reuters) - Bitcoin fell to a 1-1/2 week low on Wednesday after the U.S. Securities and Exchange Commission warned of “potentially unlawful” systems that trade crypto-currencies, which investors may use with an unearned sense of safety. FILE PHOTO: Bitcoin (virtual currency) coi...

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Senators ask vote machine vendors about Russian access to source code

WASHINGTON (Reuters) - Two Democratic senators on Wednesday asked major vendors of U.S. voting equipment whether they have allowed Russian entities to scrutinize their software, saying the practice could allow Moscow to hack into American elections infrastructure. FILE PHOTO - A child looks through ...

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FBI chief: Corporate hack victims can trust we won't share info

BOSTON (Reuters) - The FBI views companies hit by cyber attacks as victims and will not rush to share their information with other agencies investigating whether they failed to protect customer data, its chief said Wednesday. FILE PHOTO - FBI Director Christopher Wray speaks at the 2018 Boston Confe...

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Twitter takes steps to prevent crypto scams on platform

(Reuters) - Twitter (TWTR.N) is taking measures to prevent cryptocurrency-related accounts from running scams on its platform, the company said on Wednesday. FILE PHOTO: The Twitter logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28,...

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India cabinet approves increasing spectrum cap for mobile carriers

MUMBAI (Reuters) - India’s cabinet approved on Wednesday an increase to the cap on airwaves that a mobile operator can hold to 35 percent from 25 percent, the federal government said in a statement. Based on recommendations of India’s telecoms regulator and the Telecom Commission, the ca...

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Japan to punish several cryptocurrency exchanges: sources

TOKYO (Reuters) - Japan’s financial regulator will slap administrative punishment notices on several cryptocurrency exchanges this week and plans to force some to suspend their business, people with direct knowledge of the matter said on Wednesday. FILE PHOTO: Cryptocurrency exchange Coincheck...

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Amazon offers discount Prime membership to Medicaid recipients

(Reuters) - Amazon.com Inc said on Wednesday it was expanding its discounted Prime membership offer to Medicaid members, the U.S. government’s health insurance program for the poor. FILE PHOTO: Amazon boxes are seen stacked for delivery in Manhattan, New York, U.S., January 29, 2016. REUTERS/M...

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Broadcom to stick with U.S. 5G investment after Qualcomm deal

(Reuters) - Broadcom Ltd (AVGO.O) sought again to soothe U.S. security concerns around its bid for chipmaker Qualcomm Inc (QCOM.O) on Wednesday, saying it would stick with investments aimed at maintaining the United States’ leadership in 5G technology. FILE PHOTO - A sign to the campus offices...

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Broadcom says to stick with U.S. 5G investment after Qualcomm deal

(Reuters) - Singapore-based Broadcom Ltd (AVGO.O) pledged on Wednesday to make the United States the global leader in 5G technology and maintain Qualcomm’s investments in the area after any merger between the two companies. FILE PHOTO - A sign to the campus offices of chip maker Broadcom Ltd, ...

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Japan to punish several cryptocurrency exchanges, halt operations at others: Nikkei

TOKYO (Reuters) - Japan’s financial regulator will this week slap several cryptocurrency exchanges with administrative punishment notices and is considering forcing some to suspend their business, the Nikkei business daily reported on Wednesday. FILE PHOTO: Cryptocurrency exchange Coincheck's ...

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Ireland chooses BNY Mellon to manage Apple escrow fund

DUBLIN (Reuters) - Ireland has chosen Bank of New York Mellon to administer an escrow fund of up to 15 billion euros ($18.6 billion) in disputed taxes that the European Commission ordered the government to collect from Apple. FILE PHOTO: A BNY Mellon sign is seen on their headquarters in New York's ...

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Virtual currencies are commodities, U.S. judge rules

NEW YORK (Reuters) - Virtual currencies like bitcoin can be regulated as commodities by the U.S. Commodity Futures Trading Commission, a federal judge ruled Tuesday. FILE PHOTO: A bitcoin logo is seen at a facility of the Youth and Sports Ministry in Caracas, Venezuela February 23, 2018. REUTERS/Mar...

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BlackBerry sues Facebook, WhatsApp, Instagram over patent infringement

(Reuters) - BlackBerry Ltd on Tuesday filed a patent infringement lawsuit against Facebook Inc and its WhatsApp and Instagram apps, arguing that they copied technology and features from BlackBerry Messenger. FILE PHOTO: A BlackBerry logo is seen during the Mobile World Congress in Barcelona, Spain F...

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U.S. agency proposes nearly $1 billion to revamp Puerto Rico, Virgin Islands communications

WASHINGTON (Reuters) - The chairman of the U.S. telecoms regulator proposed on Tuesday directing $954 million to restore and expand communications networks in Puerto Rico and the U.S. Virgin Islands that were heavily damaged during the 2017 hurricane season. Chairman of the Federal Communications Co...

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YNAP in line with 5-year plan, core profit margins to rise in 2018: CEO

MILAN (Reuters) - Yoox Net-A-Porter (YNAP) (YNAP.MI) is in line with its five-year plan and core profit margins will rise 30-70 basis points in 2018, as revenue is lifted by sales through mobiles and in the Middle East, the group’s chief executive said on Tuesday. Federico Marchetti, CEO of on...

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BlackBerry files lawsuit against Facebook, WhatsApp and Instagram

(Reuters) - BlackBerry Ltd on Tuesday filed a patent infringement lawsuit against social media platforms Facebook Incand its units WhatsApp and Instagram. FILE PHOTO: A BlackBerry logo is seen during the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman BlackBerry said...

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FCC wants nearly $1 billion to revamp Puerto Rico, Virgin Islands communications networks

WASHINGTON (Reuters) - Federal Communications Commission chairman Ajit Pai proposed on Tuesday directing $954 million toward restoring and expanding communications networks in Puerto Rico and the U.S. Virgin Islands heavily damaged during the 2017 hurricane season.  Chairman of the Federal Comm...

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

(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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YNAP's core profit margins to rise 30-70 basis points in 2018: CEO to Reuters

MILAN (Reuters) - Core profit margins at Yoox Net-A-Porter (YNAP) (YNAP.MI) will rise by 30-70 basis points in 2018 and growth at the luxury online retailer will be boosted by mobile sales and those in the Middle East, the group’s chief executive said on Tuesday. Federico Marchetti, CEO of onl...

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Porsche says flying cab technology could be ready within decade

GENEVA (Reuters) - Porsche is studying flying passenger vehicles but expects it could take up to a decade to finalize technology before they can launch in real traffic, its head of development said on Tuesday. The logo of Porsche is seen during the 88th International Motor Show at Palexpo in Geneva,...

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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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