U.S. senators voice concern over Chinese access to intellectual property

WASHINGTON (Reuters) - Leaders of the U.S. Senate Intelligence Committee said on Tuesday they were concerned about what they described as China’s efforts to gain access to sensitive U.S. technologies and intellectual property through Chinese companies with government ties. Senator Richard Burr...

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Telegram app was targeted by crypto mining malware, Kaspersky Lab says

MOSCOW (Reuters) - Previously undetected malware directed at users of the desktop version of the messaging app Telegram has been discovered by the Russian security firm Kaspersky Lab, Kaspersky said on Tuesday. The malicious software has been used to target Russian users since March 2017, Kaspersky ...

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Google to debut emails that automatically update

SAN FRANCISCO (Reuters) - Gmail is about to get dynamic. Alphabet Inc’s (GOOGL.O) Google on Tuesday plans to demonstrate a software programming system that would enable emails to feature continuously updating information and greater interactivity. Users could see automatically updated flight i...

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Daimler warns of supply chain risk from switch to electric cars

FRANKFURT (Reuters) - Daimler AG, owner of the Mercedes-Benz brand, warned that a fall in demand for diesel cars and a switch to electric vehicles could force it to prop up its supplier base.

UK initiative seeks Israeli digital health tech to assist NHS

TEL AVIV (Reuters) - The British embassy in Israel said on Tuesday it has launched a program designed to help incorporate Israeli digital health technology into the UK and its National Health Service (NHS).

Russia says hackers stole more than $17 million from its banks in 2017

MAGNITOGORSK, Russia (Reuters) - Hackers stole more than 1 billion roubles ($17 million) from Russian banks using the Cobalt Strike security-testing tool in 2017, a central bank official said on Tuesday. Russia is under intense scrutiny over cyber crime following allegations hackers backed by Moscow...

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IBM sues former HR boss hired by Microsoft

(Reuters) - International Business Machines Corp sued its former executive Lindsay-Rae McIntyre, who was named Microsoft Corp’s new chief diversity officer over the weekend, alleging violation of a one-year non-competitive agreement. McIntyre, who “abruptly resigned to compete against IB...

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Icahn, Deason urge Xerox shareholders to oppose Fujifilm deal

(Reuters) - Xerox Corp’s plan to sell itself to Japan’s Fujifilm Holdings has come under further pressure with Carl Icahn and Darwin Deason urging fellow shareholders to oppose the $6.1 billion deal. The activist shareholders, who own a combined 15 percent of the U.S. printer and copier ...

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South Korea's Samsung Elec extends gains to more than 5 percent

SEOUL (Reuters) - Shares in South Korean tech giant Samsung Electronics jumped more than 5 percent on Tuesday amid strong buying by foreign investors. Samsung shares fell heavily last week as the local bourse was hit by losses on Wall Street, but were now being supported by bargain hunting, analysts...

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Google hires former Samsung executive to coordinate Internet of Things projects

SAN FRANCISCO (Reuters) - Alphabet Inc’s Google this month hired Injong Rhee, who recently resigned as Samsung Electronics Co’s chief technology officer, to lead its Internet of Things business, he said in a LinkedIn post Monday. Google spokeswoman Jane Hynes confirmed to Reuters Rhee&rs...

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Cryptocurrency traders to launch lawsuit against Coincheck on Thursday: lawyer

TOKYO (Reuters) - A group of cryptocurrency traders will file a lawsuit against Coincheck Inc on Thursday over last month’s theft of $530 million (£382 million) in digital money from the Tokyo-based exchange, a lawyer representing the claimants said. The ten traders will file the claim a...

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For advertisers, Snapchat's got the kids

SAN FRANCISCO (Reuters) - Social network Instagram has come to look more like rival Snapchat after copying some of its features, but marketers say Snapchat’s younger audience and safeguards against poor placement drive enthusiasm for advertising on the smaller app. Expectations for Snapchat&rs...

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Japan's Coincheck set to report to regulators over $530 million cryptocurrency heist

TOKYO (Reuters) - Japanese cryptocurrency exchange Coincheck Inc, stung by the theft of $530 million (383.34 million pounds) of digital money last month, is expected on Tuesday to file a report with regulators on the hacking. The Financial Services Agency ordered Coincheck to raise its standards aft...

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Cryptocurrency investors flock to Puerto Rico Investment Summit

SAN JUAN, Puerto Rico (Reuters) - Puerto Rico’s annual investment summit, a two-day conference to woo investors to the bankrupt U.S. territory and the first since Hurricane Maria devastated the island, sported some new faces, particularly from the fast-growing cryptocurrency world.   &nbs...

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Grocery delivery startup Instacart raises $200 million and prepares to battle Amazon

SAN FRANCISCO (Reuters) - Grocery delivery service Instacart has raised $200 million in fresh funding, the company said on Monday, boosting its valuation and providing new resources for the startup to compete against heavyweight Amazon.com Inc. Instacart, a San Francisco-based company that shops for...

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'Olympic Destroyer' malware targeted Pyeongchang Games: firms

(Reuters) - Several U.S. cyber security firms said on Monday that they had uncovered a computer virus dubbed “Olympic Destroyer” that was likely used in an attack on Friday’s opening ceremony of the Pyeongchang Winter Games. Games Organizers confirmed the attack on Sunday, saying t...

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Amazon cutting hundreds of Seattle jobs in its consumer business: source

(Reuters) - Amazon.com Inc (AMZN.O) is cutting hundreds of jobs in its consumer business in Seattle, a person familiar with the matter said on Monday, as the company shifts resources into fast-growing areas like its work on voice assistant Alexa. The job cuts, rare for the world’s largest onli...

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Amazon cutting hundreds of jobs: Seattle Times

(Reuters) - Amazon.com Inc (AMZN.O) is cutting hundreds of jobs in its headquarters at Seattle and in its global operations, the Seattle Times reported, citing one person familiar with the matter. The layoffs are primarily focused on the online giant’s consumer retail businesses, the Seat...

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German court rules Facebook use of personal data illegal

BERLIN (Reuters) - A German consumer rights group said on Monday that a court had found Facebook’s (FB.O) use of personal data to be illegal because the U.S. social media platform did not adequately secure the informed consent of its users. The verdict, from a Berlin regional court, comes as B...

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British watchdog tells computer traders to tighten controls

LONDON (Reuters) - Some firms using computers to trade at ultra-fast speeds are not applying safeguards required to avert market meltdowns, Britain’s Financial Conduct Authority said on Monday. Algorithmic or high-frequency trading uses computers to automatically place an order in financial ma...

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A culprit for financial site glitches: you and your apps

BOSTON (Reuters) - Jittery investors and their smartphones stressed out leading U.S. online financial sites last week as heavy volatility shook markets, technology analysts said. Major firms including Vanguard Group, TD Ameritrade Holding Corp (AMTD.O) and Fidelity Investments reported service slowd...

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Foxconn to use proceeds from unit's Shanghai IPO to fund $4 billion projects

HONG KONG (Reuters) - Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, said it plans to use proceeds from a Shanghai listing of one if its subsidiaries to fund eight projects totaling 27.3 billion yuan ($4 billion). In January, Foxconn, formally known as Hon Hai P...

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Exclusive: Amazon paid $90 million for camera maker's chip technology - sources

SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) paid about $90 million to acquire the maker of Blink home security cameras late last year, in a secret bet on the startup’s energy-efficient chips, people familiar with the matter told Reuters. The deal’s rationale and price tag, previous...

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Indonesia's Astra joins in fund raising for Go-Jek

JAKARTA (Reuters) - Indonesian conglomerate Astra International said on Monday it will invest $150 million in Go-Jek, joining the likes of Alphabet Inc’s Google in the ride-hailing start-up’s latest fundraising round. Astra Chief Executive Prijono Sugiarto said the group had wanted to in...

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Alibaba signs deal to offer Disney shows on video platforms

SINGAPORE (Reuters) - Alibaba Group Holding Ltd’s entertainment arm has signed a licensing agreement with Walt Disney Co in a deal that will provide the Chinese group’s Youku video streaming platform with the largest Disney animation collection in China. Alibaba said in a press release o...

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Coincheck heist sheds light on Japan's rush to create cryptocurrency rules

TOKYO (Reuters) - After the Mt. Gox cryptocurrency exchange was stung by a half-billion dollar theft in 2014, Japanese regulators swung into action. Their goal was to craft rules that both protected traders and allowed a promising sector to flourish. By last April, thought they had arrived at a set ...

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Qualcomm, Broadcom plan to meet on February 14: sources

(Reuters) - Qualcomm Inc (QCOM.O) and Broadcom Ltd (AVGO.O) plan to meet on Wednesday to talk about the latter’s $121 billion acquisition offer, the first time the semiconductor companies will discuss the potential deal, people familiar with the matter said. The meeting comes after Broadcom ra...

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U.S., UK government websites infected with crypto-mining malware: report

(Reuters) - Thousands of websites, including ones run by U.S. and UK government agencies, were infected for several hours on Sunday with code that causes web browsers to secretly mine digital currencies, technology news site The Register reported. More than 4,200 sites were infected with a malicious...

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Games organizers confirm cyber attack, won't reveal source

PYEONGCHANG, South Korea (Reuters) - Pyeongchang Winter Olympics organizers confirmed on Sunday that the Games had fallen victim to a cyber attack during Friday’s opening ceremony, but they refused to reveal the source. The Games’ systems, including the internet and television services, ...

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Pyeongchang Games organizers probe possible cyberattack

PYEONGCHANG (Reuters) - Pyeongchang Olympics organizers were looking into a disruption of non-critical systems on the day of the opening ceremony but could not yet confirm if it was a cyberattack, Games spokesman Sung Baik-you said on Saturday. The Winter Olympics opened with a spectacular ceremony ...

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