U.S. judge says Uber withheld evidence, delays Waymo trial

SAN FRANCISCO (Reuters) - A U.S. judge on Tuesday said Uber Technologies Inc had withheld evidence from him and granted a request from Alphabet Inc’s Waymo self-driving car unit to delay a trade secrets trial that had been scheduled to begin next week. FILE PHOTO: Uber's logo is pictured at it...

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Bitcoin exchange bitFlyer launches in U.S.

(Reuters) - Tokyo-based bitFlyer will launch a virtual currency exchange platform in the United States, the bitcoin exchange operator said on Tuesday. A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruv...

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Dark web drug market growing rapidly in Europe: report

LISBON (Reuters) - The illegal drug trade on the dark web is growing rapidly, despite authorities shutting down major market sites like AlphaBay, as crime gangs diversify and seek new clients online, a report by two European Union agencies warned on Tuesday. The report, which is the first of its kin...

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Google adds 'finance' tab to search filters, revamps Google Finance

(Reuters) - Alphabet Inc said on Tuesday users doing a Google search would now be able to filter results with a new “finance” tab, which works in the same way that its “images” or “news” tab does. FILE PHOTO - The Google logo is pictured atop an office building in...

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Amazon is a potential customer, says Textron aviation chief

(Reuters) - Textron Inc sees Amazon.com Inc as a potential customer, the head of the company’s aviation business told CNBC on Tuesday, given the increased need for freight and transport with a booming ecommerce industry. FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery tr...

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BoE says banks may be underestimating fintech threat

LONDON (Reuters) - Britain’s banks may be overstating their ability to stop “fintech” firms stealing customers and eating into profits, the Bank of England (BoE) said on Tuesday. The Bank of England is seen through the columns of the Royal Exchange in the City of London, Britain, N...

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Indian telecom regulator backs net neutrality with recommendations

MUMBAI/NEW DELHI (Reuters) - India’s telecom regulator has made recommendations to ensure an open internet in the country and prevent any discrimination in internet access in a long-awaited report, after debating the issue of net neutrality for more than a year. The Telecom Regulatory Authorit...

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Microsoft, SAP to use and sell more of each other's cloud services

LONDON (Reuters) - Business software giants Microsoft Corp and SAP SE have agreed to expand the use of each other’s cloud-based products and services delivered via the internet, they said on Tuesday, as they laid out a common product road map for joint customers. A Microsoft logo is seen in Lo...

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Indian telecom regulator recommends rules in support of net neutrality

MUMBAI (Reuters) - India’s telecom regulator on Tuesday recommended explicit restrictions on any discrimination in internet access as part of its much-awaited recommendations on net neutrality. The Telecom Regulatory Authority of India (TRAI) said it was not in favor of any “discriminato...

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Pressured for profit, oil majors bet big on shale technology

HOUSTON (Reuters) - Shale oil engineer Oscar Portillo spends his days drilling as many as five wells at once - without ever setting foot on a rig. FILE PHOTO - A drilling rig owned by Parsley Energy Inc. seen near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder/File Photo Part of a team...

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Global crypto-currency crackdown sparks search for safe havens

NEW YORK (Reuters) - When U.S. entrepreneur Bharath Rao looked around for the best place to raise money for his crypto-currency derivatives trading business, the United States did not make his list. Instead he chose the East African island nation Seychelles to sell the trading platform’s token...

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China racing for AI military edge over U.S.: report

WASHINGTON (Reuters) - A research arm of the U.S. intelligence community just wrapped up a competition to see who could develop the best facial recognition technology. The challenge: identify as many passengers as possible walking on an aircraft boarding ramp. Of all the entries, it was a Chinese st...

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SoftBank offers to buy Uber shares at 30 percent discount

SAN FRANCISCO (Reuters) - Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday. The logo of SoftBank Group Corp is...

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SoftBank offering to buy Uber shares at 30 percent discount

SAN FRANCISCO (Reuters) - Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday. The logo of SoftBank Group Corp is...

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Waymo seeks delay of Uber trade secrets trial over new evidence

SAN FRANCISCO (Reuters) - Alphabet’s Inc Waymo self-driving car unit asked a U.S. judge on Monday to postpone an upcoming trade secrets trial against Uber Technologies Inc, so Waymo could investigate whether Uber withheld important evidence in the case. FILE PHOTO - The Waymo logo is displayed...

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SoftBank offering to buy Uber shares at 30 percent discount: source

SAN FRANCISCO (Reuters) - Japan’s SoftBank Group Corp (9984.T) is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday. The logo of SoftBank Grou...

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Internet businesses ask U.S. to keep net neutrality rules

WASHINGTON (Reuters) - AirBnb, Reddit, Shutterstock, Inc, Tumblr, Etsy (ETSY.O), Twitter (TWTR.N) and a long list of small internet companies urged the Federal Communications Commission on Monday to scrap a plan to roll back net neutrality rules. FILE PHOTO: Ajit Pai, Chairman of the Federal Communi...

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Siemens, Trimble, Moody's breached by Chinese hackers, U.S. charges

PITTSBURGH, Pa./NEW YORK (Reuters) - Three people affiliated with a Chinese cyber security firm hacked into the networks of Siemens AG, Trimble Inc and Moody’s Analytics to steal business secrets, U.S. prosecutors said on Monday. FILE PHOTO - Siemens AG logo is seen during official opening of ...

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U.S. charges three Chinese with hacking Siemens, Trimble, Moody's

(Reuters) - A U.S. jury has indicted three people affiliated with a Chinese cyber security firm on computer fraud charges, saying they hacked into the networks of Siemens AG, Trimble Inc and Moodys Analytics. The indictment, which was unsealed on Monday, charged that three defendants and others part...

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German domestic spy agency hits out at Silicon Valley

BERLIN (Reuters) - The head of Germany’s domestic intelligence agency accused U.S. tech giants like Facebook (FB.O) on Monday of failing to take enough responsibility for content on their sites, undermining democracy by not distinguishing between fact and opinion. The Facebook application is s...

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Shared self-driving cars could slash demand for U.S. sedans: study

DETROIT (Reuters) - Ride services using self-driving vehicles could slash by more than half demand for owner-driven sedans in the United States by 2030, according to a study released Monday by consulting firm KPMG that used cellphone data to map commuter travel in three large U.S. cities. The KPMG r...

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Facebook to expand artificial intelligence to help prevent suicide

SAN FRANCISCO (Reuters) - Facebook Inc will expand its pattern recognition software to other countries after successful tests in the U.S. to detect users with suicidal intent, the world’s largest social media network said on Monday. FILE PHOTO: A 3D plastic representation of the Facebook logo ...

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Israeli cybersecurity firm Illusive gets deal with OakNorth bank

TEL AVIV (Reuters) - Illusive Networks, an Israeli cyber security firm specializing in “deception technology”, said on Monday it signed a deal to provide its platform to British specialist bank OakNorth. Financial details were not disclosed. Illusive’s technology lures hackers by b...

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Court halts Uber's trial program in Israel

TEL AVIV (Reuters) - A court in Israel ordered Uber on Monday to halt a trial program in the Tel Aviv area that the U.S. ride-hailing company had hoped would pave the way for its full operations in the country. Uber's logo is pictured at its office in Tokyo, Japan, November 27, 2017. REUTERS/Kim Kyu...

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Google seeks to defuse row with Russia over website rankings

MOSCOW (Reuters) - Google does not change its search algorithm to re-rank individual websites, it said in a letter to Russia’s communications watchdog, after Moscow expressed concerns the search engine might discriminate against Russian media. The Google logo is pictured atop an office buildin...

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Philippines' PLDT says its digital unit may bring in a Chinese partner

MANILA (Reuters) - PLDT Inc, one of only two wireless carriers in the Philippines, said on Monday its digital applications unit could bring in a Chinese partner and even PLDT itself is open to tying up with a mainland firm. The comments by PLDT Chairman Manuel Pangilinan come as a shakeup looms for ...

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Google says no changes in algorithm to re-rank websites: Russian watchdog

MOSCOW (Reuters) - Russian communications watchdog Roskomnadzor said on Monday it had been informed by Google that the search engine does not change its algorithm to re-rank individual websites. The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017. REUTERS/M...

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Bubble or breakthrough? Bitcoin keeps central bankers on edge

FRANKFURT (Reuters) - Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble. Bitcoin (virtual currency) coins placed on Dollar banknotes, next to computer keyboard, are seen in this illustration picture, November 6, 2017. REUTERS/Dado Ruvic/Illustration But it keeps ...

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Exclusive: Cyber Monday showdown - Wal-Mart closes in on Amazon in online price war

(Reuters) - Wal-Mart Stores Inc is within striking distance of matching Amazon.com Inc’s online prices for the first time, a key milestone in its effort to regain the “low price leader” title. Workers process outgoing shipments at an Amazon Fulfillment Center on Cyber Monday in Tra...

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Shell and carmakers aim to go the distance with highway charging

LONDON (Reuters) - Royal Dutch Shell (RDSa.L) has partnered with top carmakers to deploy ultra-fast chargers on Europe’s highways, stealing a march on rivals in the race to remove one of the biggest obstacles facing the electric car sector. FILE PHOTO: The charging plug of an electric Volkswag...

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