Self-driving car tech firm Mobileye first-quarter profit, revenue jump

JERUSALEM (Reuters) - Mobileye , a maker of driverless vehicle technologies, reported a jump in quarterly profit that topped estimates, boosted by higher sales of its advanced driver assisted systems.

IAG's Walsh defends BA's response to outage, still looking into cause: BBC

LONDON (Reuters) - The chief executive of British Airways owner IAG said that an investigation into a power outage at a data center which left 75,000 people stranded over a holiday weekend would take time, and defended the response of BA's management to the fiasco.

Intelsat expects $14 billion OneWeb merger deal to fail

(Reuters) - Satellite operator Intelsat SA said it expected its $14 billion merger with peer OneWeb Ltd, which is backed by Japan's SoftBank Group Corp , to fall through as it failed to get enough of its creditors to back the deal.

China makes concessions to Germany on electric car quotas

BERLIN (Reuters) - Germany has persuaded China to make concessions on its proposed quotas to encourage the production of electric vehicles, Chinese Premier Li Keqiang and Chancellor Angela Merkel said after talks in Berlin on Thursday.

HSBC partners with AI startup to combat money laundering

NEW YORK(Reuters) - HSBC Holdings Plc has partnered with Silicon Valley-based artificial intelligence startup Ayasdi Inc to automate some of its compliance processes in a bid to become more efficient.

Turkey's Turkcell says $4.2 billion suit against South Africa's MTN to go to trial

ISTANBUL (Reuters) - Turkish mobile operator Turkcell said on Thursday its $4.2 billion lawsuit against South Africa's MTN over an Iran license would go ahead in a South African court, after years of delays.

Daimler, BAIC agree to make electric cars in China

BERLIN/FRANKFURT (Reuters) - Daimler and its Chinese joint venture partner BAIC Motor Corporation agreed to upgrade the Mercedes-Benz factory in Beijing to make electric cars, the German carmaker said on Thursday.

Western Digital considering new memory plant in western Japan: source

TOKYO (Reuters) - Western Digital is considering fresh investment to build another flash memory chip plant in western Japan in an effort to show its commitment to the country, a source familiar with the matter said.

Chinese bitcoin exchanges allow withdrawals after more than three-month freeze

SHANGHAI (Reuters) - Chinese bitcoin exchange BTCChina has started "testing" withdrawals of the cryptocurrency after a three-month freeze that followed increased regulatory scrutiny, the exchange said on Thursday.

Dutch group sets up hyperloop test center

AMSTERDAM (Reuters) - The Dutch team that won this year's edition of the competition held by entrepreneur Elon Musk's SpaceX to develop superfast hyperloop transport technology is setting up a full-scale testing center for the technology.

T-Mobile's expanded network has rivals - and suitors - taking notice

NEW YORK (Reuters) - T-Mobile US Inc has built a reputation as a scrappy underdog by offering cell service with no contracts and cheap prices.

Exclusive: SoftBank to let OneWeb-Intelsat merger collapse - sources

(Reuters) - Japan's SoftBank Group Corp will let the $14 billion merger between its satellite startup OneWeb and peer Intelsat SA fall through, after failing to get enough of Intelsat creditors to back it, people familiar with the matter said on Wednesday.

SoftBank invests in industrial software firm OSIsoft

SAN FRANCISCO (Reuters) - SoftBank Group Corp said on Wednesday it was taking a significant minority stake in OSIsoft LLC, a privately held maker of industrial software used to manage plants and factories.

Social media companies step up removals of online hate speech: EU

(Reuters) - Social media companies like Facebook, Twitter and Google’s YouTube have stepped up both the speed and number of removals of hate speech on their platforms in response to EU pressure to do more to tackle the issue, results of an EU evaluation seen by Reuters.

Uber posts $708 million loss, finance head leaves: Wall Street Journal

(Reuters) - Uber Technologies Inc's [UBER.UL] head of finance is leaving as the ride-hailing company reported continued big losses for the first quarter, the Wall Street Journal reported on Wednesday.

Cybersecurity firm Palo Alto's third quarter report eases sales fears, shares jump

(Reuters) - Cybersecurity company Palo Alto Networks Inc's results and forecast topped expectations, helped by a near record number of customer additions that also eased concerns about its sales execution at a time of heightened cyber security awareness in the wake of the recent WannaCry ransomware ...

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Toshiba moves back some chip unit assets to ward off Western Digital's legal claim

FILE PHOTO: The logo of Toshiba Corp is seen behind a traffic light at the company's headquarters in Tokyo, Japan March 29, 2017. REUTERS/Issei Kato/File Photo

Wild swings, lack of liquidity keeping U.S. funds out of bitcoin

NEW YORK (Reuters) - A lack of liquidity is keeping U.S.-based mutual fund managers from investing in bitcoin even as the digital currency hits record highs.

Africans never hung up on Nokia's old 'brick'

LAGOS (Reuters) - For Europeans, Nokia's revamped 'brick' is a throwback to a simpler, more innocent age, when phones were for speaking and reading on the train meant buying a newspaper.

UK takes step closer to national electric battery hub

COVENTRY, England (Reuters) - Britain is moving towards creating a new national development hub for electric car batteries with officials setting out plans for companies to work together to improve the technology, possibly paving the way for large-scale local production.