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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