FRANKFURT (Reuters) - Yandex, the "Google of Russia", and Uber have agreed to merge their ride-sharing businesses in Russia and five eastern European markets with Yandex as leading partner, the companies said on Thursday, marking another pullback from Uber's breakneck global expansion that comes a y...
Telecoms group Altice to launch online bank in Europe by early 2019: source
PARIS (Reuters) - French billionaire Patrick Drahi plans to launch an online bank by spring 2019 across the euro zone countries where his telecoms group Altice operates, a source close to the matter said on Thursday. Mobile operators are stepping up pressure on the traditional banks that dominate th...
German military aviation command launches cyber threat initiative
BERLIN (Reuters) - The German military's aviation safety chief has launched a new initiative against cyber threats, citing research that he said shows hackers can commandeer military airplanes with the help of equipment that costs about 5,000 euros ($5,700). A defense ministry spokesman told Reuters...
Trump Hotels discloses data breach at 14 properties
(Reuters) - Trump International Hotels Management LLC said late on Tuesday a data breach at a service provider compromised card payment details at 14 of its properties. The compromised information included payment card numbers and card security codes for some of the hotel chain's reservations proces...
Google wins challenge against 1.1 billion euro French tax bill
PARIS (Reuters) - U.S. internet giant Google (GOOGL.O) on Wednesday won a court challenge against demands by French authorities that it pay 1.1 billion euros ($1.3 billion) in back taxes. The Paris administrative court ruled that Google Ireland Limited was not subject to corporate and value-added ta...
Tech firms protest proposed changes to U.S. net neutrality rules
NEW YORK/WASHINGTON (Reuters) - Facebook, Twitter, Alphabet Inc and dozens of other major technology companies are participating in an online protest on Wednesday to oppose proposed changes to U.S. net neutrality rules that prohibit broadband providers from giving or selling access to certain intern...
New Silicon Valley fund aims to connect auto companies and startups
DETROIT (Reuters) - Autotech Ventures, a Silicon Valley venture capital firm, said it had raised $120 million from automotive companies and financial investors for a fund that will invest in startups working on transportation services and digital vehicle technology. The fund will try to connect star...
U.S. should not block Chinese chip acquisitions: China think-tank
BEIJING (Reuters) - The United States should not block Chinese acquisitions of U.S. semiconductor technologies, a leading state think-tank in Beijing said on Wednesday, as Washington heightens scrutiny of Chinese investments in the sector. Acquisitions and joint ventures are becoming more difficult ...
Spotify signs Sony royalty deal while Warner holds out: reports
(Reuters) - Spotify has reached a licensing deal with a second major label, Sony Music Entertainment, according to media reports, setting the stage for a U.S. stock market listing by the music streaming leader. Recently valued at $13 billion, Sweden's Spotify is planning a direct listing on the New ...
Toshiba regains access to credit line but tough conditions applied: sources
TOKYO (Reuters) - Crisis-hit Toshiba Corp has regained access to a crucial $6 billion credit line after stumping up shares in its chip unit as collateral but its lenders have imposed tough conditions, banking sources with direct knowledge of the matter said. Hit by massive cost overruns at its now b...
Gaming hardware maker Razer seeks Oct HK IPO at up to $5 billion valuation: source
HONG KONG (Reuters) - Razer Inc, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka-shing, plans to go public toward the end of October in an IPO that will value the company at up to $5 billion, a person familiar with the deal said on Wednesday.
Kaspersky Lab complains it has been drawn into U.S.-Russia geopolitical game: RIA
MOSCOW (Reuters) - Russian cyber security firm Kaspersky Lab said on Wednesday it had fallen victim to geopolitical sparring between Russia and the United States, but said it was ready to respond to any questions from U.S. officials, the RIA news agency reported.
LeEco-backed Faraday Future moves SUV production as work halts on Las Vegas plant
TAIPEI (Reuters) - Startup Faraday Future said it would move production of its luxury electric SUV to a new location, from a planned $1 billion Las Vegas factory where construction has ground to a halt amid financial woes of key investor Chinese entrepreneur Jia Yueting. Faraday is part of a network...
SK Hynix CEO says no plans to give up seeking equity in Toshiba chip business
SEOUL (Reuters) - SK Hynix Inc does not plan to abandon its aim to gain equity in Toshiba Corp's $18 billion memory chip business, the South Korean firm's chief executive said on Wednesday. CEO Park Sung-wook made the remarks to reporters on the sidelines of an industry event in South Korea, a spoke...
Apple sets up China data center to meet new cybersecurity rules
BEIJING (Reuters) - Apple Inc (AAPL.O) has set up its first data center in China, in partnership with a local internet services company, to comply with tougher cybersecurity laws introduced by Beijing last month, it said on Wednesday. The U.S. company said it was setting up the facility in the south...
Google Earth to let users post stories, photos in coming years
RIO DE JANEIRO (Reuters) - Alphabet Inc wants users to post millions of stories, video and photos on its Google Earth platform in the next few years, the program chief said on Tuesday at a launch event in Brazil for content focused on showcasing the Amazon rainforest.
Streaming TV apps grapple with password sharing
(Reuters) - More than one-fifth of young adults who stream shows like "Game of Thrones" or "Stranger Things" borrow passwords from people who do not live with them, according to a Reuters/Ipsos poll, a finding that suggests media companies are missing out on significant revenue as digital viewership...
Intel rolls out new chips in battle for data center business
NEW YORK (Reuters) - Intel Corp on Tuesday announced a new line of microprocessors for data centers, setting up a battle with Advanced Micro Devices and others for the lucrative business of supplying the chips that power cloud computing.
Trump administration limits government use of Kaspersky Lab software
WASHINGTON (Reuters) - The Trump administration on Tuesday removed Moscow-based Kaspersky Lab from two lists of approved vendors used by government agencies to purchase technology equipment, amid concerns the cyber security firm's products could be used by the Kremlin to gain entry into U.S. network...
Symantec explores selling web certificates business: sources
(Reuters) - Cybersecurity firm Symantec Corp is considering selling its website certification business, in a deal that could fetch more than $1 billion and extricate it from a feud with Alphabet Inc's Google , people familiar with the matter said on Tuesday.
Adobe, Microsoft Push Critical Security Fixes
It’s Patch Tuesday, again. That is, if you run Microsoft Windows or Adobe products. Microsoft issued a dozen patch bundles to fix at least 54 security flaws in Windows and associated software. Separately, Adobe’s got a new version of its Flash Player available that addresses at least thr...
Adobe, Microsoft Push Critical Security Fixes
It’s Patch Tuesday, again. That is, if you run Microsoft Windows or Adobe products. Microsoft issued a dozen patch bundles to fix at least 54 security flaws in Windows and associated software. Separately, Adobe’s got a new version of its Flash Player available that addresses at least thr...
Microsoft vows to bring broadband to millions of rural Americans
A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson
Amazon sales of Echo devices on Prime Day ahead of last year
The amazon echo is seen on display at the Amazon Books store in the Time Warner Center at Columbus Circle in New York City, New York, U.S., May 25, 2017. REUTERS/Shannon Stapleton
Western Digital gets U.S. court order to access Toshiba databases, chip samples
FILE PHOTO: A Western Digital office building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo
Facebook expands ad testing on Messenger globally
WhatsApp and Facebook messenger icons are seen on an iPhone in Manchester , Britain March 27, 2017. REUTERS/Phil Noble
No systemic risk from cryptocurrency speculation: BlackRock strategist
NEW YORK (Reuters) - BlackRock Inc's global chief investment strategist on Tuesday suggested that loose monetary policy may have aided speculation in digital currencies like bitcoin, but he said the risk to the broader financial system appears limited.
Mercadolibre to debut lending, logistics services in Brazil
SAO PAULO (Reuters) - Argentine online marketplace Mercadolibre Inc is diving into areas like lending and logistics management, which once belonged exclusively to large financial and retail groups, to increase market share in Brazil, a top executive said.
Around 40 percent of Americans were harassed online: survey
NEW YORK (Reuters) - Roughly four-in-ten Americans have personally experienced online harassment, most commonly on social media platforms such as Facebook and Twitter, according to a Pew Research Center survey released on Tuesday.
U.S. free-speech group sues Trump for blocking Twitter users
The masthead of U.S. President Donald Trump's @realDonaldTrump Twitter account is seen on July 11, 2017. @realDonaldTrump/Handout via REUTERS