NEW YORK (Reuters) - U.S. startup Civic has sold $33 million in digital currency tokens for its identity verification project in a public sale, the company's co-founder and Chief Executive Vinny Lingham told Reuters.
Tesla says exploring China car plant with Shanghai government
(Reuters) - Tesla Inc is exploring the possibility of establishing a Chinese manufacturing plant with the Shanghai municipal government, the U.S. electric carmaker said on Thursday in a statement.
Why So Many Top Hackers Hail from Russia
Conventional wisdom says one reason so many hackers seem to hail from Russia and parts of the former Soviet Union is that these countries have traditionally placed a much greater emphasis than educational institutions in the West on teaching information technology in middle and high schools, and yet...
Why So Many Top Hackers Hail from Russia
Conventional wisdom says one reason so many hackers seem to hail from Russia and parts of the former Soviet Union is that these countries have traditionally placed a much greater emphasis than educational institutions in the West on teaching information technology in middle and high schools, and yet...
Europe sets sights on cheap rocket engine by 2030s
PARIS (Reuters) - Europe aims to develop a low-cost, reusable rocket engine for use after 2030 under a deal between Airbus Safran Launchers and the European Space Agency (ESA).
Tech industry asks who will lead Toshiba's motley white knights
TOKYO (Reuters) - A hastily-assembled group of investors looks set to win the bid for Toshiba Corp's prized memory chip business, but a lack of clear leadership or industry clout is raising questions about who will take tough decisions about strategy and investment.
Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion - sources
HONG KONG (Reuters) - Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.
Facebook to keep wraps on political ads data despite researchers' demands
SAN FRANCISCO (Reuters) - Facebook said it would not disclose information about political campaign advertising or related data such as how many users click on ads and if advertising messages are consistent across demographics, despite arguments from political scientists who want the data for researc...
Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion - sources
HONG KONG (Reuters) - Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.
Tesla reaches agreement with Shanghai to explore production: Bloomberg
Tesla's revenue from China more than tripled to over $1 billion last year, according to its annual report.
Exclusive: Fake online stores reveal gamblers' shadow banking system
LONDON (Reuters) - A network of dummy online stores offering household goods has been used as a front for internet gambling payments, a Reuters examination has found.
Daimler’s Uber rival mytaxi expands into Romania
LONDON (Reuters) - Mytaxi, the ride hailing app owned by German carmaker Daimler , has agreed to buy a Romanian rival as part of efforts to create a pan-European service to take on Uber.
Google to push for law enforcement to have more access to overseas data
WASHINGTON (Reuters) - Alphabet Inc's Google will press U.S. lawmakers on Thursday to update laws on how governments access customer data stored on servers located in other countries, hoping to address a mounting concern for both law enforcement officials and Silicon Valley.
Nissan plans driverless ride-hailing service to beat off startup competition
TOKYO (Reuters) - Nissan Motor Co Ltd on Thursday said it plans to launch driverless ride-hailing and ride-sharing services in coming years, as the automaker looks beyond making and selling cars to survive an industry being quickly transformed by new services.
Foxconn to continue to pursue Toshiba chip unit acquisition: Sharp CEO
TAIPEI (Reuters) - Taiwan's Foxconn will continue to pursue an acquisition of Toshiba Corp's chip business, a day after the troubled conglomerate chose a rival suitor as the preferred bidder, the head of Foxconn's Japanese unit said.
UK's Imagination Tech up for sale after battle with Apple
LONDON (Reuters) - Imagination Technologies, the British company that has lost 70 percent of its value following a dispute with its biggest customer Apple, said on Thursday it had put itself up for sale.
Chinese bicycle-sharing startup Mobike expands into Japan
SHANGHAI (Reuters) - Chinese bicycle-sharing startup Mobike has set up a subsidiary in Fukuoka city in northern Japan and plans to begin service later this year, it said on Thursday.
White House aims to speed U.S. drone, wireless technologies
WASHINGTON (Reuters) - The White House is bringing together drone makers, wireless companies and venture capitalists on Thursday to look at ways government can help speed new technologies to the marketplace.
Toshiba shares slip as it gears up for chip unit sale
TOKYO (Reuters) - Shares of Toshiba Corp skidded on Thursday, as the company aims to seal a deal worth some $18 billion by next week for the sale of its chip business needed to cover massive losses.
Amazon's grocery push playing catch up with Chinese e-commerce giants
BEIJING (Reuters) - As Amazon.com Inc looks to swallow U.S. grocery chain Whole Foods, China's tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains.
Oracle reports 14.8 percent rise in fourth-quarter profit
(Reuters) - Oracle Corp reported a 14.8 percent rise in quarterly profit as the business software maker's transition to cloud-based services begins to yield results, sending its shares up 8 percent in after-market trading.
Apple adds Virgin to U.S. carrier lineup as Virgin ditches Android
(Reuters) - Apple Inc will soon start selling wireless plans from Virgin Mobile USA, the first new carrier offered by the iPhone maker's since 2013, the companies said on Wednesday.
Low U.S. inflation? It's your phone: BlackRock bond manager
NEW YORK (Reuters) - Americans' love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, a top bond manager at BlackRock, the world's biggest asset manager, said on Wednesday.
Twitter to let streaming video stars collect money from fans
SAN FRANCISCO (Reuters) - Twitter Inc plans on Wednesday to launch a system for people to earn money by streaming live on its Periscope service, a first for Twitter and a way for the company to try to compete with YouTube and others in the search for internet talent.
Intel signs Olympics sponsorship deal
SAN FRANCISCO (Reuters) - Intel Corp said on Wednesday that it would become a major sponsor of the International Olympic Committee, making the chipmaker the latest technology company to put marketing dollars behind the global sporting event.
Russian hackers targeted 21 U.S. states during election: U.S. official
WASHINGTON (Reuters) - Russian hackers targeted 21 U.S. states' election systems in last year's presidential race, a U.S. Department of Homeland Security official told Congress on Wednesday.
EBay to match some rivals' prices in bid to attract shoppers
(Reuters) - EBay Inc on Wednesday said it would match top competitors' prices for a number of popular products in an effort to lure customers.
Intel to collaborate with Israel's Team8, Illusive on cybersecurity
JERUSALEM (Reuters) - Intel Corp. has joined Team8, an Israeli creator of cybersecurity start-ups, as a strategic partner and will help with the formation of companies that address the largest cybersecurity problems, Team8 said on Wednesday.
Volvo Cars relaunches Polestar as standalone electric car brand
STOCKHOLM (Reuters) - Geely-owned automaker Volvo Cars will make its Polestar Performance business a standalone brand within the group, focusing on electric cars, the company said on Wednesday.
Uber co-founder Kalanick resigns as chief executive
(Reuters) - Uber Technologies Inc co-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, following intense pressure from investors, a company spokesman said on Wednesday.