Alibaba to set up Europe logistics center in Bulgaria: report

(Reuters) - Chinese e-commerce group Alibaba is planning to set up a European logistics center in Bulgaria, Xinhua reported on Wednesday.

Facebook launches project to improve ties with news media

(Reuters) - Facebook Inc launched its "Journalism Project" on Wednesday, as the world's biggest social media network looks to deepen its relationship with news organizations.

Hamas sets 'honey traps' to hack Israeli soldiers' phones: army

TEL AVIV (Reuters) - Using photos of young women and Hebrew slang, the Palestinian militant group Hamas chatted up dozens of Israeli soldiers online, gaining control of their phone cameras and microphones, the military said on Wednesday.

Microsoft agrees to Windows 10 adjustments with Swiss data watchdog

ZURICH (Reuters) - Switzerland's data protection czar will not take Microsoft to court after the U.S. company agreed to adopt recommendations for improving data processing transparency for its Windows 10 operating system, the government agency said.

Binary options firm Banc De Binary says winding down operations

TEL AVIV (Reuters) - Banc De Binary, one of the biggest and best-known providers of online trading in binary options, which allow investors to bet on short-term moves in financial assets, said it is winding down its business, citing regulatory pressures.

China's anti-Teslas: cheap models drive electric car boom

-nuBEIJING (Reuters) - More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan.

Uber signs deal with Dubai regulator after pricing rows

DUBAI (Reuters) - Ride-hailing service Uber [UBER.UL] signed an agreement with Dubai's transport authorities on Wednesday to become fully regulated after a series of clashes over pricing and availability.

Corephotonics raises $15 million from Samsung, Foxconn, MediaTek

JERUSALEM (Reuters) - Corephotonics, an Israeli maker of dual camera technologies for smartphones, said on Wednesday it raised $15 million in a funding round that included Samsung Ventures, iPhone manufacturer Foxconn and chipmaker MediaTek.

Seagate to cut more than 2,000 jobs in China

(Reuters) - Hard-disk drive maker Seagate Technology Plc said it would cut more than 2,000 jobs as it shuts down its Suzhou factory in China.

Swiss clinch U.S. data exchange pact along lines of EU deal

ZURICH (Reuters) - Switzerland has struck an accord on exchanging personal data with the United States along the lines of a deal Washington and the European Union agreed last year aimed at ensuring Europeans' data privacy, the government said on Wednesday.

Bitcoin slides after China central bank launches investigation

LONDON (Reuters) - The price of digital currency bitcoin slid around $50 on Wednesday after China's central bank said it had launched spot investigations on bitcoin exchanges in Beijing and Shanghai in order to fend off market risks.

Samsung leader named a suspect in South Korea political probe

SEOUL (Reuters) - A South Korean special prosecutor's office will question Samsung Group [SAGR.UL] leader Jay Y. Lee as a suspect in the widening influence-peddling scandal that led to a parliamentary vote to impeach President Park Geun-hye.

European carmakers hope to catch Tesla with faster e-car chargers

FRANKFURT (Reuters) - Europe's biggest carmakers are drawing on the full force of the continent's industrial prowess to build a network of ultra-fast charging stations as they look to stoke demand for electric cars and break Tesla's stranglehold on the market.

Exclusive: Alibaba, part of planned Taiwan fund, won't seek board seats at local firms - source

TAIPEI (Reuters) - Alibaba Group Holding, which is awaiting regulatory approval for a $45 million fund it is participating in, has promised the Taiwanese government it will not take board seats at local firms the fund invests in, a source with direct knowledge of the matter said.

Bitstamp adds Ripple currency XRP to trading platform

NEW YORK (Reuters) - One of the leading European-based bitcoin exchanges is adding another virtual currency to the bitcoins already traded on its platform.

Tesla taps Apple engineer for Autopilot software

(Reuters) - Electric carmaker Tesla Motors Inc has hired a key Apple Inc software engineer to oversee its Autopilot self-driving software efforts, Tesla said in a blog post Tuesday.

Ellen Pao, once at center of gender case, joins Kapor in diversity role

SAN FRANCISCO (Reuters) - Former Kleiner Perkins Caufield & Byers partner Ellen Pao, whose 2012 gender discrimination lawsuit against the venture firm fueled a debate over tech industry diversity, has joined Oakland-based Kapor Center for Social Impact as an investor and diversity advocate, Kapo...

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Exclusive: Regulators criticize banks over Uber loan - sources

(Reuters) - Federal regulators criticized several Wall Street banks over the handling of a $1.15 billion loan they helped arrange for Uber Technologies Inc [UBER.UL] this past summer, according to people with knowledge of the matter.

Extortionists Wipe Thousands of Databases, Victims Who Pay Up Get Stiffed

Tens of thousands of personal and possibly proprietary databases that were left accessible to the public online have just been wiped from the Internet, replaced with ransom notes demanding payment for the return of the files. Adding insult to injury, it appears that virtually none of the victim...

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Extortionists Wipe Thousands of Databases, Victims Who Pay Up Get Stiffed

Tens of thousands of personal and possibly proprietary databases that were left accessible to the public online have just been wiped from the Internet, replaced with ransom notes demanding payment for the return of the files. Adding insult to injury, it appears that virtually none of the victim...

Continue reading

Brazil watchdog sees 5G wireless auctions only after 2020

BRASILIA (Reuters) - Brazil will auction off rights to operate so-called fifth-generation mobile phone licenses only after 2020, when global regulators and carriers agree on main terms for the bandwidth and frequencies for the new technology, the president of industry watchdog Anatel said on Tuesday...

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India's PM Modi touts digitized economy to business leaders

GANDHINAGAR (Reuters) - Indian Prime Minister Narendra Modi told a gathering of business leaders on Tuesday that the country was on the verge of becoming the world's most digitized economy, and avoided direct mention of the economic hit from demonetization.

Anti-establishment wave to help push blockchain into real world in 2017

LONDON/NEW YORK (Reuters) - A wave of anti-establishment sentiment sweeping the Western world is likely to help push blockchain - the technology that gave birth to the renegade digital currency bitcoin - out of cyberspace and into the real world in 2017.

WhatsApp, Gmail roped into tougher EU privacy proposal

BRUSSELS (Reuters) - Online messaging and email services such as WhatsApp , iMessage and Gmail will face tough new rules on how they can track users under a proposal presented by the European Union executive on Tuesday.

Anaplan hires CEO ahead of U.S. software firm's 2017 IPO

SAN FRANCISCO (Reuters) - U.S. software company Anaplan, which has raised more than $240 million, has tied up a critical loose end as it steams toward an initial public offering expected this year: hiring a chief executive officer.

China's WeChat seeks slice of Apple's app store with 'mini' function

BEIJING (Reuters) - China's largest mobile social media network WeChat is offering its 768 million users a function which allows them to by-pass app stores such as Apple's .

Italy looking at Google proposal to close tax dispute: source

MILAN (Reuters) - Italy's tax authorities are looking at a proposal from Google to pay between 270 million and 280 million euros ($296 million) to wrap up a tax dispute, a source close to the matter said on Tuesday.

Toshiba asks creditors not to call in loans: sources

TOKYO (Reuters) - Toshiba Corp met creditors on Tuesday and asked them not to use provisions in debt agreements to call in their loans early, giving the troubled company time to work out a turnaround plan, sources with knowledge of the matter said.

Israeli high-tech firms raise record $4.8 billion in 2016

JERUSALEM (Reuters) - Israeli private high-tech companies, a main driver of the country's economy, raised an all-time high of $4.8 billion in 2016, up 11 percent from 2015, a report showed on Tuesday.

Price comparison website Gocompare FY revenue rises 19 percent

(Reuters) - Price comparison website Gocompare.Com Group Plc on Tuesday reported a 19 percent jump in full-year revenue to about 142 million pounds ($172.15 million) and said it had started 2017 from a "position of confidence".