Take up stalled self-driving car bill, automakers urge U.S. Senate

WASHINGTON (Reuters) - Major automakers on Monday joined forces with tech companies and a variety of interest groups to urge the U.S. Senate to take up, before the end of May, a stalled bill aimed at speeding the deployment and testing of self-driving cars. In a letter to U.S. Senate leaders that wa...

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UK firm pilots using blockchain to help BMW source ethical cobalt

LONDON (Reuters) - Automaker BMW is working with a London-based start-up to use transaction-recording technology blockchain to prove batteries for its electric vehicles will contain only clean cobalt, the start-up’s CEO said. FILE PHOTO: The BMW booth displays the company logo at the North Ame...

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Microsoft to offer governments local version of Azure cloud service

SAN FRANCISCO (Reuters) - Microsoft Corp on Monday said it will soon make it possible for government clients to run its cloud technology on their own servers as part of a concerted effort to make Azure more appealing to local and federal agencies. FILE PHOTO: A Microsoft logo is seen in Los Angeles,...

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Amazon mulling checking-account like product with big banks: WSJ

(Reuters) - Amazon.com Inc (AMZN.O) is in talks to create a checking-account-like product with big banks such as JPMorgan Chase & Co (JPM.N), the Wall Street Journal reported, citing people familiar with the matter. FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo...

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Airbnb willing to make concessions in Singapore: policy chief

SINGAPORE (Reuters) - Home-booking company Airbnb is willing to make some concessions on short-term rentals in Singapore in an attempt to appease concerns of the government, a top executive said on Monday. FILE PHOTO: Airbnb head of global policy and public affairs Chris Lehane speaks to Reuters in ...

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China plans new share issue option to bring tech giants home

HONG KONG (Reuters) - China may allow its offshore-listed tech giants to sell a form of shares on the mainland, people with knowledge of the plan said, in a move that would pit Shanghai and Shenzhen against Hong Kong in the battle to host the country’s tech giants. While China is home to some ...

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EU executive to propose raft of measures to boost fintech: document

LONDON (Reuters) - The European Union’s executive will propose a draft law on crowdfunding and forge common blockchain technology standards to help a European financial technology sector grow, an EU document showed on Monday. The bloc’s executive European Commission is due to publish its...

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Telia sells Azercell stake in gradual exit from Eurasia

STOCKHOLM (Reuters) - Nordic telecom group Telia on Monday said it had sold its stake in Azerbaijan mobile operator Azercell, which it co-owns with Turkcell, part of a shift to focus on its main markets in Nordic and Baltic countries. FILE PHOTO: A flag flutters at the Telia telecommunication compan...

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China plans to bring home tech giants with domestic share issue option

HONG KONG (Reuters) - China aims to get its home-grown, overseas-listed companies to float on the domestic exchanges through the depositary receipts route, people with knowledge of the matter said, in a plan that would pit Shanghai and Shenzhen against Hong Kong in the battle to host China’s t...

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S.Korean chat app firm Kakao plans blockchain unit

SEOUL (Reuters) - Kakao Corp, South Korea’s largest messaging app operator, said on Monday it is planning to establish a unit focusing on blockchain technology. Plans for the unit, set to be established this month, include a potential so-called reverse initial coin offering where an establishe...

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Amazon has French grocery market in its sights, French boss tells paper

PARIS (Reuters) - U.S. e-commerce giant Amazon (AMZN.O) aims to launch its grocery delivery service in France as part of global ambitions to expand in food retail, though the move is not imminent, its general manager for France said in a newspaper interview. The Amazon logo is seen at the Young Entr...

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EU eyes tax on tech giants closer to 2 percent than 6 percent of revenue: Le Maire

PARIS (Reuters) - The European Union this month will unveil plans to tax large global tech companies’ revenue at a rate in the 2-to-6-percent range, though more likely closer to 2 than to 6 percent, French Finance Minister Bruno Le Maire said in a newspaper interview. FILE PHOTO: The Amazon lo...

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Porsche could build flying taxis, says sales chief

FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) sports car maker Porsche could develop a flying passenger vehicle to compete with rivals in a possible market for urban air taxis and ride-sharing services, Porsche sales chief Detlev von Platen told a German magazine. An employee of German car ma...

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Dialog expects to supply chips to Apple through 2020: CEO in paper

FRANKFURT (Reuters) - Dialog Semiconductor (DLGS.DE) expects Apple (AAPL.O), its top customer, to use its chips for a significant proportion of its devices in 2019 and 2020, Chief Executive Jalal Bagherli told a German newspaper. FILE PHOTO: Dialog semiconductor logo is pictured at a company buildin...

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Powerful New DDoS Method Adds Extortion

Attackers have seized on a relatively new method for executing distributed denial-of-service (DDoS) attacks of unprecedented disruptive power, using it to launch record-breaking DDoS assaults over the past week. Now evidence suggests this novel attack method is fueling digital shakedowns in which vi...

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Powerful New DDoS Method Adds Extortion

Attackers have seized on a relatively new method for executing distributed denial-of-service (DDoS) attacks of unprecedented disruptive power, using it to launch record-breaking DDoS assaults over the past week. Now evidence suggests this novel attack method is fueling digital shakedowns in which vi...

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Broadcom return to the U.S. could be complete in mid-May -sources

WASHINGTON (Reuters) - Singapore-based chipmaker Broadcom Ltd, which is seeking to buy rival Qualcomm Inc, plans to complete its move back to the United States by mid-May, according to sources familiar with the matter. FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Ra...

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Equifax breach could be most costly in corporate history

NEW YORK/TORONTO (Reuters) - Equifax Inc (EFX.N) said it expects costs related to its massive 2017 data breach to surge by $275 million this year, suggesting the incident at the credit reporting bureau could turn out to be the most costly hack in corporate history. FILE PHOTO: Credit reporting compa...

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EU countries, lawmakers strike deal to open up spectrum for 5G

BRUSSELS (Reuters) - EU countries and lawmakers have struck a deal to free up radio frequencies for next-generation 5G services that will be valid for 20 years, as the bloc tries to catch up with the United States and China in rolling out internet-connected products. Telecoms lobbying group ETNO, wh...

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U.S. Congress to vote on allowing spectrum auction for 5G networks

WASHINGTON (Reuters) - Republican and Democratic lawmakers have reached agreement to allow for the sale of spectrum to speed up the introduction of next-generation 5G wireless networks, congressional leaders said on Friday. FILE PHOTO: Chairman Ajit Pai speaks ahead of the vote on the repeal of so c...

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Equifax expects $200 million in breach-related costs in 2018

NEW YORK (Reuters) - Equifax Inc (EFX.N) said on Friday it expects $275 million in costs in 2018 related to the credit reporting company’s massive data breach last year, offset by $75 million in insurance proceeds. FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are picture...

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Deason sues Xerox to allow new board nominations

(Reuters) - Hedge fund manager Darwin Deason filed a new lawsuit against Xerox Corp (XRX.N) on Friday after it refused to allow him to make nominations to its board after a deadline, the latest blows in a row over its proposed merger with Fujifilm Holdings Corp (4901.T). FILE PHOTO: The logo of Xero...

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Equifax expects net $200 million in breach-related costs in 2018

NEW YORK (Reuters) - Equifax Inc (EFX.N) said on Friday it expects $275 million in costs in 2018 related to the credit reporting company’s massive data breach last year, offset by $75 million in insurance proceeds. FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are picture...

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Uber abandons effort to have UberPOP reinstated in Germany

FRANKFURT (Reuters) - Ride-hailing firm Uber [UBER.UL] said it has withdrawn an appeal lodged with Germany’s high court to have its UberPOP service reinstated as part of a broader strategy shift to work with drivers licensed to carry paying passengers. The Uber logo is seen on a screen in Sing...

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JD.com's shares slide as investments, competition eat into profits

(Reuters) - JD.com Inc, China’s second largest e-commerce firm, saw its stock plunge in pre-market trade on Friday as quarterly profit was hit by competitive pressure and heavy investments during its top earnings season. FILE PHOTO: A logo of JD.com is seen on a helmet of a delivery man in Bei...

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Xerox rebuffs Deason's board nomination plans

(Reuters) - Xerox Corp (XRX.N) said activist investor Darwin Deason does not have any right to nominate directors to the company’s board outside of the nomination window, following his attempt to nominate a full slate of directors. FILE PHOTO: The logo of Xerox company is seen on a building in...

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Head of games at Angry Birds firm goes after profit warning

HELSINKI (Reuters) -“Angry birds” maker Rovio (ROVIO.HE) said on Friday its head of games was leaving, a week after the Finnish company issued a profit warning that sent its shares plunging 50 percent. FILE PHOTO: Angry Birds toys are displayed during a news conference in Hong Kong July ...

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JD.com's shares drop on lower-than-expected profits

(Reuters) - JD.com Inc, China’s second largest e-commerce firm, saw its stock drop on lower-than-expected quarterly profits on Friday, as the company’s margins were squeezed by competition during its top earnings season. FILE PHOTO: A logo of JD.com is seen on a helmet of a delivery man ...

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China's JD.com beats fourth-quarter revenue estimates

(Reuters) - China’s JD.com Inc reported a 38.7 rise in fourth-quarter revenue on Friday, beating analysts’ estimates, as the country’s second-largest e-commerce firm attracted more shoppers. FILE PHOTO: A logo of JD.com is seen on a helmet of a delivery man in Beijing, China June 1...

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Angry Birds maker Rovio says head of games to leave the company

HELSINKI (Reuters) - Finnish mobile game and animation studio Rovio said on Friday its head of games Wilhelm Taht will leave the company with immediate effect following the company’s dramatic profit warning last week. FILE PHOTO: Angry Birds toys are displayed during a news conference in Hong ...

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