Amazon's cloud unit expands in China, with new partner in Ningxia

BEIJING (Reuters) - Amazon.com Inc said on Tuesday it was expanding its cloud computing business in China with a new local partner, aiming to win share in an increasingly crowded and highly regulated market. FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo, Japan, Aug...

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Atos offers to buy Gemalto for 4.3 billion euros to boost cyber security services

PARIS (Reuters) - French technology consulting firm Atos ATO.O offered to buy Gemalto (GTO.AS) for 4.3 billion euros ($5.06 billion) on Monday to boost its cyber security services as states and big corporations seek to cope with a growing number of attacks on the Internet worldwide. FILE PHOTO - Ato...

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Cutting U.S. electric vehicle tax credit 'will have an impact': GM

DETROIT (Reuters) - General Motors Co Chief Executive Mary Barra said on Monday that if Congress decides to eliminate an electric vehicle tax credit it “will have an impact” on sales of electric vehicles such as GM’s Chevrolet Bolt. General Motors Chairman & CEO Mary Barra atte...

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U.S. agency prepares to hand over internet oversight to FTC

WASHINGTON (Reuters) - The U.S. Federal Communications Commission plans to turn over oversight of internet service providers to another federal agency as it plans to vote on Thursday to revoke the landmark 2015 “net neutrality” rules. The Federal Trade Commission building is seen in Wash...

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Bitcoin futures suggest breakneck rise in price to slow

NEW YORK/LONDON (Reuters) - Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency’s blistering price gains to slow in the coming months, even as it blasted above $17,000 to a fresh record high in the spot market. Chicago-based derivatives exchange Cboe Globa...

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'More to come' after bitcoin futures launch: Cboe CEO

NEW YORK (Reuters) - The generally smooth launch of bitcoin futures on Cboe Global Markets (CBOE.O) could pave the way for other cryptocurrency-related products like options and ETFs, the head of the exchange operator said in an interview on Monday. FILE PHOTO - Edward Tilly, CBOE's CEO, speaks at t...

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New bitcoin futures suggest breakneck price gains to slow

NEW YORK/LONDON (Reuters) - Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency’s blistering price gains to slow in the coming months. Chicago-based derivatives exchange Cboe Global Markets launched the futures late on Sunday, marking the first time invest...

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Apple removes app after MyEtherWallet complaint

(Reuters) - IPhone maker Apple Inc said on Monday it had removed a paid iOS application from its App Store after MyEtherWallet, a free service for storing digital currencies, complained that the program was improperly using its name. “This is NOT US,” MyEtherWallet said on Sunday from it...

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Canada's privacy watchdog launches probe into Uber hack

TORONTO (Reuters) - The office of Canada’s privacy commissioner said on Monday that it has opened a formal investigation into the 2016 breach of customer and driver data at Uber Technologies Inc, which the ride-hailing company disclosed last month. Uber's logo is pictured at its office in Toky...

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Hackers hit U.S., Russian banks in ATM robbery scam: report

FRANKFURT (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday. FILE PHOTO: A magnifying glass is hel...

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Apple confirms deal to buy music discovery app Shazam

SAN FRANSICO (Reuters) - Apple Inc (AAPL.O) on Monday confirmed it had reached a deal to acquire Shazam Entertainment Ltd, the U.K.-based app that lets users identify songs by pointing a smart phone at the audio source. FILE PHOTO: The Apple Inc. store is seen in Los Angeles, California, U.S., Septe...

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UBS leads blockchain data reporting pilot ahead of new EU rules

ZURICH/NEW YORK (Reuters) - Financial companies led by Swiss bank UBS (UBSG.S) are testing a blockchain platform to help them comply with new European Union trade data standards due to come into force next year. FILE PHOTO: Christmas decorations are seen at the building of Swiss bank UBS at the Para...

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Newly minted bitcoin futures indicate more modest growth ahead

NEW YORK/SYDNEY/LONDON (Reuters) - Newly launched bitcoin futures indicated on Monday that financial markets expect the cryptocurrency to climb further but at a far slower rate than in recent weeks as warnings of a bubble grew. Chicago-based derivatives exchange Cboe Global Markets launched its eage...

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Hackers hit major ATM network after U.S., Russian bank breaches: report

FRANKFURT (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday. FILE PHOTO: A magnifying glass is hel...

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U.S. videogame makers may trounce sales estimates again

(Reuters) - Tepid holiday sales forecasts from two of the three major U.S. videogame producers have not dampened investors’ confidence in one of the past decade’s major stock market success stories for a simple reason: they almost always beat them. Visitors look at a presentation at the ...

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Hotly anticipated bitcoin futures ease off after 22 percent surge

NEW YORK/SYDNEY/LONDON (Reuters) - Bitcoin futures eased back from an initial surge of almost 22 percent to trade up 13 percent on Monday, in an eagerly awaited U.S. market debut that backers hope will confer greater legitimacy on the volatile cryptocurrency and lead to its wider use. Virtual curren...

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Uber's London license appeal to be heard next year

LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market. FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone, as it is ...

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Apple aims to block climate, rights proposals with quick use of SEC guidance

BOSTON (Reuters) - Apple Inc (AAPL.O) is pushing back on shareholder proposals on climate issue and human rights concerns, an effort activists worry could sharply restrict investor rights. FILEP PHOTO: The logo of Apple (AAPL) is seen in Los Angeles, California, United States, April 22, 2016. REUTER...

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Uber appeal case against London license loss planned for April or June next year

LONDON (Reuters) - Uber’s [UBER.UL] appeal against the loss of its London license should begin on Apr. 30 for five days but might be delayed until June, a British judge said on Monday at a preliminary hearing. FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone, as it is ...

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Apple, India wrangle over import tax on mobile parts: sources

NEW DELHI (Reuters) - Apple Inc (AAPL.O) has asked India to defer a planned increase in import taxes on mobile phone parts so it can expand its iPhone manufacturing in the country, but the government is unlikely to accede, people familiar with the matter said. FILE PHOTO: An iPhone is seen on displa...

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Nokia's COO quits after eight months in the job

HELSINKI (Reuters) - Nokia said its chief operating officer will leave the telecom network equipment maker, which is struggling in the face of a shrinking market and tough competition, after just eight months in the job. A Nokia logo is seen at the company's headquarters in Espoo, Finland, May 5, 20...

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Exclusive: Hong Kong fund tells Toshiba that chip unit sale to Bain group not necessary

TOKYO (Reuters) - A Hong Kong-based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters. FILE PHOTO: A logo of Tos...

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Nokia COO to leave the company

HELSINKI (Reuters) - Telecom network equipment maker Nokia said on Monday its Chief Operating Officer Monika Maurer was leaving the company. A Nokia logo is seen at the company's headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins Joerg Erlemeier, currently a Senior Vice President for ...

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Mubadala has done 15 to 16 investments in Silicon Valley as part of the Softbank fund

ABU DHABI (Reuters) - Abu Dhabi’s state investor, Mubadala [MUDEV.UL], has made 15 to 16 investments in Silicon Valley as part of a partnership with Softbank Group, deputy group CEO, Waleed al-Muhairi, told a conference in Abu Dhabi. Mubadala has committed $15 billion to Japan’s SoftBank...

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Hotly anticipated bitcoin futures surge 21 percent on debut

NEW YORK/SYDNEY (Reuters) - Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world’s largest cryptocurrency even as critics warn of the risk of a bubble and price collapse. Virtual currency B...

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Bitcoin futures surge past $17,000 on launch day

SYDNEY (Reuters) - The front-month bitcoin futures contract XBTc1 on the Chicago-based CBOE Futures Exchange surged past $17,000 on Monday, the first day of trading. Virtual currency Bitcoin tokens are seen in this illustration picture, December 8, 2017. Picture taken December 8. REUTERS/Dado Ruvic/...

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Uber heads to court in fight for London survival

LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market. FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone,...

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Bitcoin futures start trading on CBOE exchange

NEW YORK (Reuters) - The newest way to bet on bitcoin arrived on Sunday, with futures of the cryptocurrency that has taken Wall Street by storm starting trading for the first time. FILE PHOTO: A Bitcoin logo is displayed at the Bitcoin Center New York City in New York's financial district in NY, U.S...

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China Telecom earmarked as the Philippines' third telecoms player

MANILA (Reuters) - State-run China Telecom Corp could become the Philippines’ third telecoms player, officials of the Southeast Asian nation said on Sunday, as the government looks to stir up competition in an effort to boost notoriously poor services. Philippines President Rodrigo Duterte las...

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Bangladesh minister says wants to 'wipe out' Manila bank for heist role

DHAKA (Reuters) - Bangladesh’s finance minister said late on Saturday he wanted to “wipe out” a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank’s account with the Federal Reserve Bank of New York last year. FILE PHOTO: A security...

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