Technology

Technology

Uber launches bus-booking service in Egyptian capital

Dara Khosrowshahi (R), Uber CEO, walks with Egypt’s Minister of Investment and International Cooperation, Sahar Nasr, after a news conference in Cairo, Egypt, December 4, 2018. REUTERS/Lena Masri CAIRO (Reuters) – Uber Technologies Inc has launched a bus-booking service in Cairo, the company’s chief executive said on his first visit to Egypt on Tuesday, as […]

Technology

EU ministers fail to break digital tax deadlock

BRUSSELS (Reuters) – European Union finance ministers failed to agree a tax on digital revenues on Thursday, despite a last minute Franco-German plan to salvage the proposal by narrowing its focus to firms like Google (GOOGL.O) and Facebook (FB.O). FILE PHOTO: French Finance Minister Bruno Le Maire attends a session of the National Assembly in […]

Technology

Online game ‘Razor Wire’ highlights migrants’ hardship

LJUBLJANA (Reuters) – The new online game “Razor Wire” has three fiendishly tricky levels to it: First, escape war in your home country. Then, dodge police as they raze your migrant camp, and lastly, cross a river while avoiding the corpses of those who never made it. Slovenian NGO member plays a video game created […]

Technology

Fidelity, Nasdaq Ventures invest in cryptocurrency exchange ErisX

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration NEW YORK (Reuters) – New cryptocurrency exchange ErisX said Tuesday it raised a total of $27.5 million from investors including Fidelity Investments and Nasdaq Ventures. ErisX says it will offer […]

Technology

Alphabet’s Wing drone delivery business to take flight in Finland

(Reuters) – Google parent Alphabet Inc’s drone delivery business Wing will launch its first European delivery service in Finland in the spring of 2019, it said in a statement on Tuesday. Wing was spun out of Alphabet’s X research division in July to become an independent company within Alphabet and is led by James Ryan […]

Technology

Germany seeks European cooperation on artificial intelligence

German Economy Minister Peter Altmaier arrives for a news conference of German Chancellor Angela Merkel following the Hesse state election in Berlin, Germany, October 29, 2018. REUTERS/Hannibal Hanschke NUREMBERG, Germany (Reuters) – Germany called on Tuesday for European cooperation on developing artificial intelligence (AI) to close the gap on leaders China and the United States. […]

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Ireland still concerned about EU digital tax despite new proposal: minister

FILE PHOTO: Ireland’s Minister for Finance Paschal Donohoe displays a copy of the 2019 budget on the steps of Government Buildings in Dublin, Ireland October 9, 2018. REUTERS/Clodagh Kilcoyne/File Photo BRUSSELS (Reuters) – Ireland’s finance minister poured cold water Tuesday on a new Franco-German proposal for a European tax on companies’ digital revenues, saying it […]

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Chief at Alibaba video site Youku steps down amid corruption probe

BEIJING (Reuters) – The president of Alibaba Group Holding Ltd’s video streaming service, Youku, has stepped down and is believed to be talking to Chinese authorities as part of a potential corruption case, the company said on Tuesday. The abrupt departure comes amid a wider reshuffle of Alibaba executives as the company shores up its […]

Technology

France, Germany aim to keep digital tax alive

BRUSSELS (Reuters) – France and Germany sought on Tuesday to salvage a proposed EU tax on big digital firms including Google and Facebook by narrowing the focus to cover only companies’ online advertising revenue. FILE PHOTO: French Finance Minister Bruno Le Maire attends a session of the National Assembly in Paris, November 27, 2018. REUTERS/Gonzalo […]

Technology

Iliad includes Netflix, Amazon’s voice assistant in its new set-top box

Guests waits before French telecoms operator Iliad the media conference in Milan, Italy, May 29, 2018. REUTERS/Stefano Rellandini PARIS (Reuters) – France’s Iliad is including a Netflix subscription and Amazon’s voice assistant Alexa among the key features of its new set-top box as it seeks to revive declining sales, chief executive Thomas Reynaud said on […]

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EU’s Moscovici urges digital tax deal in March

European Commissioner for Economic and Financial Affairs Pierre Moscovici reacts during a news conference in Brussels, Belgium, November 21, 2018. REUTERS/Yves Herman BRUSSELS (Reuters) – The European Union commissioner in charge of taxation urged on Tuesday EU countries to reach a deal on a common tax on digital revenues of large companies in March. After […]

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Apple assembler Foxconn considering iPhone factory in Vietnam: state media

FILE PHOTO: A shovel and FoxConn logo are seen before the arrival of U.S. President Donald Trump as he participates in the Foxconn Technology Group groundbreaking ceremony for its LCD manufacturing campus, in Mount Pleasant, Wisconsin, U.S., June 28, 2018. REUTERS/Darren Hauck HANOI (Reuters) – Apple Inc’s biggest iPhone assembler, Foxconn, is considering setting up […]

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Sharp contractors axe 3,000 staff as iPhone sensor output shifts: union

TOKYO (Reuters) – Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labor union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn. A logo of Sharp Corp is pictured at the CEATEC JAPAN 2017 (Combined […]

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Audi to invest 14 billion euros in e-mobility, self-driving cars

The Audi logo is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) premium auto brand Audi said on Tuesday it would invest 14 billion euros ($15.9 billion) through 2023 in electric mobility, digitalization and autonomous driving. Overall, the company’s […]

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Digital newcomers out to disrupt South African banking

JOHANNESBURG (Reuters) – Armed with low-cost operating models, three South African digital banks are betting on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers when they launch next year in a rare challenge to the old guard. A woman stands next to a TymeBank client onboarding kiosk in Johannesburg, South Africa, November 28, […]

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TIBCO to buy data management firm Orchestra Networks: sources

(Reuters) – TIBCO Software Inc, a large privately-held business software provider, is acquiring French data management company Orchestra Networks in a move that will bolster its ability to help clients organize customer data, according to sources familiar with the matter. The deal, which could be announced as soon as Tuesday, values Orchestra in the low […]

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Tesla changes plans to start Model Y production: Business Insider

FILE PHOTO: A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson (Reuters) – Tesla Inc had plans to build its pilot small electric SUV Model Y at Gigafactory 1 by June 1, 2020, the Business Insider reported on Monday, citing leaked internal documents, but said the company changed […]

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China will likely publish rules for new tech board in January: 21st Century

FILE PHOTO: A customer takes a picture as robotic arms collect pre-packaged dishes from cold storage, done according to the diners’ orders, at Haidilao’s new artificial intelligence hotpot restaurant in Beijing, China, November 14, 2018. REUTERS/Jason Lee SHANGHAI (Reuters) – China will likely publish rules for Shanghai’s planned “technology innovation board” in January, and will […]

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U.S. lawmakers make final push to win approval of self-driving car bill

WASHINGTON (Reuters) – Key U.S. senators are making a last-ditch effort to win approval of a bill to speed the use of self-driving cars without human controls, but face an uphill battle on Capitol Hill. The U.S. Capitol building is seen in Washington, U.S., February 8, 2018. REUTERS/ Leah Millis Staff for Republican Senator John […]

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Qualcomm says China comment will not revive NXP deal

(Reuters) – U.S. chipmaker Qualcomm Inc (QCOM.O) said on Monday it was not looking to revive its abandoned $44 billion acquisition of Dutch peer NXP Semiconductors NV (NXPI.O), a day after the White House said China would reconsider clearing a deal if it was attempted again. Qualcomm, the world’s biggest smartphone-chip maker, walked away from […]