International News

Facebook will spend so much reviewing political ads this year that it will lose money on them

Facebook is spending so much money hiring moderators to review political ads that it will cancel out the revenue those ads generate in this year’s election cycle, says CEO Mark Zuckerber

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Amazon Offers Retailers Discounts to Adopt Payment System

Amazon.com Inc. is offering to pass along the discounts it gets on credit-card fees to other retailers if they use its online payments service, according to people with knowledge of the matter

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Wall Street loses gains from Fed decision on China trade worries

NEW YORK (Reuters) - U.S. stocks fell on Wednesday as potential U.S. restrictions on Chinese telecom companies reinforced investor concerns about worsening trade relations between the United S

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Twitter Bots Operated From Russia Are Now Being Blamed For Influencing UK Elections

Russian Twitter bots attempted to influence the 2017 UK general election results by promoting Labour Party leader Jeremy Corbyn, according to an investigation by The Sunday Times. Conducted in

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Walmart, hitherto slow to react overseas, attempts international turnaround with UK, India M&A

Walmart Inc's urgency to stem market share losses to rivals around the world is driving it to partner with local players in the UK and India, even as it scales back in some other markets l

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Sprint and T-Mobile agree to $26.5 billion, and John Legere will be chief, sources say

T-Mobile has signed a merger agreemengt Sprint that will value Sprint at about $26.5 billion, people familiar with the matter told CNBC, and will place T-Mobile&#39;s chief in the top job.</di

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Amazon will raise the price of Prime from $99 to $119 in the U.S.

Amazon is increasing the price of its Prime membership in the U.S. for the first time in four years, the company&rsquo;s chief financial officer announced on a call with analysts on Thursday.<

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Yawn: Amazon cloud business just keeps rolling along

It&rsquo;s almost becoming boring reporting that the Amazon&nbsp; cloud had a monster quarter. It&rsquo;s not news at this point, because of course they did. Yesterday, it once again blew away

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Microsoft Declares an Astounding USD 36.8Bn in Revenue Through Growth in Cloud, Office

Driven by consistent growth in its Office and Cloud offerings, Microsoft has posted revenue of $26.8 billion and net income of $7.4 billion in its third quarter that ended on March 31. The tec

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In victory for Elliott, Hyundai Motor to cancel $890 million in shares

SEOUL (Reuters) - Hyundai Motor said on Friday it will cancel $890 million worth of treasury shares, its first stock cancellation in 14 years - a plan that comes amid shareholder pressure to i

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Google's parent company to support Walmart in Flipkart deal: Report

Google&#39;s parent company Alphabet Inc is likely to invest USD 1 to 2 billion in Flipkart after the online retailer is acquired by Walmart, as per a report by The Economic Times. <div

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Aston Martin Says China Spurring Another Horse-to-Cars Moment

China&rsquo;s policies to cut pollution is driving a rapid move toward electric vehicles in the world&rsquo;s biggest market and causing an upheaval in the global auto industry, Aston Martin H

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Global steel output rose 4 percent in March as China, U.S. produce more - worldsteel

LONDON (Reuters) - Global crude steel production rose four percent in March as mills in top producer China ramped up output after winter restrictions were lifted and as U.S. producers took adv

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ZTE tells suppliers China trade row may be factor in U.S. ban: source

NEW YORK (Reuters) - China&#39;s ZTE Corp held a conference call on Wednesday with major suppliers, during which a company representative suggested the trade dispute with Beijing may have been

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Bitcoin breaks through $9,000 level and 100-day moving average

Digital currencies extended a stellar run Tuesday, with all major coins in the green and extending their winning start to the week. &nbsp; Bitcoin, the No. 1 digi

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Will High Costs Affect Dunkin Brands' (DNKN) Q1 Earnings?

Dunkin&#39; Brands Group, Inc. DNKN is set to release first-quarter 2018 numbers on Apr 26, before market open. &nbsp; The company&rsquo;s sincere focus on menu i

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US brands suffer collateral damage in Chinese corporate war

SHANGHAI (AP) &mdash; It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online sales on Alibaba&#39;s Tmall, thanks to the e

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UK start-up Culture Trip raises $80m for travel booking service

A start-up that provides cultural and travel inspiration has raised $80m (&pound;57m) in one of the largest funding deals for a UK tech company this year. &nbsp;

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Google parent firm Alphabet reports strong financial results

Google&rsquo;s parent company Alphabet has reported a more than 20% increase in revenue in the company&rsquo;s latest financial results. &nbsp; The technology gia

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Amazon's big bet for the future: Your moving robot butler

According to reports, Amazon is developing a domestic, household robot. &nbsp; The machine will navigate through homes like a self-driving car with the help of ad

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Bullish on Indiabulls Housing Finance, stock likely to see 20% upside: Akash Jain

We are structurally bullish on Indiabulls Housing Finance. One can expect an upside of 20 percent from current level as we believe that it is on right path to tap the big opportunity in Indian

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SAP bullish on outlook as it beats path from back to front office

By Douglas Busvine and Eric Auchard &nbsp; FRANKFURT/LONDON (Reuters) - Germany&#39;s SAP announced upbeat results in the seasonally tough first quarter, saying i

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Asia stocks struggle as U.S. yields near 3 percent; oil stays high

By Wayne Cole &nbsp; SYDNEY (Reuters) - Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world&#39;s largest corporations, while

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No relief for oil companies as card transaction fee may not be lowered

State-owned oil firms might have to continue paying debit transaction fee of 0.75 percent on behalf of their dealers, according to a Mint report. &nbsp; Banks hav

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45% MNCs plan expanding corporate real estate portfolios in China, India and Singapore

45% MNCs plan expanding corporate real estate portfolios in China, India and Singapore In India, these companies are focusing on expanding in Bengaluru and other smaller cities,

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Trade tensions set for brighter U.S. corporate spotlight

NEW YORK (Reuters) - The potential for an intensifying trade dispute to undercut the U.S. stock market could become clearer next week when a host of multinational companies reports quarterly r

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Trump's next $100 billion tariff dilemma: hit Wal-Mart or Apple Store?

WASHINGTON (Reuters) - U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of C

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What is ethereum and how does it differ from Bitcoin?

Ethereum is a rising star in the cryptocurrency world. It has quickly become the second largest digital currency in just over two years, booming in value and spurring the rise of hundreds of n

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German minister calls for diesel software upgrades by year-end: Sueddeutsche

FRANKFURT (Reuters) - German transport minister Andreas Scheuer is asking carmakers to tell him how they plan to complete by the end of the year outstanding software upgrades on diesel vehicle

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Ericsson first-quarter loss shrinks as cost-cuts pay off; shares jump

By Helena Soderpalm and Olof Swahnberg &nbsp; STOCKHOLM (Reuters) - Ericsson beat quarterly profit expectations on Friday as savings started to kick in, fuelling

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Stocks Radar: Fortis Healthcare, Mindtree, Trigyn Technologies

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm" content="The Smarter way to get your business news - &lt;a data-cke-saved-href=&quot;https://goo.gl/aXmNV6&quot; href=&quot;https:

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time settlement of dues with State Bank of India

Allied Digital Services share price were locked at 10 percent upper circuit at Rs 23.20 following one-time settlement of dues with State Bank of India. &nbsp; The

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Buy Tata Motors, target Rs 375: Sumit Bilgaiyan

Tata Motors is a classic example of value trap or value buy. It&rsquo;s price has fallen a lot. I am closely watching margin recovery of Tata Motors &nbsp; especi

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Mindtree Q4 PAT seen flat at Rs 141.8 cr: Kotak

Kotak has come out with its fourth quarter (Jan-March&rsquo; 18) earnings estimates for the Technology sector. The brokerage house expects Mindtree to report net profit at Rs. 141.8 crore up 4

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France's Total agrees to buy Direct Energie in $1.7 billion deal

PARIS (Reuters) - Oil major Total said it will buy a majority stake in French electricity retailer Direct Energie in a 1.4 billion euro ($1.73 billion) deal that will make it a major challenge

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Flipkart deal: Walmart, eBay may enter fresh round of talks

Global firms Walmart and eBay may enter a fresh round of talks with respect to the USD 12 billion Flipkart deal as the latter holds a 5 per cent stake in the company, according to a report in

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Core mobile gamers combined with growing interest in esports to propel PC gaming market in India: Report

Of late, gaming has broken the social tolerance barrier and new parents look at this piece of technology quite liberally -- willing to spend hard-earned money on buying high-end gaming devices

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Facebook spent Rs 100 crore on Mark Zuckerberg security in last 2 years

Mark Zuckerberg is an important man. He is the CEO of arguably one of the most powerful companies in the history and he is one of the richest men ever. No wonder his security budget is huge. I

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Motorola Moto G6 Play Revealed Ahead of April 19 Launch

Lenovo-owned Moto is gearing up to launch the new Moto G6 series which includes the Moto G6, Moto G6 Plus and Moto G6 Play. Before the official launch on April 19, the product details have bee

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AT&T economist argues Time Warner merger is good for consumers

WASHINGTON (Reuters) - AT&amp;T&#39;s proposed merger with Time Warner Inc would save consumers money because the marriage of a pay-TV provider with a movie and TV giant would create a more ef

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Titan eyes gross revenue of Rs 50,000 cr by FY 23

Titan eyes gross revenue of Rs 50,000 cr by FY 23 Tata Group firm Titan today said it is eyeing a gross revenue of Rs 50,000 crore by financial year 2022-23, and expects its jew

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The Six Reasons Why Goldman Sachs Is Bullish On Tata Motors

The Smarter way to get your business news - Subscribe to BloombergQuint on WhatsApp &nbsp; Shares of Tata Motors Ltd. have fallen 23 percent in the last one year,

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EU Learns From Dieselgate Scandal, Unveils New Consumer Protections Norms

The EU has unveiled rules to bolster European consumer protections by ensuring &quot;tougher fines&quot; for cheating companies and stronger legal ways to compensate victims. The European Comm

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WeWork confirms deal to buy Naked Hub, one of its main competitors in China

WeWork is buying up one of its largest competitors in China after it announced a deal to acquire Naked Hub. &nbsp; The deal was widely reported by Chinese media y

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Alibaba’s Ant Financial is reportedly raising billions more at a valuation of at least $100B

Ant Financial,&nbsp; the Alibaba affiliate that looks after the firm&rsquo;s hugely popular Alipay service, is reportedly gearing up for an enormous funding round that could take its valuation

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Kuwait hopes to boost oil sales to India through buying refinery stake - executive

NEW DELHI (Reuters) - Middle Eastern oil producer Kuwait hopes to sell an additional 200,000 barrels per day (bpd) of crude oil to India through the purchase of a stake in an oil refinery in t

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China pledges to allow more foreign investment in financial sector by year-end

BOAO, China (Reuters) - China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end of 2018, as Beijing looks to fend off growing cri

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China to bring down auto import tariffs, ease restrictions on ownership by foreign companies

Chinese President Xi Jinping on Tuesday pledged to lower import tariffs on automobiles and automobile parts, protect the intellectual property of foreign companies and further open the world&#

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Novartis bets big on gene therapy with $8.7 billion AveXis deal

ZURICH (Reuters) - Novartis is moving further into gene therapy with a $8.7 billion deal for AveXis that gives the Swiss drugmaker a rare-disease treatment seen reaping billions in sales and b

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Here's How Women and Startups Can Accelerate Pay Equity in Tech

&quot;When we&#39;re talking about compensation, we&#39;re actually talking about how different people position their self worth in the marketplace,&quot; says Jana Rich, founder of the Rich T

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Auto weekly wrap: Motherson gobbles up another component maker, inches closer to Maruti in revenues

Did you know the revenue of Noida-based auto component maker Motherson Sumi Systems is nearly as big as that of homegrown two-wheeler heavyweights Hero MotoCorp and Bajaj Auto put together?</d

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India To Spend Rs 16,717 Crore On Modi’s Health Insurance Plan In Two Years

The Smarter way to get your business news - Subscribe to BloombergQuint on WhatsApp &nbsp; India plans to spend about Rs 16,717 crore in the first two years on th

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Here’s YouTube CEO Susan Wojcicki talking about controversial monetization changes on the platform

Let&rsquo;s be clear: The shooter who terrorized the San Bruno, Calif., headquarters of YouTube yesterday, identified as Nasim Najafi Aghdam, was clearly disturbed and her twisted reasons for

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The 2018 Midas List Shows Off The Growing Power Of Chinese Startups

Neil Shen&rsquo;s ascent to the top of the 2018 Midas List marks a milestone - the first time that a Chinese national has hit the top of the list. That&rsquo;s no fluke, either. Sixteen member

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Apple snaps up Google’s AI chief to fix Siri

In an effort to catch up to its rivals&rsquo; AI assistants, Apple has brought on board Google&rsquo;s head of AI and search, John Giannandrea, reports The New York Times. &nbsp

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Here’s why Spotify’s direct listing is an inflection point in the Wall Street-Silicon Valley relationship

Tuesday will be an abnormal day in the history of the IPO. &nbsp; &ldquo;Normally, companies ring bells. Normally, companies spend their day doing interviews on t

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Instagram abandons its Apple Watch app

Instagram no longer has an Apple Watch app. The Verge can confirm that the version 39.0 update to the iPhone client, which comes with a changelog simply stating &ldquo;general bug fixes and pe

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Elon Musk just took charge of Model 3 production, saying it’s his ‘most critical’ job right now

You can probably argue over whether it&rsquo;s a good or a bad sign, but Tesla&nbsp; CEO Elon Musk confirmed on Twitter today a report in The Information that he has taken over direct control

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FCC approves SpaceX plan for 4,425-satellite broadband network

SpaceX has a green light from the FCC to launch a network of thousands of satellites blanketing the globe with broadband. And you won&rsquo;t have too long to wait &mdash; on a cosmic scale, a

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Two more top Visa executives have exited the company — under very different circumstances

Four months after Visa&rsquo;s top innovation executive was forced out for violating company policy, two other top technology leaders have left the payments giant under very different circumst

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Facebook is defending itself again after an internal memo suggested growth was more important than user safety

Facebook&rsquo;s bad month is getting even worse &mdash; now because of an internal memo by one of the company&rsquo;s top executives that suggests, among other things, that Facebook&rsquo;s m

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Snap goes through second round of layoffs this month

Snap Inc is laying off around 100 employees within the advertising and sales department, according to Bloomberg. This is the second reported round of layoffs this month, with the comp

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Bumble is suing Match Group for $400 million in damages for stealing trade secrets

Bumble, the popular dating app, and Match Group, which owns another popular dating app, Tinder, are in the midst of a messy, public divorce &mdash; and the two sides never even got married to

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Amazon Wants to Get to Teenagers Before the Banks Do

Amazon.com Inc. has millennial shoppers nailed down. And their parents. And most of their grandparents. &nbsp; But one group of potential customers has eluded the

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Bumble is suing Match Group for $400M for fraudulently obtaining trade secrets

Two weeks ago Match Group&nbsp; (Tinder&rsquo;s parent company) sued Bumble for patent infringement and misuse of intellectual property. &nbsp; Bumble&nbsp; has n

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Saudi Arabia and SoftBank Plan World's Largest Solar Project

Saudi Arabia and SoftBank Group Corp. signed a memorandum of understanding to build a $200 billion solar power development that&rsquo;s exponentially larger than any other project. <div

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Facebook is making it easier to see all the personal data it collects about you

One of the issues with the way tech companies like Facebook collect personal data from people is that they often make it hard for those people to understand what they&rsquo;re collecting, and

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CardUp raises $1.7M to help small businesses get more out of their credit cards

CardUp, a Singapore-based startup that enables users to make large, recurring payments by credit card even to recipients that don&rsquo;t accept cards, has raised $2.2 million SGD (about $1.7

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Uber’s retreat from Southeast Asia makes India, the Middle East and Latin America the next battlegrounds

Uber&rsquo;s path to global dominance was once perceived to be a certainty as it rapidly expanded into new cities around the world, placing special importance on major markets like China, Indi

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Coinbase will support Ethereum ERC20 tokens on its exchange

Coinbase has traditionally been extremely selective when it comes to adding new coins on its platform, but it appears things might be about to change: the San Francisco-based company has annou

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World's Biggest Cryptocurrency Exchange Is Heading to Malta

Binance, the world&rsquo;s largest cryptocurrency exchange by traded value, is seeking a fresh start in the Mediterranean. &nbsp; The company, founded last year i

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Baidu gets the green light to test self-driving cars in China

Chinese search giant Baidu has received approval to begin testing its self-driving cars in Beijing, Reuters reports. It is a sign of China&rsquo;s strong support for the industry in the wake o

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Tim Cook wants ‘well-crafted’ privacy regulations after latest Facebook scandal

Apple CEO Tim Cook, long an staunch advocate for consumer privacy, says that he supports the idea of tech companies facing regulations that specify just how they&rsquo;re able to use customer

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Mark Zuckerberg says Facebook has a ‘responsibility to protect your data,’ but he doesn’t apologize for its data privacy scandal

Facebook CEO Mark Zuckerberg has finally responded to the company&rsquo;s ongoing privacy scandal involving Cambridge Analytica, the data firm with ties to Donald Trump&rsquo;s 2016 presidenti

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Google is adopting blockchain-like technology

Google is planning to adopt a blockchain-like ledger system, people familiar with the situation told Bloomberg. Google will use the tech, the report states, as a means of differentiating its c

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Zuckerberg on #deletefacebook: ‘You know, it’s not good’

Following what felt like years of silence on a plethora of issues, Facebook founder and CEO Mark Zuckerberg has gone on an interview rampage (but not us &mdash; was it my editorial?). Although

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Skype now has integrations with TripAdvisor and StubHub

Skype has teamed up with TripAdvisor so you can now send travel plans and tips right inside the Skype app. It&rsquo;s also got a new integration with StubHub, a platform for sporting and conce

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Travis Kalanick is already back running a company with a $150M investment

Travis Kalanick,&nbsp; the former Uber CEO who was shown the door in June last year amid a series of major controversies, has already found his next leading role following his announcement of

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WhatsApp co-founder tells everyone to delete Facebook

In 2014, Facebook bought WhatsApp for $16 billion, making its co-founders &mdash; Jan Koum and Brian Acton &mdash; very wealthy men. Koum continues to lead the company, but Acton quit earlier

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Google’s and Facebook’s share of the U.S. ad market could decline for the first time, thanks to Amazon and Snapchat

Google and Facebook &mdash; the world&rsquo;s biggest online ad companies &mdash; could see their share of U.S. digital advertising decline for the first time, thanks to slowing growth and com

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Made.com raises another $56 million

British startup Made.com says that &ldquo;a new tier 1 global institutional investor&rdquo; has made an important investment commitment in the furniture company. This mysterious investor is wi

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Chief Security Officer Alex Stamos may leave Facebook over disinformation drama

Facebook&rsquo;s&nbsp; latest public controversy may have claimed its first major casualty. According to reporting from The New York Times, the social media giant is poised to part ways with i

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Village Global raises $100M seed scout fund from Zuck, Bezos…

Village Global raises $100M seed scout fund from Zuck, Bezos&hellip; Newly announced LPs and mentors for Village Global include Fidelity&rsquo;s Abby Johnson, Activision&rsquo;s

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SpaceX is making big money moves

Planning a Mars mission, a global telecommunications network for inexpensive internet service and creating an interplanetary hedge against World War Three isn&rsquo;t cheap, so it&rsquo;s no w

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Reuters just got $10 billion to build a sustainable news business. How should it spend it?

It&rsquo;s the biggest assignment in journalism: Take a set-in-its-ways 167-year-old news organization and reconfigure it radically so that it can compete on the global stage against countless

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TheSkimm is raising $12 million from Google Ventures and other investors to build its subscription business

TheSkimm started out as a newsletter aimed at millennial women, but its founders have always said they wanted to expand into other product lines. &nbsp; Now co-fo

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Facebook opens Instant Games to all developers

Facebook&rsquo;s&nbsp; Instant Games are now open to all developers, Facebook announced this week in advance of the Game Developers Conference. First launched in 2016, the platform lets develo

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Exclusive: Amazon's internal numbers on Prime Video, revealed

(Reuters) - Amazon.com Inc&rsquo;s top television shows drew more than 5 million people worldwide to its Prime shopping club by early 2017, according to company documents, revealing for the fi

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Facebook co-founder Chris Hughes says the 1 percent should give cash to working people

&ldquo;Fair Shot&rdquo; author Chris Hughes is trying to convince America&rsquo;s richest citizens to give money to working people &mdash; not education policy, not inspirational messages, not

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Despite High Stock Price, Roku Is No Netflix

Of all the tech companies that went public last year, Roku may have been the biggest surprise hit. Having made itself almost as synonymous with fast-growing streaming video as Netflix, Roku&rs

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WhatsApp will not share user data with Facebook until it complies with GDPR, ICO closes investigation

Facebook, its popular messaging app WhatsApp, and the UK&rsquo;s Information Commissioner&rsquo;s Office (ICO) have reached a truce in their long-running investigation over how Facebook and Wh

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Amazon is taking aim at Walmart by offering a 54 percent discount on Prime memberships for Medicaid recipients

Amazon is making another move in its courtship of lower-income shoppers, announcing a discount on its Amazon Prime monthly membership fee for recipients of Medicaid. The discount works out to

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Apple is buying Texture, the digital magazine distributor

Apple is getting into the magazine business &mdash; not by buying magazines, but by buying a digital magazine distributor. &nbsp; Apple has purchased Texture, a s

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Walmart will offer grocery delivery in more than 100 metro areas amid pressure from Amazon, Target and Instacart

As PM Narendra Modi has shifted the campaign from &lsquo;Positive India&rsquo; to &lsquo;Progressive India&rsquo;, ecommerce behemoth Flipkart is also set to unveil a new brand called &lsquo;N

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Elon Musk says he's 'optimistic' Mars ship will make first trips in 2019

Elon Musk says he&#39;s making &quot;great progress&quot; toward his goal of getting to Mars by 2022.&nbsp; &nbsp; Speaking during a last-minute appearance at SXS

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Lyft says it passed $1 billion in revenue last year — and is growing faster than Uber

Lyft, the main U.S. ride-sharing rival to Uber, says today that it passed $1 billion in revenue in 2017. And it says its revenue grew 168 percent year over year in the fourth quarter of 2017,

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Apple acquires digital newsstand Texture as it doubles down on content ‘from trusted sources’

As the debate continues over fake news and the role that aggregators like Facebook have played in spreading it, Apple is making an acquisition that could help it lay out a position as a purvey

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SoftBank is trying to poach young venture capitalists for its $100 billion Vision Fund

SoftBank&rsquo;s Vision Fund over the last two months has been aggressively trying to poach rising-star venture capitalists, a flurry of attempts that has ruffled feathers among some of the pe

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Facebook and Warner Music ink recorded and published music deal for videos and messages

Just weeks after signing a large licensing deal with leading indy label representative ICE, Facebook has continued its march into the world of music with the news that it has now added Warner

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Alibaba’s Jack Ma and Joe Tsai are pumping $20 million into Rent the Runway through their investment firm

Blue Pool Capital, a financial firm that principally invests the wealth of Alibaba founders Jack Ma and Joe Tsai, has invested $20 million into the women&rsquo;s clothing rental business Rent

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WeWork is on an acquisition spree — and they’re all over the board

WeWork&rsquo;s acquisition of digital marketing company Conductor yesterday marks its fifth acquisition in the past seven months. &nbsp; Since raising $4.4 billio

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Former Uber CEO Travis Kalanick announces new investment fund focused on job creation

Former Uber CEO and co-founder Travis Kalanick today announced a new investment fund he&rsquo;s calling 10100, pronounced &ldquo;ten-one-hundred,&rdquo; that will focus on his &ldquo;passions,

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Google promises publishers an alternative to AMP

Google&rsquo;s AMP project is not uncontroversial. Users often love it because it makes mobile sites load almost instantly. Publishers often hate it because they feel like they are giving Goog

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SEC says cryptocurrency exchanges are an unregulated mess

The U.S. Securities and Exchange Commission has issued a warning on cryptocurrency exchanges. The SEC says that many exchanges are currently unregulated and can do whatever they want with your

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Facebook ad costs spiked higher after a big change to its News Feed algorithm

It&rsquo;s been almost eight weeks since Facebook revamped its News Feed algorithm, pushing posts from friends and family higher in people&rsquo;s feeds at the expense of posts from brands and

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YouTube Studio exiting beta, adds new metrics for impressions, unique viewers

YouTube Studio, the video&nbsp; sharing network&rsquo;s revamped channel management system, launched into beta last June, will now become the default experience for creators . The company anno

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BlackBerry sues Facebook, WhatsApp, and Instagram over messaging patents

BlackBerry Limited, the Canadian enterprise software company that used to sell smartphones, filed a lawsuit today against Facebook, alleging that the social network and its WhatsApp and Instag

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With a Single, Insulting Tweet, Uber's CEO Just Destroyed Months of Hard Work

I&#39;m a fan of Uber CEO Dara Khosrowshahi. In a few months, he&#39;s worked hard to transform Uber&#39;s image from a company known for bad behavior to one that is eager to learn from its mi

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Korean internet giant Kakao is launching a blockchain company

Kakao, the Korean internet firm that operates the country&rsquo;s largest messaging app, is moving deeper into crypto after it revealed plans to launch a blockchain-focused business unit.</div

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ESPN’s new boss is Jimmy Pitaro, a longtime Disney executive

Disney is poised to make an internal hire to run ESPN: Sources say Jimmy Pitaro, the company&rsquo;s head of consumer products and interactive, is likely to run the giant and troubled sports n

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Xiaomi confirms it will enter U.S. smartphone market but still lacks a carrier partner

Sensing an opening, Chinese smartphone maker Xiaomi says it plans to enter the U.S. smartphone market in late 2018 or 2019. &nbsp; The news comes just several wee

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Google is selling off Zagat

Seven years after picking up Zagat for $151 million, Google is selling off the perennial restaurant recommendation service. The New York Times is reporting this morning that the technology gia

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No one wants to build a “feel good” internet

If there is one policy dilemma facing nearly every tech company today, it is what to do about &ldquo;content moderation,&rdquo; the almost-Orwellian term for censorship. &nbsp;<

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Amazon’s Ring buy gives it the same number of acquisitions this year as Apple or Google

Earlier this week, Amazon bought smart doorbell company Ring, bringing its total number of acquisitions in the first two months of 2018 to two &mdash; the same as Apple or Google.

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Australia Is Considering Making It Illegal for ISPs to Advertise Inflated Speeds

If you&rsquo;ve ever done a speedtest on your home internet, you know that the advertised speeds you pay for are rarely the speeds you get. This seems to be a problem with ISPs around the glob

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Uber and Lyft think they can solve one of medicine’s biggest problems

Ride-sharing companies have plunged into the health-care business, seeing a big opportunity in ferrying the 3.6 million people who miss medical appointments each year to their doctors&#39; off

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Facebook ends its experiment with the alternative ‘explore’ news feed

Facebook is ending its short-lived (and misguided) experiment with the alternative news feed feature called &ldquo;Explore.&rdquo; &nbsp; In a blog post today, Fa

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DoorDash is raising $535 million from SoftBank and others at a $1.4 billion valuation

The food-delivery company DoorDash is receiving a massive injection of cash in the latest iteration of the deal spree staged by SoftBank&rsquo;s Vision Fund. &nbsp;

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California Scraps Safety Driver Rules for Self-Driving Cars

SAN FRANCISCO &mdash; California regulators have given the green light to truly driverless cars. &nbsp; The state&rsquo;s Department of Motor Vehicles said Monday

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Google releases info on 2.4 million 'right to be forgotten' requests

Google has received 2.4 million &quot;right to be forgotten&quot; requests since 2014, most of which came from private individuals, according to its latest transparency report. Europe&#39;s bi

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Udacity grew its revenue over 100% year-over-year in 2017

Online learning platform Udacity had a banner year in 2017, according to a rare glimpse at the (still private) company&rsquo;s financials. It revealed that it had over 8 million students in to

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Hollar — the dollar store mobile app worth $200 million — is looking for a new CEO

Hollar, a Los Angeles-based startup that&rsquo;s trying to reinvent the dollar store for the smartphone age, has commenced a search for a new CEO, multiple sources told Recode.

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Apple confirms it uses Google's cloud for iCloud

A file that Apple updated on its website last month provides the first acknowledgment that it&#39;s relying on Google&#39;s public cloud for data storage for its iCloud services.

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YouTube Live gains automatic captions, chat replay and more

YouTube today announced several new features designed to improve the live streaming experience for both creators and viewers. The most notable additions include the ability to play back a live

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Glossier’s investors have pumped $52 million more into the popular beauty brand

Glossier, the digital-native beauty brand whose products have become a hit among teen girls as well as women in their 20s and 30s, has raised a new $52 million round of financing from its exis

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Microsoft and Xiaomi are partnering to make AI-powered speakers, smartphones, and more

Microsoft and Xiaomi have signed a memorandum of understanding (MoU) to work closely in cloud computing, AI, and hardware. It has so far been uncommon for a US company to partner with a Chines

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Momo buys Tantan, China’s Tinder, for over $600M as Chinese social networks consolidate

WeChat is far and away the biggest messaging platform in China at the moment, and that is helping to drive a push among the smaller players to get together for better scale. Today, Momo, the C

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Apple reportedly adding voice activation to new AirPods this year, water resistance next

Apple&rsquo;s release plans for new AirPods models have been divulged in a Bloomberg report this morning. The Cupertino company is said to be planning to refresh the AirPods, first released in

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Spotify job listing hints the company’s ‘first physical products’ are coming

Spotify so far has been content to partner far and wide on hardware, via its Spotify Connect platform, which allows anyone building a connected speaker, mobile device or piece of AV equipment

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Intel lays out its 5G plans ahead of Mobile World Congress

The big story at last year&rsquo;s Mobile World Congress was 5G. This time out, however, we can expect a lot around 5G. And as for next year&rsquo;s show? Well, then we&rsquo;ll finally start

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Walmart Heirs Lose $15 Billion As Stock Rocked By Sputtering Online Sales Growth

The descendants of Walmart founder Sam Walton saw their fortunes shrivel by $15 billion on Tuesday, after the world&#39;s largest retailer reported slowing online sales growth and a drop in pr

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Anyfin bags €4.8M Series A to let you refinance your existing loans by taking a photo

Anyfin, a startup based in Sweden that easily enables you to refinance your existing loans, including by taking a photo, has picked up &euro;4.8 million in Series A investment. The round is co

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Uber officially launches Uber Express POOL, a new twist on shared rides

Uber has launched Uber Express POOL officially after a lengthy trial period that kicked off in San Francisco last November, and has until now remained available only in that market. Starting t

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Why Facebook’s earliest efforts to kill off Snapchat completely backfired

Snapchat is one of Facebook&rsquo;s greatest threats, and Facebook CEO Mark Zuckerberg may be partly to blame. &nbsp; That&rsquo;s one interesting theory presente

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Telegram has raised an initial $850M for its billion-dollar ICO

It looks like Telegram&rsquo;s billion-dollar ICO has reached its first milestone after the chat app company raised an initial $850 million, according to a filing. &nbsp;

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Pebble founder Eric Migicovsky has joined Y Combinator as a partner

If you follow the startup industry, you likely know the story of smartwatch maker Pebble, including that famous Kickstarter campaign in 2012 that sought $100,000 but wound up raising more than

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Elon Musk’s Boring Company gets preliminary permit for NYC-DC Hyperloop

A 29-minute trip from D.C. to New York may seem too good to be true. And it very well may be. But that isn&rsquo;t stopping Elon Musk from pushing forward with plans to build a Hyperloop along

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Kidtech startup SuperAwesome is now valued at $100+ million and profitable

Technology companies like Facebook and Google are scrambling to catch up to the fact that kids have joined a web originally built for adults, and are using it the way adults do &mdash; by liki

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The Amazon Prime credit card will start giving 5 percent back on Whole Foods purchases

The Amazon-ification of Whole Foods continues. &nbsp; Starting on Tuesday, Whole Foods shoppers who pay with the Amazon Prime Rewards Visa card will earn 5 percen

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J.Crew has hired the Starbucks executive who transformed the coffee chain into a tech innovator

Adam Brotman, a longtime Starbucks executive who helped mold the Seattle coffee giant into one of the most technologically advanced retailers, is leaving the company after nine years for a top

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Sqreen wants to become the IFTTT of web app security

French startup Sqreen recently launched a Security Hub with dozens of plugins to put you in control of the security of your web app. In many ways, it feels like enabling tasks on popular autom

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Google Legally Fired Diversity Memo Author, Labor Agency Says

SAN FRANCISCO &mdash; Google did not break the law when it fired an engineer who wrote a memo critical of the company&rsquo;s diversity efforts, a lawyer for a federal labor agency said.

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President Trump is using tweets from a Facebook executive to argue Russia didn’t influence the election

President Donald Trump found an unlikely ally in his mission to convince the internet that Russia&rsquo;s attempts to interfere in the 2016 U.S. election didn&rsquo;t actually help get him ele

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Uber’s Dara Khosrowshahi perfectly sums up how CEOs feel about taking money from SoftBank

Silicon Valley CEOs mulling whether to accept an investment offer from SoftBank&rsquo;s Vision Fund always seem to have one alternate history in the backs of their minds: &nbsp;

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Snap CEO Evan Spiegel basically says the Snapchat redesign is here to stay

Despite a lot of backlash over a big redesign for the Snapchat app &mdash; which to be sure is a very big deal for a product-centric company like Snap &mdash; Snap CEO Evan Spiegel vigorously

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Oracle grabs Zenedge as it continues to beef up its cloud security play

Oracle announced yesterday that it intends to acquire Zenedge, a 4-year old hybrid security startup. They didn&rsquo;t reveal a purchase price. &nbsp; With Zenedg

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Swiss pharma company Roche is buying Flatiron Health for $1.9 billion

Roche, the global pharmaceutical company from Switzerland, today announced it will scoop up Flatiron Health, a startup analyzing real-time oncology data to help cancer patients and doctors, in

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LiveLike raises $9.6M to get more broadcasters streaming in VR

LiveLike, a startup that powers VR streaming experiences for broadcasters like FOX Sports and Sky, has raised a $9.6M Series B round led by Greycroft Partners and Lepe Partners. This brings to

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Here’s how Google Chrome will block ads starting today

Google has previously outlined its plans to kill annoying ads on web pages in its Chrome browser, and it&rsquo;s turning the feature on in version 64 of the desktop and mobile app today.

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Jewellers use PNB letters to dupe banks of Rs 11,300 crore

New Delhi: Punjab National Bank (PNB), India&rsquo;s second-largest state-owned bank, said on Wednesday that it has detected a Rs 11,346 crore ($1.8 billion) fraud at a Mumbai branch, the impa

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Norwest Venture Partners raises $1.5 billion fund

Norwest Venture Partners has closed a $1.5 billion fund, bringing the total under management to $7.5 billion. &nbsp; The firm will be using the money to invest pr

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Despite Unclear Govt Status On Cryptocurrencies, Car Rental Startup Drivezy Raises $5 Mn Via ICO

&nbsp; P2P Car Sharing Platform Drivezy Raises $10Mn Funding, Announces ICO To Build P2P Sharing Marketplace &nbsp; Car Rental Startup JustRide Tra

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Ripple CEO: 'We are solving a problem measured in trillions of dollars

Western Union confirmed what has been rumored for over a month: it is testing out use of the cross-border payments platform Ripple. &nbsp; Ripple has two main pay

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Cut toxic content or we will take out ads: Hindustan Unilever to Facebook, Google

&nbsp; Hindustan Unilever has threatened to cut investment in online social media platforms like Facebook and Google as it is alarmed at the nature of content available on these

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The Impact Of Blockchain On SaaS

Much of the conversation today about crypto is about Bitcoin and currency. But that&rsquo;s myopic. Soon, we will be talking about how crypto will change the software world. In fact, many foun

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While Amazon doubles down on Alexa, it’s laying off hundreds in other parts of its consumer business

Turns out there are limits to Amazon&rsquo;s growth. &nbsp; The $668 billion technology goliath has laid off a few hundred employees at its Seattle headquarters a

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Facebook lost around 2.8 million U.S. users under 25 last year. 2018 won’t be much better.

Facebook is losing young users even quicker than expected, according to new estimates by eMarketer. &nbsp; The digital measurement firm predicted last year that F

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Facebook confirms test of a downvote button for flagging comments

How can Facebook promote meaningful interaction between users? By letting them downvote inappropriate comments to hide them. Facebook is now testing a downvote button on a limited set of publi

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State Of The IoT: Why So Many Business Leaders Are Paying Attention

Of all the emerging technologies that companies are contending with, the Internet of Things (IoT) is what&rsquo;s keeping business leaders up at night. In fact, according to a new survey by Fo

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At Tencent, Tensions Rise Over the Future of WeChat

WeChat had just turned seven. At a luxury hotel in southern China last month, the anniversary party raged for workers at one of the world&rsquo;s most popular apps. There were lucky draws. Som

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Airbnb’s High-Profile Executive Holes

t a dinner for Airbnb&rsquo;s board two months ago, the company&rsquo;s co-founders and investors agreed that executive hiring would be a top priority for the coming year. With several top pos

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PAX Labs brings on Bharat Vasan as new CEO

PAX Labs has a new CEO. &nbsp; The company, which makes loose-leaf vaporizers, has brought on Bharat Vasan as Chief Executive Officer. &nbsp;

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Twitter is now worth more than Snap

Adding to what&rsquo;s already a Very Weird 2018, Twitter now has a bigger market cap than Snapchat maker Snap after posting a thoroughly interesting earnings beat for its fourth quarter this

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Akamai has laid off 400 workers or 5 percent of global workforce

Akamai, the Cambridge Massachusetts content delivery network and network services provider, announced they had laid off 400 people in their earnings call with analysts yesterday.

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SpaceX landed two of its three Falcon Heavy first-stage boosters

SpaceX has managed an incredible feat alongside its historic Falcon Heavy first test launch today &mdash; landing two of its boosters at once, nearly simultaneously, intact. The first-stage ro

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In Travis Kalanick’s first public appearance since resigning from Uber, his competitive nature was put on trial

The legal saga between tech behemoths Alphabet and Uber began with a bruising condemnation of Uber&rsquo;s former CEO. &nbsp; &ldquo;This case is about one compet

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Broadcom makes final offer in Qualcomm takeover bid

Broadcom Ltd. today made its final offer for beleaguered rival Qualcomm. The new amount, $120 billion, comes as Qualcomm faces legal battles with Apple and a portfolio of antiquated revenue st

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Tesla is connecting 50,000 homes in Australia to create a power grid

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Former Intel president launches new chip company with backing from Carlyle Group

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SoftBank has a new public relations chief to help it explain its huge deals

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Lawsuit Exposes Internet Giant’s Internal Culture of Intolerance

James Damore, the former Google engineer who was fired last summer after authoring a document questioning the company&rsquo;s diversity policies, has filed a lawsuit against the company. In a

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Pulse Labs has raised $2.5 million in seed funding to help voice apps better interact with humans

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Amazon reports nearly $2 billion in profit, blowing past Wall Street expectations for holiday quarter

Amazon reported quarterly financials after the bell Thursday for its fourth quarter, the all-important holiday season for the e-commerce giant. And its numbers had some people doing a double t

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Amazon should buy CBS. Here’s why it would be a smart deal.

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HQ Trivia is raising $15 million at a valuation of more than $100 million from Founders Fund

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Andrew Ng officially launches his $175M AI Fund

As the founder of the Google Brain deep learning project and co-founder of Coursera, Andrew Ng was one of the most recognizable names in the machine learning community when he became Baidu&rsq

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Amazon, Berkshire, JPMorgan Link Up to Form New Health-Care Company

It&rsquo;s no secret Jeff Bezos has been looking to crack health care. But no one expected him to pull in Warren Buffett and Jamie Dimon, too. &nbsp; News Tuesday

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Google Flights will now predict airline delays – before the airlines do

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Cake raises $5 million for a swipeable mobile browser

A startup called Cake has an ambitious plan to take on incumbents like Chrome and Safari to build a better browser for mobile devices. The company announced this morning it has raised $5 milli

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The relatively open nature of Android has made it a target for malware authors and other bad actors of all stripes who often try to get their wares onto your phone through both the official Go

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A new bot snitches on how your Twitter friends are changing their bios

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Google is testing a tool called Bulletin that would allow anyone to publish local news stories and events, according to a report from Slate, which Google later confirmed. The company described

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When I heard the 60th annual Grammy Awards show was going to feature artificial intelligence, I immediately thought &ldquo;this is a marketing ploy.&rdquo; But then I found out IBM&rsquo;s Wat

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Facebook acquires biometric ID verification startup Confirm.io

Facebook has confirmed to TechCrunch that it&rsquo;s acquired&hellip; Confirm.io. The startup offered an API that let other companies quickly verify someone&rsquo;s government-issued identific

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SoftBank Leads $865M Investment In Katerra, Which Aims To Upend The Construction Industry

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The debate over net neutrality has a little bit of everything: Activists, protests, well-heeled corporate lobbyists, name-calling, Russian trolls, Twitter memes, Twitter abuse, multiple late-n

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Stripe is giving up on bitcoin as a payment method

Stripe, which four years ago said it would become the first major online payments platform to accept bitcoin for payments, is ditching the idea. &nbsp; The compan

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Netflix crossed a fun milestone today, crossing the $100 billion mark for its market cap as it once again surprised industry observers with better-than-expected growth in its subscribers.</div

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For the last several years, there has been speculation about Elon Musk&rsquo;s future at Tesla, and whether he would step down as chief executive in the next year or two. &nbsp;

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Netflix added another 8.3 million subscribers in a ‘beautiful’ Q4

A quick look at Netflix&rsquo;s Q4 results: It added 8.33 million streaming subscribers around the world. The company had told Wall Street that it would add 6.3 million. &ldquo;Beautiful,&rdqu

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SAN FRANCISCO &mdash; Facebook said on Friday that it planned to prioritize high-quality news on the social network by allowing its users to rank news sources that they see as the most credibl

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ast fall, Didi Chuxing tried to get bike-sharing company Ofo to merge with main competitor Mobike. The attempt, led by Didi and other Ofo investors, failed because the bike startups strongly o

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Layoffs strike as Firefox's Mozilla reworks Asian operations

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Airbus just landed the $16 billion Emirates deal it needs to save the iconic A380 superjumbo

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AUSTRALIAN OPEN

As Kia&rsquo;s longest standing global partnership, the iconic Asia-Pacific Tennis Grand Slam has been part of the Kia partnership family since 2002. Now in the 16th year as Major Partner of t

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Pierre Leclercq named new Head of Styling at Kia Motors

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Australian Open 2018 Kia Fleet Handover Ceremony

Kia Motors has continued its crucial role in keeping the Australian Open mobile, supplying a fleet of 120 vehicles to ensure players, officials, the public and the media are all where they nee

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After a nine-year run, the small but influential website The Awl is shutting down, along with its sister publication The Hairpin. The sites are the latest in a string of small publications to

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Ford gives disappointing outlook, says turnaround to take years

DETROIT (Reuters) - Ford Motor Co (F.N) on Tuesday estimated financial results for 2017 and 2018 that fell short of investor expectations, in a downbeat forecast that contrasted with a more po

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Everlane’s first store is temporarily closed because its flooring couldn’t handle a New York winter

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Home Depot has held internal discussions in recent months about a potential acquisition bid for XPO, a $9 billion publicly traded company that offers transportation, delivery and other logisti

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Craigslist competitor Letgo tried to engage its rival OfferUp in merger talks

One of the startups trying to unseat Craigslist as the U.S. leader in online local commerce tried to engage one of its heavily funded rivals in merger talks, multiple sources told Recode.</div

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Domino’s Pizza’s stock price grew faster than Amazon’s, Apple’s or Google’s under its departing CEO

When Patrick Doyle took over as CEO of Domino&rsquo;s Pizza in 2010, the massive pizza chain was basically in shambles. &nbsp; Eight years later, Doyle is steppin

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SoftBank considers IPO for Japan wireless unit, said to seek $18 billion

TOKYO (Reuters) - SoftBank Group Corp said on Monday it was considering listing its Japanese wireless business, seeking to raise a reported $18 billion in a move that would accelerate the cong

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Spotify&rsquo;s top content executive is leaving, just ahead of the streaming music company&rsquo;s planned public offering. &nbsp; Stefan Blom, Spotify&rsquo;s c

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Digital media companies are headed for a crash, Hearst Magazines president David Carey says

Two-thirds of the profits at Hearst Magazines are still coming from print. And unlike other magazine publishers, David Carey says he&rsquo;s in no rush to change that. &nbsp;</d

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Facebook is testing a new section of the app specifically for local news and events

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IBM names James Kavanaugh as CFO, replacing Schroeter

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Morgan Stanley announced Thursday a new class of 153 new managing directors, according to a person familiar with the matter. &nbsp; Of the new promotions, 64% cam

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Uber reportedly disrupted government investigations for almost 2 years with a 'secret' system called 'Ripley'

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Uber rival Taxify expands into Lisbon while eyeing fresh funding

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The State Department has overhauled its system for issuing travel advisories to make them easier to understand

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ProShares and VanEck are withdrawing their requests for bitcoin ETFs

Two financial services giants - ProShares and VanEck - are withdrawing requests to the Securities and Exchange Commission to list bitcoin ETFs. &nbsp; VanEck, whi

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AirAsia explores India unit IPO, seeks partner for services business

SINGAPORE (Reuters) - Malaysia-based AirAsia Bhd is considering an initial public offering for its Indian unit and seeking a partner for its services business, the carrier&#39;s group chief ex

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The chief investment strategist at $6 trillion fund giant BlackRock says Trump's trade policy is the biggest risk to markets

As stocks continue their relentless pursuit of new record highs, and as the global economy grows at a steady clip, it&#39;s easy to assume that market is free of risk. &nbsp;</d

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GoPro's plunging stock made short sellers $45 million in a single day

While GoPro &#39;s stock came under serious pressure on Monday, there was one clear winner in its investor base: traders betting against the company. &nbsp; They

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Warren Buffett's Berkshire Hathaway could get a $37 billion windfall from tax cuts

Warren Buffett&#39;s Berkshire Hathaway could be one of the biggest beneficiaries of tax reform in the insurance sector, according to Barclays. &nbsp; The company

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Toyota and Pizza Hut are teaming up to make self-driving cars that could deliver pizza

Toyota and Pizza Hut are teaming up to make pizza delivery more efficient, which could eventually lead to self-driving pizza cars. The companies announced the partnership on Monday. <di

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A crypto expert explains the difference between the two largest cryptocurrencies in the world: bitcoin and Ethereum

Lex Sokolin, Autonomous Research&#39;s director of fintech strategy, talks with Business Insider executive editor Sara Silverstein about the differences between bitcoin and Ethereum. Following

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Asia stocks saunter toward historic high, U.S. earnings hurdle

SYDNEY (Reuters) - Asian shares crept toward all-time peaks on Monday after Wall Street boasted its best start to a year in over a decade, with brisk economic growth and benign inflation provi

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Nvidia partners with Uber, Volkswagen in self-driving technology

LAS VEGAS (Reuters) - Nvidia Corp will partner with Uber Technologies Inc and Volkswagen AG as the graphics chipmaker&#39;s artificial intelligence platforms make further gains in the autonomo

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LeEco repays part of China Merchant Bank debt

SHANGHAI (Reuters) - LeEco has repaid HK$807 million ($103.20 million) of a debt owed to China Merchants Bank and will seek to negotiate with the creditor to secure the release of some of its

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Maduro says Venezuela will issue $5.9 billion in oil-backed cryptocurrency

CARACAS (Reuters) - President Nicolas Maduro said on Friday that Venezuela would issue 100 million units of its new oil-backed cryptocurrency in coming days, although it is unclear whether any

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In test for Powell, internal groundswell grows to rethink Fed's inflation approach

PHILADELPHIA (Reuters) - Pressure is building within the Federal Reserve for incoming Chairman Jerome Powell to consider a new strategy for raising U.S. inflation after more than five years of

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CME Group expands private trades in grain markets, raising worries

CHICAGO (Reuters) - Exchange-operator CME Group Inc (CME.O) will allow a type of privately negotiated transaction in all its agricultural markets for the first time on Monday, splitting trader

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Uber ex-CEO Kalanick selling nearly a third of stake for $1.4 billion: source

(Reuters) - Uber Technologies Inc co-founder Travis Kalanick, who was ousted as chief executive in June, is selling nearly a third of his 10 percent stake in the ride-services company for abou

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Macy's raises its guidance after a solid holiday season

Macy&#39;s is slipping ahead of Thursday&#39;s opening bell, down 1.74% at $24.90, despite the company posting positive comparable sales for the holiday season and the company raising its annu

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A $9 billion robo-adviser going all in on automation just landed $75 million

Tiger Global Management is making a big bet on a California investing startup. &nbsp; Wealthfront, a robo-adviser with more than $9 billion under its management,

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BlackBerry surges on deal with Baidu for self-driving cars

(Reuters) - BlackBerry Ltd and Chinese internet search firm Baidu Inc on Wednesday signed a deal to jointly develop self-driving vehicle technology, sending BlackBerry&#39;s Toronto-listed sha

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We drove the $136,000 Mercedes-Benz G-Wagon and finally understand why it's an automotive legend

As an auto journalist, I drive more than 70 cars a year . And yet, there are few vehicles I&#39;ve been more excited to experience than the Mercedes-Benz Gelandewagen. Or as it&#39;s more comm

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Southwest and American Airlines celebrate the GOP tax plan with $1,000 bonuses for employees

Southwest and American Airlines have joined a handful of corporate giants that have announced $1,000 employee bonuses following the GOP tax overhaul that President Donald Trump signed into law

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Warren Buffett has won his $1 million bet against the hedge fund industry

&nbsp; &nbsp; Home&rsaquo;Markets&rsaquo;Warren Buffett Has Won His $1 Million Bet Against The Hedge Fund Industry Warren Buffett has won his $1 mi

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Domino's CEO throws shade at Walgreens and says the pizza chain has a better rewards program

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Citigroup hired a former Goldman Sachs banker to cover a booming Wall Street business

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DoorDash has hired ex Twitter and Groupon execs to spearhead big expansion plans

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Amazon CEO and world's richest man Jeff Bezos is hardly ever on his phone

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SoftBank says considering investment in Uber but no final agreement reached

TOKYO (Reuters) - Japan&#39;s SoftBank Group Corp said on Tuesday it was considering investing in Uber Technologies Inc but there was no final agreement at this stage. &nbsp;</d

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Uber's South Asia policy chief quits in latest senior departure

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Gaming firm Razer rises more than 40 percent in Hong Kong debut

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Hasbro and Mattel are reportedly closer to creating a giant toy company

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Walmart might have to pay an Army veteran $7.5 million after he broke his hip while buying a watermelon

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Trump's DOJ reportedly demands Time Warner sell CNN - or AT&T deal gets blocked

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Snapchat's biggest redesign ever is planned for December 4 - here's how it will work

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Panera's CEO and founder has announced his plans to step down after the chain reveals a major acquisition

Panera Bread announced two huge pieces of news on Wednesday: the fast-casual chain is acquiring rival Au Bon Pain , and its founder is stepping down as CEO. &nbsp;

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A pair of investing startups are in a public spat about the future of real-estate investing

Silicon Valley and Wall Street are crowded with startups promising small investors better returns and new ways to access markets like real-estate. &nbsp; Now, a d

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Self-driving cars will radically transform the passenger experience

Tesla, General Motors, and a slew of other tech and auto companies are racing to get self-driving vehicles on the road. Although we&#39;re still several years away before a full

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The MINI Countryman hybrid is the funkiest SUV you can buy - here's what it's like to drive

One thing is perfectly clear with the MINI Countryman: this is not an ordinary SUV. It has bug-eye headlights and way too many embellishments for a traditional ride in New Jerse

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United Airlines will soon let you name your price for giving up your seat on an overbooked flight

Since the violent removal of a David Dao from a flight in April, United Airlines has implemented a series of passengers friendly policy changes aimed at improving their public image that has t

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YouTube wants to make it easier for marketers to make thousands of different ads

YouTube is rolling out a new tool, called Director Mix, to make it easier for marketers to churn out hundreds, if not thousands of variations of video ads. The company is on a m

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Zuckerberg nixes new Facebook share class after shareholder lawsuit

Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain control over t

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'Unfit' Uber stripped of London licence, CEO tweets 'pls work w/us'

Uber faces having to withdraw ride hailing services in London, its busiest European market, after local regulator Transport for London pulled the company&#39;s licence for private hire cabs on

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Companies Can Now Have Only Two Layers Of Subsidiaries

Corporates can have only two layers of subsidiaries under the companies law, with the government putting in place stricter norms as it continues with the clampdown on illicit fund flows.

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Bengaluru Based Chimple Selected As A Finalist Of Global Learning XPRIZE, Wins $1 Mn Funding

Global Learning XPRIZE Has Selected Five Finalists To Deploy Solutions In Africa For The $10 Mn Grand Prize Bengaluru-based edtech startup Chimple has won $1 Mn funding from Glo

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Four Car Enthusiasts Turned Their Passion Into An IoT Startup: Carnot To Disrupt $30.21 Bn Vehicle Diagnostics Market

Carnot Claims To Have 4,000 Monthly Active Users Of Its Vehicle Diagnostics Solution Within A Year Rohan Vadgarkar, Pushkar Limay, Urmil Shah and Prathmesh Joshi have several th

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Rio Tinto to increase share buybacks by $2.5 billion

Flush with cash, Rio Tinto (RIO.L) (RIO.AX) said it would buy back an additional $2.5 billion worth of its shares, dishing out the proceeds from a sale of coal assets earlier than some had exp

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ONGC sells Nov Sokol crude at highest premium in 2017: sources

&nbsp;India&#39;s ONGC Videsh has sold a cargo of Russian Sokol crude loading in November at its highest premium in 2017 on robust demand in Asia, two trade sources said on Friday. <div

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China online insurer ZhongAn prices HK IPO at top end, raises $1.5 billion: IFR

ZhongAn Online Property &amp; Casualty Insurance Co priced its IPO at the top of an indicated range, raising $1.5 billion in Hong Kong&#39;s biggest ever financial technology stock offering, I

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Reliance Home Finance debuts at Rs 107 on NSE

Mumbai, Sep 22 (IANS) Housing finance company Reliance Home Finance Ltd (RHFL) -- part of Anil D Ambani-led Reliance Group -- on Friday debuted on the NSE at Rs 107.20. &nbsp;</

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Indonesian Startups Raised $3 Bn In 53 Investment Deals Between January & August 2017: Report By Google & AT Kearney

Investment In The Indonesian Startup Ecosystem Has Increased 68 Times In The Last Five Years, The Study Revealed Indonesia &ndash; the land of a thousand kings. An exotic countr

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Seattle has entered the vicious $5 billion battle for Amazon's second headquarters - here's why that's a terrible idea

Seattle - home of Amazon&#39;s current headquarters - also wants to be the site of the e-commerce giant&#39;s second headquarters. Bruce Harrell, during his recent short-lived r

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Tesla is reportedly working on its own chip to power self-driving cars

Tesla is taking steps to decrease its reliance on Nvidia , which has supplied the electric automaker with the graphic processing units powering Tesla&#39;s Autopilot and future self-driving sy

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Google acquires HTC team in $1.1 billion agreement to beef up hardware division

Google has signed a $1.1 billion dollar cooperation agreement with HTC, the technology company said in a statement on Thursday, after trading of HTC shares were halted on Taiwan&#39;s stock ex

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SBI Life IPO opens; raises Rs. 2,226 cr from anchor investors

September 20, 2017: &nbsp; SBI Life Insurance Company has raised Rs. 2,226 crore from anchor investors as its initial share sale opened for public subscription today. <di

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It looks like Google is set to reveal a $49 rival to Amazon's popular Echo Dot

Google is holding a big launch event on October 4th , but somebody let the cat out of the bag early. &nbsp; On Tuesday, Droid Life published pictures allegedly of

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Pinterest is launching a self-serve platform to make it easier for brands to work with influencers

Pinterest has unveiled a new self-serve tool which promises to help advertisers connect with influencers and quickly develop ads for the visual search platform at scale. &nbsp;<

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Apple has a surprisingly wide range of iPhones for all types of people right now

Apple just announced a new iPhone that costs $1,000 to start. Cue the outrage! &nbsp; Yes, $1,000 is an outrageously high price for what is functionally similar t

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Amazon just made a huge change to its $12 billion cloud computing juggernaut

When Amazon launched Amazon Web Services in 2006, it sparked a cloud computing revolution . No longer would programmers have to buy, build, and maintain their own servers. Now,

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Biometrics like Face ID are coming to your smartphone whether you like it or not

The iPhone X got a lot of buzz last week for many reasons, but one feature that really grabbed people&#39;s attention was Face ID - the facial recognition software used for unlocking the phone

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A company that wants to use ultrasounds to deliver drugs just raised money from MIT's new $170 million venture fund

A company that&#39;s come up with a way to deliver drugs using ultrasounds just became the first biotech to get funding from MIT&#39;s new $170 million venture fund.&nbsp; &nbsp

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Australian moguls lose court challenge to CBS's planned buyout of Ten Network

Two Australian media moguls have lost a court challenge to CBS Corp&#39;s planned buyout of bankrupt television broadcaster Ten Network Holdings Ltd, allowing the CBS deal to be put to a credi

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China's Fosun Pharma to buy smaller stake in Gland Pharma for $1.1 billion

&nbsp;Shanghai Fosun Pharmaceutical Group is trimming the size of the stake it will buy in India&#39;s Gland Pharma to 74 percent for $1.1 billion, in a bid to salvage the stalled deal that wo

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Singapore August exports rise most in six months on electronics, China shipments

Singapore&#39;s non-oil domestic exports (NODX) surged in August from a year earlier at the strongest pace in six months, led by solid shipments of electronics and robust sales to China.

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Banks Reap A Windfall In Insurance Arm IPOs

Initial public offerings of insurance companies have brought a windfall for lenders as they ride on a stock market rally and growing demand for financial assets to take their subsidiaries publ

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CNN is ramping up its tech coverage with a new venture titled 'Pacific'

CNN is set to launch a new technology-focused vertical about the changing media landscape on the West Coast. Titled &quot;Pacific,&quot; the new franchise will be led by Senior

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Google.com was created 20 years ago - here's what it looked like when it first launched

Google.com was registered 20 years ago, on September 15, 1997 , according to Icann, the organization that regulates domain names.&nbsp; &nbsp; Google acknowledged

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2 cofounders at the startup stock exchange taking on Wall Street give their best career advice

Brad Katsuyama and Ronan Ryan know what it takes to stand out on Wall Street. &nbsp; The cofounders of IEX, the exchange operator made famous in Michael Lewis&#39

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Oracle stock dropped almost 8% after it gave a disappointing earnings forecast

Investors weren&#39;t happy with Oracle&#39;s latest earnings forecast and made their feelings known Friday. Oracle&#39;s stock fell as much as 8.2% in regular trading before cl

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UBER'S NEW CEO KNOWS MANY TRICKS—HE'LL NEED THEM ALL

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FCC’S BROKEN COMMENTS SYSTEM COULD HELP DOOM NET NEUTRALITY

the Federal Communications Commission invited the American people to weigh in on whether the federal government should roll back the rules currently in place to protect net neutrality. By the

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APPLE’S ‘NEURAL ENGINE’ INFUSES THE IPHONE WITH AI SMARTS

&nbsp;Tim Cook introduced the iPhone X Tuesday he claimed it would &ldquo;set the path for technology for the next decade.&rdquo; Some new features are superficial: a near-borderless OLED scre

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BIAS SUIT COULD BOOST PAY, OPEN PROMOTIONS FOR WOMEN AT GOOGLE

Google systematically discriminates against women in pay and promotion could force the search giant, and other Silicon Valley companies, to change hiring and promotion practices.

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The tech pioneer who helped found CNET is aiming to build a new digital media voice empire

Shelby Bonnie was one of the earliest pioneers in digital publishing when in 1993 he and Halsey Minor cofounded the tech site CNET. &nbsp; Now Bonnie sees a chanc

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Elon Musk says Tesla will unveil its new big-rig truck in October

Tesla CEO Elon Musk just announced that he will unveil his company&#39;s first electric semi-truck on October 26 in Hawthorne, California. &quot;Worth seeing this beast in perso

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Startup lending company SoFi says a critical report in The Times "reflects a lack of understanding of our business"

Social Finance has gone on the defensive following reports that problems within the internet financing company may go well beyond its cofounder, Mike Cagney. Cagney on Monday re

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'Bodega' startup forced to apologize after furious criticism of its name

Bodega , a new startup with plans to replace the corner store with eight-foot cabinets full of essentials, went under fire today on social media. Many users criticized the start

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Read Yelp's full letter to the FTC accusing Google of violating its deal with the government

Yelp escalated its battle with Google this week with a letter to the US Federal Trade Commission claiming that Google was breaking the terms of a settlement by using images from Yelp in search

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There's a new twist in the $5 billion bidding war for Amazon's new HQ

Amazon is denying reports that Boston is pulling ahead in the $5 billion bid for its Amazon&#39;s new headquarters.&nbsp; Several senior executives have endorsed the city as a l

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The Equifax breach proves destructive cyberattacks are only going to get worse

Overlooked among the stark headlines of the sheer scale of personal information hackers stole from credit monitor Equifax, was a Symantec report demonstrating that Dragonfly, a cyber-espionage

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The WeWork Story: How Adam Neumann Is Changing The Way We Work And Live

The homepage of the WeWork website, the $20 Bn valued global network of workspaces, says this is &lsquo;The Future Of Work&rsquo;. The question is, how far ahead? &nbsp;

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Nikkei boosted to near 1-month high by Wall Street, financial firms

TOKYO, SEPT 12: &nbsp; Japanese stocks climbed to near their highest in a month on Tuesday with all sectors rising after Wall Street soared overnight. Financial stocks outperfor

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I flew on Honda's new $4.5 million private jet and it's an absolute gamechanger

The HondaJet entered production in 2015. The jet has a range of around 1,400 miles with four passengers and can go from Boston to Ft. Lauderdale, Florida in less than three hour

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The iPhone X is rumored to have an OLED screen - here's what OLED is and how it's different from past iPhones

Apple is set to announce a slew of new products on Tuesday, including three new iPhones: The iPhone 8, iPhone 8 Plus, and iPhone X. There are said to be several major difference

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Paul Ryan responds to rumors he's mad about Trump's grand deal with Democrats

House Speaker Paul Ryan insisted he is not worried about a deal President Donald Trump struck with Democrats Nancy Pelosi and Chuck Schumer bundling hurricane relief with agreements on governm

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Alex Smith is one of the first NFL players wearing a revolutionary new helmet designed to reduce concussions

While the controversy over concussions in the NFL rages on, Kansas City Chiefs quarterback Alex Smith is one of the first players using a new helmet that is like nothing seen in the NFL before

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The US Navy will soon have an aircraft carrier full of F-35s on North Korea's doorstep

The US Navy&#39;s USS Wasp helicopter carrier will replace the USS Bonhomme Richard in the 7th Fleet&#39;s forward-deployed base at Sasebo, Japan, thereby giving the US an F-35 compatible airc

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All 5 former living presidents are teaming up to raise money for hurricane victims

All five living former US presidents are teaming up to urge people to donate to the recovery and relief efforts for Hurricanes Harvey and Irma. The &quot;One America Appeal,&quo

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quifax says 3 top execs 'had no knowledge' of a massive security breach when they sold nearly $2 million in shares after the hack was discovered

Equifax said three top executives who sold nearly $2 million in company stock before a massive security breach was announced &quot;had no knowledge&quot; of the incident beforehand, according

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Essar to invest $250 million in its UK refinery

Essar Oil UK is to invest $250 million in its British refinery Stanlow, a sign of its commitment to the British market in spite of challenges including Brexit and the government&rsquo;s commit

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Larry Ellison won't get paid any more equity until he gets Oracle's stock up to $80

If Oracle CTO and renowned billionaire Larry Ellison wants to get any wealthier, he&#39;s going to have to do right by shareholders. The company just revealed a new, 100% perfor

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A exec who worked with Steve Jobs for 26 years explains what everyone gets wrong about him

There&#39;s a legend that surrounds Steve Jobs. He is described as brilliant and tone-deaf, dynamic but with a sharp tongue . There&#39;s a bunch of movies and books out there that seek to des

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A biotech CEO who sold his last company for $14 billion explains what it takes to build a company

David Hung knows a thing or two about building companies. Now the CEO of Axovant, a company that has a shot to launch the first new Alzheimer&#39;s drug in 15 years , Hung had p

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Amazon is the new Walmart - and Whole Foods just inherited all of the e-commerce giant's baggage

Amazon is already changing Whole Foods - and it&#39;s a departure from the grocery chain&#39;s hippie roots. Amazon is increasingly being painted as the &quot;new Walmart,&quot;

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Nissan hopes to reel in Tesla with the new 2018 Leaf, but it may already be too late

LAS VEGAS - Nissan, the Japanese automaker best-known for its fuel-efficient, reasonably priced sedans and crossovers, and the race-bred 370Z and GT-R, also has the best-selling electric car o

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Gold hits highest in nearly a year as N.Korea tensions rise

LONDON (Reuters) - Gold prices shot up on Monday to their highest in close to a year as investors bought safe-haven assets on worries that North Korea might launch more missiles after its sixt

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China services sector expands by most in three months in August - Caixin PMI

BEIJING (Reuters) - China&#39;s services sector expanded at a faster clip in August as new business orders picked up, a private business survey showed on Tuesday, pointing to renewed strength

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China pledges small increase in funding for BRICS

BEIJING (Reuters) - China will give 500 million yuan ($76.4 million) for a BRICS economic and technology cooperation plan, and another $4 million for projects at the BRICS countries&#39; New D

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Key fuel lines restart as concerns ease over supply crunch after Harvey

HOUSTON (Reuters) - Two key fuel pipelines were set to start up on Monday after certain segments in Texas were shut because of Hurricane Harvey, helping alleviate concerns about rising retail

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At Chinese border, North Korean investment opportunities abound (in theory)

TUMEN, China (Reuters) - If you have 800 million yuan ($120 million) to spare, you could invest in slot machines and roulette tables to fill casinos in North Korea&#39;s Namyang International

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VW brand chief vows to boost SUVs sales, U.S. market share

CHATTANOOGA, Tennessee (Reuters) - A top executive of German automaker Volkswagen AG (VOWG_p.DE) said Thursday the company expects to boost its sport-utility vehicle sales sharply by 2020 and

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Mexico, Canada to stay in NAFTA even if U.S. leaves - minister

MEXICO CITY (Reuters) - Mexico and Canada would remain in the North American Free Trade Agreement (NAFTA) even if the Trump administration abandoned the accord, Mexican Economy Minister Ildefo

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U.S. senator urges Trump to tap fuel, oil reserves in Harvey's wake

WASHINGTON (Reuters) - A Democratic senator on Wednesday urged U.S. President Donald Trump to tap the country&#39;s emergency gasoline or crude oil reserves to help alleviate motor fuel price

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Moody's says G20 GDP growth to exceed 3 percent, warns of geopolitical risks

HONG KONG (Reuters) - Moody&#39;s Investors Service kept its forecast for G20 economic growth at just over 3 percent for this year and next, but warned of geopolitical risks, U.S. protectionis

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Exclusive - Tesla's 'long-haul' electric truck aims for 200 to 300 miles on a charge

SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) next month plans to unveil an electric big-rig truck with a working range of 200 to 300 miles, Reuters has learnt, a sign that the electric car mak

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AirAsia CEO says leasing unit sale is 'imminent'

MONTREAL (Reuters) - AirAsia Bhd (AIRA.KL) Chief Executive Tony Fernandes said on Thursday that the Malaysia-based carrier&#39;s expected sale of its leasing unit to a South Korean group was &

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Total is buying Maersk Oil in a $7.5 billion deal

PARIS/COPENHAGEN (Reuters) - Total is buying Maersk&#39;s oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and b

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Amazon deal for Whole Foods wins U.S. regulatory, shareholder approvals

WASHINGTON/SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market Inc (WFM.O),

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European companies seek help dealing with activist investor threat

LONDON (Reuters) - European companies are being told by their advisers to open up and engage more with existing shareholders to fend off the increasing threat from activist investors, who forc

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North American exodus at PetroChina sparks speculation of company shift

NEW YORK (Reuters) - A flurry of departures across the U.S. and Canadian units of Chinese state energy firm PetroChina Co Ltd &lt;601857.SS&gt; have sparked speculation that the oil trader is

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Oil prices fall on concerns of oversupply as Libyan output recovers

SINGAPORE (Reuters) - Oil prices fell on Wednesday, weighed down by concerns of oversupply as Libyan output improves and as U.S. gasoline inventories rose despite the peak summer driving seaso

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U.S. board to vote on likely cause of Tesla 'Autopilot' crash

WASHINGTON (Reuters) - The U.S. National Transportation Safety Board will vote at a Sept. 12 hearing on the probable cause of a May 2016 crash that killed a man using the semi-autonomous drivi

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ICE cotton up for third straight session on short-covering

ICE cotton gained on Monday for a third straight session as investors covered their short positions after heavy rains in U.S. growing regions hurt output. &nbsp;

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Hyundai Merchant Marine says in talks with BlackRock about potential investment

SEOUL (Reuters) - South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) is in talks with BlackRock Inc about a potential investment but details have yet to be discussed, a HMM spokesman sa

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Money laundering probe exposes Australian banks' compliance frailties

HONG KONG/SYDNEY (Reuters) - A money laundering probe at Commonwealth Bank of Australia is the latest in a slew of scandals denting the reputation of Australian banks as simple, reliable lende

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Exclusive - Citigroup tops bank group for Petrobras unit IPO - source

SAO PAULO (Reuters) - Citigroup Inc (C.N) and seven other banks will underwrite the initial public offering of Petr&oacute;leo Brasileiro SA&#39;s fuel distribution unit, which will likely occ

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China's probe into chicken imports new blow to Brazil meat industry

BEIJING/SAO PAULO (Reuters) - China has launched an anti-dumping investigation into imports of Brazilian broiler chicken in another blow for the South American country&#39;s meat industry and

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Infosys Board Approves Rs 13,000 Crore Share Buyback

Infosys Ltd. approved a Rs 13,000 crore share repurchase to improve returns for stake holders. &nbsp; The board of the country&rsquo;s second-largest software ser

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Rally In Base Metals Can Sustain Through End Of This Year, SocGen Says

A strong start to the year, a weak patch from February-end till June and a thumping rally since then. That&rsquo;s been the trajectory of base metals so far in 2017. &nbsp;</div

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China's new home price growth continues to slow in July

BEIJING (Reuters) - Growth in new home prices slowed in China in July with Beijing prices down for a second straight month, reinforcing expectations of further slowing later this year.

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Hyundai plans long-range premium electric car in strategic shift

SEOUL (Reuters) - Hyundai Motor Co said on Thursday it was placing electric vehicles at the centre of its product strategy - one that includes plans for a premium long-distance electric car as

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Thousands of Mexicans march to scrap NAFTA, as government fights to save it

MEXICO CITY (Reuters) - While Mexican government negotiators fought tooth and nail to save the North American Free Trade Agreement during talks in Washington, thousands of Mexican farmers and

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Tech companies ramp up NAFTA lobbying on eve of trade talks

WASHINGTON (Reuters) - Technology companies, such as Microsoft (MSFT.O) and Cisco Systems (CSCO.O) have ramped up lobbying ahead of talks to renegotiate the North American Free Trade Agreement

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Gold prices firm ahead of Fed minutes

BENGALURU (Reuters) - Gold prices inched up early on Wednesday after two days of losses, with investors awaiting minutes from the U.S. Federal Reserve&#39;s last meeting in July for clues on t

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US orders probe into China’s ‘unfair’ trade

Washington: US President Donald Trump on Tuesday ordered a probe into China&rsquo;s &ldquo;unfair&rdquo; trade practices and &ldquo;theft&rdquo; of American intellectual property, drawing a sh

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Britain says Brexit talks should move to next phase, as ministers show unity

LONDON (Reuters) - Britain said on Sunday that it wants talks with the EU to move on to the next phase, as it set out details of the future relationship it wants with the bloc and senior minis

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Japan Q2 GDP blows past expectations on robust domestic demand

TOKYO (Reuters) - Japan&#39;s economy expanded at the fastest pace in more than two years in the second quarter as consumer and company spending picked up, highlighting a long-awaited bounce i

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Dabur Tunisie to be dissolved, liquidation under way

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Bank of England says Brexit transition desirable for UK, EU banks

LONDON (Reuters) - The Bank of England said a transition period after the Britain leaves the European Union would give banks more time to make orderly changes as Brexit poses risks to financia

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National Reinsurer GIC Re Files Draft Prospectus For IPO

The national reinsurer, GIC Re, filed its draft red herring prospectus (DRHP) for public listing with market regulator SEBI on Monday, a senior official from the company said. &

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UK recruiters blame Brexit as staff shortage worsens: REC

LONDON (Reuters) - A shortage of staff for British employers worsened in July, hurt by the departure of European Union workers after last year&#39;s Brexit vote, a group representing recruitme

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Toshiba shares jump on report that auditor to sign off on results

TOKYO (Reuters) - Toshiba Corp&#39;s auditor will sign off on its annual financial results after months of being at odds with the embattled conglomerate - in a step that would lessen the risk

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Google employee's anti-diversity memo prompts company rebuke

REUTERS - Google executives over the weekend rushed to denounce an engineer&#39;s memo that ascribed gender inequality in the technology industry to biological differences, a view that sparked

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Apple to launch watches that can make calls: Bloomberg

(Reuters) - Apple Inc (AAPL.O) plans to release a version of its smartwatch later this year that can connect directly to cellular networks, Bloomberg reported on Friday, citing people familiar

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Google tests publishing tech similar to Snapchat: source

(Reuters) - Alphabet Inc&#39;s (GOOGL.O) Google is developing technology that media companies could use to create stories similar to those found on Snapchat&#39;s &quot;Discover&quot; platform

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Toyota plans truck, possibly SUV production in Mexico after Trump threat

MEXICO CITY (Reuters) - Toyota Motor Corp said on Friday it planned to build pickup trucks and possibly SUVs at a new plant in Mexico, a move that followed threats by U.S. President Donald Tru

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Singapore's DBS second-quarter profit up 8.5 percent on loan growth, flags pressures on asset quality

SINGAPORE (Reuters) - Singapore&#39;s biggest lender, DBS Group Holdings, reported an 8.5 percent increase in quarterly profit that came in line with market expectations, boosted by strong loa

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Exclusive: China in talks to sell electricity to Myanmar amid warming ties

YANGON (Reuters) - Energy-hungry Myanmar is in initial talks to buy electricity from China, according to officials and documents reviewed by Reuters, in the latest sign of warming ties with Be

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Singapore's GIC, Canadian pension fund to invest $1 billion in U.S. talent firm

REUTERS - U.S. talent management agency WME-IMG, which counts Japan&#39;s SoftBank Group (9984.T) among its investors, said it would receive a $1 billion investment from Canada&#39;s largest p

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Toshiba to invest in chip line without JV partner Western Digital

TOKYO (Reuters) - Toshiba Corp said on Thursday it would go ahead with the capital investment to build a new memory chip production line without joint venture partner Western Digital Corp as t

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U.S. Senate Democrats question if they can trust EXIM Bank nominee to support its mission

WASHINGTON (Reuters) - Eight U.S. Senate Democrats questioned on Tuesday whether they could trust President Donald Trump&#39;s nominee for the top job at the U.S. Export-Import Bank to support

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UAE says measures against Qatar do not violate WTO agreements

DUBAI (Reuters) - Economic sanctions imposed on Qatar by three fellow Gulf states do not violate World Trade Organisation agreements, a United Arab Emirates official said, after Doha launched

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Shell invests in Singapore solar firm Sunseap; eyes solar projects

SINGAPORE (Reuters) - Royal Dutch Shell has invested in Singapore-based solar firm Sunseap Group for an undisclosed sum as part of a planned collaboration on solar projects in the Asia-Pacific

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Discovery aims for content clout with Scripps Network bid

NEW YORK (Reuters) - Discovery Communications Inc is acquiring Scripps Networks Interactive Inc for $11.9 billion in a deal expected to boost the company&#39;s negotiating leverage as it seeks

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Startups with unique names get more funding— at least in the beginning

(Google co-founders Larry Page, left, and Sergey BrinBen Margot/AP Images)&nbsp; As if having an awesome product isn&#39;t hard enough: A study published in the peer-reviewed ac

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HSBC says first-half profit rose 5 percent, announces up to $2 billion share buyback

HONG KONG/LONDON (Reuters) - HSBC Holdings PLC on Monday said profit rose 5 percent in the first half of the year, beating analyst estimates, and announced its third share buyback in the past

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Asia stocks start data-heavy week with gains; dollar creeps up

SINGAPORE (Reuters) - Asian shares turned positive on Monday, shrugging off a new North Korean missile test as investors turned their attention to a raft of global economic data and earnings t

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Audi faces biggest management reshuffle in years: sources

MUNICH (Reuters) - Volkswagen&#39;s embattled brand Audi is facing the biggest reshuffle of its management board in years with four out of seven executives earmarked for dismissal, people fami

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Tesla's Musk hands over first Model 3 electric cars to early buyers

FREMONT, Calif. (Reuters) - Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, s

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SEBI Sets Framework For Exchanges, Clearing Corporations At IFSC

A domestic or foreign bourse can set up an exchange in the IFSC with at least 51 percent stake while the remaining can be held by other exchanges or banks, among others, with an individual cap

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Starbucks to buy remaining stake in East China JV for $1.3 bln

(Reuters) - Coffee chain Starbucks Corp (SBUX.O) said on Thursday it would buy the remaining 50 percent share of its East China business from its joint venture (JV) partners for about $1.3 bil

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Samsung Electronics expects continued chip boom after record second quarter profit

SEOUL (Reuters) - Samsung Electronics Co Ltd &lt;005930.KS&gt; on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit f

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Deutsche Bank posts unexpectedly sharp rise in second-quarter profit

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) posted a sharp rise in second-quarter net profit to 466 million euros ($547 million) on Thursday, benefiting from lower legal costs for past misd

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Citigroup sets new focus on growth at first investor day since crisis

NEW YORK (Reuters) - Citigroup Inc (C.N) management outlined an ambitious plan on Tuesday to grow profits and return at least $60 billion to shareholders, setting a new tone at the first major

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Hyundai Motor Q2 net profit halves as China, U.S. sales sag

SEOUL (Reuters) - Hyundai Motor&#39;s bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentiv

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Dollar recovers from 13-month low on strong PMI readings, Asia stocks tread water

SINGAPORE (Reuters) - The dollar held above a 13-month low on Tuesday after readings on U.S. factory and services activity beat expectations ahead of the start of a Federal Reserve meeting lat

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After $50 bln deal spree, China's HNA moves to clear ownership concerns

LONDON (Reuters) - Chinese conglomerate HNA Group has pushed back against media reports that it faces mounting pressure from bankers and regulators, even as it announced a shareholding shake-u

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Southeast Asia's Grab to get $2.5 billion extra firepower in battle with Uber

Southeast Asian ride-hailing service Grab expects to raise $2.5 billion in a record round of fundraising to cement its lead over Uber Technolgies Inc in the region and grow its payments platfo

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Philips reports Q2 profit growth with strong order intake

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Facebook Inc. is taking another stab at turning its Oculus Rift virtual reality headset into a mass-market phenomenon.

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Uber is Merging with Yandex in $3.7 Billion Russian Ride-Hailing Deal

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China's CITIC Agri Fund buys Dow corn seed assets for $1.1 billion

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GM shareholders to decide on Greenlight stock plan, board challenge

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State Bank of India head says Essar-Rosneft deal to close in June

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How PPG lost its $29.5 billion bet on Dulux paint

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Oil prices slide amid glut concerns, U.S. withdrawal from climate deal

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Eicher Motors’ Sales Jump 25% In May, Exports Outperform

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Toshiba moves back some chip unit assets to ward off Western Digital's legal claim

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