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Toyota set to sell long-range, fast-charging electric cars in 2022: paper

TOKYO (Reuters) - Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday. Toyota's new electric car, to be built on an all-new platform, will use all-solid-state batteries, allowing it to be recharged in just a few minutes, the newspaper said, without citing sources. By...
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Madrid asks anti-trust watchdog to probe Uber's new airport service

MADRID (Reuters) - Authorities in Madrid asked Spain's anti-trust watchdog on Saturday to investigate whether Uber's new low-cost airport transfer service constitutes unfair competition. The city council's request follows the ride-hailing app's return to the Spanish capital last year after the CNMC competition regulator called for the government to lift a ban on the U.S. company. The firm's recently launched Uber Airport service offers a ta...
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Toyota eyes mass EV output in China as early as 2019: report

TOKYO (Reuters) - Toyota Motor Corp is likely to begin mass production of electric vehicles (EVs) in China as early as 2019, the Asahi daily reported on Saturday. The model will be based on the C-HR sport utility vehicle and manufactured for Chinese market only, the report said without citing sources. The pace of production is to be decided after taking into account the regulations and the subsidies, the report said, adding that annual outp...
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Musk says he gets OK to start work on New York-Washington 'hyperloop'

SAN FRANCISCO (Reuters) - Tech entrepreneur Elon Musk on Thursday said he had received "verbal" approval to start building a high-speed underground transport system linking New York and Washington that could cut travel time between the cities to about half an hour. Musk, the chief executive of electric car maker Tesla Inc and rocket company SpaceX, is seeking to revolutionize transportation by sending passengers and cargo packed into pods t...
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Google redesigns mobile search app with personalized 'feed'

SAN FRANCISCO (Reuters) - Google on Wednesday announced an overhaul of its search app on mobile phones to include a personalized feed of links about hobbies, travel, sports and other topics, a move that puts the search company into more direct competition with social networks such as Facebook. Google, the world's largest search engine and a unit of Alphabet Inc, said the changes would begin rolling out in the United States on Wednesday and ...
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U.S. appeals court upholds nondisclosure rules for surveillance orders

WASHINGTON (Reuters) - A U.S. federal appeals court on Monday upheld nondisclosure rules that allow the FBI to secretly issue surveillance orders for customer data to communications firms, a ruling that dealt a blow to privacy advocates. A unanimous three-judge panel on the 9th U.S. Circuit Court of Appeals in San Francisco sided with a lower court ruling in finding that rules permitting the FBI to send national security letters under gag o...
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Carlyle to buy airfield lighting group ADB Safegate: sources

LONDON/FRANKFURT (Reuters) - Buyout group Carlyle has agreed to buy airfield lighting group ADB Safegate at a valuation of about 900 million euros ($1 billion) including debt, sources familiar with the matter said. Belgium-based ADB Safegate supplies visual guidance solutions from landing to parking for airplanes, including lighting systems for airport runways as well as docking and tower systems. Private equity group PAI Partners bought AD...
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Calls for law change after Indians left in dark over data leaks

MUMBAI (Reuters) - Fears Indian telecom upstart Reliance Jio suffered a major data breach, compromising the personal data of over 100 million customers, have prompted calls for India to adopt more robust laws to protect consumers. Jio has repeatedly denied any breach took place and said that names, telephone numbers and email addresses of Jio users on a website called "Magicapk" appeared to be "unauthentic." The website was later shut down....
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Kaspersky Lab says it has become pawn in U.S.-Russia geopolitical game

MOSCOW (Reuters) - Russian cyber security firm Kaspersky Lab, reacting to a U.S. government move restricting its activities, said on Wednesday it had fallen victim to U.S.-Russia global sparring while the Kremlin criticized the U.S. action as politically-motivated. The Trump administration on Tuesday removed the Moscow-based firm from two lists of approved vendors used by government agencies to purchase technology equipment, amid concerns i...
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Microsoft vows to bring broadband to millions of rural Americans

WASHINGTON Microsoft Corp ( MSFT.O ) on Tuesday announced an initiative to bring high-speed internet to millions of rural Americans through unused television airwaves in a long-term bet for user growth. The Redmond, Washington, technology company proposed using spectrum typically reserved for TV stations to broadcast high-speed internet to underserved U.S. locations. To start, Microsoft will commit to a five-year effort to bring broadband c...
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India telecom operator Reliance Jio investigating claims of data breach

MUMBAI India's Reliance Jio is investigating whether personal data of over 100 million of its customers had leaked onto a website, in what analysts said could be the first ever large-scale breach at an Indian telecom operator. Jio, India's newest telecoms entrant, said that the data on the website, "Magicapk.com", appeared to be "unauthentic" and that its subscriber data was safe and maintained with the highest security. But people complain...
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Facebook to build housing in Silicon Valley for first time

By David Ingram | SAN FRANCISCO SAN FRANCISCO The shortage of housing in California's Silicon Valley has gotten so severe that Facebook Inc on Friday proposed taking homebuilding into its own hands for the first time with a plan to construct 1,500 units near its headquarters. The growth of Facebook, Alphabet Inc's Google and other tech companies has strained neighborhoods in the San Francisco Bay area that were not prepared for an influx of...
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Google to power Dutch data center with solar energy

AMSTERDAM Google will purchase all the electricity generated by the largest solar park in the Netherlands over the next decade to power a recently opened data center housing thousands of servers, the U.S. internet company and energy provider Eneco said on Friday. It is part of Google's ambition to switch its data centers and offices entirely to renewable energy this year, helped by the steep fall in prices for wind and solar energy. The con...
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With 'sticky' customers, more payments processors may combine for growth

NEW YORK In the world of financial technology, where startups are the focus of M&A chatter, a $10 billion combination of two back-office processors whose roots date to the 1970s might seem unusual. But Vantiv Inc's ( VNTV.N ) plan to acquire Worldpay Group PLC ( WPG.L ) shows that the sheer size of some legacy players - and the inertia of their customers - makes them more interested in buying one another than newer rivals, bankers and a...
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Pressure piles on China's LeEco as some assets frozen after bank complaint

By Jess Macy Yu and Shu Zhang | TAIPEI/BEIJING TAIPEI/BEIJING Struggling Chinese tech group LeEco is under growing pressure from its creditors and business partners, with a court in Shanghai ordering a freeze on some of its assets over late payments to a bank. The latest financial troubles of the conglomerate, which has interests ranging from smart cars to online content, have surfaced days after founder and CEO Jia Yueting said its cash pr...
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'Brain training' app improves memory in people with cognitive decline

LONDON A brain training computer game developed by British neuroscientists has been shown to improve the memory of patients in the very earliest stages of dementia and could help such patients avert some symptoms of cognitive decline. Researchers who developed the "game show"-like app and tested its effects on cognition and motivation in a small trial found that patients who played the game over a period of a month had around a 40 percent i...
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Ukraine points finger at Russian security services in recent cyber attack

KIEV Ukraine said on Saturday that Russian security services were involved in a recent cyber attack on the country, with the aim of destroying important data and spreading panic. The SBU, Ukraine's state security service, said the attack, which started in Ukraine and spread around the world on Tuesday, was by the same hackers who attacked the Ukrainian power grid in December 2016. Ukrainian politicians were quick to blame Russia for Tuesday...
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Chinese telecom firm ZTE to double 5G research spending

By Sijia Jiang | HONG KONG HONG KONG Chinese telecom equipment maker ZTE Corp will double its research spending on fifth-generation mobile network (5G) from this year, the company said, as China steps up the push to build the world's largest 5G network. ZTE said it would invest 2 billion yuan ($295.5 million) in 5G research and development every year starting this year, up from 1 billion yuan invested last year. The budget could rise furthe...
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Telegram app agrees to register in Russia, but not to share private data

MOSCOW Pavel Durov, founder of the Telegram messaging app, agreed on Wednesday for his firm to be registered in Russia after coming under pressure from the authorities to do so, but said it would not share confidential user data with anyone. Russia's communications regulator Roskomnadzor had threatened to block the messaging app if it did not hand over information needed to put the app on an official government list of information distribut...
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At last minute, Western Digital resubmits bid for Toshiba chip unit

TOKYO Western Digital Corp ( WDC.O ) said it and U.S. private equity firm KKR & Co LP ( KKR.N ) have resubmitted a bid for Toshiba Corp's ( 6502.T ) prized flash memory chip unit - an eleventh hour effort to prevent Toshiba signing a deal with its preferred bidder. Western Digital, which jointly runs Toshiba's main semiconductor plant, has been feuding bitterly with its Japanese partner over the sale of the world's No. 2 producer of NAN...
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Australia to seek greater powers on encrypted messaging at 'Five eyes' meeting

SYDNEY Australia said on Sunday it will push for greater powers to tackle the use of encrypted messaging services used by terrorists and criminals at an upcoming meeting of ministers from the "Five Eyes" intelligence network. The United States, United Kingdom, Canada, Australia, and New Zealand, will meet in the Canadian city of Ottawa next week, where they will discuss tactics to combat terrorism and border protection, two senior Australia...
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Tesla, others seek ways to ensure drivers keep their hands on the wheel

By David Shepardson | WASHINGTON WASHINGTON Automakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems, like Tesla’s Autopilot, that allow drivers to take their hands off the wheel. In a report this week on the May 2016 crash of a Tesla Inc ( TSLA.O ) Model S that killed a driver who was using Autopilot, the Nati...
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CEO Zuckerberg tweaks Facebook mission to focus on groups

By David Ingram | SAN FRANCISCO SAN FRANCISCO Facebook Inc ( FB.O ) Chief Executive Mark Zuckerberg revised the world's largest online social network's mission statement on Thursday to emphasize support for hobby clubs, civil society organizations and other community groups. The move comes as Facebook faces pressure from smaller rivals such as Nextdoor and Meetup, whose online networks bring together neighbors and people in the same area wi...
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Toshiba picks Japan government-Bain group to buy chip unit, big hurdles remain

TOKYO Toshiba Corp ( 6502.T ) has chosen a consortium of Japanese government investors and Bain Capital as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for funds to cover massive losses. But prospects for a clean early resolution to the sale of the world's No. 2 producer of NAND flash chips remain unclear as Western Digital ( WDC.O ), its chips business partner that ha...
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Tesla driver in fatal 'Autopilot' crash got numerous warnings - U.S. government

By David Shepardson | WASHINGTON WASHINGTON A man killed in a crash last year while using the semi-autonomous driving system on his Tesla Model S sedan kept his hands off the wheel for extended periods of time despite repeated automated warnings not to do so, a U.S. government report said on Monday The National Transportation Safety Board (NTSB) released 500 pages of findings into the May 2016 death of Joshua Brown, a former Navy SEAL, near...
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Amazon to buy Whole Foods for $13.7 billion, wielding online might in brick-and-mortar world

Amazon.com Inc said on Friday it would buy Whole Foods Market Inc for $13.7 billion, in an embrace of brick-and-mortar stores that could turn the high-end grocer into a mass-market merchant and upend the already struggling U.S. retail industry. Amazon used aggressive pricing to become an e-commerce retail juggernaut and has recently been experimenting with brick-and-mortar outlets. It will take over a natural and organic grocer pioneer with...
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Apparel retailer Buckle says some credit card information compromised

Apparel retailer Buckle Inc said on Friday that credit card information of some of its customers may have been compromised after its payment system was breached by a "criminal entity" following purchases made at some of its stores. The Kearney, Nebraska-based company said it engaged outside experts to investigate the incident. Based on the investigation, Buckle said no Social Security numbers, email addresses or physical addresses were obta...
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Verizon to incur $500 million in pre-tax costs from Yahoo deal

Verizon Communications Inc ( VZ.N ) said on Thursday it expected to incur about $500 million in pre-tax expenses in the second quarter as a result of its $4.48 billion purchase of Yahoo Inc's ( YHOO.O ) core business. Verizon is combining Yahoo's internet assets with AOL, which it bought two years ago, to form a venture called Oath, led by AOL CEO Tim Armstrong. Oath's more than 50 brands include HuffPost, TechCrunch and Tumblr. The expense...
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Uber director David Bonderman resigns from board following comment about women

By Heather Somerville | SAN FRANCISCO SAN FRANCISCO Uber Technologies Inc director David Bonderman said on Tuesday that he has resigned from the company's board following a remark he made during an Uber staff meeting that was widely seen as offensive to women. Bonderman's ill-timed remark came during an all-staff meeting Tuesday to discuss of how the ride-services company plans to transform itself following a probe into sexual harassment at...
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U.S. banks launching answer to peer-to-peer payment app Venmo

NEW YORK The U.S. banking industry is about to launch its answer to the popular mobile payments app Venmo, in what is likely to be the biggest change in years in how individuals exchange funds digitally. Over the next week, five of the largest U.S. banks will light up their segments of a new payments network called Zelle, executives said in interviews. They plan to announce details of the launch on Monday, and expect another two dozen banks...
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