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China sets up first ‘commercial’ quantum network for secure communications

BEIJING (Reuters) – China has set up its first “commercial” quantum network in its northern province of Shandong, state media said, the country’s latest step in advancing a technology expected to enable “hack proof” communications. Source
Posted On 13 Sep 2017

Apple launches $999 iPhone X in bid to regain innovation lead

CUPERTINO, Calif. (Reuters) – Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a glass and stainless steel device with an edge-to-edge display that Chief Executive Tim Cook called “the biggest leap forward since the original iPhone.” Source
Posted On 13 Sep 2017

New Apple Watch that makes calls turns comic book fantasy into reality

CUPERTINO, Calif. (Reuters) – More than two years after releasing the Apple Watch, Apple Inc has finally been able to replicate 1940s comic strip technology, an advance that analysts say will spur sales. Source
Posted On 13 Sep 2017

Online lender SoFi CEO Cagney to step down

(Reuters) – Mike Cagney, one of the most prominent executives in the U.S. financial technology sector, will step down as chief executive of Social Finance, the online lender he co-founded, before the end of the year. Source
Posted On 12 Sep 2017

Toshiba still in talks over chip unit sale one day before deadline: sources

Tokyo (Reuters) – Japan’s embattled Toshiba Corp is still in discussions with various parties over the $18 billion sale of its memory chip business just a day before its latest, self-imposed deadline, people involved in the talks told Reuters on Tuesday. Source
Posted On 12 Sep 2017

UK watchdog warns consumers on cryptocurrency fundraisings

LONDON (Reuters) – Initial coin offerings (ICOs), the practice of creating and selling digital currencies to finance start-up projects, are “very high risk” and speculative, Britain’s Financial Conduct Authority (FCA) warned on Tuesday. Source
Posted On 12 Sep 2017

Japan trials driverless cars in bid to keep rural elderly on the move

NISHIKATA, Japan (Reuters) – As the annual rice harvest begins this month in the Japanese town of Nishikata, the combines that usually putter along the sleepy roads lining its rice fields are giving way to a vehicle residents have never before seen, a driverless shuttle...
Posted On 12 Sep 2017

Skype co-founder’s fund Atomico backs Worlds Adrift games maker

FRANKFURT (Reuters) – British games maker Bossa Studios on Tuesday said it has raised $10 million in a funding round led by European venture capital firm Atomico, ahead of the launch of the company’s pirate-themed multiplayer online title, Worlds Adrift. Source
Posted On 12 Sep 2017

Valet parking startup Luxe latest casualty of on-demand bust

SAN FRANCISCO (Reuters) – Only a couple of years ago, billions of venture capital dollars were flowing into so-called on-demand businesses that hoped to mimic Uber Technologies Inc and provide a service at the touch of a smartphone app. Source
Posted On 12 Sep 2017

R3, UK regulator and banks team up on blockchain-based mortgage reporting

NEW YORK (Reuters) – New York-based software company R3 CEV has partnered with Britain’s financial watchdog and two large banks to develop a blockchain-based application to improve the regulatory reporting of mortgage transactions. Source
Posted On 12 Sep 2017