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Softbank invests 460 million euros in Germany’s Auto1: sources

BERLIN (Reuters) – Japan’s Softbank will invest 460 million euros ($561 million) in used-car dealing platform Auto1, marking the first investment in Germany by its Vision Fund, according to sources familiar with the matter. Source
Posted On 14 Jan 2018

Saudi Electricity signs deal with Japanese firms for first EV pilot

KHOBAR, Saudi Arabia (Reuters) – State-controlled Saudi Electricity Co (SEC) has signed a deal with Japanese Tokyo Electric Power Co (TEPCO), Nissan Motor Co and Takaoka Toko for the first electric vehicle (EV) pilot project in the world’s largest oil exporter, it...
Posted On 14 Jan 2018

U.S. transport chief to unveil revised self-driving car guidelines

DETROIT (Reuters) – The Trump administration plans to unveil revised self-driving car guidelines this summer as the government works to rewrite regulations that pose legal barriers to robot vehicles, U.S. Transportation Secretary Elaine Chao said on Sunday. Source
Posted On 14 Jan 2018

Ex-mobile phone industry executive gets five years for text message scam

NEW YORK (Reuters) – A former mobile phone industry executive was sentenced to five years in prison on Friday after he was found guilty of defrauding cellphone customers by charging them millions of dollars for unwanted text messages. Source
Posted On 13 Jan 2018

Google removes gaming apps with pop-up porn malware

(Reuters) – Alphabet Inc’s Google said on Friday it took down 60 gaming applications after security firm Check Point said it had discovered new malicious software in the apps available to both children and adults at Google Play Store. Source
Posted On 13 Jan 2018

Uproar over crackdown on cryptocurrencies divides South Korea

SEOUL (Reuters) – With a tech-savvy population quick to adopt the latest gadgets and a young generation facing dim prospects in the conventional workplace, South Korea has been a fertile ground for virtual currencies. Source
Posted On 13 Jan 2018

Alibaba’s Taobao again on U.S. blacklist list for fakes

(Reuters) – The U.S. Trade Representative put Alibaba’s Taobao on its blacklist for the second year in a row over suspected counterfeits sold on the shopping platform, a move the Chinese e-commerce giant said did not reflect its IP-protection efforts. Source
Posted On 13 Jan 2018

Facebook’s Sandberg, Twitter’s Dorsey to leave Disney board

LOS ANGELES (Reuters) – Facebook Inc Chief Operating Officer Sheryl Sandberg and Twitter Inc Chief Executive Jack Dorsey will not seek re-election to Walt Disney Co’s board because of growing conflicts of interest between the media giant and the technology companies,...
Posted On 13 Jan 2018

Facebook changes News Feed, investors click on ‘sad’

(Reuters) – Shares of Facebook Inc fell more than 4 percent on Friday and were on track for their worst session in more than three months after Chief Executive Mark Zuckerberg announced changes that he said would hit user engagement in the near term. Source
Posted On 13 Jan 2018

Which voice in your fridge? Makers pick virtual assistants

LAS VEGAS (Reuters) – Who would you rather have in your fridge? Alexa, Cortana, or some as-yet unknown virtual assistant? Source
Posted On 13 Jan 2018