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Datafloq 10/20/2020 14:00
By Stephen Nellis. (Reuters) - Qualcomm Inc on Tuesday said it will produce chips for 5G telecommunications networking gear, marking the first entry by a major American technology company into a market dominated by European and Chinese firms. San Diego-based Qualcomm is already the largest supplier of chips for mobile phones, including the modem chips that connect handsets to newer 5G wireless data networks capable of faster speeds than LTE networks.
Datafloq 10/20/2020 14:00
BERLIN (Reuters) - Take a Powerpoint slide deck, embed it in an online teamworking tool and add video conferencing and you have Pitch: a collaborative presentation application that launched on Tuesday. Pitch https://pitch.com wants to take on Microsoft's veteran presentation software by bringing collaboration on sales and marketing presentations into the era of Slack and Zoom. The Berlin-based startup has attracted $50 million from backers including Instagram founders Kevin Systrom and Mike Krieger, and Zoom's Eric Yuan, and is going live after trialling its product with 25,000 teams. "It's a Powerpoint killer," founder and CEO Christian Reber told Reuters in an interview. Serial entrepreneur Reber built and sold to-do app Wunderlist to Mic.
Datafloq 10/20/2020 14:00
By Lisandra Paraguassu and Andrea Shalal. BRASILIA/WASHINGTON (Reuters) - The U.S. government stepped up an offensive on Tuesday to keep China's Huawei Technologies out of Brazil's 5G market, with Washington offering to finance purchases by Brazilian telecom companies of equipment from its competitors. During a visit to Brasilia, officials of the U.S. International Development Finance Corporation (DFC), the U.S. EXIM bank and the National Security Council told reporters that funding was available to buy equipment from other companies. The U.S. delegation was headed by National Security adviser Robert O'Brien, who met with Bolsonaro before they attended the signing of an EXIM bank financing agreement that identifies areas of business cooperat.
Datafloq 10/20/2020 14:00
By Paresh Dave. OAKLAND (Reuters) - Alphabet Inc's Google said the U.S. Justice Department's antitrust lawsuit against the company was "deeply flawed" and that users would find it more difficult to access superior search tools and affordable smartphones if the government wins its case. "American antitrust law is designed to promote innovation and help consumers, not tilt the playing field in favor of particular competitors or make it harder for people to get the services they want," Google senior vice president Kent Walker said in a blog post on Tuesday. The lawsuit by the Justice Department and 11 states alleges Google used its market power to fend off rivals, including through distribution agreements that gave its search engine prominent p.
Datafloq 10/20/2020 08:00
By Cassandra Garrison. BUENOS AIRES (Reuters) - Latin America's top e-commerce firm is revving up its digital payments engine as shops shift online amid the coronavirus pandemic, and is looking toward China for inspiration to bring the region's un-banked and cash-loving savers online. Transactions on the platform of Mercado Pago, the finance arm of MercadoLibre. , more than doubled in the second quarter, and its CEO sees China's Alibaba <9988.HK> and its huge payment affiliate, Ant Group, as a model to follow. "Many of the things we did were inspired by how they have worked in China," Osvaldo Gimenez, Mercado Pago's chief executive, told Reuters, adding the unit also had close ties with Tencent Holdings Ltd <0700.HK>, India's Paytm and U.S. f.
Datafloq 10/20/2020 08:00
By Duncan Miriri. NAIROBI (Reuters) - Netflix Inc is showing more African-made content and working with telecoms operators to make it easier for potential subscribers to make payments, a senior executive told Reuters ahead of its third-quarter results on Tuesday. The online content streaming giant, which has 193 million subscribers globally, is keen to expand in Africa and is seeking ways to overcome challenges including slow and expensive internet and the lack of proper payments infrastructure in the 55-nation continent. "Given the low credit card penetration across the continent ...
Datafloq 10/20/2020 08:00
By Sheila Dang, Richa Naidu, Melissa Fares and Kenneth Li. (Reuters) - Walmart Inc is aggressively expanding its advertising business after years of stuttering progress, even as a proposed deal to buy a stake in video-sharing app TikTok remains stuck in limbo. The world's largest retailer is making better use of its wealth of shopper data to link promotions on its website and app with ads inside its network of 4,700 U.S. stores, according to Reuters interviews with six advertising agencies and Walmart ad tech partners, three major brands plus bankers and ex-employees. The refocused strategy was born early last year when Walmart cut ties with its external advertising partner and took the business in-house, calling it Walmart Media Group. The
Datafloq 10/20/2020 08:00
(Reuters) - Microsoft Corp is partnering with Elon Musk-led SpaceX and others as it targets space customers, the Wall Street Journal reported on Tuesday. Microsoft would help deploy and connect new services using low-orbit spacecraft being proposed by SpaceX, and more traditional fleets of satellites circling the earth at higher altitudes, the report said.
Datafloq 10/20/2020 08:00
By Supantha Mukherjee and Helena Soderpalm. STOCKHOLM (Reuters) - Sweden on Tuesday banned on security grounds the use of telecom equipment from China's Huawei and ZTE <000063.SZ> in its 5G network ahead of a spectrum auction scheduled for next month, joining other European nations that have restricted the role of Chinese suppliers. The Swedish Post and Telecom Authority (PTS) said https://www.pts.se/en/news/press-releases/2020/four-companies-approved-for-participation-in-the-3.5-ghz-and-2.3-ghz-auctions the setting of the licence conditions followed assessments by the Swedish Armed Forces and security service, which called China "one of the biggest threats against Sweden". European governments have been tightening controls on Chinese compan.
Datafloq 10/20/2020 02:00
(Reuters) - Logitech International. on Tuesday reported a surge in second-quarter revenue and net profit as the computer peripherals maker benefited from a shift to working from home during the COVID-19 pandemic. The maker of computer keyboards and mice also raised its full-year forecast, saying it now expects annual sales to increase between 35% and 40% in constant currencies and non-GAAP operating income of between $700 million and $725 million. "The growth trends that drive our business have accelerated as society adjusts to its new reality," said Chief Executive Officer Bracken Darrell in a statement. "The organization leaders I speak to envision people increasingly working from multiple locations, a hybrid work culture that is emerging
Datafloq 10/20/2020 02:00
(Reuters) - Tesla Inc's vehicle registrations in the U.S. state of California dropped 13% in the third quarter compared with last year, according to data from Cross-Sell https://www.cross-sell.com, a research firm that collates title and registration data. The report released on Monday showed registrations in California, a bellwether for the electric-car maker and its largest U.S. market, recovered from a second-quarter low of roughly 9,800 vehicles to around 16,200 vehicles in the three months ended September.
Datafloq 10/19/2020 20:00
(Reuters) - Intel Corp. is preparing to sell its NAND memory chip business to SK Hynix Inc <000660.KS> for almost $10 billion in a deal that would propel the South Korean chipmaker to second in the global rankings, two sources familiar with the matter said. The deal would allow SK Hynix to overtake Japan's Kioxia as the No.2 player in the NAND memory market, and narrow the gap with market leader Samsung Electronics Co Ltd <005930.KS> as the shift to work-from-home boosts demand for chips used in tablets and servers. Intel would sell its solid-state drive business in the United States and its factory in Dalian, China, which produces advanced flash memory, referred to as 3D NAND, the sources told Reuters on Monday.
Datafloq 10/19/2020 20:00
(Reuters) - International Business Machines Corp edged past Wall Street estimates for quarterly revenue on Monday, bolstered by higher demand for its cloud services, a business it is staking its future on as it prepares to spin off one of its legacy units. IBM shares, however, fell 3% after the company stayed away from issuing a forecast for the current quarter, citing uncertainty around a global economic recovery due to the COVID-19 pandemic. "Clients' near-term priorities continue to include operational stability, flexibility and cash preservation, which tends to favor (operating expenses) over (capital expenses)," Chief Financial Officer James Kavanaugh said. "This is resulting in some project delays and purchase deferrals.".
Datafloq 10/19/2020 20:00
WASHINGTON (Reuters) - The U.S. Senate Judiciary Committee will hold a vote on sending subpoenas to the chief executives of Twitter and Facebook on Oct. 22, it said in a statement. "If an agreement for voluntary testimony is not reached, the committee will vote on authorizing the subpoenas at a date to be determined," the statement said. (Reporting by Nandita Bose and David Shepardson in Washington; Editing by Chris Reese). ...
Datafloq 10/19/2020 20:00
By Mathieu Rosemain. PARIS (Reuters) - An adviser to France's top administrative court favoured telecoms firm Orange. on Monday in a long-lasting $2.2 billion tax dispute over writedowns it booked after acquiring a company in the mid-2000s. A favourable ruling for Orange would compel France's tax administration to pay the company at least 1.9 billion euros ($2.24 billion) in back taxes it had perceived in 2013. The litigation stems from the integration in 2005 of Orange's subsidiary Cogecom. This integration led the state-controlled telecoms group to book heavy losses which it offset against profits, thus reducing the basis on which taxes were calculated. The Council of State, France's highest administrative court, is due to put an end to ...
Datafloq 10/19/2020 20:00
By Supantha Mukherjee and Kenneth Li. STOCKHOLM/NEW YORK (Reuters) - Verizon. said on Monday it has struck deals with Microsoft. and Nokia. to improve the telecoms giant's ability to target business customers by offering clients the ability to automate factory floors, lower costs and speed up data traffic through private 5G networks. Private 5G networks remove the need for businesses to jostle for speed with others on a public network and help enable data-intensive applications that use computer vision, augmented reality and machine learning to increase productivity. Azure, Microsoft's cloud computing business, will run on top of Verizon's 5G network to processes the data generated by machines at the local facility and use artificial intelligen.
Datafloq 10/19/2020 14:00
By Julie Zhu. HONG KONG (Reuters) - China's Ant Group Co Ltd [IPO-ANTG.HK] has won approval from the Hong Kong stock exchange for the offshore leg of its IPO, two sources said, clearing the last key regulatory hurdle to launch its dual-listing expected to be worth about $35 billion. Backed by Chinese e-commerce giant Alibaba Group Holding Ltd, Ant passed the hearing with the exchange's Listing Committee on Monday, the sources said, speaking on condition of anonymity because the information is not public. The company plans to list simultaneously in Hong Kong and on Shanghai's STAR Market in the coming weeks, sources said, in what could be the world's largest IPO, surpassing the record set by oil giant Saudi Aramco's $29.4 billion float last D.
Datafloq 10/19/2020 14:00
By Patturaja Murugaboopathy and Gaurav Dogra. (Reuters) - Technology companies led by their founders have been the standout winners in share price performance and profit growth this year, beating companies led by other managers, according to a Reuters analysis. Major founder-led tech firms have seen their share prices double so far this year, comfortably beating a 7.8% gain for the S&P 500 index <.SPX>. They have also outperformed rival tech firms led by hired managers, enriching investors and adding billions of dollars to the wealth of the founders themselves, including Amazon's. Jeff Bezos, Netflix's. Reed Hastings and Tesla's. Elon Musk. For a graphic on Top founder-led companies' earnings growth:. ...
Datafloq 10/19/2020 14:00
(Reuters) - Former ABC network executive Channing Dungey will take over as chairwoman of Warner Bros. Television Group, the AT&T Inc unit said on Monday, replacing veteran television executive Peter Roth, who will step down next year. Dungey, who is currently vice president of Original Series at Netflix Inc, has previously worked at Walt Disney Co's ABC network for over 14 years, according to her LinkedIn profile https://www.linkedin.com/in/channingdungey. In 2016, Dungey was promoted to president of entertainment at ABC, becoming the first black person to run entertainment programming at a major U.S. broadcast network. (https://reut.rs/3m1ww3k). Dungey will start her tenure early next year and will report to Ann Sarnoff, chief executive of
Datafloq 10/19/2020 10:15
Most everyday consumers probably don't think much about food safety unless things go wrong. They assume food producers take all the necessary precautions, often consuming a massive assortment of foods for years without ever becoming sick. However, for the people who work around food daily — whether to obtain the raw materials or cook the finished consumables — safety is crucial to their work. They learn to avoid cross-contamination and understand the importance of keeping perishable goods in the correct temperature range. Some of today's technologies — namely the Internet of Things (IoT) and big data — could help in that all-important aim. Here are some of the possibilities.Getting More Visibility With the IoT and Big DataYou've probably be.

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