Security Technology

Panasonic profit weighed by Tesla costs, but in talks for further investment

Japan's Panasonic Corp on Wednesday reported a decline in quarterly profit far beyond what analysts estimated, as costs rose at the battery plant it jointly runs with U.S. electric vehicle maker Tesla Inc.

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Taiwan's UMC halts R&D activities with Chinese semiconductor firm after U.S. ban

Taiwan chipmaker United Microelectronics Corp said it will temporarily halt research and development activities with its Chinese partner Fujian Jinhua, days after the United States cut off the state-backed firm from U.S. suppliers.

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Taiwan's UMC halts R&D with Chinese semiconductor firm after U.S. ban

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China's Five Steps for Recruiting Spies in the US

A series of high-profile cases involving alleged Chinese recruits shows how the country identifies and develops potential spies stateside.

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HSBC, StanChart, others launch HK blockchain trade finance platform

A new blockchain-based trade finance platform, developed by HSBC , Standard Chartered and 10 other banks, was launched in Hong Kong on Wednesday to boost efficiency in the multi-trillion-dollar funding of international trade.

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William Hill offers to buy Sweden's Mr Green & Co for $308 million

William Hill Plc has offered to buy Swedish-listed Mr Green & Co AB (MRG) for around $308 million as the British gambling company expands its digital businesses and strengthens its European operations ahead of Brexit.

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Panasonic CEO says can see Tesla ops not affected after reports on Musk

Panasonic Corp Chief Executive Kazuhiro Tsuga on Wednesday said he had been worried about reports on Tesla Inc head Elon Musk, but can see that the U.S. electric car maker's business operations have not been affected at all.

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Spain's Telefonica raises revenue target, shares rise

Spain's Telefonica raised its revenue target for the year, boosted by a brighter outlook for its domestic market and growth in Britain, despite a fall in third-quarter core profit caused by currency volatility in Latin America.

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Ailing EV maker Faraday Future co-founder Nick Sampson quits

Faraday Future co-founder Nick Sampson has quit his executive post at the Chinese electric vehicle developer, the latest blow to the troubled company that said it was experiencing "extraordinary financial hardship."

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Panasonic second-quarter profit down 15 percent as investment in Tesla batteries weigh

Japan's Panasonic Corp on Wednesday reported a 15 percent fall in second-quarter operating profit, missing analyst estimates, weighed down by investment in Tesla Inc's battery plant in Nevada.

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Baidu's fourth-quarter sales goal misses estimates as regulation, trade fears bite

Chinese search engine operator Baidu Inc on Wednesday forecast fourth-quarter sales below analyst estimates, saying new regulations and uncertainty surrounding a Sino-U.S. trade spat has prompted clients to cut back on advertising.

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William Hill offers to buy Swedish gaming company Green & Co

British gaming and betting company William Hill Plc said on Wednesday that it offered to buy Sweden-based gaming company Mr Green & Co AB for 2.82 billion Swedish Crowns($307.40 million), looking to expand and diversify into more European markets.

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Ford, Baidu to start self-driving road tests in China

Ford Motor Co and Baidu Inc launched a two-year project on Wednesday to test self-driving vehicles on Chinese roads, amid a global race by carmakers and internet firms to develop autonomous vehicle technology.

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Factbox: Ten years of bitcoin

Bitcoin, the world's first and most famous cryptocurrency, celebrates its tenth birthday on Wednesday.

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