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

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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. from Reuters: Technology News https://ift.tt/2CPEFnU

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

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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. from Reuters: Technology News https://ift.tt/2yLg7to

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

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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 Chinese firm from U.S. suppliers. from Reuters: Technology News https://ift.tt/2OXEiz3

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. from Security Latest https://ift.tt/2EQf8hi

HSBC, StanChart, others launch HK blockchain trade finance platform

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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. from Reuters: Technology News https://ift.tt/2CQhBWi

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

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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. from Reuters: Technology News https://ift.tt/2EQNCQF

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

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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. from Reuters: Technology News https://ift.tt/2qksp7v

Spain's Telefonica raises revenue target, shares rise

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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. from Reuters: Technology News https://ift.tt/2Oj7prg

Ailing EV maker Faraday Future co-founder Nick Sampson quits

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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." from Reuters: Technology News https://ift.tt/2DcXBhp

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

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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. from Reuters: Technology News https://ift.tt/2CTZoau

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

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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. from Reuters: Technology News https://ift.tt/2P0HDgL

William Hill offers to buy Swedish gaming company Green & Co

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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. from Reuters: Technology News https://ift.tt/2AC57jG

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

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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. from Reuters: Technology News https://ift.tt/2SyyBFK

Factbox: Ten years of bitcoin

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Bitcoin, the world's first and most famous cryptocurrency, celebrates its tenth birthday on Wednesday. from Reuters: Technology News https://ift.tt/2P3To63