Technology

SHANGHAI (Reuters) – Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations as of Friday, according to a government notice signed by the Beijing
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(Reuters) – U.S. President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S.-based chipmaker on Wednesday, sending a clear signal to Beijing that Washington will oppose takeover deals that involve technologies with potential military applications. Canyon Bridge Capital Partners’ planned $1.3 billion acquisition of Lattice Semiconductor Corp was one of the largest
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(Reuters) – U.S. President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S. chipmaker on Wednesday, sending a clear signal to Beijing that Washington will oppose deals that involve technologies with potential military applications. Canyon Bridge Capital Partners’ planned $1.3-billion acquisition of Lattice Semiconductor Corp (LSCC.O) was one of the largest attempted
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(Reuters) – More than two dozen lawsuits have been filed in the United States against Equifax Inc (EFX.N) after the credit reporting company said thieves may have stolen personal information for 143 million Americans in one of the largest hackings ever. At least 24 federal lawsuits had been filed by Sunday in connection with the
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FRANKFURT (Reuters) – PSA Group will support newly acquired Opel introducing electric cars but the switch must be profitable for it to be successful, PSA Chief Executive Carlos Tavares told German paper Bild am Sonntag. Politicians and regulators across the globe are promoting electric cars after Volkswagen’s (VOWG_p.DE) diesel cheating scandal exposed higher-than-expected pollution levels
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NEW YORK (Reuters) – Bitcoin fell sharply on Friday after a report from a Chinese news outlet said China was planning to shut down local crypto-currency exchanges, although analysts said this was just a temporary setback. Sources close to a cross regulators committee that oversees online finance activities told Chinese financial publication Caixin that authorities
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NEW YORK (Reuters) – Demand for exchange-traded funds that would provide exposure to cryptocurrencies like bitcoin is strong, but regulators will likely wait until the underlying market matures more before approving such products, a panel of securities industry experts said on Friday. The U.S. Securities and Exchange Commission rejected the first U.S. ETF tracking bitcoin
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(Reuters) – Best Buy Co, the No.1 U.S. electronics retailer, is pulling Kaspersky Lab’s cyber security products from its shelves and website, amid concerns that the Moscow-based firm may be vulnerable to Russian government influence. Best Buy felt there were “too many unanswered questions” and so decided to discontinue selling the antivirus products, said U.S.
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MONTREAL (Reuters) – The United Nations’ aviation agency is backing the creation of a single global drone registry, as part of broader efforts to come up with common rules for flying and tracking unmanned aircraft. While the International Civil Aviation Organization cannot impose regulations on countries, ICAO has proposed formation of the registry during a
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(Reuters) – U.S. exchange operator Nasdaq Inc said on Tuesday it would buy investment analytics provider eVestment Alliance LLC for $705 million to broaden its reach to buy-side clients. Evestment, whose cloud-based services help institutional investors monitor market trends and make investment decisions, will boost Nasdaq’s market data services business. Nasdaq’s market data business provides
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