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Today โ€” September 20th 2018Reuters Technology News

Facebook expands fake election news fight, but falsehoods still rampant

Facebook Inc on Wednesday said it would team with two U.S. non-profits to slow the global spread of misinformation that could influence elections, acknowledging that fake news sites were still read by millions.

Yesterday โ€” September 19th 2018Reuters Technology News

Cryptocurrency exchange Coinbase hires chief legal officer from Fannie Mae

Coinbase has hired finance executive Brian Brooks as chief legal officer, it said on Wednesday, as the cryptocurrency exchange grows its compliance and government affairs capabilities amid intensifying regulatory scrutiny of the nascent market.

Amazon considering opening up to 3,000 cashierless stores by 2021: Bbg

Amazon.com Inc is considering a plan to open as many as 3,000 new Amazon Go cashierless stores in the next few years, Bloomberg reported https://www.bloomberg.com/news/articles/2018-09-19/amazon-is-said-to-plan-up-to-3-000-cashierless-stores-by-2021 on Wednesday, citing people familiar with the matter.

Facebook yet to comply with EU consumer rules, Airbnb in line: EU sources

Facebook may face sanctions because it has yet to comply with EU consumer rules while Airbnb has made the necessary changes in response to regulatory demands, EU sources said on Wednesday.

Coding platform GitLab enters unicorn club after raising $100 million

U.S. coding platform GitLab raised $100 million in its latest round of funding, catapulting the company into the unicorn club with a valuation of more than $1 billion.

Germany to reach target of 1 million electric cars later than planned

Germany will likely have to delay its target of having 1 million electric vehicles on the road by two years to 2022, according to a government-sponsored report.

Startup Picnic runs grocery delivery bus in Dutch online shopping boom

Coming to a stop outside yet another front door on Utrecht's narrow streets, 25-year-old Susann Huber gets out of her electric minivan, pulls out a crate of groceries and hands them over to a waiting customer.

Beijing allocates more roads for self-driving vehicle tests

China's capital city has designated 11 more roads for self-driving vehicle testing, state news agency Xinhua said on Wednesday, to try to speed up the technology's development.

Strap on the Fitbit: John Hancock to sell only interactive life insurance

John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday.

Hyundai signs deal to sell 1,000 hydrogen-powered trucks in Switzerland

Hyundai Motor said on Wednesday it will sell 1,000 hydrogen-powered trucks in Switzerland over the next five years through a new tie-up, betting the vehicles could beat battery-powered models sold by the likes of Tesla Inc.

Blockchain startup Ripple signs up PNC as a customer for its payment tech

A division of PNC Financial Services Group Inc  will use technology built by startup Ripple to process international payments, the companies said on Wednesday, a possible precursor to the use of blockchain in mainstream finance.

Amazon's use of merchant data under EU microscope

European Union regulators are checking whether U.S. online retailer Amazon is using merchants' data in a way that stifles competition, Europe's antitrust chief said on Wednesday.

HNA Technology ditches plan to buy e-commerce group Dangdang

HNA Technology Co Ltd, part of Chinese conglomerate HNA Group, said on Wednesday it scrapped a plan to acquire Chinese company Dangdang's e-commerce assets as transaction parties failed to reach agreement.

Rolls-Royce signs deal to trial hybrid-electric train conversions

Rolls-Royce has signed a deal to conduct a trial conversion of diesel trains to hybrid-electric engines in Britain, in a deal which could be rolled out to hundreds of trains across the country from the 2020s.

Banks, traders launch first commodities blockchain platform

Global banks and trading firms are launching the first blockchain-based platform for financing the trading of commodities from oil to wheat, they said in a joint statement on Wednesday.

Naspers frees cash-rich Multichoice to take on Netflix & co

South African media and e-commerce group Naspers' plan to spin off Multichoice, Africa's biggest pay-TV business by subscribers, will free up cash for the unit to compete with fast-growing Netflix and other streaming services.

TomTom says Google deal with carmakers could hit its orders: ANP

Digital mapping company TomTom will probably lose some business in future as a result of Google's deal with carmakers Renault, Nissan and Mitsubishi, TomTom's finance chief said on Wednesday.

Global tech firms gear up to fight India's planned data law

Global tech companies plan to oppose new legislation in India that would require Facebook, PayPal and others to store user data in the country, arguing it will hurt investment and the business models of foreign and domestic firms.

Toshiba Memory chief shrugs off price concerns, sticks with IPO plans

The chief executive of Toshiba Memory Corp, the world's No. 2 producer of NAND flash memory chips, on Wednesday brushed aside concerns about falling memory chip prices and reaffirmed the company's plan to go public in two to three years.

China to invest $15 billion in big data, cloud computing over next five years

China's state planner said on Wednesday it has reached an agreement with a major Chinese policy bank to invest 100 billion yuan ($14.60 billion) in big data, cloud computing and smart city projects over the next 5 years.

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