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The Yankees are coming! U.S. firms rush to euro debt markets

LONDON (Reuters) – From Harley Davidson to Colgate-Palmolive, U.S. companies are flocking to borrow in euros and their record issuance is breathing life into a market where yields have been hammered by the European Central Bank’s renewed stimulus push. Offshor... More »

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Twitter suspends accounts linked to Saudi spying case

SAN FRANCISCO (Reuters) – Weeks after U.S. authorities brought a spying case against three Saudi nationals for digging up dissidents’ personal data at Twitter, the company suspended tens of thousands of accounts that appear to be linked to one suspect’s compan... More »

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German union calls for pre-Christmas Amazon strike

BERLIN (Reuters) – Trade union Verdi called for workers at a key Amazon (AMZN.O) logistics center in Germany to go on strike over the crucial final shopping days before Christmas, demanding better pay and conditions for workers there. Unions have staged repeat... More »

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Social media use linked to teen disordered eating behaviors

(Reuters Health) – Adolescents who are active on social media may be more likely to exercise excessively, skip meals or develop other forms of disordered eating, a U.S. study suggests. Researchers surveyed 996 seventh- and eighth-graders, age 13 on average, ab... More »

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Researchers criticize AI software that predicts emotions

SAN FRANCISCO (Reuters) – A prominent group of researchers alarmed by the harmful social effects of artificial intelligence called Thursday for a ban on automated analysis of facial expressions in hiring and other major decisions. The AI Now Institute at New Y... More »

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Jeff Bezos says Amazon wants to work more with the Pentagon

SIMI VALLEY, Calif. (Reuters) – Amazon.com Inc founder Jeff Bezos said it would support the U.S. Department of Defense as technology companies vie for more defense contracts and the Pentagon seeks to modernize itself. “We are going to support the Department of... More »

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Amazon to open new office in Manhattan in 2021

(Reuters) – Amazon.com Inc said on Friday it would open a new office in New York’s Manhattan to house its consumer and advertising teams. The office will open in 2021 and accommodate more than 1,500 employees, the company said. In February, Amazon scrapped its... More »

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Your Money: Looking For Holiday Buys? Try E-commerce ETFs

NEW YORK (Reuters) – First the bad news for your wallet: Americans are slated to spend more than they ever have this holiday season – around $730 billion in November and December, according to the National Retail Federation. Online shopping alone is expected t... More »

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Amazon opens pop-up store on China’s Pinduoduo until year-end

SHANGHAI (Reuters) – Amazon.com Inc on Monday said it will open a pop-up store on Chinese e-commerce platform Pinduoduo Inc that will run until the end of December and carry a selection of about 1,000 products from overseas. The move, which was initially repor... More »

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Ex-member of K-pop girl group found dead: Yonhap

SEOUL (Reuters) – A former member of South Korea’s top K-pop girl group was found dead on Sunday, the country’s Yonhap news agency reported citing police. The body of Koo Hara, 28, was discovered at her home in southern Seoul, Yonhap said. Police were not imme... More »

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U.S. Army cadets told not to use TikTok in uniform

(Reuters) – U.S. Army cadets were this week instructed not to use China-owned social media app TikTok while representing the military, an Army spokeswoman said on Friday, amid concerns over the app’s handling of user data. The directive comes after Chuck Schum... More »

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Crypto backed by crypto: Dai seeks to change ‘stablecoin’ game

LONDON (Reuters) – Some are backed by dollars. Others by gold. But this “stablecoin” isn’t tied to any major asset – it’s backed by another cryptocurrency. Stablecoins, such as Facebook’s (FB.O) Libra, are a new breed of cryptocurrencies that aim to escape the... More »

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Microsoft updates terms on data privacy amid EU probe

BRUSSELS (Reuters) – Microsoft said on Monday it was updating the privacy provisions of its commercial cloud contracts after European regulators found its deals with European Union institutions failed to protect data in line with EU law. The EDPS, the EU’s dat... More »

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KSI defeats Paul in bout of YouTube boxers

LOS ANGELES (Reuters) – Olajide “KSI” Olatunji prevailed in a split decisionover Logan Paul in a boxing bout between YouTube celebrities on Saturday at Staples Center in Los Angeles. In a slugfest between the two inexperienced fighters, Briton KSI got the deci... More »

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Woody Allen, Amazon end legal dispute over movie deal

NEW YORK (Reuters) – Woody Allen has ended his $68 million lawsuit against Amazon.com Inc for backing out of a four-picture production and distribution agreement and refusing to distribute a film he had finished. Allen and Amazon notified the federal court in ... More »

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UniCredit identifies data breach in Italian client records

MILAN (Reuters) – UniCredit (CRDI.MI) said on Monday its cyber security team had identified a data breach involving a file created in 2015 and containing approximately 3 million records, all regarding Italian clients. Italy’s biggest lender by assets said no b... More »

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Microsoft: ‘appreciate’ winning JEDI contract – statement

(Reuters) – Microsoft Corp. (MSFT.O) said in a statement on Saturday that the company appreciates being chosen by the U.S. Defense department (DoD) for the Pentagon’s $10 billion Joint Enterprise Defense Infrastructure Cloud (JEDI) contract. “We look forward t... More »

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U.S. tech firm Maxar taps startup’s software for moon mission

WASHINGTON (Reuters) – (This October 22 story has been refiled to correct headline to say software rather than robotics, first paragraph to clarify that the Olis software would run on a Maxar robotic arm, paragraphs 2 and 3 to state that the robotic arm belong... More »

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Gojek CEO quits to join Indonesian cabinet, replacements named

JAKARTA (Reuters) – Gojek CEO and co-founder Nadiem Makarim said on Monday he had resigned to join Indonesia’s cabinet, and the ride-hailing and payments company said two senior officials would jointly take over running operations of the $10 billion firm. Pres... More »

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SAP in three-year cloud partnership with Microsoft

BERLIN (Reuters) – Business software group SAP said on Monday it had reached a three-year deal with Microsoft to help its large enterprise customers move their business processes into the cloud. The partnership, called “Embrace”, will help clients to run opera... More »

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Netflix and Amazon face censorship threat in India: source

NEW DELHI/MUMBAI (Reuters) – India is deliberating potential censorship on streaming platforms such as Netflix and Amazon Prime Video, a senior government source told Reuters. While film and TV certification bodies already moderate public content in India, the... More »

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Facebook’s Libra announces board as support shrinks further

LONDON/SAN FRANCISCO (Reuters) – Backers of Facebook Inc’s (FB.O) Libra cryptocurrency project pledged to forge ahead after selecting a five-member board on Monday, shrugging off the latest member defection by online travel company Booking Holding earlier in t... More »

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UK will leave the EU on October 31: finance minister Javid says

MANCHESTER, England (Reuters) – The United Kingdom will leave the European Union on Oct. 31, hopefully with a deal, finance minister Sajid Javid said on Monday. “Hopefully we leave with a deal,” Javid told ITV. “If we cannot strike a deal, I think it is import... More »

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Your Money: How to make seniors smarter about financial scams

NEW YORK (Reuters) – If you are seriously ill and homebound, or starting to be prone to forgetfulness, do you have someone you trust with your ATM code to run out and get you some cash? Are you really sure? Elder financial abuse runs the gamut from stranger da... More »

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Iran says it will destroy any aggressor

DUBAI (Reuters) – Iran will pursue any aggressor, even if it carries out a limited attack, and seek to destroy it, the head of the elite Revolutionary Guards said on Saturday, after attacks on Saudi oil sites which Riyadh and U.S officials blamed on Tehran. “B... More »

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Naspers spin-off Prosus surges 25% on market debut in Amsterdam

AMSTERDAM (Reuters) – Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. Prosus comprises Naspers’ global empire of consumer internet assets, with the jewe... More »

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Tearful Ma bids Alibaba farewell with rock star show

HANGZHOU, China (Reuters) – A tearful Jack Ma formally left Alibaba (BABA.N) on Tuesday, donning a guitar and a rock star wig at an event for thousands of employees of the e-commerce giant he founded 20 years ago in a small shared apartment in Hangzhou city in... More »

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Amazon and Indian trader group in public spat over discounts

NEW DELHI (Reuters) – Amazon.com (AMZN.O) defended its business strategies in India as it came under fire from a local trader group on Friday over discounted products on the global e-commerce giant’s website. New e-commerce foreign investment rules that took e... More »

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Macron defuses French digital tax row, Trump coy on wine threat

BIARRITZ, France (Reuters) – France and the United States reached a deal to end a standoff over a French tax on big internet companies, though U.S. President Donald Trump declined to say whether his threat of a retaliatory wine tax was off the table as a resul... More »

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Macron says France and U.S. reached digital tax deal

BIARITTZ, France (Reuters) – France and the United States have reached a deal to end a standoff over a French tax on big internet companies, French President Emmanuel Macron said on Monday. U.S. President Donald Trump had threatened to hit back with tariff act... More »

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German cartel office to take Facebook case to High Court

BERLIN (Reuters) – Germany’s cartel office said on Monday it would appeal a regional court decision to suspend restrictions it had placed on Facebook’s data collection practices to the country’s highest court. A court in Duesseldorf had earlier suspended a Feb... More »

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Amazon.com defeats IRS appeal in U.S. tax dispute

(Reuters) – Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary. In a 3-0 decision, the 9th U.S. Circ... More »

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White House summons tech, social media firms after shootings

WASHINGTON (Reuters) – White House officials and big social media companies met on Friday to talk about how to curb extremism online after two mass shootings last weekend that killed 31 people in Texas and Ohio. After the shootings, U.S. President Donald Trump... More »

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Japan’s SoftBank chases more deals with Mexican startups

MEXICO CITY (Reuters) – Japan’s SoftBank Group Corp (9984.T) is in advanced talks to invest in Mexican used car platform Kavak and financial technology firm Konfio, several people familiar with the matter said, underscoring the company’s interest in Mexico as ... More »

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Deal-hungry Takeaway.com delivers $10 billion Just Eat takeover

LONDON/AMSTERDAM (Reuters) – Amsterdam-based online food delivery firm Takeaway.com (TKWY.AS) has agreed to buy Just Eat (JE.L) in an all-share deal valuing the combined group, which will be one of the sector’s largest, at about 8.2 billion pounds ($10.1 billi... More »

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Amazon workers in Germany strike over pay, Verdi union says

BERLIN (Reuters) – More than 2,000 workers at seven Amazon (AMZN.O) sites across Germany have gone on strike over pay for at least two days, labor union Verdi said on Monday. The walkouts, under the motto ‘No more discount on our incomes”, started overnight an... More »

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British Airways faces $230 million fine over data theft

(Reuters) – British Airways owner IAG said on Monday the UK Information Commissioner’s Office (ICO) intends to impose a penalty of 183.4 million pounds ($229.8 million) for the theft of customer data from the airline’s website last year. The airline revealed l... More »

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UK competition regulator puts brake on Amazon’s Deliveroo deal

(Reuters) – Britain’s competition regulator has stepped in to pause Amazon’s (AMZN.O) deal with online food delivery group Deliveroo while it considers launching a full investigation. Amazon led a $575 million fundraising in Deliveroo in May, making what the t... More »

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From shrimp to fake eyelashes, social media sales soar in…

SATUN, Thailand (Reuters) – The son of a Thai fisherman, Anurak Saruethai never really took to life at sea. But seafood has been good to him. Hawking dried shrimp, squid and fish in nightly Facebook (FB.O) livestreams, Anurak, who is quick with a joke and adep... More »