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IQE shares plunge as Huawei ban hammers tech suppliers

3 days ago DieselGasoil Comments Off on IQE shares plunge as Huawei ban hammers tech suppliers
(Reuters) – Shares in Britain’s IQE plunged as much as 40% on Friday after the tech supplier warned its 2019 revenue would miss forecasts, blaming a bigger than expected hit on the industry’s supply chain from U.S. restrictions on China’s Huawei. The United States restricted Huawei Technologies from buying U.S. goods in May, saying the Read More

Activists see Google’s $1 billion Bay Area housing pledge as ‘big win’ amid affordability crisis

4 days ago DieselGasoil Comments Off on Activists see Google’s $1 billion Bay Area housing pledge as ‘big win’ amid affordability crisis
Can Google, which has helped fuel the Bay Area’s housing crisis, become a better neighbor? Activists who have held rallies, marches and town halls are praising Google’s $1 billion pledge for up to 20,000 housing units in the uber-expensive Bay Area as a win after years of grassroots pressure — but they also believe the company, and Silicon Read More

Renault, Nissan join Waymo in exploring driverless services in France, Japan

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DETROIT/PARIS (Reuters) – French automaker Renault SA, its Japanese partner Nissan Motor Co and tech giant Alphabet Inc’s Waymo are exploring a partnership to develop and use self-driving vehicles to transport people and goods in France and Japan, the companies said on Thursday. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen Read More

Facebook’s cryptocurrency ambitions face privacy concerns, political backlash

6 days ago DieselGasoil Comments Off on Facebook’s cryptocurrency ambitions face privacy concerns, political backlash
SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity Read More

Google invests $1 billion to ease housing shortage near California headquarters

6 days ago DieselGasoil Comments Off on Google invests $1 billion to ease housing shortage near California headquarters
FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay/File Photo (Reuters) – Alphabet Inc’s Google announced on Tuesday it would set aside $750 million in land and $250 million in financing to spur developers in the San Francisco Bay Area to build Read More

Facebook reveals Libra cryptocurrency, sparking new privacy concerns

6 days ago DieselGasoil Comments Off on Facebook reveals Libra cryptocurrency, sparking new privacy concerns
SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity Read More

Facebook takes aim at e-commerce with Libra cryptocurrency

6 days ago DieselGasoil Comments Off on Facebook takes aim at e-commerce with Libra cryptocurrency
SAN FRANCISCO/NEW YORK (Reuters) – Facebook plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce and global payments. FILE PHOTO: A Facebook panel is seen during the Cannes Lions International Festival of Creativity, in Cannes, France, June 20, 2018. REUTERS/Eric Gaillard/File Photo Read More

‘Super Mario’ shock: euro slides, yields hit new lows

6 days ago DieselGasoil Comments Off on ‘Super Mario’ shock: euro slides, yields hit new lows
LONDON (Reuters) – The euro took a beating and German bond yields hit a fresh record low on Tuesday in reaction to European Central Bank President Mario Draghi’s comments indicating a possibility of new rate cuts or asset purchases. FILE PHOTO: Mario Draghi, President of the European Central Bank (ECB), attends a news conference in Read More