Technology

Rolls-Royce creates cross-business data unit to drive efficiency

LONDON (Reuters) – Rolls-Royce has created a data unit, named R2 Data Labs, that uses analytics, artificial intelligence and machine learning to improve efficiency across its civil and defense aerospace, marine, nuclear and power systems businesses. Chief digital officer Neil Crockett said the model would deliver a “step change” in …

Technology

Singapore's electric car-sharing program hits the road

SINGAPORE (Reuters) – Singapore launched on Tuesday its first large-scale electric car-sharing program through which the land-scarce city-state hopes to provide commuters with more transport options and steer them away from the need to buy their own cars. A BlueSG electric car-sharing vehicle is parked at a charging station in …

Technology

Amazon's cloud unit expands in China, with new partner in Ningxia

BEIJING (Reuters) – Amazon.com Inc said on Tuesday it was expanding its cloud computing business in China with a new local partner, aiming to win share in an increasingly crowded and highly regulated market. FILE PHOTO: Amazon.com’s logo is seen at Amazon Japan’s office building in Tokyo, Japan, August 8, …

Technology

Philippine bank accuses Bangladesh of heist 'cover-up'

MANILA (Reuters) – The Philippines bank through which $81 million stolen from Bangladesh’s central bank was channeled in February 2016 has accused Dhaka’s monetary authority of covering up its negligence and demanded that it stop making the bank a “scapegoat.” FILE PHOTO: A security guard stands guard outside a branch …

Technology

China video game craze drives booming e-sports market

WUHU, China/SHANGHAI (Reuters) – In an industrial park on the edge of Shanghai, a dozen Chinese teenagers are taking a break from battling digital armies to focus on their yoga. A student majoring esports and management practices on her laptop in a dormitory at the Sichuan Film and Television University …

Technology

Uber fights ban on cash payments in Mexican state

MEXICO CITY (Reuters) – Uber Technologies Inc said on Monday that it had appealed regulations that have barred it from accepting cash fares in the Mexican state of Puebla, in a new challenge to clampdowns on the ride-hailing service in Latin America. FILE PHOTO – The Uber logo is seen …

Technology

Atos offers to buy Gemalto for 4.3 billion euros to boost cyber security services

PARIS (Reuters) – French technology consulting firm Atos ATO.O offered to buy Gemalto (GTO.AS) for 4.3 billion euros ($5.06 billion) on Monday to boost its cyber security services as states and big corporations seek to cope with a growing number of attacks on the Internet worldwide. FILE PHOTO – Atos …

Technology

Cutting U.S. electric vehicle tax credit 'will have an impact': GM

DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra said on Monday that if Congress decides to eliminate an electric vehicle tax credit it “will have an impact” on sales of electric vehicles such as GM’s Chevrolet Bolt. General Motors Chairman & CEO Mary Barra attends a press conference …

Technology

Bitcoin futures suggest breakneck rise in price to slow

NEW YORK/LONDON (Reuters) – Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency’s blistering price gains to slow in the coming months, even as it blasted above $17,000 to a fresh record high in the spot market. Chicago-based derivatives exchange Cboe Global Markets launched the futures late …

Technology

U.S. agency prepares to hand over internet oversight to FTC

WASHINGTON (Reuters) – The U.S. Federal Communications Commission plans to turn over oversight of internet service providers to another federal agency as it plans to vote on Thursday to revoke the landmark 2015 “net neutrality” rules. The Federal Trade Commission building is seen in Washington on March 4, 2012. REUTERS/Gary …