Amazon picks New York City, Washington D...

Amazon picks New York City, Washington D.C. area for $5 billion new headquarters


Amazon.com Inc picked America's financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, D.C.

Germany plans 3 billion in AI investment: government paper

The German government has set aside around 3 billion euros for research and development of artificial intelligence, as Europe's economic powerhouse seeks to close a gap in software-led innovation between it and America and Asia.

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Nigerian firm takes blame for routing Google traffic through China

Nigerian internet provider Main One Cable Co took responsibility on Tuesday for a glitch that caused some Google traffic to be temporarily misrouted through China, saying it accidentally caused the problem during a network upgrade.

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CEO of Walmart's India venture resigns after sexual assault accusation: source

The head of Walmart Inc's Indian venture Flipkart Group, Binny Bansal, has resigned following an internal probe into "serious personal misconduct", Walmart said on Tuesday, and two people familiar with the matter said it involved an accusation of sexual assault.

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Exclusive: Dell taps banks to raise more cash for tracking stock offer - sources

Dell Technologies Inc is working with investment banks to add more cash to a $21.7 billion offer to buy back a "tracking stock" tied to its software company VMware Inc as it nears a deal with investors, people familiar with the matter said on Tuesday.

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WeWork gets $3 billion in new funding from SoftBank

U.S. shared office space provider WeWork Cos has secured an additional $3 billion in funding from Japan's SoftBank Group Corp, according to an investor presentation seen by Reuters.

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Qorvo joins other Apple suppliers in cutting forecast

Apple supplier Qorvo Inc cut its third-quarter forecast for profit and revenue on Tuesday, joining a handful of suppliers to the iPhone maker that have warned of an earnings hit due to lower demand from a major customer.

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Exclusive: German officials raise China alarm as 5G auctions loom

Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from building the country's 5G infrastructure amid concerns this could compromise national security.

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China says U.S. controls on semiconductor firm break WTO rules

The U.S. decision to cut off a Chinese state-backed chipmaker from U.S. suppliers amid allegations the firm stole intellectual property breaks World Trade Organization rules and aims to protect a U.S. monopoly, China told a WTO meeting on Tuesday.

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Israel renews licensing agreement with Microsoft

Israel's government signed a new software supply deal with Microsoft on Tuesday, three months after saying it would not renew its contract with the firm due to a change in license terms that would have doubled its price.

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Germany needs crisis mentality to close digital gap: Merkel ally

Germany's thriving economy has lulled the country into a false sense of security that is hindering government efforts to close a digital technology gap with other leading economies, Chancellor Angela Merkel's digital czar said on Tuesday.

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Merkel: EU digital tax should only come if broader global efforts fail

German Chancellor Angela Merkel on Tuesday told the European Parliament that a European digital tax should only be introduced if broader global efforts fail.

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Amazon to announce investments in NY, Virginia, Nashville: source

Amazon.com Inc is announcing on Tuesday a major investment in Nashville, Tennessee along with confirming it is adding two new headquarters in New York and northern Virginia, a person briefed on the matter said.

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Flipkart CEO Bansal resigned after sexual misconduct claim: source

The investigation into Flipkart Group chief Binny Bansal that led to his resignation on Tuesday stemmed from an allegation of sexual assault that dates back a few years, a person familiar with the matter told Reuters.

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Telecom Italia ousts CEO in boardroom tussle

Italian phone group Telecom Italia (TIM) sacked Chief Executive Amos Genish while he was away on business in Asia on Tuesday, ousting a man viewed by some directors as an obstacle to their campaign for a more aggressive shake-up at the company.

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Foxconn posts rise in third-quarter profit, lagging estimates

Taiwan's Foxconn posted a weaker than expected rise in quarterly profit amid warning signs from key customer Apple Inc and its global suppliers that demand for iPhones could be softening.

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ARM Holdings to invest $1.4 billion-plus on Sichuan project: Xinhua

Chip design company ARM Holdings' Chinese subsidiary has signed an agreement with southwestern Sichuan province for a more than 10 billion yuan ($1.4 billion) research and development project, the official Xinhua news agency reported on Tuesday.

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Amazon to pick NYC, Northern Virginia for split 'HQ2': source

Amazon.com Inc will on Tuesday announce it has selected New York and Northern Virginia for its second headquarters, a source told Reuters, ending a more than year-long contest that has seen frenzied bidding from locales across North America.

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Trade war and censors blow chill wind through China's giant tech scene

Wang Miaoyi's small one-bedroom apartment, which doubles as her design studio, is overflowing with game magazines, figurines and boxes of sci-fi novels.

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China scours social media, erases thousands of accounts

China's top cyber authority has scrubbed 9,800 social media accounts of independent news providers deemed to have posted sensational, vulgar or politically harmful content on the Internet, it said late on Monday.

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