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  • Telecom Italia's network spin-off would put at risk 20,000 jobs: trade union source

    November 22, 2018 3:13 PM 152

    ROME (Reuters) - The plan to spin off the fixed-line network of former telecoms monopolist Telecom Italia would put at risk 20,000 jobs, a trade union source said on Thursday. Italy’s government is studying a spin-off of network assets from Telecom Italia (TIM). Il Messaggero daily said on Thursday 30,000 TIM staff would be transferred to the new fixed-line

  • Italy government has received no proposal for the spin-off of T. Italia's network

    November 22, 2018 3:12 PM 131

    MILAN (Reuters) - Italy’s industry ministry said on Thursday it had not received any secret proposal for the spin-off of Telecom Italia’s (TIM) network. In a statement, the ministry said legislation currently before parliament would create the conditions to make the setting up of a single broadband company “appetising and sustainable”. Daily Il Messaggero

  • Amazon stops blocking Australians from its U.S. website after backlash

    November 22, 2018 12:49 AM 145

    SYDNEY (Reuters) - Inc (AMZN.O) said on Thursday it would stop blocking Australians from shopping on its much larger U.S. site after a customer backlash, dumping an unpopular policy the retail giant had said was necessary to comply with Australian tax law. The abrupt reversal, less than five months after the policy was introduced, is a relief

  • GameStop to sell Spring Mobile business for $700 million

    November 21, 2018 6:16 PM 138

    (Reuters) - The world’s largest video game and gaming console retailer GameStop Corp said on Wednesday it will sell its Spring Mobile business to Prime Communications LP for $700 million. GameStop said proceeds from the sale may be used to reduce debt, fund share repurchases and reinvest in core video game and collectibles businesses. The Grapevine

  • BMW to offer ride hailing services in China from December

    November 21, 2018 2:38 PM 123

    BEIJING (Reuters) - Germany’s BMW (BMWG.DE) plans to launch ride-hailing services in China in December, the first global automaker to obtain such a license in the fast-growing market. BMW Mobility Service Ltd, a fully-owned subsidiary of the BMW Group, obtained its ride-hailing license in Chengdu, the capital of Sichuan province in China’s southwest

  • Germany, France see initial contract for new fighter jet in early 2019

    November 21, 2018 1:30 PM 121

    BERLIN (Reuters) - Germany and France said they will sign an initial contract with Airbus and France’s Dassault Aviation < for initial work on a next-generation fighter jet in early 2019, and expect next steps on a joint tank program by the end of 2018. The two countries cited what they called “significant progress” on a program to develop a new fighter

  • U.S. chipmaker Nvidia to provide AI platform for Chinese EV start-ups

    November 21, 2018 10:28 AM 126

    BEIJING (Reuters) - U.S. chipmaker Nvidia Corp (NVDA.O) has signed separate deals with Chinese electric vehicle startups XPeng Motors, Singulato Motors and SF Motors to develop autonomous driving technology, Chief Executive Jensen Huang said on Wednesday. Huang, speaking at an event in the eastern Chinese city of Suzhou, said XPeng and Singulato will use Nvidia’s

  • British Columbia moves to phase out non-electric car sales by 2040

    November 21, 2018 12:53 AM 126

    VANCOUVER (Reuters) - British Columbia’s premier said on Tuesday his government will introduce legislation next year that will require all new light-duty cars and trucks sold in the province by 2040 to be electric or zero-emission vehicles. Premier John Horgan said the government will phase in the sales targets, which apply only to new vehicles. They will start

  • Bitcoin may hover above $4,795

    November 20, 2018 3:18 AM 125

    SINGAPORE (Reuters) - Bitcoin has found a support at $4,795. It may hover above this level or bounce toward a resistance at $5,151. The support and the resistance are identified respectively as the 100 percent and the 86.4 percent projection levels of a downward wave (c) from $7,411.85. Given that both the former supports at $5,412 and $5,151 temporarily

  • China's Xiaomi swings to net profit in third-quarter on robust sales in India, Europe

    November 19, 2018 11:08 AM 118

    HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc said on Monday it swung to a net profit in the third quarter, beating analyst estimates, driven by robust sales in India and Europe. Profit for the three months through September reached 2.48 billion yuan ($357.23 million), versus an 11 billion yuan loss in the same period a year earlier. That compared