Category: Technology

Deutsche Bank CEO sees strong case for merger with Commerzbank: source

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Deutsche Bank CEO sees strong case for merger with Commerzbank: source
FILE PHOTO: Christian Sewing, CEO of Deutsche Bank AG, addresses the media during the bank’s annual news conference in Frankfurt, Germany, February 1, 2019. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Christian Sewing, the chief executive of Deutsche Bank, believes there is a strong case for a merger with rival Commerzbank, according to a person with direct knowledge of his thinking... Read More

Google’s new gaming service will let game makers use rival clouds, executive says

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Google’s new gaming service will let game makers use rival clouds, executive says
SAN FRANCISCO (Reuters) – A Google executive offered new details on Wednesday about the company’s upcoming video game streaming service, telling Reuters that game makers may use competing cloud providers and must avoid some inappropriate content. Google vice president and general manager Phil Harrison speaks during a Google keynote address announcing a new video gaming streaming service named Stadia that... Read More

Trump says tariffs on Chinese goods may stay for ‘substantial period’

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Trump says tariffs on Chinese goods may stay for ‘substantial period’
WASHINGTON (Reuters) – U.S. President Donald Trump warned on Wednesday that the United States may leave tariffs on Chinese goods for a “substantial period” to ensure that Beijing complies with any trade agreement. FILE PHOTO: U.S. and Chinese flags are seen before Defense Secretary James Mattis welcomes Chinese Minister of National Defense Gen. Wei Fenghe to the Pentagon in Arlington,... Read More

Exclusive: Walmart’s Chief Technology Officer leaves company as e-commerce wars flare

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Exclusive: Walmart’s Chief Technology Officer leaves company as e-commerce wars flare
WASHINGTON (Reuters) – Walmart Inc. Chief Technology Officer Jeremy King is leaving the company, according to an internal company memo, even as the retailer races to transform its e-commerce business and close the gap with rival Amazon.com Inc. Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski King, who joined the... Read More

Volvo expects electric car margins to match conventional vehicles by 2025

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Volvo expects electric car margins to match conventional vehicles by 2025
FILE PHOTO: An electric vehicle charging cable is seen on the bonnet of a Volvo hybrid car in this picture illustration taken July 6, 2017. REUTERS/Phil Noble/Illustration GOTHENBURG (Reuters) – Volvo Cars expects its margins on electric cars to match those of vehicles with combustion engines by 2025, the head of the Chinese-owned Swedish carmaker told Reuters. Global automakers are... Read More

‘No-one is breaking out the champagne’: emerging markets investors treading carefully

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‘No-one is breaking out the champagne’: emerging markets investors treading carefully
LONDON (Reuters) – After plowing billions into emerging market equities since October, investors have started to show signs of hesitation, but an uptick in earnings expectations should reassure those hoping to capitalize on stronger economic growth in the emerging world. FILE PHOTO: A man is seen in front of an electronic board showing stock information on the first day of... Read More

Safety first: Volvo to add in-car sensors to prevent drunk driving

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Safety first: Volvo to add in-car sensors to prevent drunk driving
GOTHENBURG (Reuters) – Swedish automaker Volvo hopes to reinforce its reputation for safety-first driving by installing cameras and sensors in its cars from the early 2020s, monitoring drivers for signs of being drunk or distracted and intervening to prevent accidents. FILE PHOTO: The 2016 Volvo XC90, winner of the Truck of the Year award at the North American International Auto... Read More