Technology

MADRID (Reuters) – The pioneer of fast fashion isn’t looking so fast anymore. FILE PHOTO: People walk in front of an advertisement for an Inditex owned Zara store in Milan, Italy, March 30, 2017. REUTERS/Alessandro Garofalo/File Photo Inditex, the world’s largest clothing retailer and owner of the Zara chain, faces growing competition from younger, online-only
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CHICAGO (Reuters) – Chicago has selected billionaire entrepreneur Elon Musk’s Boring Co to build a high-speed underground commuter system from the downtown Loop district to O’Hare International Airport, one of the world’s busiest, the company and the mayor’s office said. The service from downtown to the airport on electric vehicles in underground tunnels will take
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SYDNEY (Reuters) – Australia has agreed to fund underwater internet cables and a cyber security center for the Solomon Islands, forestalling plans by Chinese telecom giant Huawei Technologies Co Ltd that could have compromised Australian internet security. Prime Minister of the Solomon Islands Rick Houenipwela and Australian Prime Minister Malcolm Turnbull shake hands during a
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WASHINGTON (Reuters) – A U.S. panel that reviews foreign investments for potential national security threats has approved China Oceanwide Holdings Group’s [OWREAC.UL] purchase of insurer Genworth Financial (GNW.N), the two companies said on Saturday. The United States in recent years has blocked many proposed Chinese investments in American companies in an effort to stop China
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MELBOURNE (Reuters) – Australia has established a security task force to guard against cyber attacks and interference in elections, the government said on Saturday, amid concerns foreign powers are meddling in domestic affairs and ahead of five elections next month. FILE PHOTO: Australia’s Prime Minister Malcolm Turnbull and German Chancellor Angela Merkel (not pictured) address
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(Reuters) – Verizon Communications Inc (VZ.N) named Chief Technology Officer Hans Vestberg as its new CEO on Friday, surprising analysts and signaling the largest U.S. wireless company’s priority is building the next-generation 5G network, not expanding further into media content. Vestberg, 52, joined Verizon a year ago after being fired as chief executive at communications
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SHANGHAI/BEIJING (Reuters) – Ant Financial Services Group, operator of China’s biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising globally by a private company. The cash will boost Ant’s firepower ahead of a widely expected initial public offering (IPO) in Hong Kong and
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