Reuters - Technology Report

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Monday, July 10, 2017

Trump backtracks on cyber unit with Russia after harsh criticism

WASHINGTON (Reuters) - U.S. President Donald Trump on Sunday backtracked on his push for a cyber security unit with Russia, tweeting that he did not think it could happen, hours after his proposal was harshly criticized by Republicans who said Moscow could not be trusted.

Russia causing cyber mayhem, should face retaliation: ex-UK spy chief

LONDON (Reuters) - Russia is causing cyberspace mayhem and should face retaliation if it continues to undermine democratic institutions in the West, the former head of Britain's GCHQ spy agency said on Monday.

Jawbone's demise a case of 'death by overfunding' in Silicon Valley

SAN FRANCISCO (Reuters) - Consumer electronics company Jawbone had more than enough money to take on Fitbit and other health-tracking devices in the "wearables" market.

Apple to build second renewables-powered data center in Denmark

COPENHAGEN (Reuters) - Apple Inc said Monday it will spend 6 billion Danish crowns ($921 million) on a new data center in Denmark, its second in the Nordic country to run entirely on renewable energy.

Deutsche Boerse invests in bond trading platform Trumid: sources

NEW YORK (Reuters) - German exchange operator Deutsche Boerse Group has made a $10 million investment in Trumid, a New York-based financial technology startup that runs an electronic corporate bond trading platform, people familiar with the deal said.

India's biggest stock exchange grapples with system fault ahead of IPO

MUMBAI (Reuters) - A technical glitch shut down India's National Stock Exchange (NSE) for five hours on Monday, dealing the country's biggest stock exchange an embarrassing blow ahead of its plans to list as volumes on a rival bourse surged.

Franco-German meeting to focus on tax, tech: Elysee

PARIS (Reuters) - This week's first Franco-German ministerial meeting since Emmanuel Macron's election is not expected to yield precise proposals on euro zone reforms, but will feature announcements on start-up funding, sources at the French president's office said on Monday.

Nikkei to remove Toshiba from stock average, add Seiko Epson

TOKYO (Reuters) - Nikkei Inc on Monday said it would remove Toshiba Corp from the Nikkei stock average, effective Aug. 1, and add Seiko Epson Corp.

India telecom operator Reliance Jio investigating claims of data breach

MUMBAI (Reuters) - India's Reliance Jio is investigating whether personal data of over 100 million of its customers had leaked onto a website, in what analysts said could be the first ever large-scale breach at an Indian telecom operator.

Facebook's Oculus cuts price of virtual reality set, matching rival

SAN FRANCISCO (Reuters) - Oculus, the virtual reality company owned by Facebook Inc, is temporarily cutting the price of its hardware, as the industry tries to figure out why the technology for immersive games and stories has not taken off among consumers.