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U.S. lawmakers cut anti-ZTE measure from defense bill

U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China’s ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.

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U.S. lawmakers cut anti-ZTE measure from must-pass defense bill

U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China’s ZTE Corp , a top Democrat in the Senate said on Friday.

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Lawmakers cut anti-ZTE measure from must-pass bill: source

U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China’s ZTE Corp, a congressional source said on Friday.

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Russian government: Telcoms face cost hike from new security law

Russian telecoms operators will have to ramp up charges by up to 10 percent to cover costs they will incur implementing new laws designed to give state security greater oversight over telecoms, according to an estimate from the main security agency.

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GE beats on EPS but trims cash flow target; shares fall

General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower.

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India’s Wipro sees strong demand for services from financial clients

Indian IT company Wipro Ltd said it was seeing strong demand for its services from clients in banking, financial services and insurance (BFSI), while it faces challenges in its India business and in the U.S. healthcare sector.

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Microsoft shares at all-time high after bumper results

Microsoft Corp shares rose about 5 percent to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

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AT&T reveals three more cities for 5G launch by end of year

AT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5G, by the end of the year.

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GE beats diminished profit expectations, trims cash flow target

U.S. industrial conglomerate General Electric Co reported a smaller-than-expected drop in quarterly profit on Friday as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units.

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Microsoft soars past $800 billion in value after bumper results

Shares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

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India’s Wipro first quarter profit beats estimates

India’s Wipro Ltd beat first-quarter profit expectations on Friday buoyed by higher Banking, Financial Services and Insurance (BFSI) revenue.

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GE quarterly profit drops 28 percent; cash flow target trimmed

U.S. industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units.

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Cyberattack on Singapore health database steals details of 1.5 million, including PM

A major cyberattack on Singapore’s government health database stole the personal information of about 1.5 million people, including Prime Minister Lee Hsien Loong, the government said on Friday.

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SoftBank’s Vision Fund to invest $1 billion in China AI startup: Bloomberg

SoftBank Group Corp’s Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported on Friday.

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Apple Watch, FitBit could feel cost of U.S. tariffs

The latest round of U.S. tariffs on $200 billion of Chinese goods could hit the Apple Watch, health trackers, streaming music speakers and other accessories assembled in China, government rulings on tariffs show.

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At patent trial, Groupon casts IBM as shaking down other tech companies

A lawyer for discount e-commerce company Groupon Inc told a court in Delaware on Thursday that International Business Machines Corp has shaken down practically every large tech firm for patent fees.

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Microsoft beats Wall Street targets on cloud services revenue

Microsoft Corp on Thursday posted quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.

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Microsoft beats Wall St targets on cloud services revenue

Microsoft Corp on Thursday posted quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.

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Meal delivery service DoorDash hires Uber finance head as CFO

Meal delivery service DoorDash Inc has hired Uber Technologies Inc’s head of finance to be its chief financial officer, positioning the startup closer to an initial public offering and dealing another executive loss to Uber.

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Exclusive: Tesla’s battery maker suspends cobalt supplier amid sanctions concern

Panasonic Corp said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its conce…

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Fiat Chrysler kicks off Magneti Marelli spin-off

Fiat Chrysler (FCA) has kicked off its planned spin-off of parts maker Magneti Marelli which will be registered in the Netherlands and listed on the Milan stock exchange, a document outlining initial plans and seen by Reuters showed.

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Tesla says Model 3 refunds not outpacing deposits

Tesla Inc denied on Thursday that refunds of bookings of its Model 3 sedan were now outpacing reservations, responding to a report earlier in the day by a Wall Street brokerage citing channel checks on the electric carmaker.

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Meal delivery service DoorDash hires Uber’s finance head as CFO

Meal delivery service DoorDash has hired Uber’s head of finance to be its chief financial officer, putting the startup closer to an initial public offering and dealing another executive loss to Uber Technologies Inc.

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Exclusive: Britain says Huawei ‘shortcomings’ expose new telecom networks risks

Technical and supply-chain issues with equipment made by Chinese firm Huawei have exposed Britain’s telecom networks to new security risks, a government report said on Thursday.

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Veon cuts management in return to traditional telecoms model

Veon, the mobile phone operator formerly known as VimpelCom, said it would cut management jobs and simplify its structure as it goes back to basics with a focus on telecom services in emerging markets.

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Huawei ‘shortcomings’ expose new security risks in UK telecom networks – government report

Problems with products made by China’s Huawei Technologies have exposed new security risks in Britain’s telecommunications network, a UK government report said on Thursday.

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Exclusive: Britain pulls back on security endorsement of China’s Huawei – sources

Senior British security officials say they can give only limited assurances that Chinese firm Huawei’s UK operations pose no threat to national security, downgrading their previous position, two people with knowledge of the matter told Reuters.

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Leading U.S. coding boot camps Galvanize, Hack Reactor to merge

Denver-based computer coding training school Galvanize is to acquire competitor Hack Reactor in a deal that brings together two of the largest privately held coding boot camps, the two companies told Reuters.

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Comcast concedes to Disney in bidding war for Fox assets

Comcast Corp dropped its $66 billion bid for Twenty-First Century Fox Inc’s entertainment assets on Thursday but said it would still try to expand its international footprint by acquiring 61 percent of European broadcaster Sky Plc , the remainder of …

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Trump slams EU over $5 billion fine on Google

U.S. President Donald Trump on Thursday criticized the European Union over a record $5 billion fine EU antitrust regulators imposed on Google, saying the bloc was taking advantage of the United States.

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