UK

UK says WhatsApp lets paedophiles and gangsters operate beyond the law

By Guy Faulconbridge MANCHESTER, England (Reuters) – Britain said WhatsApp’s end-to-end encryption communication services allowed paedophiles and organised crime groups to operate beyond the reach of the law and called on the messaging service to move faster to help governments catch offenders. After four militant attacks in Britain that killed 36 people this year, senior […]

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U.S. trio win Nobel for finding Einstein’s gravitational waves

By Anna Ringstrom and Ben Hirschler STOCKHOLM/LONDON (Reuters) – Three U.S. scientists won the 2017 Nobel prize for physics on Tuesday for opening up a new era of astronomy by detecting gravitational waves, ripples in space and time foreseen by Albert Einstein a century ago. The work of Rainer Weiss, Barry Barish and Kip Thorne […]

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Indian ride-hailing firm Ola in talks to raise $2 billion: sources

By Aditi Shah NEW DELHI (Reuters) – Indian ride-hailing firm Ola is in talks with investors to raise around $2 billion, two sources said on Tuesday, in a potential boost to its battle with U.S. rival Uber [UBER.UL]. Ola is in discussions with existing investor SoftBank and China’s Tencent Holdings along with other investors, said […]

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Bank-backed R3 launches new version of its blockchain

By Anna Irrera NEW YORK (Reuters) – R3 CEV, a New York-based company that runs a consortium of banks, has released a new version of its blockchain platform that it hopes will make it easier for financial firms to use the nascent technology. The new version of the company’s platform called Corda includes a feature […]

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EU to reform sales tax, prepares changes to rates

By Francesco Guarascio STRASBOURG (Reuters) – The European Commission will propose on Wednesday changes to the way sales taxes are levied in the European Union, in an effort to close tax loopholes and eliminate fraud, a draft document said. The new measures on value-added tax would mostly tackle frauds in which companies pocket VAT revenues […]

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Uber promises to make things right in London after ‘constructive’ license meeting

By Costas Pitas LONDON (Reuters) – Uber promised to make things right in London after its new global boss had a “constructive” meeting with the city’s transport regulator to try to hold on to the app’s operating license in one of its main foreign markets. Transport for London (TfL), which runs and regulates the British […]

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EU to tell Amazon to pay Luxembourg back taxes: source

By Foo Yun Chee BRUSSELS (Reuters) – EU regulators are expected to order Amazon <AMZN.O> on Wednesday to pay Luxebourg millions of euros in back taxes, a person familiar with the matter said, the latest global company to be hit by an EU crackdown on unfair tax deals. The European Commission ruling wraps up a […]

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Uber CEO meeting with London transport authority ‘constructive’

LONDON (Reuters) – Uber’s new CEO Dara Khosrowshahi had a constructive meeting with London’s transport boss on Tuesday, the company said, just days after the city refused to renew its operating license. “Our new CEO had a constructive meeting with the Transport Commissioner this afternoon. We hope to have further discussions over the coming weeks […]

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Safran hopes new fuel-efficient jet engine can reshape air travel

By Tim Hepher ISTRES, France (Reuters) – French aero engine maker Safran unveiled a new engine prototype on Tuesday that would radically cut fuel consumption, potentially reshaping air travel from 2030. The Open Rotor engine, which places previously hidden whirring parts on the outside to capture more air, was developed with European Union backing and […]

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Munich Re’s Africa unit drops KPMG as auditor

JOHANNESBURG (Reuters) – Munich Re African unit has dropped KPMG as its auditor, its regional chief executive said on Tuesday. “We just felt that it would be better for us if we are dealing with a new auditor in 2018,” Nico Conradie told Reuters. KPMG sacked its South African leadership team last month after it […]

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Lonza buys U.S. clinical manufacturing site from Shire

ZURICH (Reuters) – Lonza Group is acquiring a clinical-stage mammalian manufacturing site in the United States from Shire PLC, the Swiss pharmaceutical ingredients group said on Tuesday without giving the purchase price. The site in California has a successful regulatory track record and includes single-use bioreactors and associated downstream capabilities, Lonza said. The site employs […]

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Nadal survives Pouille fright to progress at China Open

(Reuters) – Rafa Nadal came within a whisker of making an opening-round exit at the China Open on Tuesday as he was pushed to three sets by Frenchman Lucas Pouille before winning 4-6 7-6(6) 7-5. The world number one, who was beaten by Pouille the last time they met at the 2016 U.S. Open, lost […]

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