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Technology Archives - Article Point

Apple shares skid on report of iPhone X production cut
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(Reuters) – Apple Inc will halve its iPhone X production target for the first three months of the year to around 20 million units, Nikkei reported on Monday, sending its shares down 1.6 percent.

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Tezos funder pledges to 'step back' once crypto-venture's woes are solved
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ZURICH (Reuters) – The president of a foundation that controls funding for a cryptocurrency project called Tezos has pledged to “step back” from his role once the project is back on track, after months of dysfunction and public battles with Tezos’ founders.

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Pentagon reviewing security after fitness apps show locations
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WASHINGTON (Reuters) – U.S. Defense Secretary Jim Mattis has ordered a review of security protocols, officials say, after fitness tracking devices broadcast patterns of movement at military facilities around the world, including in war zones.

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Facebook to promote local news in latest update
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(Reuters) – Facebook Inc Chief Executive Mark Zuckerberg said on Monday the social media website would focus on promoting local news in its latest update.

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'Jackpotting' hackers steal over $1 million from ATMs across U.S.: Secret Service
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WASHINGTON (Reuters) – A coordinated group of hackers likely tied to international criminal syndicates has pilfered more than $1 million by hijacking ATM machines across the United States and forcing them to spit out bills like slot machines dispensing a jackpot, a senior U.S. Secret Service official said on Monday.

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Trump team idea to nationalize 5G network to counter China is rejected
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WASHINGTON (Reuters) – The top U.S. communications regulator, wireless companies and some lawmakers oppose an idea by members of President Donald Trump’s national security team for the government to build a 5G wireless network to counter China spying on phone calls.

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Japan's Aso tells cryptocurrency exchanges to strengthen controls after $530 million theft
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TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday that management systems at cryptocurrency exchanges needed to be strengthened after hackers stole $530 million of digital money from Tokyo-based Coincheck.

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China's Wanda Commercial gets $5.4 billion from Tencent-led investors
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HONG KONG (Reuters) – Chinese conglomerate Dalian Wanda Group’s debt-laden commercial property arm will receive a boost from a group of investors, led by technology giant Tencent Holdings, that is set to buy a 14 percent stake in the company for $5.4 billion.

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Japan's Renesas dismisses report on talks to buy Maxim
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TOKYO (Reuters) – Renesas Electronics Corp dismissed a media report that said the Japanese automotive chip maker was in talks to acquire U.S. chipmaker Maxim Integrated Products Inc.

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