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Reports: China’s SGCC eyes share of German electricity grid

TheStateGridCorporationofChina(SGCC),oneoftheworld'slargestutilityfirms,islikelytoacquireashareofthenortheastGermanelectricitygrid,GermanmediareportedonFriday.T

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Elon Musk's Tesla announces biggest quarterly loss ever

ThetechbillionaireElonMusksentoneofhisTeslaelectriccarsintospaceyesterday,adaybeforethecompanythatbuiltitannounceditsbiggesteverquarterlyloss.Musk’sTeslaelectri

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Apple sees 'strong demand' for replacement iPhone batteries

AppleInchasseen“strongdemand”forreplacementiPhonebatteriesandmayofferrebatesforconsumerswhopaidfullpricefornewbatteries,thecompanysaidinaFeb.2lettertoU.S.lawmak

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Google’s AI push comes with plenty of people problems

GoogleCEOSundarPichairecentlydeclaredthatartificialintelligence(AI)fueledbypowerfulcomputerswasmoreimportanttohumanitythanfireorelectricity.Andyetthesearchgiant

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China's Leshi says debts worth $900 mln due in 2018

LeshiInternetInformationandTechnology,thelistedarmoftechnologycompanyLeEco,expects5.62billionyuan(893.69millionUSdollars)ofdebtstomaturethisyear,furtherexacerba

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Intel reportedly considering launching smart glasses this year

Intelisreportedlylookingtosellamajoritystakeinanaugmentedrealityspinoffcompany,withplanstopotentiallylaunchconsumersmartglassesthisyear,accordingtoBloombergTech

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Alibaba revenue jumps 56 percent, buys stake in Ant Financial

AlibabaGroup,China’sbiggeste-commercecompany,reporteda56percentincreaseinthird-quarterrevenue,beatinganalysts’expectationsasthefirmshruggedoffanyconcernsaboutam

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Jeff Bezos adds billions to his fortune as Amazon reports profit surge

JeffBezos,theworld’srichestman,addedanothercoupleofbilliontohisfortuneonThursdayasAmazon,thecompanyhefounded,announcedithadmadecloseto$2bninprofitsinthethreemon

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iPhone slowdown scandal: US authorities launch an investigation

AuthoritiesintheUSareinvestigatingwhetherApplemisledinvestorsbyfailingtotellthemaboutasoftwareupdatethatsloweddownolderiPhones.Themostvaluablecompanyintheworldi

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Facebook posts $4.3bn profit as Zuckerberg laments 'hard year'

Facebook’sprofitssoared61%,spurredbygrowthinmobileusersattheendoflastyear,thecompanyannouncedonWednesday,asco-founderMarkZuckerbergsaid2017hadbeenoneofthecompan

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The US government is investigating Apple over slowed-down iPhones

AppleisfacinganewinvestigationfromboththeUSDepartmentofJusticeandtheSecuritiesandExchangeCommissionthatlookstodeterminewhetherornotthecompanyhasviolatedsecuriti

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China's first private rocket to be launched in 2018

AprivateChinesecompanywilllaunchthecountry'sfirstcommercialrocketinthefirsthalfof2018.HeadquarteredinBeijing,astart-upcompanynamedOneSpacewasestablishedin2015.I

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'Space graffiti': astronomers angry over launch of fake star into sky

Astronomersacrosstheworldhavecriticisedaprivatelyowned,NewZealand-basedspacecompanyafteritsecretivelyputasatellitelikenedtoagiantdiscoballintoorbit.Lastweekthes

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Didi Chuxing eyes future of smart traffic

DidiChuxing,theride-hailinggiantthatpreviouslyboughtoutrivalUberChina,intendstobecomeapremiersmarttrafficserviceprovider,accordingtoThePaper.ChengWei,founderand

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China's LeTV vows to make good as debt hits US$1.18 bln

LeshiInternetInformationandTechnologyCorporation,orLe.com,saidinitslatestannouncementthatthecompanyhasaccumulatedatotaldebtapproaching7.531billionyuan(US$1.18bi

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Netflix valuation breaks $100bn for first time

NewsubscribersdrawninbyshowsincludingStrangerThings,BrightandTheCrownhelpedpushthevaluationofNetflixpast$100bnonMondayforthefirsttime.TheCrownhashelpedNetflixwi

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Rocket Lab reaches orbit for the first time

RocketLabhasreachedorbitforthefirsttime,eventhoughit'sonlytheprivatespacecompany'ssecondflight.Evenmoreimpressive?Thetestmission,dubbed"StillTesting,"hadthreecu