Chinese autonomous vehicle company WeRide raises $200 million from bus maker Yutong

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December 23, 2020 BEIJING (Reuters) – WeRide, a Chinese startup developing autonomous vehicles, said on Wednesday it had raised $200 million from Yutong Group, the parent of bus maker Zhengzhou Yutong Bus Co Ltd, and the two companies would develop self-driving buses together. WeRide, which is testing self-driving passenger vehicles in California and China’s southern city of...

Telecom Italia to retain Nokia as supplier, curbing Huawei’s share of 5G radio network – sources

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December 23, 2020 By Elvira Pollina and Supantha Mukherjee MILAN (Reuters) – Telecom Italia has decided to retain Nokia as a supplier and reduce Huawei’s share of a planned purchase of equipment for building a 5G network, three sources close to the matter told Reuters, amid pressure to exclude the Chinese firm on security concerns. The United States...

Hong Kong online banks to spread wings, offering business loans and wealth management

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December 24, 2020 By Alun John HONG KONG (Reuters) -Hong Kong’s new online-only banks plan to venture into business lending and wealth management, seeking more lucrative avenues beyond basic savings accounts and transfer services, senior executives said. Eight such banks started this year and as of November had taken more than $1 billion in deposits and attracted nearly 300,000 customers. Whether these banks...

Suspected Russian hackers used Microsoft vendors to breach customers

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December 24, 2020 By Joseph Menn and Raphael Satter WASHINGTON (Reuters) – The suspected Russian hackers behind the worst U.S. cyber attack in years leveraged reseller access to Microsoft Corp services to penetrate targets that had no compromised network software from SolarWinds Corp, investigators said. While updates to SolarWinds’ Orion software was previously the...

Tesla to start operations in India next year – report

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December 28, 2020 (Reuters) -Tesla Inc will come to India early next year, country’s transport minister Nitin Gadkari told national daily the Indian Express on Monday. The electric-car maker will start with sales and then might look at assembly and manufacturing based on the response, the minister told https://indianexpress.com/article/business/nitin-gadkari-confirms-tesla-coming-to-india-in-early-2021-7123238 the newspaper. Tesla and the minister’s office could not be reached by Reuters...

U.S. to allow small drones to fly over people and at night

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December 28, 2020 By David Shepardson WASHINGTON (Reuters) – Small drones will be allowed to fly over people and at night in the United States, the Federal Aviation Administration (FAA) said on Monday, a significant step toward their use for widespread commercial deliveries. The FAA said its long-awaited rules for the drones, also known as unmanned aerial vehicles,...