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Innovation & Intellectual Property

REUTERS TOP 25
The World’s Most Innovative Research Institutions – 2017
The 25 government-funded agencies that top Reuters' second annual ranking are conducting research that private companies can't afford and making scientific discoveries that are launching new industries.

Recent Innovation News

Coty says not against online sales, wants to protect luxury brands

LUXEMBOURG German beauty products maker Coty rejected claims that its distribution policies imply a blanket ban on online sales, arguing that its main concern was to safeguard the cachet of its luxury brands such as Marc Jacobs, Calvin Klein and Chloe.

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Toshiba gets go-ahead for chip unit sale at angry shareholder meeting

Chiba, JAPAN Toshiba Corp shareholders agreed to split off its prized NAND flash memory unit on Thursday, paving the way for a sale to raise at least $9 billion to cover U.S. nuclear unit charges that threaten the conglomerate's future. | Video

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Investors bet on a quiet tech revolution in Europe

LONDON It's not banking or mining shares, but rather technology stocks, that have come up trumps in Europe this year and are poised to end the first quarter as the best-performing sector.

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After sale to Intel, Mobileye's founder raises sights on IPO for OrCam

JERUSALEM With the ink barely dry on the $15 billion sale of his autonomous driving technology firm Mobileye to Intel , inventive Israeli entrepreneur Amnon Shashua now has his sights set on taking another start-up public by the end of next year.

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Exclusive: Bullying, bonuses and a red flag that BT missed in Italy - sources

MILAN Three employees of BT Group's Italian unit warned their Madrid-based supervisor in November 2015 about possible accounting problems at BT Italy, one of the three said, a year before the phone company revealed financial irregularities at the division.

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Amazon plans layoffs at Quidsi unit after losses

Amazon.com Inc plans to cut 263 jobs at its money-losing parenting products unit Quidsi this summer as part of a business restructuring, it said in a notice filed with New Jersey on Wednesday.

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Tesla deal boosts Chinese presence in U.S. auto tech

DETROIT China's Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services. | Video

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Amazon clinches deal to buy Middle East online retailer Souq.com

DUBAI Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said. | Video

Fresh funds, acquisition by Industrious give coworking a lift

NEW YORK Industrious, the second-biggest U.S. coworking firm by number of locations, said on Tuesday it acquired a search website for spare office space and raised $25 million in fresh funds as investors bet the shared-office industry grows and goes mainstream.

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AI to become main way banks interact with customers within three years: Accenture

LONDON Artificial intelligence (AI) will become the primary way banks interact with their customers within the next three years, according to three quarters of bankers surveyed by consultancy Accenture in a new report.

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