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INNOVATION
From grudge to nudge: tech firms help insurers shift gear

Recent Innovation News

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Western Digital to seek injunction to block Toshiba's $18 billion chip unit sale

TOKYO Western Digital Corp said on Tuesday it will seek an injunction to block the sale of Toshiba Corp's prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner.

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Alibaba takes control of logistics business, pledges $15 billion to expand network

HONG KONG/BEIJING Chinese e-commerce firm Alibaba Group has taken control of logistics unit Cainiao and pledged to spend 100 billion yuan ($15 billion) over five years to build out a global logistics network, underscoring aggressive expansion plans overseas.

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Uber rival Lyft met London transport officials, documents show

FRANKFURT/LONDON Lyft, Uber’s closest U.S. rival in the taxi-hailing business, met repeatedly with officials from London's transport regulator over the past year, a sign it may be targeting the city for international expansion.

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Apologizing to London, Uber CEO offers change to keep license

LONDON Uber's [UBER.UL] new boss Dara Khosrowshahi apologized to Londoners for the taxi app's mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets. | Video

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Dubai starts tests in bid to become first city with flying taxis

DUBAI Dubai staged a test flight on Monday for what it said would soon be the world's first drone taxi service under an ambitious plan by the United Arab Emirates city to lead the Arab world in innovation.

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Britain's minister for London slams 'blanket ban' on Uber

LONDON A British government minister has criticized the London authorities for deciding to strip Uber of its taxi licence, a major setback to the U.S. technology firm that has become a big player in the city's transport system.

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French president says Nokia job cut plan breaks commitment

PARIS French President Emmanuel Macron said on Friday a decision by Finnish telecom equipment maker Nokia to cut about 600 jobs in France did not comply with commitments the firm made when it bought rival Alcatel-Lucent in 2016.

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Hack of Wall Street regulator rattles investors, lawmakers

WASHINGTON Wall Street's top regulator came under fire on Thursday over its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading. | Video

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Distrustful U.S. allies force spy agency to back down in encryption fight

SAN FRANCISCO An international group of cryptography experts has forced the U.S. National Security Agency to back down over two data encryption techniques it wanted set as global industry standards, reflecting deep mistrust among close U.S. allies. | Video

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Google bets anew on smartphones, pays $1.1 billion for HTC's Pixel division

TAIPEI/SAN FRANCISCO Alphabet Inc's Google said it would pay $1.1 billion for the division at Taiwan's HTC Corp that develops the U.S. firm's Pixel smartphones - its second major foray into phone hardware after an earlier costly failure. | Video

State of Innovation

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Kwanjeong Library is seen at the Seoul National University in Seoul, South Korea, August 4, 2016. REUTERS/Kim Hong-Ji AUNI

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The library of the university KU Leuven Katholieke Universiteit Leuven is pictured in Leuven, Belgium, June 8, 2016. REUTERS/Francois Lenoir

Europe's Most Innovative Universities – 2017

Reuters ranks the academic institutions producing the most influential scientific research and generating the largest number of patents.  Full article