Fly me to the moon: Germany eyes slice of lucrative space market






BERLIN Reuters) - Facing tough competition from China, the United States and even tiny Luxembourg, Germany is racing to draft new laws and attract private investment to secure a slice of an emerging space market that could be worth $1 trillion a year by the 2040s.

The drive to give Germany a bigger role in space comes as European, Asian and U.S. companies stake out ground in an evolving segment that promises contracts for everything from exploration to mining of outer-space resources.

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Uber unveils IPO terms that are well below expectations






(Reuters) - Uber Technologies Inc, the world’s largest ride-hailing company, plans an initial public offering that values the company as much as one-third below what the startup’s insiders had hoped for, between $80.5 billion and $91.5 billion.

The valuation, outlined in a regulatory filing on Friday, is less than the $120 billion that investment bankers told Uber last year it could fetch, and closer to the $76 billion valuation it attained in a private fundraising round in 2018.

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Slack is loss-making but revenue continues to grow, filing shows






(Reuters) - The owner of popular workplace instant messaging app Slack made public strong year-on-year growth numbers on Friday, and an annual loss of $140.7 million, as it filed formally for its long-awaited market debut.

The San Francisco-based company, Slack Technologies, seeking to go public via a direct listing similar to that of music streaming app Spotify last year, published numbers showing it had more than 10 million daily active users as of the end of January.

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Toyota abandons plan to install U.S connected vehicle tech by 2021






WASHINGTON (Reuters) - Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to avoid collisions.

Automakers have been divided over whether to proceed with the DSRC system or use a 4G- or 5G-based system in the United States. Toyota’s announcement is a major blow to advocates of DSRC.

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Chernobyl comes back to life in Ukrainian computer game






KIEV (Reuters) - A Ukrainian computer game that brings to life a town abandoned after the Chernobyl nuclear disaster may not sound like everyone’s idea of fun but has attracted 60,000 people globally since its launch in October.

Players of “Isotopium: Chernobyl” drive tanks around the ghost town of Prypyat near Chernobyl, knocking out competitors as they search for an energy source called isotopium and collecting points every time they find some.

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Asian shares rise on strong U.S. GDP, eyes on Fed, China






SHANGHAI (Reuters) - Asian stock markets edged up on Monday after surprising strong U.S. first-quarter economic growth boosted the S&P 500 index to a record high, but gains were capped by caution over less upbeat aspects in the GDP report which pointed to some weakening ahead.

Investors were also awaiting a meeting of the U.S. Federal Reserve this week and Chinese factory data for further clues on policy direction in the world’s biggest economies.

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U.S. sanctions on Iran, Venezuela set up crunch for heavier oil






LONDON (Reuters) - Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing global supply of heavy-medium crude, driving up prices for scarcer barrels and setting up a stand-off between buyers and sellers.

The new curbs on Iranian exports come on top of Washington’s earlier ban on Venezuelan crude and output snags in Angola, another big producer of the dense crude grades that best yield lucrative refined products like jet fuel.

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Canadian and Japanese leaders tout benefits of Pacific trade deal that Trump abandoned






OTTAWA (Reuters) - The leaders of Canada and Japan on Sunday touted the benefits of a Pacific trade deal that U.S. President Donald Trump walked away from and said the pact should serve as a model for future agreements.

The landmark 11-country trade deal, a revamped version of the Trans-Pacific Partnership (TPP), came into force last December. It does not include the United States, which pulled out of talks on the initial TPP in 2017.

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Dollar becalmed as Japan takes an extended break






SYDNEY (Reuters) - Calm settled over Asian currency markets on Monday as Japan kicked off a week of holidays, giving investors an extra excuse to sit on their hands ahead of a Federal Reserve policy meeting and U.S. jobs numbers.

All eyes are on the Fed to see what they made of the first-quarter gross domestic product report, which showed strong growth of 3.2 percent, but largely for one-off reasons including a surge in inventories.

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