World electronic gaming revenues to grow 9.6% to $152.1 billion in 2019: report






NEW YORK (Reuters) - The global video and electronic games market will generate $152.1 billion in 2019, up 9.6% over last year as gaming morphs into content and communication, according to a report by gaming analytics firm Newzoo on Tuesday.

It is “the complete convergence of different forms of digital entertainment all coming together,” Peter Warman, chief executive of the Netherlands-based firm, told Reuters in a phone interview.

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Uber threatens to withdraw from Austria






VIENNA (Reuters) - U.S.-based ride-hailing service Uber Technologies Inc threatened on Tuesday to withdraw from Austria if a new law that would subject it to the same price regulations as taxis is adopted.

“If that comes, then a withdrawal definitely cannot be ruled out,” Uber Austria chief Martin Essl told ORF radio. “We probably cannot continue with this backward-looking amendment.”

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Volkswagen aims to boost in-house software development to 60% by 2025






BERLIN (Reuters) - Volkswagen said on Tuesday it would put 5,000 digital experts into a new unit called “Car.Software” by 2025 as the German carmaker aims to develop at least 60% of its software in-house by then, up from less than 10% currently.

Volkswagen said all of its new models would use the same software platform - consisting of its vehicle operating system known as “vw.os” and the Volkswagen Automotive Cloud - by 2025.

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Alibaba puts CFO in charge of investment in major management reshuffle






BEIJING/SHANGHAI (Reuters) - China’s Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as the e-commerce firm looks to bolster its investment focus in the face of slowing growth.

Chief Financial Officer Maggie Wu will oversee Alibaba’s strategic investments unit, taking over that responsibility from Executive Vice-Chairman Joe Tsai who will support Wu in her expanded role, the firm said on its official WeChat account.

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Uber to retain Careem brand for now: Careem CFO






DUBAI (Reuters) - Uber and Middle East ride-hailing business Careem will remain separate entities until at least the first quarter of 2020, when Uber’s acquisition is expected to close, Careem’s CFO said on Tuesday.

The $3.1 billion dollar acquisition will make Careem a wholly owned subsidiary of Uber, but the Careem brand and app will remain intact, at least initially.

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Oil group Total hopes new supercomputer will help it find oil faster and more cheaply






PARIS (Reuters) - Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in the sector - will enable its geologists to find oil faster, cheaper and with a better success rate.

The Pangea III computer build by IBM will help process complex seismic data in the search for hydrocarbons 10 times faster that before, Total said on Tuesday.

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Advertisers, agencies and social media combine to tackle online threat






LONDON (Reuters) - Sixteen of the world’s biggest advertisers have joined together to push platforms such as Facebook, Twitter and Google’s YouTube to do more to tackle dangerous and fake content online.

The Global Alliance for Responsible Media will also include media buying agencies from the major ad groups - WPP, IPG, Publicis, Omnicom and Dentsu - as well as the platform owners, the group said on Tuesday at the ad industry’s annual gathering in Cannes, France.

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French drugmaker Sanofi, Google to use data tech for innovations






PARIS (Reuters) - French healthcare company Sanofi has teamed up with Google to work on innovations, aimed at using emerging data technologies to change how medicines and health services will be delivered in future.

Sanofi and Google will use data sets to improve their understanding of key diseases and extract patients’ insights and feedback, the companies said in a joint statement.

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