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Huawei executive says goal to be world's top phone maker some time off






SHANGHAI (Reuters) - China’s Huawei Technologies Co Ltd will need more time to become the world’s largest smartphone maker, a goal it originally aimed to achieve in the fourth quarter of this year, a senior executive said on Tuesday.

“We would have become the largest in the fourth quarter (of this year) but now we feel that this process may take longer,” said Shao Yang, chief strategy officer of Huawei Consumer Business Group, without elaborating on reasons.

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Citi launches co-branded credit cards with SE Asia's Grab in push for more customers






HONG KONG (Reuters) - Citigroup has teamed up with Singapore-based ride-hailing firm Grab to launch co-branded credit cards, as it looks to boost its Asian customer base by about 13% via partnerships with digital firms, a senior Citi executive said.

The new cards mark the latest step in Grab’s big push into the financial services sector, an area it has earmarked for growth. For the U.S. bank, it is in line with its strategy to offer its products within online ecosystems as consumers spend more time on smartphones.

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Facebook to unveil new versions of Portal video chat devices this autumn






SCOTTSDALE, Ariz. (Reuters) - Facebook Inc plans to release new versions of its Portal video chatting devices this autumn, the company’s vice president of AR/VR, Andrew Bosworth, said during an interview at the Code Conference in Scottsdale, Arizona.

“We have a lot more that we’re going to unveil later in this fall, new form factors that we’re going to be shipping,” Bosworth said of the new devices.

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Uber's European rival Bolt enters London market, again






TALLINN (Reuters) - Estonia’s Bolt, which until early 2019 was called Taxify, will on Tuesday re-enter the competitive London taxi market, promising cheaper rides to passengers and a better cut to drivers than its bigger global rival Uber Technologies Inc.

The move comes a month after Uber drivers in London joined a series of strikes to protest the disparity between gig-economy conditions and the massive $82 billion valuation at Uber’s stock market debut.

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More U.S. millennials subscribe to video games than traditional pay TV: survey






NEW YORK (Reuters) - More American millennials now subscribe to a video game service than to a traditional paid television service, according to a survey on Monday, as consumers favor new forms of entertainment that are shifting the broader media landscape.

About 53% of people born between 1983 and 1996 now pay for gaming services, versus 51% who pay for television, according to a survey from the accounting and professional services firm Deloitte.

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Supreme Court to hear Comcast appeal in Byron Allen racial bias suit






WASHINGTON (Reuters) - The U.S. Supreme Court on Monday agreed to hear cable television operator Comcast Corp’s bid to throw out comedian and producer Byron Allen’s racial bias lawsuit accusing the company of discriminating against black-owned channels.

The justices will review a decision by the San Francisco-based 9th U.S. Circuit Court of Appeals that cleared the way for a $20 billion civil rights lawsuit against Comcast to proceed. At issue in the litigation is the refusal by Comcast to carry channels operated by Entertainment Studios Networks, owned by Byron Allen, who is black.

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Some big tech firms cut employees' access to Huawei, muddying 5G rollout






NEWPORT BEACH, Calif./NEW YORK (Reuters) - Some of the world’s biggest tech companies have told their employees to stop talking about technology and technical standards with counterparts at Huawei Technologies Co Ltd in response to the recent U.S. blacklisting of the Chinese tech firm, according to people familiar with the matter.

Chipmakers Intel Corp and Qualcomm Inc, mobile research firm InterDigital Wireless Inc and South Korean carrier LG Uplus have restricted employees from informal conversations with Huawei, the world’s largest telecommunications equipment maker, the sources said.

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Employees sour on Tesla amid cost-cutting, layoffs






SAN FRANCISCO (Reuters) - Tesla Inc’s rankings at two high-profile job websites have declined, suggesting that job dissatisfaction at the electric car company is intensifying amid layoffs, strategy shifts and executive turnover.

Tesla placed 16th on LinkedIn’s annual “Top Companies 2019” list published in April, compiled from billions of actions taken by its over 600 million users that indicate job interest and demand. It held the fifth and sixth spots in 2018 and 2017, respectively.

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Microsoft unveils next-gen 'Project Scarlett' Xbox console for release in 2020






(Reuters) - Microsoft Corp on Sunday unveiled its next-generation Xbox console, known as “Project Scarlett,” which is set to hit store shelves during the 2020 holiday season.

The device will be four times more powerful than the Xbox One X console and be powered by an Advanced Micro Devices chip, the company said during its Xbox E3 conference in Los Angeles.

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