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Ericsson signs license agreement with Intellectual Ventures






STOCKHOLM (Reuters) - Ericsson expects a negative impact on operating income in segment Networks in the current quarter after it reached an agreement to end all patent infringement lawsuits with Intellectual Ventures, the Swedish company said on Monday.

The Swedish mobile gear maker said the agreement included a lawsuit that went to trial earlier this year, resulting in a $43 million jury verdict in favor of patent licensing company Intellectual Ventures.

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Aurora partners with Fiat Chrysler over self-driving tech






SAN FRANCISCO (Reuters) - Self-driving car software startup Aurora said on Sunday it would partner with Fiat Chrysler to build autonomous platforms for commercial vehicles, the latest collaboration with an automaker for the fast-growing Silicon Valley company.

The deal with one of the Big Three will expand Aurora’s scope, “allowing us to offer a variety of solutions to strategic customers in logistics, transit and other use cases,” the Palo Alto, California-based company said in a brief statement.

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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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Mnuchin says Trump could ease up on Huawei if trade talks advance






(Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Sunday that President Donald Trump might ease U.S. restrictions on Huawei if there was progress in the trade row with China - but absent a deal, Washington would maintain tariffs to cut its deficit.

“I think what the president is saying is, if we move forward on trade, that perhaps he’ll be willing to do certain things on Huawei if he gets comfort from China on that and certain guarantees,” Mnuchin said. “But these are national security issues.”

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G20 agrees to wrap up Big Tech tax rules by 2020






TOKYO (Reuters) - Group of 20 finance ministers agreed on Sunday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a final communique issued by the bloc showed on Sunday.

Facebook, Google, Amazon and other large technology companies face criticism for reducing their tax bills by booking profits in low-tax countries regardless of the location of the end customer. Such practices are seen by many as unfair.

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G20 agrees to push ahead with digital tax: communique






FUKUOKA, Japan (Reuters) - Group of 20 finance ministers agreed on Saturday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a copy of the bloc’s draft communique obtained by Reuters showed.

Facebook, Google, Amazon, and other large technology firms face criticism for cutting their tax bills by booking profits in low-tax countries regardless of the location of the end customer. Such practices are seen by many as unfair.

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China to curb some technology exports to U.S.: Global Times editor






FUKUOKA, Japan (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Saturday maintained his view the global economy will recover in the latter half of this year, but warned that uncertainties remain as fallout from the Sino-U.S. trade war deepens.

Kuroda said the global economy is “stabilizing somewhat” from its weakness late last year, as central banks maintain supportive policies and China takes stimulus measures to prop up growth.

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FedEx to end Amazon contract for FedEx Express plane service






(Reuters) - FedEx Corp on Friday decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express, the unit that delivers packages on planes, a move that reflects the broader trend of the e-commerce company moving services in-house.

Amazon has been building out its own delivery network of planes, trucks and vans, a development that is seen posing a potential long-term challenge to FedEx and delivery rival United Parcel Service Inc, both of which count Amazon as a customer.

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Amazon is interested in buying Boost from T-Mobile, Sprint, sources say






Amazon is interested in buying prepaid cellphone wireless service Boost Mobile from U.S. carriers T-Mobileand Sprint, according to two sources familiar with the matter.

Amazon is considering buying Boost mainly for an attached wholesale deal that would allow the buyer to use T-Mobiles wireless network for at least six years, one of the sources said. Amazon would also be interested in any wireless spectrum that could be divested, the source said.

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