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By Reuters Staff (Adds quote, background) OSLO, March 8 (Reuters) - Norway’s Aker ASA is establishing a new unit dedicated to investing in bitcoin and blockchain technology, the industrial holding company said on Monday. Seetee AS would initially have a capital of 500 million Norwegian crowns ($58.6 million) and planned to keep its liquid assets in bitcoin, Aker said. Seetee would collaborate with Canada’s Blockstream, focusing initially on bitcoin mining while also seeking to fuse blockchain technology with Aker’s industrial operations, it said. “These technologies have the potential...

The European Union wants to produce a fifth of the global output of cutting-edge semiconductors at the end of this decade and make its first quantum computer in five years, as part of efforts to cut its dependence on non-European technologies.

2 Min Read (Reuters) - Private equity firms Clearlake Capital Group and TA Associates have acquired control of U.S. software company Precisely from another private equity firm in a $3.5 billion deal, a source familiar with the matter told Reuters. The seller, Centerbridge Partners, will remain a minority investor, the source said late on Tuesday. It was not immediately known how much Clearlake and TA Associates will each own in Precisely, nor how the deal will be funded. The Wall Street Journal had reported earlier that TA Associates and Clearlake, which was already a minority investor in Pre...

3 Min Read ROME (Reuters) - The Italian data privacy watchdog ordered video app TikTok on Friday to block the accounts of any users in Italy whose age it could not verify following the death of a 10-year-old girl who had been using the Chinese-owned app. FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration In a statement, the regulator said that although TikTok had committed to ban registration for children aged under 13, it was nonetheless easy to circumvent this rule. As a result, it said TikTok had to block unver...

Baidu has appointed a chief executive officer and decided on a brand for its electric vehicle (EV) venture with Zhejiang Geely Holding Group, the Chinese search engine giant said on Thursday.