Cryptocurrency emerges as tool to block cyber attacks

  Bloomberg The US defense agency that helped invent the Internet is now looking at blockchain, the database technology behind the digital currency bitcoin, to help protect the networks its research made possible. The Defense Advance Research Projects Agency, an R&D arm of the military, has funded several startups and technology companies, such as Guardtime Federal LLC, while others including ...

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Robot cars to descend on 10 test sites in US

  Bloomberg Robot cars will be put through their paces by researchers and federal regulators at 10 test tracks designated by the US as official sites for validating the technology. In one of its last acts under the Obama administration, the Transportation Department picked two sites in California and one each in Michigan and seven other states as locations for ...

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Samsung to blame Note 7 fiasco on irregular sized battery

  Bloomberg Samsung Electronics Co. will reveal on Monday that irregularly sized batteries made by an affiliate caused the overheating and fires that eventually forced the cessation of its Note 7 smartphone line, a person familiar with the matter said. The world’s largest smartphone maker is scheduled to announce the results of an investigation into the fires that forced it ...

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Flabby heart keeps pumping with squeeze from robotic sleeve

  WASHINGTON / AP Scientists are developing a robotic sleeve that can encase a flabby diseased heart and gently squeeze to keep it pumping. So far it’s been tested only in animals, improving blood flow in pigs. But this “soft robotic” device mimics the natural movements of a beating heart, a strategy for next-generation treatments of deadly heart failure. The key: ...

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Turkey’s Pegasus culls Boeings for leaner Neo as demand ebbs

  Bloomberg Turkey’s Pegasus Airlines is accelerating a shift to more fuel-efficient A320neo planes ordered from Airbus Group SE as a spate of terrorist attacks in the country hurts demand and curbs revenue. The low-cost carrier, owned by Istanbul-based private equity firm Esas Holding AS, will start selling older Boeing Co. 737 jets following Turkey’s worst year for tourism in ...

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New York’s JFK gets $10bn for facelift

  Bloomberg New York’s Idlewild Airport opened in the summer of 1948 on a former golf resort. This outpost at the southeastern edge of New York City became an aviation marvel in the late 1950s as several big airlines opened terminals with cutting-edge technology aimed at enhancing the passenger experience. “Its every feature bespeaks speed and function,” Life magazine wrote ...

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ATR says aircraft deal with Iran imminent

  TOULOUSE / Reuters Turboprop maker ATR has completed commercial negotiations with IranAir for the sale of at least 20 aircraft and expects to be able to sign a contract very soon, the head of the Franco-Italian aircraft maker said. The deal will come after Iran, which had not directly purchased a Western-built plane in nearly 40 years, signed contracts ...

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Cathay declines after carrier gives scant details on revamp

  Bloomberg Cathay Pacific Airways Ltd. shares dropped the most in three months after the carrier’s planned business revamp fell short on details, failing to soothe investor concerns over a slide in earnings. Changes at Asia’s biggest international airline “will start at the top” and the carrier will eliminate some positions as part of a review, with key changes taking ...

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American mimics United with fare barring use of overhead bin

  Bloomberg American Airlines Group Inc. followed United Continental Holdings Inc. in announcing no-frills tickets that limit carry-on bags to those that fit under a seat, bolstering efforts to compete with fast-growing fare discounters. The new basic-economy tickets will go on sale Feb. 10 in select domestic markets, and the first flights will begin soon after, the Fort Worth, Texas-based ...

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Global packaged food market to reach US$2.2trn by 2020

  Dubai / Emirates Business The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands segment at Gulfood 2017. Represented by a contingent of major food industry heavyweights including Unilever, Nestle, Del Monte ...

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