May 8 (Reuters) - Apple ( AAPL ) is developing specialized chips that will power future devices including its first smart glasses, artificial intelligence servers and new MacBooks, Bloomberg News reported on Thursday. The iPhone-maker has made progress on the chip that it's developing for smart glasses, the report said, citing people with knowledge of the matter. This indicates that...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

WASHINGTON, May 8 (Reuters) - U.S Transportation Secretary Sean Duffy on Thursday called on Congress to provide billions of dollars to replace the Federal Aviation Administration's crumbling telecommunications equipment and radar systems, build new towers and improve runway safety. Duffy's plan calls for replacing copper wire with new fiber, wireless and satellite technologies, replacing 618 radars, increasing the number of...

LONDON, May 8 (Reuters) - The chairman of Jefferies' European investment banking Financial Institutions Group, George Maddison, is retiring from his role, according to two sources with knowledge of the situation. The banker, who is stepping down after a four-year stint, was brought in from Credit Suisse as Jefferies sought to build up its FIG advisory business. He spent more...