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Reuters Technology
Jul 23, 2019

Facebook-style app launches in Vietnam amid tightening internet rules
A Facebook-style social network was launched in Vietnam on Tuesday, following calls by the Communist-ruled government for domestic tech companies to create alternatives to U.S. tech giants Facebook and Google.

Reuters Technology
Jul 23, 2019

Alibaba welcomes U.S. small businesses to sell globally on its platform
Chinese e-commerce giant Alibaba Group Holdings Ltd will now allow small businesses in the United States to sell on Alibaba.com, the company said on Tuesday, an effort to tap into the business-to-business e-commerce market and fend off fierce competition from rivals like Amazon.com Inc .

Reuters Technology
Jul 23, 2019

Huawei first-half revenue up about 30% despite U.S. ban: Bloomberg
Huawei Technologies Co Ltd's revenue grew roughly 30% in the first half after select teams secured critical supplies to keep production going despite U.S. technology export restrictions, Bloomberg reported on Tuesday, citing people familiar with the matter.

Reuters Technology
Jul 23, 2019

Norsk Hydro shares jump as Brazil operations ramp up
Aluminum producer Norsk Hydro has managed to ramp up operations at its Alunorte refinery in Brazil despite a cyber attack in March, the firm said on Tuesday, boosting its shares.

Reuters Technology
Jul 23, 2019

Japan's Marubeni backs blockchain crowd-sourcing platform for solar, wind farms
Japan's Marubeni Corp has agreed to back a blockchain power purchasing platform, WePower, that is looking to establish itself in Australia to tap rapid growth in solar and wind power, the two firms said on Tuesday.

Reuters Technology
Jul 23, 2019

Daimler, Bosch get approval to test driverless valet parking
Daimler and auto supplier Bosch will start valet parking using autonomous driving technology in Stuttgart, Germany, after local authorities gave the carmaker permission to start testing the technology.

Reuters Technology
Jul 23, 2019

Trading platform IG confident of turning corner after profit slump
IG Group expects to return to revenue growth in the second half of this year after the online trading platform reported a 31% slump in annual earnings due to Europe's clampdown on high-stakes financial betting by amateur traders.

Reuters Technology
Jul 23, 2019

South Korean firm to boost output of chipmaking chemical amid Japan curbs: report
A South Korean maker of a chemical that is used for producing semiconductors will increase output soon with a new plant coming on stream, helping domestic chipmakers offset export curbs imposed by Japan, a local media report said on Tuesday.

Reuters Technology
Jul 23, 2019

UK's IQE reassures investors with Asian orders
Cardiff-based IQE Plc expects new supply chains in Asia to provide significant orders, the supplier of semiconductor wafer to Apple Inc said on Tuesday, sending its shares up more than 13%.

Reuters Technology
Jul 23, 2019

Top investors lose $1 billion as China's Nasdaq-style board reverses on day two
The biggest shareholders in China's new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on Tuesday, a day after the board's roaring debut created three new billionaires.

Reuters Technology
Jul 23, 2019

China's Neolix to trial autonomous vehicles in Saudi, UAE
China's Neolix has signed a preliminary agreement with Middle East e-commerce company noon to trial autonomous vehicles in Saudi Arabia and the United Arab Emirates.

Reuters Technology
Jul 23, 2019

Huawei head says group can sign 'no backdoor' deal with any country: Italy paper
Huawei Technologies, the Chinese technology and telecoms group under pressure from the United States, is ready to sign a "no backdoor" agreement with any country, its founder told an Italian newspaper on Tuesday.

Reuters Technology
Jul 23, 2019

Tighter rules hammer IG Group annual profit
Online trading platform IG Group Holdings on Tuesday reported a slump of almost a third in its earnings for the year, hurt by Europe's clampdown on the provision of access to high-stakes financial betting to amateur traders.

Reuters Technology
Jul 23, 2019

UK's IQE sees sales hit from U.S.-China trade war
Britain's IQE Plc said on Tuesday its sales had been hit by the trade war between Beijing and Washington, while reporting a handful of new deals with Asian customers that would give it access to new supply chains and provide "significant" volumes.

Reuters Technology
Jul 23, 2019

Warren Buffett's charity lunch with cryptocurrency entrepreneur postponed
Cryptocurrency entrepreneur Justin Sun has postponed his $4.57 million charity lunch with Warren Buffett due to ill health, according to a tweet from Sun's TRON Foundation.

Reuters Technology
Jul 23, 2019

Power traders tackle renewables puzzle in Danish 'Silicon Valley'
Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European power markets, easing the shift to renewables with technology that also carries some risks.

Reuters Technology
Jul 23, 2019

Norsk Hydro sees higher cost of cyber attack as second quarter lags
Norsk Hydro, one of the world's largest aluminum producers, said a cyber attack it sustained in March would cost it more than expected in the second quarter as it reported quarterly earnings that slightly lagged forecasts on Tuesday.

Reuters Technology
Jul 23, 2019

China's STAR Market stocks trim massive gains on second wild day of trade
Companies on China's new Nasdaq-style bourse retreated on Tuesday, shedding some of the massive gains made on their volatile debut in the previous session, although all remained well above their listing prices.

Reuters Technology
Jul 22, 2019

China's new Nasdaq-style STAR Market plunges on second day of trading
China's STAR Market kicked off its second day of trading on Tuesday with sharp falls in most listed shares a day after they posted average gains of 140%, underscoring the volatility of the country's new Nasdaq-style board.

Reuters Technology
Jul 22, 2019

Trump agrees to prompt responses to license requests for Huawei sales
President Donald Trump agreed at a meeting with the heads of top technology companies like Google on Monday to make "timely" decisions on requests by U.S. companies to sell to blacklisted Huawei Technologies Co Ltd, the White House said.

Reuters Technology
Jul 22, 2019

LG Display to invest $2.6 billion in OLED panel plant in South Korea
LG Display said on Tuesday that it would invest 3 trillion won ($2.6 billion) in its organic light-emitting diode (OLED) panels production line in South Korea.

Reuters Technology
Jul 22, 2019

Equifax consumers face uphill battle for claims
Consumers affected by the massive Equifax Inc data breach in 2017 will not reap any windfalls from the credit reporting company's $700 million U.S. settlement announced on Monday, but may face a cumbersome process to get compensation.

Reuters Technology
Jul 22, 2019

Trump meets with tech CEOs on Huawei
U.S. President Donald Trump met on Monday with the chief executives of seven technology companies and he agreed with their request for timely licensing decisions from the Commerce Department on blacklisted Chinese firm Huawei Technologies, the White House said.

Reuters Technology
Jul 22, 2019

Apple in advanced talks to buy Intel's smartphone-modem chip business: WSJ
Apple Inc is in advanced talks to buy chipmaker Intel Corp's smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Reuters Technology
Jul 22, 2019

Equifax's $700 million data breach settlement spurs criticism, calls for new rules
Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law with a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that could spur new consumer data rules.

Reuters Technology
Jul 22, 2019

Trump expected to attend White House tech meeting where Huawei will be discussed: sources
U.S. President Donald Trump is expected to drop in on a Monday meeting of top technology companies, including the chief executives of Intel Corp and Broadcom Inc, held to discuss blacklisted Huawei Technologies Co Ltd and other topics, two people briefed on the matter said.

Reuters Technology
Jul 22, 2019

Huawei executive says 'concerned' about Canadians held in China
The Canadian unit of China's Huawei Technologies Co Ltd sought to distance itself from the actions of the Chinese government on Monday, with a top local executive saying the company is worried about two Canadian men being held by Beijing.

Reuters Technology
Jul 22, 2019

Equifax's $700 million data breach settlement spurs calls for new rules
Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law with a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that could spur new consumer data rules.

Reuters Technology
Jul 22, 2019

FTC to announce $5 billion settlement with Facebook as early as this week: sources
The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc as early as this week of its investigation into the social media company's handling of user data, two sources briefed on the matter said on Monday.

Reuters Technology
Jul 22, 2019

Britain delays decision on Huawei's role in 5G networks
Britain on Monday postponed a decision on whether Huawei could participate in building next-generation 5G mobile networks until it had a clearer picture on the impact of U.S. measures taken against the Chinese company.

Reuters Technology
Jul 22, 2019

Facebook, Amazon and Alphabet take center stage on Wall Street
The so-called FANG stocks take center stage on Wall Street this week, with Amazon , Alphabet and Facebook set to report as the S&P 500 approaches a record high.

Reuters Technology
Jul 22, 2019

Britain delays judgment on Huawei's role in 5G networks
Britain on Monday postponed its decision on whether Huawei [HWT.UL] could participate in next-generation 5G telecoms networks until there was a clearer picture about the impact of measures taken against the Chinese company by the United States.

Reuters Technology
Jul 22, 2019

Factbox: Biggest U.S. data breach settlements before Equifax
The U.S. Federal Trade Commission announced on Monday that Equifax Inc. will pay up to $700 million for a data breach that exposed millions of consumers' personal information.

Reuters Technology
Jul 22, 2019

Trump expected to drop in on White House tech meeting with Broadcom, Intel CEOs: sources
U.S. President Donald Trump is expected to drop in on a Monday meeting of top technology companies, including the CEOs of Intel Corp and Broadcom Inc, to discuss blacklisted Huawei Technologies Co Ltd and other topics, two people briefed on the matter said.

Reuters Technology
Jul 22, 2019

Trump: 'We will have to find out' about Huawei's relationship with North Korea
Asked about a media report that said Huawei Technologies Co Ltd [HWT.UL] had secretly built and maintained North Korea's commercial wireless network, U.S. President Donald Trump said on Monday, "We will have to find out."

Reuters Technology
Jul 22, 2019

Equifax to pay $700 million over 2017 data breach, compensate consumers
Credit-reporting company Equifax Inc will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information that affected around 147 million consumers, authorities said on Monday.

Reuters Technology
Jul 22, 2019

Equifax to pay up to $700 million in U.S. data breach settlement
Credit-reporting company Equifax Inc will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday.

Reuters Technology
Jul 22, 2019

Microsoft to invest $1 billion in OpenAI
Microsoft Corp said on Monday it was investing $1 billion in San Francisco-based OpenAI and that the two had formed a multi-year partnership to develop artificial intelligence supercomputing technologies on Microsoft's Azure cloud computing service.

Reuters Technology
Jul 22, 2019

Huawei secretly helped North Korea build, maintain wireless network: Washington Post
Huawei Technologies Co Ltd [HWT.UL], the Chinese company put on a U.S. black list because of national security concerns, secretly helped North Korea build and maintain its commercial wireless network, the Washington Post reported on Monday, citing sources and internal documents.

Reuters Technology
Jul 22, 2019

China's ByteDance plans to set up data center in India
China's ByteDance said it plans to open a data center in India, where it is facing concerns about consumer privacy and demands for a ban on its hugely popular video app TikTok.

Reuters Technology
Jul 22, 2019

Equifax to pay up to $650 million in data breach settlement
Credit-reporting company Equifax Inc will pay up to a record $650 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday.

Reuters Technology
Jul 22, 2019

Frenzied debut of China's Nasdaq-style board adds $44 billion in market cap
Trading on China's new Nasdaq-style board for homegrown tech firms hit fever pitch on Monday, with shares up as much as 520% in a wild debut that more than doubled the exchange's combined market capitalization and beat veteran investors' expectations.

Reuters Technology
Jul 22, 2019

South Korea eases path for quality tests of chip suppliers amid Japan curbs: government
South Korean chipmakers such as Samsung Electronics will allow their equipment to be used for conducting quality tests at their domestic suppliers as part of an arrangement brokered by the government to counter Japan's export curbs.

Reuters Technology
Jul 22, 2019

Culture minister to make statement on 5G review on Monday: UK PM spokesman
British culture minister Jeremy Wright is due to make a statement on a review of next generation 5G telecommunications networks on Monday, Prime Minister Theresa May's spokesman said, adding it would depend on the parliamentary timetable.

Reuters Technology
Jul 22, 2019

China's Tencent says to work with The Pokemon Co on new game
China's Tencent Games said on Monday that its Timi Studio will work with The Pokemon Company, a firm partially owned by Japan's Nintendo, on developing a new game.

Reuters Technology
Jul 22, 2019

Toshiba Memory sees 'good chance' of M&A in push for data center business
Japan's Toshiba Memory said there was a "good chance" for acquisitions as it pushes to increase its share of the market for advanced storage products used in data centers.

Reuters Technology
Jul 22, 2019

Stellar debut for China's Nasdaq-style board adds $44 billion in market cap
Trading on China's new Nasdaq-style board for homegrown tech firms hit a fever pitch on Monday, sending shares up as much as 520%, increasing the firms' combined value by $44 billion and surpassing the expectations of veteran investors braced for a wild ride.

Reuters Technology
Jul 22, 2019

Manic Monday for China's Nasdaq-style bourse as shares rocket
Trading on China's new Nasdaq-style board for homegrown tech firms hit a fever pitch on Monday, sending shares up as much as 400% for the day, and far exceeding the expectations of veteran investors braced for a wild ride.

Reuters Technology
Jul 22, 2019

Circuit breakers trip, shares soar as China's Nasdaq-style bourse debuts
Trading hit a fever pitch, with shares rocketing as much as 520%, as China's new Nasdaq-style board for homegrown tech firms debuted on Monday, with valuations exceeding even the expectations of veteran investors braced for a wild ride.

Reuters Technology
Jul 22, 2019

Circuit breakers trip as China's Nasdaq-style bourse debuts
Trading hit a feverish pitch on China's new Nasdaq-style board for homegrown tech firms on its debut on Monday, with most stocks surging and drawing attention away from the main board.

Reuters Technology
Jul 21, 2019

Toyota fetches new way to use AI, self-drive tech in Tokyo Games
Miniature remote controlled cars have proved to be a crowd pleaser at track and field throwing events, but for the Tokyo 2020 Olympics Toyota Motor Corp is upping the game with a hi-tech way to fetch javelins and hammers: pint-sized, self-driving A.I. robot cars.

Reuters Technology
Jul 19, 2019

Equifax nears deal to pay about $700 million to settle U.S. data breach probes: WSJ
Credit reporting company Equifax Inc is close to a deal to pay around $700 million to settle data breach probes with U.S. regulators and states, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Reuters Technology
Jul 19, 2019

White House to host meeting with tech executives on Huawei ban: sources
U.S. officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and software executives to discuss the U.S. ban on Huawei Technologies Co Ltd, two sources briefed on the meeting said on Friday.

Reuters Technology
Jul 19, 2019

Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract
Four Republican members of U.S. Congress, including House Armed Services Committee ranking member Mac Thornberry, sent a letter to President Donald Trump on Thursday urging him to move forward with a $10 billion cloud contract with the Defense Department.

Reuters Technology
Jul 19, 2019

Confusion builds over U.S. ban on Chinese surveillance technology
Contractors who buy and install Hikvision and Dahua surveillance systems told U.S. officials on Friday that an ambiguous law that bans purchases from the two Chinese companies could harm their businesses.

Reuters Technology
Jul 19, 2019

Trump tells France's Macron U.S. concerned with proposed digital services tax
U.S. President Donald Trump spoke with French President Emmanuel Macron on Friday and expressed concerns about the country's proposed digital services tax, the White House said.

Reuters Technology
Jul 19, 2019

Four U.S. lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract
Four members of U.S. Congress, including House Armed Services Committee ranking member Mac Thornberry, sent a letter to President Donald Trump on Thursday urging him to move forward with a $10 billion cloud contract with the Department of Defense.

Reuters Technology
Jul 19, 2019

Fed's Bullard sees cryptocurrencies shifting U.S. financial system
Cryptocurrencies are changing the U.S. currency system in ways that may facilitate illegal activity and instability in prices, St. Louis Federal Reserve President James Bullard said on Friday.

Reuters Technology
Jul 19, 2019

Italy's watchdog says single network controlled by TIM would be 'backward step'
A single network entity controlled by Italy's former monopoly phone group Telecom Italia (TIM) would be a "backward step", the country's communication watchdog chief Angelo Cardani said on Friday.

Reuters Technology
Jul 19, 2019

UK delay on Huawei 5G decision harming ties, lawmakers say
A powerful committee of British lawmakers on Friday urged the next prime minister to decide quickly on the role China's Huawei will have in next-generation 5G telecommunications networks to avert more damage to Britain's international relations.

Reuters Technology
Jul 19, 2019

Russian lawmakers propose making local software mandatory on smartphones
Russian lawmakers want to make it a legal requirement for all smartphones, computers and smart TV sets sold in Russia to come pre-installed with certain Russian software in a bid to support domestic software producers, according to a draft bill.

Reuters Technology
Jul 19, 2019

Britain to cut Huawei decision from telecoms review: sources
Britain plans to publish the results of a long-awaited telecoms supply chain review next week without a decision on the use of equipment made by China's Huawei in future 5G networks, people with knowledge of the matter told Reuters.

Reuters Technology
Jul 19, 2019

China's intelligence law looms over EU 5G safeguards: official
The European Union cannot ignore China's National Intelligence Law, which requires Chinese citizens to support state information-gathering, as Brussels seeks rules for super-fast mobile networks, a senior EU official said on Friday.

Reuters Technology
Jul 19, 2019

EU must be aware of China's intelligence law when drawing up 5G rules: King
China's National Intelligence Law, which requires Chinese citizens to support state information-gathering, cannot be ignored by the European Union as it draws up rules to protect mobile networks, an EU commissioner said on Friday.

Reuters Technology
Jul 19, 2019

Britain's delay on Huawei 5G decision harming international ties: UK lawmakers
Britain's new prime minister must urgently make a decision on the role China's Huawei will have in next-generation 5G networks as the ongoing debate is damaging international relations, a powerful committee of British lawmakers said on Friday.

Reuters Technology
Jul 19, 2019

Toyota, China's BYD team up to develop battery EVs
Toyota Motor said it would develop battery electric vehicles (EVs) and batteries with BYD Co Ltd, in a sign it was ramping up partnerships with Chinese players as planned to build affordable EVs for the world's top auto market.

Reuters Technology
Jul 19, 2019

SoftBank raises $270 million via Seoul unit for early-stage investments
SoftBank Group Corp said on Friday its Seoul-based venture capital unit focusing on early-stage investments has raised a 317 billion won ($270 million) fund.

Reuters Technology
Jul 19, 2019

Oyo founder to buy back $2 billion worth stake in SoftBank-backed Indian co
Indian hospitality startup Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership closer to biggest investor SoftBank Corp .

Reuters Technology
Jul 19, 2019

ITV, BBC to offer BritBox at 6 pounds per month in UK
(Reuters - British broadcasters ITV and the BBC said on Friday they would launch streaming service BritBox in the UK at nearly 6 pounds ($7.51) per month, giving subscribers access to hit shows such as "Love Island", "Gentleman Jack" and "Coronation Street".

Reuters Technology
Jul 19, 2019

Toyota, China's BYD to jointly develop battery EVs
Toyota Motor Corp said on Friday it would jointly develop battery electric vehicles (EVs) and batteries with China's BYD Co Ltd, expanding its Chinese partnerships to build affordable EVs for the world's largest car market.

Reuters Technology
Jul 19, 2019

ITV, BBC agree to offer BritBox at 6 pounds/month in UK
(Reuters - British broadcaster ITV said on Friday it had finalised an agreement with public broadcaster BBC to launch streaming service BritBox in the UK at nearly 6 pounds ($7.51) per month for high-definition services.

Reuters Technology
Jul 19, 2019

Wirecard to handle card payments for ALDI supermarket chains
Wirecard, the German payments company, said on Friday it had signed an agreement with supermarket chains ALDI Nord and ALDI Sued to process card payments at all their stores in the country.

Reuters Technology
Jul 18, 2019

Netflix sinks on subscriber losses, analysts still see growth
Wall Street brokerages stuck to a positive outlook on Netflix Inc on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock second-quarter losses in U.S. subscribers that sank its stock price.

Reuters Technology
Jul 18, 2019

BMW, Tencent to open computing center in China for self-driving cars
German automaker BMW and Chinese online gaming giant Tencent Holdings are teaming up to launch a computing center in China that will help develop self-driving cars in the world's biggest auto market, the companies said on Friday.

Reuters Technology
Jul 18, 2019

UK's new PM must take 5G decision on Huawei urgently: committee
The new prime minister must take a decision on whether to include China's Huawei in Britain's 5G telecoms network urgently as the ongoing debate is damaging international relations, a powerful committee of UK lawmakers said on Friday.

Reuters Technology
Jul 18, 2019

Microsoft shares hit record highs, powered by growing cloud sales
Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs.

Reuters Technology
Jul 18, 2019

Microsoft beats estimates, powered by growing cloud profits
Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows.

Reuters Technology
Jul 18, 2019

Microsoft sales beat expectations as cloud growth slows
Microsoft Corp beat analysts' estimates for fourth-quarter revenue and profit on Thursday, even as sales growth began to slow for its cloud product Azure and Office software.

Reuters Technology
Jul 18, 2019

Trump says looking closely at Amazon's bid on $10 billion Pentagon contract
U.S. President Donald Trump said on Thursday his administration was looking closely at Amazon.com's bid on a $10 billion cloud contract with the Defense Department after getting complaints from other tech companies.

Reuters Technology
Jul 18, 2019

Trump says he's looking closely at Amazon contract with Pentagon
U.S. President Donald Trump said on Thursday his administration was looking closely at Amazon's contract with the U.S. Defense Department after getting complaints from other tech companies.

Reuters Technology
Jul 18, 2019

Transport app FlixMobility gets Germany's biggest tech funding round to drive growth
Transport app FlixMobility has raised around 500 million euros ($561 million) in Germany's biggest tech funding round to date to back investments in its expansion, sources familiar with the matter said on Thursday.

Reuters Technology
Jul 18, 2019

Libra launch won't happen until regulators are happy: Coeure
Global regulators will not let Facebook launch its Libra currency until all their concerns, ranging from money laundering to financial stability, have been addressed and "a prolonged discussion" may be needed first, the man in charge of their response told Reuters.

Reuters Technology
Jul 18, 2019

G7 urges tough Libra regulation, agrees to tax digital giants
Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday.

Reuters Technology
Jul 18, 2019

Russia fines Google for failing to filter search results
Russia's communications watchdog fined Google 700,000 roubles ($11,100) on Thursday for failing to fulfil legal requirements to remove entries from its search results that Moscow believes contain illegal information.

Reuters Technology
Jul 18, 2019

Indonesia aims to start electric vehicle production in 2022
Indonesia is aiming to start producing electric vehicles (EVs) in 2022, a senior official at the Industry Ministry told Reuters on Thursday, after a number of companies disclosed plans to invest in the country.

Reuters Technology
Jul 18, 2019

EU clears Vodafone's $22 billion Liberty deal
Brussels gave its blessing to Vodafone's $22 billion purchase of Liberty Global's cable networks in Germany and central Europe, clearing the way for the British company to become Europe's largest mobile, broadband and TV provider.

Reuters Technology
Jul 18, 2019

TSMC expects 5G to drive earnings, flags South Korea-Japan spat as risk
Taiwan's TSMC forecast that robust demand for 5G chips will drive a stronger second-half even as it anticipates a dispute between Japan and South Korea involving chip-making materials to be a big source of uncertainty.

Reuters Technology
Jul 18, 2019

G7 urges strict Libra regime, eyes minimum tax
Digital currencies like Facebook's Libra must be held "to the highest regulatory standards" to ensure they are not used to launder money and that users are protected, a Group of Seven taskforce urged on Thursday.

Reuters Technology
Jul 18, 2019

Stablecoins like Libra must be held to highest standards: G7
Stablecoins like Facebook's Libra can foster financial inclusion but they must be held "to the highest regulatory standards" to ensure that they aren't used to launder money and that users are protected, a Group of Seven taskforce on the issue concluded.

Reuters Technology
Jul 18, 2019

G7 finance chiefs agree to tackle digital tax challenges: summary
G7 finance ministers agreed to address the tax challenges raised by the digital economy and push ahead with plans for a minimum corporate tax level, a draft of the chair's summary seen by Reuters said on Thursday.

Reuters Technology
Jul 18, 2019

EBay beats second-quarter revenue estimates
(This July 17 story corrects paragraph 2 to say second-quarter revenue was up, not down)

Reuters Technology
Jul 18, 2019

Vodafone wins EU approval for Liberty Global deal
Vodafone secured on Thursday antitrust approval from the European Union for its $22 billion bid to buy Liberty Global's cable networks in Germany and central Europe after offering concessions in May.

Reuters Technology
Jul 18, 2019

Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources
Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

Reuters Technology
Jul 18, 2019

Japan-South Korea gloom spurs worries of 'never seen before' chip price spike
Memory chip spot prices have risen for the first time this year, indicating grim warnings of "never seen before" spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on.

Reuters Technology
Jul 18, 2019

China's Didi plans to relaunch Hitch service with new safety features
Chinese ride-hailing giant Didi Chuxing said on Thursday it was proposing to relaunch its Hitch carpooling service with added safety features, almost a year after suspending the service following the murder of a female passenger by her Didi driver.

Reuters Technology
Jul 18, 2019

SAP says big margin gains to wait until 2020, shares down 10%
SAP told investors not to expect a major improvement in margins before next year as the German business software group reported a 21% decline in second-quarter operating profit on Thursday, sending its shares sharply lower.

Reuters Technology
Jul 18, 2019

Truckmaker Volvo lifts market view, picks Samsung for batteries
Sweden's AB Volvo raised its market forecasts for North America and Europe on Thursday, as higher trucks and construction equipment deliveries helped it to top profit estimates.

Reuters Technology
Jul 18, 2019

TSMC expects 5G earnings boost, flags South Korea-Japan spat as risk
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) on Thursday said it expects a stronger half-year on 5G telecoms demand, and that a dispute over chip-making materials between Japan and South Korea is its most uncertain factor.

Reuters Technology
Jul 18, 2019

Exclusive: Ping An-backed Lufax to ditch P2P lending amid regulatory woes - sources
Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

Reuters Technology
Jul 18, 2019

SAP says big margin gains to wait until 2020, shares down
SAP told investors not to expect a major improvement in margins before next year as the German business software group reported a 21% decline in second-quarter operating profit on Thursday, weighed down by one-off costs.

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