Bets against Twilio climb thanks to fresh supply of shares

SAN FRANCISCO (Reuters) - Bets against shares in Twilio Inc have climbed in recent days, thanks in part to a recent follow-on stock offer that increased the supply of shares available to traders.

Microsoft launches messaging system for businesses, takes on Slack

(Reuters) - Microsoft Corp launched a messaging system for businesses, Microsoft Teams, on Wednesday, putting it in direct competition with fast-growing startup Slack and Facebook Inc's Workplace product.

EU-U.S. personal data pact faces second legal challenge from privacy groups

BRUSSELS (Reuters) - A new EU-U.S. pact governing the transfer of personal data faces a second legal challenge, putting the details of the deal which underpins billions of dollars of transatlantic trade in digital services under further scrutiny.

UK fintech finds EU barriers emerging after Brexit vote

LONDON (Reuters) - Fallout from the vote to leave the European Union is already threatening the growth of financial technology firms in Britain, industry officials said on Wednesday.

Automakers are responsible for Takata air bag recalls: NHTSA

(Reuters) - The top U.S. vehicle safety regulator said on Wednesday that automakers have "ultimate responsibility" for the costs of replacing potentially deadly Takata Corp airbags, no matter what happens to the Japanese supplier.

Computer Virus Cripples UK Hospital System

Citing a computer virus outbreak, a hospital system in the United Kingdom has canceled all planned operations and diverted major trauma cases to neighboring facilities. The incident came as U.K. leaders detailed a national cyber security strategy that promises billions in cyberse...

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Computer Virus Cripples UK Hospital System

Citing a computer virus outbreak, a hospital system in the United Kingdom has canceled all planned operations and diverted major trauma cases to neighboring facilities. The incident came as U.K. leaders detailed a national cyber security strategy that promises billions in cyberse...

Continue reading

Telenor shifts Myanmar focus to data services as 'hyper growth' era ends

YANGON (Reuters) - Norwegian telecoms company Telenor will focus on improving data services in Myanmar, the head of the local business said on Wednesday, as an era of rapid subscriber growth following the opening up of the economy has ended.

German minister reassured over access to Chinese electric car market

BEIJING (Reuters) - China has promised that German carmakers will not be discriminated against in the electric-car market, Germany's economy minister said in Beijing on Wednesday.

Tesla obliged to pay $1.7 billion to Panasonic for gigafactory cells

(Reuters) - Tesla Motors Inc had an obligation to pay a total of about $1.7 billion to Japan's Panasonic Corp as of Sept. 30 for electric vehicle battery cells made at Tesla's gigafactory in Nevada, the carmaker said in a regulatory filing.

Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion

(Reuters) - Chipmaker Broadcom Ltd said on Wednesday it would buy network gear maker Brocade Communications Systems Inc for $5.5 billion in cash, to expand its fiber channel and storage businesses.

Alibaba revenue beats expectations with strong e-commerce, media growth

BEIJING (Reuters) - Chinese e-commerce firm Alibaba Group Holding Ltd on Thursday reported a 55 percent rise in second-quarter revenue, beating analyst estimates, on the back of core online sales and strong media and entertainment growth.

Swiss propose rules to encourage fintech sector

ZURICH (Reuters) - Switzerland proposed on Wednesday a light-touch regulatory regime for financial technology (fintech) companies that the government said could bolster business and competitiveness.

Alibaba-backed Lazada to buy Singapore online grocer RedMart

SINGAPORE (Reuters) - Lazada Group, a southeast Asian e-commerce company backed by Alibaba Group Holding Ltd, agreed to buy Singapore-based online grocer RedMart, the two companies said in a statement on Wednesday.

Square hikes 2016 forecast, third quarter revenue rises more than expected

(Reuters) - Square Inc , the mobile payments company co-founded and run by Twitter Inc Chief Executive Jack Dorsey, reported a higher-than-expected 32.2 percent jump in quarterly revenue as it processed more transactions.

Uber partners with GM's Maven car-sharing program

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] said on Tuesday it would partner with car-sharing service Maven, operated by General Motors, to allow Uber drivers to rent GM vehicles on a weekly basis.

Microsoft says Russia-linked hackers exploiting Windows flaw

(Reuters) - Microsoft Corp said on Tuesday that a hacking group previously linked to the Russian government is behind recent cyber attacks that exploit a newly discovered flaw in its Windows operating system.

Videogame publisher EA's holiday-quarter sales forecasts misses estimates

(Reuters) - Video-game publisher Electronic Arts Inc's revenue forecast for the key holiday-shopping quarter was slightly below analysts' estimates, amid expectations of heavy competition from other games releasing around the same time.

Discovery signs partnership with streaming service BAMTech

NEW YORK (Reuters) - Discovery Communications Inc and video-streaming firm BAMTech will form a joint venture to provide back-end technology for content owners, broadcasters and other platforms throughout Europe, the companies said on Tuesday.

Broadcom nears deal to buy Brocade: sources

SAN FRANCISCO - Chipmaker Broadcom Ltd is nearing a deal to acquire network gear maker Brocade Communications Systems Inc in a deal that could be announced later this week, people familiar with the matter said on Tuesday.