Facebook's Libra falls into 'big gap' in EU rules: regulator

Facebook's proposed Libra cryptocurrency falls into a "big gap" in European Union financial regulation at a time when the bloc's ability to tackle money laundering is already stretched, a top EU regulator said on Thursday.

Slack shares tank after dismal forecast

Shares of workplace messaging company Slack Technologies Inc were set for their worst day since the company made its stock market listing in June, after it flagged slower revenue growth amid intensifying competition.

Bosch seals car battery deal with China's CATL in hybrid drive

Germany auto supplier Robert Bosch is teaming up with Chinese battery cell producer Contemporary Amperex Technology Co (CATL) to develop high-performance battery cells.

Prudential to buy Assurance IQ for $2.35 billion to widen customer base

U.S. insurer Prudential Financial Inc has agreed to acquire online insurance startup Assurance IQ Inc for $2.35 billion, as it looks to tap into a wider base of consumers who purchase policies online.

Apple places $7 billion in return to bond market

Apple Inc said on Thursday it had sold $7 billion of bonds at yields ranging up to 103 basis points over the equivalent U.S. Treasury on maturities of up to 30 years, its first such debt issues since November 2017.

Prudential to buy online startup Assurance IQ for $2.35 billion: WSJ

Prudential Financial Inc has agreed to acquire online startup Assurance IQ Inc for $2.35 billion, the Wall Street Journal reported on Thursday, citing executives of the U.S. insurer.

China's Weibo takes down Instagram-like app after logo plagiarism spat

Chinese microblogging website Weibo Corp has taken down an Instagram-like app just three days after its launch and apologised following accusations of plagiarism about the app's logo, a stumble in efforts to find new sources of growth.

Sinochem unit discussing blockchain platform with Shell, Macquarie: sources

Sinochem Energy Technology Co Ltd, a subsidiary of state oil and chemicals firm Sinochem Group, is in talks with Royal Dutch Shell and Macquarie Group to build an energy blockchain platform, three Beijing-based industry sources said.

Orange stops broadcasting Altice's TV channels via its boxes

Orange, France's biggest telecoms operator, stopped broadcasting free of charge TV channels controlled by rival Altice Europe in France on Thursday morning as a dispute on fees intensified, a spokesman said.

Yahoo experiences outage across its services, several users impacted

Yahoo said it suffered an outage on Thursday across its services, including Yahoo Mail.

China's Weibo takes down Instagram-like app after logo plagiarism controversy

Chinese microblogging website Weibo Corp has taken down an Instagram-like app just three days after its launch and apologized following accusations of plagiarism about the app's logo, in a stumble for efforts to find new sources of growth.

Deutsche Telekom 5G network goes live in 5 German cities

Deutsche Telekom said on Thursday its 5G mobile network had gone live in five German cities, timing the launch for maximum impact on the opening day of the IFA consumer electronics fair in Berlin.

Tesla's use of individual driver data for insurance 'state-by-state proposition'

Tesla Inc's use of individual customer data, such as vehicle camera footage and GPS, to price its new insurance products will depend on drivers' authorization and individual U.S. state laws, a senior company executive said on Wednesday.

Samsung to launch Galaxy Fold in South Korea on September 6 priced $2,000

Samsung Electronics Co Ltd on Thursday said its first foldable smartphone, the Galaxy Fold, will be available in South Korea from Sept. 6 with fifth-generation (5G) mobile connectivity.

Facebook, tech firms meet with U.S. intelligence on 2020 election security

U.S. technology companies including Facebook Inc , Alphabet's Google , Microsoft Corp and Twitter Inc met with U.S. intelligence agencies on Wednesday to discuss security strategies ahead of the November 2020 election.

Facebook, tech companies meet with U.S intelligence on 2020 election strategy

A number of technology companies including Facebook Inc , Alphabet's Google , Microsoft Corp and Twitter Inc met with representatives of the U.S. government on Wednesday to discuss security strategies related to the 2020 U.S. election, Facebook said in a statement.

Palo Alto says on track to grow sales at double digit pace over next three years

Cybersecurity firm Palo Alto Networks said it expects to grow sales at a double-digit pace over the next three years and forecast robust free cash flow, sending its shares up 8% in volatile after-hours trading on Wednesday.

Slack forecasts bigger third-quarter loss, slowing revenue growth; shares tumble

Slack Technologies Inc forecast slowing revenue growth in the second half and a bigger-than-expected third-quarter loss in its first report as a public company on Wednesday, as it faces intense competition from Microsoft Corp and others.

Brazil court rules Uber drivers are freelancers, not employees

A Brazilian high court has ruled that Uber drivers are not employees of the mobile ride-hailing company, a decision that bolsters its business model in its second-largest market.

Automakers to install rear seat reminders to stop hot car deaths in U.S.

Major automakers said on Wednesday they have agreed to equip nearly all U.S. vehicles with systems to remind motorists of passengers in the back seat, by model year 2025, in an effort to avoid deaths of young children left behind in hot cars.