International Business Machines Corp beat analysts' estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud computing business, sending its shares up as much as 4% in extended trading.

The worldwide non-military drone market, dominated by manufacturers in China, will triple in size to $14.3 billion in sales over the next decade, a study released on Wednesday said, even as U.S. officials warn of national security risks.

Netflix Inc added fewer quarterly subscribers than Wall Street expected and its U.S. customer base shrank as its programming failed to draw new viewers, jarring investors ahead of looming competition.

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EBay Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as a multi-year effort to make its platforms easier to use attracted more customers, sending its shares up 5%.

Netflix Inc added fewer paid subscribers than expected in the second quarter as the video streaming pioneer raised prices in some of its major markets, including the United States, sending its shares down nearly 10% in extended trading.

Qualcomm , the world's no.1 chipmaker, could be hit with a second EU antitrust fine as soon as Thursday for blocking a rival from the market more than a decade ago, people familiar with the matter said.

Italy has bowed to pressure from Chinese telecoms equipment makers Huawei Technologies and ZTE and will drop emergency legislation strengthening state powers to intervene in the development of 5G services, lawmakers said on Wednesday.

Bitcoin hasn't been the only casualty of the backlash by the world's major economic powers against Facebook's plans for a cryptocurrency, with smaller digital coins also feeling the burn.

The European Commission has opened a formal antitrust investigation to assess whether Amazon's use of sensitive data from independent retailers who sell on its marketplace is in breach of EU competition rules.

G7 ministers meeting in France on Wednesday agreed on the need to confront the emergence of digital currencies following Facebook's plans to launch its Libra digital coin, a French G7 presidency source said on Wednesday.

The Italian government has dropped plans to pass an emergency decree strengthening its powers on deals regarding the rolling out of fifth-generation (5G) telecom services, lawmakers said on Wednesday.

U.S. lawmakers quizzed Facebook on Wednesday over its planned cryptocurrency, after a bruising first bout a day earlier when senators from both parties condemned the project, saying the company had not shown it could be trusted.

Facebook Inc faces more questioning by U.S. lawmakers on Wednesday over its planned cryptocurrency, after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.

Facebook Inc's planned cryptocurrency Libra could help boost financial inclusion, but also raises concerns about consumer protection, data privacy, and potential "backdoor dollarization," the IMF's chief economist said on Wednesday.

Group of Seven finance chiefs cast a cloud over prospects for Facebook's Libra digital coin on Wednesday, insisting tough regulatory problems would have to be worked out first.

Poland has proposed tightening its cyber security standards and could ban certain products or suppliers from key parts of a future 5G network, the country's digital ministry said in a document published on Wednesday.

Chinese telecoms equipment group Huawei Technologies criticised the Italian government's newly beefed-up powers to intervene in the development of fifth-generation (5G) telecom services, saying they discriminated against the company.

Facebook cannot go ahead with its plans to launch its digital coin Libra until all regulatory issues are dealt with, German Finance Minister Olaf Scholz said on Wednesday as he met with counterparts from G7 countries.

Amazon became the target of an antitrust investigation by the European Union on Wednesday over its use of merchants' data, underlining the increasing regulatory scrutiny about how tech companies exploit customers' information.