Facebook's cryptocurrency-based payments system gets big backers: WSJ

Facebook Inc has enlisted more than a dozen companies including Visa Inc, Mastercard Inc, PayPal Holdings Inc and Uber Technologies Inc to back its new cryptocurrency, the Wall Street Journal reported on Thursday.

Huawei says in process of preparing Hongmeng software roll-out

An executive of Huawei Technologies Co Ltd said on Thursday that the Chinese telecoms giant is in the process of potentially launching its "Hongmeng" operating system (OS) to replace the U.S. Android OS.

Hedge fund Third Point calls on Sony to spin off semiconductor unit

Daniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business, sell off stakes in Sony Financial and other units, and position itself as a leading global entertainment company.

Trump talks trade with Apple CEO Cook as China dispute looms

U.S. President Donald Trump met with Apple CEO Tim Cook on Thursday to discuss trade and other hot-button issues facing the tech company as Trump deliberates whether to make good on his threat to hike tariffs on imports from China.

Biden criticizes Amazon for not paying federal taxes in 2018

Democratic presidential hopeful Joe Biden on Thursday took umbrage with e-commerce giant Amazon.com Inc's $0 federal tax bill in 2018 and said no company making billions in profits should pay a lower tax rate than firefighters and teachers.

Broadcom sees chip demand slowing down, shares fall 8%

Broadcom Inc on Thursday warned of a broad slowdown in chip demand, blaming a trade conflict between the United States and China and export restrictions on Huawei Technologies Co Ltd and the chipmaker cut its revenue forecast for the year by 8%.

U.S. denies Tesla, GM, Uber 25% Chinese tariff relief

The Trump administration is expanding efforts to block the use of Chinese technology in advanced vehicles, denying additional requests by Tesla Inc for tariff relief on key components of its electric vehicles, and rejecting ride-hailing company Uber's petition to waive tariffs on electric scooters a...

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Hedge fund Third Point calls on Sony to spin off businesses

Daniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its entertainment and semiconductors businesses into separate companies, the second time in six years it has targeted the Japanese electronics maker.

Broadcom sees broad-based demand slowing down, shares fall 7%

Broadcom Inc on Thursday cut its full-year revenue forecast, blaming a broad-based slowdown in demand due to continued geopolitical uncertainties and impact of export restrictions on Huawei Technologies Co Ltd.

Unhappy at Twitter, thousands of Saudis crash pro-Trump social network

A surge of about 200,000 users believed to be from Saudi Arabia who are frustrated at what they say is censorship by Twitter have helped crash the small social media network Parler, which styles itself as a "free speech-driven" space.

Brazilian telecoms regulator Anatel approves plan to widen broadband access

Brazilian telecoms regulator Anatel approved on Thursday a plan to coordinate investments among public and private players aimed at increasing access to broadband in Latin America's largest economy.

Broadcom cuts full-year revenue forecast on slowdown in demand

Broadcom Inc on Thursday cut its full-year revenue forecast, blaming a broad-based slowdown in demand due to continued geopolitical uncertainties and impact of export restrictions on one of its largest customers.

Uber, Bird loses bid for U.S. tariff relief on Chinese-made bikes, scooters

The U.S. Trade Representative's Office rejected Uber Technologies Inc's request for relief from 25% tariffs imposed on Chinese-made electric bicycles, according to a May 29 letter.

Target expands same-day shipping as delivery war heats up

Target Corp on Thursday expanded its same-day delivery options for online shoppers, intensifying the race among retailers to deliver orders faster.

U.S. judge sets pre-trial hearing next week for Sprint/T-Mobile deal

The judge hearing a complaint from state attorneys general seeking to stop T-Mobile US Inc from buying Sprint Corp for $26 billion will hold a pre-trial hearing next week.

Canada rejects idea of halting extradition of top Huawei executive to United States

Canadian Foreign Minister Chrystia Freeland on Thursday dismissed a suggestion that Ottawa block the extradition of a top executive from China's Huawei Technologies Co Ltd to the United States, saying it would set a dangerous precedent.

VW and Ford close to deal on self-driving and electric cars: VW

Volkswagen and Ford are close to reaching a deal on a partnership for developing self-driving and electric cars, the German carmaker's chief executive said on Thursday.

Bakkt says bitcoin futures testing to begin in July

Bakkt, the startup cryptocurrency platform affiliate of New York Stock Exchange-owner Intercontinental Exchange Inc, said on Thursday it would begin letting users test two physically-settled bitcoin futures contracts on July 22.

UK tells telecom firms to be cautious over Huawei after U.S. warnings

British telecom companies should show "all due caution" before using China's Huawei equipment in their 5G networks because the government cannot ignore the warnings from the United States, its digital minister said.

UK digital bank Monzo takes first steps into U.S. market

Fast-growing British digital bank Monzo is launching in the United States through a limited rollout of its app-based checking account and connected debit card, it said on Thursday.