Facebook broke rules, should be regulated: UK lawmakers

Facebook intentionally breached data privacy and competition law and should, along with other big tech companies, be subject to a new regulator to protect democracy and citizens' rights, British lawmakers said on Monday.

Germany's Bafin bans Wirecard 'short' positions over volatility

Germany's financial watchdog has banned "short" selling of Wirecard shares after reports in the Financial Times sparked recent volatility in the payments firm's stock.

Britain's 5G network security review ongoing: PM May's spokesman

Britain's review of its 5G network resilience is still ongoing, a spokesman for Prime Minister Theresa May said on Monday after the Financial Times reported that security chiefs had concluded they could manage any risks arising from Huawei's involvement.

Alibaba is the force behind hit Chinese Communist Party app: sources

A Chinese government propaganda app that recently became a huge hit was developed by Alibaba, two people at the company told Reuters, at a time when the nation's tech firms are under global scrutiny over their ties to Beijing.

German prosecutor probing FT journalist over Wirecard: report

German authorities have opened an investigation into a Financial Times journalist over reports about German payments firm Wirecard, Frankfurter Allgemeine Zeitung said.

Germany's Bafin bans Wirecard short positions after negative reports

Germany's financial watchdog has taken the unprecedented step of banning short selling in shares of payments firm Wirecard, a member of the blue-chip DAX index, after reports in the Financial Times sparked high volatility in the stock over recent weeks.

Facebook says it is 'open to meaningful regulation'

Facebook is "open to meaningful regulation", it said on Monday after British lawmakers said that big technology companies should be subject to a compulsory code of ethics to tackle the spread of fake news and abuse of users' data.

SoftBank invests in Mubadala's new $400 million European tech fund: source

Japan's SoftBank Group has provided nearly half of the cash for Abu Dhabi's state investor Mubadala Investment Co's new $400 million fund investing in European start-ups, a source familiar with the matter said.

New Zealand will conduct own assessment of Huawei equipment risk: PM

New Zealand will independently assess the risk of using China's Huawei Technologies in 5G networks, Prime Minister Jacinda Ardern said on Monday after a report suggested that British precautions could be used by other nations.

Germany's Bafin bans Wirecard short positions, cites negative reports

Germany's financial watchdog Bafin on Monday issued a ban against establishing or increasing short positions in Wirecard AG stock, citing market uncertainties due to the German payments company's weak share performance.

SoftBank invests in Mubadala's new $400 million European tech fund: FT

Japan's SoftBank Group has provided nearly half the cash for the new $400 million fund by Abu Dhabi's state-owned Mubadala Investment Co that aims to back European start-ups, the Financial Times reported on Monday.

Facebook needs independent ethical oversight: UK lawmakers

Facebook and other big tech companies should be subject to a compulsory code of ethics to tackle the spread of fake news, the abuse of users' data and the bullying of smaller firms, British lawmakers said on Monday.

UK concludes it can mitigate risk from Huawei equipment use in 5G: FT

The British government has come to a conclusion that it can mitigate the risks arising from the use of Huawei Technologies Co Ltd in 5G networks, the Financial Times reported https://on.ft.com/2DLcuFG on Sunday, citing two sources familiar with the conclusion of Britain's National Cyber Security Cen...

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Germany to extend electric company car tax incentives: paper

German Finance Minister Olaf Scholz plans to extend tax incentives for electric company cars, he told a newspaper on Saturday, the government's latest attempt to boost demand for clean vehicles.

Amazon invites Ocasio-Cortez for tour, calls worker claims untrue

A senior Amazon.com Inc executive on Friday disputed claims raised by Representative Alexandria Ocasio-Cortez that Amazon workers face "dehumanizing conditions" as being untrue and invited her to take a tour of company facilities.

Amazon places big bet on aspiring Tesla rival Rivian

Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant's biggest bet on technologies with potential to reshape the automotive sector.

Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber

Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America's fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official.

Alphabet unit seeks share of property taxes for Toronto smart city

Alphabet Inc's Sidewalk Labs unit is proposing it get a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, according to the company's slide presentation made public on Friday.

Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO

Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date.

U.S. fines Cognizant, charges 2 former top execs in India bribery case

U.S. authorities on Friday announced criminal charges against two former top Cognizant Technology Solutions Corp executives for their roles in a bribery scheme in India, and said the company will pay $25 million to settle a related civil case.