British lawmakers to interview Cambridge academic Kogan over Facebook data

LONDON (Reuters) - A Cambridge University academic who harvested data on millions of Facebook users will appear before a British parliamentary committee investigating the scandal on April 24.

DeBeers rolls out app to clean up Sierra Leone diamond supply chain

JOHANNESBURG (Reuters) - Global diamond giant De Beers is rolling out an app to help small-scale, artisanal diamond miners in Sierra Leone certify that gems they pry from the soil are legal, the Anglo American unit said on Thursday.

ZTE woes may boost network rivals Ericsson and Nokia

STOCKHOLM/LONDON (Reuters) - Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a U.S. ban on exports to low-cost Chinese rival ZTE.

Lyft to offset emissions from rides with projects combating climate change

SAN FRANCISCO (Reuters) - Lyft Inc is launching a program on Thursday to offset emissions from the 1.4 million cars that drive for the U.S. ride-hailing service by investing in projects to reduce other sources of greenhouse gas, the company said.

U.S ban on sales to ZTE triggers patriotic rhetoric in China

HONG KONG (Reuters) - A U.S. ban on sales of American components to ZTE Corp has unleashed a patriotic backlash in China's cyberspace, highlighting the growing tension between the world's two largest economies.

Qualcomm concessions insufficient to clinch NXP deal: commerce ministry

BEIJING (Reuters) - U.S. chipmaker Qualcomm will have to do more to complete its proposed takeover of NXP Semiconductors , a commerce ministry spokesman said on Thursday.

Alibaba to invest $320 million in Thailand, as rivals boost presence

BANGKOK (Reuters) - Alibaba is investing $320 million in Thailand as the e-commerce giant aims to tap Chinese consumers' appetite for the Southeast nation's agricultural goods and for its tourism market amid growing competition from rivals.

Vivendi's chairman brushes off criticism over investment in Telecom Italia

PARIS (Reuters) - Vivendi's chairman and top investor Vincent Bollore brushed off criticism over the media group's investments in Telecom Italia (TIM) on Thursday.

Hedge fund Elliott steps up pressure on Vivendi over Telecom Italia

PARIS, LONDON (Reuters) - Activist investor Elliott Advisors lambasted Vivendi on Thursday after the French media group defended its strategy as the main shareholder of Telecom Italia (TIM).

China's ZTE removed chief compliance officer before U.S. sanction: source

HONG KONG (Reuters) - ZTE Corp's chief compliance and chief legal officer was removed from his posts more than a month before the Chinese telecom equipment maker was slapped with U.S. sanctions this week, a company source with direct knowledge of the situation told Reuters.

Hedge fund Elliott issues new attack on Vivendi over Telecom Italia

PARIS (Reuters) - Activist Elliott Advisors issued on Thursday a fresh attack on French media group Vivendi as the hedge fund's battle with Vivendi over Telecom Italia intensifies.

Uber picks VMware's Zane Rowe as CFO: Bloomberg

(Reuters) - Uber Technologies Inc [UBER.UL] has picked VMware Inc's Zane Rowe as the top candidate for chief financial officer to lead preparations for the ride-hailing company's initial public offering in 2019, Bloomberg reported on Wednesday.

Mexico's top court sides with America Movil, says Telmex can charge rivals

MEXICO CITY (Reuters) - America Movil's fixed-line unit Telmex said on Wednesday that the nation's supreme court has sided with it and ruled the firm should not be barred from charging rivals for calls to its network.

Flatpack fear no more? Robot assembles IKEA chair frame

SINGAPORE (Reuters) - Robots in Singapore have completed a task many humans dread - assembling flat-packed IKEA furniture.

Exclusive: Facebook to put 1.5 billion users out of reach of new EU privacy law

SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smal...

Continue reading

Qualcomm begins layoffs as part of cost cuts

(Reuters) - Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut annual costs by $1 billion, the chipmaker said on Wednesday.

Mexico regulator fines America Movil $5.4 million in antitrust case

MEXICO CITY (Reuters) - Mexico's telecom regulator IFT said on Wednesday that it has fined billionaire Carlos Slim's flagship company America Movil and its mobile service unit Telcel 96.8 million pesos ($5.4 million) in an antitrust case.

Exclusive: Facebook to change user terms, limiting effect of EU privacy law

SAN FRANCISCO (Reuters) - If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smal...

Continue reading

Time Warner CEO says AT&T merger needed to compete with internet titans

WASHINGTON (Reuters) - Time Warner Chief Executive Jeff Bewkes on Wednesday defended his company's planned merger with telecoms firm AT&T as necessary to compete effectively for advertising with internet giants like Google and Facebook.

Amazon says it has more than 100 million Prime members

(Reuters) - Amazon Inc said on Wednesday it now has more than 100 million Amazon Prime members globally.