Qualcomm begins layoffs as part of cost cuts: Bloomberg

(Reuters) - Chipmaker Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut costs by $1 billion, Bloomberg reported on Wednesday, citing people familiar with the matter.

Cryptocurrency funds down nearly 30 percent in March as slump persists: index

NEW YORK (Reuters) - Cryptocurrency funds were down 29.2 percent in March amid an ongoing slump caused by increased scrutiny from global regulators of the virtual assets, according to a new index launched by data provider BarclayHedge.

China's ZTE delays earnings amid confusion over U.S. ban

SAN FRANCISCO/NEW YORK (Reuters) - China's ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. order that bans American companies from selling it parts, which could undermine its ability to manufacture equipment.

'Hey Alexa, where's my delivery?' XPO Logistics unveils voice tracking

ATLANTA (Reuters) - XPO Logistics Inc, the largest provider of last-mile deliveries for heavy and bulky items in North America, unveiled on Wednesday voice-enabled delivery tracking through Amazon.com Inc's Echo or Alphabet Inc's Google Home speakers.

California agency probing Tesla on occupational safety

(Reuters) - A California agency said on Wednesday it has initiated an open inspection on Tesla Inc for occupational safety but did not disclose further details.

EU antitrust chief says investigation of Google's Android, AdSense is advancing

STRASBOURG (Reuters) - Investigations into how Google may be using its Android smartphone operating system and its AdSense advertising service to thwart rivals are advancing, Europe's antitrust chief said on Wednesday, amid concern about the lengthy proceedings.

California's occupational safety agency starts probe on Tesla

(Reuters) - A California agency for occupational safety said on Wednesday it has initiated an open inspection on Tesla Inc but did not disclose the details of the probe.

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

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

Netflix plans $1 billion European investment drive: Financial Times

(Reuters) - Netflix Inc will raise its investment in content across Europe and plans to spend about $1 billion on original productions this year, the Financial Times reported on Wednesday, citing people briefed on the plans.

Amazon launches new app feature targeting international shoppers

(Reuters) - Amazon.com Inc announced a new feature within its Amazon shopping app to cater to international customers shopping for U.S. goods, targeting Brazil, China, Germany and Spanish-speaking markets.

Zuckerberg under pressure to face EU lawmakers over data scandal

STRASBOURG (Reuters) - Facebook Inc's Chief Executive Mark Zuckerberg came under pressure from EU lawmakers on Wednesday to come to Europe and shed light on the data breach involving Cambridge Analytica that affected nearly three million Europeans.

Alleged 'robocall' mastermind denies wrongdoing before U.S. Senate

WASHINGTON (Reuters) - A Florida man alleged to have made almost 100 million robocalls to trick consumers with “exclusive” vacation deals from well-known travel and hospitality companies on Wednesday denied wrongdoing before a U.S. Senate Committee.

A Sobering Look at Fake Online Reviews

In 2016, KrebsOnSecurity exposed a network of phony Web sites and fake online reviews that funneled those seeking help for drug and alcohol addiction toward rehab centers that were secretly affiliated with the Church of Scientology. Not long after the story ran, that network of bogus reviews disappe...

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Tencent and JD.com invest in Leshi's smart-TV unit

HONG KONG (Reuters) - Technology giants Tencent, JD.com and TCL are among investors in Chinese TV maker New Leshi Zhixin, its controlling shareholder Leshi Internet Information and Technology said on Wednesday.

U.S. cryptocurrency project gets $133 million investment from big investors

NEW YORK (Reuters) - A start-up launched by three Princeton University graduates for a new cryptocurrency has raised $133 million from a slew of big investors in a private placement, Intangible Labs Chief Executive Officer and co-founder Nader Al-Naji said on Wednesday.

VW's Electrify America to install EV chargers at Walmart stores

DETROIT (Reuters) - Volkswagen AG unit Electrify America will install electric vehicle charging stations at more than 100 Walmart Inc store locations in 34 U.S. states by mid-2019 as part of Electrify's plans to bolster charging infrastructure across the country, the two companies said on Wednesday.

Iran bans state bodies from using Telegram app, Khamenei shuts account

LONDON (Reuters) - Iran banned government bodies on Wednesday from using the popular Telegram instant messaging app as Supreme Leader Ayatollah Ali Khamenei's office said his account would shut down to protect national security, Iranian media reported.

China's ZTE delays earnings release following U.S. export ban

(Reuters) - Chinese smartphone maker ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. government order that bans American companies from selling it parts.

Uber doubling down on India investments after exiting Southeast Asia

NEW DELHI (Reuters) - Ride-hailing giant Uber Technologies Inc [UBER.UL] is "doubling down" on its investments in India, one of its biggest markets, after its recent exit from Southeast Asia, its chief operating officer said on Wednesday.

Explainer: Ant Financial's $150 billion valuation, and the big recent bump-up

HONG KONG (Reuters) - Ant Financial's rapid climb to become the world's biggest super unicorn valued by some investors at around $150 billion showcases investor enthusiasm for the biggest Chinese tech companies and also how quickly valuations can shift. Just two months ago, bankers and investors wer...

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