Tesla shares fall sharply for second straight day

NEW YORK (Reuters) - Tesla Inc shares fell more than 9 percent on Wednesday following a downgrade by Moody's Investors Service, a probe by the National Transportation Safety Board of a recent fatal crash and concerns about Model 3 production.

Facebook privacy debate is tip of the e-commerce iceberg, U.N. says

GENEVA (Reuters) - The scandal over data privacy that is causing a headache for Facebook Inc shows just one aspect of the huge task of preparing the world for e-commerce, the United Nations trade and development agency UNCTAD said on Wednesday.

Facing tech threat, Daimler, BMW to combine car-sharing businesses

FRANKFURT (Reuters) - Leading German luxury carmakers Daimler and BMW have joined forces to expand their businesses in new services such as car-sharing and electric vehicle charging to compete with Uber [UBER.UL] in the United States and Didi Chuxing in China.

Uber seen girding for battle with Ola in India ahead of IPO

NEW DELHI (Reuters) - Uber's decision to exit Southeast Asia, where it was bleeding money, should give the global ride-hailing giant more firepower to focus on India, where it's locked in a fierce battle with local rival, Ola, industry analysts say.

Exclusive: Mideast Uber rival Careem in talks to raise new funds-sources

DUBAI, (Reuters) - Middle East ride-hailing app Careem is in early talks to raise as much as $500 million in new funds from investors, sources told Reuters.

BlackBerry beats profit estimates, shares jump

(Reuters) - BlackBerry Ltd beat analysts' profit estimates for its fourth quarter, and said it expects strong billings at its high-margin software and services business for the full year, sending its U.S.-listed shares up 5 percent premarket.

Daimler, BMW to combine car-sharing businesses

FRANKFURT (Reuters) - German carmakers Daimler and BMW have joined forces to expand their businesses in new services such as car-sharing and electric vehicle charging, raising their full-year guidance to reflect the deal.

Facebook to change privacy controls in wake of data scandal

BRUSSELS (Reuters) - Facebook announced a series of changes on Wednesday to give users more control over their data, after a huge data scandal which has wiped more than $100 billion from its stock market value.

Daimler, BMW agree to combine ride-sharing businesses: source

FRANKFURT (Reuters) - German carmakers Daimler and BMW have agreed to combine their ride-sharing businesses Car2Go and DriveNow, a person familiar with the deal said.

Kazakhstan's central bank launches securities trading app

ALMATY (Reuters) - Kazakhstan's central bank has launched a blockchain-based mobile securities trading application which it hopes will allow locals to become more involved in the capital markets by simplifying access to it.

BlackBerry beats profit estimates as software business steadies

(Reuters) - Canada's BlackBerry Ltd beat adjusted profit estimates for the fourteenth straight quarter, helped by higher margins on software and services sales.

BlackBerry posts smaller loss

(Reuters) - Canada's BlackBerry Ltd reported a smaller quarterly loss on Wednesday, helped by higher margins from software and services sales.

Facebook to introduce new privacy controls in wake of data scandal

BRUSSELS (Reuters) - Facebook, embroiled in a huge data scandal which has wiped off over $100 billion in its market value, on Wednesday announced a series of privacy changes it was making to give users more control over their data.

Facebook to give users more control over personal information

(Reuters) - Facebook Inc is giving users more control over their privacy by making data management easier and redesigning the settings menu, the company said on Wednesday, in the wake of a scandal over a breach that exposed the personal information of millions and was allegedly used by a political c...

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Airbnb to start sharing Chinese host information with government

BEIJING (Reuters) - U.S. short-term rental service Airbnb Inc said it would start disclosing host information to Chinese government agencies starting on Friday, as the San Francisco-based company complies with regulations in China.

Tencent president sells $55 million worth of company shares

HONG KONG (Reuters) - The president of Tencent Holdings, Asia's most valuable listed company, has sold 1 million of his shares in the company at a premium of 5.4 percent to Wednesday's closing market price, according to a regulatory filing.

Peugeot CEO backs calls for European battery champion

PARIS (Reuters) - French carmaker PSA Group threw its support behind efforts to create a European manufacturer of electric car batteries, as Chief Executive Carlos Tavares warned lawmakers on Wednesday against letting Asian dominance go unchallenged.

Exclusive: Mideast Uber rival Careem in early talks to raise new funds - sources

DUBAI, (Reuters) - Middle East ride-hailing app Careem is in early talks to raise as much as $500 million in new funds from investors, sources told Reuters.

Internet firms should do 'much much' more to remove illegal content: UK interior minister

LONDON (Reuters) - Internet companies such as Facebook should do more to remove illegal and offensive content online, British interior minister Amber Rudd said on Wednesday.

China's Geely calls for caution in self-driving tech after fatal collision

BEIJING (Reuters) - The Chinese owner of Swedish car brand Volvo said on Wednesday that the autonomous driving industry should move forward prudently in the wake of a deadly accident in the United States this month that has rekindled a debate about safety.