Alibaba to invest additional $2 billion in Lazada, replaces CEO

BEIJING (Reuters) - Alibaba Group Holding Ltd said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group as part of the Chinese firm's push into new markets.

Apple is developing own MicroLED screens: Bloomberg

(Reuters) - Apple Inc is developing its own MicroLED device displays and has made small numbers of the screens for testing, Bloomberg reported on Sunday.

Apple is designing and testing screens: Bloomberg

NEW YORK (Reuters) - Apple Inc. is for the first time creating its own device displays, according to a Bloomberg News report on

G20 watchdog focuses on rules review, holds fire on cryptocurrencies

LONDON (Reuters) - The global watchdog that drove through a welter of banking and market reforms after the financial crisis said it will pivot more toward reviewing existing rules and away from designing new ones.

Republican lawmakers concerned by Facebook data leak

WASHINGTON (Reuters) - Several U.S. Republican lawmakers expressed concern over privacy violations on Sunday after media reports that a political consultancy that worked on President Donald Trump's campaign gained inappropriate access to 50 million Facebook users' data.

Desilu plans U.S. listing to complete Vonetize acquisition

JERUSALEM (Reuters) - Desilu Studios plans to go public in the United States as a second stage of a proposed acquisition of Israeli technology start-up Vonetize.

Bundesbank's Buch adds to calls for cryptocurrency regulation

BERLIN (Reuters) - Regulation of cryptocurrencies must be considered, Bundesbank vice president Claudia Buch told Reuters, even though she does not believe they pose a threat to financial stability.

China's Didi looks to raise $1.6 billion via asset-backed securities

SHANGHAI (Reuters) - A unit of Chinese ride-hailing firm Didi Chuxing has submitted an application to raise 10 billion yuan ($1.6 billion) through an issuance of asset-backed securities. FILE PHOTO: A staff member walks at Didi Chuxing's booth at the Global Mobile Internet Conference (GMIC) 2017 in ...

Continue reading

Baidu video streaming unit iQiyi launches $2.4 billion U.S. IPO

(Reuters) - Chinese video streaming service provider iQiyi Inc, a unit of search engine giant Baidu Inc (BIDU.O), has launched an initial public offering in New York worth up to $2.4 billion, seeking to expand its range of content. A person holds a phone with Baidu Inc's video streaming service iQiy...

Continue reading

Facebook critics want regulation, investigation after data misuse

SAN FRANCISCO (Reuters) - Facebook Inc faced new calls for regulation from within U.S. Congress and was hit with questions about personal data safeguards on Saturday after reports a political consultant gained inappropriate access to 50 million users’ data starting in 2014. FILE PHOTO: A Faceb...

Continue reading

Trump consultants harvested data from 50 million Facebook users: reports

(Reuters) - Data analytics firm Cambridge Analytica harvested private information from more than 50 million Facebook users in developing techniques to support President Donald Trump’s 2016 election campaign, the New York Times and London’s Observer reported on Saturday. FILE PHOTO: A Fac...

Continue reading

Facebook suspends data analytics firm that worked for Trump campaign

(Reuters) - Facebook Inc on Friday said it was suspending political data analytics firm Cambridge Analytica, which worked for President Donald Trump’s 2016 election campaign, after finding data privacy policies had been violated. FILE PHOTO: A Facebook logo is seen at the Facebook Gather confe...

Continue reading

Facebook suspends SCL, Cambridge Analytica for violating policies

(Reuters) - Facebook Inc said on Friday it was suspending consulting firm Strategic Communication Laboratories (SCL) and its political data analytics firm Cambridge Analytica after it found they had violated its policies. FILE PHOTO: A Facebook logo is seen at the Facebook Gather conference in Bruss...

Continue reading

Former Qualcomm chairman Jacobs to exit board of directors

(Reuters) - Qualcomm Inc (QCOM.O) on Friday said former executive chairman Paul Jacobs would not be renominated for the U.S. semiconductor company’s board after Jacobs disclosed his intention to pursue a long-shot acquisition of the firm. FILE PHOTO: Paul Jacobs, Executive Chairman of Qualcomm...

Continue reading

Coca-Cola, U.S. State Dept to use blockchain to combat forced labor

NEW YORK (Reuters) - Coca-Cola Co (KO.N) and the U.S. State Department along with two other companies said on Friday they are launching a project using blockchain’s digital ledger technology to create a secure registry for workers that will help fight the use of forced labor worldwide. FI...

Continue reading

Rocket Internet explores IPO of online shopping group Jumia: sources

FRANKFURT (Reuters) - German start-up investor Rocket Internet is exploring a stock market listing of loss-making African online shopping platform Jumia, people close to the matter said. FILE PHOTO - Rocket Internet CEO Oliver Samwer attends an interview with Reuters in Berlin, Germany, January 10, ...

Continue reading

Over 100 countries agree to seek digital tax consensus by 2020: OECD

PARIS (Reuters) - Some 110 countries have agreed to work towards forming an international consensus by 2020 on how to tax digital businesses across borders, the Organisation for Economic Cooperation and Development said on Friday. FILE PHOTO: The Google logo is seen at the Young Entrepreneurs fair i...

Continue reading

U.S. court halts activities of four people in cryptocurrency schemes

WASHINGTON (Reuters) - A federal court has halted the activities and frozen the assets of four people who allegedly promoted schemes falsely promising large returns for small payments of bitcoin and other cryptocurrencies, the Federal Trade Commission said on Friday. The FTC, which requested a tempo...

Continue reading

Qualcomm discussing Jacobs leaving board of directors: sources

(Reuters) - Qualcomm Inc’s (QCOM.O) board of directors was meeting on Friday to discuss former chairman Paul Jacobs leaving its board after he informed the U.S. semiconductor company he was exploring ways to acquire it, people familiar with the matter said on Friday. FILE PHOTO: Paul Jacobs, E...

Continue reading

Istanbul taxi drivers go to court to seek shutdown of Uber

ISTANBUL (Reuters) - Istanbul’s taxi drivers have taken Uber to court, accusing the U.S.-based ride-hailing app of endangering their livelihoods in a case that could crimp its business in Europe’s largest city. FILE PHOTO: The Uber logo is seen on mobile telephone in London, Britain, Sep...

Continue reading