Spotify enters South African market

JOHANNESBURG (Reuters) - Global music streaming provider Spotify is set to launch its services in South Africa on Tuesday, marking its entry into Africa, where there is a rapid uptake of smartphones and improving telecommunications infrastructure. FILE PHOTO: Headphones are seen in front of a logo o...

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Broadcom's ambitious chief will shift target after Qualcomm halt: analysts

(Reuters) - Broadcom Ltd, led by dynamic Chief Executive Hock Tan, is unlikely to put the brakes on an acquisition spree after its $117 billion bid for Qualcomm Inc was blocked by U.S. President Donald Trump on national security grounds. Hock Tan, CEO of Broadcom, speaks on the floor of the New York...

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South Dakota urges Supreme Court to click 'buy' on internet sales tax

PIERRE, South Dakota (Reuters) - The woman walked into Cash Hogen’s hardware store last fall to ask a single question about a KitchenAid mixer on display: What did the manufacturer call that color scheme? “Tangerine,” replied Hogen. And with that, the woman walked out. It is a kind...

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Apple, Google see reputation of corporate brands tumble in survey

(Reuters) - Apple Inc and Alphabet Inc’s Google corporate brands dropped in an annual survey while Amazon.com Inc maintained the top spot for the third consecutive year, and electric carmaker Telsa Inc rocketed higher after sending a red Roadster into space. A woman looks at the screen of her ...

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Spain's Amazon workers call two-day strike over wages, rights

MADRID (Reuters) - Over one thousand Amazon (AMZN.O) workers in Spain plan to stage their first strike with a two-day walkout to protest what unions claim are efforts to reduce employees’ rights, union Comisiones Obreras (CCOO) said on Tuesday. FILE PHOTO - Products are moved on conveyer belts...

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Bitcoin start-ups in Asia take aim at remittances market

HONG KONG/SEOUL (Reuters) - Bitcoin, battered by warnings about volatility and bubble-like appreciation, may have found a way to play a niche role in a big market: overseas money transfers. A small toy figure is seen on representations of the Bitcoin virtual currency in this illustration picture, De...

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Indonesia eyes fintech regulation to avoid 'loan shark-like' practices

JAKARTA (Reuters) - Indonesia’s financial regulator said it was considering setting a cap on interest rates and the size of loans offered by fintech firms, in a move aimed at minimizing the risk of defaults. Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are se...

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Finland takes stake in Nokia to boost national ownership

HELSINKI (Reuters) - Finland’s government investment arm Solidium has acquired a 3.3 percent stake in Nokia at a cost of about 844 million euros ($1.04 billion) to strengthen Finnish influence over the telecom network gear maker. The Nokia logo is seen at the Mobile World Congress in Barcelona...

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Grab forms venture with Japan's Credit Saison for lending services

SINGAPORE (Reuters) - Southeast Asia’s Grab has formed a venture with Japanese credit card company Credit Saison Co Ltd to provide loans and lending services in the region, marking the ride-hailing firm’s biggest expansion into financial services. FILE PHOTO: People wait for the start of...

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Mobile Apps

Mobile devices, such as tablets, smartphones, and watches, have become one of the primary technologies we use in both our personal and professional lives. What makes mobile devices so versatile are the millions of apps we can choose from. These apps enable us to be more productive, instantly communi...

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Microsoft women filed 238 discrimination and harassment complaints: court documents

SAN FRANCISCO (Reuters) - Women at Microsoft Corp working in U.S.-based technical jobs filed 238 internal complaints about gender discrimination or sexual harassment between 2010 and 2016, according to court filings made public on Monday. FILE PHOTO: The Microsoft logo is shown on the Microsoft Thea...

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President Trump halts Broadcom takeover of Qualcomm

(Reuters) - U.S. President Donald Trump issued an order on Monday prohibiting semiconductor maker Broadcom Ltd’s (AVGO.O) proposed takeover of Qualcomm Inc(QCOM.O) on grounds of national security, bringing an end to what would have been the technology industry’s biggest deal ever. FILE P...

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Dropbox IPO price range puts valuation nearly a third below peak

(Reuters) - Dropbox Inc (DBX.O) on Monday offered a price range for shares in its initial public offering that would value it at up to $7.1 billion, nearly a third below the valuation it commanded in 2014, a clear sign of how overheated the private tech market became a few years back. Cloud storage ...

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Dropbox IPO priced at nearly one-third below its peak valuation

(Reuters) - Dropbox Inc (DBX.O) on Monday priced shares for its initial public offering that would value it at up to $7.1 billion, nearly a third below the valuation it commanded in 2014, a clear sign of how overheated the private tech market became a few years back. Cloud storage company Dropbox is...

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Has Spotify answered its royalty problem?

(Reuters) - In its much-anticipated filing to go public last month, Spotify revealed revenue growth was outpacing costs, suggesting the music streaming service was striking deals with the music industry that defeat the central tension in its business model. Headphones are seen in front of a logo of ...

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Apple Music hits 38 million paid subscribers

(Reuters) - Apple Inc’s streaming music service now has 38 million paid subscribers, up from 36 million in February, the company said on Monday. FILE PHOTO - An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTER...

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EU experts' fake news report draws false conclusions: consumer group

BRUSSELS (Reuters) - A consumer group on Monday said experts appointed by the European Commission to advise on tackling fake news had ignored the business model that gave the likes of Google (GOOGL.O) and Facebook (FB.O) a motive for disseminating it. FILE PHOTO - Monique Goyens, head of the BEUC, t...

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U.S. says Broadcom review confirms security concerns

(Reuters) - The U.S. Treasury Department has told Singapore-based Broadcom Ltd (AVGO.O) that it has confirmed national security concerns about the chipmaker’s unsolicited bid to buy rival Qualcomm Inc (QCOM.O) and accused it of violating an order to give sufficient notice of plans to move to t...

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Tesla's electric motor shift to spur demand for rare earth neodymium

LONDON (Reuters) - Tesla’s shift to a magnetic motor using neodymium in its Model 3 Long Range car adds to pressure on already strained supplies of a rare earth metal that had for years been shunned because of an export ban by top producer China. FILE PHOTO: A Tesla Model 3 is seen in a showro...

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Rookie crypto investors look past risks, flock to London show

LONDON (Reuters) - Dozens of stallholders, pitching anything from a happy retirement to commercial property to the future of electronics, set up shop in central London last weekend to pitch their wares. Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC ...

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