Global exchanges urge Britain not to ban crypto-linked derivatives

Global exchanges urged Britain's markets watchdog on Monday not to ban retail sales of derivatives linked to crypto assets such as bitcoin, saying they were well equipped to protect consumers trading on their platforms.

SoftBank CEO says 'embarrassed and flustered' by track record: Nikkei Business

SoftBank Group founder and CEO Masayoshi Son is "embarrassed and flustered" by his track record, he told Nikkei Business magazine, as the Japanese company comes under pressure from some investors for its bets on loss-making businesses.

Bosch to make silicon carbide chips in electric vehicle range-anxiety play

German automotive supplier Robert Bosch [ROBG.UL] is launching production of silicon carbide automotive chips, in a move to address the range anxiety that deters many drivers from switching to electric vehicles.

Apple supplier Japan Display says aiming for a bailout deal this month

Japan Display Inc said it aims to clinch a deal this month for least 50 billion yen ($470 million) in vital funding, having had to scramble after an investment group suddenly pulled out of a bailout plan for the Apple Inc supplier.

Concern and hope as AMS and Osram slide following failed takeover

Shares in sensors specialist AMS and lighting group Osram fell on Monday on concerns AMS might revisit its $4.9 billion takeover bid which collapsed on Friday.

Deutsche Bank in strategy shift to address tech woes

Deutsche Bank is creating a new technology division in a strategy shift designed to reduce complexity and lower costs while transforming systems that have held back the bank for years.

Softbank leads financing round in Brazil bus: marketplace Buser

Japan's SoftBank Group Corp is leading a new financing round for Buser, a Brazilian intercity bus charter marketplace, for an undisclosed amount, according to a statement on Monday.

Volvo, Geely to merge combustion engine operations

Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential rivals with next-generation combustion and hybrid engines. It marks the latest example of consolidation in ...

Continue reading

SoftBank CEO Masayoshi Son says 'embarrassed and flustered' by track record: Nikkei Business

SoftBank Group CEO Masayoshi Son said is "embarrassed and flustered" by his track record, in comments to Nikkei Business magazine.

Apple supplier Japan Display says aims to seal $468 million bailout deal this month

Apple Inc supplier Japan Display Inc said it aims to clinch a deal for least 50 billion yen ($468 million) in vital funding by the end of the month, having had to scramble after a Chinese investor group suddenly pulled out of a bailout plan.

Venture firm 83North raises $300 million for new tech fund

London-based venture capital firm 83North said on Monday it had raised $300 million for a new fund targeting European and Israeli consumer and enterprise technology firms.

Apple supplier Japan Display aims to seal $468 million bailout deal by end-October - CEO

Apple Inc supplier Japan Display Inc aims to seal a revised bailout deal by the end of this month for at least 50 billion yen ($468 million) in vital funding, its new chief executive said on Monday.

Yes Bank in talks with Microsoft, other tech firms to sell up to 15% stake - Mint

Indian private sector lender Yes Bank is in talks with Microsoft Corp and two other technology companies as it looks to bring in a strategic shareholder as part of a strategy to rake in fresh capital, the Mint newspaper reported on Sunday.

As Softbank's Oyo booms, some Indian hotels cry foul and check out

India's Oyo Hotels and Homes shot out of nowhere to become one of the world's largest hotel chains with a simple promise of "hassle-free" online booking, transparent pricing and cheerful lodging.

Vodafone tests new network tech in UK in challenge to 'big three' suppliers

Vodafone is testing innovative open access radio technology in Britain - a first for Europe - in a move that could break the grip Huawei, Ericsson and Nokia hold on the telco equipment market.

UAE telecom du sees no evidence of ‘security holes’ in Huawei’s 5G technology: CTO

United Arab Emirates (UAE) telecoms company du saw no evidence of security concerns about Huawei’s 5G technology, the company’s chief technological officer Saleem Albalooshi told Reuters on Sunday.

Vattenfall wins electric vehicle charging stations order from Norway's Tine

Swedish power group Vattenfall has won an order from Norway's biggest dairy group Tine SA to run 200 charging stations for employees' and customers' electric vehicles.

PayPal becomes first member to exit Facebook's Libra Association

U.S. payments processor PayPal Holdings Inc said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group.

U.S. agency reviews whether 2,000 Teslas should have been recalled

U.S. regulators said on Friday they were reviewing whether Tesla Inc should have recalled 2,000 of its electric cars in May instead of issuing a software upgrade to fix a potential defect that could have resulted in battery fires.

Apple rolls out free repair for iPhone 6S devices that do not turn on

Apple Inc said on Friday some iPhone 6S and iPhone 6S Plus handsets may not power on due to a failed component, and the company is offering to repair the devices for free.