(Reuters) - The main listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.24 million) as part of a restructuring exercise. Leshi Internet Information & Technology, a video...
LONDON (Reuters) - British food delivery company Deliveroo has raised $385 million in private funding, it said on Sunday, as it prepares for expansion to help it compete with publicly traded rivals such as Delivery Hero and Just Eat. The funding values the business at more than $2 billion and will a...
WASHINGTON (Reuters) - Internet giants, including Alphabet’s Google (GOOGL.O) and Facebook (FB.O), are moving to compromise on several major policy issues as they adjust to an abrupt shift in the political winds in Washington. Just last week, the U.S. Senate took a big step toward advancing le...
LONDON (Reuters) - British takeaway food delivery firm Deliveroo has raised $385 million in new funding, the firm said in a statement on Sunday which set out that the money would help establish operations in new areas of the country and overseas. The firm said the funding round brought its total val...
MUMBAI (Reuters) - An affiliate of Amazon.com Inc has agreed to buy a 1.79 billion-rupee ($27.6 million) stake in Indian retailer Shoppers Stop Ltd, the Indian company said in a filing. Amazon.com NV Investment Holdings LLC, a foreign portfolio investor, will subscribe to about 4.4 million shares, e...
TOKYO (Reuters) - On Japan’s newest exchange, fame can pay off. That may not be so great for investors though. Last month, Hikaru, a Japanese YouTube star so famous he can go by a single stage name, listed himself on Valu, a platform for people to raise money, often for personal projects or bu...
LONDON(Reuters) - U.S. taxi firm Uber is prepared to make concessions in order to reverse a decision by London authorities not to renew the company’s license in the city, a newspaper reported. The Sunday Times said the concessions were likely to involve passenger safety and benefits for Uber&r...
SAN FRANCISCO/LONDON (Reuters) - Half a million people have signed an online petition in under 24 hours backing Uber’s bid to stay on the roads of London, showing the company is turning to its tried-and-tested tactic of asking customers for help when it locks horns with regulators. London&rsqu...
SAN FRANCISCO/LONDON (Reuters) - Half a million people have signed an online petition in under 24 hours backing Uber’s bid to stay on roads of London, showing the company is turning to its tried-and-tested tactic of asking customers for help when it locks horns with regulators. London’s ...
ST. LOUIS (Reuters) - Protests in St. Louis over the acquittal of a white former policeman who killed a black man could impede the city’s bid to attract Amazon.com’s second headquarters, academics and business executives said. Marked by scuffles, teargas and property damage, the protests...
LONDON (Reuters) - A British government minister has criticized the London authorities for deciding to strip Uber of its taxi licence, a major setback to the U.S. technology firm that has become a big player in the city’s transport system. The British capital’s transport regulator deemed...
LONDON (Reuters) - London deemed Uber unfit to run a taxi service on Friday and stripped it of its license to operate from the end of next week in a major blow to the U.S. firm and 3.5 million users in one of the world’s wealthiest cities. Graphic: Uber stripped of London license - tmsnrt.rs/2...
WASHINGTON (Reuters) - A global investor group on Friday called for an independent investigation into a cyber breach at the U.S. Securities and Exchange Commission (SEC) and urged the regulator to delay new data-gathering rules until it could assure investors that its computer systems were secure. W...
SAN FRANCISCO/SYDNEY/TOKYO (Reuters) - Apple Inc’s (AAPL.O) launch of the iPhone 8 kicked off with less fanfare on Friday than new models in previous years in the United States, Asia, Australia and Britain, as fans held out for the premium iPhone X, due out in early November. In San Francisco&...
NEW YORK (Reuters) - Nielsen Holdings Plc (NLSN.N) filed a lawsuit on Friday to stop comScore Inc (SCOR.PK) from using its technology to launch a competing service for measuring television audiences. In a complaint filed with the U.S. District Court in Manhattan, Nielsen is seeking an injunction to ...
LONDON (Reuters) - London deemed Uber unfit to run a taxi service on Friday and stripped it of its license to operate from the end of next week in a major blow to the U.S. firm and 3.5 million users in one of the world’s wealthiest cities. The capital’s transport regulator said the Silic...
(Reuters) - T-Mobile US Inc (TMUS.O) is close to agreeing tentative terms on a deal to merge with Sprint Corp (S.N), people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers. The transaction would significantly conso...
LONDON (Reuters) - London stripped Uber on Friday of its license to operate from the end of next week in a huge blow to the taxi service and 3.5 million users in one of the world’s wealthiest cities. The capital’s transport authority said the Silicon Valley technology giant was not fit a...
LONDON (Reuters) - Germany’s Volkswagen (VOWG_p.DE) is moving to secure long-term supplies of cobalt, a vital component of rechargeable batteries, as the group accelerates its ambitious shift to electric cars. Cobalt industry sources told Reuters that VW, the world’s largest automaker, h...
TAIPEI/SINGAPORE (Reuters) - When HTC Corp (2497.TW) brought back founder Cher Wang two years ago to turn around the struggling Taiwanese mobile phone maker, investors hoped she could stem a sharp loss in market share to Apple (AAPL.O) and Samsung Electronics (005930.KS). But the gamble to rebuild t...
(Reuters) - T-Mobile US Inc (TMUS.O) is close to agreeing tentative terms on a deal to merge with peer Sprint Corp (S.N), people familiar with the matter said, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers. Japan’s SoftBank Group Corp (9984.T), wh...
(Reuters) - Wal-Mart Stores Inc said on Friday it was testing a service in the Silicon Valley to deliver groceries straight to customers’ refrigerators as it looks to gain an edge over Amazon.com. The retailer said it is partnering with August Home, a provider of smart locks and smart home acc...
LONDON (Reuters) - London stripped Uber [UBER.UL] on Friday of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world’s biggest cities. Regulator Transport for London (TfL) said Uber’s conduct posed ri...
KUALA LUMPUR (Reuters) - Malaysia on Friday said it passed laws regulating ride-hailing services after extensive stakeholder consultation and legal processes, after media reported U.S. authorities were investigating ride-hailing firm Uber Technologies Inc [UBER.UL] for possible breach of bribery law...
AMSTERDAM (Reuters) - Germany’s three biggest carmakers have accelerated R&D spending at HERE after their 2015 acquisition of the digital mapping company as they race to develop the navigation technology needed for self-driving cars. HERE, the biggest provider of digital maps for the autom...
LONDON (Reuters) - London’s transport regulator on Friday stripped Uber [UBER.UL] of its license to operate from the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app. “Uber’s approach and conduct demonstrate a lack of corporate responsibility in relati...
MOSCOW (Reuters) - Russia did not place adverts on Facebook Inc to try to influence the 2016 U.S. Presidential election, Kremlin spokesman Dmitry Peskov said on Friday. U.S. lawmakers have urged the Federal Election Commission to require transparency for social media advertising after Russian entiti...
SYDNEY/TOKYO (Reuters) - Apple Inc’s (AAPL.O) launch of iPhone 8 kicked off in a less lively mood in Asia, versus previous debuts, as fans held out for the premium iPhone X due out in early November. Hundreds of people usually gather at Apple’s Sydney city store with queues winding down ...
SYDNEY (Reuters) - Apple Inc’s (AAPL.O) iPhone 8 launch in Sydney, one of the first cities to access the product in Australia, saw a bleak turnout as fans held out for the soon-to-be-released premium iPhone X. Hundreds of people usually gather at Apple’s Sydney city store with queues win...
SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) on Thursday launched an overhaul of how it handles paid political advertisements, giving a concession to U.S. lawmakers who have threatened to regulate the world’s largest social network over secretive ads that run during election campaigns. The co...
