Google faces years of EU oversight on top of record antitrust fine

BRUSSELS/FRANKFURT (Reuters) - Beyond a headline-grabbing 2.4 billion euro ($2.7 billion) fine EU antitrust regulators have leveled against Google, the internet giant is likely to be shackled for years by Tuesday's precedent-setting decision defining the company as a monopoly.

House panel spars over self-driving car rules

WASHINGTON (Reuters) - Republicans and Democrats in Congress sparred on Tuesday over U.S. states setting rules for testing and deployment of self-driving cars and a proposal to allow automakers and technology companies to bypass existing regulations in introducing autonomous...

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Facebook hits 2 billion user mark

(Reuters) - Facebook Inc Chief Executive Mark Zuckerberg said on Tuesday that the social network had 2 billion monthly users.

Ransomware virus hits computer servers across Europe

MOSCOW/KIEV (Reuters) - A major ransomware attack on Tuesday hit computers at Russia's biggest oil company, the country's banks, Ukraine's international airport as well as global shipping firm A.P. Moller-Maersk.

Court lifts Uber ban in second-biggest Czech city

PRAGUE (Reuters) - A Czech appeals court on Tuesday lifted a ban that had prevented ride-hailing service Uber operating in Brno, the country's second-largest city.

Uber wins right to contest English tests for London drivers

LONDON (Reuters) - Uber [UBER.UL] said it had won the right to appeal against a court decision in favor of plans by a London regulator to impose new English reading and writing standards in a move which could deprive it of thousands of drivers.

EU hits Google with record 2.42 billion euro antitrust fine

BRUSSELS (Reuters) - EU antitrust regulators hit Alphabet unit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, indicating they will likely take a tough line with the company in two other ongoing cases.

Ubisoft founding family raises stake to ward off Vivendi

PARIS (Reuters) - France's Guillemot family has raised its stake in videogames maker Ubisoft , according to a stock market filing released on Tuesday, as part of their ongoing battle to fend off Vivendi's rival interest in the company.

Western Digital says resubmitted bid with KKR for Toshiba's chip unit

TOKYO (Reuters) - Western Digital Corp said it and private equity firm KKR & Co LP had resubmitted a bid for Toshiba Corp's prized flash memory chip unit.

Volvo and Autoliv team up with Nvidia for self-driving cars

STOCKHOLM (Reuters) - Volvo Cars and Swedish car safety supplier Autoliv have signed a deal with U.S. firm Nvidia Corp , best known for its graphics technology in computer games, to develop software systems for self-driving cars.

France's JCDecaux, America Movil create joint venture in Mexico

(Reuters) - France's JCDecaux said on Tuesday it will create a joint venture with Mexican telecommunications group America Movil by merging their out of home (OOH) advertising businesses.

Exclusive: Ericsson scraps push for new clients beyond telecoms

LONDON/STOCKHOLM (Reuters) - Ericsson has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price.

With Alphabet, Google faces a daunting challenge: organizing itself

SAN FRANCISCO (Reuters) - Google’s self-professed mission is to organize the world’s information. But a company known for engineering excellence is still trying to solve the very human problem of how to organize itself.

Sprint in exclusive talks with Charter, Comcast on wireless deal

(Reuters) - Sprint Corp is in exclusive talks with Charter Communications Inc and Comcast Corp to explore a deal that could boost the cable companies' wireless service, The Wall Street Journal reported, citing people familiar with the matter.

Banks' blockchain consortium picks IBM for trade finance platform

PARIS (Reuters) - Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank , that is aimed at simplifying trade finance transactions for small- and medium-sized companies.

Google, Microsoft among companies urging court to back gay workers

(Reuters) - Dozens of companies, including Alphabet Inc's Google, Microsoft Corp, CBS Corp and Viacom Inc urged a federal appeals court on Monday to rule that a law banning sex discrimination in the workplace offers protections to gay employees.

Apple CEO touts India impact in push for deeper market access

(Reuters) - Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with its prime minister as the iPhone maker seeks deeper access to the world's third-largest smartphone market behind the United States and China.

Apple working with Hertz to test self-driving technology: Bloomberg

(Reuters) - Apple Inc is leasing a small fleet of cars from rental company Hertz Global Holdings Inc to test self-driving technology, Bloomberg reported on Monday.

Apple, Cisco want cyber security insurance discount for joint customers

(Reuters) - Apple Inc is working with Cisco Systems to help businesses that primarily use gear from both companies to obtain a discount on cyber-security insurance premiums, Apple Chief Executive Tim Cook told Cisco CEO Chuck Robbins onstage at a Cisco event in Las Vegas.

Exclusive: Aston Martin electric car goes limited edition after LeEco exit

PARIS/DETROIT (Reuters) - British sports car maker Aston Martin has scaled back production plans for its first electric model after cash-strapped investment partner LeEco pulled out of the project, Chief Executive Andy Palmer told Reuters on Monday.

Social media giants step up joint fight against extremist content

BRUSSELS (Reuters) - Social media giants Facebook, Google's YouTube, Twitter and Microsoft said on Monday they were forming a global working group to combine their efforts to remove terrorist content from their platforms.

Google set to face record EU antitrust fine as soon as Tuesday: sources

European Competition Commissioner Margrethe Vestager addresses a news conference in Brussels, Belgium, April 20, 2016. REUTERS/Francois Lenoir

Seoul Semi says new 'Sun-like' LEDs could generate $400 million in sales by 2021

FRANKFURT (Reuters) - Leading LED maker Seoul Semiconductor announced a new technology which it says minimizes the blue-light spike emitted by regular LEDs that is commonly blamed for sleep disturbances and other health problems.

Alphabet partners with Avis to manage self-driving car fleet

(Reuters) - Waymo, the self-driving car unit of Alphabet Inc, signed an agreement with Avis Budget Group Inc under which the U.S. car rental firm will manage its fleet of autonomous vehicles, the companies said on Monday.

Russia, upping pressure on Telegram app, says terrorists use it

MOSCOW (Reuters) - Russia's FSB security service said on Monday that the Telegram messaging app had been used by terrorists to plot atrocities on Russian soil, increasing pressure on the service days after the authorities accused it of violating Russian legislation.

Western Digital won't consent to SK Hynix participation in Toshiba chip unit sale

TOKYO (Reuters) - Western Digital Corp has told Toshiba Corp that it will not agree to a sale of the Japanese conglomerate's prized memory chip unit to a preferred bidding consortium that includes rival chipmaker SK Hynix Inc .

EU court seen ruling on Intel antitrust case next year: judge

PARIS (Reuters) - Europe's top court is likely to rule on Intel's appeal against a record 1.06 billion euro ($1.19 billion) EU antitrust fine next year, an EU judge said on Monday, a case that may affect companies such as Google and Qualcomm in the EU's crosshairs.

Facebook in talks to produce original TV-quality shows: WSJ

(Reuters) - Facebook Inc is in talks with Hollywood studios about producing scripted, TV-quality shows, with an aim of launching original programming by late summer, the Wall Street Journal reported on Sunday.

Short of IT workers at home, Israeli startups recruit elsewhere

TEL AVIV (Reuters) - When Alexey Chalimov founded software design firm Eastern Peak in Israel four years ago he knew he would not find the developers he needed at home.

China agrees to stop cyberattacks on Canadian private sector: Globe and Mail

(Reuters) - China has signed an agreement to stop conducting state-sponsored cyberattacks against the Canadian private sector, the Globe and Mail reported on Sunday, citing an official communiqué.