Japan's GPIF pension fund sues Toshiba auditor over investment losses

TOKYO (Reuters) - Japan's giant Government Investment Pension Fund (GPIF) has sued the local affiliate of global accounting firm Ernst & Young, claiming $31 million for losses on investments in Toshiba Corp stemming from the conglomerate's accounting scandal in 2015.

European telecoms firms pin hopes on 'Esports' video game gladiators

MADRID (Reuters) - Marcos Ochoa has just landed the dream job for many young Europeans: he is being paid to play video games.

EU regulators say Qualcomm has not offered concessions in NXP bid

BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm has not offered any concessions so far in its $38-billion bid for NXP Semiconductors , EU antitrust regulators said on Friday, increasing the risk of a lengthy investigation into the deal.

Spotify stock listing could be within a year: source

STOCKHOLM (Reuters) - Spotify said on Friday it has no immediate plans for a stock market listing, although a source familiar with the matter told Reuters the music streaming service could still be floated within a year.

Russian central bank piloting digital currency schemes: TASS

MOSCOW (Reuters) - The Russian central bank is piloting a number of digital currency schemes to understand which one is best suited to Russia, Olga Skorobogatova, the bank's deputy chairwoman, said on Friday, the TASS news agency reported.

China postal authority calls for end to data spat between Alibaba unit, SF Holdings

BEIJING (Reuters) - China's postal authority has asked SF Holding Co and Alibaba Holding Group Ltd's logistics unit, two of the nation's top logistics players, to end a spat that disrupted deliveries when the two firms abruptly cut ties on Thursday.

Fretting over savings, Mrs Watanabe turns to bitcoin

TOKYO/SEOUL (Reuters) - Long the preserve of geeky enthusiasts, bitcoin is going mainstream in Asia, attracting Mrs Watanabe - the metaphorical Japanese housewife investor - South Korean retirees and thousands of others trying to escape rock-bottom savings rates by investing in the cryptocurrency.

Chipmakers at Taiwan's biggest tech fair look beyond crowded smartphone market

TAIPEI (Reuters) - Chipmakers switched focus at Taiwan's top tech fair this week with bets on new areas such as driverless cars, virtual reality and artificial intelligence, shifting away from smartphones where intense competition has pushed down components prices.

Waymo working on self-driving trucks

(Reuters) - Alphabet Inc's self-driving car unit Waymo is working on developing self-driving trucks, the company said on Thursday.

Cypress Semiconductor forced to delay annual meeting by Delaware court

NEW YORK (Reuters) - A Delaware court ruled on Thursday that Cypress Semiconductor must delay its annual shareholder meeting, ruling in favor of ex-CEO T.J. Rodgers who has waged a board battle against the company he founded.

Arista wins round in Cisco patent fight over network technology

(Reuters) - Arista Networks Inc won a ruling on Thursday in its legal battle with Cisco Systems Inc over networking device technology, setting the stage for Arista to undo a U.S. agency's order blocking importation of some of its products.

Exclusive: Google faces hefty EU fine in shopping case by August - sources

BRUSSELS (Reuters) - EU antitrust regulators aim to slap a hefty fine on Alphabet unit Google over its shopping service before the summer break in August, two people familiar with the matter said, setting the stage for two other cases involving the U.S. company.

Baidu in self-driving car tech tie-ups with Bosch, Continental

A smartphone showing the Baidu Browser application is seen in this picture illustration, February 22, 2016. REUTERS/Damir Sagolj/Illustration/File Photo

BlackBerry shares jump after bullish investment report

A Blackberry sign is seen in front of their offices on the day of their annual general meeting for shareholders in Waterloo, Canada in this June 23, 2015 file photo. REUTERS/Mark Blinch/Files

Exclusive: EU aims to fine Google on shopping case before August - sources

BRUSSELS (Reuters) - EU antitrust regulators aim to slap a hefty fine on Alphabet unit Google over its shopping service before the summer break in August, two people familiar with the matter said.

Telecom Italia names Vivendi CEO de Puyfontaine as chairman-source

MILAN (Reuters) - Telecom Italia appointed Vivendi's chief executive Arnaud de Puyfontaine as its chairman on Thursday, a source close to the matter said, as the French media group further tightens its grip on the former national monopoly.

Microsoft's Skype draws inspiration from Snapchat in big redesign

SAN FRANCISCO (Reuters) - You can add Skype to the growing list of services copying features straight from Snapchat.

Tesla to exchange certain notes for about $395 million in shares

(Reuters) - Tesla Inc said it entered into agreements with the holders of some of its notes with principal amount of about $144.8 million to exchange 1.16 million of the company's shares.

Bollore lines up son Yannick to take over at Vivendi

PUTEAUX, France (Reuters) - Vincent Bollore said on Thursday he wanted his son Yannick to eventually take over as chief executive of Vivendi, the French media group where Bollore is chairman and leading shareholder.

Patriotic Russians may have staged cyber attacks on own initiative: Putin

ST PETERSBURG, Russia (Reuters) - President Vladimir Putin said on Thursday that patriotic Russian hackers may have staged cyber attacks against countries that had strained relations with Moscow on their own initiative, but said the Russian state had never been involved in such hacking.

Self-driving car tech firm Mobileye first-quarter profit, revenue jump

JERUSALEM (Reuters) - Mobileye , a maker of driverless vehicle technologies, reported a jump in quarterly profit that topped estimates, boosted by higher sales of its advanced driver assisted systems.

IAG's Walsh defends BA's response to outage, still looking into cause: BBC

LONDON (Reuters) - The chief executive of British Airways owner IAG said that an investigation into a power outage at a data center which left 75,000 people stranded over a holiday weekend would take time, and defended the response of BA's management to the fiasco.

Intelsat expects $14 billion OneWeb merger deal to fail

(Reuters) - Satellite operator Intelsat SA said it expected its $14 billion merger with peer OneWeb Ltd, which is backed by Japan's SoftBank Group Corp , to fall through as it failed to get enough of its creditors to back the deal.

China makes concessions to Germany on electric car quotas

BERLIN (Reuters) - Germany has persuaded China to make concessions on its proposed quotas to encourage the production of electric vehicles, Chinese Premier Li Keqiang and Chancellor Angela Merkel said after talks in Berlin on Thursday.

HSBC partners with AI startup to combat money laundering

NEW YORK(Reuters) - HSBC Holdings Plc has partnered with Silicon Valley-based artificial intelligence startup Ayasdi Inc to automate some of its compliance processes in a bid to become more efficient.

Turkey's Turkcell says $4.2 billion suit against South Africa's MTN to go to trial

ISTANBUL (Reuters) - Turkish mobile operator Turkcell said on Thursday its $4.2 billion lawsuit against South Africa's MTN over an Iran license would go ahead in a South African court, after years of delays.

Daimler, BAIC agree to make electric cars in China

BERLIN/FRANKFURT (Reuters) - Daimler and its Chinese joint venture partner BAIC Motor Corporation agreed to upgrade the Mercedes-Benz factory in Beijing to make electric cars, the German carmaker said on Thursday.

Western Digital considering new memory plant in western Japan: source

TOKYO (Reuters) - Western Digital is considering fresh investment to build another flash memory chip plant in western Japan in an effort to show its commitment to the country, a source familiar with the matter said.

Chinese bitcoin exchanges allow withdrawals after more than three-month freeze

SHANGHAI (Reuters) - Chinese bitcoin exchange BTCChina has started "testing" withdrawals of the cryptocurrency after a three-month freeze that followed increased regulatory scrutiny, the exchange said on Thursday.

Dutch group sets up hyperloop test center

AMSTERDAM (Reuters) - The Dutch team that won this year's edition of the competition held by entrepreneur Elon Musk's SpaceX to develop superfast hyperloop transport technology is setting up a full-scale testing center for the technology.