Shared office space company WeWork prefers the option of a near $5 billion financing package led by JPMorgan Chase & Co to selling a controlling stake to Japan's SoftBank Group Corp , Bloomberg reported https://bloom.bg/2pl8JmL late on Monday.
Japan's SoftBank will invest in Mexican used car platform Kavak, the group's chief operating officer Marcelo Claure said on Monday, adding to SoftBank's growing portfolio in Latin America.
Backers of Facebook Inc's Libra cryptocurrency project pledged to forge ahead after selecting a five-member board on Monday, shrugging off the latest member defection by online travel company Booking Holding earlier in the day.
Facebook Inc's Libra cryptocurrency faced a pivotal meeting of backers on Monday, after the ambitious project to bring digital coins into mainstream commerce suffered another defection, from online travel company Booking Holding.
Harley-Davidson Inc said on Monday it has stopped production and deliveries of its first electric motorcycle after discovering a glitch in the final quality checks.
Faraday Future founder and Chief Executive Officer Jia Yueting has filed for bankruptcy in the United States and plans to turn over his stake in the Chinese electric vehicle firm to repay his personal debts, the company said.
China's Huawei Technologies is ready to enter into a "no backdoor" agreement with India to allay security concerns, the telecom group's local head said on Monday, as the giant South Asian country prepares to launch next generation 5G networks.
Alphabet unit Google's fight against a 2.4-billion-euro ($2.64 billion) EU antitrust fine will be played out over three days in February 2020 at Europe's second-highest court, according to parties involved in the case.
A number of payment processors and fintech companies that joined Facebook Inc's digital currency project Libra with great fanfare earlier this year, have abandoned the project, dealing a blow to the social media giant's plans.
Alphabet Inc's Google on Monday launched a debit card payment function in Brazil through Google Pay, to boost use of its Android smartphones.
Italy is readying a new tax on digital companies in its 2020 budget, as it seeks alternative revenues that will allow it to scrap a scheduled increase in sales tax, two coalition sources told Reuters on Monday.
Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit.
Germany has finalised rules for the build-out of 5G mobile networks that, in a snub to the United States, will not exclude China's Huawei Technologies.
Russian internet firm Yandex on Monday released a short video app for fashion and style that it hopes will compete with China's TikTok app.
Germany has set rules governing 5G mobile networks that will not exclude any equipment vendors on an up-front basis, government spokesman Steffen Seibert said on Monday.
U.S. games publisher Blizzard Entertainment has reduced the punishment dealt out to a Hong Kong-based Hearthstone esports gamer for his public support of pro-democracy protests after its decision sparked controversy among players and the public.
U.S. games publisher Blizzard Entertainment has reduced the punishment dealt out to a Hong Kong-based Hearthstone esports gamer for his public support of pro-democracy protests after its decision sparked controversy among players and the public.
EU antitrust regulators on Monday voiced doubts whether Budapest's plan to grant 108 million euros ($119.2 million) to Samsung SDI's battery cell production facility in Hungary complies with the bloc's state aid rules.
Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the would-be digital coin project suffered a severe blow as major payment firms quit.
A new German security rulebook will not exclude Chinese telecoms equipment maker Huawei Technologies from supplying gear for the country's 5G mobile networks, a senior government source said on Monday.
Indonesia has completed the last leg of a 13,000-km (8,080 mile) fiber-optic network that will bring high-speed internet to some of its poorest regions in the country's east, including the restive region of Papua, the government said on Monday.
Volkswagen does not expect the shift in production toward electric cars aimed at averting billions of euros in European pollution fines to hurt its profit margins, Chief Executive Herbert Diess said in a newspaper report on Monday.
WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is burning through cash as increasingly hard-nosed investors scrutinize its prospects for going public.
New Zealand's Prime Minister Jacinda Ardern announced more funding and support on Monday to target violent extremist content online, just months after an alleged white supremacist livestreamed a massacre at two mosques in Christchurch.
Blizzard Entertainment has reduced the punishment that it dealt out to a Hong Kong-based Hearthstone esports player for his public support of pro-democracy protests in the city, after its decision sparked controversy among players and the public.
Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it's hiring more workers, considering an expansion, and picking and choosing orders.
SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, a person familiar with the matter said.
SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, the Wall Street Journal reported.
Brazilian lender Banco Inter SA and Uber Technologies Inc are in talks to forge a partnership in financial services, a source familiar with the matter said, in a move that shows how Japan's SoftBank Group Corp is working to integrate its business in Latin America.
U.S. Senator Elizabeth Warren's Democratic presidential campaign this week challenged Facebook's policy that exempts politicians' ads from fact-checking, by running ads on the social media platform containing the false claim that Facebook CEO Mark Zuckerberg endorsed President Donald Trump's re-elec...
