Lyft Inc, following its rival Uber's move, has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, the company said on Saturday.

Facebook Inc's ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project.

Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation to follow securities laws prohibiting money laundering and requiring disclosure of suspicious activity.

U.S. authorities said on Friday they have halted a $1.7 billion unregistered digital token offering by the messaging service Telegram Group Inc and its TON Issuer subsidiary.

Facebook Inc's efforts to establish a global digital currency called Libra suffered major setbacks on Friday, as EBay Inc , Stripe Inc, Mastercard and Visa Inc all said they were leaving a group of companies aiding the project.

EBay Inc and Stripe are leaving Libra Association, the entity managing the Facebook-led effort to build a global digital currency said on Friday, joining Paypal Holdings Inc which exited the group just a week ago.

Japan's SoftBank Group Corp is planning to invest $500 million in venture capital funds in Latin America, its managing partner in Brazil, Andre Maciel, said on Friday.

The Federal Trade Commission, which works with the Justice Department to enforce antitrust law, will lose the head of the Bureau of Competition next month, Chairman Joe Simons said in a statement on Friday.

U.S. Democratic presidential candidate Joe Biden's campaign sent letters over the last week to Facebook Inc, Twitter Inc and Alphabet Inc's Google, asking them to take down a social media ad from President Donald Trump which the Biden campaign said contained false claims.

Shares of SoftBank-backed Vir Biotechnology Inc plunged nearly 19.3% on their debut on Friday, adding to the gloom in the IPO market following WeWork's failed attempt to list on the stock market.

Brazilian financial technology start-up Nubank now has 15 million clients, the firm's chief executive said on Friday, a figure which underlines the rapid growth of the Sequoia Capital-backed venture in Latin America's largest economy.

Portugal's Secretary of State for Finance raised concerns about Facebook's digital currency Libra on Friday, stating that it should not circulate until the risks it could pose for the financial system are addressed.

Japan's Itochu Corp has invested nearly $100 million in Chinese electric vehicle maker Singulato Motors to lift its stake to about 7% and plans to boost the holding if the startup meets certain conditions, two people familiar with the matter said.

Japan's Itochu Corp has invested nearly $100 million in Chinese electric vehicle maker Singulato Motors to lift its stake to about 7% and plans to boost the holding if the startup meets certain conditions, two people familiar with the matter said.

China's foreign ministry said on Friday it hoped China can work with the United States for progress on trade consultations, when asked about trade talks between the two countries.

Bill McDermott stood down on Friday after a decade building up SAP as the world's leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein.

Christian Klein, SAP's new co-chief executive, told Germany's' n-tv television that the software and cloud computing giant will rely on a strategy of continuity following the departure of Bill McDermott.

Australian mine developer Clean TeQ Holdings Ltd said on Friday it terminated an agreement with Metallurgical Corporation of China to develop its Sunrise Battery Materials Complex, further delaying the project.

On a hot summer morning at Huawei's new European-themed campus outside of Shenzhen, a man resembling a younger version of company founder Ren Zhengfei was dressing down two subordinates.

President Donald Trump will meet with Chinese Vice Premier Liu He at 2:45 p.m. EDT/1845 GMT on Friday as the world's two biggest economies try to reach a trade agreement, the White House said.

Bill McDermott stood down on Friday after a decade building up SAP as the world's leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein.

U.S. President Donald Trump has joined Amazon Inc's Twitch, his verified account on the video game live-streaming platform showed in the run-up to the 2020 presidential election.

Texas officials managing a sprawling investigation of the advertising practices at Alphabet Inc's Google have begun receiving data from the search and advertising giant after two previous probes bogged down in extended document fights.

Vir Biotechnology priced its initial public offering (IPO) at $20 a share on Thursday, at the bottom end of expectations, a fresh blow for SoftBank Group Corp's Vision Fund, owner of 21% in the infectious disease researcher.

Bill McDermott stood down on Friday after a decade at the helm of SAP and will be replaced by Jennifer Morgan and Christian Klein, who will become co-CEOs with immediate effect, said the German business software company.

Britain's BT will launch 5G services in more than 20 towns and cities on Friday, offering its consumer and business customers its fastest connections across both fixed line and mobile.

SpaceX's Crew Dragon astronaut capsule will be ready for its first manned test flight into orbit in the first quarter of next year, provided that "everything goes according to plan" in upcoming tests, NASA chief Jim Bridenstine said on Thursday.

Top U.S. and Chinese negotiators wrapped up a first day of trade talks in more than two months on Thursday as business groups expressed optimism they might be able to ease a bitter 15-month trade war and delay a U.S. tariff hike scheduled for next week.

Top U.S. and Chinese negotiators wrapped up a first day of trade talks in more than two months on Thursday as business groups expressed optimism they might be able to ease a bitter 15-month trade war and delay a U.S. tariff hike scheduled for next week.

NASA boss Jim Bridenstine said on Thursday that the first manned mission into orbit by SpaceX's Crew Dragon would take place in the first quarter of next year, pending the satisfactory outcome of tests.