Police raid cybersecurity firm over Bulgaria's biggest data breach

Police investigating Bulgaria's biggest-ever data breach have detained a manager of a cybersecurity company, raided its offices and seized computers, they said on Wednesday.

Uber Freight launches in Germany, taking on local competition

U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe's $500 billion trucking market.

Exclusive: Bearing brunt of trade war, Singapore chipmakers cut jobs

Caught between a Sino-U.S. trade war, political concerns over Chinese telecoms firm Huawei and slowing consumer demand, chipmakers in Singapore have started slowing production and laying off hundreds of jobs, firms told Reuters.

IQE starts production for second major customer at Newport plant

Cardiff-based IQE Plc said on Wednesday it had started initial production for a second major customer at its recently constructed Newport factory, with more contracts in the pipeline as it seeks to reassure investors about the impact of global trade restrictions on its business.

China's ByteDance ventures into AI-generated music with Jukedeck deal

China's ByteDance is venturing into artificial-intelligence (AI) generated music, hiring the staff of a London-based start-up after buying some of its intellectual property assets, according to LinkedIn posts and a person with knowledge of the matter.

Israel's Wix.com second-quarter profit up, raises 2019 revenue outlook

Wix.com, which helps small businesses build and operate websites, reported higher profit in the second quarter and raised its revenue forecast for 2019.

South Korea asks Japan not to drop it from smooth-trade list

South Korea protested on Wednesday against a Japanese plan to remove it from a Japanese list of countries that face minimum trade restrictions, saying it would undermine their decades-old economic and security cooperation and threaten free trade.

Uber Freight launches in Germany, faces local competition

U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe's $500 billion trucking market.

South Korea asks Japan to cancel plan to remove the country from white list

South Korea said on Wednesday a Japanese plan to remove South Korea from a Japanese list of countries that face minimum trade restrictions would undermine their decades-old economic and security cooperation and threaten free trade.

Texas Instruments quarterly beat soothes demand jitters, shares up 6%

Texas Instruments Inc provided some relief that a global slowdown in microchip demand would not be as long as feared, posting quarterly profit and revenue that beat Wall Street estimates on Tuesday.

UPS adding Sunday delivery next year, joining rival FedEx

United Parcel Service Inc next year will join rival FedEx Corp in adding Sunday delivery services, efforts viewed as bids to fend off customer-turned-competitor Amazon.com Inc .

Snap's Android fix, gender-changing lens boost users, shares up 9%

Snap Inc's Snapchat on Tuesday beat analysts' estimates for user growth and revenue, getting a boost from a better version of its Android app and the launch of new augmented reality photo lenses.

Big Tech faces broad U.S. Justice Department antitrust probe

The U.S. Justice Department said on Tuesday it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech.

Swiss data watchdog awaits details on Facebook crypto plan

Facebook Inc's Libra cryptocurrency project has not responded to an information request by Switzerland's data privacy watchdog, the authority said on Tuesday, noting it wants more details to help define its oversight role over the U.S. social media company's proposed digital currency.

U.S. Justice Department launches antitrust review of big tech firms

The U.S. Justice Department said on Tuesday it was opening an investigation of major digital tech firms on whether they engage in anticompetitive practices.

U.S. Justice Department opens antitrust review of tech companies

The U.S. Justice Department said on Tuesday it was opening an antitrust investigation of major digital tech firms and whether they engage in anticompetitive practices.

U.S. justice department to open new antitrust review of big tech companies: WSJ

The U.S. Justice Department is opening a broad antitrust review into whether dominant technology firms are unlawfully stifling competition, the Wall Street Journal reported on Tuesday, citing department officials.

UPS launches drone business, seeks to certify multiple pilots

United Parcel Service Inc , the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business.

Warren Buffett's charity lunch postponed after cryptocurrency promoter falls ill

The cryptocurrency entrepreneur Justin Sun postponed his $4.57 million charity lunch with Warren Buffett after falling ill with kidney stones, according to a statement from a foundation he backs.

Facebook to create privacy panel, pay $5 billion to U.S. to settle allegations

The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said.

Facebook to settle FTC privacy allegations, adopt new policies: sources

The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of allegations it mishandled user privacy and pay roughly $5 billion, two people briefed on the matter said.

TIM to announce towers deal, 5G partnership with Vodafone on July 26: source

Italy's biggest phone group Telecom Italia is set to announce on Friday a deal with rival Vodafone to merge their tower infrastructure and jointly deploy fifth generation mobile technology in Italy, a source close to the matter said.

Swiss privacy office wants details on Facebook's Libra crypto project

Switzerland's privacy watchdog said on Tuesday it has yet to receive a reply to a July 17 letter seeking details about Facebook's Swiss-based Libra cryptocurrency project, adding it needs the information to determine its oversight role.

Facebook-style app launches in Vietnam amid tightening internet rules

A Facebook-style social network was launched in Vietnam on Tuesday, following calls by the Communist-ruled government for domestic tech companies to create alternatives to U.S. tech giants Facebook and Google.

Alibaba welcomes U.S. small businesses to sell globally on its platform

Chinese e-commerce giant Alibaba Group Holdings Ltd will now allow small businesses in the United States to sell on Alibaba.com, the company said on Tuesday, an effort to tap into the business-to-business e-commerce market and fend off fierce competition from rivals like Amazon.com Inc .

Huawei first-half revenue up about 30% despite U.S. ban: Bloomberg

Huawei Technologies Co Ltd's revenue grew roughly 30% in the first half after select teams secured critical supplies to keep production going despite U.S. technology export restrictions, Bloomberg reported on Tuesday, citing people familiar with the matter.

Norsk Hydro shares jump as Brazil operations ramp up

Aluminum producer Norsk Hydro has managed to ramp up operations at its Alunorte refinery in Brazil despite a cyber attack in March, the firm said on Tuesday, boosting its shares.

Japan's Marubeni backs blockchain crowd-sourcing platform for solar, wind farms

Japan's Marubeni Corp has agreed to back a blockchain power purchasing platform, WePower, that is looking to establish itself in Australia to tap rapid growth in solar and wind power, the two firms said on Tuesday.

Daimler, Bosch get approval to test driverless valet parking

Daimler and auto supplier Bosch will start valet parking using autonomous driving technology in Stuttgart, Germany, after local authorities gave the carmaker permission to start testing the technology.

Trading platform IG confident of turning corner after profit slump

IG Group expects to return to revenue growth in the second half of this year after the online trading platform reported a 31% slump in annual earnings due to Europe's clampdown on high-stakes financial betting by amateur traders.