SoftBank raises $270 million via Seoul unit for early-stage investments

SoftBank Group Corp said on Friday its Seoul-based venture capital unit focusing on early-stage investments has raised a 317 billion won ($270 million) fund.

Oyo founder to buy back $2 billion worth stake in SoftBank-backed Indian co

Indian hospitality startup Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership closer to biggest investor SoftBank Corp .

ITV, BBC to offer BritBox at 6 pounds per month in UK

(Reuters - British broadcasters ITV and the BBC said on Friday they would launch streaming service BritBox in the UK at nearly 6 pounds ($7.51) per month, giving subscribers access to hit shows such as "Love Island", "Gentleman Jack" and "Coronation Street".

Toyota, China's BYD to jointly develop battery EVs

Toyota Motor Corp said on Friday it would jointly develop battery electric vehicles (EVs) and batteries with China's BYD Co Ltd, expanding its Chinese partnerships to build affordable EVs for the world's largest car market.

ITV, BBC agree to offer BritBox at 6 pounds/month in UK

(Reuters - British broadcaster ITV said on Friday it had finalised an agreement with public broadcaster BBC to launch streaming service BritBox in the UK at nearly 6 pounds ($7.51) per month for high-definition services.

Wirecard to handle card payments for ALDI supermarket chains

Wirecard, the German payments company, said on Friday it had signed an agreement with supermarket chains ALDI Nord and ALDI Sued to process card payments at all their stores in the country.

Netflix sinks on subscriber losses, analysts still see growth

Wall Street brokerages stuck to a positive outlook on Netflix Inc on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock second-quarter losses in U.S. subscribers that sank its stock price.

BMW, Tencent to open computing center in China for self-driving cars

German automaker BMW and Chinese online gaming giant Tencent Holdings are teaming up to launch a computing center in China that will help develop self-driving cars in the world’s biggest auto market, the companies said on Friday.

UK's new PM must take 5G decision on Huawei urgently: committee

The new prime minister must take a decision on whether to include China's Huawei in Britain's 5G telecoms network urgently as the ongoing debate is damaging international relations, a powerful committee of UK lawmakers said on Friday.

Microsoft shares hit record highs, powered by growing cloud sales

Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs.

Microsoft beats estimates, powered by growing cloud profits

Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows.

Microsoft sales beat expectations as cloud growth slows

Microsoft Corp beat analysts' estimates for fourth-quarter revenue and profit on Thursday, even as sales growth began to slow for its cloud product Azure and Office software.

Trump says looking closely at Amazon's bid on $10 billion Pentagon contract

U.S. President Donald Trump said on Thursday his administration was looking closely at Amazon.com's bid on a $10 billion cloud contract with the Defense Department after getting complaints from other tech companies.

Microsoft beats revenue estimates on cloud boost

Microsoft Corp on Thursday reported fourth-quarter revenue that beat analysts' estimates, powered by growth in its flagship cloud product Azure.

Trump says he's looking closely at Amazon contract with Pentagon

President Donald Trump said on Thursday his administration was looking closely at Amazon's contract with the U.S. Defense Department after getting complaints from other tech companies.

Transport app FlixMobility gets Germany's biggest tech funding round to drive growth

Transport app FlixMobility has raised around 500 million euros ($561 million) in Germany's biggest tech funding round to date to back investments in its expansion, sources familiar with the matter said on Thursday.

Libra launch won't happen until regulators are happy: Coeure

Global regulators will not let Facebook launch its Libra currency until all their concerns, ranging from money laundering to financial stability, have been addressed and "a prolonged discussion" may be needed first, the man in charge of their response told Reuters.

Russia fines Google for failing to filter search results

Russia's communications watchdog fined Google 700,000 roubles ($11,100) on Thursday for failing to fulfil legal requirements to remove entries from its search results that Moscow believes contain illegal information.

G7 urges tough Libra regulation, agrees to tax digital giants

Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday.

Indonesia aims to start electric vehicle production in 2022

Indonesia is aiming to start producing electric vehicles (EVs) in 2022, a senior official at the Industry Ministry told Reuters on Thursday, after a number of companies disclosed plans to invest in the country.

EU clears Vodafone's $22 billion Liberty deal

Brussels gave its blessing to Vodafone's $22 billion purchase of Liberty Global's cable networks in Germany and central Europe, clearing the way for the British company to become Europe's largest mobile, broadband and TV provider.

TSMC expects 5G to drive earnings, flags South Korea-Japan spat as risk

Taiwan's TSMC forecast that robust demand for 5G chips will drive a stronger second-half even as it anticipates a dispute between Japan and South Korea involving chip-making materials to be a big source of uncertainty.

G7 urges strict Libra regime, eyes minimum tax

Digital currencies like Facebook's Libra must be held "to the highest regulatory standards" to ensure they are not used to launder money and that users are protected, a Group of Seven taskforce urged on Thursday.

Stablecoins like Libra must be held to highest standards: G7

Stablecoins like Facebook's Libra can foster financial inclusion but they must be held "to the highest regulatory standards" to ensure that they aren't used to launder money and that users are protected, a Group of Seven taskforce on the issue concluded.

G7 finance chiefs agree to tackle digital tax challenges: summary

G7 finance ministers agreed to address the tax challenges raised by the digital economy and push ahead with plans for a minimum corporate tax level, a draft of the chair's summary seen by Reuters said on Thursday.

EBay beats second-quarter revenue estimates

(This July 17 story corrects paragraph 2 to say second-quarter revenue was up, not down)

Japan-South Korea gloom spurs worries of 'never seen before' chip price spike

Memory chip spot prices have risen for the first time this year, indicating grim warnings of "never seen before" spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on.

Vodafone wins EU approval for Liberty Global deal

Vodafone secured on Thursday antitrust approval from the European Union for its $22 billion bid to buy Liberty Global's cable networks in Germany and central Europe after offering concessions in May.

Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources

Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

China's Didi plans to relaunch Hitch service with new safety features

Chinese ride-hailing giant Didi Chuxing said on Thursday it was proposing to relaunch its Hitch carpooling service with added safety features, almost a year after suspending the service following the murder of a female passenger by her Didi driver.