G7 finance ministers look to rein in tech giants at French meeting

G7 finance ministers will have the growing powers of big digital firms in their sights when they meet on Wednesday outside Paris despite divisions about how best to tax them.

Making sense of chaos? Algos scour social media for clues to crypto moves

After months of relative calm in cryptocurrency markets, bitcoin exploded back into life in April with its sharpest price jump in over a year - but few people could convincingly explain why.

Toyota, China's CATL in partnership for new energy vehicle batteries

Toyota Motor Corp said on Wednesday it had agreed to partner with China's Contemporary Amperex Technology Co Ltd (CATL) to supply and further develop batteries for new energy vehicles (NEVs).

Dialog Semiconductor raises second-quarter profit outlook

Anglo-German chip designer Dialog Semiconductor on Wednesday raised its second-quarter earnings outlook, citing strong revenue and gains from a transfer of assets to iPhone maker Apple.

Bulgaria detains suspect in cyber attack on its tax agency

Bulgarian police have detained a suspect in a hacking attack on the Balkan country's National Revenue Agency that led to the leak of personal and financial data of millions of people, an interior ministry spokeswoman said on Wednesday.

Ericsson second-quarter operating profit matches expectations

Mobile telecom equipment maker Ericsson reported on Wednesday a rise in line with expectations in second-quarter operating earnings helped by strong sales growth in North America.

France says G7 focused on containing risks of Facebook's Libra

Group of Seven finance ministers meeting in France this week will make it one of their priorities to contain the risks posed by new currencies such as Facebook's Libra, the meeting's host, Finance Minister Bruno Le Maire, said.

How lithium-rich Chile botched a plan to attract battery makers

In March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles.

Amazon in deal with German watchdog to overhaul marketplace terms

Amazon has reached a deal with Germany's anti-trust authority to overhaul its terms of service for third-party merchants, who had complained of unfair treatment when selling through the world's biggest online retailer.

Visa invests in Indonesian ride-hailing firm Go-Jek

Visa Inc said on Wednesday it has invested in Indonesia's Go-Jek as part of the ride-hailing company's ongoing Series F fundraising round.

Tencent-backed live-streaming firm DouYu prices U.S. IPO at low end of range

DouYu International Holdings Ltd , China's largest live-streaming platform, on Tuesday said it sold $775 million in stock at a $3.73 billion valuation after pricing its U.S. initial public offering (IPO) at the bottom of an indicative range.

Tencent-backed live-streaming firm DouYu prices U.S. IPO at low end of range: sources

DouYu International Holdings Ltd , China's largest live-streaming platform, on Tuesday sold $775 million in stock at a $3.73 billion valuation after pricing its U.S. initial public offering (IPO) at the bottom of an indicative range, people with direct knowledge of the matter said.

Australian watchdog says Uber Eats will amend 'unfair' contract terms

Australia's competition watchdog said Uber Technologies Inc's food delivery service Uber Eats will amend its contract terms to accept more accountability for delivery issues, easing the burden on restaurants.

Trump calls for inquiry into Google's work with China

U.S. President Donald Trump said on Tuesday his administration would investigate whether Alphabet Inc's Google supports the Chinese government, following accusations that a company official refuted hours later at a Senate hearing.

U.S. lawmakers take jabs at Amazon, Big Tech in antitrust hearing

Lawmakers on the House Judiciary Committee's antitrust panel on Tuesday pressed an executive from Amazon.com Inc on allegations that it competed against its own sellers and pushed them to buy advertising and fulfillment services.

Uber launches in Hamburg, now live in six German cities

Uber said on Wednesday it was launching ride-hailing services in Germany's second city, Hamburg, as it seeks to achieve scale in a country where it has met resistance from local taxi firms, city governments and the courts.

U.S. Justice Department asks appeals court to pause antitrust ruling against Qualcomm

The U.S. Justice Department asked a federal appeals court to pause the enforcement of a sweeping antitrust ruling against mobile chip supplier Qualcomm Inc on Tuesday, citing support from the Energy Department and Defense Department.

U.S. SEC chief says he has not met with Facebook since Libra announcement

A top U.S. financial market regulator said on Tuesday he has not discussed with Facebook its Libra currency proposal, nearly a month after the social media giant announced the project.

Facebook should not be trusted with 'crazy' cryptocurrency plan: senators

Democratic and Republican lawmakers said on Tuesday that Facebook Inc's track record of what they described as untrustworthiness should stand in the way of it launching a digital currency, labeling the plan "delusional" and "crazy" at a Senate hearing.

Bitcoin tumbles as U.S. senators grill Facebook on crypto plans

The cryptocurrency market took a beating on Tuesday with bitcoin losing over 10% in value after U.S. lawmakers grilled Facebook on its cryptocurrency plans, as political and regulatory scrutiny of digital coins intensifies.

Starting with Netflix, FANG reports to test Wall St. rally's mettle

A wave of quarterly reports from Netflix and other top-tier, high-growth companies starting on Wednesday will test Wall Street's willingness to extend a recent really driven by expectations of lower interest rates.

Lotus showcases first pure electric sports car

British sports car maker Lotus revealed its pure electric "hypercar" on Tuesday, the first completely new vehicle to be launched under the stewardship of Chinese firm Geely which acquired a majority stake in 2017.

Amazon U.S. rivals get sales boost on Prime Day: Adobe

Several large U.S. retailers recorded higher sales on the first day of Amazon.com Inc's Prime Day shopping event as online shoppers also flocked to their websites, Adobe Analytics said on Tuesday.

Senators criticize FTC's reported Facebook settlement

Three U.S. senators who have been frequent critics of U.S. tech giants wrote a letter to the Federal Trade Commission on Tuesday to criticize its reported settlement with Facebook Inc.

Bitcoin falls below $10,000 after Facebook grilled on crypto plans

Bitcoin fell 8% on Tuesday, breaching $10,000 for the first time in two weeks after U.S. lawmakers grilled Facebook on its cryptocurrency plans, as political and regulatory scrutiny of digital coins intensifies.

In systemic breach, hackers steal millions of Bulgarians' financial data

Bulgaria's finance minister apologized to the country on Tuesday after admitting hackers had stolen millions of taxpayers' financial data in an attack that one researcher said may have compromised nearly every adult's personal records.

Tech executives head to Capitol Hill for antitrust hearing

Executives from tech giants Apple Inc, Amazon.com Inc, Facebook Inc and Alphabet's Google go before the House Judiciary Committee's antitrust panel Tuesday to discuss competition in online markets.

Bills targeting China's Huawei introduced in U.S. Congress

Members of the U.S. Senate and House of Representatives introduced bills on Tuesday to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump's easing of restrictions on the Chinese firm.

Senators grill Facebook on its plans for Libra cryptocurrency

Facebook Inc is "delusional" to believe people will trust it with their money, a U.S. senator said on Tuesday as lawmakers from both sides of the aisle questioned the social media company on its plans for a digital currency at a hearing on Tuesday.

Brazil fintech Nubank takes aim at small business owners

Brazilian financial startup Nu Pagamentos SA is planning to launch digital accounts for small business owners, expanding its product portfolio beyond individuals, it said in a statement on Tuesday.