Paypal withdraws from Facebook's Libra Association

U.S. payments processor PayPal Holdings announced Friday it was withdrawing from the Libra Association, a Facebook-led effort to build a global digital currency.

Exclusive: Hackers apparently linked to Iran tried to intrude in Trump 2020 campaign: sources

A hacking group that appears to be linked to the Iranian government attempted to break into U.S. President Donald Trump's re-election campaign but were unsuccessful, sources familiar with the operation told Reuters on Friday.

Tesla automated parking problems seen liability of app 'driver' for now

Tesla Inc owners summoning their driverless cars in parking lots are likely liable for crashes, lawyers said after a series of internet videos showed problems with cars running new software.

Amazon Prime Video disappears from Apple's app stores

Amazon Inc's streaming service, Prime Video, disappeared from Apple Inc's app store on Friday.

Iranian hackers targeted U.S. presidential campaign, did not succeed: Microsoft

A hacking group that appears to be linked to the Iranian government attempted to intrude into a U.S. presidential contender's campaign but did not succeed, Microsoft Corp said on Friday.

U.S. NHTSA reviewing claims 2,000 Tesla vehicles should have been recalled

The U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday it is reviewing a defect petition that claims Tesla Inc failed to issue a recall when it issued a software upgrade in 2,000 Model S and Model X vehicles in May.

Iranian hackers targeted a U.S. presidential campaign, Microsoft says

A hacking group that appears to be linked to the Iranian government has carried out a campaign against a U.S. presidential campaign, Microsoft Corp said on Friday.

EU to urge G20 response on Facebook's Libra, calls for tech tax reform

European Union finance ministers will tell their counterparts at a G20 meeting in mid-October that a global regulatory response is needed to "stablecoins" such as Facebook's Libra, an EU document said.

Exclusive: Antitrust probers in Congress ask Spotify to detail alleged Apple abuses - sources

U.S. lawmakers have requested information from Apple critic Spotify as part of an antitrust probe, according to two sources briefed on the investigation into allegations the iPhone maker engages in anti-competitive behavior to support its own apps.

Broadcom faces EU order to suspend some business practices: source

U.S. chipmaker Broadcom will be told by EU antitrust regulators this month to suspend certain business practices including exclusivity clauses with TV and modem makers, a person familiar with the matter said on Friday.

Disney bans ads from Netflix ahead of streaming launch: WSJ

Walt Disney Co is banning advertising from Netflix Inc across its TV networks, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Apple raises production of iPhone 11 models by about 10%: Nikkei

Apple Inc has asked suppliers to increase production of its iPhone 11 models by up to 8 million units, or about 10%, Nikkei Asian Review reported, hinting that demand for the recently launched versions of its flagship phone was picking up.

NHTSA reviewing claims 2,000 Tesla vehicles should have been recalled

The U.S. National Highway Traffic Safety Administration (NHTSA) said Friday it is reviewing a defect petition that claims Tesla Inc failed to issue a recall when it issued a software in 2,000 Model S and Model X vehicles in May.

EU to hit Broadcom with interim order this month: source

EU antitrust regulators will this month order U.S. chipmaker Broadcom to scrap its exclusivity clauses with TV and modem makers while they investigate whether this and other tactics hamper rivals, a person familiar with the matter said on Friday.

FBI director warns Facebook could become platform of 'child pornographers'

FBI Director Christopher Wray said Friday that Facebook’s proposed move to encrypt its popular messaging program would turn the platform into a “dream come true for predators and child pornographers.”

Samsung heir Lee won't seek board term extension: report

Samsung Group heir Jay Y. Lee will not seek an extension to his term as director of the board of Samsung Electronics, the Korea Economic Daily newspaper reported on Friday.

U.S., allies urge Facebook for backdoor to encryption as they fight child abuse

The United States, the United Kingdom and Australia have called on Facebook Inc to not go ahead with end-to-end encryption across its messaging services unless law enforcement officials have backdoor access, saying encryption hindered the fight against child abuse and terrorism.

U.S., U.K. urge Facebook not to encrypt messages as they fight child abuse, terrorism

(This Octoebr 3 story has been refilled to correct headline and grafs 1-4 to show agreement involves only the U.S. and the U.K., not Australia. Australia signed a separate open letter to Facebook)

Apple raises iPhone 11 production by about 10%: Nikkei

Apple Inc has asked suppliers to increase production of its iPhone 11 models by up to 8 million units, or about 10%, Nikkei Asian Review reported https://s.nikkei.com/2nlgcSk on Friday, citing better than expected demand.

Facebook says removed multiple accounts from Indonesia, UAE, Nigeria, and Egypt

Facebook Inc has announced it removed hundreds of pages, groups and accounts on its platforms for "coordinated inauthentic behavior" linked to three operations in Indonesia, the United Arab Emirates, Egypt, and Nigeria.

Apple raises iPhone 11 production: Nikkei

Apple Inc has asked suppliers to increase production of its iPhone 11 range by up to 8 million units, or about 10%, Nikkei Asian Review reported https://s.nikkei.com/2nlgcSk on Friday.

SoftBank's plans for second mega-fund hit by WeWork debacle

SoftBank Group founder and CEO Masayoshi Son is struggling to raise money for a second massive technology investment fund in the wake of the failed public offering of office-rental company WeWork and sliding valuations of other major investments, according to two people familiar with the situation.

Indonesia's Bukalapak gets investment from South Korea's Shinhan, says valuation $2.5 billion

Indonesian e-commerce firm Bukalapak on Friday said South Korea's Shinhan Financial Group Co Ltd joined its latest fundraising round that valued the startup at over $2.5 billion.

SoftBank's plans for second mega-fund hit by WeWork debacle

SoftBank Group founder and CEO Masayoshi Son is struggling to raise money for a second massive technology investment fund in the wake of the failed public offering of office-rental company WeWork and sliding valuations of other major investments, according to two people familiar with the situation.

Facebook says removed multiple accounts from UAE, Nigeria, Egypt and Indonesia

Facebook Inc has removed several pages, groups and accounts on its platforms from the United Arab Emirates, Egypt, Nigeria and Indonesia, citing "coordinated inauthentic behavior".

Facebook's Zuckerberg defends encryption, despite child safety concerns

Facebook Inc Chief Executive Officer Mark Zuckerberg defended on Thursday his decision to encrypt the company's messaging services, despite concerns about its impact on child exploitation and other criminal activity.

Facebook says it removed 211 accounts in UAE, Nigeria and Egypt

Facebook Inc on Thursday said it removed several pages, groups and accounts on its platforms that were engaged in "coordinated inauthentic behavior", originating from the United Arab Emirates, Egypt and Nigeria.

Malaysia's Maxis partners Huawei for 5G roll-out next year

Malaysia's Maxis Bhd said it has signed an agreement with China's Huawei Technologies Co Ltd to launch a fifth-generation (5G) telecommunications network in the Southeast Asian nation when the technology becomes available.

U.S. House panel wants Facebook's Zuckerberg to testify on Libra by January

Facebook Inc Chief Operating Officer Sheryl Sandberg has tentatively agreed to testify before a U.S. House committee on Oct. 29 about the company's plan for a digital currency, but the panel will not schedule the hearing until Chief Executive Mark Zuckerberg commits to appear by January, a congressi...

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Avaya dials up RingCentral for cloud technology after suitor search

After months of evaluating sale and merger options, telecommunications gear provider Avaya Holdings Corp on Thursday announced a strategic partnership and $500 million contribution from RingCentral Inc.