SoftBank-backed Grab targets $2 billion more in funding this year in big business push

Grab aims to raise another $2 billion this year as it ramps up expansion, its chief executive said, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia's largest round of private financing.

UK fines for harmful online content in line with GDPR: minister

Britain will impose penalties that force tech companies to "sit up and take notice" if they do not do everything reasonably practicable to stop harmful content on their platforms, the Culture, Media and Sport Secretary Jeremy Wright said.

Exclusive: Grab targets another $2 billion funding this year: CEO

Grab expects to raise another $2 billion from strategic investors this year, the CEO of Southeast Asia's biggest ride-hailing firm said, just weeks after it announced funding of over $4.5 billion in the region's largest private financing round.

Britain plans social media regulation to battle harmful content

Britain proposed new online safety laws on Monday that would slap penalties on social media companies and technology firms if they fail to protect their users from harmful content.

Hyundai Motor denies tie-up with Tencent on driverless car software

South Korean automaker Hyundai Motor Co on Sunday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless vehicles.

SAP cloud business head quits after 27 years in latest top departure

Software company SAP said the head of its cloud business group had quit, the latest in a string of top departures as Europe's most valuable technology company reshapes its operations.

SAP's head of cloud business latest top departure in restructuring

Software company SAP said the head of its cloud business group had decided to leave the company, the latest in a string of top departures as Europe's most valuable technology firm reshapes its operations.

Hyundai Motor, Tencent tie up to develop self-driving cars software: report

South Korean automaker Hyundai Motor Co and Chinese technology firm Tencent Holdings have signed a preliminary deal to develop software for driverless vehicles, South Korea's Maeil Business Newspaper reported on Saturday.

Judge orders SEC, Tesla's Musk to meet for at least an hour on new settlement

A federal judge in Manhattan on Friday ordered Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission to meet for at least an hour to try to settle the agency's concerns over the billionaire entrepreneur’s use of Twitter.

Apple Music's U.S. subscriber count overtakes Spotify: source

Apple Inc's streaming music service overtook rival Spotify Technology SA in terms of paid subscribers in the United States, a person familiar with the matter told Reuters on Tuesday.

Lyft's shares rise after Citron advises against shorting stock

Shares of ride-hailing company Lyft Inc rose as much as 4 percent on Friday, setting the stock for its best day since its market debut last week, after short-seller Citron Research advised investors to hold on to the stock.

Who was first to launch 5G? Depends who you ask

When it comes to who triumphed in the multi-billion dollar global race to launch the world's first 5G next generation wireless network, the winner is clear ... depending on who you ask.

Exclusive: United States sets sights on China in new electric vehicle push

U.S. government officials plan to meet with executives from automakers and lithium miners in early May as part of a first-of-its-kind effort to launch a national electric vehicle supply chain strategy, according to three sources familiar with the matter.

FAA chief defends 737 MAX safety inspectors from whistleblower

The acting top U.S. aviation regulator defended the Federal Aviation Administration on Friday from charges by an unnamed agency employee who told congressional investigators that aviation safety inspectors that worked on the certification of now-grounded Boeing 737 MAX may have been unqualified.

Ethiopian crash report highlights sensors, software, leaves questions

Faulty sensor readings and multiple automatic commands to push down the nose of a Boeing plane contributed to last month's fatal crash in Ethiopia, leaving the crew struggling to regain control, according to a preliminary accident report.

Fitch says 737 Max grounding to hurt Asian airline industry more in second quarter

Fitch Ratings said on Friday the impact on the airline industry in Asia from the grounding of Boeing 737 Max jets has been muted so far but may worsen in the second quarter of 2019.

Norsk Hydro's production near normal after cyber attack

Production at Norwegian aluminum maker Norsk Hydro was back to near normal after a cyber attack last month, the company said on Friday.

Huawei allegations driven by politics not evidence: U.N. telecoms chief

U.S. security concerns about 5G mobile networks built by Chinese telecoms giant Huawei appear to be driven by politics and trade rather than any evidence, the head of the U.N. internet and telecoms agency said on Friday.

France not on 'crusade' against U.S. with digital tax: finance minister

France is not specifically targeting U.S. internet giants with a planned tax on digital service companies, its finance minister said in an interview, pushing back against pressure from Washington to drop the levy.

Rare overtime protest by China tech workers goes viral

Chinese technology workers are protesting online against grueling overtime hours at some companies, a rare push back against the work culture in the country's tech industry.

Focus falls on crypto's flaws as puzzlement over bitcoin's jump reigns

Collective puzzlement has reigned among cryptocurrency analysts and traders since bitcoin's dramatic jump on Tuesday, with the mysterious spike shedding harsh light on flaws in a market the mainstream considers too opaque, too volatile and too risky.

EU charges six video game companies with unfair 'geo-blocking'

The European Commission charged Valve, the owner of a video distribution platform, and five game publishers on Friday with preventing EU consumers from shopping around within the European Union to find the best deal for the games they offer.

Rovio spin-off brings 5G gaming to Samsung devices in South Korea

Hatch Entertainment, a spin-off from Angry Birds game maker Rovio, has struck a deal to offer 5G gaming on Samsung devices in South Korea, Rovio said on Friday.

GVC quarterly net gaming revenue rises on solid online performance

Ladbrokes owner GVC Holdings Plc on Friday posted an 8 percent growth in quarterly net gaming revenue, as strong online performance in sports and gaming bets offset retail weakness in Britain.

Factbox: What we know about Boeing 737 MAX crashes and what comes next

More than 300 Boeing 737 MAX jets have been grounded worldwide after two fatal crashes in five months in Ethiopia and Indonesia killed nearly 350 people.

Comedian rips up the play book in Ukraine election success

As a comedian, TV host and actor, Volodymyr Zelenskiy knows how to start a show with a bang. He proved that by beating all comers in the first round of Ukraine's presidential election.

LG Elec sees lower profit as mobile business stays in red, shares slip

LG Electronics Inc's operating profit likely fell by a smaller-than-expected 19 percent in the first quarter, even as losses in its mobile business and rising competition in the television segment pushed its revenue down to below consensus.

How excess speed, hasty commands and flawed software doomed an Ethiopian Airlines 737 MAX

Minutes after take-off, the pilots of an Ethiopian Airlines 737 MAX were caught in a bad situation.

Facebook promises crackdown on fake news in Australia

Social media giant Facebook Inc said on Friday it would strengthen measures to fight fake news in Australia and briefly block foreigners from buying political advertisements in the lead-up to a national election due in a few weeks.

Samsung Electronics sees lowest quarterly profit in more than two years

Samsung Electronics Co Ltd said on Friday it was heading for its lowest quarterly profit in more than two years as a glut in memory chips, slowing panel sales and rising competition in smartphones hit margins.