Top Chinese diplomat says supports Huawei's bid for legal redress

The Chinese government's top diplomat, State Councillor Wang Yi, said on Friday that China supports Huawei Technologies' bid for legal redress in the United States, adding that Beijing would resolutely protect the rights of Chinese people and firms.

U.S. indicts Gulnara Karimova in Uzbek corruption scheme

The United States has indicted the daughter of the late president of Uzbekistan on corruption charges for allegedly using her official position to solicit more than $865 million in bribes from three telecommunications companies, the Justice Department said on Thursday.

Germany does not want to ban Huawei from 5G networks: minister

Germany does not want to ban Chinese telecoms equipment maker Huawei Technologies from building its 5G networks, Economy Minister Peter Altmaier said on Thursday, adding that Berlin would tighten security criteria for all vendors instead.

SpaceX CEO Musk's security clearance under review over pot use: official

SpaceX Chief Executive Elon Musk's security clearance is being reviewed by the Pentagon after the billionaire smoked marijuana on a California comedian's podcast in September, a U.S. official said on Thursday.

Tesla enters into agreement with Chinese lenders for Gigafactory

Tesla Inc said on Thursday it signed an agreement with lenders in China for a 12-month facility of up to 3.5 billion yuan ($521 million) for the electric carmaker's Gigafactory in Shanghai.

U.S. telecoms regulator stops clock on Sprint, T-Mobile merger review

The U.S. Federal Communications Commission said on Thursday it has halted the informal 180-day "shot clock" on the review of the merger of wireless providers Sprint Corp and T-Mobile US Inc to give the public three additional weeks to comment on the $26 billion tie-up.

U.S. State Department declines comment on Huawei suit

The U.S. State Department declined to comment on Thursday on a lawsuit against the United State by Chinese telecommunications equipment maker Huawei Technologies, and said Washington advocates for secure networks that are free from undue foreign government influence.

Russian mobile telecom company to pay $850 million for alleged bribery

Russia's largest mobile telecommunications company and its Uzbek subsidiary agreed to pay $850 million to resolve U.S. charges of a bribery and money-laundering scheme, the U.S. Justice Department said on Thursday.

Musk's SpaceX capsule set to splash down Friday after space station stop

An unmanned capsule from Elon Musk's SpaceX was due to return to earth on Friday after a short-term stay on the International Space Station, capping the first orbital test mission in NASA's long-delayed quest to resume human space flight from U.S. soil later this year.

Tesla CEO Musk's security clearance under review over pot use: Bloomberg

Tesla Inc and SpaceX Chief Executive Officer Elon Musk's security clearance is being reviewed by the Pentagon after the billionaire smoked marijuana on a California comedian's podcast in September, Bloomberg reported on Thursday, citing a U.S. official.

Netflix chief marketing officer to leave

Netflix Inc said on Thursday Chief Marketing Officer Kelly Bennett will step down after seven years in the role, during which the online video-streaming giant's paid subscribers jumped five-fold to 139 million.

Explainer: Huawei faces slim odds in new U.S. court fight

Huawei Technologies Co Ltd has opened up a new front in its battle with the U.S. government by filing a lawsuit challenging a congressional ban on federal agencies' use of the Chinese technology company's products.

U.S. senators offer resolution backing Canada on Huawei CFO

The Republican and Democratic leaders of the U.S. Senate Foreign Relations Committee introduced legislation on Thursday backing Canada's handling of Huawei Technologies Chief Financial Officer Meng Wanzhou, as the United States seeks her extradition.

Airbnb buys HotelTonight in deeper expansion into hotel-booking business

Home-renting company Airbnb has bought HotelTonight, an app for finding hotel rooms at a discount, as it wades deeper into the hotel-booking business to attract a wider variety of travelers ahead of a hotly anticipated initial public offering.

Netflix chief marketing officer to step down

Netflix Inc said on Thursday its Chief Marketing Officer Kelly Bennett is stepping down after seven years in the post, during which the online-streaming giant added 139 million paid subscribers.

Facebook takes down fake accounts in UK, Romania

Facebook Inc said on Thursday it had removed 137 pages, groups and Instagram accounts in the United Kingdom and a further 31 in Romania for engaging in coordinated inauthentic behavior.

Altice USA is considering sale of Lightpath fiber unit: sources

Cable operator Altice USA Inc is exploring options for its Lightpath fiber unit, including a divestment of the seller of Internet services to large corporations that could fetch $3 billion, according to sources familiar with the matter.

BMW's China electric car export plans on hold amid tariff uncertainty

BMW's ambitions to establish China as a hub for exporting electric cars are in limbo because of uncertainty over potential trade tariffs between China and the United States, company executives told Reuters.

Germany toughens security criteria for all telecoms equipment vendors

Germany set tougher criteria on Thursday for vendors supplying telecoms network equipment, stopping short of singling out China's Huawei Technologies for special treatment and instead saying the same rules should apply to all vendors.

Czech regulator: watchdog's Huawei warning no threat to 5G auction

Czech telecom regulator CTU said on Thursday there was no threat to a planned auction of new-generation 5G frequencies from the country's cyber watchdog's December warning over possible dangers from technology of Chinese firms Huawei and ZTE.

German regulator says 5G security requirements to apply to all vendors

Germany's federal network regulator set new security criteria on Thursday for vendors supplying equipment for 5G networks, saying the same rules should apply to all providers and toughening scrutiny of gear used in critical infrastructure.

SoftBank extends tech reach with $5 billion LatAm fund

Japan's SoftBank Group is launching a $5 billion fund to invest in technology companies in Latin America, it said on Thursday, ramping up its tech ambitions beyond its huge Vision Fund.

African telecoms titan MTN slims down with $1 billion divestment plan

MTN Group announced on Thursday a $1 billion divestment program over the next three years that will slim down Africa's biggest mobile phone operator and refocus it on high-growth markets on the continent and in the Middle East.

Exclusive: Yelp averts board challenge as SQN endorses changes

SQN Investors LP dropped its threat of challenging Yelp Inc's board of directors on Thursday, after the company unveiled steps to improve returns that echoed plans the hedge fund had proposed, according to a letter SQN sent to Yelp.

Vodafone says complete UK ban on Huawei would cost it millions of pounds

Vodafone said any move by Britain to bar equipment made by China's Huawei from all parts of new 5G networks would cost it hundreds of millions of pounds and "very significantly" slow down the deployment of the new technology.

Romania's critical networks do not use Huawei equipment: STS

Huawei equipment is not used "in any of Romania's state critical infrastructure" under the administration of the NATO member's Special Telecommunications Service (STS), the STS told Reuters on Thursday.

SoftBank launches $5 billion fund to invest in LatAm tech firms

Japan's SoftBank Group Corp said on Thursday it had launched a new $5 billion innovation fund to invest in technology companies in Latin America

Xerox restructures business to create holding company

Xerox Corp said on Thursday it will implement a structure in which the printer maker will become a wholly owned unit of a new holding company.

Austria sells 5G licenses for a song, seeking rapid rollout

Austria has sold 5G licenses to three national mobile operators and a handful of local players, bringing in a mere 188 million euros ($213 million) in an auction aimed at ensuring a rapid rollout of the new technology.

Apps let more women ‘swipe right’ to find friends

Women have long relied on dating apps to find romantic partners, but many now are going online to seek another special someone: a friend.