Australia audits Paypal for money laundering, terror law compliance

Australia's financial intelligence agency on Tuesday ordered an audit of global money transfers by digital payments giant PayPal Holdings Inc amid concerns they are facilitating serious crimes, including child exploitation.

Honda to cease diesel vehicle sales in Europe by 2021

Honda Motor Co Ltd said on Monday it would phase out all diesel cars by 2021 in favor of models with electric propulsion systems, as the Japanese automaker moves to electrify all of its European cars by 2025.

Tech companies back independent watchdog to tackle online extremism

A global working group set up by Facebook, Twitter, YouTube, and Microsoft to remove extremist content will become an independent watchdog working "to respond quicker and work more collaboratively to prevent" attacks like Christchurch, New Zealand Prime Minister Jacinda Ardern said on Monday.

Facebook to buy brain science start-up CTRL-labs

Facebook Inc said on Monday it bought New York-based CTRL-labs, a start-up that is exploring ways for people to communicate with computers using brain signals, in a deal that CNBC was valued at $1 billion.

Tech group to revamp in fight against online extremist content

A consortium of global tech companies, set up to combat extremist content online, said on Monday it plans to revamp the two-year-old organization and appoint an executive director.

Russian man pleads guilty in U.S. to role in hacking scheme that targeted JPMorgan

A Russian man pleaded guilty on Monday to U.S. charges he took part in a massive computer hacking scheme that targeted JPMorgan Chase & Co and other financial services companies.

Canada says officials did not act improperly when arresting Huawei CFO

There is no evidence Canadian border officials or police acted improperly when Huawei Chief Financial Officer Meng Wanzhou was detained and arrested at Vancouver's airport nearly 10 months ago, the Attorney General of Canada said in a filing released on Monday.

Canada says border officials, police did not act improperly when arresting Huawei CFO

There is no evidence Canadian border officials or police acted improperly when Huawei Chief Financial Officer Meng Wanzhou was detained and arrested at Vancouver's airport nearly 10 months ago, the Attorney General of Canada said in a filing released on Monday.

Israel's Cellcom to cut jobs as competition heats up

Cellcom Israel Ltd said on Monday it would cut jobs and payments to suppliers as part of a restructuring plan aimed at returning to profits by the end of 2020.

Software firm TeamViewer expected to price in upper half of range: bookrunner

German software company TeamViewer is expected to price its initial public offering in the upper half of the projected range, one of its bookrunners said on Monday, indicating that one of Europe's largest IPOs of the year remains on track.

Google launches subscription service for select apps and games

Alphabet Inc's Google said on Monday it is rolling out Google Play Pass, a subscription service that gives Android users access to more than 350 apps and games without ads and in-app purchases.

Huawei CFO arrives at Vancouver court for hearing expected to disclose arrest details

Huawei Chief Financial Officer Meng Wanzhou arrived at a Canadian courtroom on Monday along with her lawyers to press for more details surrounding her arrest at Vancouver's airport nearly 10 months ago.

Hyundai Motor Group, Aptiv to set up $4 billion self-driving car venture

Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv , the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market.

Ford recalls 322,000 cars over battery fire risk: kfz-Betrieb

Ford is recalling about 322,000 cars whose batteries could catch fire due to acid leakage, trade publication kfz-betrieb reported on Monday, citing Germany's KBA federal motor authority.

Timeline: Key events in Huawei CFO Meng Wanzhou's extradition case

Meng Wanzhou, chief financial officer of Huawei Technologies Co Ltd [HWT.UL], will appear in a Vancouver, Canada, courtroom on the first of three days of trial starting on Monday. Here is a timeline of the case and its geopolitical implications.

Apple to make new Mac Pro PCs in U.S. after some tariff exemptions

Apple Inc said on Monday it will make new Mac Pro desktop computers at its Austin, Texas facility, following some relief on tariffs by the U.S. government.

Nissan, Ghosn settle U.S. SEC claims over undisclosed compensation

Nissan Motor Co and its former Chief Executive Carlos Ghosn have agreed to settle claims from the U.S. Securities and Exchange Commision over false financial disclosures related to Ghosn's compensation, an SEC statement said on Monday.

Miners push for U.S. Congress to vote on electric vehicle supply chain bills

Mining executives eager to speed U.S. production of lithium and other metals for the burgeoning electric vehicle industry are frustrated that the U.S. Congress has yet to pass legislation designed to streamline mine permitting and fund geological studies, among other steps.

Exclusive: We Company CEO Neumann starts talks on his role at WeWork parent - sources

WeWork co-founder Adam Neumann has started talks with board directors and investors to discuss his future role, including the possibility of giving up his title as chief executive of the U.S. office-sharing start-up, people familiar with the matter said on Monday.

WeWork bond prices falls after SoftBank questions CEO: MarketAxess

The price of We Company's 7.875% May 2025 junk bond fell 1.1% on Monday morning, MarketAxess data showed, following reports from sources that investor SoftBank Group is exploring ways to replace Adam Neumann as chief executive of the WeWork parent.

Carlos Ghosn reached civil settlement with U.S.'s SEC: lawyers

Former Nissan Chairman Carlos Ghosn has reached a civil settlement with the U.S. Securities and Exchange Commission to resolve its investigation of alleged violations of U.S. securities laws, Ghosn's lawyers said in a statement on Monday.

Nissan, Ghosn settle SEC claims over undisclosed compensation

Nissan Motor Co and its former chief executive Carlos Ghosn on Monday agreed to settle claims from the U.S. Securities and Exchange Commision (SEC) over false financial disclosures related to Ghosn's compensation, an SEC statement said on Monday.

New 5G licenses in Austria to be tied to rural rollout

Austria's telecoms regulator RTR said on Monday bidders in the second auction of 5G licenses will have to commit to roll out fast internet in rural areas, aiming to ensure access for every community in the largely rural and mountainous country.

Online banks to take bigger share of U.S. deposit market: Evercore

Online banks, such as Ally Financial Inc and Capital One Financial Corp , are expected to take a bigger chunk of the overall U.S. deposit market, after racking up $95 billion in customer deposits this year with enticing yields on most savings accounts.

Hyundai Motor Group, Aptiv to set up $4 billion self-driving car JV

Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv , the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market.

Nimble tech firms must adapt as promised self-driving revolution hits speed bumps

When Silicon Valley startup Phantom Auto was formed in 2017, it was one of many software suppliers hitching their fortunes to self-driving cars, confident that fleets of robotaxis would be using their technology within a few years.

UAE's Mubadala invests $500 million in Cologix

Mubadala Investment Co said on Monday it will invest up to $500 million in Cologix, a U.S. data business company.

Huawei CFO's arrest at airport to be focus of Vancouver hearing

Lawyers for Huawei Chief Financial Officer Meng Wanzhou will be in a Canadian courtroom on Monday to press for details surrounding her arrest at Vancouver's airport nearly 10 months ago.

Hyundai Motor Group, Aptiv to set up $4 billion self-driving JV

South Korea's Hyundai Motor Group and Dublin-headquartered auto technology firm Aptiv said on Monday they are creating a 50:50 autonomous driving joint venture valued at $4 billion.

German software firm TeamViewer expected to price in upper half of range -bookrunner

German software company TeamViewer is expected to price its initial public offering in the upper half of the range, one of the bookrunners said on Monday, indicating that one of Europe's largest IPOs of the year remains on track.