SAP, gaining market share, raises outlook

FRANKFURT/LONDON (Reuters) - Germany's SAP announced upbeat results in the seasonally tough first quarter, saying it was gaining ground on its main competitors Salesforce and Oracle in the cloud and that its margin recovery was firmly on track.

SK Hynix echoes TSMC with warning of slower mobile chip growth

SEOUL (Reuters) - SK Hynix Inc became Asia's second major semiconductor maker this earnings season to warn of slower growth in smartphone chip sales, but said this would be offset somewhat by robust demand for server and other high-end chips.

China's ride-hailing firm Didi wants to develop 'purpose-built' cars with automakers

BEIJING/DETROIT (Reuters) - Chinese ride-hailing giant Didi Chuxing is exploring ways of collaborating with established automakers and parts suppliers to jointly develop cars purpose-built for its services, the company said on Tuesday.

Ad sales surge at Google parent Alphabet, but so do costs

SAN FRANCISCO (Reuters) - Strong growth in ad sales on Google search and YouTube were not enough to offset a surge in costs at parent Alphabet Inc that shrank the first-quarter operating margin, leaving shares flat after hours on Monday.

Car of the future: Electrified and autonomous, but what will it look like?

BEIJING (Reuters) - An autonomous driving electric vehicle may not take to the sky any time soon but could one day start to look a bit like The Jetsons’ flying car - a glass bubble without the long hood that is a signature feature of today's gasoline-fueled cars.

Flying taxi start-up hires designer behind modern Mini, Fiat 500

LONDON (Reuters) - Lilium, a German start-up with Silicon Valley-scale ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind iconic car brands including the modern Mini, Fiat 500 and McLaren P1.

Google parent Alphabet profit beats Street on strong ad sales

SAN FRANCISCO (Reuters) - Google owner Alphabet Inc reported first-quarter sales and profit Monday that topped financial analysts' estimates due to strong ad sales and a change in accounting for investments in startups, sending its shares up about 1 percent after hours.

Facebook says it is taking down more material about ISIS, al-Qaeda

SAN FRANCISCO (Reuters) - Facebook Inc said on Monday that it removed or put a warning label on 1.9 million pieces of extremist content related to ISIS or al-Qaeda in the first three months of the year, or about double the amount from the previous quarter.

Alphabet's profit jumps 73 percent in first quarter

(Reuters) - Alphabet Inc's profit jumped about 73 percent in the first three months of the year, as Google's parent company benefited from soaring sales of internet advertisements.

India's Infosys to renew focus on digital services

MUMBAI (Reuters) - Infosys Ltd, India's second-biggest IT firm, plans to renew its focus on digital services as it looks to boost growth amid shrinking profit margins in its legacy business and rising competition from local and international rivals.

Apple sensor supplier AMS warns of second-quarter slowdown

ZURICH (Reuters) - Chipmaker AMS reported first-quarter sales toward the lower end of its guidance range on Monday and warned of a downturn owing to weaker orders from one of its main customers.

EU opens competition probe into Apple's bid for music app Shazam

BRUSSELS (Reuters) - EU antitrust regulators opened an investigation on Monday into Apple's bid for British music discovery app Shazam, concerned the deal might give the iPhone maker an unfair advantage in poaching users from its rivals.

EU investigators to investigate Apple's bid for Shazam

BRUSSELS (Reuters) - EU antitrust regulators opened on Monday an investigation into iPhone maker Apple's bid for British music discovery app Shazam, concerned that the deal may hurt competition.

Dubai's Careem hit by cyber attack affecting 14 million users

DUBAI (Reuters) - Careem, Uber's main ride-hailing app rival in the Middle East, was hit by a cyber attack that compromised the data of 14 million users, it said on Monday.

Deutsche Telekom unit T-Systems to return to profit in 2020: CEO

HANOVER, Germany (Reuters) - Deutsche Telekom unit T-Systems should return to profitability in 2020 as the company undergoes a digital makeover, new Chief Executive Adel Al-Saleh said on Monday at the Hannover Trade Fair.

Netflix to raise $1.5 billion in debt

(Reuters) - Netflix Inc said on Monday it planned to raise $1.5 billion in debt, the second time the company is tapping the debt market in less than a year to fuel a rapid expansion in original content.

China's Didi Chuxing launches ride service in Mexico

SAN FRANCISCO (Reuters) - Chinese ride-hailing firm Didi Chuxing on Monday launched its service in Toluca, Mexico, the company said, setting up a likely costly battle with rival Uber Technologies Inc [UBER.UL] in a key market.

Indonesian motorcycle taxi drivers protest low online tariffs

JAKARTA (Reuters) - Hundreds of Indonesian motorcycle taxi drivers working for start-ups Grab and Go-Jek called on Monday for an end to low online fares and demanded tighter regulation of ride-hailing companies.

Exclusive: China's Lishen plans first European sales office for electric vehicle batteries - source

LONDON/BERLIN (Reuters) - Chinese battery maker Tianjin Lishen plans to open a sales office in Germany, its first in Europe, and is in talks to supply local auto makers with batteries used to power electric vehicles, a source at the company told Reuters.

Volvo Trucks plans to share electric truck battery tech across brands

TOKYO (Reuters) - Volvo Trucks plans to share battery technology across its brands to tame development and production costs for the crucial but expensive component, as the world's second-largest truck maker ramps up electric offerings, the company told Reuters on Monday.

Facebook's hidden data haul troubles German cartel regulator

BONN, Germany (Reuters) - That the personal data of tens of millions of Facebook users fell into the wrong hands is troubling politicians, but Germany's top competition regulator is questioning the sheer volume of information that the social network harvests.

China fund managers slash ZTE valuation after U.S. sanction

SHANGHAI (Reuters) - Chinese funds have slashed valuations of ZTE Corp after the United States banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatened its very survival.

Toshiba still aiming to complete sale of memory chip unit soon

TOKYO (Reuters) - Toshiba Corp said on Monday it is still aiming to complete the sale of its memory chip business soon, following media reports it had decided to cancel the $18.6 billion sale if it did not get approval from Chinese regulators by May.

Australian regulator flags scrutiny of Uber Eats

SYDNEY (Reuters) - The head of Australia's competition regulator said on Monday it will scrutinize contracts between Uber Technologies Inc [UBER.UL] and restaurants that use its food delivery app Uber Eats.

UK finance firms urged to work together to fight cyber crime

LONDON (Reuters) - Britain's financial firms need to pull together to fight cyber crime, working with government and law enforcement to attack criminals' infrastructure and put them out of business, a report by KPMG and industry body UK Finance said on Monday.

Australia competition regulator flags scrutiny of Uber Eats

SYDNEY (Reuters) - The head of Australia's competition regulator said on Monday it will scrutinize contracts between Uber Technologies Inc [UBER.UL] and restaurants that use its food delivery app Uber Eats.

Iran central bank bans cryptocurrency dealings

DUBAI (Reuters) - Iran's central bank has banned the country's banks from dealing in cryptocurrencies, including Bitcoin, over money-laundering concerns, the state news agency IRNA reported on Sunday as the country tries to halt a currency crisis.

Amazon to double down on groceries; foray deeper into fresh produce in India

BENGALURU (Reuters) - Amazon.com Inc expects groceries and household products to account for over half of its business in India in the next five years, as it moves to broaden offerings in the segment and foray into areas such as fresh produce.

Malaysia says will look into bot activity on Twitter, upon complaints

KUALA LUMPUR (Reuters) - Malaysian regulators will look into the activity of automated accounts on Twitter, known as bots, in the run-up to a general election if they get complaints about them, the communications and multimedia minister said.

Toshiba eyes cancelling chip unit sale if no China approval by May: media

TOKYO (Reuters) - Japan's Toshiba Corp has decided it will cancel the planned $18.6 billion sale of its memory chip unit if it does not get approval from China's anti-monopoly regulator by May, the Mainichi newspaper said on Sunday.