SHANGHAI/BEIJING (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is in talks to buy the food delivery platform Ele.me but no deal is yet in place, a stakeholder in Ele.me said in a filing on Tuesday. Beijing Hualian Department Store Co Ltd said Alibaba was in discussion with Rajax, wh...
BARCELONA (Reuters) - Growth is so hard to come by in the telecoms sector that Turkcell CEO Kaan Terzioglu pledged to grow a moustache when he took over in 2015 and only shave it off if he met his performance targets. Terzioglu still sports a thick handlebar but only, he says, because he lifted his ...
TEL AVIV (Reuters) - CyberX, a provider of technology to secure the Internet of Things and industrial control systems, said on Tuesday it raised $18 million, bringing its total investment to $30 million. The investment round was led by Norwest Venture Partners, an early investor in FireEye. CyberX&r...
SAO PAULO (Reuters) - Uber Technologies Inc’s [UBER.UL] level of investment in Brazil will depend on how regulations evolve, but the ride-hailing firm is more dedicated to the market than its main rivals, Chief Executive Officer Dara Khosrowshahi told a newspaper. Khosrowshahi defended regulat...
FRANKFURT (Reuters) - Google (GOOGL.O) is not obligated to ensure websites are free from defamatory content before displaying links to them in search results, Germany’s highest court ruled on Tuesday. The case, which comes in the context of debate about the so-called “right to be forgott...
BEIJING (Reuters) - Beijing, a major hub for artificial intelligence (AI) and semiconductors in China, is touting a new list of incentives to try and bait foreign talent for its equivalent of Silicon Valley in the Chinese capital. New foreign hires at Zhongguancun Science Park will enjoy generous vi...
WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday wades into a major privacy rights fight between Microsoft Corp(MSFT.O) and the Justice Department, weighing whether U.S. law allows prosecutors to compel technology companies to hand over data stored overseas. The nine justices will hear argum...
SINGAPORE (Reuters) - Two Singaporeans on trial for unauthorized short-term rentals posted on Airbnb pleaded guilty in court on Tuesday in the first such cases under the city-state’s rules on short-term property letting introduced last year. The two men were charged for letting four units in a...
WASHINGTON (Reuters) - A national security panel that can stop mergers that could harm U.S. security has begun looking at Singapore-based chipmaker Broadcom Ltd’s plan to take over rival Qualcomm Inc, according to three sources familiar with the matter. CFIUS, an opaque inter-agency panel, has...
(Reuters) - Activist Investor Darwin Deason on Monday sought to nominate a full slate of directors to Xerox Corp’s board at the company’s upcoming annual meeting, despite missing a deadline for putting forth directors. The attempt to change the board follows a lawsuit filed earlier this ...
(Reuters) - Activist Investor Darwin Deason on Monday sought to nominate a full slate of directors to Xerox Corp’s board at the company’s upcoming annual meeting. The statement comes a week after Deason along with fellow activist investor Carl Icahn said the printer and copier maker shou...
WASHINGTON (Reuters) - A full panel of a California appeals court ruled on Monday that the Federal Trade Commission may push forward with a lawsuit alleging that AT&T Inc was deceptive in slowing internet speeds to customers with unlimited plans. The FTC sued AT&T in 2014 on the grounds that...
WASHINGTON (Reuters) - A full-panel of a California appeals court ruled on Monday that the Federal Trade Commission may push forward with its lawsuit alleging that AT&T Inc was deceptive in slowing internet speeds to customers with unlimited plans. The agency sued AT&T in 2014 on the grounds...
(Reuters) - Apple Inc is preparing to release three new smartphones later this year, including the largest iPhone ever, a device that may have a bigger display than arch-rival Samsung’s flagship phone, Bloomberg reported on Monday, citing people familiar with the products. The trio also i...
SAN FRANCISCO (Reuters) - Shares of Apple rose nearly 2 percent on Monday and were on the verge of hitting a record high after billionaire Warren Buffett talked up his company’s stake in the iPhone maker. Apple’s stock rose to as much as $179.14, just short of its $179.26 record close on...
PARIS (Reuters) - STMicroelectronics has built software from France's Sigfox into its widely used microcontrollers, giving a boost to the French start-up by enabling developers to build its network features into industrial and consumer chips.
(Reuters) - Apple Inc is preparing to release three new smartphones later this year, including the largest iPhone ever, Bloomberg reported on Monday, citing people familiar with the products.
(Reuters) - Broadcom Ltd on Monday called a proposal by U.S. semiconductor peer Qualcomm Inc for a new meeting to negotiate an increase to Broadcom's $117 billion acquisition offer "engagement theater" aimed at dodging a takeover battle.
BRUSSELS (Reuters) - The European Commission wants to tax large digital companies' revenues based on where their users are located rather than where they are headquartered at a common rate between 1 and 5 percent, a draft Commission document showed.
FRANKFURT (Reuters) - German prosecutors said on Monday they would not open a formal investigation of Mark Zuckerberg and other Facebook managers in connection with a complaint alleging the company broke national laws against hate speech and sedition.
LONDON/NEW YORK (Reuters) - Goldman Sachs-backed cryptocurrency startup Circle has acquired digital token exchange Poloniex, Circle said on Monday, as it aims to cement its position as one of the leading players in the booming market.
BRUSSELS (Reuters) - The European Commission wants to tax large digital companies’ revenues based on where their users are located rather than where their headquarters are, at a rate between 1 and 5 percent, a draft Commission document showed. The proposal, seen by Reuters, aims at increasing ...
(Reuters) - Qualcomm Inc (QCOM.O) on Monday urged Broadcom Ltd (AVGO.O) to enter into price negotiations for the first time on Broadcom’s $117 billion offer for the company, a potential step toward a deal between the two chipmakers after almost four months of disagreement. Qualcomm said on Mon...
LONDON (Reuters) - The European Union stands ready to regulate crypto-currencies if risks from the sector are not tackled at the global level, the bloc's financial services chief said on Monday.
(Reuters) - U.S. cloud networking company GTT Communications Inc said on Monday it would buy privately held European peer Interoute in an all-cash deal valued at about 1.9 billion euros, or $2.3 billion. GTT said Interoute operates one of Europe’s largest independent fiber networks and that th...
(Reuters) - U.S. cloud networking company GTT Communications Inc said on Monday it would buy European peer Interoute in an all-cash deal valued at about 1.9 billion euros, or $2.3 billion. GTT said it will fund the deal with a combination of debt and equity, and that it expects to close the deal in ...
LONDON (Reuters) - British retail banks are poised to introduce money management apps to compete with those already launched by financial technology start-ups, betting their trusted brands, broad client base and deep pockets will help them make up lost ground. HSBC (HSBA.L), Lloyds Banking Group (LL...
(Reuters) - Toyota Motor Corp is boosting investment in startup companies to get a better handle on emerging technologies that could potentially disrupt its existing business, according to the head of Toyota’s corporate venture arm. Toyota AI Ventures said on Monday it is co-leading an $11.5-m...
(Reuters) - Chipmaker Qualcomm Inc (QCOM.O) on Monday urged Broadcom Ltd (AVGO.O) to enter into price negotiations on its $117 billion offer for the company, saying the two sides had made progress on regulatory issues but were yet to agree on the deal value. Qualcomm maintained that all of Broadcom&...
BARCELONA (Reuters) - The chief executive of Huawei [HWT.UL] said on Monday the pace of commercialization for next-generation 5G wireless network is picking up pace as the Chinese telecom equipment giant has begun pre-commercial development with more than 30 network operators. Speaking to reporters ...
