NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money. Only a few years ago, digital currency entrepreneurs, like other S...
SINGAPORE (Reuters) - Grab, Uber Technologies Inc's biggest ride-hailing competitor in Southeast Asia, said it expects to raise $2.5 billion in its latest financing round that will help bolster its leading position in the region and grow its payments platform. Chinese peer Didi Chuxing and Japan's S...
MADRID (Reuters) - Authorities in Madrid asked Spain's anti-trust watchdog on Saturday to investigate whether Uber's new low-cost airport transfer service constitutes unfair competition. The city council's request follows the ride-hailing app's return to the Spanish capital last year after the CNMC ...
TOKYO (Reuters) - Toyota Motor Corp is likely to begin mass production of electric vehicles (EVs) in China as early as 2019, the Asahi daily reported on Saturday. The model will be based on the C-HR sport utility vehicle and manufactured for Chinese market only, the report said without citing source...
NEW YORK (Reuters) - Digital currency bitcoin on Friday averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions. Bitcoin's miners have signaled their support for the so-called Bitcoin Im...
NAIROBI (Reuters) - An innovative Kenyan bond which is bought via mobile phone had raised far less than the 1 billion shillings ($9.6 million) targeted on Friday, failing to match a previous success. In March, the East African nation became the first country to issue a mobile phone-based bond, which...
SAN FRANCISCO (Reuters) - Lyft Inc has formed a self-driving car division, company executives said, a bold investment for the second-largest U.S. ride-services firm as it jockeys for position in the highly competitive autonomous vehicle race. The executives said on Thursday the company would soon op...
BERLIN (Reuters) - More than half the companies in Germany have been hit by spying, sabotage or data theft in the last two years, the German IT industry association Bitkom said on Friday, and estimated the attacks caused around 55 billion euros' worth of damage a year. Several high-profile attacks h...
(Reuters) - The U.S. government on Thursday dealt Arista Networks Inc a loss in its technology dispute with Cisco Systems Inc and refused to set aside an order blocking importation of some of Arista's network switches. The U.S. International Trade Commission refused to rescind its May 4 ruling that ...
LONDON (Reuters) - A 14 billion pound ($18 billion) class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16-year period was blocked from proceeding by a judge, MasterCard said on Friday. The Competition Appeal Tribunal (CAT) has sided with ...
HONG KONG (Reuters) - Baidu Inc (BIDU.O) and JD.com (JD.O) will join other big Chinese technology firms, including Tencent Holdings (0700.HK), to jointly invest about $12 billion into state-owned mobile carrier China Unicom, two people with direct knowledge of the matter said. The move is part of ef...
HONG KONG (Reuters) - Baidu Inc and JD.com will join other big Chinese technology firms, including Tencent Holdings, to jointly invest about $12 billion into state-owned mobile carrier China Unicom, two people with direct knowledge of the matter said. The move is part of efforts by China's governmen...
WASHINGTON (Reuters) - As part of its review of Amazon's agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe. The FTC is probing a complaint brought by the advocacy...
LONDON (Reuters) - Vodafone, the world's second largest mobile operator, reported better-than-expected 2.2 percent revenue growth in its first quarter, reflecting a robust performance in Italy and Spain and an acceleration in demand in Turkey. The company said the rise in organic service revenue, wh...
SEOUL (Reuters) - South Korea's LG Chem Ltd is slated to exclusively provide batteries for Apple's iPhone 9 which is likely to be launched next year, a Korean newspaper reported on Friday. LG Chem has invested hundreds of billions of won in a dedicated line for the purpose and will produce "L-shaped...
SAN FRANCISCO (Reuters) - Microsoft on Thursday reported strong fourth-quarter earnings on the back of its fast-growing cloud computing business, stoking optimism that the once-stagnant company has found a new groove. The results were the clearest sign yet that the strategy put in place by Chief Exe...
(Reuters) - A group representing major technology companies has aligned itself against Qualcomm Inc in its legal dispute with Apple Inc by calling on regulators to reject Qualcomm's bid to ban the import of iPhones. A lobbying group that represents Alphabet Inc's Google, Amazon.com Inc, Microsoft Co...
SAN FRANCISCO (Reuters) - A potential flood of newly available Snap shares is weighing on Wall Street's already shaky support for the owner of the Snapchat social media app. Snap's (SNAP.N) shares fell as much as 1.7 percent on Thursday as analysts focused on the expiry of lock-up periods starting a...
SAN FRANCISCO (Reuters) - Entrepreneur Elon Musk on Thursday said that he had received "verbal government approval" to build an underground transport hyperloop between New York and Washington, D.C., although he did not say who gave the approval or how any such project would proceed. Musk, the outspo...
MOSCOW/LONDON (Reuters) - Moscow and Washington are in talks to create a joint cyber security working group, Russia's RIA news agency reported on Thursday, citing Andrey Krutskikh, a special presidential envoy on cyber security. "The talks are underway ... different proposals are being exchanged, no...
