South African video streaming firm to compete with Showmax, Netflix

JOHANNESBURG (Reuters) - South Africa's Discover Digital, hoping to capitalize on the rapid uptake of smartphones and improving telecommunications infrastructure on the continent, is starting a video streaming service to rival Netflix and Showmax, it said on Thursday.

Google to pay $334 million to settle Italian tax dispute

MILAN (Reuters) - Alphabet Inc's Google has agreed to pay 306 million euros ($334 million) to settle a tax dispute with Italy, the company and the country's tax authority said on Thursday.

Infosys plays down cost concerns from U.S. hiring plan

MUMBAI (Reuters) - Infosys played down concerns about cost pressures from a plan to hire 10,000 U.S. workers and boost its on-the-ground U.S. presence, saying it will enable faster deployment of staff in newer, more profitable projects in areas like big data and cloud.

Faurecia, ZF partner to develop 'cockpit of the future' for self-driving cars

(Reuters) - French car parts supplier Faurecia said it signed a partnership agreement with German company ZF to develop interior and safety technologies for self-driving cars, dubbing it the "cockpit of the future".

Infineon second-quarter oper profit slightly below expectations

FRANKFURT (Reuters) - German chipmaker Infineon on Thursday stuck with its full-year guidance, which it raised in March, after reporting slightly weaker-than-expected quarterly operating profit.

Imagination Tech starts dispute process with Apple

LONDON (Reuters) - Imagination Technologies said it had started a "dispute resolution procedure" with Apple, its biggest customer, after failing to resolve a standoff over licensing between the two companies.

WhatsApp faces worldwide outage, says is fixing it

(Reuters) - WhatsApp suffered a widespread global outage on Wednesday and was working to fix it as soon as possible, the Facebook Inc messaging service said.

Apple to create $1 billion U.S. advanced manufacturing fund, CEO says

SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Officer Tim Cook said the iPhone maker plans to create a $1 billion fund to invest in advanced manufacturing companies in the United States.

Fitbit posts smaller-than-expected loss, shares rise

(Reuters) - Fitbit Inc reported a smaller-than-expected quarterly loss as the maker of wearable devices reined in costs, sending its shares up 7.6 percent in after-market trading on Wednesday.

Dubai firm looks to raise $500 million via digital tokens for new payments system

NEW YORK (Reuters) - OneGram, a Dubai technology firm, has launched the first-ever digital currency backed by gold in an initial offering expected to raise more than $500 million in capital, company chief executive officer Ibrahim Mohammed told Reuters in an interview late on Tuesday.

Facebook profit surges 76.6 percent as ad sales jump

(Reuters) - Facebook Inc reported a 76.6 percent surge in quarterly profit on Wednesday, fueled by robust growth in its mobile ad business.

Tesla's revenue more than doubles, helped by record deliveries

(Reuters) - Electric-car maker Tesla Inc reported quarterly revenue that more than doubled and also trumped analysts' expectations, driven by record deliveries of its Model X sports utility vehicles and Model S sedans.

Google Docs warns customers about spam with malicious links

(Reuters) - Alphabet Inc said on Wednesday it was investigating widespread reports about a spam campaign in which recipients received emails from known contacts that asked them to click on a link to review a Google Docs document.

Germany sees rise in cybercrime, but reporting rates still low

BERLIN (Reuters) - Cybercrime is expanding at a rapid rate in Germany, one of the most digitally advanced countries in the world, but the vast majority of attacks against individuals and companies are not reported, government and industry executives said on Wednesday.

Nokia plans to sell its undersea cables division: sources

PARIS (Reuters) - Finland's Nokia seeks to sell its undersea cables unit, a business that underpins the global Internet and is used by France's surveillance apparatus, two union sources and one French government source told Reuters.

Sabre hires Mandiant to probe breach in hotel reservation system

(Reuters) - Sabre Corp said on Tuesday there had been a breach in its hospitality unit's hotel reservation system and had hired FireEye Inc's Mandiant forensics division to probe the incident.

Facebook to add 3,000 workers to fight streaming of live violence

SAN FRANCISCO (Reuters) - Facebook Inc will add 3,000 people over the next year to monitor reports of inappropriate material on the social media network and removing videos such as murders and suicides, Chief Executive Officer Mark Zuckerberg said on Wednesday.

Kings and dragons drive Apple in China, even as iPhone sales stall

BEIJING (Reuters) - Apple Inc has a new China growth driver: animated dragons and warring royals.

Mobileye sees income from maps before self-driving cars launch

TEL AVIV (Reuters) - Mobileye's mapping program for self-driving cars will start making money long before fully autonomous vehicles hit the roads, its chairman told Reuters, as carmakers can use the technology for a variety of semi-autonomous driving features.

Uber in U.S. court reckoning on possible shutdown of self-driving program

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] goes before a U.S. judge on Wednesday to fight for the right to continue work on its self-driving car program, the latest phase in a courtroom battle over trade secrets that threatens to topple a central pillar of Uber's growth strategy.