Xiaomi-backed online bank to launch services soon - bank investor

BEIJING (Reuters) - A Chinese online bank backed by smartphones and home appliances maker Xiaomi Inc [XTC.UL] is set to launch services soon, after being officially established and rebranded recently, according to one of the venture's investors.

South Korea regulator fines Qualcomm $854 million for violating competition laws

SEJONG, South Korea (Reuters) - South Korea's antitrust regulator said on Wednesday it fined U.S. chipmaker Qualcomm Inc 1.03 trillion won ($854 million), a record for the country, ruling its business practices of patent licensing and smartphone modem chip sales hindered competition.

Flight booking systems lack basic privacy safeguards, researchers say

HAMBURG (Reuters) - Major travel booking systems lack a proper way to authenticate air travelers, making it easy to hack the short code used on many boarding passes to alter flight details or steal sensitive personal data, security researchers warned on Tuesday.

Amazon says 2016 holiday season 'best-ever'

(Reuters) - Amazon.com Inc said it had its best-ever holiday season, shipping more than one billion items worldwide through its Prime membership program.

Chinese investors buy stake in mapping firm HERE

FRANKFURT (Reuters) - Chinese mapping firm NavInfo , internet group Tencent and Singapore's sovereign wealth fund GIC are buying a 10 percent stake in digital maps company HERE, the latest in a string of Chinese acquisitions in Europe.

Panasonic, Tesla to start production of solar cells in New York

TOKYO (Reuters) - Panasonic Corp and Tesla Motors said on Tuesday they have agreed to start production of photovoltaic (PV) cells and modules at a factory in Buffalo, New York.

China renews calls for tighter cyberspace security - CAC

BEIJING (Reuters) - China's top cybersecurity body reaffirmed its commitment to heightened cybersecurity surveillance on Tuesday, calling for increased scrutiny of local and foreign technology used in industries deemed critical to the national interest.

J. Crew's shopping website down for several hours

(Reuters) - Apparel retailer J. Crew Group Inc's shopping website was down for several hours on Monday.

Sony Music's Twitter hacked, fake Britney Spears death tweets sent

NEW YORK (Reuters) - Sony Music Entertainment's Twitter account was hacked on Monday, publishing fake statements that pop music icon Britney Spears had died.

Power surge: Chinese electric car battery maker charges for global market

NINGDE, China (Reuters) - A dusty village on the outskirts of Ningde, a third-tier city in China's southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology.

Israel telecom regulator signals likely to allow Bezeq to merge units

JERUSALEM (Reuters) - Bezeq Israel Telecom said on Sunday it had received notice that Israel's telecoms regulator would likely allow Bezeq to merge its various business units.

Snapchat buying Israeli augmented reality start-up Cimagine: report

TEL AVIV (Reuters) - Messaging app Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, marking Snapchat's first acquisition in Israel, the Calcalist financial daily reported on Sunday.

Exclusive: FBI probes FDIC hack linked to China's military - sources

WASHINGTON (Reuters) - The FBI is investigating how hackers infiltrated computers at the Federal Deposit Insurance Corporation for several years beginning in 2010 in a breach senior FDIC officials believe was sponsored by China's military, people with knowledge of the matter said.

Amazon starts flexing muscle in new space: air cargo

ALLENTOWN, Pa. (Reuters) - A cargo plane emblazoned with "Prime Air" descended from an empty sky at Lehigh Valley International Airport on Tuesday, ninety minutes from the bustle of New York City, loaded with crates of goods during the peak holiday shopping season.

Ericsson, Cisco to target corporate, public sector clients in 2017

STOCKHOLM (Reuters) - Global telecoms equipment gear maker Ericsson plans to expand its partnership with Cisco Systems Inc by serving new corporate clients and the public sector in 2017, its North American chief told Reuters in an interview.

Baidu says reports of IPO for video-streaming site iQiyi.com are inaccurate

BEIJING (Reuters) - Chinese internet giant Baidu Inc said on Friday that reports it is currently pushing for an initial public offering for its video-streaming site iQiyi.com are inaccurate.

Dutch market regulator bans T-Mobile's 'free' streaming music service

AMSTERDAM (Reuters) - The Dutch Consumer and Markets regulator (AFM) on Friday ordered T-Mobile to stop offering a streaming music product which did not count toward customers' data usage.

Uber takes self-driving cars to Arizona after California demands permit

SAN FRANCISCO (Reuters) - Uber Technologies Inc on Thursday removed its self-driving test cars from California and put them on trucks bound for Arizona, shuttering the autonomous vehicle project in its home state after a week-long battle with regulators.

Nokia files more patent suits against Apple

HELSINKI (Reuters) - Finnish telecoms networks equipment maker Nokia said on Thursday it had filed a new set of patent lawsuits against Apple Inc in Asia, Europe and the United States.

Norway aims to allow testing of self-driving cars in 2017

OSLO (Reuters) - The Norwegian government aims to pass a law in the spring of next year to allow testing of self-driving vehicles on Norwegian roads, it said on Thursday.