Indonesia completes fiber-optic network to bring internet to remote east

Indonesia has completed the last leg of a 13,000-km (8,080 mile) fiber-optic network that will bring high-speed internet to some of its poorest regions in the country's east, including the restive region of Papua, the government said on Monday.

Volkswagen CEO says electric car shift won't hurt margins: paper

Volkswagen does not expect the shift in production toward electric cars aimed at averting billions of euros in European pollution fines to hurt its profit margins, Chief Executive Herbert Diess said in a newspaper report on Monday.

WeWork opens new sites at breakneck speed despite cash-burn concerns

WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is burning through cash as increasingly hard-nosed investors scrutinize its prospects for going public.

New Zealand PM Ardern steps up fight against extremist online content

New Zealand's Prime Minister Jacinda Ardern announced more funding and support on Monday to target violent extremist content online, just months after an alleged white supremacist livestreamed a massacre at two mosques in Christchurch.

Blizzard Entertainment cuts punishment for HK gamer in protests row

Blizzard Entertainment has reduced the punishment that it dealt out to a Hong Kong-based Hearthstone esports player for his public support of pro-democracy protests in the city, after its decision sparked controversy among players and the public.

Trade war rejuvenates 'Silicon Valley' firms in Malaysia

Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it's hiring more workers, considering an expansion, and picking and choosing orders.

SoftBank seeks control of WeWork through financing package: source

SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, a person familiar with the matter said.

SoftBank seeks control of WeWork through financing package: WSJ

SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, the Wall Street Journal reported.

Uber and Banco Inter in talks to forge partnership in Brazil: source

Brazilian lender Banco Inter SA and Uber Technologies Inc are in talks to forge a partnership in financial services, a source familiar with the matter said, in a move that shows how Japan's SoftBank Group Corp is working to integrate its business in Latin America.

Warren campaign challenges Facebook ad policy with 'false' Zuckerberg ad

U.S. Senator Elizabeth Warren's Democratic presidential campaign this week challenged Facebook's policy that exempts politicians' ads from fact-checking, by running ads on the social media platform containing the false claim that Facebook CEO Mark Zuckerberg endorsed President Donald Trump's re-elec...

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Lyft follows Uber in suing NYC over cruising time caps

Lyft Inc, following its rival Uber's move, has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, the company said on Saturday.

Facebook's Libra currency abandoned by major financial companies

Facebook Inc's ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project.

Digital assets subject to money-laundering, disclosure laws: U.S. regulators

Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation to follow securities laws prohibiting money laundering and requiring disclosure of suspicious activity.

U.S. SEC halts Telegram's $1.7 billion digital token offering

U.S. authorities said on Friday they have halted a $1.7 billion unregistered digital token offering by the messaging service Telegram Group Inc and its TON Issuer subsidiary.

Mastercard, Visa, others exit Facebook's Libra project

Facebook Inc's efforts to establish a global digital currency called Libra suffered major setbacks on Friday, as EBay Inc , Stripe Inc, Mastercard and Visa Inc all said they were leaving a group of companies aiding the project.

EBay, Stripe join PayPal in exiting Facebook's cryptocurrency Libra

EBay Inc and Stripe are leaving Libra Association, the entity managing the Facebook-led effort to build a global digital currency said on Friday, joining Paypal Holdings Inc which exited the group just a week ago.

SoftBank group to invest $500 million in venture capital funds in Latin America

Japan's SoftBank Group Corp is planning to invest $500 million in venture capital funds in Latin America, its managing partner in Brazil, Andre Maciel, said on Friday.

FTC's antitrust chief, who spearheaded tech task force, to step down

The Federal Trade Commission, which works with the Justice Department to enforce antitrust law, will lose the head of the Bureau of Competition next month, Chairman Joe Simons said in a statement on Friday.

Biden campaign asks Facebook, Twitter and Google to take down Trump ad

U.S. Democratic presidential candidate Joe Biden's campaign sent letters over the last week to Facebook Inc, Twitter Inc and Alphabet Inc's Google, asking them to take down a social media ad from President Donald Trump which the Biden campaign said contained false claims.

SoftBank-backed Vir Biotechnology's shares tumble in market debut

Shares of SoftBank-backed Vir Biotechnology Inc plunged nearly 19.3% on their debut on Friday, adding to the gloom in the IPO market following WeWork's failed attempt to list on the stock market.