Exclusive: Comcast emerges as new Google antitrust foe - sources

Comcast Corp , one of America’s largest media and communications companies, is wading into the epic regulatory pile-on against big tech companies such as Google, according to people familiar with the matter.

Fiscal crises biggest risk to global business, WEF says

The possibility of a fiscal crisis is the biggest risk to doing business globally, according to a survey of World Economic Forum business leaders published on Tuesday, though there were strong regional differences in views of the biggest risk.

TSMC counter-sues U.S. chip rival GlobalFoundries for patent infringement

Apple Inc supplier TSMC has counter-sued smaller contract chipmaking rival GlobalFoundries Inc in the United States, Germany and Singapore, saying the U.S. firm has infringed 25 of its patents.

Masmovil signs 5G agreement with Orange Espagne, hikes EBITDA guidance

Spanish telecommunications company Masmovil said on Tuesday it signed a 5G agreement with Orange Espagne, helping the company hike its EBITDA guidance for three years.

After big deal fails, Malaysia's Axiata seeks small sales

Under pressure to deliver cash to shareholders after a merger with Norway's Telenor collapsed, Malaysia's Axiata has changed tack: It is now in talks to offload stakes in units and will no longer entertain a group-level deal, sources told Reuters.

Deutsche Post plans new investment as ecommerce booms

Deutsche Post DHL set a new target for an operating profit of 5.3 billion euros ($5.77 billion) for 2022 and said it would invest heavily in areas like warehouse automation and analytics as it seeks to keep up with fast-growing ecommerce.

Lawyers for Huawei CFO detail record requests to prove her rights were violated

Lawyers for Huawei Chief Financial Officer Meng Wanzhou detailed a list of emails, notes and other records they are seeking to prove that her rights were violated before her December arrest at Vancouver's airport, according to a court document released on Monday.

SEC fines blockchain company Block.one $24 million over coin offering

Block.one agreed to pay a $24 million civil fine to settle U.S. regulatory charges that the blockchain company conducted an unregistered initial coin offering that raised the equivalent of several billion dollars from June 2017 to June 2018.

WeWork throws in the towel on its ill-fated IPO

WeWork's parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer.

Lloyd's of London to go electronic to compete with low-cost rivals

The Lloyd's of London Ltd [SOLYD.UL] insurance market is planning to launch two electronic exchanges next year as part of a three-year overhaul, it said on Monday, as it seeks to fend off competition from low-cost rivals.

WeWork throws in the towel on ill-fated IPO

WeWork's parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup removed founder Adam Neumann as its chief executive officer.

PayPal to enter China market through local acquisition

U.S. digital money transfer platform PayPal Holdings Inc has obtained Beijing's approval to buy a controlling stake in a domestic payments firm, which would make PayPal the first foreign firm to enter China's payment services market.

U.S. online privacy rules unlikely this year, hurting big tech

A U.S. online privacy bill is not likely to come before Congress this year, three sources said, as lawmakers disagree over issues like whether the bill should preempt state rules, forcing companies to deal with much stricter legislation in California that goes into effect on Jan. 1.

Volocopter eyes launch of its electric helicopter taxis in Singapore

German startup Volocopter said Singapore is emerging as one of the most likely destinations for the commercial launch of its electric helicopters, where it hopes to offer short-hop flights for the price of a limousine ride.

Tencent takes 29% stake in computer games maker Funcom

China's Tencent Holding Ltd has agreed to buy a 29% stake in Oslo-listed computer games developer Funcom , becoming the biggest shareholder, Funcom said on Monday.

Exclusive: Fintech firm Revolut to hire 3500 staff in global push with Visa

British-based digital banking app Revolut is set to hire around 3500 staff as it expands into 24 new markets thanks to a new global deal with payments giant Visa Inc, the two companies said on Monday.

Exclusive: TikTok owner ByteDance's H1 revenue better than expected at over $7 billion - sources

China's ByteDance, owner of video-sharing app TikTok and one of the world's most valuable unicorns, booked revenue of 50-60 billion yuan ($7 billion to $8.4 billion) in a better-than-expected result for the first half, people familiar with the matter told Reuters.

Elon Musk unveils new Mars rocket prototype, expects missions in months

Billionaire entrepreneur Elon Musk has unveiled the latest iteration of his space company's newly assembled Starship, outlining a speedy development timeline for the centerpiece vehicle of SpaceX’s quest to launch humans to the moon and Mars.

German Cops Raid “Cyberbunker 2.0,” Arrest 7 in Child Porn, Dark Web Market Sting

German authorities said Friday they’d arrested seven people and were investigating six more in connection with the raid of a Dark Web hosting operation that allegedly supported multiple child porn, cybercrime and drug markets with hundreds of servers buried inside a heavily fortified military ...

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Motorbike ride sharing alleviates Dhaka traffic chaos

(This September 27 story corrects name of Pathao Chief Executive to Hassan M. Elius, not Hassan Melius, in paragraphs 6, 7.)

Match Group gets DOJ subpoena for documents relating to FTC complaint

Match Group Inc disclosed on Friday it had received a subpoena from the U.S. Department of Justice for documents relating to certain marketing-related claims in the Federal Trade Commission's (FTC) complaint.

Billionaire Slim's telco bullish on coveted Mexico TV license

America Movil, the telecoms giant controlled by the family of billionaire Carlos Slim, is growing increasingly bullish that it will receive a license to offer television in Mexico, a prize that has eluded it for nearly three decades.

Launch of Facebook's Libra could be delayed over regulatory concerns: executive

The launch of Facebook's Libra could be pushed back to tackle the regulatory concerns that have been raised around the world, the head of the organization set up to oversee the cryptocurrency told Reuters.

MyPayrollHR CEO Arrested, Admits to $70M Fraud

Earlier this month, employees at more than 1,000 companies saw one or two paycheck’s worth of funds deducted from their bank accounts after the CEO of their cloud payroll provider absconded with $35 million in payroll and tax deposits from customers. On Monday, the CEO was arrested and alleged...

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EU ready to act alone on digital tax if no global deal in 2020

European Union commissioners-designate said the bloc should agree on a digital tax if no deal on the matter was reached at a global level by the end of next year, ramping up pressure on multinationals accused of paying too little.

Italy's Tod's appoints former Google executive to ramp up digital effort

Italy's Tod's appointed a former Google executive as chief digital and innovation officer to ramp up its ongoing digital transformation, the shoes and leather goods company said on Friday.

Libra coin group in talks with EU regulators, executive tells Reuters

The Libra Association, due to launch and manage the Facebook-led Libra cryptocurrency, is talking to European Union regulators after opposition from Germany and France, its managing director said at one of his first public appearances on the job.

Apple will seek theater deals for movies before streaming: WSJ

Apple Inc plans to take a different path to streaming rival Netflix and allow theatrical releases for some of the feature-length films it has begun producing for its new Apple TV+ service, the Wall Street Journal reported on Friday.

Libra Association in talks with EU regulators, executive tells Reuters

The Libra Association, which will launch and manage the Facebook-conceived Libra cryptocurrency, is in discussions with European Union authorities following opposition voiced by Germany and France, its managing director told Reuters on Friday, at one of his first public appearances on the job.

Russia's Yandex launches video service aimed at rivaling YouTube

Russian internet giant Yandex is launching a video streaming service aimed at rivaling Google's YouTube that will allow users to publish videos on its personal recommendation platform Yandex Zen, the company said on Friday.