A leading Indian trader body asked the government on Friday to ban upcoming festive sales on Amazon's local unit and its rival Flipkart, saying their deep discounts violate the country's foreign investment rules for online retail.
Germany against allowing Facebook's Libra in Europe: Der Spiegel
The German government is against giving regulatory approval for Facebook's Libra digital currency in the European Union, Der Spiegel magazine reported on Friday, citing a member of Chancellor Angela Merkel's conservatives.
House panel demands tech company emails in antitrust investigation
A U.S. House of Representatives panel on Friday demanded internal emails, detailed financial information and other company records from Amazon.com Inc. , Facebook Inc , Apple Inc , and Alphabet Inc's Google as its antitrust probe of Big Tech widens.
U.S. sanctions three North Korean-sponsored hacking groups
The U.S. Treasury on Friday announced sanctions on three hacking groups it said were sponsored by North Korea that were allegedly involved in the "WannaCry" ransomware attacks and had perpetrated cyber attacks on critical infrastructure.
Tech companies won't wait for U.S. to act on social media laws, Microsoft's president says
Microsoft Corp President and Chief Legal Officer Brad Smith said on Friday that technology companies are likely to change how they moderate online platforms in response to new laws from foreign governments, regardless of whether U.S. lawmakers act to change a U.S. law that has allowed social media p...
U.S. House panel demands tech company emails in antitrust investigation
A U.S. House of Representatives panel on Friday demanded internal emails and other company records from Amazon.com Inc., Facebook Inc, Apple Inc, and Alphabet Inc's Google as it seeks evidence of anticompetitive behavior.
EU may need to regulate tech giants' data use: EU antitrust chief
The European Union may impose rules to ensure companies that collect data do not misuse it, Europe's antitrust chief said on Friday, signaling how she could use her expanded powers to rein in U.S. tech firms like Facebook and Google.
Spooked by Facebook's Libra, euro zone to step up work on public cryptocurrency
Euro zone governments and central banks are working on a long-term plan to launch a public digital currency that they hope would make redundant projects like Facebook's Libra, which is seen as a risk to financial stability, officials said on Friday.
EU regulators to set high bar to authorise Libra, ECB's Coeure says
European Union regulators will set a high bar on regulatory approvals for virtual currency projects in Europe, including Facebook's Libra, European Central Bank board member Benoit Coeure said on Friday.
Ford, GM rev up electric pickup trucks to head off Tesla
Large pickup trucks that tow most of the profits in to Ford Motor Co and General Motors Co are holdovers from another century - with heavy ladder frames and big internal combustion engines in the front driving the wheels in the back.
France urges EU rules on cryptocurrencies, warns of Libra risks
The European Union should create a common set of rules for virtual currencies, currently largely unregulated in the bloc, to counter risks posed by Facebook's cryptocurrency Libra, France's Finance Minister said on Friday.
France calls for EU rules on virtual currencies
France's Finance Minister Bruno Le Maire said on Friday the European Union should introduce a common set of rules to govern virtual currencies, which are at the moment mostly regulated at national level.
Toyota using Tesla-style Panasonic batteries for China hybrids: sources
Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said.
Toyota using made-for-Tesla Panasonic batteries for China hybrids: Nikkei
Toyota Motor Corp has started using batteries that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, the Nikkei business daily reported on Friday.
California legislature bars facial recognition for police body cameras
California's legislature on Thursday passed a three-year ban on state and local law enforcement from using body cameras with facial recognition software, the latest curb on technology that some say poses a threat to civil liberties.
Skirting U.S. sanctions, Cubans flock to cryptocurrency to shop online, send funds
Jason Sanchez, 35, was able to start buying spare parts online last year for his cellphone repair shop in Havana thanks to the advent of cryptocurrency trading in Communist-run Cuba.
Nestle institute aims to develop packaging of the future
Nestle has set up a research institute to develop more environmentally friendly packaging for its products and reduce plastic waste, taking matters into its own hands rather than relying on its suppliers.
Twitter blocks accounts of Raul Castro and Cuban state-run media
U.S. social media firm Twitter Inc has blocked the accounts of Cuban Communist Party Leader Raul Castro, his daughter Mariela Castro and Cuba's top state-run media outlets, a move the Cuban Union of Journalists denounced as "massive censorship".
Russian social network launches dating app to rival Tinder
Russian social network Vkontakte, owned by internet group Mail.Ru, has launched a dating app to rival popular similar services such as Tinder, Vkontakte said on Thursday.
Three U.S. senators urge Amazon's Bezos to check driver abuse
Three U.S. senators on Thursday said Amazon.com Inc should stop working with delivery contractors that violate labor laws by imposing unfair conditions on drivers delivering packages for the e-commerce company.
U.S. flags Huawei 5G network security concerns to Gulf allies
The United States has raised its concerns with Gulf allies over a possible security risk in using Huawei's technology for their 5G mobile infrastructure, U.S. officials said on Thursday.
China's CNGR to boost output despite bad year for battery market
Chinese electric vehicle (EV) battery material firm CNGR Advanced Material Co is boosting output to seize market share despite a bad year for the sector, a company official said on Thursday.
Uber is sued over resistance to California 'gig' employment law
A driver for Uber has sued the company for misclassifying its drivers as independent contractors, hours after California legislators voted to help thousands of those workers become, and enjoy the benefits of being, employees.
Google to pay $1 billion in France to settle fiscal fraud probe
Google agreed to pay close to 1 billion euros ($1.10 billion) to French authorities to settle a fiscal fraud probe that began four years ago in a deal that may create a legal precedent for other large tech companies present in the country.
Uber is sued over resistance to California 'gig' contractor law
A driver for Uber has sued the company for misclassifying its drivers as independent contractors, hours after California legislators voted to help thousands of those workers become, and enjoy the benefits of being, employees.
Google to pay 465 million euros in additional taxes in France, boosting settlement to 1 billion
Google said on Thursday it agreed to pay 465 million euros in additional taxes to French authorities, boosting the total settlement to end a fiscal fraud probe in the country to nearly 1 billion.
Google agrees to $550 million fine in France to settle fiscal fraud probe
Google agreed to pay a 500 million euro ($548 million) fine in France to settle a fiscal fraud probe that began four years ago, the financial prosecutor's office said on Thursday.
Google wins legal battle with German publishers over fee demands
Google won a legal battle on Thursday after Europe's top court said publishers in Germany could not demand copyright fees since 2013 from the tech firm because the European Commission had not been notified of the German regulation.
Apple's new iPhones shift smartphone camera battleground to AI
When Apple Inc introduced its triple-camera iPhone this week, marketing chief Phil Schiller waxed on about the device's ability to create the perfect photograph by weaving it together with eight separate exposures captured before the main shot, a feat of "computational photography mad science."
Japan's MUFG looks online to boost Africa, Middle East networks
MUFG Bank Ltd plans to roll out an online platform to help clients find business partners in countries outside of Asia where it does not have a strong network, an official with Japan's largest lender said.