Philippines to allow China-backed telco to build towers on military bases

The Philippine military agreed on Wednesday to allow a new cellphone network powered by a Chinese state telecoms giant to install communications equipment on its army bases, despite concerns among some lawmakers about possible espionage.

Apple's new, lower priced iPhone draws tepid response in Asia

Apple Inc's new, lower priced iPhone that comes with a faster processor but lacks 5G technology disappointed Asia, where cheaper and feature-packed handsets from rivals are already available.

Naspers spin-off Prosus surges 25% on market debut in Amsterdam

Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday.

Intel to use Tokyo Olympics to show off 3D tracking, other new tech

Tech giant Intel Corp said on Wednesday it will use the Tokyo 2020 Olympic Games to show off a portfolio of new technology including artificial intelligence driven 3D tracking of athletes to augment broadcasts of events during the Games.

Facebook's Libra seeks Swiss payment system license

Facebook's Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight.

China's JD.com reloads deal-making with investment head appointment

China's second-largest e-commerce firm JD.com Inc has appointed Jason Hu, a former managing director at Chinese private equity firm CDH Investments, as head of strategic investment to oversee deals both at home and overseas.

Facebook's Libra seeks payment system license from Swiss FINMA

The Facebook-led Libra cryptocurrency project is seeking a payment system license under Swiss financial watchdog FINMA, it said on Wednesday, spelling out in more detail how it hopes to be regulated.

Tepid reaction for Apple's new iPhones in China amid tough competition

A lower price tag and new features may not be enough for Apple Inc to win customers for its newly-launched iPhone 11 series in China, the world's largest smartphone market that is already crowded with cheaper and feature-packed rival handsets.

Exclusive: Grab in talks to merge Indonesian payment firms to overtake Gojek - sources

SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter said.

China's JD.com appoints PE veteran as strategic investment head: sources

China's second-largest e-commerce firm JD.com Inc has hired Jason Hu, a former managing director at Chinese private equity firm CDH Investments, as head of strategic investment to oversee deals both at home and overseas, three sources said.

WeWork presses on with IPO, pushing SoftBank into a corner

Office-sharing startup WeWork is pressing ahead with plans to go public despite lukewarm interest in its shares, three sources said, leaving its largest investor, SoftBank Group , with a stark choice: take a haircut or pony up even more cash.

Patch Tuesday, September 2019 Edition

Microsoft today issued security updates to plug some 80 security holes in various flavors of its Windows operating systems and related software. The software giant assigned a “critical” rating to almost a quarter of those vulnerabilities, meaning they could be used by malware or miscrean...

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Apple reveals triple-camera iPhone; $5 monthly streaming TV undercuts Disney

Apple Inc on Tuesday revealed a triple-camera iPhone, matching a feature rivals already have, and rolled out a streaming TV service priced to undercut Disney and Netflix.

Factbox: Apple's streaming TV service to cost $4.99/month; unveils new iPhones

Apple Inc on Tuesday launched a new streaming TV service, which will showcase original shows at a monthly price of $4.99, and unveiled three iPhone models featuring new camera systems.

Factbox: Apple's streaming TV service to cost $4.99/month; unveils iPhone 11

Apple Inc on Tuesday launched a new streaming TV service, which will showcase original shows at a monthly price of $4.99, and unveiled one of its new iPhones and iPad as well as updates for its Watch.

Apple reveals triple-camera iPhone, undercuts Disney streaming TV price

Apple Inc revealed on Tuesday that its streaming TV service will kick off Nov. 1 and cost $4.99 a month and new cameras for the latest iPhones, as the tech giant reaches a turning point where it focuses as much on services as its hardware and software.

Global money-laundering watchdog closely monitoring Facebook's Libra, official says

The global anti-money laundering watchdog is closely monitoring developments on Facebook's planned Libra cryptocurrency, its new head told Reuters on Tuesday, in the latest sign of growing regulatory scrutiny of the project.

Apple leans on devices business in global battle against Disney, Netflix

Apple Inc , the company that transformed the music, mobile and personal computing industries, is relying on the ubiquity of its iPhones and iPads to take on Disney and Netflix in the battle for streaming TV customers.

IBM, Fraunhofer partner on German-backed quantum computing research push

IBM is joining forces with a German research institute to explore the potential of quantum computing, backed by a government plan to invest 650 million euros ($717 million) over two years in wider research in the field.

Factbox: Apple's streaming service to cost $4.99/month; unveils new iPad, updates Watch

Apple Inc on Tuesday launched a new streaming TV service, which will showcase original shows at a monthly price of $4.99, and unveiled a new iPad and updates for its Watch.

Apple reveals streaming service price, new cameras for iPhones

Apple Inc revealed on Tuesday that its streaming TV service will kick off Nov. 1 and cost $4.99 a month, as the tech giant reaches a turning point where it focuses as much on services as its hardware and software.

Tearful Ma bids Alibaba farewell with rock star show

A tearful Jack Ma formally left Alibaba on Tuesday, donning a guitar and a rock star wig at an event for thousands of employees of the e-commerce giant he founded 20 years ago in a small shared apartment in Hangzhou city in eastern China.

Apple to reveal streaming service prices while iPhones in 'holding pattern' until 5G

Apple Inc kicked off Tuesday its presentation where it is expected to announce pricing for its forthcoming streaming TV service as well as updates to its iPhone lineup, as the tech giant reaches a turning point where it focuses as much on services as its hardware and software.

Daimler to source battery cells from Farasis Energy

Daimler has struck a deal to buy lithium ion battery cells from Farasis Energy, a Chinese-American supplier that is building a factory in east Germany to help Mercedes-Benz ramp up electric vehicle production, it said on Tuesday.

WeWork IPO valuation may dip below $20 billion in fresh blow to leading investor SoftBank

WeWork owner The We Company is considering slashing the valuation of its planned stock market launch to below $20 billion, two people familiar with the matter said, the latest blow to leading tech investor SoftBank Group after limp flotations of Uber and Slack .

Germany pumps 650 million euros into IBM quantum computing alliance

IBM is joining forces with a German research institute to explore the potential of quantum computing in a project that the government in Berlin will back to the tune of 650 million euros ($717 million) over two years.

Facebook bans self-harm images in fight against suicide

Facebook Inc will no longer allow graphic images of self-harm on its platform as it tightens its policies on suicide content amid growing criticism of how social media companies moderate violent and potentially dangerous content.

WeWork IPO valuation could dip below $20 billion, clouding SoftBank's vision

WeWork owner The We Company is considering slashing the valuation of its planned stock market launch to below $20 billion, two people familiar with the matter said, the latest blow to leading tech investor SoftBank Group after limp flotations of Uber and Slack .

Amazon.com brings Prime service to Brazil; local retail shares drop

Amazon.com Inc said on Tuesday it will launch its Prime subscription service in Brazil, where it has struggled against tough local competition in Latin America's largest economy.

Ford makes big electric push in Europe with new launches

Ford Motor Co said on Tuesday it would launch eight electric vehicles in Europe this year, a key step in its target of achieving a majority of its overall sales from electric cars by the end of 2022.