DUBLIN (Reuters) - Ireland's government will this week formally submit its appeal against the European Commission's multi-billion-euro demand for back taxes from Apple, Finance Minister Michael Noonan said on Tuesday.
Warburg Pincus to buy stake in United Internet webhosting business
FRANKFURT (Reuters) - Private equity fund Warburg Pincus agreed to buy a third of United Internet's webhosting business 1&1 Internet in a deal valuing the business at 2.55 billion euros ($2.82 billion), the German internet provider said on Tuesday.
UK's National Crime Agency investigating Tesco Bank cyber attack
LONDON (Reuters) - Britain's National Crime Agency (NCA) is leading a criminal inquiry into the theft of money from thousands of Tesco Bank accounts that the UK financial watchdog said was unprecedented.
Toshiba lifts annual profit forecast by 50 percent on strong memory chip demand
TOKYO (Reuters) - Japanese conglomerate Toshiba Corp raised its annual operating profit forecast by 50 percent on Tuesday, saying it expects demand for its NAND flash memory chips to remain strong for the rest of the business year.
Tesla to buy Grohmann Engineering to ramp up automated manufacturing
(Reuters) - Electric carmaker Tesla Motors Inc said on Tuesday it would buy German firm Grohmann Engineering to improve its automated manufacturing systems.
EU pledges 400 million euros to boost startups
LISBON (Reuters) - The European Union launched a venture capital fund of 400 million euros ($442 million) on Tuesday aimed at helping regional startups grow and address a capital shortage in Europe for such firms compared with the United States.
After cyber attacks, Internet of Things wrestles with making smart devices safer
SINGAPORE/TAIPEI (Reuters) - Recent cyber attacks harnessing everyday devices such as cameras, video recorders, printers, routers and speakers are a wake-up call to the hidden dangers of the Internet of Things.
After Uber case, UK union pushes for pay deal at Deliveroo
LONDON (Reuters) - A trade union is seeking recognition from British food delivery firm Deliveroo to allow it to negotiate a collective pay deal for its drivers, in the latest push for greater employment rights that could hit the flourishing 'gig economy'.
Too early to say how thefts occurred at Tesco Bank: UK watchdog
LONDON (Reuters) - The theft of money from accounts at Tesco bank is unprecedented in Britain and how it happened is still unknown, Britain's financial watchdog said on Tuesday.
Ford to invest $195 million in new technology center in India
MUMBAI (Reuters) - Ford Motor Co is investing 13 billion rupees ($195 million) over the next five years in a technology and business center in the Indian city of Chennai to develop new products, design mobility solutions and provide business services.
Asia financial body says China cyber security law could make risk management harder
HONG KONG (Reuters) - The chief of one of Asia's most prominent financial trade bodies on Tuesday said new cyber security rules in China could make it harder for foreign companies operating in the country to manage risk as cyber threats become increasingly cross-border.
China regulator warns e-commerce firms on 'Singles Day' sales tactics
SHANGHAI (Reuters) - China's business regulator said it has warned leading online shopping companies, including Alibaba Group Holding and JD.com, against adopting dodgy sales tactics at the upcoming "Singles Day" festival, China's biggest shopping day of the year.
Bangladesh central bank team in Manila to retrieve cyber heist funds
(Reuters) - A Bangladesh central bank team arrived in Manila on Monday to work on moving back part of the $81 million stolen from its account in the New York Federal Reserve in February and sent to the Philippines, a Bangladeshi official said.
Facebook takes on LinkedIn with new job opening features
(Reuters) - Facebook Inc said on Monday, it was testing a feature that would let page administrators create job postings and receive applications from candidates, a move that could pressure LinkedIn Corp's recruiting business. "Based on behavior we've seen on Facebook, where many small businesses po...
South Korea prosecutors raid Samsung Electronics in probe over scandal: Yonhap
SEOUL (Reuters) - South Korean prosecutors raided the offices of Samsung Electronics on Tuesday as part of a probe over a political scandal involving President Park Geun-hye and her friend who is alleged to have exerted improper influence in state affairs, Yonhap news agency reported.
Priceline revenue jumps 19 percent as hotel bookings rise
(Reuters) - Travel website operator Priceline Group Inc reported a 19 percent jump in quarterly revenue, driven by higher hotel bookings, sending its shares up 14 percent in extended trading.
NBCUniversal in deal to sell ads for Apple News
(Reuters) - Comcast Corp's NBCUniversal will begin selling ads for Apple Inc’s News app next year in an exclusive deal, the companies announced on Monday.
Wal-Mart Pay in talks with several mobile wallet companies
CHICAGO (Reuters) - Wal-Mart Stores Inc is in talks with several mobile wallet companies to offer more payment options in its Wal-Mart Pay app, an executive at the world's largest retailer said, after signing up JPMorgan Chase & Co last week.
UK privacy watchdog threatens Facebook with action over WhatsApp data
BRUSSELS (Reuters) - The British privacy watchdog on Monday threatened Facebook with enforcement action if the company used data from WhatsApp users without consent, adding that the social media giant had agreed to suspend using UK users' data.
Facebook partners with news outlets for Election Day live video blitz
NEW YORK (Reuters) - Facebook said on Monday it would partner with 50 broadcast stations, print and online publications for an Election Day live video blitz, as the social media company aims to build on the momentum of its popular Facebook Live video streaming service.
U.S. telecom firm Windstream to buy EarthLink
(Reuters) - Windstream Holdings Inc said on Monday it would buy fellow U.S. telecommunications company EarthLink Holdings Corp in a deal valued at about $1.1 billion, including debt, in a bid to cut costs and better compete with rivals.
Brazil mulls steps to speed up Oi intervention, papers say
SAO PAULO (Reuters) - The Brazilian government is considering changes to the country's bankruptcy protection law to facilitate an intervention in Oi SA, whose in-court reorganization process is suffering with internal shareholder and creditor disputes, two local newspapers reported on Monday.
China's LeEco to slow pace of growth, faces 'big company disease': CEO
Jia Yueting, co-founder and head of Le Holdings Co Ltd, also known as LeEco and formerly as LeTV, poses for a photo in front of a logo of his company after a Reuters interview at LeEco headquarters in Beijing, China, picture taken April 22, 2016. REUTERS/Jason Lee
Ubisoft CEO reiterates desire to keep group independent, eyes Netflix series
Yves Guillemot, CEO of Ubisoft, speaks on stage during the Ubisoft E3 conference at the Orpheum theatre in Los Angeles, California June 15, 2015. REUTERS/Mario Anzuoni
Tesco Bank stops online transactions after 20,000 hit by fraud
LONDON (Reuters) - Tesco Bank's chief executive said on Monday that it was temporarily stopping online transactions after about 20,000 customers had money removed from their accounts after an attack by fraudsters over the weekend.
Eye-tracking firm Tobii to raise cash for virtual reality, smartphone investments
STOCKHOLM (Reuters) - Swedish firm Tobii on Monday announced plans to raise 450 million crowns ($50 million) in a rights issue to invest in technology for virtual reality and smartphones.
SoftBank third-quarter profit rises 6.8 percent on strong domestic telecoms business
TOKYO (Reuters) - Japan's SoftBank Group Corp reported on Monday a 6.8 percent rise in operating profit for the July-September quarter, thanks to a strong showing by its domestic telecommunications business.
'Prince' of Baidu, tipped for top role, resigns after probe: sources
BEIJING (Reuters) - A top Baidu Inc executive, widely seen as a potential successor to chief executive Robin Li, has resigned after an internal company probe found conflicts of interest involving another firm acquired by the Chinese search engine giant.
China adopts controversial cybersecurity law: Xinhua
BEIJING (Reuters) - China's parliament adopted a controversial cybersecurity law on Monday, the official Xinhua news agency said, a move likely to trigger concern from foreign governments, business communities and rights groups.
Exclusive: Singulato is China's latest e-car newcomer to rev up with big fundraising
BEIJING (Reuters) - Little-known Chinese electric car start-up Singulato Motors is expected to say this week it raised around $600 million in a second fundraising - the latest such move illustrating China's headlong 'gold rush' into all-electric battery cars.