ZURICH (Reuters) - Switzerland proposed on Wednesday a light-touch regulatory regime for financial technology (fintech) companies that the government said could bolster business and competitiveness.
Alibaba-backed Lazada to buy Singapore online grocer RedMart
SINGAPORE (Reuters) - Lazada Group, a southeast Asian e-commerce company backed by Alibaba Group Holding Ltd, agreed to buy Singapore-based online grocer RedMart, the two companies said in a statement on Wednesday.
Square hikes 2016 forecast, third quarter revenue rises more than expected
(Reuters) - Square Inc , the mobile payments company co-founded and run by Twitter Inc Chief Executive Jack Dorsey, reported a higher-than-expected 32.2 percent jump in quarterly revenue as it processed more transactions.
Uber partners with GM's Maven car-sharing program
SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] said on Tuesday it would partner with car-sharing service Maven, operated by General Motors, to allow Uber drivers to rent GM vehicles on a weekly basis.
Microsoft says Russia-linked hackers exploiting Windows flaw
(Reuters) - Microsoft Corp said on Tuesday that a hacking group previously linked to the Russian government is behind recent cyber attacks that exploit a newly discovered flaw in its Windows operating system.
Videogame publisher EA's holiday-quarter sales forecasts misses estimates
(Reuters) - Video-game publisher Electronic Arts Inc's revenue forecast for the key holiday-shopping quarter was slightly below analysts' estimates, amid expectations of heavy competition from other games releasing around the same time.
Discovery signs partnership with streaming service BAMTech
NEW YORK (Reuters) - Discovery Communications Inc and video-streaming firm BAMTech will form a joint venture to provide back-end technology for content owners, broadcasters and other platforms throughout Europe, the companies said on Tuesday.
Broadcom nears deal to buy Brocade: sources
SAN FRANCISCO - Chipmaker Broadcom Ltd is nearing a deal to acquire network gear maker Brocade Communications Systems Inc in a deal that could be announced later this week, people familiar with the matter said on Tuesday.
Tesla, SolarCity shares fall ahead of merger details
SAN FRANCISCO (Reuters) - Shares of Tesla Motors Inc and SolarCity Corp tumbled on Tuesday ahead of expected financial details from the electric carmaker on a pending $2.6 billion merger that has been met with widespread investor skepticism.
Instagram to test new shopping feature
(Reuters) - Facebook Inc's Instagram said that it will start tests next week on a new shopping feature through which users can buy products from U.S.-based retailers via the photo-sharing app.
Hulu signs deals with Disney, Fox for new streaming TV service
NEW YORK (Reuters) - Video website Hulu on Tuesday announced deals to add programing from Twenty-first Century Fox and Walt Disney Co to a streaming TV service that it plans to offer in early 2017.
Ex-AOL, Yahoo executive appointed Ripple CEO
NEW YORK (Reuters) - U.S.-based financial technology start-up Ripple announced on Tuesday its Chief Executive Officer Chris Larsen has decided to step down and will become the company's executive chair.
Toyota to pilot Smart Key Box technology with ride-hailing start-up
TOKYO (Reuters) - Toyota Motor Corp will pilot its new Smart Key Box technology in fleets used by U.S. car-sharing service Getaround next year, stepping up its push to benefit from new mobility services seen by some as a threat to traditional car ownership.
Hedge fund raided by the FBI? There's an app for that
NEW YORK (Reuters) - An agent from the Federal Bureau of Investigation approaches a hedge fund trader as he leaves the office, wanting to ask a few questions. Nervous about saying no to an official, the trader dishes, and information he provides is later used against him.
Samsung Electronics to invest more than $1 billion in U.S. chip production
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Tuesday it plans to invest more than $1 billion by end-June 2017 to boost production of system chips at its Austin, Texas, facilities to meet growing demand.
Airbnb tells China users personal data to be stored locally
BEIJING (Reuters) - U.S. short-term rental company Airbnb Inc has told Chinese users that it will store their personal data locally as foreign tech companies operating in China respond to increasing regulatory pressure.
Lisbon startup entrepreneurs aim to create Berlin-style 'tech buzz'
LISBON (Reuters) - Near a former red-light district around Lisbon's old Cais do Sodre docks, scores of young entrepreneurs are trying to leave depressing economic times behind and turn Portugal's capital into a hive for tech startups.
Former Tata chairman says allegations of Docomo issue mishandling baseless
MUMBAI (Reuters) - Tata Sons ousted Chairman Cyrus Mistry said on Tuesday that any insinuation that he had mis-handled a drawn out dispute with its Japanese telecom partner NTT DoCoMo Inc were baseless, ratcheting up the war of words between the two feuding sides.
Britain to spend 1.9 billion pounds on boosting cyber defenses
LONDON (Reuters) - Britain will boost its cyber security defenses with a 1.9 billion pound ($2.32 billion) investment due to be announced by Finance Minister Philip Hammond later on Tuesday, a statement from the Treasury said.
Sharp forecasts first annual operating profit in three years
TOKYO (Reuters) - Japan's Sharp Corp on Tuesday forecast its first annual operating profit in three years after its new owner, Taiwan's Foxconn, cut jobs and sold off loss-making television factories in the North America to trim costs.
Sony reports second quarter operating profit plunge as quake impact lingers
TOKYO (Reuters) - Japan's Sony Corp on Tuesday reported a 48 percent decline in operating profit for the July-September quarter as earthquake damage continued to affect its cash-cow imaging sensor business.
Alibaba's finance arm Ant says to expand in Asia first
HONG KONG (Reuters) - Ant Financial Services Group, the world's biggest financial technology company, plans to focus its expansion plans in Asia before looking to go more global, a senior official said on Tuesday at an event in Hong Kong.
Panasonic shares plunge after heavy spending causes weaker outlook
TOKYO (Reuters) - Panasonic Corp shares plunged on Tuesday as investors reacted to a sharp downward revision of the electronics maker's profit forecast, brought about by heavy spending to build its automotive battery business.
Samsung Electronics CEO says firm must learn from crisis
SEOUL (Reuters) - Samsung Electronics Co Ltd Chief Executive Kwon Oh-hyun on Tuesday said the South Korean tech giant must improve, as it reels from the costly withdrawal of its Galaxy Note 7 smartphone.
Women executives left Yahoo amid layoffs, deal talk
(Reuters) - Women executives left Yahoo Inc at an unusually high rate after the U.S. technology company announced plans to sell itself earlier this year, but it was not immediately clear why, according to the company's 2016 diversity report, released on Monday.
BlackBerry in software deal with Ford, first with an automaker
TORONTO/BOSTON (Reuters) - BlackBerry Ltd has signed a deal to work directly with Ford Motor Co to expand the carmaker's use of its QNX secure operating system, the Canadian technology company said on Monday, as Ford develops increasingly automated vehicles.
Airbnb, New York in talks to resolve rental law lawsuit: source
NEW YORK (Reuters) - Airbnb Inc and New York state are in talks to resolve a lawsuit brought by the company challenging a law it says could expose it to significant penalties for advertising short-term apartment rentals, a person familiar with the matter said on Monday.
Palantir wins combat data system case against US Army: Bloomberg
(Reuters) - A unit of Peter Thiel's Palantir Technologies Inc has got a second chance to bid for a contract to build the next phase of the U.S. Army's integrated combat data system, potentially worth hundreds of millions of dollars, Bloomberg reported on Monday.
Hackforums Shutters Booter Service Bazaar
Perhaps the most bustling marketplace on the Internet where people can compare and purchase so-called “booter” and “stresser” subscriptions — attack-for-hire services designed to knock Web sites offline — announced last week that it has permanently banned the sale...
Hackforums Shutters Booter Service Bazaar
Perhaps the most bustling marketplace on the Internet where people can compare and purchase so-called “booter” and “stresser” subscriptions — attack-for-hire services designed to knock Web sites offline — announced last week that it has permanently banned the sale...