Samsung to launch Galaxy Fold in South Korea on Sept. 6 priced $2,000

Samsung Electronics Co Ltd on Thursday said its first foldable smartphone, the Galaxy Fold, will be available in South Korea from Sept. 6 with fifth-generation (5G) mobile connectivity.

Ericsson's CEO tells staff report of his imminent exit is incorrect

Swedish telecom equipment maker Ericsson's CEO Borje Ekholm told employees in an internal note this week that a recent media report of his imminent replacement was incorrect, a company spokesman said.

Prudential buys Assurance IQ for $2.35 billion in new tech bet

Prudential Financial Inc is set to buy online insurance startup Assurance IQ Inc for $2.35 billion, the latest in a series of moves by traditional insurers to up investment in technology and data crunching by buying Silicon Valley startups.

WeWork considers slashing IPO valuation amid pushback: sources

WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) at a little over $20 billion, less than half the $47 billion valuation it achieved in a private fundraising round in January, people familiar with the matter said on Thursday.

House panel to discuss Big Tech's impact on privacy, antitrust

The House of Representatives' antitrust panel will hold a hearing next week to discuss the effect of consumer data collection by big tech platforms, like Alphabet's Google and Amazon , on online competition.

Italy government approves use of special powers over 5G supply deals

Italy's new government approved on Thursday the use of special powers in deals to purchase goods and services related to 5G technologies signed by a number of domestic telecoms group with suppliers including China's Huawei and ZTE Corporation.

Facebook launches dating service in United States

Facebook Inc is launching its dating services in the United States, the social network said on Thursday, sending its shares up 2%.

Slack shares tumble after dismal forecast

Shares of Slack Technologies Inc tumbled 14%, wiping out nearly all their gains since the company's listing in July, after the workplace messaging firm warned of slower revenue growth amid intensifying competition.

Yahoo down for six hours, users vent out on Twitter

Thousands of Yahoo email users took to Twitter on Thursday to complain that the internet company's services have been unavailable for more than six hours.

GM will use Google to power future infotainment systems

General Motors Co will use embedded Google technology to power navigation, voice activated controls and other vehicle infotainment functions starting in 2021, in a win for Alphabet Inc in the race with Amazon.com and other technology companies to control dashboards.

Facebook launches dating service in U.S

Facebook Inc is launching dating services in the United States, the social network said on Thursday.

Japan's Rakuten to delay launch of wireless carrier service by six months: Nikkei

Japan's Rakuten plans to push back the start of wireless carrier services by six months, hampered by delays in building out its network, the Nikkei business daily reported on Thursday.

Russia's Rostec sells stake in firm hit by sanctions over turbines scandal

Russian conglomerate Rostec has sold its stake in a sanctioned technology company that was embroiled in a scandal over the installation in annexed Crimea of turbines made by Germany's Siemens , Rostec told Reuters on Thursday.

WeWork seeks $20 billion-$30 billion in IPO valuation: Bloomberg

WeWork owner The We Company is targeting an initial stock market valuation of less than half of estimates from earlier this year, according to a report on Thursday, another sign of growing skepticism among investors about big but unprofitable technology names.

Sony appeals to film lovers with slimline Xperia 5 smartphone

Sony launched the Xperia 5, a slimline version of its flagship smartphone, at the IFA consumer electronics fair in Berlin on Thursday as it seeks to strengthen its appeal to its niche audience of video, film and music lovers.

Mobile marketing firm AppLovin invests in game studios

AppLovin Corp, the U.S. mobile marketing firm backed by private equity firm KKR & Co Inc, said on Thursday it has invested in several gaming studios, as it adds to its library of games ahead of a potential initial public offering.

Mubadala expected to invest in Vision Fund 2 in fourth quarter: sources

Abu Dhabi state fund Mubadala Investment Company is expected to invest in Japanese group SoftBank's Vision Fund 2 in the fourth quarter of 2019, which will focus on technology projects, two sources familiar with the matter told Reuters.

WeWork seeks $20 billion-$30 billion in IPO valuation: Streetinsider citing Bloomberg

WeWork owner The We Company is seeking a valuation of between $20 billion and $30 billion in its planned initial public offering, Streetinsider.com reported on Thursday, citing Bloomberg, well below the $47 billion it was worth at the start of the year.

Facebook's Libra falls into 'big gap' in EU rules: regulator

Facebook's proposed Libra cryptocurrency falls into a "big gap" in European Union financial regulation at a time when the bloc's ability to tackle money laundering is already stretched, a top EU regulator said on Thursday.

Slack shares tank after dismal forecast

Shares of workplace messaging company Slack Technologies Inc were set for their worst day since the company made its stock market listing in June, after it flagged slower revenue growth amid intensifying competition.

Bosch seals car battery deal with China's CATL in hybrid drive

Germany auto supplier Robert Bosch is teaming up with Chinese battery cell producer Contemporary Amperex Technology Co (CATL) to develop high-performance battery cells.

Prudential to buy Assurance IQ for $2.35 billion to widen customer base

U.S. insurer Prudential Financial Inc has agreed to acquire online insurance startup Assurance IQ Inc for $2.35 billion, as it looks to tap into a wider base of consumers who purchase policies online.

Apple places $7 billion in return to bond market

Apple Inc said on Thursday it had sold $7 billion of bonds at yields ranging up to 103 basis points over the equivalent U.S. Treasury on maturities of up to 30 years, its first such debt issues since November 2017.

Prudential to buy online startup Assurance IQ for $2.35 billion: WSJ

Prudential Financial Inc has agreed to acquire online startup Assurance IQ Inc for $2.35 billion, the Wall Street Journal reported on Thursday, citing executives of the U.S. insurer.

China's Weibo takes down Instagram-like app after logo plagiarism spat

Chinese microblogging website Weibo Corp has taken down an Instagram-like app just three days after its launch and apologised following accusations of plagiarism about the app's logo, a stumble in efforts to find new sources of growth.

Sinochem unit discussing blockchain platform with Shell, Macquarie: sources

Sinochem Energy Technology Co Ltd, a subsidiary of state oil and chemicals firm Sinochem Group, is in talks with Royal Dutch Shell and Macquarie Group to build an energy blockchain platform, three Beijing-based industry sources said.

Orange stops broadcasting Altice's TV channels via its boxes

Orange, France's biggest telecoms operator, stopped broadcasting free of charge TV channels controlled by rival Altice Europe in France on Thursday morning as a dispute on fees intensified, a spokesman said.

Yahoo experiences outage across its services, several users impacted

Yahoo said it suffered an outage on Thursday across its services, including Yahoo Mail.

China's Weibo takes down Instagram-like app after logo plagiarism controversy

Chinese microblogging website Weibo Corp has taken down an Instagram-like app just three days after its launch and apologized following accusations of plagiarism about the app's logo, in a stumble for efforts to find new sources of growth.

Deutsche Telekom 5G network goes live in 5 German cities

Deutsche Telekom said on Thursday its 5G mobile network had gone live in five German cities, timing the launch for maximum impact on the opening day of the IFA consumer electronics fair in Berlin.