Chipmaker TowerJazz second-quarter profit drops less than forecast, to expand capacity

Chip manufacturer TowerJazz posted a drop in second quarter profit as revenue fell due to a price cut for a renewed contract, and said it would invest $100 million to expand production capacity at a plant in Japan to meet growing demand.

Grab commits $2 billion to Indonesia with SoftBank's backing

Southeast Asian ride-hailing firm Grab on Monday said it will invest $2 billion into Indonesia over five years using capital from Japan's SoftBank Group Corp, marking its biggest commitment in the region's most populous market.

Chipmaker TowerJazz second-quarter profit tops forecast, to expand capacity

Israeli chip manufacturer TowerJazz reported a less than expected drop in second quarter profit and said it would invest $100 million to expand production capacity at a plant in Japan to meet growing demand.

African cattle investing - the new cash cow?

Cattle have long been considered a measure of wealth across Africa - but it is not just farmers cashing in.

Deal-hungry Takeaway.com delivers $10 billion Just Eat takeover

Amsterdam-based online food delivery firm Takeaway.com has agreed to buy Just Eat in an all-share deal valuing the combined group, which will be one of the sector's largest, at about 8.2 billion pounds ($10.1 billion).

Grab to invest $2 billion in Indonesia using funds from SoftBank

Southeast Asian ride-hailing firm Grab on Monday said it will invest $2 billion into Indonesia over five years using capital received from Japan's SoftBank Group Corp, which wants to increase its exposure to the region's most populous market.

Just Eat and Takeway.com agree terms of $10 billion merger

European online food delivery rivals Takeaway.com and Just Eat said on Monday they had agreed in principle to create one of the largest players in the sector globally through an 8.2 billion pounds ($10.1 billion) all-share deal.

From Belarus to Bahrain, the small states going big on cryptocurrency

When Belarusian President Alexander Lukashenko met entrepreneur Viktor Prokopenya in March 2017, their discussion was scheduled to last for an hour but went on for three times that long.

Grab says to invest $2 billion in Indonesia using funds from SoftBank

Southeast Asian ride-hailing firm Grab on Monday said it will invest $2 billion into Indonesia over five years using capital received from Japanese technology investor SoftBank Group Corp.

SoftBank Group CEO says to invest $2 billion in ride-hailing app Grab

Japan's SoftBank Group Corp will invest $2 billion in ride-hailing app Grab, its chief executive, Masayoshi Son, told reporters in Jakarta on Monday.

France urges Trump: 'Don't mix digital taxes and wine tariffs'

Finance Minister Bruno Le Maire said on Saturday that France would proceed with taxing revenues of big technology firms and urged the United States not to bring trade tariffs into the debate on how to fairly raise levies on digital services.

France tells Trump: Don't mix digital taxes and wine tariffs

Finance Minister Bruno Le Maire said on Saturday France would proceed with its tax on the revenues of big technology firms and urged the United States not to bring trade tariffs into the debate on how to fairly raise levies on digital services.

Sprint, T-Mobile win U.S. antitrust approval for $26 billion merger

T-Mobile US Inc won U.S. antitrust approval for its $26 billion takeover of rival Sprint Corp, the Justice Department said Friday, clearing a major hurdle to a deal that merges the nation's third and fourth largest wireless carriers.

Craigslist founder, Facebook's ex-security chief team up over 2020 online fears

The project by Facebook Inc former chief security officer Alex Stamos to battle online abuses has received $5 million from Craigslist founder Craig Newmark, the Stanford Internet Observatory said this week.

France's Macron discussed need for broad digital tax deal with Trump: Elysee

France's Emmanuel Macron discussed the need for an international agreement on taxing digital service companies with U.S. President Donald Trump in a call on Friday, the French president's office said.

Trump says U.S. could tax French wine in retaliation for digital tax

U.S. President Donald Trump said on Friday the United States would hit France shortly with a "substantial reciprocal action" - and warned a new American tax on French wine was possible - after Paris announced a tax aimed at U.S. technology companies.

Trump says he expects Apple to announce it will build plant in Texas

U.S. President Donald Trump said on Friday he wanted Apple Inc to build its plants in the United States and expects the technology firm to announce it will build one in Texas.

Elon Musk's Boring Co raises about $117 million in latest funding round

Elon Musk's Boring Co raised about $117 million in its latest round of funding from 20 unnamed investors after offering to sell about $120 million in equity, the company disclosed in a regulatory filing on Friday.

U.S. tax collectors urge owners of virtual currencies to pay back taxes, file amended returns

The U.S. Internal Revenue Service on Friday said it was sending thousands of letters to taxpayers who failed to report virtual currency transactions, saying they may owe taxes.

Dish Network has tough road to become competitive mobile carrier

Dish Network's bid to become a fourth U.S. mobile carrier may cost billions more than it expected and pits it against corporate giants, but the satellite TV provider has an advantage in starting fresh, with no legacy technology to maintain, and deep-pocketed potential partners are standing by.

Trump says U.S. to hit France with 'substantial' action for digital tax

U.S. President Donald Trump said on Friday the United States would hit France shortly with a "substantial reciprocal action" after Paris announced a tax aimed at U.S. technology companies.

Cloud company Datadog hires banks for IPO: sources

Datadog Inc, the cloud monitoring company whose investors include a wealth manager for Facebook Inc Chief Executive Mark Zuckerberg, has hired investment banks for its initial public offering (IPO), according to people familiar with the matter.

TIM, Vodafone agree merger of mobile masts, 5G partnership in Italy

Italy's biggest phone group Telecom Italia and rival Vodafone agreed on Friday to merge their mobile tower infrastructure and to jointly roll out 5G in Italy.

U.S. Department of Justice approves T-Mobile, Sprint tie-up

The U.S. Justice Department said it was greenlighting T-Mobile US Inc's request to acquire rival Sprint Corp after the companies agreed to divest Sprint's prepaid businesses including Boost Mobile to Dish Network Corp in an effort to create a new wireless competitor.

Trump warns Google after Treasury chief says no concerns on China

U.S. President Donald Trump on Friday kept up his pressure on global tech giant Google days after his Treasury secretary ruled out any national security concerns over the company's work in China.

Twitter shares jump 10% on solid user growth, revenue beat

Twitter Inc on Friday reported better-than-expected second-quarter revenue as design changes to its microblogging website attracted more users and advertisers, sending its shares up 10%.

U.S. to deny tariff relief for Apple Mac Pro parts from China: Trump

U.S. President Donald Trump on Friday said his administration would not grant Apple Inc any relief for tariffs on Chinese-made parts for its Mac Pro computer.

Vodafone to set up 18 bln euro European mobile mast company with IPO potential

Britain's Vodafone will separate its mobile masts in Europe into a new company worth upwards of 18 billion euros ($20 billion) with a view to listing a minority stake.

U.S.-China tensions weigh on Huawei's ties with partners FedEx, Flex

U.S. FedEx Corp on Friday again apologized and blamed Washington's ban on Huawei for being "unclear" as Beijing deepened an investigation into why the delivery firm was holding up packages meant for the telecoms equipment maker.

Alphabet shares jump 9% on ad rebound, cloud promise

Shares of Alphabet Inc rose nearly 9% in premarket trading on Friday, after the company handily beat Wall Street targets on higher ad sales and touted growth at its cloud unit, a high-margin business it is leaning more on to drive growth.