UK watchdog wants more detail on Facebook's Libra coin plan

There was "insufficient" detail to understand Facebook's plans to expand into payments and launch its own Libra coin, Britain's Financial Conduct Authority (FCA) said on Tuesday.

Deutsche Telekom wins SK Telecom backing for venture arm; 5G joint venture agreed

Deutsche Telekom's venture capital arm said on Tuesday it was closing its second fund to new money after raising $350 million to invest in software service companies that are powering digital transformation.

Dutch to investigate cause of network outage telecom KPN: Justice minister

Dutch Justice Minister Ferd Grapperhaus on Tuesday said the government will launch an investigation into how an outage at telecom Royal KPN knocked out the national emergency service number for several hours.

Facebook's Libra must obey anti-money laundering rules: French central banker

Facebook's planned global 'Libra' cryptocurrency must respect anti-money laundering regulations and it must seek banking licenses if it offers banking services, France's central bank chief said in a magazine interview.

Russia's Yandex.Taxi likely to issue new shares in IPO, says top shareholder

Russia's largest online taxi service Yandex.Taxi is likely to sell new shares in its planned initial public offering (IPO), an executive at its majority shareholder Yandex told Reuters.

SNB director says 'relaxed' about Facebook’s Libra project

The Swiss National Bank's Thomas Moser, an alternate member of the governing board, said on Tuesday at an event in Switzerland that he is "relaxed" about Facebook Inc's Libra project, adding the company's white paper looked professionally done and its initiators had indicated they wanted to play by ...

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Singapore's Grab invests in London startup Splyt

Singaporean ride-hailing firm Grab has invested in London-based startup Splyt Technologies and extended a partnership between the two companies that will expand the reach of Grab's services beyond Southeast Asia.

China Mobile to set up $4 billion 5G industry fund

China's largest telecommunications operator China Mobile said on Tuesday it will set up a 30 billion yuan ($4.36 billion) 5G industry fund and has already raised the first installment of 7-10 billion yuan.

Israeli urban tech startup Venn raises $40 million

Israel-based social urban planning startup Venn said on Tuesday it raised $40 million in an early financing round.

Deutsche Telekom venture arm closes $350 million fund to new money

Deutsche Telekom's venture capital arm said on Tuesday it was closing its second fund to new money after raising $350 million to invest in software service companies that are powering digital transformation.

Dutch telecom KPN's CEO to leave in September

The chief executive of Dutch telecoms company KPN will leave in September for "family reasons" after a little over a year in the job and return to Italy where he will take charge of the Sky Italia pay television business.

SpaceX launches Falcon Heavy rocket with 24 satellites

SpaceX launched its Falcon Heavy rocket on Tuesday from Kennedy Space Center in Florida, carrying 24 experimental satellites in what Elon Musk's rocket company called one of the most difficult launches it has attempted.

Hackers hit global telcos in espionage campaign: cyber research firm

Hackers have broken into the systems of more than a dozen global telecoms companies and taken large amounts of personal and corporate data, researchers from a cyber security company said on Tuesday, identifying links to previous Chinese cyber-espionage campaigns.

Nokia not immune to impact of trade war uncertainty, says its China president

Finland's Nokia Oyj is not immune from the trade war between the United States and China which has caused economic uncertainty, the company's Greater China president said on Tuesday.

FedEx sues U.S. government over 'impossible' task of policing exports to China

U.S. parcel delivery firm FedEx Corp on Monday sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese companies.

Lawyers for Huawei CFO urge Canada to withdraw extradition proceedings

Lawyers for Huawei's chief financial officer urged Canada's justice minister on Monday to withdraw extradition proceedings against Meng Wanzhou, who has been detained in Vancouver since December on U.S. fraud charges.

Online game helps fight the spread of fake news: study

An online game that allows people to deploy Twitter bots, photo-shop evidence and incite conspiracy theories has proven effective at raising their awareness of "fake news", a study from the University of Cambridge has found.

Factbox: Alphabet unveils Toronto smart city master plan details

Alphabet on Monday released details of a proposed smart city development for Toronto, outlining plans in a 1,500 page document. Sidewalk Labs CEO Dan Doctoroff said at a press conference that Sidewalk Labs, an Alphabet unit, will not disclose personal information to third parties without explicit co...

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Walmart in Mexico launches grocery orders via WhatsApp

Walmart's Mexico unit has begun offering grocery delivery from its Superama stores via messaging service WhatsApp, the retailer said on Monday, in a new stab at attracting shoppers outside bricks-and-mortar supermarkets.

K-Pop's BTS now in your pocket with mobile game

K-Pop stars BTS have conquered the charts with their music and the box office with documentary "Burn the Stage: The Movie," and now they're aiming for mobile phones with the game BTS World.

Beauty retailers fall after Amazon opens store for professionals

Shares of a number of specialized beauty retailers fell on Monday after Amazon.com Inc said it had started selling beauty products used by licensed stylists, barbers and beauticians.

U.S. waives tariffs on Japanese aluminum for Tesla battery cells

The U.S. Commerce Department has agreed to Tesla Inc's request to waive 10 percent tariffs on imported aluminum from Japan used in the manufacture of battery cells at Tesla's Nevada Gigafactory, government documents show.

Alphabet commits to data privacy in Toronto smart city master plan

A high-tech smart city project proposed along Toronto's waterfront by Alphabet Inc unit Sidewalk Labs has pledged not to sell advertisers the personal data collected to serve residents and visitors, as part of a 1,500-page master plan released on Monday.

Dutch emergency services restored after major telecoms outage

A nationwide telecommunications outage in the Netherlands knocked police and emergency numbers offline for roughly four hours on Monday before national carrier Royal KPN NV said service was restored.

Apple says it collects fee on less than 1% of Spotify users

Music streaming service Spotify Technology SA pays Apple Inc a 15% fee on about 680,000 of its 100 million premium customers, Apple disclosed in a response to Spotify's complaint with European antitrust regulators.

Exclusive: Huawei's U.S. research arm builds separate identity

The U.S.-based research arm of China's Huawei Technologies Co Ltd - Futurewei Technologies Inc - has moved to separate its operations from its corporate parent since the U.S government in May put Huawei on a trade blacklist, according to two people familiar with the matter.

Bitcoin trades above $11,000, after 10% weekend jump

Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin.

FedEx confirms Huawei mail ban as new 'mistake' reignites Chinese ire

FedEx Corp has apologized for another Huawei delivery "mistake," reigniting Chinese ire and drawing the fire of state media which suggested the U.S. delivery firm could end up on China's upcoming list of companies that harm national interests.

Dutch telecom KPN says unclear how long network outage may last

Dutch telecommunications company Koninklijke KPN said on Monday it did not know how long a nationwide mobile and fixed-line outage would last.

Facebook's Clegg rejects break-up calls, prefers more regulation

Facebook dismissed calls for a break-up of the world's biggest social network and other big internet companies on Monday, saying this would not tackle issues such as privacy, attempts to influence elections or harmful content.