Facebook called before Senate panel over digital currency project

Facebook Inc's plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.

Senate panel to examine Facebook digital currency project

The U.S. Senate Banking Committee will discuss Facebook's proposed cryptocurrency at a July 16 hearing, the panel announced Wednesday.

U.S. video streaming app YouNow files cryptocurrency offering with SEC

U.S. live video streaming company YouNow on Wednesday filed with the Securities and Exchange Commission a public offering circular to distribute its own digital currency called Props.

IBM to win unconditional EU okay for $34 billion Red Hat deal: sources

U.S. tech giant International Business Machines Corp is set to secure unconditional EU approval for its $34 billion bid for software company Red Hat, people familiar with the matter said on Wednesday.

Apple says iPhones can now be fixed at all U.S. Best Buy stores

Apple Inc and Best Buy Co Inc said on Wednesday that they have extended a partnership that will allow the Minneapolis-based retailer's technicians fix iPhones at any Best Buy store in the United States.

China's Geely picks Swedish software firm for driverless cars

China's Geely has chosen Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self driving software.

Beijing mega-airport to use Israeli runway protection system

Israel's Xsight Systems said on Wednesday that its hazard detection technology will be installed on runways of a new mega-airport in China scheduled to open later this year.

North Macedonia firm plugs vintage minis into electric age

In the North Macedonian capital Skopje, a small light blue car, reminiscent of bygone Communist times, silently zips through the streets in the first major attempt in the Balkan country to produce its own electric vehicle.

Electric planes start small as industry wrestles with emissions

An all-electric commuter plane and a small Airbus-backed hybrid are among aircraft programs being touted at the Paris Airshow, as the industry tries to convince a skeptical public it can deliver on a pledge to halve carbon emissions by 2050.

SmartRent funding heralds new wave in 'smart home' market

A producer of "smart home" software that helps landlords cut operating costs such as shuttling keys to waiting maintenance workers or guiding tours for prospective tenants has raised $32 million from Bain Capital Ventures and the owners of nearly 1 million U.S. apartments.

China's Geely selects Swedish software firm as driverless car supplier

China's Geely has picked Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self driving software.

Apple explores moving 15-30% of production capacity from China: Nikkei

Apple Inc has asked its major suppliers to assess the cost implications of moving 15% to 30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday.

Activists urge Google to break up before regulators force it to

Shareholder activists want Google parent Alphabet Inc to break itself up before regulators force the world's biggest internet ad seller to split into different pieces.

French photo startup Meero joins unicorn club after $230 million fundraising

French startup Meero, which offers online editing and production tools for photographers, has raised $230 million in a boost for the country's technology and start-up scene that President Emmanuel Macron hopes will boost the overall economy.

Euroclear to press ahead with blockchain pilot for commercial paper

Securities house Euroclear said on Wednesday it would push ahead with building a pilot blockchain-based platform for issuing and settling commercial paper transactions used by companies to grease the wheels of the economy.

Electric dreams in danger as funding dwindles for China's Tesla challengers

Last year, Wei Qing and his private equity investment team visited more than 20 Chinese electric vehicle manufacturing startups.

U.S. lawmaker calls for Facebook to pause cryptocurrency project

A leading U.S. House lawmaker on Tuesday called on Facebook Inc to halt development on its new cryptocurrency and for company executives to testify before Congress, adding to global concerns about what the digital currency could mean for data privacy and security.

Facebook's cryptocurrency ambitions face privacy concerns, political backlash

Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.

Senior U.S. lawmaker says Facebook should halt cryptocurrency project pending review

U.S. House Financial Services Committee Chairwoman Maxine Waters said Tuesday that Facebook Inc should halt development of its announced cryptocurrency until Congress and regulators conduct a review.

U.S. lawmakers joins global chorus of concern over Facebook's cryptocurrency

Both Republican and Democratic U.S. lawmakers joined policymakers across the globe who are concerned what Facebook Inc's decision to launch its own cryptocurrency could mean for data privacy and security.

U.S. agency to vote on auctioning key unused parts of 2.5 GHz band for 5G

The U.S. Federal Communications Commission will vote in July on whether to auction a key band of largely unused 2.5 GHz spectrum to help advance next-generation 5G wireless networks and scrap requirements that it be used for education, the agency said on Tuesday.

Google invests $1 billion to ease housing shortage near California headquarters

Alphabet Inc's Google announced on Tuesday it would set aside $750 million in land and $250 million in financing to spur developers in the San Francisco Bay Area to build at least 20,000 homes and rehabilitate other housing over the next decade.

Facebook reveals Libra cryptocurrency, sparking new privacy concerns

Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.

U.S. regulator accuses head of defunct British bitcoin company of $147 million fraud

A U.S. commodities regulator has filed a lawsuit accusing a defunct British cryptocurrency company and its former principal of fraudulently misappropriating at least 22,858,322 bitcoin worth $147 million from more than 1,000 customers.

U.N. surveillance expert urges global moratorium on sale of spyware

The world should impose a moratorium on the sale and use of surveillance software until there are rules in place to stop governments using it to spy on their opponents and critics, a U.N. expert recommended.

Google announces $1 billion additional investment in housing across Bay Area

Alphabet Inc's Google on Tuesday announced an additional $1 billion investment in housing across the San Francisco Bay Area.

BoE's Carney says keeping open mind on Facebook's Libra

Bank of England governor Mark Carney has said he is keeping an 'open mind' on the potential utility of Facebook's planned cryptocurrency, but warned it may face strict regulation if it takes off.

Google calendar app down globally

Alphabet Inc's Google Calendar app users were unable to access their schedules on Tuesday as the app faced technical issues globally.

Lyft, Agero partner to offer rides for consumers requiring tow assistance

Roadside assistance provider Agero Inc said on Tuesday it would partner with ride hailing company Lyft Inc to provide rides for consumers whose cars are disabled and require a tow assistance.

World electronic gaming revenues to grow 9.6% to $152.1 billion in 2019: report

The global video and electronic games market will generate $152.1 billion in 2019, up 9.6% over last year as gaming morphs into content and communication, according to a report by gaming analytics firm Newzoo on Tuesday.