Samsung says new smartphone series off to strong start in India

Samsung Electronics has sold 5 million units of its Galaxy A series smartphones, generating sales of over $1 billion since it began selling the devices in March, a senior company executive said on Tuesday.

A 'no-spy' deal would help any Huawei bid: Germany

A "no-spy" agreement with Beijing would be crucial to assessing whether to accept any bid by Huawei to build out a next-generation telephony network, a German interior ministry spokesman said on Tuesday, adding there was currently no sign such a deal was in the offing.

Huawei willing to sign 'no-spy' agreements with governments: chairman

Huawei is willing to sign no-spy agreements with governments, including Britain, the Chinese telecommunications company's chairman said on Tuesday as the United States pressures European countries to shun the firm over spying concerns.

WhatsApp to refer security breach to U.S. authorities

Facebook's WhatsApp said on Tuesday a security breach on its messaging app had signs of coming from a private company working on surveillance and it had referred the incident to the U.S. Department of Justice.

UBS looks to machine learning to plug FX liquidity gaps

As global currency markets grapple with a growing number of flash crashes triggered by shutdowns in algorithmic trading systems when volatility spikes, UBS is utilizing machine learning technology to carry on dealing.

Microsoft to spend $100 million on Kenya, Nigeria tech development hub

Microsoft Corp will invest $100 million to open an Africa technology development center with sites in Kenya and Nigeria over the next five years, the company said on Tuesday.

Citigroup look to vastly expand India reach with Paytm tie-up

India's top digital payments firm Paytm on Tuesday launched a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its credit card customer base in the country.

WhatsApp urges users to upgrade app after security breach

Facebook's WhatsApp urged users to upgrade to the latest version of its popular messaging app after reporting that users might be vulnerable to having malicious spyware installed on phones without their knowledge.

New Vodafone boss tackles debt burden with dividend cut

The new boss of Vodafone cut the mobile operator's dividend for the first time, securing the firepower it needs to build 5G networks and complete its acquisition of Liberty Global assets.

WhatsApp informs Irish regulator of 'serious security vulnerability'

Facebook's WhatsApp has informed its lead regulator in the European Union, Ireland's Data Protection Commissioner (DPC), of a serious security vulnerability on its platform, the DPC said on Tuesday.

WhatsApp urges users to upgrade app after report of spyware attack

Facebook's WhatsApp on Tuesday urged users to upgrade to the latest version of its popular messaging app following a report that users could be vulnerable to having malicious spyware installed on phones without their knowledge.

Huawei is not controlled by China, executive says

Huawei is a private company that is not controlled by the Chinese government and would refuse to hand over information to Beijing although no such request has been made, the firm's Vice President of Western Europe said on Tuesday.

U.S. faces hurdles in push to build electric vehicle supply chain

The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country's metal reserves largely unknown and only a few facilities to process minerals and produce batteries.

Amazon partners UK's Next for click & collect service

Amazon has teamed-up with British clothing chain Next to offer a network of stores where the U.S. online retail giant's UK customers can collect their parcels.

Members only: U.S. retailers revamp loyalty schemes for Amazon era

With private fitting rooms, members-only stores and clever apps, U.S. department stores are reinventing their old and tested loyalty programs to fend off the challenge from e-commerce giant Amazon.com Inc and other online rivals.

Tesla car catches fire in Hong Kong parking lot: media

A Tesla Inc electric car caught fire in a parking lot in a Hong Kong shopping mall, the Apple Daily newspaper said on Tuesday, but no one was injured in the blaze, whose cause was not immediately known.

Amazon extends lead as top retail brand in Kantar/WPP survey

Amazon has almost doubled its brand value to $316 billion as it expands in areas like entertainment and smart speakers, while China's Alibaba is now the world's second most valuable retail brand, a survey showed on Tuesday.

Bitcoin tops $8,000 as it hits highest since July 2018

Bitcoin surged to more than $8,000 late on Monday, its highest level since July last year, as the cryptocurrency's rally gained further momentum.

Ex-Autonomy CFO sentenced in U.S. to 5 years prison over Hewlett-Packard fraud

The former chief financial officer of British software company Autonomy was sentenced on Monday to five years in prison, after a U.S. jury found him guilty of fraud over the $11.1 billion sale of Autonomy in 2011 to Hewlett-Packard.

Facebook facing 20-year consent agreement after privacy lapses: source

The social media giant Facebook Inc is headed toward an agreement with the U.S. government that would put it under 20 years of oversight, according to a source knowledgeable about the discussions.

China's Kunlun Tech agrees to U.S. demand to sell Grindr gay dating app

Chinese gaming company Beijing Kunlun Tech Co Ltd said on Monday it had agreed to a request by the Committee on Foreign Investment in the United States (CFIUS) to sell popular gay dating app Grindr, setting a June 2020 deadline to do so.

In setback for Apple, U.S. Supreme Court lets App Store antitrust suit proceed

A divided U.S. Supreme Court on Monday gave the go-ahead to an antitrust lawsuit accusing Apple Inc of forcing consumers to overpay for iPhone software applications, a decision that could lead to billions of dollars in damages and put at risk the company's lucrative way of selling apps.

Facebook raises minimum wage for U.S. contract workers to $20/hour

Facebook Inc said on Monday it was raising its minimum wage for all U.S. contract workers, reacting to rising costs of living as it faces intense scrutiny over the treatment of ordinary employees and their pay.

Twitter accidentally shares user location data with advertising partner

Twitter Inc said on Monday it may have accidentally collected and shared location data of some users accessing its app through Apple devices with an advertising partner.

Apple revamps its TV app ahead of streaming service launch

Apple Inc on Monday rolled out a new television-watching app for its devices and some Internet-connected TVs, an effort to gain more revenue from reselling other companies' programming and, later this year, its own original shows.

Facebook raises minimum wages for U.S. contract workers to $20/hour

Facebook Inc said on Monday it was raising wages for its U.S. contract workers, such as cafeteria staff and janitors, to a minimum of $20 per hour in San Francisco Bay Area, New York and Washington D.C. and to $18 per hour in Seattle.

Brazil's Itau Unibanco to launch new payments app using QR code

Brazil's largest private-sector lender, Itaú Unibanco Holding SA, will launch an instant payments platform by the third quarter that uses QR codes, adding fuel to the fierce competition among card processors.

U.S. Supreme Court lets App Store antitrust suit proceed against Apple

The U.S. Supreme Court on Monday gave the go-ahead for a lawsuit by consumers accusing Apple Inc of monopolizing the market for iPhone software applications and forcing them to overpay, rejecting the company's bid to escape claims that its practices violate federal antitrust law.

U.S. Supreme Court allows App Store antitrust suit against Apple

The U.S. Supreme Court on Monday gave the go-ahead for a lawsuit by consumers accusing Apple Inc of monopolizing the market for iPhone software applications and forcing them to overpay, rejecting the company's bid to escape claims that its practices violate federal antitrust law.

Taiwan's Foxconn readies chip boss to succeed Gou as chairman: sources

Foxconn is poised to nominate chip unit boss Liu Young to succeed Terry Gou as chairman in a surprise choice by the iPhone assembler, two people with direct knowledge of the matter said.