Facebook to clearly explain how it uses consumer data: EU

Facebook has bowed to pressure from the European Commission and consumer authorities by revising its terms, making it clear what it does with users' data and taking responsibility when data has been mishandled by third parties.

China wants to ban bitcoin mining, traders say move not a surprise

China's state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector.

How flawed software, high speed, other factors doomed an Ethiopian Airlines 737 MAX

Minutes after take-off, the pilots of an Ethiopian Airlines 737 MAX were caught in a bad situation.

Selling with the enemy: Why rival retailers embrace Amazon.com

Chico's FAS Inc warned in January that it would shutter at least 250 stores across its namesake brand, along with its White House Black Market and Soma labels.

China game-streaming firm Huya launches $343 million follow-on offering

Chinese game-streaming company Huya Inc, backed by Tencent Holdings Ltd, has launched a follow-on share offering of about $343 million to raise funds for investment in its content and e-sports partners.

China says it wants to eliminate bitcoin mining

China's state planner wants to ban bitcoin mining, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector.

Mexico plans to tax digital platforms: deputy finance minister

Mexico's finance ministry aims to tax digital platforms such as video streaming service Netflix in its budget plan for next year, a senior government official said on Monday.

Uber, ahead of IPO, sees some time before self-driving cars dominate the road

Uber Technologies Inc expects it will be a long time before one of its biggest investments, self-driving cars, is ready for wide-scale deployment, a senior scientist said on Monday, as the ride-sharing firm gears up to go public.

Uber scientist says some time before self-driving cars dominate the road

Uber Technologies Inc believes it will take a long time for self-driving cars to be used at scale but the technology will save lives, the chief scientist at its self-driving car unit said on Monday.

Twitter's Jack Dorsey paid $1.40 in 2018

Twitter Inc said on Monday it paid its Chief Executive Officer Jack Dorsey $1.40 in 2018.

A Year Later, Cybercrime Groups Still Rampant on Facebook

Almost exactly one year ago, KrebsOnSecurity reported that a mere two hours of searching revealed more than 100 Facebook groups with some 300,000 members openly advertising services to support all types of cybercrime, including spam, credit card fraud and identity theft. Facebook responded by deleti...

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Key EU lawmaking committee votes against EU wifi-based car standard

A key committee of EU lawmakers on Monday rejected a European Commission push for a wifi-based technology for cars, backing critics who support the alternative 5G standard.

SEC steps on Tesla 'reasonable' to prevent problems: commissioner

The U.S. securities watchdog's request that a federal judge hold Tesla Inc Chief Executive Elon Musk in contempt over the billionaire entrepreneur's use of Twitter was "reasonable," said a U.S. Securities and Exchange Commission official on Monday.

EU lawmakers back fines for internet firms that fail to remove extremist content

European Union lawmakers have backed plans to fine Facebook, Google, Twitter and other online platforms if they fail to remove extremist content within one hour.

EU data supervisor probes EU bodies' software deals with Microsoft

EU data protection authorities are investigating whether the European Commission and other EU institutions comply with the bloc's strict data privacy rules in their software deals with Microsoft.

AI must be accountable, EU says as it sets ethical guidelines

Companies working with artificial intelligence need to install accountability mechanisms to prevent its being misused, the European Commission said on Monday, under new ethical guidelines for a technology open to abuse.

Exclusive: Loeb's Third Point building stake to pressure Sony - sources

Daniel Loeb's hedge fund Third Point LLC is building a stake in Sony Corp to push for changes, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Monday.

European data supervisor investigates Microsoft software used by EU

The European Union's data protection supervisor said on Monday it is investigating whether products provided by software giant Microsoft to EU institutions comply with its new data protection rules.

AI must be accountable, says EU as sets ethical guidelines

Companies working with artificial intelligence need to install accountability mechanisms to prevent it being misused, the European Commission said on Monday, under new ethical guidelines for a technology open to abuse by authoritarian regimes.

Exclusive: Mexico's Walmart pressures suppliers on pricing, forcing some to ditch Amazon

Walmart's Mexico unit has penalized food companies supplying groceries to rival Amazon, pressure that has forced some to pull their products from the world's largest online retailer, four people familiar with the matter said.

Digital lenders lure unbanked Argentines out of shadow economy

María Rosales, 39, is one of millions of less affluent Argentines locked out of the traditional financial sector. The former cruise ship worker lost her job in 2015 and has relied on her family for financial support to stay afloat since.

Britain plans social media watchdog to battle harmful content

Britain proposed new online safety laws on Monday that would slap penalties on social media companies and technology firms if they fail to protect users from harmful content.

SoftBank-backed Grab seeks another $2 billion funding in expansion drive

Grab is looking to raise another $2 billion this year to ramp up expansion, its CEO Anthony Tan told Reuters, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia's largest round of private financing.

Facebook says has made headway against abuses ahead of India election

Facebook has said it has made strides in its efforts to prevent online abuses in the Indian national election that starts this week but acknowledged that gaps remain in its "election integrity" efforts.

EU's Vestager says Europe must lead the way with a digital tax

Europe needs to decide on a digital tax and should lead the way if there is insufficient consensus globally, the EU competition commissioner Margrethe Vestager, said on Monday.

SoftBank-backed Grab targets $2 billion more in funding this year in big business push

Grab aims to raise another $2 billion this year as it ramps up expansion, its chief executive said, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia's largest round of private financing.

UK fines for harmful online content in line with GDPR: minister

Britain will impose penalties that force tech companies to "sit up and take notice" if they do not do everything reasonably practicable to stop harmful content on their platforms, the Culture, Media and Sport Secretary Jeremy Wright said.

Exclusive: Grab targets another $2 billion funding this year: CEO

Grab expects to raise another $2 billion from strategic investors this year, the CEO of Southeast Asia's biggest ride-hailing firm said, just weeks after it announced funding of over $4.5 billion in the region's largest private financing round.

Britain plans social media regulation to battle harmful content

Britain proposed new online safety laws on Monday that would slap penalties on social media companies and technology firms if they fail to protect their users from harmful content.

Hyundai Motor denies tie-up with Tencent on driverless car software

South Korean automaker Hyundai Motor Co on Sunday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless vehicles.