African telecoms titan MTN slims down with $1 billion divestment plan

MTN Group announced on Thursday a $1 billion divestment program over the next three years that will slim down Africa's biggest mobile phone operator and refocus it on high-growth markets on the continent and in the Middle East.

Exclusive: Yelp averts board challenge as SQN endorses changes

SQN Investors LP dropped its threat of challenging Yelp Inc's board of directors on Thursday, after the company unveiled steps to improve returns that echoed plans the hedge fund had proposed, according to a letter SQN sent to Yelp.

Vodafone says complete UK ban on Huawei would cost it millions of pounds

Vodafone said any move by Britain to bar equipment made by China's Huawei from all parts of new 5G networks would cost it hundreds of millions of pounds and "very significantly" slow down the deployment of the new technology.

Romania's critical networks do not use Huawei equipment: STS

Huawei equipment is not used "in any of Romania's state critical infrastructure" under the administration of the NATO member's Special Telecommunications Service (STS), the STS told Reuters on Thursday.

SoftBank launches $5 billion fund to invest in LatAm tech firms

Japan's SoftBank Group Corp said on Thursday it had launched a new $5 billion innovation fund to invest in technology companies in Latin America

Xerox restructures business to create holding company

Xerox Corp said on Thursday it will implement a structure in which the printer maker will become a wholly owned unit of a new holding company.

Austria sells 5G licenses for a song, seeking rapid rollout

Austria has sold 5G licenses to three national mobile operators and a handful of local players, bringing in a mere 188 million euros ($213 million) in an auction aimed at ensuring a rapid rollout of the new technology.

Apps let more women ‘swipe right’ to find friends

Women have long relied on dating apps to find romantic partners, but many now are going online to seek another special someone: a friend.

UK watchdog warns against 'get rich quick' cryptoasset purchases

Consumers think they can "get rich quick" by putting cash into unregulated cryptoassets like Bitcoin and Ether they may not fully understand, Britain's markets watchdog said on Thursday.

South Korea's Kakao strikes deal for limited-hours carpool, ends taxi union protests

South Korea's Kakao Mobility has struck a deal with taxi unions that will allow it to run a car-sharing service for four hours daily on weekdays, marking an end to protests by cab drivers who had complained the service would destroy their livelihoods.

Huawei fights back against U.S. blackout with Texas lawsuit

Chinese telecoms equipment maker Huawei Technologies sued the U.S. government on Thursday saying a law limiting its U.S. business was unconstitutional, ratcheting up its fight back against a government bent on closing it out of global markets.

Huawei fights back against U.S. black out with Texas lawsuit

Chinese telecoms equipment maker Huawei Technologies sued the U.S. government on Thursday saying a law limiting its U.S. business was unconstitutional, ratcheting up its fight back against a government bent on closing it out of global markets.

Huawei fights back against US black out with Texas lawsuit

Chinese telecoms equipment maker Huawei Technologies sued the U.S. government on Thursday saying a law limiting its U.S. business was unconstitutional, racheting up its fight back against a government bent on closing it out of global markets.

South Africa's MTN to raise $1 billion from asset sales, profit surges

MTN Group plans to raise more than 15 billion rand ($1.05 billion) in asset sales over the next three years, Africa's biggest telecoms group said on Thursday after reporting a massive jump in 2018 profit.

Dialog Semi expands into Internet of Things with Silicon Motion deal

Chip designer Dialog Semiconductor said it would acquire Silicon Motion's mobile communications business for $45 million in cash, expanding its presence in the market for low-power connected devices.

Japan's Renesas to partially halt chip production for two months on China slowdown

Automotive chipmaker Renesas Electronics Corp plans to halt production at six plants in Japan for up to two months this year as it braces for a further slowdown in Chinese demand, the company said on Thursday.

South Africa's MTN to raise $1 billion from asset sales, FY profit surges

MTN Group plans to raise more than 15 billion rand ($1.05 billion) in asset sales over the next three years, Africa's biggest telecoms group said on Thursday after reporting a massive jump in 2018 profit.

Shanghai Construction Group to build first phase of Tesla's Shanghai plant: media

State-owned Shanghai Construction Group (SCG) will build the first phase of U.S. electric carmaker Tesla's factory in Shanghai, a news portal reported on Thursday.

Huawei sues U.S. government saying ban on its equipment is unconstitutional

Chinese telecoms equipment maker Huawei Technologies Co Ltd on Thursday confirmed it is suing the U.S. government over a section of a defense bill passed into law last year that restricted its business in the United States.

Uber to expand in Germany in 2019: Funke Mediengruppe

Ride-hailing company Uber Technologies Inc is planning to expand into additional cities in Germany this year, its European chief told a German newspaper.

Huawei sues U.S. government, seeks NDAA ban lift

Chinese telecoms equipment maker Huawei Technologies Co Ltd on Thursday confirmed it is suing the U.S. government over a section of a defense bill passed into law last year that restricted its business in the United States.

Huawei sues U.S. over curbs on Huawei equipment use

Chinese telecommunications giant Huawei Technologies Co Ltd filed a lawsuit against the United States late Wednesday, alleging that it acted illegally by enacting a law that forbids the government from doing business with companies that use Huawei equipment as a "substantial or essential component" ...

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NBA to offer content across all Alibaba platforms in expanded deal

The National Basketball Association will offer fans in China original programming and an easier way to buy league gear through e-commerce giant Alibaba Group Holding Ltd, the league announced on Wednesday.

Britain's Hunt promises 'doctrine of deterrence' against cyberattacks on democracy

British foreign minister Jeremy Hunt will set out on Thursday a "doctrine of deterrence", including economic and diplomatic counter-measures, to prevent cyberattacks that threaten to turn elections into "tainted exercises".

Amazon to close U.S. pop-up stores, focus on opening more book stores

Amazon.com Inc will close all of its U.S. pop-up stores and focus instead on opening more book stores, a company spokesperson said on Wednesday.

Zuckerberg says Facebook's future is going big on private chats

Facebook Inc Chief Executive Mark Zuckerberg said on Wednesday the company would encrypt conversations on more of its messaging services and make them compatible, the latest sign that the world's biggest social network sees its future in intimate online chats.

Huawei set to announce lawsuit against U.S. as it seeks to strike back

Huawei Technologies is set to announce a lawsuit on Thursday against the United States, ratcheting up its response to a campaign aimed at closing it out of Western markets for fear its telecoms equipment could be used by Beijing for spying.

Amazon to close all U.S. pop-up stores

Amazon.com Inc will close all of its U.S. pop-up stores and focus instead on opening more book stores, a company spokesperson said on Wednesday.

Zuckerberg says Facebook's future is 'privacy-focused'

Facebook Inc Chief Executive Mark Zuckerberg on Wednesday said the company would encrypt conversations on more of its messaging services and make them compatible, the latest sign that the world's biggest social network sees its future in intimate online chats.

In Canadian court, Huawei CFO's lawyer raises Trump comments on case

The lawyer for Huawei Technologies' Chief Financial Officer Meng Wanzhou told a Canadian court on Wednesday that he has concerns allegations against her have a political character and raised U.S. President Donald Trump's comments on the case.