The British government has come to a conclusion that it can mitigate the risks arising from the use of Huawei Technologies Co Ltd in 5G networks, the Financial Times reported https://on.ft.com/2DLcuFG on Sunday, citing two sources familiar with the conclusion of Britain's National Cyber Security Cen...
Germany to extend electric company car tax incentives: paper
German Finance Minister Olaf Scholz plans to extend tax incentives for electric company cars, he told a newspaper on Saturday, the government's latest attempt to boost demand for clean vehicles.
Amazon invites Ocasio-Cortez for tour, calls worker claims untrue
A senior Amazon.com Inc executive on Friday disputed claims raised by Representative Alexandria Ocasio-Cortez that Amazon workers face "dehumanizing conditions" as being untrue and invited her to take a tour of company facilities.
Amazon places big bet on aspiring Tesla rival Rivian
Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant's biggest bet on technologies with potential to reshape the automotive sector.
Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber
Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America's fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official.
Alphabet unit seeks share of property taxes for Toronto smart city
Alphabet Inc's Sidewalk Labs unit is proposing it get a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, according to the company's slide presentation made public on Friday.
Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date.
U.S. fines Cognizant, charges 2 former top execs in India bribery case
U.S. authorities on Friday announced criminal charges against two former top Cognizant Technology Solutions Corp executives for their roles in a bribery scheme in India, and said the company will pay $25 million to settle a related civil case.
U.S. SEC charges Cognizant, former executives with anti-corruption lapses
U.S.-based tech giant Cognizant Technology Solutions has agreed to pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), the U.S. Securities and Exchange Commission (SEC) said on Friday.
Nvidia forecasts demand rebound, Wall Street not so sure
Nvidia Corp's forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was "aggressive" given weak demand and the ongoing U.S.-China trade war.
Billionaire Stanley Druckenmiller placed bet against Tesla during Q4
Billionaire investor Stanley Druckenmiller bet against electric carmaker Tesla Inc during the fourth quarter, wagering that its share price will fall, according to quarterly filings released on Thursday.
Visa, Mastercard mull increasing fees for processing transactions: WSJ
Visa Inc and Mastercard Inc, the two biggest U.S. card networks, are preparing to increase certain fees levied on U.S. merchants for processing transactions that will kick in this April, the Wall Street Journal reported on Friday, citing people familiar with the matter.
It's complicated, says Britain's MI6 spymaster on Huawei 5G issue
Britain should avoid relying on a monopoly provider of equipment in new 5G mobile networks, but there are no easy answers to concerns about using Chinese supplier Huawei, the chief of Britain's foreign intelligence service said on Friday.
Private equity firms win over Scout24 with improved $6.4 billion bid
Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity.
Telecoms industry calls for Europe-wide network testing regime
The telecoms industry has called on European governments to join mobile operators in establishing a testing regime to protect network security without having to resort to the disruptive step of excluding vendors from the market.
Hellman & Friedman, Blackstone make 5.7 billion euro offer for Scout24
Hellman & Friedman and Blackstone have offered to buy online classifieds group Scout24 for 5.7 billion euros ($6.4 billion), including debt, potentially the biggest takeover of a listed German company by private equity.
Germany looks into tax move on foreign internet firms: report
Germany's finance ministry is looking into the possibility of a 15 percent special tax on online advertising revenue collected by foreign internet companies such as Google or Facebook from German operators, Wirtschaftswoche magazine reported on Friday.
Seizing on Huawei's troubles, Samsung bets big on network gear
Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalize on the security fears hobbling China's Huawei, according to company officials and other industry executives.
Lyft to woo investors with fast U.S. growth in IPO race with Uber
Lyft Inc will pitch investors on its fast growth in the United States as it seeks to beat out Uber Technologies Inc to become the first publicly listed ride-hailing company, according to people familiar with the matter.
China ride-hailing giant Didi to lay off 15 percent staff this year: source
Beijing-based ride-hailing giant Didi Chuxing will lay off 15 percent of its staff this year, or about 2,000 employees, a source familiar with the matter told Reuters on Friday.
How Amazon scrapped its plans for a New York headquarters
More than a year of work to bring Amazon.com Inc's headquarters and tens of thousands of jobs to New York City ended on Thursday with a couple of phone calls.
Australian miner Fortescue says two driverless trucks involved in low-speed incident
Australian iron ore miner Fortescue said on Friday that one of its driverless trucks, traveling at low speed, ran into another that was parked at its remote Western Australian operations in an incident earlier this week.
Prominent investors stock up on eBay, then activists flex muscle
EBay Inc.'s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or added to existing positions in the last months of 2018.
Nvidia full-year sales outlook tops analyst views; shares rise
Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.
Applied Materials second-quarter forecast misses on weak chip demand
Chip gear maker Applied Materials Inc forecast second-quarter profit and revenue below analysts' estimates on Thursday, underscoring the weakness in the semiconductor industry that has forced some companies to temper their outlook.
U.S. negotiating multibillion-dollar fine with Facebook: report
The U.S. government and Facebook Inc are negotiating a settlement over the company's privacy lapses that could require the online social network to pay a multibillion-dollar fine, the Washington Post reported on Thursday.
As Amazon drops New York City project, progressives claim a major coup
U.S. Representative Alexandria Ocasio-Cortez wasted no time on Thursday in calling Amazon's decision to scrap plans to build a major New York outpost with nearly $3 billion in city and state incentives a big victory for progressive politicians.
Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle
Warren Buffett's Berkshire Hathaway Inc said it trimmed its stake in iPhone maker Apple Inc, its largest stock investment, and added positions in Canada's Suncor Energy Inc and software company Red Hat Inc.
Nvidia sales outlook tops analyst views; shares rise
Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.
Billionaire Stanley Druckenmiller placed bet against Tesla during fourth quarter
Billionaire investor Stanley Druckenmiller bet against electric carmaker Tesla Inc during the fourth quarter, wagering that its share price will fall, according to quarterly filings released on Thursday.