Tesla gets approval to start manufacturing in China

Tesla Inc was added to a government list of approved automotive manufacturers, China's industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country.

Fortress extends tender offer period for Japan's Unizo until November 1

SoftBank Group's Fortress Group said on Thursday it would extend its tender-offer period for Japanese hotel operator Unizo Holdings, which is also an acquisition target of Blackstone Group but at a higher price, until Nov. 1.

Samsung to patch Galaxy S10 fingerprint problem

Samsung Electronics Co Ltd will roll out a software patch to fix problems with its flagship Galaxy S10 smartphone's fingerprint recognition, the South Korean tech giant said on Thursday.

LG Chem sees electric vehicles accounting for 15% of all car sales in 2024

South Korea's LG Chem, one of the leading electric vehicle (EV) battery makers, expects global sales of EVs to grow more than five-fold from 2018 levels to account for about 15% of global vehicle sales in 2024, it said on Thursday.

Exclusive: WeWork owner creates committee to decide on financing lifeline

WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co , four people familiar with the matter said on Wednesday.

TSMC third-quarter profit rises 13.5%, beats market forecasts

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) reported a 13.5% rise in third quarter profit on Thursday, its strongest growth since 2017, as robust demand for 5G chips boosted sales despite fears of a global tech slowdown.

'Panama Papers' law firm sues Netflix over film based on scandal

Mossack Fonseca, a Panamanian law firm at the center of the "Panama Papers" scandal, has filed a lawsuit against Netflix Inc over its new movie based on the case, accusing the video streaming company of defamation and seeking to stop the film's release.

When Card Shops Play Dirty, Consumers Win

Cybercrime forums have been abuzz this week over news that BriansClub — one of the underground’s largest shops for stolen credit and debit cards — has been hacked, and its inventory of 26 million cards shared with security contacts in the banking industry. Now it appears this braze...

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Exclusive: WeWork owner creates committee to decide on financing lifeline - sources

WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co , four people familiar with the matter said on Wednesday.

Southeast Asia's mobile payments face shakeout as market booms

Just next to Ho Chi Minh City's financial district, two dozen street vendors' stalls display colorful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others.

IBM revenue misses on weakness in its biggest unit; shares fall 5%

International Business Machines Corp missed Wall Street estimates for quarterly revenue on Wednesday, as its global technology services unit was hit by weakness in some European markets, sending its shares down 5% in extended trading.

Ex-Cisco engineers raise $278 million for startup

A cloud startup founded by a group of four ex-Cisco Systems Inc engineers said on Wednesday it has raised $278 million to fund products that aim to help the data centers of customers like investment banks function more like those of cloud computing providers.

Netflix shares jump as subscribers grow ahead of Disney, Apple attack

Netflix Inc added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall short just as Disney and others prepare to ramp up the streaming video wars.

IBM quarterly revenue misses, shares fall

International Business Machines Corp missed analysts' estimates for third-quarter revenue on Wednesday, overshadowing a profit beat and sending its shares down 3% in extended trading.

Netflix adds more-than-expected subscribers in third quarter

Netflix Inc added more-than-expected paid subscribers in the third quarter, boosted by the launch of new seasons of "Stranger Things" and "13 Reasons Why", sending its shares up 5% in trading after the bell.

IBM beats profit estimates on cloud-computing growth

International Business Machines Corp beat analysts' estimates for third-quarter profit on Wednesday, benefiting from growth in its high-margin cloud-computing business.

Facebook's Libra faces 'core' legal, regulatory challenges: Brainard

U.S. Federal Reserve Governor Lael Brainard said on Wednesday that Facebook's efforts to launch a Libra cryptocurrency must overcome a "core set of legal and regulatory challenges" before facilitating a single payment.

Facebook's Libra facing 'core' legal, regulatory challenges before launch

U.S. Federal Reserve Governor Lael Brainard said Wednesday that Facebook's efforts to launch a Libra cryptocurrency must overcome a "core set of legal and regulatory challenges" before facilitating a single payment.

Let's do it together: Huawei seeks to allay EU concerns with appeal for 5G partnership

Chinese telecoms manufacturer Huawei Technologies [HWT.UL] sought on Wednesday to assuage European concerns that it is a cyber security risk, saying it wants to help make the continent a world leader in next generation mobile networks.

FCC approves merger of T-Mobile, Sprint on vote split on party lines: sources

T-Mobile US Inc's proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.

FCC approves merger of T-Mobile, Sprint on vote split on party lines

T-Mobile US Inc's proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.

China's Didi Chuxing deepens Latam push with plans to launch in Costa Rica

Chinese ride-hailing giant Didi Chuxing is preparing to launch in Costa Rica, marking its first expansion into Central America, according to a job posting viewed by Reuters.

Facebook executive confident Libra will win enough financial backers

Facebook Inc , whose digital currency project Libra has been abandoned by several high-profile partners including PayPal, Visa and Mastercard, still expects to get 100 banks and financial firms on board once it addresses regulatory concerns, the head of the project said on Wednesday.

Xiaomi says widening India product range to shed budget image

China's Xiaomi Corp is shedding its image as a budget brand by widening its India product portfolio to include pricier, high-spec smartphones and smart TVs, a senior company executive said on Monday.

Facebook Libra should have 'no problem' getting 100 members on board by launch: executive

David Marcus, the head of Facebook's digital currency project Libra, said on Wednesday the group should have "no problem" getting 100 members on board and that he expects banks and other financial firms to join once regulatory issues are addressed.

Ride-hailing companies Uber, Lyft won't testify before Congress

Uber Technologies Inc and Lyft Inc declined to appear on Wednesday at a U.S. House of Representatives hearing on issues relating to the ride-hailing industry, a congressional committee said.

Huawei unveils new 5G antennae ahead of China ramp

Huawei Technologies on Wednesday launched a new generation of 5G mobile antennae, anticipating an acceleration in the pace of network upgrades led by the three operators in its vast Chinese home market.

Huawei's third-quarter revenue jumps 27% as smartphone sales surge

Huawei Technologies Co Ltd's third-quarter revenue jumped 27%, driven by a surge in shipments of smartphones launched before a trade blacklisting by the United States expected to hammer its business.

Ride-hailing companies Uber, Lyft won't testify before Congress: report

Uber Technologies Inc and Lyft Inc have declined to appear at a U.S. House of Representatives hearing on Wednesday on issues relating to the ride-hailing industry, the Washington Post reported, citing company and congressional sources.

U.S. chipmaker Broadcom told to stop exclusivity deals till EU probe ends

U.S. chipmaker Broadcom has been ordered to halt exclusivity deals with six TV and modem makers for up to three years while EU antitrust enforcers investigate whether these agreements are aimed at thwarting rivals.