Wirecard rejects FT report as shares drop

Germany's Wirecard rejected allegations of impropriety on Tuesday after the Financial Times newspaper published documents on the company's accounting practices which it said appeared to indicate an effort to inflate sales and profits.

Google share of search ad market high but shrinking: eMarketer

Alphabet Inc's Google dominates the growing U.S. search ad market but Amazon.com Inc is growing fast, according to data from the market research company eMarketer released on Tuesday.

U.S. pension funds took positions in blacklisted Chinese surveillance company

Some of the biggest public pensions funds in the United States have invested in one of the world's largest purveyors of video surveillance systems that the U.S. government claims are used in wide-scale repression of the Muslim population of western China.

How Amazon.com moved into the business of U.S. elections

Amazon.com Inc's cloud computing arm is making an aggressive push into one of the most sensitive technology sectors: U.S. elections.

Wirecard says FT report is compilation of false and misleading allegations

Germany's Wirecard rejected allegations of impropriety on Tuesday after the Financial Times newspaper published documents on the company's accounting practices alleging an effort to inflate sales and profits.

Keen to develop self-driving cars, Hyundai Motor Group unveils $35 billion investment plan

Hyundai Motor Group said it plans to invest 41 trillion won ($35 billion) in mobility and other auto technologies by 2025, part of which will be directed to an ambitious effort to become more competitive in self-driving cars that has also received government backing.

Tesla to start Powerwall home battery installations in Japan

Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product's debut in Asia.

Wirecard shares sink after FT report alleging company inflated sales

Shares in Wirecard sank more than 20% in early trading on Tuesday after the Financial Times newspaper published documents on the company's accounting practices alleging an effort to inflate sales and profits, dealers said.

India looks into Flipkart, Amazon festive discounts after retailer complaints

The Indian government is looking into whether hefty discounts offered on Walmart-owned Flipkart and Amazon.com during their online festive sales violate foreign investment rules, a commerce ministry official told Reuters.

Hyundai Motor Group to invest $35 billion in future automotive tech

Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won ($34.65 billion) in mobility technology and strategic investments by 2025, as South Korea's top automaker accelerates its attempts to catch up in the self-driving car race.

Solar powered cars set off for Australia's outback race

More than 40 racing teams from 21 countries left Darwin on Sunday to race across Australia to the southern city of Adelaide in the world's fastest solar powered cars.

WeWork prefers JPMorgan's financing package over SoftBank's control: Bloomberg

Shared office space company WeWork prefers the option of a near $5 billion financing package led by JPMorgan Chase & Co to selling a controlling stake to Japan's SoftBank Group Corp , Bloomberg reported https://bloom.bg/2pl8JmL late on Monday.

SoftBank's Claure announces investment in Mexican startup Kavak

Japan's SoftBank will invest in Mexican used car platform Kavak, the group's chief operating officer Marcelo Claure said on Monday, adding to SoftBank's growing portfolio in Latin America.

Facebook's Libra announces board as support shrinks further

Backers of Facebook Inc's Libra cryptocurrency project pledged to forge ahead after selecting a five-member board on Monday, shrugging off the latest member defection by online travel company Booking Holding earlier in the day.

Facebook's Libra support shrinks further as Priceline owner jumps ship

Facebook Inc's Libra cryptocurrency faced a pivotal meeting of backers on Monday, after the ambitious project to bring digital coins into mainstream commerce suffered another defection, from online travel company Booking Holding.

Harley-Davidson halts electric motorcycle production

Harley-Davidson Inc said on Monday it has stopped production and deliveries of its first electric motorcycle after discovering a glitch in the final quality checks.

Faraday Future founder files for bankruptcy to repay personal debts

Faraday Future founder and Chief Executive Officer Jia Yueting has filed for bankruptcy in the United States and plans to turn over his stake in the Chinese electric vehicle firm to repay his personal debts, the company said.

China's Huawei says open to 'no backdoor' agreement with India

China's Huawei Technologies is ready to enter into a "no backdoor" agreement with India to allay security concerns, the telecom group's local head said on Monday, as the giant South Asian country prepares to launch next generation 5G networks.

Google's fight against EU antitrust fine to be heard February 12-14 at EU court

Alphabet unit Google's fight against a 2.4-billion-euro ($2.64 billion) EU antitrust fine will be played out over three days in February 2020 at Europe's second-highest court, according to parties involved in the case.

Factbox: Facebook's Libra in trouble as firms jump ship

A number of payment processors and fintech companies that joined Facebook Inc's digital currency project Libra with great fanfare earlier this year, have abandoned the project, dealing a blow to the social media giant's plans.

Google enables debit card payments in Brazil

Alphabet Inc's Google on Monday launched a debit card payment function in Brazil through Google Pay, to boost use of its Android smartphones.

Italy readies 'web tax' in its 2020 budget: sources

Italy is readying a new tax on digital companies in its 2020 budget, as it seeks alternative revenues that will allow it to scrap a scheduled increase in sales tax, two coalition sources told Reuters on Monday.

Facebook's Libra faces support test after payment giants jump ship

Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit.

New German rules leave 5G telecoms door open to Huawei

Germany has finalised rules for the build-out of 5G mobile networks that, in a snub to the United States, will not exclude China's Huawei Technologies.

Russia's Yandex releases rival to China's TikTok app

Russian internet firm Yandex on Monday released a short video app for fashion and style that it hopes will compete with China's TikTok app.

Germany won't bar any 5G vendors on up-front basis: spokesman

Germany has set rules governing 5G mobile networks that will not exclude any equipment vendors on an up-front basis, government spokesman Steffen Seibert said on Monday.

Blizzard Entertainment cuts punishment for gamer in Hong Kong protests row

U.S. games publisher Blizzard Entertainment has reduced the punishment dealt out to a Hong Kong-based Hearthstone esports gamer for his public support of pro-democracy protests after its decision sparked controversy among players and the public.

Blizzard Entertainment cuts punishment for gamer in HK protests row

U.S. games publisher Blizzard Entertainment has reduced the punishment dealt out to a Hong Kong-based Hearthstone esports gamer for his public support of pro-democracy protests after its decision sparked controversy among players and the public.

EU to investigate Hungarian state aid for Samsung SDI's battery cell plant

EU antitrust regulators on Monday voiced doubts whether Budapest's plan to grant 108 million euros ($119.2 million) to Samsung SDI's battery cell production facility in Hungary complies with the bloc's state aid rules.

Facebook's Libra faces support test after big payment backers quit

Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the would-be digital coin project suffered a severe blow as major payment firms quit.