(Reuters) - Netflix Inc's blitz of original programs attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video streaming pioneer's massive spending will fuel growth around the world.
Elon Musk's Boring Company raises $112.5 million for hyperloop
(Reuters) - Elon Musk's Boring Company has raised $112.5 million in equity, the firm said in a regulatory filing on Monday, as it seeks to build underground tunnels for its hyperloop transportation project.
Exclusive: BlackRock's biggest stock-picking fund likes Facebook shares
NEW YORK (Reuters) - The biggest stock-picking fund at BlackRock Inc raised its bet on Facebook Inc in March, a source familiar with the matter said, making the social media company a top 10 equity holding and apparently betting that Facebook's privacy scandal will not weigh on the stock for long.
Netflix original shows lure more new subscribers than expected
(Reuters) - Netflix Inc's blitz of new programming attracted a surprisingly high 7.4 million new customers from January to March, reassuring investors who are betting the video streaming pioneer's massive spending will fuel growth around the world.
T-Mobile to pay $40 million over false ring tones on rural U.S. calls
WASHINGTON (Reuters) - T-Mobile USA Inc agreed on Monday to pay $40 million to resolve a government investigation that found it failed to correct problems with delivering calls in rural areas and inserted false ring tones in hundreds of millions of calls, the Federal Communications Commission said.
Majority of divisive Facebook ads bought by "suspicious groups" - study
(Reuters) - Most of the political ads about divisive issues that ran on Facebook Inc before the 2016 U.S. presidential election were sponsored by "suspicious groups" with no publicly available information about them, according to a study released on Monday and based on a database of five million ads...
Lawmakers publish evidence that Cambridge Analytica work helped Brexit group
LONDON (Reuters) - British lawmakers on Monday published evidence that Brexit campaign group Leave.EU benefited from work by Cambridge Analytica, a political consultancy at the center of a recent storm over use of Facebook data.
Toyota to launch 'talking' vehicles in United States in 2021
WASHINGTON (Reuters) - Toyota Motor Corp plans to start selling U.S. vehicles that can talk to each other using short-range wireless technology in 2021, the Japanese automaker said on Monday, potentially preventing thousands of accidents annually.
Zuckerberg testimony undermines Facebook stance in terrorism case: U.S. court filing
NEW YORK (Reuters) - A lawyer for victims of terrorist attacks in Israel on Monday urged a federal appeals court to revive their lawsuit against Facebook Inc, saying Mark Zuckerberg's congressional testimony undermined the social media company's argument that it bore no responsibility for content on...
Exclusive: Google unveils vetting process for drug rehab ads
SAN FRANCISCO (Reuters) - Google told Reuters Monday it would resume accepting ads from U.S. addiction treatment centers in July, nearly a year after the Alphabet Inc unit suspended the lucrative category of advertisers for numerous deceptive and misleading ads.
France builds WhatsApp rival due to surveillance risk
PARIS (Reuters) - The French government is building its own encrypted messenger service to ease fears that foreign entities could spy on private conversations between top officials, the digital ministry said on Monday.
EU digital chief to meet with Facebook CEO amid privacy scandal
BRUSSELS (Reuters) - The European Union's digital chief will meet with Facebook CEO Mark Zuckerberg in San Francisco as the world's largest social network faces increasing scrutiny over its use of personal data.
British facial verification tech firm secures U.S. border contract
LONDON (Reuters) - A British technology firm has been awarded a contract by the U.S. Department of Homeland Security (DHS) to use biometric facial verification technology to improve border control, the first foreign firm to win such a contract in the United States.
Barclays targets technology with venture capital-style business
LONDON (Reuters) - Barclays said it has set up a venture capital-style unit to drive innovation and returns within its UK business.
Russia starts blocking Telegram messenger
MOSCOW (Reuters) - Russia's state telecommunications regulator said on Monday it had begun blocking access to Telegram messenger after the company refused to comply with an order to give Russian state security access to its users' secret messages.
Philippines complains Facebook fact-checkers are biased
MANILA (Reuters) - The Philippines government criticized on Monday Facebook's choice of two independent online news platforms to help fight the spread of fake news, saying they are biased against President Rodrigo Duterte.
UK pubs group JD Wetherspoon drops social media in protest
(Reuters) - British pubs group JD Wetherspoon closed all its social media accounts on Monday, saying it was taking a stand against an industry accused of misusing personal data and allowing bullying to run rife.
Russia starts blocking Telegram messenger: regulator
MOSCOW (Reuters) - Russia's state telecommunications regulator said on Monday it had begun blocking access to messenger service Telegram, implementing a decision by a Russian court.
Oracle co-CEO Catz expects acceleration in cloud business
TEL AVIV (Reuters) - Oracle Corp co-CEO Safra Catz said on Monday she expects an acceleration in the company's cloud business after the software maker last month reported sales from its cloud business that fell short of Wall Street expectations.
Indian ride-hailing firm Ola to add 10,000 electric three-wheelers to fleet
NEW DELHI (Reuters) - Indian ride-hailing firm Ola, backed by Japan's SoftBank Group, said it will add 10,000 electric three-wheelers to its fleet over the next 12 months as part of a plan to promote the use of electric vehicles.
Italian minister calls Vivendi 'awful' investor in Telecom Italia
MILAN (Reuters) - Vivendi has been an "awful" investor in Telecom Italia (TIM) , Italy's outgoing Industry Minister Carlo Calenda told la Repubblica daily on Monday, as the French media group fights to keep its grip on Italy's biggest phone group.
Qualcomm to refile China antitrust application for $44 billion NXP takeover: sources
BEIJING (Reuters) - U.S. chipmaker Qualcomm will refile as early as Monday an application with the Chinese government to clear its $44 billion takeover of NXP Semiconductors , sources said, giving regulators more time to decide on the deal and averting a collapse.
Singapore proposes allowing some Airbnb type rentals but with cap
SINGAPORE (Reuters) - Singapore proposed on Monday allowing private home owners to let out their property for short-term rentals but with an annual cap of 90 days a year - part of a consultation process welcomed by rental service Airbnb.
Vivendi 'awful' investor in Telecom Italia: Italian minister to paper
MILAN (Reuters) - Vivendi has been an "awful" investor in Telecom Italia, Italy's Industry Minister Carlo Calenda told La Repubblica daily on Monday, as the French media group fights to keep its grip on Italy's biggest phone group.
Indian ride-hailing firm Ola to launch 10,000 electric vehicles over 12 months
NEW DELHI (Reuters) - Indian ride-hailing firm Ola, backed by Japan's SoftBank Group will launch 10,000 electric three-wheelers in the country over the next 12 months as part of a broader electrification plan, the company said in a statement on Monday.
German minister to carmakers: Invest in electric cars or lose out
BERLIN (Reuters) - The German automotive industry must invest heavily in electric car technology and develop battery production facilities in Europe to keep up with global competitors, Economy Minister Peter Altmaier said in a newspaper interview published on Monday.
Singapore seeks feedback on proposal to allow Airbnb-style rentals
SINGAPORE (Reuters) - Singapore began seeking public feedback on proposals to allow short-term rentals of private homes such as those on Airbnb.
Germany says it has to assume Russia behind recent cyber attack
BERLIN (Reuters) - The German government has to assume that a cyber attack on its Foreign Ministry stemmed from Russia, Foreign Minister Heiko Maas told the broadcaster ZDF on Sunday.
Facebook fuels broad privacy debate by tracking non-users
SAN FRANCISCO (Reuters) - Concern about Facebook Inc's respect for data privacy is widening to include the information it collects about non-users, after Chief Executive Mark Zuckerberg said the world's largest social network tracks people whether they have accounts or not.
Israel's Partner in collaboration deal with Amazon Prime Video
TEL AVIV (Reuters) - Partner Communications, Israel's second-largest mobile phone operator, said on Sunday it signed a collaboration agreement with Amazon Prime Video for its TV service.