TEL AVIV (Reuters) - Silicon Valley billionaire Elon Musk was in Israel to discuss a collaboration between electric car company Tesla Inc and Tel Aviv-based artificial intelligence firm Cortica, the Globes financial news website said on Tuesday.
Exclusive: On Amazon, a quarter of merchants' sales are cross-border
LAS VEGAS (Reuters) - Amazon.com Inc is making a push for merchants on its website to sell goods into other countries, setting the stage for greater competition with rival marketplaces run by eBay Inc and potentially Alibaba Group Holding Ltd.
Hyundai Motor cautious about self-driving cars after Uber accident
SEOUL (Reuters) - Hyundai Motor said on Tuesday it is cautious about developing autonomous vehicles because of safety concerns after an Uber [UBER.UL] self-driving car hit and killed a woman in the United States.
UK investigating Facebook's response to alleged data breach
LONDON (Reuters) - Britain's data protection authority is investigating whether Facebook responded robustly to reports that political consultancy Cambridge Analytica improperly gained access to data on 50 million of its users.
China electric car execs call for policy support, end to protectionism
SHANGHAI (Reuters) - Delegates to China's annual meeting of parliament have urged the state to provide more policy clarity for the electric car industry and overhaul a local government subsidy program they say has distorted the market.
Megaupload founder Kim Dotcom asks for Obama to appear in NZ damages case
WELLINGTON (Reuters) - Internet entrepreneur Kim Dotcom said on Tuesday he has filed an application for former U.S. President Barack Obama to appear in court in relation to a damages claim over his defunct Megaupload streaming website while Obama visits New Zealand this week.
Apple grabs two-year lead in 3D sensing race
(Reuters) - Most Android phones will have to wait until 2019 to duplicate the 3D sensing feature behind Apple’s Face ID security, three major parts producers have told Reuters, handicapping Samsung and others on a technology that is set to be worth billions in revenue over the next few years.
Privacy issues emerge as major business risk for Facebook
SAN FRANCISCO/ FRANKFURT (Reuters) - Facebook faces substantial business risks from new European Union privacy rules set to take effect in May, a looming reality that came into stark relief over the weekend with revelations that a controversial political consulting firm had improperly obtained perso...
'Socially responsible' investors reassess Facebook ownership
NEW YORK (Reuters) - With European and U.S. lawmakers calling for investigations into reports that Facebook user data was accessed by UK based consultancy Cambridge Analytica to help President Donald Trump win the 2016 election, investors are asking even more questions about the social media company...
Puerto Rico power utility hacked but customer data not at risk
NEW YORK (Reuters) - Puerto Rico's bankrupt power utility, PREPA, said on Monday it had been hacked over the weekend, but customer information was not compromised.
BlackBerry must face revived U.S. lawsuit over BlackBerry 10
NEW YORK (Reuters) - A U.S. judge on Monday rejected BlackBerry Ltd's request to dismiss a lawsuit claiming it inflated its stock price and defrauded shareholders by painting a misleadingly positive picture of sales prospects for its BlackBerry 10 smartphones.
California regulator proposes regulating Uber like tour buses, limos
SAN FRANCISCO (Reuters) - Uber Technologies Inc should be classified as the same type of transportation as limousines and tour buses, a California regulator said on Monday in a proposal that could change how the ride-hailing company is regulated in its home state.
Facebook under pressure as U.S., EU urge probes of data practices
(Reuters) - Facebook Inc Chief Executive Mark Zuckerberg faced calls on Monday from U.S. and European lawmakers to explain how a consultancy that worked on President Donald Trump's election campaign gained improper access to data on 50 million Facebook users.
Whole Foods calls supplier summit amid Amazon angst
LOS ANGELES/NEW YORK (Reuters) - Whole Foods will host a summit beginning Tuesday for up to 200 of its suppliers in its hometown of Austin, Texas, amid anxiety and speculation about how its ongoing business revamp will play out under new owner Amazon.com.
Self-driving Uber car kills Arizona woman crossing street
TEMPE, Ariz./SAN FRANCISCO (Reuters) - An Uber self-driving car hit and killed a woman crossing the street in Arizona, police said on Monday, marking the first fatality caused by an autonomous vehicle and a potential blow to the technology expected to transform transportation.
G20 leaders to hold fire on cryptocurrencies amid discord: sources
BUENOS AIRES (Reuters) - The world's financial leaders gathering in Argentina on Monday are likely to stop short of any specific action aimed at regulating cryptocurrencies such as Bitcoin, amid discord over the approach, sources at the summit told Reuters.
California regulator proposes to regulate Uber like tour buses, limos
SAN FRANCISCO (Reuters) - A California regulator issued a proposed decision on Monday classifying Uber Technologies Inc [UBER.UL] as the same type of transportation as limousines and tour buses, a finding that could change how the ride-hailing company is regulated in its home state.
U.S. bans transactions with Venezuela's digital currency: White House
WASHINGTON (Reuters) - U.S. President Donald Trump on Monday signed an executive order barring any U.S.-based financial transactions involving Venezuela's new petro cryptocurrency, as U.S. officials warned that it was a "scam" by President Nicolas Maduro's government to further undermine democracy i...
Tech stocks wobble in U.S.; some investors worry party is ending
SAN FRANCISCO (Reuters) - A deep sell-off across technology companies on Monday on U.S. stock markets left some investors worrying how much longer those high-flying stocks' market leadership would last.
Judge weighs what evidence U.S. can use to block AT&T, Time Warner merger
WASHINGTON (Reuters) - AT&T Inc sought to persuade a judge on Monday to throw out evidence the government seeks to use in a trial that begins this week to show that the company's $85 billion acquisition of Time Warner Inc would harm consumers and competitors.
Woman dies in Arizona after being hit by Uber self-driving SUV
SAN FRANCISCO (Reuters) - A woman was killed by an Uber self-driving sport utility vehicle in Arizona, police said on Monday, and the ride hailing company said it had suspended its autonomous vehicle program across the United States and Canada.
Woman dies in Arizona after being hit by Uber self-driving car
SAN FRANCISCO (Reuters) - A woman died of her injuries after being struck by a Uber [UBER.UL] self-driving vehicle in Arizona, police said on Monday, and the ride hailing company said it had suspended its autonomous vehicle program across the United States and Canada.
Dropbox IPO oversubscribed: sources
(Reuters) - Cloud storage company Dropbox Inc's [DBX.O] initial public offering was oversubscribed, two people familiar with the matter said on Monday, indicating healthy demand for the first big tech IPO this year even as tech stocks opened the week on sour note.
U.S. blocks use of Venezuela's digital currency: White House
WASHINGTON (Reuters) - U.S. President Donald Trump on Monday blocked the use of Venezuelan cryptocurrencies through an executive order prohibiting such transactions by those in the United States, the White House said in a statement.
Google courts game developers with expanded services lineup
SAN FRANCISCO (Reuters) - Alphabet Inc's Google on Monday unveiled new tools for game developers, days after opening Maps to create location-based online games, challenging technology rivals including Amazon.com Inc in the bid for a bigger slice of the lucrative industry.
Facebook under pressure as EU, U.S. urge probes of data practices
(Reuters) - Facebook Inc faced growing pressure on Monday after European and U.S. lawmakers called for investigations into reports that a consultancy that worked on President Donald Trump's campaign gained access to data on 50 million Facebook users.
Trial kicks off in U.S. challenge to AT&T, Time Warner merger
WASHINGTON (Reuters) - A trial that could shape the future of U.S. media ownership kicks off in Washington this week as the Department of Justice seeks to block AT&T Inc's $85 billion acquisition of Time Warner Inc.
Britain's RBS planning digital-only bank: Sky News
LONDON (Reuters) - Britain's Royal Bank of Scotland is working on plans to create a standalone digital bank, Sky News reported on Monday, as small, app-only banks with low fees target traditional lenders' market share.
British prime minister very concerned by Facebook data abuse reports
LONDON (Reuters) - Britain is very concerned by allegations that the British data firm Cambridge Analytica exploited data on millions of Facebook users without their authorization in election campaigns, a spokesman for Prime Minister Theresa May said on Monday.
UK government to study cryptocurrency risks in more detail
LONDON (Reuters) - Britain's government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin, British junior finance minister John Glen said on Monday.