Global regulators to work on test bed for fintechs

LONDON (Reuters) - Regulators from across the world start work this week on a blueprint for a global "sandbox" or testing bed for new financial technology applications, Britain's Financial Conduct Authority said on Monday.

SoftBank could relist British chip designer ARM: FT

(Reuters) - SoftBank Group Corp could relist ARM Holdings, the British chip designer it bought two years ago, according to a senior executive at the Japanese conglomerate, the Financial Times reported on Monday.

Facebook shares slide after reports of data misuse

(Reuters) - Facebook Inc's shares fell 4 percent in premarket on Monday after media reports that a political consultancy that worked on President Donald Trump's campaign gained inappropriate access to data on 50 million Facebook users.

EU lawmakers to investigate alleged misuse of Facebook users' data

BRUSSELS (Reuters) - EU lawmakers will investigate whether the data of more than 50 million Facebook users has been misused, the head of European Parliament said on Monday.

More shoppers want customer service from gadgets over humans: study

(Reuters) - Most buyers prefer to be left alone as they shop in store for items like apparel and prefer to use in-store technology for customer service over personalized attention from store employees, according to a new study.

Shanghai stock exchange OKs Didi Chuxing's $1.6 billion shelf offering

(Reuters) - The Shanghai Stock Exchange has approved a 10 billion yuan ($1.58 billion) shelf offering by Chinese ride-hailing firm Didi Chuxing, the company said on Monday.

Online furniture retailer Home24 trims losses as it eyes listing​

BERLIN (Reuters) - German online retailer Home24, which aims to challenge IKEA's dominance of the European furniture market, accelerated sales and trimmed losses in the fourth quarter after sources said it is considering a stock market listing.

Alibaba doubles Lazada investment to $4 billion in aggressive Southeast Asian expansion

BEIJING/SINGAPORE (Reuters) - Alibaba Group Holding Ltd said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive expansion in the region.

Apple developing own screens using next-generation MicroLED tech: Bloomberg

(Reuters) - Apple Inc is developing its own MicroLED device displays and has made small numbers of the screens for testing, Bloomberg reported, in a move that could hurt Asian display suppliers to the U.S. tech giant over the long-term.

Ikea rival Home24 trims losses as it eyes listing​

BERLIN (Reuters) - German online retailer Home24, which wants to challenge IKEA's dominance of the European furniture market, accelerated sales and trimmed its losses in the fourth-quarter after sources reported it is considering a stock market listing. [nL8N1QX64B]

Uber, Ola drivers strike in India for higher pay

MUMBAI (Reuters) - Drivers for app-based cab aggregators Uber and Ola started an indefinite strike across India on Monday, demanding extra pay as a surge in the number of cabs on the two platforms, coupled with cutbacks in incentive payments, have stung drivers.

Uber, Ola drivers strike in India for higher pay

MUMBAI (Reuters) - Drivers for app-based cab aggregators Uber and Ola started an indefinite strike across India on Monday, demanding extra pay as a surge in the number of cabs on the two platforms, coupled with cutbacks in incentive payments, have stung drivers.

How China's ride-hailing giant Didi plans to challenge Uber in Mexico

MEXICO CITY/SAN FRANCISCO (Reuters) - Working quietly from a shared office space in one of Mexico City's trendiest neighborhoods, China's ride-hailing giant Didi Chuxing is planning to hit its archrival Uber where it hurts.

Amazon tracks repeat shoppers for line-free Seattle store - and there are many

LAS VEGAS (Reuters) - Amazon.com Inc is tracking how regularly customers shop at its store without checkout lines in Seattle - and so far, the verdict is they keep coming back.

Alibaba to invest extra $2 billion in Lazada in aggressive Southeast Asian expansion

BEIJING (Reuters) - Alibaba Group Holding Ltd said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group and replace its chief executive, consolidating its control over the firm as it targets an aggressive expansion in the region.

Exclusive: 'Where can I buy?' - Google makes push to turn product searches into cash

NEW YORK (Reuters) - Alphabet Inc's Google routinely fields product queries from millions of shoppers. Now it wants to take a cut of their purchases, too.

Adrian Lamo, ‘Homeless Hacker’ Who Turned in Chelsea Manning, Dead at 37

Adrian Lamo, the hacker probably best known for breaking into The New York Times‘s network and for reporting Chelsea Manning‘s theft of classified documents to the FBI, was found dead in a Kansas apartment on Wednesday. Lamo was widely reviled and criticized for turning in Manning, but t...

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Adrian Lamo, ‘Homeless Hacker’ Who Turned in Chelsea Manning, Dead at 37

Adrian Lamo, the hacker probably best known for breaking into The New York Times‘s network and for reporting Chelsea Manning‘s theft of classified documents to the FBI, was found dead in a Kansas apartment on Wednesday. Lamo was widely reviled and criticized for turning in Manning, but t...

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Alibaba to invest additional $2 billion in Lazada, replaces CEO

BEIJING (Reuters) - Alibaba Group Holding Ltd said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group as part of the Chinese firm's push into new markets.

Apple is developing own MicroLED screens: Bloomberg

(Reuters) - Apple Inc is developing its own MicroLED device displays and has made small numbers of the screens for testing, Bloomberg reported on Sunday.

Apple is designing and testing screens: Bloomberg

NEW YORK (Reuters) - Apple Inc. is for the first time creating its own device displays, according to a Bloomberg News report on

G20 watchdog focuses on rules review, holds fire on cryptocurrencies

LONDON (Reuters) - The global watchdog that drove through a welter of banking and market reforms after the financial crisis said it will pivot more toward reviewing existing rules and away from designing new ones.

Republican lawmakers concerned by Facebook data leak

WASHINGTON (Reuters) - Several U.S. Republican lawmakers expressed concern over privacy violations on Sunday after media reports that a political consultancy that worked on President Donald Trump's campaign gained inappropriate access to 50 million Facebook users' data.

Desilu plans U.S. listing to complete Vonetize acquisition

JERUSALEM (Reuters) - Desilu Studios plans to go public in the United States as a second stage of a proposed acquisition of Israeli technology start-up Vonetize.

Bundesbank's Buch adds to calls for cryptocurrency regulation

BERLIN (Reuters) - Regulation of cryptocurrencies must be considered, Bundesbank vice president Claudia Buch told Reuters, even though she does not believe they pose a threat to financial stability.

China's Didi looks to raise $1.6 billion via asset-backed securities

SHANGHAI (Reuters) - A unit of Chinese ride-hailing firm Didi Chuxing has submitted an application to raise 10 billion yuan ($1.6 billion) through an issuance of asset-backed securities. FILE PHOTO: A staff member walks at Didi Chuxing's booth at the Global Mobile Internet Conference (GMIC) 2017 in ...

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Baidu video streaming unit iQiyi launches $2.4 billion U.S. IPO

(Reuters) - Chinese video streaming service provider iQiyi Inc, a unit of search engine giant Baidu Inc (BIDU.O), has launched an initial public offering in New York worth up to $2.4 billion, seeking to expand its range of content. A person holds a phone with Baidu Inc's video streaming service iQiy...

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Facebook critics want regulation, investigation after data misuse

SAN FRANCISCO (Reuters) - Facebook Inc faced new calls for regulation from within U.S. Congress and was hit with questions about personal data safeguards on Saturday after reports a political consultant gained inappropriate access to 50 million users’ data starting in 2014. FILE PHOTO: A Faceb...

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Trump consultants harvested data from 50 million Facebook users: reports

(Reuters) - Data analytics firm Cambridge Analytica harvested private information from more than 50 million Facebook users in developing techniques to support President Donald Trump’s 2016 election campaign, the New York Times and London’s Observer reported on Saturday. FILE PHOTO: A Fac...

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Facebook suspends data analytics firm that worked for Trump campaign

(Reuters) - Facebook Inc on Friday said it was suspending political data analytics firm Cambridge Analytica, which worked for President Donald Trump’s 2016 election campaign, after finding data privacy policies had been violated. FILE PHOTO: A Facebook logo is seen at the Facebook Gather confe...

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