LONDON (Reuters) – Sovereign investors are sinking more money into tech start-ups and opening offices in Silicon Valley in the hope of bagging a “unicorn” – the rare private firm that grows in value to over $1 billion.
(Reuters) – Snap Inc shares plunged as much as 23.5 percent on Thursday after the owner of the wildly popular Snapchat app’s user growth and revenue numbers failed to show that it was adequately dealing with rising competition from Facebook.
BERLIN (Reuters) – Germany’s federal cyber agency said on Thursday that Yahoo Inc had not cooperated with its investigation into a series of hacks that compromised more than one billion of the U.S. company’s email users between 2013 and 2016.
MOSCOW (Reuters) – Russia has restored access to Chinese social media app WeChat, developed by Tencent Holdings, Russia’s communications watchdog said on Thursday.
(Reuters) – Founders of Indian online marketplace Snapdeal and one of its early investors, Nexus, have reached an agreement with SoftBank Group that would allow the Japanese firm to move ahead with its plan to sell Snapdeal to bigger rival Flipkart, ET…
TOKYO (Reuters) – Panasonic Corp said on Thursday it expects operating profit to rise by one-fifth year-on-year this financial year as investments in advanced automotive parts begin to pay off.
BRUSSELS/LUXEMBOURG (Reuters) – Uber faces the biggest challenge yet to its European roll-out after the region’s top court was advised to rule that the U.S. ride-hailing firm is actually a transport service not an app.
YANGON (Reuters) – Uber Technologies Inc [UBER.UL] is only hiring government-accredited taxi drivers in Myanmar, a regional executive said, a move that allows it to avoid the legal hurdles that have dogged it across Asia in one of the region’s last fro…
HONG KONG (Reuters) – China’s AAC Technologies on Thursday denied accusations of “dubious accounting” practices from short-seller Gotham City Research that sent shares in the Apple Inc supplier sharply lower.
SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd on Thursday named a new head of mobile marketing and a new China chief as part of an executive reshuffle designed to prevent a “decline” in momentum following the arrest of its vice chairman.
(Reuters) – HCL Technologies Ltd , India’s fourth-biggest software services firm, reported a better-than-expected 28 percent rise in consolidated fourth-quarter profit, as it added more clients in the quarter and revenue from software services rose.
HONG KONG/TEL AVIV (Reuters) – Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel.
NEW YORK (Reuters) – New York Governor Andrew Cuomo said on Wednesday that the state will allow testing of autonomous vehicles on public roads, potentially leaving perplexed New Yorkers wondering who to flip off when they jaywalk in front of a car with…
(Reuters) – Snap Inc shares plunged on Wednesday after the owner of Snapchat reported slowing user growth and revenue in its first earnings report as a public company, missing some Wall Street estimates as it competes with copycat messaging apps.
PORTLAND, Ore. (Reuters) – The city of Portland, Oregon, on Wednesday directed its attorneys to issue a subpoena intended to force Uber Technologies Inc to disclose software that helped its drivers evade local transportation authorities.
SAN JOSE (Reuters) – Nvidia Corp announced a partnership with Toyota Motor Corp on Wednesday, saying the Japanese car maker would use Nvidia’s artificial intelligence technology to develop self-driving vehicle systems planned for the next few years.
NEW YORK (Reuters) – The Bank of New York Mellon Corp has developed and deployed automated computer programs, or more than 220 “bots”, across its businesses over the past 15 months seeking more efficiency and lower costs, as the adoption of artificial…
(Reuters) – Tesla Inc on Wednesday began taking orders for its solar roof tiles, a cornerstone of Elon Musk’s strategy to sell a fossil-fuel-free lifestyle under the brand name of its luxury electric vehicles.
PARIS (Reuters) – LVMH is launching a multi-brand e-commerce website inspired by its exclusive Parisian department store Le Bon Marche, as the world’s biggest luxury goods group steps up the digital side of its business.
SAN FRANCISCO (Reuters) – Facebook is planning to intensify its crackdown on so-called clickbait websites, saying it will begin giving lower prominence to links that lead to pages full of deceptive or annoying advertisements.
(Reuters) – Microsoft Corp on Wednesday turned up the heat on other technology giants by launching new image and video recognition products which could help it court businesses worried about running ads next to offensive content.
NEW YORK (Reuters) – Snap Inc has many similarities with archrivals Facebook Inc and Twitter Inc , but shareholders are eager to avoid one in particular when the social media company reports earnings on Wednesday for the first time since its initial …
(Reuters) – Lemonade Inc, a tech-driven insurance startup that promises renters and homeowners insurance in as little as 90 seconds and payment of claims in 3 minutes, has won approval from California regulators to sell policies in the state, the compa…
LONDON (Reuters) – Britain is emerging as a hotbed for utility-scale battery development, with two of Europe’s three biggest projects under way there and several companies joining a race that could shake up the energy market.
BRUSSELS (Reuters) – The European Union plans to launch more antitrust investigations into e-commerce companies after a two-year inquiry uncovered business practices that restrict competition, the European Commission said on Wednesday.
BRUSSELS (Reuters) – The European Union’s executive is planning a possible law to deal with complaints about unfair trading practices by leading online players such as Apple and Google .
HELSINKI (Reuters) – Apple has acquired a sleep tracking app and hardware maker Beddit, the company said on Wednesday.