JAKARTA (Reuters) - Indonesia's financial regulator said it was considering setting a cap on interest rates and the size of loans offered by fintech firms, in a move aimed at minimizing the risk of defaults. [Source]
LONDON (Reuters) - Four high-profile British lawmakers have called for Rupert Murdoch's Twenty-First Century Fox to be blocked from buying Sky , saying the mogul will be able to influence its news output despite promises to the contrary.
FRANKFURT (Reuters) - BMW will not mass produce electric cars until 2020 because its current technology is not profitable enough to scale up for volume production, the chief executive said on Thursday.
(Reuters) - A New York City regulator is probing 13 buildings controlled by a company formerly run by Jared Kushner, a top aide to U.S. President Donald Trump and his son-in-law, over possible "illegal activity" related to work permits, according to public filings.
JOHANNESBURG (Reuters) - Naspers is cutting its stake in lucrative Chinese investment Tencent by as much as 2 percent in a deal that could net the South African media and e-commerce group up to $11 billion.
ROME (Reuters) - Telecom Italia (TIM) is open to selling a stake in its soon-to-be-created network company and list the unit, but only once it becomes a fully regulated business to ensure stable returns, two sources with direct knowledge of the matter said.
SINGAPORE (Reuters) - Global tech giants including Facebook and Twitter on Thursday expressed concern about a possible Singapore plan to bring in a new law to tackle the threat of fake news, saying sufficient rules are already in place.
HONG KONG (Reuters) - Tencent Holdings lost almost $20 billion from its market value on Thursday after the Chinese internet giant missed quarterly revenue estimates and warned that planned investments may hurt margins.
HONG KONG (Reuters) - China's SZ DJI Technology Co Ltd, the world's largest maker of drones for consumers, is in talks with investors for at least $500 million in funding ahead of a planned stock market debut, people with knowledge of the matter said.
WASHINGTON (Reuters) - A federal spending bill released late on Wednesday included bipartisan legislation that would amend a decades-old privacy law to clarify that a U.S. warrant seeking data stored overseas is valid in certain circumstances.
LONDON (Reuters) - Britain will announce a task force on Thursday to exploit the technology underpinning cryptoassets, such as bitcoin and other cryptocurrencies, as part of new plans to help fintech companies to find more customers.
SAN FRANCISCO (Reuters) - Collaboration software provider Slack Technologies Inc is building a safety engineering team that will develop methods to help reduce the disruptions that have been more frequent on Slack's service than rival systems, the company told Reuters.
STRATFORD, Ontario (Reuters) - A Canadian town known for its annual theater festival is emerging as a hub of "snowtonomous" research, as automakers face demands to produce self-driving cars that can perform in snow and sleet.
WASHINGTON/NEW YORK (Reuters) - Tech start-ups that issue digital tokens to raise funds are falling in line with U.S. securities laws or seeking legal ways to skirt them after the Securities and Exchange Commission (SEC) said it planned to regulate the market.
WASHINGTON (Reuters) - Lawmakers have included nearly $400 million in a massive federal government spending bill to help safeguard U.S. voting systems from cyber attacks, three sources familiar with negotiations said on Wednesday.
MUNICH (Reuters) - BMW will not change its strategy on autonomous vehicle testing despite the death of a pedestrian struck by a self-driving car during tests by ride-hailing firm Uber [UBER.UL], senior executives said on Wednesday.
BEIJING (Reuters) - Chinese electric vehicle (EV) maker BYD Co will open a battery recycling plant in Shanghai in the second quarter as it looks to reduce raw material costs and help to address battery waste, a spokeswoman said on Wednesday.
HONG KONG (Reuters) - Chinese internet giant Tencent Holdings will step up investments in areas such as video, payment and artificial intelligence, it said after reporting better than expected quarterly net profit thanks to a string of successful IPOs.
BEIJING, March 21 (Reuters) - China has named Guo Shuqing as the head of the newly formed regulator for the banking and insurance sectors, financial publication Caixin reported on Wednesday without citing a direct source.
HONG KONG (Reuters) - Chinese internet giant Tencent Holdings Ltd posted on Wednesday a 98 percent rise in quarterly net profit, beating expectations as it deepens monetization of the growing traffic on its social networks.
BEIJING, March 21 (Reuters) - China has named Guo Shuqing as the head of the newly formed regulator for the banking and insurance sectors, financial publication Caixin reported on Wednesday without citing a direct source.
HONG KONG (Reuters) - China's biggest smartphone makers are collaborating to promote download-free "fast apps", in a move backed by the government and likely to threaten Tencent Holdings' grip on mobile traffic with its wildly popular WeChat app.
SANTIAGO, March 20 (Reuters) - A global battle for lithium has landed in the office of a tiny Chilean regulator, which may decide a winner as it reviews a petition to block Chinese firms from buying a stake in top producer SQM .
JAKARTA (Reuters) - In the Jakarta headquarters of the Indonesian Solidarity Party (PSI), workers call each other "bro" and "sis", and their leader sets the sartorial standard with a pair of ripped jeans.
(Reuters) - Daniel Ek, the CEO and co-founder of streaming music leader Spotify Technology SA , is eligible to sell up to 15.8 million shares of the company worth up to $2 billion in its direct listing, the company disclosed in a filing on Tuesday.
BUENOS AIRES (Reuters) - Financial policymakers from the world's top 20 economies agreed to keep a watchful eye on cryptocurrencies on Tuesday and opened the door to regulating the booming industry at a later stage.
TEL AVIV (Reuters) - U.S. electric car company Tesla Inc said on Tuesday that Chief Executive Elon Musk, who was visiting Israel, did not discuss a collaboration with artificial intelligence firm Cortica.
BUENOS AIRES (Reuters) - Financial policymakers gathering in Buenos Aires on Tuesday agreed cryptocurrencies posed some risks but should not be banned altogether, the head of Italy's central bank said on Tuesday after the meeting.
(Reuters) - Salesforce.com Inc is in advanced discussions to acquire U.S. software maker MuleSoft Inc , people familiar with the matter told Reuters on Tuesday, as it looks to expand its offerings beyond customer relationship management software.
WASHINGTON (Reuters) - A U.S. Senate panel on Tuesday will ask automakers and regulators why tens of millions of vehicles with faulty Takata air bag inflators remain on the road years after deaths prompted the largest auto safety recall in history.
CAIRO (Reuters) - Egypt suspended the licenses of ride-hailing companies Uber and Careem on Tuesday, in a court ruling after taxi drivers sought to shut down the two firms' operations in the country, judicial sources said.
(Reuters) - Wall Street's main indexes opened higher on Tuesday, led by gains in financial stocks ahead of a near-certain interest rate hike by the Federal Reserve, but declines in Facebook and Oracle weighed on technology shares.
CAIRO (Reuters) - An Egyptian court on Tuesday ordered the suspension of licences for ride-hailing companies Uber and Careem pending a lawsuit calling for them to halt services in Egypt, judicial sources said.
TEL AVIV (Reuters) - Retired Mossad chief Tamir Pardo said he has assembled a team of more than 30 hackers from Israel's security and intelligence services into a startup called XM Cyber that seeks to keep companies' networks safe by imitating how real hackers work.
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.
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.
NEW YORK (Reuters) - As a senior vice president at Wachovia and then Morgan Stanley during the dark months of the 2008 and 2009 financial crisis, Derek Peterson watched as colleagues lost their jobs and life savings and wondered if he was next.
NEW YORK, March 20 (Reuters) - As a senior vice president at Wachovia and then Morgan Stanley during the dark months of the 2008 and 2009 financial crisis, Derek Peterson watched as colleagues lost their jobs and life savings and wondered if he was next.
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.
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 personal data on 50 million Facebook users.
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's operations.
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.
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.
BUENOS AIRES (Reuters) - The world's financial leaders were seeking on Monday to clearly endorse free trade and renounce protectionism amid concern that U.S. tariffs on steel and aluminum and looming actions against China could trigger a trade war that would hurt global growth.
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.
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.
(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.
(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.
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 said it is considering a stock market listing.
(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.
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.
SEATTLE, March 16 (Reuters) - The top U.S. railways regulator plans to hold a series of meetings with disgruntled shippers and other customers starting next month, after fresh complaints over service delays and higher costs from automotive and grain lobby groups.
WASHINGTON (Reuters) - A federal court has halted the activities and frozen the assets of four people who allegedly promoted schemes falsely promising large returns for small payments of bitcoin and other cryptocurrencies, the Federal Trade Commission said on Friday.
ISTANBUL (Reuters) - Istanbul's taxi drivers have taken Uber to court, accusing the U.S.-based ride-hailing app of endangering their livelihoods in a case that could crimp its business in Europe's largest city.
BUENOS AIRES (Reuters) - Argentina is preparing to auction 90 megahertz of 4G spectrum to mobile telephone and internet companies in a process that has already attracted interest from Telecom Argentina SA, Telefonica SA and Claro, a government source told Reuters.
HONG KONG (Reuters) - JD.com Inc's finance arm is looking to raise about 12 billion yuan ($1.9 billion) in fresh equity that could see its value double from last year to more than $20 billion, three people with knowledge of the matter said.
LONDON (Reuters) - Britain's second city Birmingham is seeking clarity from Uber [UBER.UL] on its business model as it decides whether to renew the taxi app's license after granting a temporary extension.
HONG KONG (Reuters) - Shares in Leshi Internet Information & Technology Corp Beijing slumped 10 percent on Friday after its chairman resigned, fanning fears he would no longer play a white knight role for the embattled firm.
TOKYO (Reuters) - Uber Technologies is discussing the possibility of installing its self-driving system in Toyota Motor Co vehicles as the U.S. ride-hailing firm seeks to sell its autonomous driving technology to outside companies, the Nikkei reported on Friday.
SYDNEY (Reuters) - Indonesia has lobbied Southeast Asian countries to carry out maritime patrols in the disputed South China Sea, claimed in most part by China, to improve security, Defence Minister Ryamizard Ryacudu said on Friday.
HONG KONG (Reuters) - Shares in Leshi Internet Information & Technology Corp Beijing slumped by their daily limit of 10 percent on Friday after its chairman resigned, fanning fears he would no longer play a white knight role for the embattled firm.
SHANGHAI (Reuters) - China is preparing to launch depository receipts that would open the door to some of the country's top tech firms issuing a form of shares on the mainland, the state-run Shanghai Securities News said on Friday, citing a senior regulatory official.
WASHINGTON (Reuters) - Lawmakers pushing legislation aimed at preventing China from acquiring sensitive U.S. technology have proposed relaxing elements of the measure after lobbying by high-tech firms but will tighten another portion, according to a draft revision seen by Reuters.
(Reuters) - Adobe Systems Inc topped analysts' profit and revenue estimates for the seventh straight quarter on higher subscriptions for its Creative Cloud suite of software, and pointed to rising average revenue per user.
LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify used its cultural cool factor to appeal to mom-and-pop investors in an unconventional presentation ahead of its April 3 stock market listing.
(Reuters) - Adobe Systems Inc's earnings and revenue topped Wall Street forecasts for the seventh straight quarter, led by higher subscriptions for its flagship Creative Cloud suite of software that houses Photoshop.
LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify said on Thursday it has a clear path to profit as it spelled out to retail investors its growth plans and how it aims to fend off big rivals Apple Inc and Amazon.com Inc ahead of an unusual April 3 listing.
(Reuters) - Online trading platform CMC Markets Plc said on Thursday it had launched contracts for differences (CFDs) and spreadbetting offerings for cryptocurrencies following significant interest from its users.
BERLIN (Reuters) - The Chinese government is evaluating a German law that lays the groundwork for use of self-driving cars, and will likely adopt some of the German rules, a legal expert said on Thursday.
BRUSSELS (Reuters) - Large companies with significant digital revenues in the European Union could face a 3 percent tax on their turnover under a draft proposal from the European Commission seen by Reuters.
LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify said on Thursday it has a clear path to profit as it prepared to spell out to investors the company's growth plans and how it aims to fend off major rivals ahead of a stock market listing.
(Reuters) - Facebook Inc on Thursday said it will roll out the stripped down version of its social media platform, Facebook Lite, to more countries including developed ones, to attract users struggling with slower mobile data connections.
LONDON/SAN FRANCISCO (Reuters) - U.S. President Donald Trump has blocked microchip maker Broadcom Ltd's $117 billion takeover of rival Qualcomm amid concerns that it would give China the upper hand in the next generation of mobile communications, or 5G.
LONDON (Reuters) - Uber [UBER.UL] said on Thursday it will share data gathered from the millions of trips its cars make in London in the latest move to meet requests from the city's regulator, which stripped the taxi app of its license last year.
JAKARTA (Reuters) - Indonesia has impounded more than 200 tonnes of garlic imported from China, warning that a microscopic worm infestation found in the shipment could put at risk plans by the Southeast Asian country to boost its own garlic crop.
AMSTERDAM (Reuters) - Overnight stays in Amsterdam booked via AirBnB grew strongly in 2017, despite restrictions placed on homeowners by the city, according to a study published on Thursday by Colliers' and Hotelschool The Hague.
SEOUL (Reuters) - Samsung Electronics Co Ltd plans to begin building a new memory chip production line in China in late March, a spokesman said on Thursday, as the tech giant ramps up efforts to boost NAND flash technology to meet future demand.
(Reuters) - Canadian automotive parts supplier Magna International Inc said on Wednesday it will invest $200 million in Lyft Inc and work with the U.S. ride-hailing firm to manufacture self-driving cars.
LONDON (Reuters) - Alphabet Inc's Google said on Wednesday it was banning advertisements for cryptocurrencies and initial coin offerings, the latest internet company to clamp down on the sector amid growing concerns about scams.
MEXICO CITY (Reuters) - America Movil, Mexico's largest telecommunications firm, will roll out a faster 4.5G network in 76 cities across the country by the end of 2018, the company's chief executive Daniel Hajj said on Wednesday.
(Reuters) - Britain's privacy watchdog said it had dropped an investigation into WhatsApp after the messaging service signed an undertaking not to share the personal data of users with its owner Facebook.
BOCA RATON, Fla. (Reuters) - Cryptocurrency exchange operator Coinfloor said on Wednesday it will launch a futures exchange for digital assets that will include the first physically delivered bitcoin futures contracts next month.
LONDON (Reuters) - Facebook said on Wednesday it banned Britain First from its platform for breaking rules against inciting hatred, blacklisting a far-right group brought to global attention when U.S. President Donald Trump retweeted its anti-Islamic posts.
SHANGHAI (Reuters) - Most Chinese investors expect regulators to relax rules on initial public offerings (IPOs) by technology companies, and would like to invest in such domestic listings, the Shenzhen Stock Exchange said on Wednesday, citing a recent survey.
BEIJING (Reuters) - China's financial watchdogs are pushing for harsher rules and stepping up action against miscreants, spurred on by official pressure on them to curb risk in the financial system, according to multiple sources with direct knowledge of the situation.
(Reuters) - JPMorgan Chase & Co has made a strategic investment in Mosaic Smart Data, a company that has developed technology to help banks make their fixed-income sales and trading businesses more profitable.
SAN FRANCISCO (Reuters) - YouTube will begin displaying text from Wikipedia articles and other websites alongside some videos in a couple of weeks as the unit of Alphabet Inc's Google attempts to combat hoaxes and conspiracy theories on the service, its chief executive said on Tuesday.
WASHINGTON (Reuters) - General Motors chairman and chief executive Mary Barra met on Tuesday with U.S. regulatory chiefs, weeks before the Trump administration plans to decide whether to revise landmark fuel efficiency standards through 2025.
(Reuters) - Uber Technologies Inc said on Tuesday authorities in the northern English city of Sheffield had renewed the ride hailing service's operating license for five years following a brief suspension.
SANTIAGO, March 13 (Reuters) - Chilean banking regulator SBIF on Tuesday said it had authorized Bank of China Limited, one of China's largest banks, to operate in the country, a further sign of deepening economic ties between China and Latin America.
MEXICO CITY (Reuters) - Alphabet's Google said on Tuesday that it will launch a network of free Wi-Fi hotspots across Mexico, part of the search giant's effort to improve connectivity in emerging markets and put its products in the hands of more users.
A CORUNA, Spain (Reuters) - Zara, the fashion chain owned by the world's biggest clothing retailer Inditex , will introduce augmented reality displays from April, it said on Tuesday, in an effort to lure millennials into its stores.
BRUSSELS (Reuters) - The world's financial leaders will call on international standard-setting bodies on March 20 for stronger monitoring of crypto-assets and to assess the need for a multilateral response as such assets could at some point threaten financial stability.
BRUSSELS (Reuters) - The world's financial leaders will pledge to fight unfair trade practices and stress the role of global trade rules when they meet on March 20, as the United States raises the threat of a global trade war by imposing import tariffs on steel and aluminum.
NEW YORK (Reuters) - A global regulatory crackdown on cryptocurrencies created by startups to finance new projects could slow the pace of virtual currency sales as questions mount about their transparency and the risk of scams for investors.
COLOMBO (Reuters) - Sri Lanka is likely to lift a ban on social media networks this week, a government minister said on Tuesday, almost a week after blocking access to prevent the spread of communal violence.
SAN FRANCISCO (Reuters) - Women at Microsoft Corp working in U.S.-based technical jobs filed 238 internal complaints about gender discrimination or sexual harassment between 2010 and 2016, according to court filings made public on Monday.
(Reuters) - Amazon.com Inc has recalled some of its portable chargers in the United States following reports of overheating and fire, the U.S. Consumer Product Safety Commission (CPSC) said on Tuesday.
SAN FRANCISCO (Reuters) - Fitness-tracking app Strava said starting on Tuesday it will restrict access to an online map that shows where people run, cycle and swim and remove some data after researchers found it inadvertently revealed military posts and other sensitive sites.
WASHINGTON (Reuters) - Governments and central banks need to collaborate on developing regulations for crypto-assets to prevent them from becoming a new vehicle for money laundering and terrorist financing, International Monetary Fund Managing Director Christine Lagarde said on Wednesday.
JOHANNESBURG (Reuters) - Global music streaming provider Spotify is set to launch its services in South Africa on Tuesday, marking its entry into Africa, where there is a rapid uptake of smartphones and improving telecommunications infrastructure.
HELSINKI (Reuters) - Finland's government investment arm has spent about 844 million euros ($1.04 billion) on building a 3.3 percent stake in Nokia to strengthen national influence over the telecom network gear maker.
PIERRE, South Dakota (Reuters) - The woman walked into Cash Hogen's hardware store last fall to ask a single question about a KitchenAid mixer on display: What did the manufacturer call that color scheme?
BEIJING (Reuters) - China is merging its banking and insurance regulators, giving new powers to policymaking bodies such as the central bank and creating new ministries in the biggest government shake-up in years.
MADRID (Reuters) - Over one thousand Amazon workers in Spain plan to stage their first strike with a two-day walkout to protest what unions claim are efforts to reduce employees' rights, union Comisiones Obreras (CCOO) said on Tuesday.
SEOUL (Reuters) - South Korea's top chat app operator Kakao Corp said on Tuesday it will start charging fees for some services such as faster taxi bookings and business trips, ending nearly three years of wholly free services offered by its taxi-hailing app.
JAKARTA (Reuters) - Indonesia's financial regulator said it was considering setting a cap on interest rates and the size of loans offered by fintech firms, in a move aimed at minimizing the risk of defaults.
SHANGHAI (Reuters) - Talks between Telsa Inc and Shanghai authorities over building a local manufacturing plant remain on track, the city government said on Tuesday, easing concerns of a breakdown in negotiations after the electric carmaker's chief criticized Chinese trade rules last week.
SINGAPORE (Reuters) - Southeast Asia's Grab has formed a venture with Japanese credit card company Credit Saison Co Ltd to provide loans and lending services in the region, marking the ride-hailing firm's biggest expansion into financial services.
BEIJING (Reuters) - China is merging its banking and insurance regulators and creating a slew of ministries including a new agricultural and rural affairs ministry as part of the biggest government shake-up in years.
LONDON (Reuters) - Uber is seeking a second chance in Barcelona three years after it was forced to shut down in the face of taxi driver protests by introducing a fully licensed ride-hailing service that meets local transportation laws.
BEIJING (Reuters) - China said it will merge its banking and insurance regulators and create a new agricultural and rural village ministry, a parliament document released on Tuesday showed, among a number of proposed changes in the biggest ministry shake-up in years.
LONDON (Reuters) - Central banks should think hard about potential risks and spillovers before issuing their own cryptocurrency, the Bank for International Settlements (BIS) said in a report on Monday.
BRUSSELS (Reuters) - A consumer group on Monday said experts appointed by the European Commission to advise on tackling fake news had ignored the business model that gave the likes of Google and Facebook a motive for disseminating it.
TOKYO (Reuters) - Japanese cryptocurrency exchange Coincheck Inc, reeling from government reprimands over lax standards after $530 million dollar theft of digital money, said it would from Monday start repaying customers affected by the heist.
FRANKFURT (Reuters) - Utilities can increase their efficiency by using more artificial intelligence (AI) technology, such as software to predict demand swings in the power grid or to control home appliances, consultancy Roland Berger said.
FRANKFURT (Reuters) - The billionaire founder of United Internet has urged internet providers to found a joint company to build out Germany's high-speed broadband network, challenging market leader Deutsche Telekom to back the venture.
TEL AVIV, March 11 (Reuters) - Viola FinTech, a new financial technology fund from Israel's Viola investment group, expects to bring in new partners and increase the fund's size to as much as $150 million in the next few months.
BEIJING (Reuters) - At a highway check point on the outskirts of Beijing, local police are this week testing out a new security tool: smart glasses that can pick up facial features and car registration plates, and match them in real-time with a database of suspects.
BERLIN (Reuters) - Germany's incoming minister with responsibility for digital policy says she will push social media giants to make users' information feeds more diverse and timely to avoid creating "echo chambers" for the like-minded.
LONDON (Reuters) - The platinum industry has been waiting for fuel-cell cars to lift demand for years. Now, just as the technology finally looks to be gaining traction, carmakers are finding ways to slash the amount of the expensive metal used.
TOKYO (Reuters) - Japanese auto parts supplier Denso Corp is buying an additional 4.5 percent stake in chipmaker Renesas Electronics in a deal worth $800 million based on market prices, as car makers accelerate the adoption of self-driving and other technologies.
NAGPUR, India (Reuters) - Indian ride-hailing firm Ola's pilot project to test a fleet of electric vehicles in the western city of Nagpur was expected to herald a coming revolution in the Indian autos industry. So far, though, it has only exposed fractures in Prime Minister Narendra Modi's ambitions to make all new vehicles electric by 2030.
NEW YORK (Reuters) - U.S.-based Multicoin Capital, an asset management firm with a long-term positive view on digital currencies, has raised capital from a slew of big individual and institutional investors led by influential venture capitalist Marc Andreessen, its co-founder and managing partner told Reuters.
WASHINGTON (Reuters) - A federal judicial panel said on Thursday that challenges to the Federal Communications Commission's repeal of the Obama era open internet rules will be heard by an appeals court based in San Francisco.
SINGAPORE (Reuters) - Southeast Asia's biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber Technologies Inc's business in the region, said a source with knowledge of the talks, in what would be Uber's second retreat from an Asian market.
WASHINGTON (Reuters) - False news stories spread much more quickly and widely on Twitter than truthful ones, an imbalance driven more by people than automated "bot" accounts, researchers said on Thursday.
VIENNA (Reuters) - A1 Telekom Austria , part of Mexican tycoon Carlos Slim's America Movil , has been accused of violating the privacy of tens of thousands of its customers, Austria's data protection authority said on Thursday.
JOHANNESBURG (Reuters) - German software maker SAP found compliance breaches and "indications of misconduct" in $50 million of public sector deals in South Africa involving the Guptas, friends of former president Jacob Zuma accused of corruption, it said on Thursday.
SHANGHAI (Reuters) - China has approved the Shanghai listing of an internet and industrial-focused subsidiary of Taiwan's Foxconn, which the world's largest contract electronics manufacturer hopes will help fund new projects.
JAKARTA (Reuters) - Indonesia is confident over its readiness to host this year's Asian Games, though ensuring athletes and fans can get to venues through Jakarta's traffic-clogged streets remains a challenge, the head of the country's organizing committee said.
(Reuters) - An Indian court has dismissed Reliance Communications Ltd's (RCom) plea against an arbitration court order that barred the telecom operator from selling or transferring its assets without the tribunal's permission.
TOKYO (Reuters) - Japan punished seven cryptocurrency exchanges, ordering two of them to suspend business, in an effort to shore up consumer protection after a $530 million theft of digital money from Tokyo-based Coincheck Inc earlier this year.
JERUSALEM, March 8 (Reuters) - Israel's anti-competition regulator charged Bezeq Israel Telecom with abusing its position as the dominant player in the country's telecoms sector, saying its monopoly over infrastructure may harm the supply of telecoms services.
LONDON (Reuters) - The European Union's executive has proposed a draft law to offer crowdfunding platforms bloc-wide access to customers as part of efforts to boost growth in the financial technology sector.
MILAN (Reuters) - Activist fund Elliott's acquisition of a stake in Telecom Italia (TIM) is not a cause of concern for the phone group and its main shareholder Vivendi, the TIM Chairman and Vivendi CEO said on Thursday in a newspaper interview.
TOKYO (Reuters) - Japan's financial regulator on Thursday punished seven cryptocurrency exchanges, suspending business at the two of them, in an effort to shore up consumer protection after the $530 million theft of digital money from Tokyo-based Coincheck.
TOKYO (Reuters) - Japanese regulators on Thursday issued punishment notices to several cryptocurrency exchanges and forced others to halt business, in an effort to shore up consumer protection after the $530 million theft of digital money from Coincheck.
WASHINGTON (Reuters) - Foreign banks have been excluded from a key provision relaxing oversight of small and mid-sized lenders under a modified version of a U.S. Senate bill that aims to ease rules introduced following the 2007-2009 global financial crisis.
WASHINGTON, March 7 (Reuters) - Foreign banks have been excluded from a key provision relaxing oversight of small and mid-sized lenders under a modified version of a U.S. Senate bill that aims to ease rules introduced following the 2007-2009 global financial crisis.