WASHINGTON (Reuters) – Group of 20 finance leaders on Friday agreed to set strict regulations on cryptocurrencies such as Facebook’s Libra, warning that issuance of such “stablecoins” should not be allowed until various global risks they pose are addressed. The agreement came after a G7 working group warned that when launched on a wide scale,
Technology
(Reuters) – The $100 billion Vision Fund of Japan’s SoftBank Group Corp (9984.T) has in just over two years burned through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance. FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference
WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) Chief Executive Mark Zuckerberg on Thursday defended the social media company’s light regulation of speech and lack of fact checking on political advertising, while citing China’s censorship as a roadblock to operating in the country. Facebook has been under fire in recent years for its lax approach to
TAIPEI (Reuters) – Apple Inc supplier TSMC raised its 2019 capital spending plan by up to $5 billion on Thursday and forecast a nearly 10% rise in fourth-quarter revenue on strong demand for faster mobile chips and new high-end smartphones. The logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during an investors’ conference in
FILE PHOTO: A biker, wearing a Deliveroo food courier backpack, demonstrates during a call on clients to boycott the brand in Paris, France, August 7, 2019. REUTERS/Charles Platiau/File Photo (Reuters) – Britain’s competition regulator said on Wednesday it has launched an investigation into Amazon.com Inc’s investment in online food delivery firm Deliveroo. The Competition and
NEW YORK/SAN FRANCISCO/BERLIN (Reuters) – Alphabet Inc’s (GOOGL.O) Google unveiled new Pixel smartphones with higher quality cameras, a radar sensor and faster virtual assistant on Tuesday, but failed to provide enough to set the devices apart from rivals and nix concerns about price. Rick Osterloh of Google describes new products at the Made by Google
FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo TOKYO (Reuters) – Tesla Inc (TSLA.O) will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the
FILE PHOTO: A Harley-Davidson Inc. logo is seen at the Paris auto show in Paris, France, October 4, 2018. REUTERS/Benoit Tessier (Reuters) – Harley-Davidson Inc (HOG.N) said on Monday it has stopped production of its first electric motorcycle after discovering a glitch in the final quality checks. The motorcycle maker said it does not have
JAKARTA (Reuters) – Indonesia has completed the last leg of a 13,000-km (8,080 mile) fiber-optic network that will bring high-speed internet to some of its poorest regions in the country’s east, including the restive region of Papua, the government said on Monday. FILE PHOTO: Indonesia’s President Joko Widodo speaks at the Istana in Singapore October
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid SAO PAULO (Reuters) – Brazilian lender Banco Inter SA and Uber Technologies Inc are in talks to forge a partnership in
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, United States, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation to follow securities laws prohibiting
FILE PHOTO: Federal Trade Commission (FTC) Chairman Joe Simons announces that Facebook Inc has agreed to a settlement of allegations it mishandled user privacy during a news conference at FTC Headquarters in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas WASHINGTON (Reuters) – The Federal Trade Commission, which works with the Justice Department to enforce antitrust
(Reuters) – Facebook Inc’s (FB.O) ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard (MA.N) and Visa Inc (V.N) quit the group behind the project. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo
FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach/File Photo (Reuters) – EBay Inc said on Friday it would exit Facebook Inc’s planned cryptocurrency Libra, joining Paypal. “We highly respect the vision of the Libra Association; however, eBay has made the decision to not move
(Reuters) – Top U.S. and Chinese trade officials met on Thursday for the first time since late July to try to find their way out of a bitter, 15-month trade war as new irritants between the world’s two largest economies threatened to dash hopes for progress. Chinese Vice Premier Liu He, U.S. Trade Representative Robert
SAN FRANCISCO/HONG KONG (Reuters) – Apple Inc has removed an app that helped Hong Kong protesters track police movements, saying it was used to ambush law enforcement, following sharp criticism of the U.S. tech giant by a Chinese state newspaper for allowing the software. Apple’s decision to bar the HKmap.live app, which crowdsources the locations