TOKYO (Reuters) – SoftBank Group Corp’s financial strains escalated on Wednesday as it agreed to spend more than $10 billion to take over office-space sharing startup WeWork, knocking the Japanese tech conglomerate’s already weakened shares. FILE PHOTO: SoftBank Corp placard is prepared during a ceremony to mark the company’s debut on the Tokyo Stock Exchange
Technology
FILE PHOTO: A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai, China, September 17, 2018. REUTERS/Aly Song WASHINGTON (Reuters) – U.S. state attorneys general probing Alphabet’s (GOOGL.O) Google plan to meet next month in Colorado to discuss a probe into whether the search giant’s business practices break antitrust law, according
FILE PHOTO: CEO Tim Cook speaks at an Apple event at their headquarters in Cupertino, California, U.S. September 10, 2019. REUTERS/Stephen Lam BEIJING (Reuters) – Apple CEO Tim Cook has been named chairman of the business school advisory board at an elite Chinese university attended by senior politicians in the country. The announcement from Tsinghua
LOS ANGELES (Reuters) – United Parcel Service Inc’s new Flight Forward drone unit will soon start home prescription delivery from CVS Health Corp. FILE PHOTO: A UPS drone makes a Flight Forward medical delivery on WakeMed Health & Hospitals’ main campus in Raleigh, North Carolina, U.S. in an undated photo. UPS/Handout via REUTERS/File Photo The
FRANKFURT/BERLIN (Reuters) – German payments company Wirecard has hired KPMG to conduct an independent audit to address allegations by the Financial Times that its finance team had sought to inflate reported sales and profits, it said on Monday. FILE PHOTO: Markus Braun, CEO (R) and Alexander von Knoop, CFO of Wirecard AG, an independent provider
WASHINGTON (Reuters) – Facebook Inc (FB.O), facing growing skepticism about its digital currency project Libra, on Sunday said the initiative could use cryptocurrencies based on national currencies such as the dollar, instead of the synthetic one it initially proposed. FILE PHOTO: A 3-D printed Facebook logo is seen on U.S. dollar banknotes in this illustration
Xiaomi founder and CEO Lei Jun attends a launch ceremony of the new flagship phone Xiaomi Mi 9 in Beijing, China February 20, 2019. REUTERS/Jason Lee WUZHEN, China (Reuters) – Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, CEO Lei Jun said on Sunday, adding that the mobile
WASHINGTON (Reuters) – Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly
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,
(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