(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
SAN FRANCISCO (Reuters) – Apple Inc on Wednesday removed an app that protesters in Hong Kong have used to track police movements from its app store, saying it violated rules because it was used to ambush police. The U.S. tech giant had come under fire from China over the app, with the Chinese Communist Party’s
FILE PHOTO: People are seen at the Bytedance Technology booth at the Digital China exhibition in Fuzhou, Fujian province, China May 5, 2019. REUTERS/Stringer/File Photo (Reuters) – U.S. Senator Marco Rubio on Wednesday said he will ask the Committee on Foreign Investment in the United States (CFIUS) to review TikTok owner Beijing Bytedance Technology Co’s
BEIJING (Reuters) – Some Chinese National Basketball Association (NBA) fans have asked for streaming subscription refunds from exclusive service provider Tencent amid a deepening free speech row, a move that could cause the tech giant financial pain. FILE PHOTO: Tencent company name is displayed at a news conference in Hong Kong, China March 17, 2016.
BERLIN (Reuters) – German payments group Wirecard raised its long-term outlook on Tuesday, but the company’s shares fell as analysts questioned the ability of any tech company to give a precise forecast for its business in five years’ time. FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions
WASHINGTON/SHANGHAI (Reuters) – The U.S. government expanded its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions ahead of high-level trade talks in Washington this week. FILE PHOTO: An ethnic Uighur demonstrator wears a mask as she attends a protest against
The pioneering four-limb robotic system, or exoskeleton, that is commanded and controlled by signals from the patient’s brain is seen following a news conference after Thibault, a 28-year-old man, paralyzed from the shoulders down, had been able to walk using it at the French research center Clinatec in Grenoble, France, October 7, 2019. REUTERS/Emmanuel Foudrot
FILE PHOTO: Japan Display Inc’s logo is pictured at its headquarters in Tokyo, Japan, August 9, 2016. REUTERS/Kim Kyung-Hoon /File Photo TOKYO (Reuters) – Apple Inc (AAPL.O) supplier Japan Display Inc (6740.T) aims to seal a revised bailout deal by the end of this month for at least 50 billion yen ($468 million) in vital
LONDON (Reuters) – Vodafone is testing innovative open access radio technology in Britain – a first for Europe – in a move that could break the grip Huawei, Ericsson and Nokia hold on the telco equipment market. FILE PHOTO: The Vodafone logo is seen at the Mobile World Congress in Barcelona, Spain, February 28, 2018.
WASHINGTON (Reuters) – U.S. payments processor PayPal Holdings Inc (PYPL.O) said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. FILE PHOTO: Shadow of a 3D-printed Facebook Libra cryptocurrency logo is seen near cryptocurrency representation in
WASHINGTON (Reuters) – U.S. regulators said on Friday they were reviewing whether Tesla Inc should have recalled 2,000 of its electric cars in May instead of issuing a software upgrade to fix a potential defect that could have resulted in battery fires. FILE PHOTO: A Tesla Model S steering wheel is on display at the