By Alexandra Elper, Humera Pamuk WASHINGTON (Reuters) – The Trump administration has canceled plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter said, a brief …
Read More »US tech giants face 6-10% fines as the European Union enacted rules to curb its power
BRUSSELS (Reuters) – Amazon, Apple, Facebook and Alphabet unit Google will have to change their business practices in Europe or face heavy fines between 6-10% under new draft EU rules to be …
Read More »Alibaba, Rickmont invest $ 1.1 billion in FARFET with focus on China
(Reuters) – Alibaba Group Holding Ltd 9988.HK And Swiss group Richemont CFR.S Online luxury fashion retailer to invest $ 1.1 billion in Farfac Limited FTCH.N And its new market in China, in …
Read More »Breakingview – Crush and China TechLash Launches
Jack Ma, co-founder and executive chairman of Alibaba Group, participates in the World Trade Organization (WTO) Forum “Trade 2030” in Geneva, Switzerland, October 2, 2018. REUTERS / Dennis Ballyboss HONG KONG (Reuters …
Read More »Breakingview – Chinese tech giants take proxy war for New York
A logo of the Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang Province, China on November 18, 2019. LONDON (Reuters Breakingview) – Alibaba, JD.com, and Tencent are starting a …
Read More »PayPal to open network to cryptocurrency
Ana Erera, by Tom Wilson London (Reuters) – PayPal Holdings Inc PYPL.O On Wednesday, it said it would allow customers to place bitcoin and other virtual coins in their online wallet and …
Read More »Stock market boom, mint of China’s billionaires at new listing record pace
SHANGHAI (Reuters) – China is trading new billionaires at a record pace despite a coronovirus epidemic recovering from a list released Tuesday, leading to a surge in share prices and a new …
Read More »Security Driver Accused of Murder in Deadly Arizona Uber Self-Driving Car Accident
WASHINGTON (Reuters) – Back-up security driver behind the wheel of self-driving Uber Technologies UBER.N Prosecutors said Tuesday that a woman was struck and killed in the test vehicle, Tempe, Arizona, in 2018. …
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