FTC to announce $5 billion settlement with Facebook as early as this week: sources7/23/2019 1:39:33 AM The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc as early as this week of its investigation into the social media company’s handling of user data, two sources briefed on the matter said on Monday.
Facebook, Amazon and Alphabet take center stage on Wall Street7/22/2019 7:08:44 PM The so-called FANG stocks take center stage on Wall Street this week, with Amazon , Alphabet and Facebook set to report as the S&P 500 approaches a record high.
Equifax nears deal to pay about $700 million to settle U.S. data breach probes: WSJ7/20/2019 12:02:51 AM Credit reporting company Equifax Inc is close to a deal to pay around $700 million to settle data breach probes with U.S. regulators and states, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Trump tells France's Macron U.S. concerned with proposed digital services tax7/19/2019 6:53:34 PM U.S. President Donald Trump spoke with French President Emmanuel Macron on Friday and expressed concerns about the country's proposed digital services tax, the White House said.
G7 urges tough Libra regulation, agrees to tax digital giants7/19/2019 10:11:19 AM Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday.
ITV, BBC to offer BritBox at 6 pounds per month in UK7/19/2019 8:37:56 AM per month, giving subscribers access to hit shows such as "Love Island", "Gentleman Jack" and "Coronation Street".
Transport app FlixMobility gets Germany's biggest tech funding round to drive growth7/18/2019 5:06:57 PM Transport app FlixMobility has raised around 500 million euros ($561 million) in Germany's biggest tech funding round to date to back investments in its expansion, sources familiar with the matter said on Thursday.
Cyber expert charged in huge Bulgarian data hack is bailed7/18/2019 4:46:41 PM A cybersecurity expert accused of involvement in hacking the personal data of millions of Bulgarian taxpayers was conditionally released on Wednesday after prosecutors downgraded charges against him.
India queries Chinese app TikTok after call for ban by Hindu group7/18/2019 3:24:54 PM India's IT ministry has asked Chinese video app TikTok, one of the world's most popular, to explain how it collects user data and creates awareness for safe use of its platform, according to government officials and a document seen by Reuters.
Russia fines Google for failing to filter search results7/18/2019 1:12:08 PM Russia's communications watchdog fined Google 700,000 roubles ($11,100) on Thursday for failing to fulfil legal requirements to remove entries from its search results that Moscow believes contain illegal information.
Stablecoins like Libra must be held to highest standards: G77/18/2019 1:07:17 PM Stablecoins like Facebook's Libra can foster financial inclusion but they must be held "to the highest regulatory standards" to ensure that they aren't used to launder money and that users are protected, a Group of Seven taskforce on the issue concluded.
Verizon resurrects media business as safe haven on the internet7/18/2019 1:05:48 PM Banning pornography from Tumblr was not necessarily meant to define Verizon Media's strategy to turn around a collection of Internet has-beens. But that is how it has played out.
Sports streaming firm DAZN to show Eurosport in four European countries7/18/2019 11:31:59 AM Sports streaming service DAZN said on Thursday its subscribers would be able to receive Eurosport in Germany and three other European countries after a deal with the channel's owner Discovery.
Netflix shares plunge as global growth falls short, U.S. customers shrink7/18/2019 10:56:37 AM Netflix Inc said on Wednesday it lost U.S. streaming customers for the first time in eight years and missed targets for new subscribers overseas, an announcement that jarred investors ahead of looming competition.
Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources7/18/2019 10:30:39 AM Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.
Japan to lead development of SWIFT network for cryptocurrency: source7/18/2019 10:15:14 AM Japan's government is leading a global push to set up an international network for cryptocurrency payments, similar to the SWIFT network used by banks, in an effort to fight money laundering, a person familiar with the plan said on Thursday.
G7 finance chiefs agree to tackle digital tax challenges: summary7/18/2019 9:50:00 AM G7 finance ministers agreed to address the tax challenges raised by the digital economy and push ahead with plans for a minimum corporate tax level, a draft of the chair's summary seen by Reuters said on Thursday.
Myanmar filmmaker charged over Facebook posts about military7/18/2019 9:25:26 AM A Myanmar judge on Thursday charged filmmaker Min Htin Ko Ko Gyi for Facebook posts he made about the powerful military, meaning he will stand trial despite concern over his health and an outcry from human rights groups.
Netflix to roll out cheaper mobile-only plan for India7/18/2019 7:24:09 AM Netflix Inc said on Wednesday it would roll out a lower-priced mobile-only plan in India within the next three months to tap into a price-sensitive market at a time the streaming company is losing customers in its home turf.
SoftBank's Son says Japan lacks investment opportunities, is AI 'developing country'7/18/2019 4:33:53 AM SoftBank Group Corp founder and Chief Executive Masayoshi Son said on Thursday that there is a dearth of investment opportunities in Japan, which he said is lagging in the race to develop artificial intelligence (AI).